GROEP VANSTAPEL: 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.
GROEP VANSTAPEL
Largest movements
- Cash +€102,178
up €102,178 (+51.9%), from €196,733 to €298,911
mainly Net result for the year (+€110,496) and Depreciation (+€68,084)
- Tangible fixed assets -€54,559
down €54,559 (-10.0%), from €544,735 to €490,176
of which Land and buildings: -€50,304
- Receivables within one year -€45,486
down €45,486 (-12.2%), from €372,881 to €327,395
of which Other amounts receivable: -€40,144
- Reserves +€110,496
up €110,496 (+11.6%), from €951,289 to €1.1m
of which Distributable reserves: +€110,496
- Other debts -€82,617
no longer reported in 2025 (was €82,617)
- Tax, wage and social debts -€31,299
down €31,299 (-40.2%), from €77,880 to €46,581
of which Taxes: -€27,780
- Current portion of long-term debt +€20,229
new in 2025: €20,229
- Short-term financial debts -€17,129
no longer reported in 2025 (was €17,129)
- Financial income -€20,488
down €20,488 (-91.6%), from €22,363 to €1,875
- Gross operating margin -€17,622
down €17,622 (-3.5%), from €505,907 to €488,285
- Staff costs +€9,753
up €9,753 (+4.1%), from €240,009 to €249,762
- Taxes +€8,511
up €8,511 (+19.8%), from €43,036 to €51,547
- Other operating charges +€5,968
up €5,968 (+217%), from €2,755 to €8,723
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 | €1,322,926 | €1,330,630 | +€7,705 | +0.6% |
| Fixed assets | 21/28 | €567,635 | €513,076 | -€54,559 | -9.6% |
| Tangible fixed assets | 22/27 | €544,735 | €490,176 | -€54,559 | -10.0% |
| Land and buildings | 22 | €457,199 | €406,895 | -€50,304 | -11.0% |
| Plant, machinery and equipment | 23 | €2,466 | €9,001 | +€6,534 | +265% |
| Furniture and vehicles | 24 | €65,769 | €54,980 | -€10,789 | -16.4% |
| Other tangible fixed assets | 26 | €19,300 | €19,300 | = | 0.0% |
| Financial fixed assets | 28 | €22,900 | €22,900 | = | 0.0% |
| Current assets | 29/58 | €755,291 | €817,555 | +€62,264 | +8.2% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €372,881 | €327,395 | -€45,486 | -12.2% |
| Trade receivables | 40 | €5,342 | - | -€5,342 | |
| Other amounts receivable | 41 | €367,539 | €327,395 | -€40,144 | -10.9% |
| Cash at bank and in hand | 54/58 | €196,733 | €298,911 | +€102,178 | +51.9% |
| Deferred charges and accrued income | 490/1 | €65,677 | €71,249 | +€5,572 | +8.5% |
| Total equity and liabilities | 10/49 | €1,322,926 | €1,330,630 | +€7,705 | +0.6% |
| Equity | 10/15 | €1,013,262 | €1,123,758 | +€110,496 | +10.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €951,289 | €1,061,785 | +€110,496 | +11.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,187 | €25,187 | = | 0.0% |
| Distributable reserves | 133 | €919,905 | €1,030,401 | +€110,496 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €128,084 | €128,084 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €128,084 | €128,084 | = | 0.0% |
| Pensions and similar obligations | 160 | €128,084 | €128,084 | = | 0.0% |
| Amounts payable | 17/49 | €181,580 | €78,788 | -€102,792 | -56.6% |
| Amounts payable within one year | 42/48 | €181,580 | €78,788 | -€102,792 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | - | €20,229 | +€20,229 | |
| Financial debts | 43 | €17,129 | - | -€17,129 | |
| Credit institutions | 430/8 | €17,129 | - | -€17,129 | |
| Trade debts | 44 | €3,954 | €11,978 | +€8,025 | +203% |
| Suppliers | 440/4 | €3,954 | €11,978 | +€8,025 | +203% |
| Taxes, remuneration and social security | 45 | €77,880 | €46,581 | -€31,299 | -40.2% |
| Taxes | 450/3 | €44,759 | €16,978 | -€27,780 | -62.1% |
| Remuneration and social security | 454/9 | €33,122 | €29,603 | -€3,519 | -10.6% |
| Other amounts payable | 47/48 | €82,617 | - | -€82,617 | |
| Remuneration, social security and pensions | 62 | €240,009 | €249,762 | +€9,753 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,778 | €68,084 | +€3,306 | +5.1% |
| Other operating charges | 640/8 | €2,755 | €8,723 | +€5,968 | +217% |
| Non-recurring operating charges | 66A | €3,355 | - | -€3,355 | |
| Gross operating margin | 9900 | €505,907 | €488,285 | -€17,622 | -3.5% |
| Operating profit (loss) | 9901 | €195,011 | €161,716 | -€33,295 | -17.1% |
| Financial income | 75/76B | €22,363 | €1,875 | -€20,488 | -91.6% |
| Recurring financial income | 75 | €22,363 | €1,875 | -€20,488 | -91.6% |
| Financial charges | 65/66B | €1,945 | €1,547 | -€397 | -20.4% |
| Recurring financial charges | 65 | €1,945 | €1,547 | -€397 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €215,429 | €162,043 | -€53,385 | -24.8% |
| Income taxes | 67/77 | €43,036 | €51,547 | +€8,511 | +19.8% |
| Profit (loss) for the period | 9904 | €172,392 | €110,496 | -€61,896 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €172,392 | €110,496 | -€61,896 | -35.9% |
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 24 October 2026 via checked.be.