Stevoh: 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.
Stevoh
Largest movements
- Cash -€57,115
down €57,115 (-83.9%), from €68,080 to €10,966
mainly Other debts (-€41,894) and Contributions, distributions and other (-€28,209)
- Receivables within one year +€23,097
up €23,097 (+220%), from €10,493 to €33,590
of which Trade receivables: +€22,291
- Tangible fixed assets -€907
down €907 (-63.8%), from €1,421 to €515
- Other debts -€41,894
down €41,894 (-61.6%), from €68,047 to €26,153
- Tax, wage and social debts +€4,284
up €4,284 (+84.2%), from €5,090 to €9,375
- Trade debts +€2,981
up €2,981 (+101%), from €2,946 to €5,927
- Gross operating margin -€3,539
down €3,539 (-7.3%), from €48,400 to €44,861
- Financial charges +€2,289
up €2,289 (+73.2%), from €3,128 to €5,417
- Taxes -€1,272
down €1,272 (-11.1%), from €11,472 to €10,201
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 | €81,083 | €46,555 | -€34,529 | -42.6% |
| Fixed assets | 21/28 | €1,421 | €866 | -€556 | -39.1% |
| Tangible fixed assets | 22/27 | €1,421 | €515 | -€907 | -63.8% |
| Plant, machinery and equipment | 23 | €1,421 | €515 | -€907 | -63.8% |
| Financial fixed assets | 28 | - | €351 | +€351 | |
| Current assets | 29/58 | €79,662 | €45,689 | -€33,973 | -42.6% |
| Amounts receivable within one year | 40/41 | €10,493 | €33,590 | +€23,097 | +220% |
| Trade receivables | 40 | €10,406 | €32,698 | +€22,291 | +214% |
| Other amounts receivable | 41 | €87 | €893 | +€806 | +927% |
| Cash at bank and in hand | 54/58 | €68,080 | €10,966 | -€57,115 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,088 | €1,133 | +€44 | +4.1% |
| Total equity and liabilities | 10/49 | €81,083 | €46,555 | -€34,529 | -42.6% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €76,083 | €41,555 | -€34,529 | -45.4% |
| Amounts payable within one year | 42/48 | €76,083 | €41,555 | -€34,529 | -45.4% |
| Trade debts | 44 | €2,946 | €5,927 | +€2,981 | +101% |
| Suppliers | 440/4 | €2,946 | €5,927 | +€2,981 | +101% |
| Advances received on contracts in progress | 46 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €5,090 | €9,375 | +€4,284 | +84.2% |
| Taxes | 450/3 | €5,090 | €9,375 | +€4,284 | +84.2% |
| Other amounts payable | 47/48 | €68,047 | €26,153 | -€41,894 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150 | €907 | -€243 | -21.1% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €48,400 | €44,861 | -€3,539 | -7.3% |
| Operating profit (loss) | 9901 | €46,737 | €43,426 | -€3,310 | -7.1% |
| Financial income | 75/76B | €132 | €400 | +€269 | +204% |
| Recurring financial income | 75 | €132 | €400 | +€269 | +204% |
| Financial charges | 65/66B | €3,128 | €5,417 | +€2,289 | +73.2% |
| Recurring financial charges | 65 | €3,128 | €5,417 | +€2,289 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | €43,741 | €38,410 | -€5,331 | -12.2% |
| Income taxes | 67/77 | €11,472 | €10,201 | -€1,272 | -11.1% |
| Profit (loss) for the period | 9904 | €32,268 | €28,209 | -€4,059 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,268 | €28,209 | -€4,059 | -12.6% |
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 16 October 2026 via checked.be.