Schilderwerken Vansteelandt: what changed
What changed
Schilderwerken Vansteelandt
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
€91,203
2024 · €83,375+€7,829
Equity
€296,812
2024 · €205,609+€91,203
Cash
€234,642
2024 · €184,402+€50,240
Balance sheet total
€606,266
2024 · €542,779+€63,488
Largest movements
Assets
- Cash +€50,240
up €50,240 (+27.2%), from €184,402 to €234,642
mainly Net result for the year (+€91,203) and Depreciation (+€35,758)
- Receivables within one year +€36,032
up €36,032 (+203%), from €17,789 to €53,821
of which Other amounts receivable: +€20,856
- Tangible fixed assets -€23,628
down €23,628 (-7.1%), from €331,092 to €307,464
of which Furniture and vehicles: -€15,354
Equity and liabilities
- Reserves +€91,203
up €91,203 (+45.5%), from €200,609 to €291,812
- Debts after one year -€26,844
down €26,844 (-10.5%), from €255,971 to €229,127
- Tax, wage and social debts +€7,405
up €7,405 (+20.8%), from €35,586 to €42,990
of which Taxes: +€8,253
Income statement
- Gross operating margin +€78,331
up €78,331 (+46.7%), from €167,701 to €246,032
- Staff costs +€66,776
up €66,776 (+834%), from €8,011 to €74,788
- Taxes +€2,662
up €2,662 (+8.6%), from €30,869 to €33,531
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
€83,375
Gross operating margin
+€78,331
Staff costs
-€66,776
Depreciation
-€1,833
Other operating charges
-€452
Financial income
-€143
Financial charges
+€1,364
Taxes
-€2,662
Result 2025
€91,203
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
+€94,349
Investment
-€11,880
Financing
-€32,229
Cash 2024
€184,402
From operations (derived)
+€94,349
Net result for the year
+€91,203
Depreciation
+€35,758
Stocks and contracts
+€405
Receivables within one year
-€36,032
Deferred charges and accrued income
-€1,499
Trade debts
-€2,891
Tax, wage and social debts
+€7,405
Investment (derived)
-€11,880
Investment in fixed assets (net)
-€11,880
Financing
-€32,229
Debts after one year
-€26,844
Current portion of long-term debt
-€5,385
Cash 2025
€234,642
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,779 | €606,266 | +€63,488 | +11.7% |
| Fixed assets | 21/28 | €334,209 | €310,331 | -€23,878 | -7.1% |
| Intangible fixed assets | 21 | €1,567 | €1,317 | -€250 | -16.0% |
| Tangible fixed assets | 22/27 | €331,092 | €307,464 | -€23,628 | -7.1% |
| Land and buildings | 22 | €258,079 | €249,805 | -€8,274 | -3.2% |
| Furniture and vehicles | 24 | €73,013 | €57,659 | -€15,354 | -21.0% |
| Financial fixed assets | 28 | €1,551 | €1,551 | = | 0.0% |
| Current assets | 29/58 | €208,569 | €295,935 | +€87,366 | +41.9% |
| Stocks and contracts in progress | 3 | €5,242 | €4,837 | -€405 | -7.7% |
| Stocks | 30/36 | €5,242 | €4,837 | -€405 | -7.7% |
| Amounts receivable within one year | 40/41 | €17,789 | €53,821 | +€36,032 | +203% |
| Trade receivables | 40 | €9,879 | €25,055 | +€15,176 | +154% |
| Other amounts receivable | 41 | €7,910 | €28,766 | +€20,856 | +264% |
| Cash at bank and in hand | 54/58 | €184,402 | €234,642 | +€50,240 | +27.2% |
| Deferred charges and accrued income | 490/1 | €1,136 | €2,635 | +€1,499 | +132% |
| Total equity and liabilities | 10/49 | €542,779 | €606,266 | +€63,488 | +11.7% |
| Equity | 10/15 | €205,609 | €296,812 | +€91,203 | +44.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,609 | €291,812 | +€91,203 | +45.5% |
| Distributable reserves | 133 | €200,609 | €291,812 | +€91,203 | +45.5% |
| Amounts payable | 17/49 | €337,170 | €309,454 | -€27,715 | -8.2% |
| Amounts payable after more than one year | 17 | €255,971 | €229,127 | -€26,844 | -10.5% |
| Financial debts | 170/4 | €255,971 | €229,127 | -€26,844 | -10.5% |
| Amounts payable within one year | 42/48 | €80,842 | €79,971 | -€871 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €32,229 | €26,844 | -€5,385 | -16.7% |
| Trade debts | 44 | €13,028 | €10,137 | -€2,891 | -22.2% |
| Suppliers | 440/4 | €13,028 | €10,137 | -€2,891 | -22.2% |
| Taxes, remuneration and social security | 45 | €35,586 | €42,990 | +€7,405 | +20.8% |
| Taxes | 450/3 | €33,247 | €41,500 | +€8,253 | +24.8% |
| Remuneration and social security | 454/9 | €2,339 | €1,491 | -€848 | -36.3% |
| Accrued charges and deferred income | 492/3 | €356 | €356 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €8,011 | €74,788 | +€66,776 | +834% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,925 | €35,758 | +€1,833 | +5.4% |
| Other operating charges | 640/8 | €1,042 | €1,494 | +€452 | +43.4% |
| Gross operating margin | 9900 | €167,701 | €246,032 | +€78,331 | +46.7% |
| Operating profit (loss) | 9901 | €124,723 | €133,992 | +€9,269 | +7.4% |
| Financial income | 75/76B | €1,138 | €994 | -€143 | -12.6% |
| Recurring financial income | 75 | €1,138 | €994 | -€143 | -12.6% |
| Financial charges | 65/66B | €11,617 | €10,252 | -€1,364 | -11.7% |
| Recurring financial charges | 65 | €11,617 | €10,252 | -€1,364 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €114,244 | €124,734 | +€10,490 | +9.2% |
| Income taxes | 67/77 | €30,869 | €33,531 | +€2,662 | +8.6% |
| Profit (loss) for the period | 9904 | €83,375 | €91,203 | +€7,829 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,375 | €91,203 | +€7,829 | +9.4% |
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 3 November 2026 via checked.be.