VAN OVERSTEYNS: 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 OVERSTEYNS
Largest movements
- Cash -€78,495
down €78,495 (-73.9%), from €106,148 to €27,654
mainly Trade debts (-€61,714) and Short-term financial debts (-€50,000)
- Stocks and contracts -€47,747
down €47,747 (-25.1%), from €190,474 to €142,727
- Trade debts -€61,714
down €61,714 (-38.5%), from €160,278 to €98,564
- Short-term financial debts -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Advances received -€36,203
no longer reported in 2025 (was €36,203)
- Reserves +€14,619
up €14,619 (+17.1%), from €85,522 to €100,141
of which Distributable reserves: +€14,619
- Tax, wage and social debts +€13,777
up €13,777 (+28.7%), from €48,000 to €61,777
of which Taxes: +€13,778
- Gross operating margin -€30,535
down €30,535 (-7.9%), from €384,094 to €353,559
- Depreciation -€17,970
down €17,970 (-46.1%), from €38,994 to €21,024
- Staff costs -€10,616
down €10,616 (-3.6%), from €294,401 to €283,785
- Other operating charges +€9,662
up €9,662 (+117%), from €8,228 to €17,890
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 | €865,924 | €741,127 | -€124,797 | -14.4% |
| Fixed assets | 21/28 | €351,843 | €350,048 | -€1,796 | -0.5% |
| Tangible fixed assets | 22/27 | €351,598 | €349,802 | -€1,796 | -0.5% |
| Land and buildings | 22 | €334,267 | €323,693 | -€10,574 | -3.2% |
| Plant, machinery and equipment | 23 | €10,241 | €19,849 | +€9,608 | +93.8% |
| Furniture and vehicles | 24 | €7,090 | €6,261 | -€829 | -11.7% |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €514,081 | €391,079 | -€123,002 | -23.9% |
| Stocks and contracts in progress | 3 | €190,474 | €142,727 | -€47,747 | -25.1% |
| Stocks | 30/36 | €190,474 | €142,727 | -€47,747 | -25.1% |
| Amounts receivable within one year | 40/41 | €208,793 | €213,636 | +€4,843 | +2.3% |
| Trade receivables | 40 | €175,117 | €187,252 | +€12,134 | +6.9% |
| Other amounts receivable | 41 | €33,676 | €26,385 | -€7,291 | -21.7% |
| Cash at bank and in hand | 54/58 | €106,148 | €27,654 | -€78,495 | -73.9% |
| Deferred charges and accrued income | 490/1 | €8,666 | €7,063 | -€1,604 | -18.5% |
| Total equity and liabilities | 10/49 | €865,924 | €741,127 | -€124,797 | -14.4% |
| Equity | 10/15 | €444,522 | €459,141 | +€14,619 | +3.3% |
| Contributions | 10/11 | €359,000 | €359,000 | = | 0.0% |
| Capital | 10 | €359,000 | €359,000 | = | 0.0% |
| Issued capital | 100 | €359,000 | €359,000 | = | 0.0% |
| Reserves | 13 | €85,522 | €100,141 | +€14,619 | +17.1% |
| Non-distributable reserves | 130/1 | €35,900 | €35,900 | = | 0.0% |
| Legal reserve | 130 | €35,900 | €35,900 | = | 0.0% |
| Distributable reserves | 133 | €49,622 | €64,241 | +€14,619 | +29.5% |
| Amounts payable | 17/49 | €421,402 | €281,986 | -€139,417 | -33.1% |
| Amounts payable within one year | 42/48 | €420,774 | €278,596 | -€142,178 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €4,199 | - | -€4,199 | |
| Financial debts | 43 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Credit institutions | 430/8 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Trade debts | 44 | €160,278 | €98,564 | -€61,714 | -38.5% |
| Suppliers | 440/4 | €160,278 | €98,564 | -€61,714 | -38.5% |
| Advances received on contracts in progress | 46 | €36,203 | - | -€36,203 | |
| Taxes, remuneration and social security | 45 | €48,000 | €61,777 | +€13,777 | +28.7% |
| Taxes | 450/3 | €14,727 | €28,505 | +€13,778 | +93.6% |
| Remuneration and social security | 454/9 | €33,273 | €33,272 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €22,094 | €18,255 | -€3,838 | -17.4% |
| Accrued charges and deferred income | 492/3 | €629 | €3,390 | +€2,761 | +439% |
| Remuneration, social security and pensions | 62 | €294,401 | €283,785 | -€10,616 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,994 | €21,024 | -€17,970 | -46.1% |
| Other operating charges | 640/8 | €8,228 | €17,890 | +€9,662 | +117% |
| Gross operating margin | 9900 | €384,094 | €353,559 | -€30,535 | -7.9% |
| Operating profit (loss) | 9901 | €42,469 | €30,860 | -€11,610 | -27.3% |
| Financial income | 75/76B | €755 | €1,567 | +€812 | +108% |
| Recurring financial income | 75 | €755 | €1,567 | +€812 | +108% |
| Financial charges | 65/66B | €8,424 | €7,567 | -€857 | -10.2% |
| Recurring financial charges | 65 | €8,424 | €7,567 | -€857 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €34,800 | €24,859 | -€9,941 | -28.6% |
| Income taxes | 67/77 | €9,311 | €10,240 | +€929 | +10.0% |
| Profit (loss) for the period | 9904 | €25,489 | €14,619 | -€10,870 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,489 | €14,619 | -€10,870 | -42.6% |
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 16 October 2026 via checked.be.