LUC VAN STEERTEGEM: what changed
What changed
LUC VAN STEERTEGEM
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
-€8,498
2024 · €31,872-€40,370
Equity
-€45,132
2024 · -€36,634-€8,498
Cash
€7,620
2024 · €3,020+€4,600
Balance sheet total
€111,190
2024 · €87,345+€23,845
Largest movements
Assets
- Tangible fixed assets +€44,892
up €44,892 (+341%), from €13,171 to €58,063
of which Furniture and vehicles: +€25,535
- Receivables within one year -€25,976
down €25,976 (-43.5%), from €59,651 to €33,675
of which Trade receivables: -€25,460
- Cash +€4,600
up €4,600 (+152%), from €3,020 to €7,620
mainly Trade debts (+€31,144) and Receivables within one year (+€25,976)
Equity and liabilities
- Trade debts +€31,144
up €31,144 (+65.1%), from €47,836 to €78,980
- Short-term financial debts -€24,330
down €24,330 (-98.9%), from €24,590 to €259
- Debts after one year +€22,539
up €22,539 (+1,175%), from €1,918 to €24,457
- Tax, wage and social debts -€10,774
down €10,774 (-40.4%), from €26,694 to €15,920
of which Taxes: -€11,554
- Current portion of long-term debt +€8,734
up €8,734 (+43.6%), from €20,019 to €28,753
Income statement
- Gross operating margin -€37,752
down €37,752 (-19.9%), from €190,149 to €152,397
- Taxes -€10,621
down €10,621 (-97.3%), from €10,918 to €297
- Staff costs +€6,483
up €6,483 (+4.9%), from €132,066 to €138,549
- Depreciation +€5,934
up €5,934 (+115%), from €5,140 to €11,075
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.
Result 2024
€31,872
Gross operating margin
-€37,752
Staff costs
-€6,483
Depreciation
-€5,934
Other operating charges
-€67
Financial income
-€472
Financial charges
-€282
Taxes
+€10,621
Result 2025
-€8,498
raises the resultlowers the result
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.
From operations
+€53,624
Investment
-€55,967
Financing
+€6,943
Cash 2024
€3,020
From operations (derived)
+€53,624
Net result for the year
-€8,498
Depreciation
+€11,075
Stocks and contracts
-€278
Receivables within one year
+€25,976
Deferred charges and accrued income
-€51
Trade debts
+€31,144
Tax, wage and social debts
-€10,774
Other debts
+€5,031
Investment (derived)
-€55,967
Investment in fixed assets (net)
-€55,967
Financing
+€6,943
Debts after one year
+€22,539
Current portion of long-term debt
+€8,734
Short-term financial debts
-€24,330
Cash 2025
€7,620
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,345 | €111,190 | +€23,845 | +27.3% |
| Fixed assets | 21/28 | €16,570 | €61,463 | +€44,892 | +271% |
| Tangible fixed assets | 22/27 | €13,171 | €58,063 | +€44,892 | +341% |
| Plant, machinery and equipment | 23 | €6,967 | €26,561 | +€19,595 | +281% |
| Furniture and vehicles | 24 | €2,707 | €28,242 | +€25,535 | +943% |
| Other tangible fixed assets | 26 | €3,497 | €3,260 | -€237 | -6.8% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €70,775 | €49,727 | -€21,048 | -29.7% |
| Stocks and contracts in progress | 3 | €6,359 | €6,637 | +€278 | +4.4% |
| Stocks | 30/36 | €6,359 | €6,637 | +€278 | +4.4% |
| Amounts receivable within one year | 40/41 | €59,651 | €33,675 | -€25,976 | -43.5% |
| Trade receivables | 40 | €43,311 | €17,851 | -€25,460 | -58.8% |
| Other amounts receivable | 41 | €16,340 | €15,824 | -€516 | -3.2% |
| Cash at bank and in hand | 54/58 | €3,020 | €7,620 | +€4,600 | +152% |
| Deferred charges and accrued income | 490/1 | €1,745 | €1,795 | +€51 | +2.9% |
| Total equity and liabilities | 10/49 | €87,345 | €111,190 | +€23,845 | +27.3% |
| Equity | 10/15 | -€36,634 | -€45,132 | -€8,498 | -23.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €100,706 | €100,706 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €90,706 | €90,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,932 | -€164,430 | -€8,498 | -5.4% |
| Amounts payable | 17/49 | €123,979 | €156,322 | +€32,343 | +26.1% |
| Amounts payable after more than one year | 17 | €1,918 | €24,457 | +€22,539 | +1,175% |
| Financial debts | 170/4 | €1,918 | €24,457 | +€22,539 | +1,175% |
| Amounts payable within one year | 42/48 | €119,741 | €129,545 | +€9,803 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €20,019 | €28,753 | +€8,734 | +43.6% |
| Financial debts | 43 | €24,590 | €259 | -€24,330 | -98.9% |
| Credit institutions | 430/8 | €24,590 | €259 | -€24,330 | -98.9% |
| Trade debts | 44 | €47,836 | €78,980 | +€31,144 | +65.1% |
| Suppliers | 440/4 | €47,836 | €78,980 | +€31,144 | +65.1% |
| Taxes, remuneration and social security | 45 | €26,694 | €15,920 | -€10,774 | -40.4% |
| Taxes | 450/3 | €22,518 | €10,964 | -€11,554 | -51.3% |
| Remuneration and social security | 454/9 | €4,176 | €4,956 | +€780 | +18.7% |
| Other amounts payable | 47/48 | €602 | €5,633 | +€5,031 | +835% |
| Accrued charges and deferred income | 492/3 | €2,320 | €2,320 | = | 0.0% |
| Non-recurring operating income | 76A | €804 | €0 | -€804 | -100% |
| Remuneration, social security and pensions | 62 | €132,066 | €138,549 | +€6,483 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,140 | €11,075 | +€5,934 | +115% |
| Other operating charges | 640/8 | €3,154 | €3,221 | +€67 | +2.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €190,149 | €152,397 | -€37,752 | -19.9% |
| Operating profit (loss) | 9901 | €49,789 | -€449 | -€50,237 | |
| Financial income | 75/76B | €809 | €337 | -€472 | -58.3% |
| Recurring financial income | 75 | €809 | €337 | -€472 | -58.3% |
| Financial charges | 65/66B | €7,808 | €8,089 | +€282 | +3.6% |
| Recurring financial charges | 65 | €7,808 | €8,089 | +€282 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €42,790 | -€8,201 | -€50,991 | |
| Income taxes | 67/77 | €10,918 | €297 | -€10,621 | -97.3% |
| Profit (loss) for the period | 9904 | €31,872 | -€8,498 | -€40,370 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,872 | -€8,498 | -€40,370 |
Next steps
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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 8 November 2026 via checked.be.