RUBEN 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.
RUBEN VANSTEENKISTE
Largest movements
- Cash -€11,215
down €11,215 (-37.6%), from €29,855 to €18,640
mainly Contributions, distributions and other (-€35,000) and Receivables within one year (-€6,559)
- Receivables within one year +€6,559
up €6,559 (+318%), from €2,059 to €8,618
- Current investments +€5,000
new in 2025: €5,000
- Tangible fixed assets -€2,046
down €2,046 (-27.0%), from €7,580 to €5,535
of which Land and buildings: -€1,447
- Other debts -€4,975
down €4,975 (-13.8%), from €36,075 to €31,101
- Tax, wage and social debts +€3,570
up €3,570 (+213%), from €1,680 to €5,250
of which Taxes: +€5,250
- Reserves -€465
down €465 (-19.8%), from €2,352 to €1,887
- Gross operating margin +€7,003
up €7,003 (+15.8%), from €44,236 to €51,239
- Taxes +€2,441
up €2,441 (+27.3%), from €8,941 to €11,382
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 | €41,608 | €40,008 | -€1,600 | -3.8% |
| Fixed assets | 21/28 | €7,580 | €5,535 | -€2,046 | -27.0% |
| Tangible fixed assets | 22/27 | €7,580 | €5,535 | -€2,046 | -27.0% |
| Land and buildings | 22 | €6,102 | €4,655 | -€1,447 | -23.7% |
| Furniture and vehicles | 24 | €1,478 | €880 | -€599 | -40.5% |
| Current assets | 29/58 | €34,027 | €34,473 | +€446 | +1.3% |
| Amounts receivable within one year | 40/41 | €2,059 | €8,618 | +€6,559 | +318% |
| Other amounts receivable | 41 | €2,059 | €8,618 | +€6,559 | +318% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €29,855 | €18,640 | -€11,215 | -37.6% |
| Deferred charges and accrued income | 490/1 | €2,113 | €2,216 | +€102 | +4.8% |
| Total equity and liabilities | 10/49 | €41,608 | €40,008 | -€1,600 | -3.8% |
| Equity | 10/15 | €3,852 | €3,387 | -€465 | -12.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €2,352 | €1,887 | -€465 | -19.8% |
| Distributable reserves | 133 | €2,352 | €1,887 | -€465 | -19.8% |
| Amounts payable | 17/49 | €37,755 | €36,621 | -€1,134 | -3.0% |
| Amounts payable within one year | 42/48 | €37,755 | €36,621 | -€1,134 | -3.0% |
| Trade debts | 44 | - | €270 | +€270 | |
| Suppliers | 440/4 | - | €270 | +€270 | |
| Taxes, remuneration and social security | 45 | €1,680 | €5,250 | +€3,570 | +213% |
| Taxes | 450/3 | - | €5,250 | +€5,250 | |
| Remuneration and social security | 454/9 | €1,680 | - | -€1,680 | |
| Other amounts payable | 47/48 | €36,075 | €31,101 | -€4,975 | -13.8% |
| Remuneration, social security and pensions | 62 | €1,760 | €1,760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €2,046 | +€315 | +18.2% |
| Other operating charges | 640/8 | €954 | €1,413 | +€459 | +48.1% |
| Gross operating margin | 9900 | €44,236 | €51,239 | +€7,003 | +15.8% |
| Operating profit (loss) | 9901 | €39,791 | €46,020 | +€6,229 | +15.7% |
| Financial charges | 65/66B | €101 | €104 | +€2 | +2.4% |
| Recurring financial charges | 65 | €101 | €104 | +€2 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €39,690 | €45,917 | +€6,226 | +15.7% |
| Income taxes | 67/77 | €8,941 | €11,382 | +€2,441 | +27.3% |
| Profit (loss) for the period | 9904 | €30,750 | €34,535 | +€3,785 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,750 | €34,535 | +€3,785 | +12.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.