VAN STAPPEN-DE BACKER: 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.
What changed
VAN STAPPEN-DE BACKER
NACE 33.150, Repair, maintenance and installation of machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€112,350
2024 · €113,831-€1,481
Equity
€1.8m
2024 · €1.7m+€112,350
Cash
€37,430
2024 · €37,173+€257
Balance sheet total
€2.4m
2024 · €2.4m-€58,715
Largest movements
Assets
- Tangible fixed assets -€54,956
down €54,956 (-2.7%), from €2.0m to €2.0m
of which Land and buildings: -€52,107
Equity and liabilities
- Debts after one year -€195,340
down €195,340 (-33.3%), from €585,927 to €390,587
- Reserves +€112,350
up €112,350 (+10.4%), from €1.1m to €1.2m
of which Distributable reserves: +€113,573
Income statement
- Gross operating margin -€13,840
down €13,840 (-5.8%), from €237,862 to €224,022
- Financial charges -€12,773
down €12,773 (-27.5%), from €46,441 to €33,668
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.
Result 2024
€113,831
Gross operating margin
-€13,840
Depreciation
-€1,527
Write-downs
+€1,161
Other operating charges
-€355
Financial charges
+€12,773
Taxes
+€307
Result 2025
€112,350
raises the resultlowers the result
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.
From operations
+€188,006
Investment
-€5,660
Financing
-€182,090
Cash 2024
€37,173
From operations (derived)
+€188,006
Net result for the year
+€112,350
Depreciation
+€60,620
Receivables within one year
+€3,769
Smaller working-capital items
-€165
Trade debts
+€819
Tax, wage and social debts
+€7,051
Other debts
+€3,562
Investment (derived)
-€5,660
Investment in fixed assets (net)
-€5,664
Current investments
+€4
Financing
-€182,090
Debts after one year
-€195,340
Current portion of long-term debt
+€13,250
Cash 2025
€37,430
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,447,534 | €2,388,819 | -€58,715 | -2.4% |
| Fixed assets | 21/28 | €2,398,147 | €2,343,191 | -€54,956 | -2.3% |
| Tangible fixed assets | 22/27 | €2,022,862 | €1,967,906 | -€54,956 | -2.7% |
| Land and buildings | 22 | €1,981,119 | €1,929,012 | -€52,107 | -2.6% |
| Plant, machinery and equipment | 23 | €35,124 | €34,758 | -€366 | -1.0% |
| Furniture and vehicles | 24 | €6,619 | €4,137 | -€2,483 | -37.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €375,285 | €375,285 | = | 0.0% |
| Current assets | 29/58 | €49,387 | €45,628 | -€3,759 | -7.6% |
| Amounts receivable within one year | 40/41 | €4,210 | €441 | -€3,769 | -89.5% |
| Trade receivables | 40 | €4,210 | €441 | -€3,769 | -89.5% |
| Current investments | 50/53 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €37,173 | €37,430 | +€257 | +0.7% |
| Deferred charges and accrued income | 490/1 | €8,000 | €7,758 | -€243 | -3.0% |
| Total equity and liabilities | 10/49 | €2,447,534 | €2,388,819 | -€58,715 | -2.4% |
| Equity | 10/15 | €1,721,390 | €1,833,741 | +€112,350 | +6.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €625,000 | €625,000 | = | 0.0% |
| Reserves | 13 | €1,076,390 | €1,188,741 | +€112,350 | +10.4% |
| Tax-exempt reserves | 132 | €30,582 | €29,358 | -€1,223 | -4.0% |
| Distributable reserves | 133 | €1,045,809 | €1,159,382 | +€113,573 | +10.9% |
| Provisions and deferred taxes | 16 | €10,194 | €9,786 | -€408 | -4.0% |
| Deferred taxes | 168 | €10,194 | €9,786 | -€408 | -4.0% |
| Amounts payable | 17/49 | €715,950 | €545,292 | -€170,657 | -23.8% |
| Amounts payable after more than one year | 17 | €585,927 | €390,587 | -€195,340 | -33.3% |
| Financial debts | 170/4 | €585,927 | €390,587 | -€195,340 | -33.3% |
| Amounts payable within one year | 42/48 | €130,023 | €154,705 | +€24,683 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €81,517 | €94,767 | +€13,250 | +16.3% |
| Trade debts | 44 | €383 | €1,203 | +€819 | +214% |
| Suppliers | 440/4 | €383 | €1,203 | +€819 | +214% |
| Taxes, remuneration and social security | 45 | €22,254 | €29,305 | +€7,051 | +31.7% |
| Taxes | 450/3 | €22,254 | €29,305 | +€7,051 | +31.7% |
| Other amounts payable | 47/48 | €25,869 | €29,430 | +€3,562 | +13.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,093 | €60,620 | +€1,527 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,161 | €0 | -€1,161 | -100% |
| Other operating charges | 640/8 | €9,886 | €10,241 | +€355 | +3.6% |
| Gross operating margin | 9900 | €237,862 | €224,022 | -€13,840 | -5.8% |
| Operating profit (loss) | 9901 | €167,722 | €153,162 | -€14,561 | -8.7% |
| Financial income | 75/76B | €30,000 | €30,000 | = | 0.0% |
| Recurring financial income | 75 | €30,000 | €30,000 | = | 0.0% |
| Financial charges | 65/66B | €46,441 | €33,668 | -€12,773 | -27.5% |
| Recurring financial charges | 65 | €46,441 | €33,668 | -€12,773 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €151,281 | €149,494 | -€1,788 | -1.2% |
| Transfer from deferred taxes | 780 | €408 | €408 | = | 0.0% |
| Income taxes | 67/77 | €37,858 | €37,551 | -€307 | -0.8% |
| Profit (loss) for the period | 9904 | €113,831 | €112,350 | -€1,481 | -1.3% |
| Transfer from tax-exempt reserves | 789 | €1,223 | €1,223 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115,054 | €113,573 | -€1,481 | -1.3% |
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 15 October 2026 via checked.be.