VAN DER 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 DER STEEN
Largest movements
- Cash +€142,348
up €142,348 (+285%), from €49,899 to €192,247
mainly Trade debts (+€71,913) and Stocks and contracts (+€50,114)
- Receivables within one year +€50,410
up €50,410 (+35.9%), from €140,591 to €191,000
of which Other amounts receivable: +€61,746
- Stocks and contracts -€50,114
down €50,114 (-85.3%), from €58,749 to €8,635
- Tangible fixed assets -€4,705
down €4,705 (-18.5%), from €25,446 to €20,741
- Trade debts +€71,913
up €71,913 (+287%), from €25,095 to €97,008
- Profit (loss) carried forward +€39,940
up €39,940 (+86.3%), from €46,298 to €86,239
- Tax, wage and social debts +€32,167
up €32,167 (+164%), from €19,555 to €51,721
- Debts after one year -€6,036
down €6,036 (-10.3%), from €58,459 to €52,423
- Other operating charges -€28,738
down €28,738 (-97.9%), from €29,361 to €623
- Gross operating margin +€26,846
up €26,846 (+53.2%), from €50,506 to €77,353
- Taxes +€16,522
up €16,522 (+723%), from €2,285 to €18,808
- Financial charges +€859
up €859 (+6.9%), from €12,426 to €13,284
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 | €300,480 | €439,219 | +€138,739 | +46.2% |
| Fixed assets | 21/28 | €30,461 | €25,756 | -€4,705 | -15.4% |
| Tangible fixed assets | 22/27 | €25,446 | €20,741 | -€4,705 | -18.5% |
| Land and buildings | 22 | €7,146 | €4,943 | -€2,202 | -30.8% |
| Plant, machinery and equipment | 23 | €4,587 | €2,870 | -€1,717 | -37.4% |
| Other tangible fixed assets | 26 | €13,713 | €12,928 | -€785 | -5.7% |
| Financial fixed assets | 28 | €5,015 | €5,015 | = | 0.0% |
| Current assets | 29/58 | €270,020 | €413,463 | +€143,444 | +53.1% |
| Stocks and contracts in progress | 3 | €58,749 | €8,635 | -€50,114 | -85.3% |
| Stocks | 30/36 | €58,749 | €8,635 | -€50,114 | -85.3% |
| Amounts receivable within one year | 40/41 | €140,591 | €191,000 | +€50,410 | +35.9% |
| Trade receivables | 40 | €43,054 | €31,717 | -€11,336 | -26.3% |
| Other amounts receivable | 41 | €97,537 | €159,283 | +€61,746 | +63.3% |
| Cash at bank and in hand | 54/58 | €49,899 | €192,247 | +€142,348 | +285% |
| Deferred charges and accrued income | 490/1 | €20,781 | €21,581 | +€800 | +3.8% |
| Total equity and liabilities | 10/49 | €300,480 | €439,219 | +€138,739 | +46.2% |
| Equity | 10/15 | €66,758 | €106,699 | +€39,940 | +59.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,298 | €86,239 | +€39,940 | +86.3% |
| Amounts payable | 17/49 | €233,722 | €332,521 | +€98,799 | +42.3% |
| Amounts payable after more than one year | 17 | €58,459 | €52,423 | -€6,036 | -10.3% |
| Financial debts | 170/4 | €58,459 | €52,423 | -€6,036 | -10.3% |
| Amounts payable within one year | 42/48 | €175,263 | €279,998 | +€104,735 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €130,381 | €131,036 | +€655 | +0.5% |
| Trade debts | 44 | €25,095 | €97,008 | +€71,913 | +287% |
| Suppliers | 440/4 | €25,095 | €97,008 | +€71,913 | +287% |
| Taxes, remuneration and social security | 45 | €19,555 | €51,721 | +€32,167 | +164% |
| Taxes | 450/3 | €19,555 | €51,721 | +€32,167 | +164% |
| Other amounts payable | 47/48 | €232 | €232 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,887 | €4,705 | -€182 | -3.7% |
| Other operating charges | 640/8 | €29,361 | €623 | -€28,738 | -97.9% |
| Gross operating margin | 9900 | €50,506 | €77,353 | +€26,846 | +53.2% |
| Operating profit (loss) | 9901 | €16,258 | €72,025 | +€55,767 | +343% |
| Financial income | 75/76B | €63 | €8 | -€56 | -88.1% |
| Recurring financial income | 75 | €63 | €8 | -€56 | -88.1% |
| Financial charges | 65/66B | €12,426 | €13,284 | +€859 | +6.9% |
| Recurring financial charges | 65 | €12,426 | €13,284 | +€859 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €3,896 | €58,748 | +€54,852 | +1,408% |
| Income taxes | 67/77 | €2,285 | €18,808 | +€16,522 | +723% |
| Profit (loss) for the period | 9904 | €1,611 | €39,940 | +€38,330 | +2,380% |
| Profit (loss) for the period to be appropriated | 9905 | €1,611 | €39,940 | +€38,330 | +2,380% |
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 21 October 2026 via checked.be.