TECHNICAL SERVICES STEVENS: what changed
TECHNICAL SERVICES STEVENS
Largest movements
- Current investments +€190,000
new in 2026: €190,000
- Cash -€177,179
down €177,179 (-35.0%), from €506,761 to €329,582
mainly Current investments (-€190,000) and Other debts (-€81,578)
- Receivables within one year +€44,582
up €44,582 (+205%), from €21,798 to €66,380
of which Trade receivables: +€44,486
- Tangible fixed assets -€34,343
down €34,343 (-14.8%), from €232,654 to €198,311
of which Plant, machinery and equipment: -€50,549
- Reserves +€116,780
up €116,780 (+20.6%), from €566,408 to €683,188
of which Distributable reserves: +€125,990
- Other debts -€81,578
down €81,578 (-73.0%), from €111,826 to €30,248
- Tax, wage and social debts -€36,510
down €36,510 (-81.7%), from €44,708 to €8,199
- Trade debts +€26,707
up €26,707 (+143%), from €18,617 to €45,324
- Financial income +€9,919
up €9,919 (+1,077%), from €921 to €10,840
- Taxes +€7,026
up €7,026 (+8.7%), from €80,636 to €87,662
- Depreciation +€5,730
up €5,730 (+11.6%), from €49,428 to €55,158
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,997 | €793,396 | +€25,399 | +3.3% |
| Fixed assets | 21/28 | €232,654 | €198,311 | -€34,343 | -14.8% |
| Tangible fixed assets | 22/27 | €232,654 | €198,311 | -€34,343 | -14.8% |
| Plant, machinery and equipment | 23 | €227,327 | €176,778 | -€50,549 | -22.2% |
| Furniture and vehicles | 24 | €5,328 | €21,534 | +€16,206 | +304% |
| Current assets | 29/58 | €535,343 | €595,085 | +€59,742 | +11.2% |
| Amounts receivable within one year | 40/41 | €21,798 | €66,380 | +€44,582 | +205% |
| Trade receivables | 40 | €21,669 | €66,154 | +€44,486 | +205% |
| Other amounts receivable | 41 | €130 | €226 | +€97 | +74.5% |
| Current investments | 50/53 | - | €190,000 | +€190,000 | |
| Cash at bank and in hand | 54/58 | €506,761 | €329,582 | -€177,179 | -35.0% |
| Deferred charges and accrued income | 490/1 | €6,784 | €9,123 | +€2,338 | +34.5% |
| Total equity and liabilities | 10/49 | €767,997 | €793,396 | +€25,399 | +3.3% |
| Equity | 10/15 | €592,846 | €709,626 | +€116,780 | +19.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €566,408 | €683,188 | +€116,780 | +20.6% |
| Non-distributable reserves | 130/1 | €9,210 | €0 | -€9,210 | -100% |
| Reserves not available under the articles | 1311 | €9,210 | €0 | -€9,210 | -100% |
| Distributable reserves | 133 | €557,198 | €683,188 | +€125,990 | +22.6% |
| Profit (loss) carried forward | 14 | €19,438 | €19,438 | = | 0.0% |
| Amounts payable | 17/49 | €175,151 | €83,770 | -€91,381 | -52.2% |
| Amounts payable within one year | 42/48 | €175,151 | €83,770 | -€91,381 | -52.2% |
| Trade debts | 44 | €18,617 | €45,324 | +€26,707 | +143% |
| Suppliers | 440/4 | €18,617 | €45,324 | +€26,707 | +143% |
| Taxes, remuneration and social security | 45 | €44,708 | €8,199 | -€36,510 | -81.7% |
| Taxes | 450/3 | €44,708 | €8,199 | -€36,510 | -81.7% |
| Other amounts payable | 47/48 | €111,826 | €30,248 | -€81,578 | -73.0% |
| Non-recurring operating income | 76A | €11,180 | €0 | -€11,180 | -100% |
| Remuneration, social security and pensions | 62 | €2,829 | €2,463 | -€365 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,428 | €55,158 | +€5,730 | +11.6% |
| Other operating charges | 640/8 | €349 | €2,108 | +€1,759 | +503% |
| Gross operating margin | 9900 | €311,552 | €314,097 | +€2,545 | +0.8% |
| Operating profit (loss) | 9901 | €258,946 | €254,368 | -€4,578 | -1.8% |
| Financial income | 75/76B | €921 | €10,840 | +€9,919 | +1,077% |
| Recurring financial income | 75 | €921 | €10,840 | +€9,919 | +1,077% |
| Financial charges | 65/66B | €3,230 | €3,443 | +€214 | +6.6% |
| Recurring financial charges | 65 | €3,230 | €3,443 | +€214 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €256,637 | €261,765 | +€5,127 | +2.0% |
| Income taxes | 67/77 | €80,636 | €87,662 | +€7,026 | +8.7% |
| Profit (loss) for the period | 9904 | €176,001 | €174,102 | -€1,899 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €176,001 | €174,102 | -€1,899 | -1.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.