KINE VANSTEENVOORT: 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.
KINE VANSTEENVOORT
Largest movements
- Current investments +€48,473
up €48,473 (+13.6%), from €357,516 to €405,989
- Reserves +€174,329
up €174,329 (+42.3%), from €412,276 to €586,605
- Other debts -€101,641
down €101,641 (-90.5%), from €112,272 to €10,631
- Debts after one year -€26,924
down €26,924 (-21.4%), from €126,069 to €99,145
- Tax, wage and social debts +€16,749
up €16,749 (+25.1%), from €66,715 to €83,464
- Accrued charges and deferred income -€9,526
down €9,526 (-39.7%), from €23,989 to €14,463
- Gross operating margin +€92,227
up €92,227 (+50.3%), from €183,518 to €275,745
- Taxes +€33,976
up €33,976 (+68.6%), from €49,510 to €83,486
- Financial income +€16,553
up €16,553 (+295%), from €5,615 to €22,168
- Financial charges +€7,328
up €7,328 (+372%), from €1,970 to €9,298
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 | €787,229 | €842,665 | +€55,436 | +7.0% |
| Fixed assets | 21/28 | €337,404 | €336,276 | -€1,128 | -0.3% |
| Tangible fixed assets | 22/27 | €337,404 | €336,276 | -€1,128 | -0.3% |
| Land and buildings | 22 | €328,885 | €312,013 | -€16,872 | -5.1% |
| Plant, machinery and equipment | 23 | €6,483 | €6,438 | -€45 | -0.7% |
| Furniture and vehicles | 24 | €2,037 | €17,825 | +€15,789 | +775% |
| Current assets | 29/58 | €449,825 | €506,389 | +€56,564 | +12.6% |
| Amounts receivable within one year | 40/41 | - | €392 | +€392 | |
| Trade receivables | 40 | - | €392 | +€392 | |
| Current investments | 50/53 | €357,516 | €405,989 | +€48,473 | +13.6% |
| Cash at bank and in hand | 54/58 | €83,600 | €91,467 | +€7,867 | +9.4% |
| Deferred charges and accrued income | 490/1 | €8,709 | €8,541 | -€168 | -1.9% |
| Total equity and liabilities | 10/49 | €787,229 | €842,665 | +€55,436 | +7.0% |
| Equity | 10/15 | €428,523 | €602,852 | +€174,329 | +40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €412,276 | €586,605 | +€174,329 | +42.3% |
| Distributable reserves | 133 | €412,276 | €586,605 | +€174,329 | +42.3% |
| Profit (loss) carried forward | 14 | €10,047 | €10,047 | = | 0.0% |
| Amounts payable | 17/49 | €358,706 | €239,813 | -€118,893 | -33.1% |
| Amounts payable after more than one year | 17 | €126,069 | €99,145 | -€26,924 | -21.4% |
| Financial debts | 170/4 | €126,069 | €99,145 | -€26,924 | -21.4% |
| Amounts payable within one year | 42/48 | €208,647 | €126,205 | -€82,443 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €26,326 | €26,924 | +€599 | +2.3% |
| Trade debts | 44 | €3,335 | €5,185 | +€1,851 | +55.5% |
| Suppliers | 440/4 | €3,335 | €5,185 | +€1,851 | +55.5% |
| Taxes, remuneration and social security | 45 | €66,715 | €83,464 | +€16,749 | +25.1% |
| Taxes | 450/3 | €66,715 | €83,464 | +€16,749 | +25.1% |
| Other amounts payable | 47/48 | €112,272 | €10,631 | -€101,641 | -90.5% |
| Accrued charges and deferred income | 492/3 | €23,989 | €14,463 | -€9,526 | -39.7% |
| Non-recurring operating income | 76A | - | €4,805 | +€4,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,003 | €27,700 | +€1,697 | +6.5% |
| Other operating charges | 640/8 | €3,423 | €3,100 | -€323 | -9.4% |
| Gross operating margin | 9900 | €183,518 | €275,745 | +€92,227 | +50.3% |
| Operating profit (loss) | 9901 | €154,092 | €244,945 | +€90,853 | +59.0% |
| Financial income | 75/76B | €5,615 | €22,168 | +€16,553 | +295% |
| Recurring financial income | 75 | €5,615 | €22,168 | +€16,553 | +295% |
| Financial charges | 65/66B | €1,970 | €9,298 | +€7,328 | +372% |
| Recurring financial charges | 65 | €1,970 | €9,298 | +€7,328 | +372% |
| Profit (loss) for the period before taxes | 9903 | €157,737 | €257,815 | +€100,078 | +63.4% |
| Income taxes | 67/77 | €49,510 | €83,486 | +€33,976 | +68.6% |
| Profit (loss) for the period | 9904 | €108,227 | €174,329 | +€66,102 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,227 | €174,329 | +€66,102 | +61.1% |
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.