Peter 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.
Peter Vansteenkiste
Largest movements
- Cash +€48,862
up €48,862 (+23.1%), from €211,397 to €260,259
mainly Net result for the year (+€117,940) and Depreciation (+€26,460)
- Tangible fixed assets -€26,460
down €26,460 (-30.5%), from €86,732 to €60,272
- Receivables after one year -€19,188
down €19,188 (-100.0%), from €19,188 to €0
- Current investments +€10,565
up €10,565 (+4.2%), from €249,066 to €259,631
- Receivables within one year -€10,433
down €10,433 (-48.6%), from €21,447 to €11,014
of which Other amounts receivable: -€7,482
- Other debts -€122,586
down €122,586 (-92.0%), from €133,260 to €10,673
- Reserves +€117,940
up €117,940 (+27.9%), from €422,649 to €540,589
of which Distributable reserves: +€117,940
- Tax, wage and social debts +€10,554
up €10,554 (+96.7%), from €10,913 to €21,466
- Gross operating margin +€5,976
up €5,976 (+3.5%), from €171,515 to €177,491
- Financial income +€4,169
up €4,169 (+42.3%), from €9,856 to €14,024
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.
Cash bridge derived
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 | €591,324 | €595,289 | +€3,965 | +0.7% |
| Fixed assets | 21/28 | €86,732 | €60,272 | -€26,460 | -30.5% |
| Tangible fixed assets | 22/27 | €86,732 | €60,272 | -€26,460 | -30.5% |
| Furniture and vehicles | 24 | €86,732 | €60,272 | -€26,460 | -30.5% |
| Current assets | 29/58 | €504,592 | €535,017 | +€30,425 | +6.0% |
| Amounts receivable after more than one year | 29 | €19,188 | €0 | -€19,188 | -100.0% |
| Other amounts receivable | 291 | €19,188 | €0 | -€19,188 | -100.0% |
| Amounts receivable within one year | 40/41 | €21,447 | €11,014 | -€10,433 | -48.6% |
| Trade receivables | 40 | €3,147 | €195 | -€2,951 | -93.8% |
| Other amounts receivable | 41 | €18,301 | €10,818 | -€7,482 | -40.9% |
| Current investments | 50/53 | €249,066 | €259,631 | +€10,565 | +4.2% |
| Cash at bank and in hand | 54/58 | €211,397 | €260,259 | +€48,862 | +23.1% |
| Deferred charges and accrued income | 490/1 | €3,493 | €4,113 | +€620 | +17.7% |
| Total equity and liabilities | 10/49 | €591,324 | €595,289 | +€3,965 | +0.7% |
| Equity | 10/15 | €441,249 | €559,189 | +€117,940 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €422,649 | €540,589 | +€117,940 | +27.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,286 | €1,286 | = | 0.0% |
| Distributable reserves | 133 | €419,504 | €537,443 | +€117,940 | +28.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,075 | €36,100 | -€113,974 | -75.9% |
| Amounts payable within one year | 42/48 | €150,075 | €36,100 | -€113,974 | -75.9% |
| Financial debts | 43 | €215 | €1,338 | +€1,123 | +523.6% |
| Credit institutions | 430/8 | €215 | €1,338 | +€1,123 | +523.6% |
| Trade debts | 44 | €5,688 | €2,623 | -€3,065 | -53.9% |
| Suppliers | 440/4 | €5,688 | €2,623 | -€3,065 | -53.9% |
| Taxes, remuneration and social security | 45 | €10,913 | €21,466 | +€10,554 | +96.7% |
| Taxes | 450/3 | €10,913 | €21,466 | +€10,554 | +96.7% |
| Other amounts payable | 47/48 | €133,260 | €10,673 | -€122,586 | -92.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,381 | €26,460 | +€79 | +0.3% |
| Other operating charges | 640/8 | €1,440 | €1,736 | +€296 | +20.6% |
| Gross operating margin | 9900 | €171,515 | €177,491 | +€5,976 | +3.5% |
| Operating profit (loss) | 9901 | €143,694 | €149,296 | +€5,602 | +3.9% |
| Financial income | 75/76B | €9,856 | €14,024 | +€4,169 | +42.3% |
| Recurring financial income | 75 | €9,856 | €14,024 | +€4,169 | +42.3% |
| Financial charges | 65/66B | €680 | €845 | +€164 | +24.2% |
| Recurring financial charges | 65 | €680 | €845 | +€164 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €152,870 | €162,475 | +€9,606 | +6.3% |
| Income taxes | 67/77 | €45,965 | €44,536 | -€1,429 | -3.1% |
| Profit (loss) for the period | 9904 | €106,905 | €117,940 | +€11,035 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,905 | €117,940 | +€11,035 | +10.3% |
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 10 October 2026 via checked.be.