STEVMIJO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
STEVMIJO
Largest movements
- Current investments -€330,628
down €330,628 (-61.4%), from €538,616 to €207,988
- Receivables within one year +€40,166
up €40,166 (+146%), from €27,421 to €67,586
of which Other amounts receivable: +€26,441
- Tangible fixed assets +€9,290
up €9,290 (+907%), from €1,025 to €10,315
of which Other tangible fixed assets: +€9,588
- Profit (loss) carried forward -€268,179
down €268,179 (-85.7%), from €312,976 to €44,797
- Other debts -€10,000
down €10,000 (-10.0%), from €100,000 to €90,000
- Financial income -€211,118
down €211,118 (-92.4%), from €228,553 to €17,435
- Financial charges +€204,979
up €204,979 (+2,759%), from €7,429 to €212,408
- Gross operating margin -€115,199
down €115,199, from €45,647 to -€69,552
- Write-downs -€107,800
no longer reported in 2025 (was €107,800)
- Taxes -€32,513
down €32,513 (-99.6%), from €32,648 to €136
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,107 | €369,285 | -€281,822 | -43.3% |
| Fixed assets | 21/28 | €1,025 | €10,315 | +€9,290 | +907% |
| Tangible fixed assets | 22/27 | €1,025 | €10,315 | +€9,290 | +907% |
| Furniture and vehicles | 24 | €1,025 | €728 | -€297 | -29.0% |
| Other tangible fixed assets | 26 | - | €9,588 | +€9,588 | |
| Current assets | 29/58 | €650,082 | €358,969 | -€291,113 | -44.8% |
| Amounts receivable within one year | 40/41 | €27,421 | €67,586 | +€40,166 | +146% |
| Trade receivables | 40 | €4,700 | €18,425 | +€13,725 | +292% |
| Other amounts receivable | 41 | €22,721 | €49,161 | +€26,441 | +116% |
| Current investments | 50/53 | €538,616 | €207,988 | -€330,628 | -61.4% |
| Cash at bank and in hand | 54/58 | €84,045 | €83,395 | -€650 | -0.8% |
| Total equity and liabilities | 10/49 | €651,107 | €369,285 | -€281,822 | -43.3% |
| Equity | 10/15 | €545,436 | €277,257 | -€268,179 | -49.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,860 | €213,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,976 | €44,797 | -€268,179 | -85.7% |
| Amounts payable | 17/49 | €105,671 | €92,028 | -€13,643 | -12.9% |
| Amounts payable within one year | 42/48 | €105,671 | €92,028 | -€13,643 | -12.9% |
| Trade debts | 44 | €4,580 | €1,224 | -€3,356 | -73.3% |
| Suppliers | 440/4 | €4,580 | €1,224 | -€3,356 | -73.3% |
| Taxes, remuneration and social security | 45 | €1,091 | €804 | -€287 | -26.3% |
| Taxes | 450/3 | €741 | €804 | +€63 | +8.5% |
| Remuneration and social security | 454/9 | €350 | - | -€350 | |
| Other amounts payable | 47/48 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Non-recurring operating income | 76A | - | €11,343 | +€11,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €300 | +€300 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €107,800 | - | -€107,800 | |
| Other operating charges | 640/8 | €22,052 | €3,218 | -€18,834 | -85.4% |
| Gross operating margin | 9900 | €45,647 | -€69,552 | -€115,199 | |
| Operating profit (loss) | 9901 | -€84,205 | -€73,070 | +€11,135 | +13.2% |
| Financial income | 75/76B | €228,553 | €17,435 | -€211,118 | -92.4% |
| Recurring financial income | 75 | €228,553 | €17,435 | -€211,118 | -92.4% |
| Financial charges | 65/66B | €7,429 | €212,408 | +€204,979 | +2,759% |
| Recurring financial charges | 65 | €7,429 | €212,408 | +€204,979 | +2,759% |
| Profit (loss) for the period before taxes | 9903 | €136,919 | -€268,043 | -€404,962 | |
| Income taxes | 67/77 | €32,648 | €136 | -€32,513 | -99.6% |
| Profit (loss) for the period | 9904 | €104,270 | -€268,179 | -€372,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,270 | -€268,179 | -€372,449 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.