VAN STAEN-LEPAGE: 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 STAEN-LEPAGE
Largest movements
- Current investments +€29,315
up €29,315 (+6.1%), from €480,155 to €509,470
- Receivables within one year +€25,148
up €25,148 (+776%), from €3,242 to €28,389
- Cash -€22,608
down €22,608 (-47.0%), from €48,139 to €25,530
mainly Current investments (-€29,315) and Receivables within one year (-€25,148)
- Tangible fixed assets -€20,063
down €20,063 (-24.6%), from €81,596 to €61,533
of which Furniture and vehicles: -€15,997
- Reserves +€12,449
up €12,449 (+2.4%), from €513,647 to €526,096
- Other debts +€7,510
up €7,510 (+10.2%), from €73,577 to €81,087
- Gross operating margin -€77,339
down €77,339 (-64.1%), from €120,701 to €43,361
- Taxes -€22,036
down €22,036 (-79.7%), from €27,662 to €5,626
- Depreciation -€5,601
down €5,601 (-21.0%), from €26,697 to €21,096
- Other operating charges -€2,142
down €2,142 (-77.8%), from €2,752 to €610
- Financial charges -€1,579
down €1,579 (-20.4%), from €7,738 to €6,158
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 | €613,584 | €625,886 | +€12,301 | +2.0% |
| Fixed assets | 21/28 | €81,596 | €61,533 | -€20,063 | -24.6% |
| Tangible fixed assets | 22/27 | €81,596 | €61,533 | -€20,063 | -24.6% |
| Plant, machinery and equipment | 23 | €2,290 | €1,739 | -€551 | -24.0% |
| Furniture and vehicles | 24 | €45,739 | €29,742 | -€15,997 | -35.0% |
| Other tangible fixed assets | 26 | €33,567 | €30,052 | -€3,515 | -10.5% |
| Current assets | 29/58 | €531,988 | €564,353 | +€32,364 | +6.1% |
| Amounts receivable within one year | 40/41 | €3,242 | €28,389 | +€25,148 | +776% |
| Other amounts receivable | 41 | €3,242 | €28,389 | +€25,148 | +776% |
| Current investments | 50/53 | €480,155 | €509,470 | +€29,315 | +6.1% |
| Cash at bank and in hand | 54/58 | €48,139 | €25,530 | -€22,608 | -47.0% |
| Deferred charges and accrued income | 490/1 | €453 | €963 | +€510 | +113% |
| Total equity and liabilities | 10/49 | €613,584 | €625,886 | +€12,301 | +2.0% |
| Equity | 10/15 | €519,847 | €532,296 | +€12,449 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €513,647 | €526,096 | +€12,449 | +2.4% |
| Distributable reserves | 133 | €513,647 | €526,096 | +€12,449 | +2.4% |
| Amounts payable | 17/49 | €93,738 | €93,590 | -€148 | -0.2% |
| Amounts payable within one year | 42/48 | €85,735 | €87,278 | +€1,543 | +1.8% |
| Trade debts | 44 | €6,171 | €6,191 | +€20 | +0.3% |
| Suppliers | 440/4 | €6,171 | €6,191 | +€20 | +0.3% |
| Taxes, remuneration and social security | 45 | €5,987 | €0 | -€5,987 | -100% |
| Taxes | 450/3 | €5,987 | €0 | -€5,987 | -100% |
| Other amounts payable | 47/48 | €73,577 | €81,087 | +€7,510 | +10.2% |
| Accrued charges and deferred income | 492/3 | €8,003 | €6,312 | -€1,691 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,697 | €21,096 | -€5,601 | -21.0% |
| Other operating charges | 640/8 | €2,752 | €610 | -€2,142 | -77.8% |
| Gross operating margin | 9900 | €120,701 | €43,361 | -€77,339 | -64.1% |
| Operating profit (loss) | 9901 | €91,252 | €21,655 | -€69,597 | -76.3% |
| Financial income | 75/76B | €1,966 | €2,578 | +€612 | +31.1% |
| Recurring financial income | 75 | €1,966 | €2,578 | +€612 | +31.1% |
| Financial charges | 65/66B | €7,738 | €6,158 | -€1,579 | -20.4% |
| Recurring financial charges | 65 | €7,738 | €6,158 | -€1,579 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €85,481 | €18,075 | -€67,405 | -78.9% |
| Income taxes | 67/77 | €27,662 | €5,626 | -€22,036 | -79.7% |
| Profit (loss) for the period | 9904 | €57,819 | €12,449 | -€45,369 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,819 | €12,449 | -€45,369 | -78.5% |
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 19 October 2026 via checked.be.