STEVEN VAN GANSBEKE: 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.
STEVEN VAN GANSBEKE
Largest movements
- Tangible fixed assets -€18,687
down €18,687 (-65.7%), from €28,423 to €9,737
- Receivables within one year +€17,867
up €17,867 (+142%), from €12,606 to €30,473
of which Trade receivables: +€11,024
- Cash +€17,194
up €17,194 (+468%), from €3,671 to €20,865
mainly Investment in fixed assets (net) (+€13,069) and Net result for the year (+€11,144)
- Profit (loss) carried forward +€11,144
up €11,144 (+41.1%), from €27,091 to €38,235
- Trade debts +€10,009
up €10,009 (+152%), from €6,588 to €16,597
- Other debts -€5,109
no longer reported in 2025 (was €5,109)
- Gross operating margin -€14,847
down €14,847 (-34.0%), from €43,672 to €28,825
- Staff costs -€8,342
down €8,342 (-77.0%), from €10,837 to €2,495
- Depreciation -€4,999
down €4,999 (-47.1%), from €10,617 to €5,618
- Financial income -€1,723
down €1,723 (-70.0%), from €2,461 to €737
- Taxes -€1,702
down €1,702 (-28.8%), from €5,912 to €4,211
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 | €44,701 | €61,075 | +€16,374 | +36.6% |
| Fixed assets | 21/28 | €28,423 | €9,737 | -€18,687 | -65.7% |
| Tangible fixed assets | 22/27 | €28,423 | €9,737 | -€18,687 | -65.7% |
| Furniture and vehicles | 24 | €28,423 | €9,737 | -€18,687 | -65.7% |
| Current assets | 29/58 | €16,277 | €51,338 | +€35,061 | +215% |
| Amounts receivable within one year | 40/41 | €12,606 | €30,473 | +€17,867 | +142% |
| Trade receivables | 40 | €7,294 | €18,318 | +€11,024 | +151% |
| Other amounts receivable | 41 | €5,312 | €12,155 | +€6,843 | +129% |
| Cash at bank and in hand | 54/58 | €3,671 | €20,865 | +€17,194 | +468% |
| Total equity and liabilities | 10/49 | €44,701 | €61,075 | +€16,374 | +36.6% |
| Equity | 10/15 | €32,091 | €43,235 | +€11,144 | +34.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,091 | €38,235 | +€11,144 | +41.1% |
| Amounts payable | 17/49 | €12,610 | €17,839 | +€5,230 | +41.5% |
| Amounts payable within one year | 42/48 | €12,610 | €17,839 | +€5,230 | +41.5% |
| Trade debts | 44 | €6,588 | €16,597 | +€10,009 | +152% |
| Suppliers | 440/4 | €6,588 | €16,597 | +€10,009 | +152% |
| Taxes, remuneration and social security | 45 | €912 | €1,242 | +€330 | +36.2% |
| Taxes | 450/3 | €912 | €1,242 | +€330 | +36.2% |
| Other amounts payable | 47/48 | €5,109 | - | -€5,109 | |
| Remuneration, social security and pensions | 62 | €10,837 | €2,495 | -€8,342 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,617 | €5,618 | -€4,999 | -47.1% |
| Other operating charges | 640/8 | €1,317 | €1,280 | -€38 | -2.9% |
| Non-recurring operating charges | 66A | - | €4,631 | +€4,631 | |
| Gross operating margin | 9900 | €43,672 | €28,825 | -€14,847 | -34.0% |
| Operating profit (loss) | 9901 | €20,901 | €14,802 | -€6,099 | -29.2% |
| Financial income | 75/76B | €2,461 | €737 | -€1,723 | -70.0% |
| Recurring financial income | 75 | €2,461 | €737 | -€1,723 | -70.0% |
| Financial charges | 65/66B | €494 | €184 | -€310 | -62.7% |
| Recurring financial charges | 65 | €494 | €184 | -€310 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €22,868 | €15,355 | -€7,513 | -32.9% |
| Income taxes | 67/77 | €5,912 | €4,211 | -€1,702 | -28.8% |
| Profit (loss) for the period | 9904 | €16,956 | €11,144 | -€5,811 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,956 | €11,144 | -€5,811 | -34.3% |
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 18 October 2026 via checked.be.