VAN STAEYEN: 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 STAEYEN
Largest movements
- Stocks and contracts +€12,488
new in 2025: €12,488
- Receivables within one year +€11,605
up €11,605 (+83.3%), from €13,923 to €25,528
of which Trade receivables: +€12,179
- Cash -€7,276
down €7,276 (-41.0%), from €17,760 to €10,484
mainly Stocks and contracts (-€12,488) and Receivables within one year (-€11,605)
- Reserves +€16,057
up €16,057 (+37.2%), from €43,126 to €59,183
- Staff costs -€1,088
down €1,088 (-100.0%), from €1,088 to €0
- Gross operating margin +€944
up €944 (+4.3%), from €22,092 to €23,036
- Depreciation +€548
up €548 (+10.5%), from €5,221 to €5,768
- Taxes +€257
up €257 (+17.7%), from €1,451 to €1,708
- Financial charges -€247
down €247 (-72.7%), from €340 to €93
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.
Cash bridge derived
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 | €136,661 | €154,307 | +€17,646 | +12.9% |
| Fixed assets | 21/28 | €8,962 | €9,642 | +€680 | +7.6% |
| Tangible fixed assets | 22/27 | €8,962 | €9,642 | +€680 | +7.6% |
| Plant, machinery and equipment | 23 | €1,455 | €863 | -€592 | -40.7% |
| Furniture and vehicles | 24 | €7,506 | €4,546 | -€2,960 | -39.4% |
| Other tangible fixed assets | 26 | - | €4,233 | +€4,233 | |
| Current assets | 29/58 | €127,699 | €144,665 | +€16,966 | +13.3% |
| Amounts receivable after more than one year | 29 | €91,552 | €92,870 | +€1,318 | +1.4% |
| Other amounts receivable | 291 | €91,552 | €92,870 | +€1,318 | +1.4% |
| Stocks and contracts in progress | 3 | - | €12,488 | +€12,488 | |
| Stocks | 30/36 | - | €12,488 | +€12,488 | |
| Amounts receivable within one year | 40/41 | €13,923 | €25,528 | +€11,605 | +83.3% |
| Trade receivables | 40 | €13,349 | €25,528 | +€12,179 | +91.2% |
| Other amounts receivable | 41 | €575 | €0 | -€575 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,760 | €10,484 | -€7,276 | -41.0% |
| Deferred charges and accrued income | 490/1 | €4,464 | €3,294 | -€1,170 | -26.2% |
| Total equity and liabilities | 10/49 | €136,661 | €154,307 | +€17,646 | +12.9% |
| Equity | 10/15 | €117,111 | €133,168 | +€16,057 | +13.7% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €43,126 | €59,183 | +€16,057 | +37.2% |
| Distributable reserves | 133 | €43,126 | €59,183 | +€16,057 | +37.2% |
| Profit (loss) carried forward | 14 | €39,985 | €39,985 | = | 0.0% |
| Amounts payable | 17/49 | €19,550 | €21,139 | +€1,589 | +8.1% |
| Amounts payable within one year | 42/48 | €19,550 | €20,937 | +€1,387 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €11,680 | €10,815 | -€865 | -7.4% |
| Suppliers | 440/4 | €11,680 | €10,815 | -€865 | -7.4% |
| Taxes, remuneration and social security | 45 | €7,871 | €8,929 | +€1,059 | +13.5% |
| Taxes | 450/3 | €5,266 | €6,955 | +€1,689 | +32.1% |
| Remuneration and social security | 454/9 | €2,605 | €1,975 | -€630 | -24.2% |
| Other amounts payable | 47/48 | - | €1,193 | +€1,193 | |
| Accrued charges and deferred income | 492/3 | - | €202 | +€202 | |
| Remuneration, social security and pensions | 62 | €1,088 | €0 | -€1,088 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,221 | €5,768 | +€548 | +10.5% |
| Other operating charges | 640/8 | €960 | €974 | +€15 | +1.5% |
| Gross operating margin | 9900 | €22,092 | €23,036 | +€944 | +4.3% |
| Operating profit (loss) | 9901 | €14,824 | €16,293 | +€1,470 | +9.9% |
| Financial income | 75/76B | €1,477 | €1,565 | +€88 | +6.0% |
| Recurring financial income | 75 | €1,477 | €1,565 | +€88 | +6.0% |
| Financial charges | 65/66B | €340 | €93 | -€247 | -72.7% |
| Recurring financial charges | 65 | €340 | €93 | -€247 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €15,960 | €17,765 | +€1,805 | +11.3% |
| Income taxes | 67/77 | €1,451 | €1,708 | +€257 | +17.7% |
| Profit (loss) for the period | 9904 | €14,509 | €16,057 | +€1,548 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,509 | €16,057 | +€1,548 | +10.7% |
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 9 October 2026 via checked.be.