Van der Steichel Alain: 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 Steichel Alain
Largest movements
- Cash +€4,627
up €4,627 (+26.6%), from €17,402 to €22,029
mainly Net result for the year (+€23,694) and Tax, wage and social debts (+€5,375)
- Other debts -€24,652
down €24,652 (-16.5%), from €149,791 to €125,140
- Reserves +€23,694
up €23,694 (+56.7%), from €41,781 to €65,475
- Tax, wage and social debts +€5,375
up €5,375 (+45.6%), from €11,791 to €17,166
- Financial income -€15,000
no longer reported in 2025 (was €15,000)
- Gross operating margin +€6,285
up €6,285 (+14.9%), from €42,060 to €48,345
- Depreciation +€4,356
up €4,356 (+538%), from €809 to €5,165
- Financial charges +€3,578
up €3,578 (+835%), from €429 to €4,007
of which Non-recurring financial charges: +€3,376
- Taxes +€3,015
up €3,015 (+26.6%), from €11,355 to €14,369
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 | €205,408 | €212,260 | +€6,852 | +3.3% |
| Fixed assets | 21/28 | €188,006 | €188,758 | +€752 | +0.4% |
| Tangible fixed assets | 22/27 | €8,006 | €8,758 | +€752 | +9.4% |
| Plant, machinery and equipment | 23 | - | €1,089 | +€1,089 | |
| Furniture and vehicles | 24 | €8,006 | €7,669 | -€337 | -4.2% |
| Financial fixed assets | 28 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €17,402 | €23,501 | +€6,100 | +35.1% |
| Amounts receivable within one year | 40/41 | - | €631 | +€631 | |
| Other amounts receivable | 41 | - | €631 | +€631 | |
| Cash at bank and in hand | 54/58 | €17,402 | €22,029 | +€4,627 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €842 | +€842 | |
| Total equity and liabilities | 10/49 | €205,408 | €212,260 | +€6,852 | +3.3% |
| Equity | 10/15 | €42,781 | €66,475 | +€23,694 | +55.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €41,781 | €65,475 | +€23,694 | +56.7% |
| Distributable reserves | 133 | €41,781 | €65,475 | +€23,694 | +56.7% |
| Amounts payable | 17/49 | €162,627 | €145,785 | -€16,842 | -10.4% |
| Amounts payable within one year | 42/48 | €162,627 | €145,785 | -€16,842 | -10.4% |
| Financial debts | 43 | - | €1,267 | +€1,267 | |
| Credit institutions | 430/8 | - | €1,267 | +€1,267 | |
| Trade debts | 44 | €1,045 | €2,212 | +€1,167 | +112% |
| Suppliers | 440/4 | €1,045 | €2,212 | +€1,167 | +112% |
| Taxes, remuneration and social security | 45 | €11,791 | €17,166 | +€5,375 | +45.6% |
| Taxes | 450/3 | €11,791 | €17,166 | +€5,375 | +45.6% |
| Other amounts payable | 47/48 | €149,791 | €125,140 | -€24,652 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €5,165 | +€4,356 | +538% |
| Other operating charges | 640/8 | €2,688 | €1,111 | -€1,577 | -58.7% |
| Gross operating margin | 9900 | €42,060 | €48,345 | +€6,285 | +14.9% |
| Operating profit (loss) | 9901 | €38,564 | €42,070 | +€3,506 | +9.1% |
| Financial income | 75/76B | €15,000 | - | -€15,000 | |
| Recurring financial income | 75 | €15,000 | - | -€15,000 | |
| Financial charges | 65/66B | €429 | €4,007 | +€3,578 | +835% |
| Recurring financial charges | 65 | €429 | €631 | +€202 | +47.1% |
| Non-recurring financial charges | 66B | - | €3,376 | +€3,376 | |
| Profit (loss) for the period before taxes | 9903 | €53,135 | €38,063 | -€15,072 | -28.4% |
| Income taxes | 67/77 | €11,355 | €14,369 | +€3,015 | +26.6% |
| Profit (loss) for the period | 9904 | €41,781 | €23,694 | -€18,087 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,781 | €23,694 | -€18,087 | -43.3% |
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 25 October 2026 via checked.be.