STEVENS: what changed
STEVENS
Largest movements
- Tangible fixed assets -€14,710
down €14,710 (-64.2%), from €22,919 to €8,209
of which Furniture and vehicles: -€13,944
- Receivables within one year +€9,445
up €9,445 (+29.4%), from €32,151 to €41,596
of which Other amounts receivable: +€9,266
- Cash +€7,996
up €7,996 (+21.9%), from €36,474 to €44,471
mainly Depreciation (+€14,710) and Net result for the year (+€10,440)
- Deferred charges and accrued income -€3,341
down €3,341 (-70.1%), from €4,765 to €1,424
- Tax, wage and social debts -€12,408
down €12,408 (-83.8%), from €14,811 to €2,403
- Reserves +€10,440
up €10,440 (+23.9%), from €43,749 to €54,189
of which Distributable reserves: +€10,440
- Current portion of long-term debt -€3,720
no longer reported in 2025 (was €3,720)
- Other debts +€2,621
new in 2025: €2,621
- Trade debts +€2,616
up €2,616 (+146%), from €1,790 to €4,405
- Gross operating margin -€11,904
down €11,904 (-26.0%), from €45,803 to €33,899
- Taxes -€5,039
down €5,039 (-39.1%), from €12,871 to €7,832
- Depreciation -€1,761
down €1,761 (-10.7%), from €16,471 to €14,710
- Financial income +€1,292
up €1,292 (+187%), from €692 to €1,984
- Other operating charges -€537
down €537 (-21.5%), from €2,497 to €1,960
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,309 | €95,700 | -€609 | -0.6% |
| Fixed assets | 21/28 | €22,919 | €8,209 | -€14,710 | -64.2% |
| Tangible fixed assets | 22/27 | €22,919 | €8,209 | -€14,710 | -64.2% |
| Land and buildings | 22 | €1,746 | €1,310 | -€437 | -25.0% |
| Plant, machinery and equipment | 23 | €544 | €214 | -€330 | -60.7% |
| Furniture and vehicles | 24 | €20,629 | €6,685 | -€13,944 | -67.6% |
| Current assets | 29/58 | €73,390 | €87,491 | +€14,101 | +19.2% |
| Amounts receivable within one year | 40/41 | €32,151 | €41,596 | +€9,445 | +29.4% |
| Trade receivables | 40 | €91 | €270 | +€179 | +198% |
| Other amounts receivable | 41 | €32,060 | €41,326 | +€9,266 | +28.9% |
| Cash at bank and in hand | 54/58 | €36,474 | €44,471 | +€7,996 | +21.9% |
| Deferred charges and accrued income | 490/1 | €4,765 | €1,424 | -€3,341 | -70.1% |
| Total equity and liabilities | 10/49 | €96,309 | €95,700 | -€609 | -0.6% |
| Equity | 10/15 | €73,449 | €83,889 | +€10,440 | +14.2% |
| Contributions | 10/11 | €29,700 | €29,700 | = | 0.0% |
| Reserves | 13 | €43,749 | €54,189 | +€10,440 | +23.9% |
| Non-distributable reserves | 130/1 | €2,970 | €2,970 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,970 | €2,970 | = | 0.0% |
| Distributable reserves | 133 | €40,779 | €51,219 | +€10,440 | +25.6% |
| Amounts payable | 17/49 | €22,859 | €11,811 | -€11,049 | -48.3% |
| Amounts payable within one year | 42/48 | €22,859 | €11,811 | -€11,049 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €3,720 | - | -€3,720 | |
| Financial debts | 43 | €2,539 | €2,381 | -€159 | -6.2% |
| Other loans | 439 | €2,539 | €2,381 | -€159 | -6.2% |
| Trade debts | 44 | €1,790 | €4,405 | +€2,616 | +146% |
| Suppliers | 440/4 | €1,790 | €4,405 | +€2,616 | +146% |
| Taxes, remuneration and social security | 45 | €14,811 | €2,403 | -€12,408 | -83.8% |
| Taxes | 450/3 | €14,811 | €2,403 | -€12,408 | -83.8% |
| Other amounts payable | 47/48 | - | €2,621 | +€2,621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,471 | €14,710 | -€1,761 | -10.7% |
| Other operating charges | 640/8 | €2,497 | €1,960 | -€537 | -21.5% |
| Gross operating margin | 9900 | €45,803 | €33,899 | -€11,904 | -26.0% |
| Operating profit (loss) | 9901 | €26,834 | €17,229 | -€9,605 | -35.8% |
| Financial income | 75/76B | €692 | €1,984 | +€1,292 | +187% |
| Recurring financial income | 75 | €692 | €1,984 | +€1,292 | +187% |
| Financial charges | 65/66B | €970 | €941 | -€29 | -3.0% |
| Recurring financial charges | 65 | €970 | €941 | -€29 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €26,556 | €18,272 | -€8,284 | -31.2% |
| Income taxes | 67/77 | €12,871 | €7,832 | -€5,039 | -39.1% |
| Profit (loss) for the period | 9904 | €13,684 | €10,440 | -€3,245 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,684 | €10,440 | -€3,245 | -23.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.