JAN VANSTEENKISTE: 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.
JAN VANSTEENKISTE
Largest movements
- Current investments +€11,745
up €11,745 (+17.5%), from €67,066 to €78,810
- Receivables within one year +€2,112
up €2,112 (+8.5%), from €24,874 to €26,986
of which Other amounts receivable: +€4,301
- Reserves +€32,446
up €32,446 (+52.9%), from €61,303 to €93,749
- Other debts -€19,092
down €19,092 (-29.8%), from €63,974 to €44,883
- Accrued charges and deferred income +€6,336
up €6,336 (+232%), from €2,726 to €9,061
- Debts after one year -€5,281
down €5,281 (-36.9%), from €14,318 to €9,037
- Trade debts +€2,227
up €2,227 (+28.9%), from €7,699 to €9,926
- Gross operating margin -€29,550
down €29,550 (-30.7%), from €96,398 to €66,848
- Taxes -€10,625
down €10,625 (-38.2%), from €27,829 to €17,204
- Financial charges +€2,585
up €2,585 (+142%), from €1,816 to €4,400
- Depreciation +€1,133
up €1,133 (+11.7%), from €9,653 to €10,786
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 | €163,711 | €179,644 | +€15,933 | +9.7% |
| Fixed assets | 21/28 | €31,354 | €31,189 | -€165 | -0.5% |
| Tangible fixed assets | 22/27 | €30,754 | €30,589 | -€165 | -0.5% |
| Land and buildings | 22 | €23,615 | €17,190 | -€6,425 | -27.2% |
| Plant, machinery and equipment | 23 | €6,248 | €12,964 | +€6,716 | +107% |
| Furniture and vehicles | 24 | €891 | €434 | -€457 | -51.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €132,357 | €148,455 | +€16,098 | +12.2% |
| Amounts receivable within one year | 40/41 | €24,874 | €26,986 | +€2,112 | +8.5% |
| Trade receivables | 40 | €24,568 | €22,380 | -€2,188 | -8.9% |
| Other amounts receivable | 41 | €305 | €4,606 | +€4,301 | +1,409% |
| Current investments | 50/53 | €67,066 | €78,810 | +€11,745 | +17.5% |
| Cash at bank and in hand | 54/58 | €38,054 | €39,725 | +€1,671 | +4.4% |
| Deferred charges and accrued income | 490/1 | €2,363 | €2,933 | +€570 | +24.1% |
| Total equity and liabilities | 10/49 | €163,711 | €179,644 | +€15,933 | +9.7% |
| Equity | 10/15 | €62,710 | €95,156 | +€32,446 | +51.7% |
| Contributions | 10/11 | €311 | €311 | = | 0.0% |
| Reserves | 13 | €61,303 | €93,749 | +€32,446 | +52.9% |
| Distributable reserves | 133 | €61,303 | €93,749 | +€32,446 | +52.9% |
| Profit (loss) carried forward | 14 | €1,097 | €1,097 | = | 0.0% |
| Amounts payable | 17/49 | €101,001 | €84,488 | -€16,514 | -16.3% |
| Amounts payable after more than one year | 17 | €14,318 | €9,037 | -€5,281 | -36.9% |
| Financial debts | 170/4 | €14,318 | €9,037 | -€5,281 | -36.9% |
| Amounts payable within one year | 42/48 | €83,958 | €66,389 | -€17,568 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €5,177 | €5,281 | +€104 | +2.0% |
| Trade debts | 44 | €7,699 | €9,926 | +€2,227 | +28.9% |
| Suppliers | 440/4 | €7,699 | €9,926 | +€2,227 | +28.9% |
| Taxes, remuneration and social security | 45 | €7,107 | €6,300 | -€807 | -11.4% |
| Taxes | 450/3 | €7,107 | €6,300 | -€807 | -11.4% |
| Other amounts payable | 47/48 | €63,974 | €44,883 | -€19,092 | -29.8% |
| Accrued charges and deferred income | 492/3 | €2,726 | €9,061 | +€6,336 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,653 | €10,786 | +€1,133 | +11.7% |
| Other operating charges | 640/8 | €662 | €810 | +€149 | +22.5% |
| Gross operating margin | 9900 | €96,398 | €66,848 | -€29,550 | -30.7% |
| Operating profit (loss) | 9901 | €86,084 | €55,252 | -€30,832 | -35.8% |
| Financial income | 75/76B | €36 | €465 | +€430 | +1,210% |
| Recurring financial income | 75 | €36 | €465 | +€430 | +1,210% |
| Financial charges | 65/66B | €1,816 | €4,400 | +€2,585 | +142% |
| Recurring financial charges | 65 | €1,816 | €4,400 | +€2,585 | +142% |
| Profit (loss) for the period before taxes | 9903 | €84,304 | €51,317 | -€32,987 | -39.1% |
| Income taxes | 67/77 | €27,829 | €17,204 | -€10,625 | -38.2% |
| Profit (loss) for the period | 9904 | €56,475 | €34,112 | -€22,362 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,475 | €34,112 | -€22,362 | -39.6% |
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 29 October 2026 via checked.be.