Van den Steen: 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.
Van den Steen
Largest movements
- Receivables within one year -€14,418
down €14,418 (-35.6%), from €40,484 to €26,066
of which Trade receivables: -€14,614
- Debts after one year -€16,116
down €16,116 (-25.5%), from €63,201 to €47,085
- Profit (loss) carried forward -€14,241
down €14,241 (-47.6%), from -€29,930 to -€44,171
- Gross operating margin +€8,197
up €8,197 (+98.8%), from -€8,301 to -€104
- Depreciation -€1,603
down €1,603 (-17.4%), from €9,205 to €7,602
- Financial charges -€258
down €258 (-7.2%), from €3,563 to €3,305
- Other operating charges +€234
up €234 (+7.8%), from €2,996 to €3,230
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 | €791,957 | €764,610 | -€27,347 | -3.5% |
| Fixed assets | 21/28 | €726,800 | €719,891 | -€6,909 | -1.0% |
| Tangible fixed assets | 22/27 | €127,925 | €121,016 | -€6,909 | -5.4% |
| Land and buildings | 22 | €126,006 | €119,700 | -€6,306 | -5.0% |
| Furniture and vehicles | 24 | €1,919 | €1,316 | -€603 | -31.4% |
| Financial fixed assets | 28 | €598,875 | €598,875 | = | 0.0% |
| Current assets | 29/58 | €65,158 | €44,719 | -€20,438 | -31.4% |
| Amounts receivable within one year | 40/41 | €40,484 | €26,066 | -€14,418 | -35.6% |
| Trade receivables | 40 | €40,394 | €25,779 | -€14,614 | -36.2% |
| Other amounts receivable | 41 | €90 | €287 | +€196 | +217% |
| Cash at bank and in hand | 54/58 | €24,673 | €18,653 | -€6,020 | -24.4% |
| Total equity and liabilities | 10/49 | €791,957 | €764,610 | -€27,347 | -3.5% |
| Equity | 10/15 | €664,374 | €650,133 | -€14,241 | -2.1% |
| Contributions | 10/11 | €678,400 | €678,400 | = | 0.0% |
| Reserves | 13 | €15,904 | €15,904 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €15,904 | €15,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,930 | -€44,171 | -€14,241 | -47.6% |
| Amounts payable | 17/49 | €127,583 | €114,477 | -€13,106 | -10.3% |
| Amounts payable after more than one year | 17 | €63,201 | €47,085 | -€16,116 | -25.5% |
| Financial debts | 170/4 | €63,201 | €47,085 | -€16,116 | -25.5% |
| Amounts payable within one year | 42/48 | €64,015 | €67,392 | +€3,377 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €15,526 | €16,116 | +€590 | +3.8% |
| Trade debts | 44 | €8,004 | €9,540 | +€1,536 | +19.2% |
| Suppliers | 440/4 | €8,004 | €9,540 | +€1,536 | +19.2% |
| Taxes, remuneration and social security | 45 | €5,572 | €5,903 | +€331 | +5.9% |
| Taxes | 450/3 | €5,572 | €5,903 | +€331 | +5.9% |
| Other amounts payable | 47/48 | €34,913 | €35,833 | +€920 | +2.6% |
| Accrued charges and deferred income | 492/3 | €367 | €0 | -€367 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,205 | €7,602 | -€1,603 | -17.4% |
| Other operating charges | 640/8 | €2,996 | €3,230 | +€234 | +7.8% |
| Gross operating margin | 9900 | -€8,301 | -€104 | +€8,197 | +98.8% |
| Operating profit (loss) | 9901 | -€20,502 | -€10,937 | +€9,566 | +46.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,563 | €3,305 | -€258 | -7.2% |
| Recurring financial charges | 65 | €3,563 | €3,305 | -€258 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,065 | -€14,241 | +€9,824 | +40.8% |
| Profit (loss) for the period | 9904 | -€24,065 | -€14,241 | +€9,824 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,065 | -€14,241 | +€9,824 | +40.8% |
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 26 October 2026 via checked.be.