VAN PARYS - STEPMAN: what changed
What changed
VAN PARYS - STEPMAN
NACE 37.000, Sewerage
filed annual accounts (NBB)
Net result for the year
€58,715
2024 · €45,675+€13,040
Equity
€1.1m
2024 · €1.0m+€32,180
Cash
€474,777
2024 · €529,378-€54,601
Balance sheet total
€2.4m
2024 · €2.9m-€448,547
Largest movements
Assets
- Tangible fixed assets -€374,624
down €374,624 (-21.5%), from €1.7m to €1.4m
- Receivables within one year -€158,121
down €158,121 (-30.0%), from €527,741 to €369,620
of which Trade receivables: -€151,070
- Current investments +€114,000
up €114,000, from €0 to €114,000
- Cash -€54,601
down €54,601 (-10.3%), from €529,378 to €474,777
mainly Debts after one year (-€337,630) and Investment in fixed assets (net) (-€204,278)
Equity and liabilities
- Debts after one year -€337,630
down €337,630 (-39.8%), from €848,599 to €510,968
- Other debts -€102,365
down €102,365 (-93.7%), from €109,205 to €6,840
- Reserves +€32,180
up €32,180 (+6.8%), from €470,111 to €502,291
of which Distributable reserves: +€65,841
Income statement
- Staff costs -€140,519
down €140,519 (-12.8%), from €1.1m to €953,684
- Depreciation +€92,739
up €92,739 (+19.5%), from €476,691 to €569,430
- Taxes +€18,614
up €18,614 (+83.3%), from €22,333 to €40,947
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,675
Gross operating margin
-€3,296
Staff costs
+€140,519
Depreciation
-€92,739
Write-downs
-€8,841
Other operating charges
-€6,675
Financial income
+€3,239
Financial charges
-€274
Taxes
-€18,614
Deferred taxes and other
-€279
Result 2025
€58,715
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€629,905
Investment
-€318,278
Financing
-€366,229
Cash 2024
€529,378
From operations (derived)
+€629,905
Net result for the year
+€58,715
Depreciation
+€569,430
Receivables within one year
+€158,121
Deferred charges and accrued income
-€15,328
Provisions
-€11,220
Trade debts
-€18,742
Tax, wage and social debts
-€8,705
Other debts
-€102,365
Investment (derived)
-€318,278
Investment in fixed assets (net)
-€204,278
Current investments
-€114,000
Financing
-€366,229
Debts after one year
-€337,630
Current portion of long-term debt
-€2,617
Short-term financial debts
+€554
Contributions, distributions and other
-€26,535
Cash 2025
€474,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,854,467 | €2,405,921 | -€448,547 | -15.7% |
| Fixed assets | 21/28 | €1,760,221 | €1,395,069 | -€365,152 | -20.7% |
| Intangible fixed assets | 21 | €5,642 | €10,974 | +€5,332 | +94.5% |
| Tangible fixed assets | 22/27 | €1,742,380 | €1,367,755 | -€374,624 | -21.5% |
| Land and buildings | 22 | €123,959 | €113,230 | -€10,728 | -8.7% |
| Plant, machinery and equipment | 23 | €496,204 | €453,259 | -€42,944 | -8.7% |
| Furniture and vehicles | 24 | €437,508 | €289,301 | -€148,207 | -33.9% |
| Leasing and similar rights | 25 | €684,710 | €511,965 | -€172,745 | -25.2% |
| Financial fixed assets | 28 | €12,200 | €16,340 | +€4,140 | +33.9% |
| Current assets | 29/58 | €1,094,246 | €1,010,852 | -€83,394 | -7.6% |
| Amounts receivable within one year | 40/41 | €527,741 | €369,620 | -€158,121 | -30.0% |
| Trade receivables | 40 | €505,634 | €354,564 | -€151,070 | -29.9% |
| Other amounts receivable | 41 | €22,106 | €15,056 | -€7,051 | -31.9% |
| Current investments | 50/53 | €0 | €114,000 | +€114,000 | |
| Cash at bank and in hand | 54/58 | €529,378 | €474,777 | -€54,601 | -10.3% |
| Deferred charges and accrued income | 490/1 | €37,128 | €52,456 | +€15,328 | +41.3% |
| Total equity and liabilities | 10/49 | €2,854,467 | €2,405,921 | -€448,547 | -15.7% |
| Equity | 10/15 | €1,023,303 | €1,055,483 | +€32,180 | +3.1% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €470,111 | €502,291 | +€32,180 | +6.8% |
| Tax-exempt reserves | 132 | €96,678 | €63,017 | -€33,661 | -34.8% |
| Distributable reserves | 133 | €373,433 | €439,274 | +€65,841 | +17.6% |
| Profit (loss) carried forward | 14 | €328,192 | €328,192 | = | 0.0% |
| Provisions and deferred taxes | 16 | €32,226 | €21,006 | -€11,220 | -34.8% |
| Deferred taxes | 168 | €32,226 | €21,006 | -€11,220 | -34.8% |
| Amounts payable | 17/49 | €1,798,938 | €1,329,432 | -€469,506 | -26.1% |
| Amounts payable after more than one year | 17 | €848,599 | €510,968 | -€337,630 | -39.8% |
| Financial debts | 170/4 | €848,599 | €510,968 | -€337,630 | -39.8% |
| Amounts payable within one year | 42/48 | €950,340 | €818,464 | -€131,875 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €372,672 | €370,055 | -€2,617 | -0.7% |
| Financial debts | 43 | €20,743 | €21,297 | +€554 | +2.7% |
| Credit institutions | 430/8 | €20,743 | €21,297 | +€554 | +2.7% |
| Trade debts | 44 | €288,676 | €269,934 | -€18,742 | -6.5% |
| Suppliers | 440/4 | €288,676 | €269,934 | -€18,742 | -6.5% |
| Taxes, remuneration and social security | 45 | €159,044 | €150,338 | -€8,705 | -5.5% |
| Taxes | 450/3 | €20,776 | €45,612 | +€24,837 | +120% |
| Remuneration and social security | 454/9 | €138,268 | €104,726 | -€33,542 | -24.3% |
| Other amounts payable | 47/48 | €109,205 | €6,840 | -€102,365 | -93.7% |
| Non-recurring operating income | 76A | €6,187 | €0 | -€6,187 | -100% |
| Remuneration, social security and pensions | 62 | €1,094,203 | €953,684 | -€140,519 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476,691 | €569,430 | +€92,739 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,335 | €3,505 | +€8,841 | |
| Other operating charges | 640/8 | €20,624 | €27,299 | +€6,675 | +32.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,678,168 | €1,674,872 | -€3,296 | -0.2% |
| Operating profit (loss) | 9901 | €91,985 | €120,953 | +€28,968 | +31.5% |
| Financial income | 75/76B | €2,072 | €5,310 | +€3,239 | +156% |
| Recurring financial income | 75 | €2,072 | €5,310 | +€3,239 | +156% |
| Financial charges | 65/66B | €37,548 | €37,822 | +€274 | +0.7% |
| Recurring financial charges | 65 | €37,548 | €37,822 | +€274 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €56,508 | €88,441 | +€31,933 | +56.5% |
| Transfer from deferred taxes | 780 | €11,499 | €11,220 | -€279 | -2.4% |
| Income taxes | 67/77 | €22,333 | €40,947 | +€18,614 | +83.3% |
| Profit (loss) for the period | 9904 | €45,675 | €58,715 | +€13,040 | +28.6% |
| Transfer from tax-exempt reserves | 789 | €34,498 | €33,661 | -€837 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,173 | €92,376 | +€12,203 | +15.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.