VAN DER STEDE LUC: 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 DER STEDE LUC
Largest movements
- Cash -€21,574
down €21,574 (-60.3%), from €35,770 to €14,197
mainly Investment in fixed assets (net) (-€19,631) and Receivables within one year (-€4,936)
- Tangible fixed assets +€16,527
up €16,527 (+2,048%), from €807 to €17,334
of which Furniture and vehicles: +€16,747
- Receivables within one year +€4,936
up €4,936 (+60.2%), from €8,199 to €13,135
of which Trade receivables: +€5,866
- Stocks and contracts -€1,588
down €1,588 (-40.1%), from €3,965 to €2,377
- Profit (loss) carried forward -€2,513
down €2,513 (-44.4%), from -€5,654 to -€8,166
- Other debts +€1,054
up €1,054 (+38.8%), from €2,720 to €3,775
- Gross operating margin +€5,564
up €5,564, from -€4,137 to €1,427
- Depreciation +€1,520
up €1,520 (+95.9%), from €1,584 to €3,104
- Taxes +€641
up €641, from -€626 to €14
- Other operating charges -€292
down €292 (-26.1%), from €1,117 to €826
- Financial income +€80
up €80 (+242%), from €33 to €113
of which Financial income: +€65
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 | €48,742 | €47,043 | -€1,699 | -3.5% |
| Fixed assets | 21/28 | €807 | €17,334 | +€16,527 | +2,048% |
| Tangible fixed assets | 22/27 | €807 | €17,334 | +€16,527 | +2,048% |
| Plant, machinery and equipment | 23 | €458 | €239 | -€219 | -47.9% |
| Furniture and vehicles | 24 | €349 | €17,096 | +€16,747 | +4,801% |
| Current assets | 29/58 | €47,935 | €29,709 | -€18,226 | -38.0% |
| Stocks and contracts in progress | 3 | €3,965 | €2,377 | -€1,588 | -40.1% |
| Stocks | 30/36 | €3,965 | €2,377 | -€1,588 | -40.1% |
| Amounts receivable within one year | 40/41 | €8,199 | €13,135 | +€4,936 | +60.2% |
| Trade receivables | 40 | €6,741 | €12,607 | +€5,866 | +87.0% |
| Other amounts receivable | 41 | €1,458 | €528 | -€930 | -63.8% |
| Cash at bank and in hand | 54/58 | €35,770 | €14,197 | -€21,574 | -60.3% |
| Total equity and liabilities | 10/49 | €48,742 | €47,043 | -€1,699 | -3.5% |
| Equity | 10/15 | €45,606 | €43,093 | -€2,513 | -5.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €38,859 | €38,859 | = | 0.0% |
| Distributable reserves | 133 | €38,859 | €38,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,654 | -€8,166 | -€2,513 | -44.4% |
| Amounts payable | 17/49 | €3,136 | €3,950 | +€814 | +26.0% |
| Amounts payable within one year | 42/48 | €3,136 | €3,950 | +€814 | +26.0% |
| Trade debts | 44 | €416 | €176 | -€240 | -57.8% |
| Suppliers | 440/4 | €416 | €176 | -€240 | -57.8% |
| Other amounts payable | 47/48 | €2,720 | €3,775 | +€1,054 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,584 | €3,104 | +€1,520 | +95.9% |
| Other operating charges | 640/8 | €1,117 | €826 | -€292 | -26.1% |
| Gross operating margin | 9900 | -€4,137 | €1,427 | +€5,564 | |
| Operating profit (loss) | 9901 | -€6,838 | -€2,503 | +€4,336 | +63.4% |
| Financial income | 75/76B | €33 | €113 | +€80 | +242% |
| Recurring financial income | 75 | €9 | €74 | +€65 | +733% |
| Non-recurring financial income | 76B | €24 | €39 | +€15 | +62.4% |
| Financial charges | 65/66B | €105 | €109 | +€3 | +3.1% |
| Recurring financial charges | 65 | €105 | €109 | +€3 | +3.1% |
| Non-recurring financial charges | 66B | €105 | €109 | +€3 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,911 | -€2,498 | +€4,412 | +63.8% |
| Income taxes | 67/77 | -€626 | €14 | +€641 | |
| Profit (loss) for the period | 9904 | -€6,284 | -€2,513 | +€3,772 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,284 | -€2,513 | +€3,772 | +60.0% |
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 29 October 2026 via checked.be.