VAN ROY STEVEN: what changed
VAN ROY STEVEN
Largest movements
- Receivables within one year +€738,471
up €738,471 (+55.2%), from €1.3m to €2.1m
of which Trade receivables: +€760,411
- Tangible fixed assets -€126,799
down €126,799 (-55.5%), from €228,313 to €101,514
of which Furniture and vehicles: -€92,040
- Cash -€104,430
down €104,430 (-38.5%), from €271,401 to €166,970
mainly Receivables within one year (-€738,471) and Current portion of long-term debt (-€110,687)
- Trade debts +€557,377
up €557,377 (+92.9%), from €600,199 to €1.2m
- Current portion of long-term debt -€110,687
down €110,687 (-46.2%), from €239,374 to €128,687
- Tax, wage and social debts +€75,715
up €75,715 (+25.2%), from €300,186 to €375,901
of which Remuneration and social security: +€54,780
- Debts after one year -€69,489
down €69,489 (-15.3%), from €455,478 to €385,989
- Other debts +€53,729
up €53,729 (+21.5%), from €250,223 to €303,952
- Gross operating margin -€354,933
down €354,933 (-14.3%), from €2.5m to €2.1m
- Staff costs -€328,591
down €328,591 (-14.8%), from €2.2m to €1.9m
- Taxes -€27,881
down €27,881 (-56.0%), from €49,820 to €21,939
- Financial income -€25,166
down €25,166 (-95.3%), from €26,403 to €1,237
of which Financial income: -€25,166
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,385,704 | €4,920,993 | +€535,289 | +12.2% |
| Fixed assets | 21/28 | €271,480 | €143,114 | -€128,366 | -47.3% |
| Intangible fixed assets | 21 | €10,577 | €9,010 | -€1,567 | -14.8% |
| Tangible fixed assets | 22/27 | €228,313 | €101,514 | -€126,799 | -55.5% |
| Plant, machinery and equipment | 23 | €80,980 | €46,221 | -€34,759 | -42.9% |
| Furniture and vehicles | 24 | €147,333 | €55,292 | -€92,040 | -62.5% |
| Financial fixed assets | 28 | €32,590 | €32,590 | = | 0.0% |
| Current assets | 29/58 | €4,114,224 | €4,777,879 | +€663,655 | +16.1% |
| Stocks and contracts in progress | 3 | €2,504,986 | €2,534,600 | +€29,614 | +1.2% |
| Stocks | 30/36 | €2,504,986 | €2,534,600 | +€29,614 | +1.2% |
| Amounts receivable within one year | 40/41 | €1,337,838 | €2,076,309 | +€738,471 | +55.2% |
| Trade receivables | 40 | €1,069,738 | €1,830,149 | +€760,411 | +71.1% |
| Other amounts receivable | 41 | €268,100 | €246,160 | -€21,939 | -8.2% |
| Cash at bank and in hand | 54/58 | €271,401 | €166,970 | -€104,430 | -38.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,385,704 | €4,920,993 | +€535,289 | +12.2% |
| Equity | 10/15 | €1,767,288 | €1,784,457 | +€17,169 | +1.0% |
| Contributions | 10/11 | €13,328 | €13,328 | = | 0.0% |
| Reserves | 13 | €1,753,960 | €1,771,129 | +€17,169 | +1.0% |
| Non-distributable reserves | 130/1 | €1,333 | €1,333 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,333 | €1,333 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,742 | €53,742 | = | 0.0% |
| Distributable reserves | 133 | €1,698,885 | €1,716,054 | +€17,169 | +1.0% |
| Amounts payable | 17/49 | €2,618,416 | €3,136,536 | +€518,120 | +19.8% |
| Amounts payable after more than one year | 17 | €455,478 | €385,989 | -€69,489 | -15.3% |
| Financial debts | 170/4 | €455,478 | €385,989 | -€69,489 | -15.3% |
| Amounts payable within one year | 42/48 | €2,145,438 | €2,721,572 | +€576,135 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €239,374 | €128,687 | -€110,687 | -46.2% |
| Financial debts | 43 | €750,000 | €750,000 | = | 0.0% |
| Credit institutions | 430/8 | €750,000 | €750,000 | = | 0.0% |
| Trade debts | 44 | €600,199 | €1,157,576 | +€557,377 | +92.9% |
| Suppliers | 440/4 | €600,199 | €1,157,576 | +€557,377 | +92.9% |
| Advances received on contracts in progress | 46 | €5,456 | €5,456 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €300,186 | €375,901 | +€75,715 | +25.2% |
| Taxes | 450/3 | €109,855 | €130,789 | +€20,935 | +19.1% |
| Remuneration and social security | 454/9 | €190,331 | €245,112 | +€54,780 | +28.8% |
| Other amounts payable | 47/48 | €250,223 | €303,952 | +€53,729 | +21.5% |
| Accrued charges and deferred income | 492/3 | €17,500 | €28,974 | +€11,474 | +65.6% |
| Remuneration, social security and pensions | 62 | €2,213,949 | €1,885,358 | -€328,591 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,251 | €128,366 | +€3,115 | +2.5% |
| Other operating charges | 640/8 | €28,217 | €29,250 | +€1,033 | +3.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,486,605 | €2,131,672 | -€354,933 | -14.3% |
| Operating profit (loss) | 9901 | €119,188 | €88,698 | -€30,490 | -25.6% |
| Financial income | 75/76B | €26,403 | €1,237 | -€25,166 | -95.3% |
| Recurring financial income | 75 | €26,403 | €1,237 | -€25,166 | -95.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €54,918 | €50,826 | -€4,092 | -7.5% |
| Recurring financial charges | 65 | €54,918 | €50,826 | -€4,092 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €90,673 | €39,108 | -€51,564 | -56.9% |
| Income taxes | 67/77 | €49,820 | €21,939 | -€27,881 | -56.0% |
| Profit (loss) for the period | 9904 | €40,852 | €17,169 | -€23,683 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,852 | €17,169 | -€23,683 | -58.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.