STEVO: what changed
Two fiscal 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.
STEVO
Largest movements
- Cash +€10,977
up €10,977 (+25.3%), from €43,428 to €54,405
mainly Net result for the year (+€25,284) and Depreciation (+€11,489)
- Tangible fixed assets +€2,849
up €2,849 (+11.0%), from €25,996 to €28,845
of which Plant, machinery and equipment: +€8,342
- Receivables within one year +€1,869
up €1,869 (+20.5%), from €9,118 to €10,987
of which Other amounts receivable: +€3,786
- Profit (loss) carried forward +€25,284
up €25,284 (+55.2%), from €45,772 to €71,056
- Current portion of long-term debt -€6,619
down €6,619 (-91.6%), from €7,230 to €611
- Depreciation +€2,071
up €2,071 (+22.0%), from €9,418 to €11,489
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.
Cash bridge derived
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 | €78,611 | €94,561 | +€15,950 | +20.3% |
| Fixed assets | 21/28 | €25,996 | €28,845 | +€2,849 | +11.0% |
| Tangible fixed assets | 22/27 | €25,996 | €28,845 | +€2,849 | +11.0% |
| Plant, machinery and equipment | 23 | €4,428 | €12,770 | +€8,342 | +188.4% |
| Furniture and vehicles | 24 | €21,568 | €16,074 | -€5,494 | -25.5% |
| Current assets | 29/58 | €52,615 | €65,716 | +€13,101 | +24.9% |
| Amounts receivable within one year | 40/41 | €9,118 | €10,987 | +€1,869 | +20.5% |
| Trade receivables | 40 | €6,508 | €4,591 | -€1,917 | -29.5% |
| Other amounts receivable | 41 | €2,611 | €6,396 | +€3,786 | +145.0% |
| Cash at bank and in hand | 54/58 | €43,428 | €54,405 | +€10,977 | +25.3% |
| Deferred charges and accrued income | 490/1 | €69 | €324 | +€255 | +370.8% |
| Total equity and liabilities | 10/49 | €78,611 | €94,561 | +€15,950 | +20.3% |
| Equity | 10/15 | €48,772 | €74,056 | +€25,284 | +51.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,772 | €71,056 | +€25,284 | +55.2% |
| Amounts payable | 17/49 | €29,840 | €20,505 | -€9,334 | -31.3% |
| Amounts payable after more than one year | 17 | €611 | €0 | -€611 | -100.0% |
| Financial debts | 170/4 | €611 | €0 | -€611 | -100.0% |
| Amounts payable within one year | 42/48 | €29,229 | €20,505 | -€8,724 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €7,230 | €611 | -€6,619 | -91.6% |
| Trade debts | 44 | €2,468 | €1,801 | -€668 | -27.1% |
| Suppliers | 440/4 | €2,468 | €1,801 | -€668 | -27.1% |
| Taxes, remuneration and social security | 45 | €756 | €0 | -€756 | -100.0% |
| Taxes | 450/3 | €756 | €0 | -€756 | -100.0% |
| Other amounts payable | 47/48 | €18,775 | €18,094 | -€681 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,418 | €11,489 | +€2,071 | +22.0% |
| Other operating charges | 640/8 | €583 | €658 | +€75 | +12.8% |
| Non-recurring operating charges | 66A | €349 | €0 | -€349 | -100.0% |
| Gross operating margin | 9900 | €44,512 | €44,479 | -€34 | -0.1% |
| Operating profit (loss) | 9901 | €34,162 | €32,332 | -€1,830 | -5.4% |
| Financial income | 75/76B | €199 | €210 | +€11 | +5.6% |
| Recurring financial income | 75 | €199 | €210 | +€11 | +5.6% |
| Financial charges | 65/66B | €445 | €260 | -€186 | -41.7% |
| Recurring financial charges | 65 | €445 | €260 | -€186 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €33,916 | €32,282 | -€1,633 | -4.8% |
| Income taxes | 67/77 | €7,389 | €6,998 | -€391 | -5.3% |
| Profit (loss) for the period | 9904 | €26,526 | €25,284 | -€1,242 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,526 | €25,284 | -€1,242 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.