VAN STEELANT: what changed
What changed
VAN STEELANT
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€67,203
2024 · €50,278+€16,924
Equity
€1.2m
2024 · €1.2m-€22,797
Cash
€269,757
2024 · €266,038+€3,719
Balance sheet total
€2.2m
2024 · €1.6m+€563,876
Largest movements
Assets
- Tangible fixed assets +€527,341
up €527,341 (+111%), from €476,829 to €1.0m
of which Land and buildings: +€626,779
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Financial fixed assets +€180,332
up €180,332 (+76.6%), from €235,444 to €415,777
- Receivables within one year +€93,759
up €93,759 (+33.8%), from €277,054 to €370,813
of which Trade receivables: +€299,623
Equity and liabilities
- Debts after one year +€520,568
up €520,568 (+1,189%), from €43,770 to €564,338
- Trade debts +€44,895
up €44,895, from €0 to €44,895
- Other debts -€44,316
down €44,316 (-93.2%), from €47,538 to €3,222
- Tax, wage and social debts +€37,817
up €37,817 (+509%), from €7,423 to €45,240
- Current portion of long-term debt +€34,647
up €34,647 (+137%), from €25,238 to €59,885
Income statement
- Gross operating margin +€146,223
up €146,223 (+70.1%), from €208,484 to €354,707
- Depreciation +€108,702
up €108,702 (+87.9%), from €123,683 to €232,385
- Financial income +€21,248
up €21,248 (+397%), from €5,350 to €26,597
- Taxes +€13,789
up €13,789 (+67.8%), from €20,336 to €34,124
- Financial charges +€12,390
up €12,390 (+74.9%), from €16,543 to €28,933
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
€50,278
Gross operating margin
+€146,223
Staff costs
-€11,064
Depreciation
-€108,702
Other operating charges
-€7,414
Financial income
+€21,248
Financial charges
-€12,390
Taxes
-€13,789
Deferred taxes and other
+€2,813
Result 2025
€67,203
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
+€233,687
Investment
-€690,058
Financing
+€460,090
Cash 2024
€266,038
From operations (derived)
+€233,687
Net result for the year
+€67,203
Depreciation
+€232,385
Stocks and contracts
-€8,850
Receivables within one year
-€93,759
Smaller working-capital items
+€1,125
Provisions
-€2,813
Trade debts
+€44,895
Tax, wage and social debts
+€37,817
Other debts
-€44,316
Investment (derived)
-€690,058
Investment in fixed assets (net)
-€940,058
Current investments
+€250,000
Financing
+€460,090
Debts after one year
+€520,568
Current portion of long-term debt
+€34,647
Short-term financial debts
-€5,125
Contributions, distributions and other
-€90,000
Cash 2025
€269,757
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,588,279 | €2,152,155 | +€563,876 | +35.5% |
| Fixed assets | 21/28 | €712,273 | €1,419,947 | +€707,673 | +99.4% |
| Tangible fixed assets | 22/27 | €476,829 | €1,004,170 | +€527,341 | +111% |
| Land and buildings | 22 | €267,527 | €894,306 | +€626,779 | +234% |
| Plant, machinery and equipment | 23 | €29,054 | €22,132 | -€6,922 | -23.8% |
| Furniture and vehicles | 24 | €180,248 | €87,733 | -€92,515 | -51.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €235,444 | €415,777 | +€180,332 | +76.6% |
| Current assets | 29/58 | €876,006 | €732,208 | -€143,797 | -16.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €82,788 | €91,638 | +€8,850 | +10.7% |
| Stocks | 30/36 | €82,788 | €91,638 | +€8,850 | +10.7% |
| Amounts receivable within one year | 40/41 | €277,054 | €370,813 | +€93,759 | +33.8% |
| Trade receivables | 40 | €10,707 | €310,330 | +€299,623 | +2,798% |
| Other amounts receivable | 41 | €266,347 | €60,483 | -€205,864 | -77.3% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €266,038 | €269,757 | +€3,719 | +1.4% |
| Deferred charges and accrued income | 490/1 | €125 | €0 | -€125 | -100% |
| Total equity and liabilities | 10/49 | €1,588,279 | €2,152,155 | +€563,876 | +35.5% |
| Equity | 10/15 | €1,227,935 | €1,205,137 | -€22,797 | -1.9% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €1,134,335 | €1,111,537 | -€22,797 | -2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €174,010 | €165,573 | -€8,438 | -4.8% |
| Distributable reserves | 133 | €960,325 | €945,965 | -€14,360 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €56,250 | €53,438 | -€2,813 | -5.0% |
| Deferred taxes | 168 | €56,250 | €53,438 | -€2,813 | -5.0% |
| Amounts payable | 17/49 | €304,094 | €893,580 | +€589,486 | +194% |
| Amounts payable after more than one year | 17 | €43,770 | €564,338 | +€520,568 | +1,189% |
| Financial debts | 170/4 | €43,770 | €564,338 | +€520,568 | +1,189% |
| Amounts payable within one year | 42/48 | €260,324 | €329,242 | +€68,918 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €25,238 | €59,885 | +€34,647 | +137% |
| Financial debts | 43 | €180,125 | €175,000 | -€5,125 | -2.8% |
| Credit institutions | 430/8 | €180,125 | €175,000 | -€5,125 | -2.8% |
| Trade debts | 44 | €0 | €44,895 | +€44,895 | |
| Suppliers | 440/4 | €0 | €44,895 | +€44,895 | |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €7,423 | €45,240 | +€37,817 | +509% |
| Taxes | 450/3 | €7,423 | €45,240 | +€37,817 | +509% |
| Other amounts payable | 47/48 | €47,538 | €3,222 | -€44,316 | -93.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €300,000 | +€300,000 | |
| Remuneration, social security and pensions | 62 | -€10,132 | €931 | +€11,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,683 | €232,385 | +€108,702 | +87.9% |
| Other operating charges | 640/8 | €13,126 | €20,540 | +€7,414 | +56.5% |
| Gross operating margin | 9900 | €208,484 | €354,707 | +€146,223 | +70.1% |
| Operating profit (loss) | 9901 | €81,808 | €100,851 | +€19,043 | +23.3% |
| Financial income | 75/76B | €5,350 | €26,597 | +€21,248 | +397% |
| Recurring financial income | 75 | €5,350 | €26,597 | +€21,248 | +397% |
| Financial charges | 65/66B | €16,543 | €28,933 | +€12,390 | +74.9% |
| Recurring financial charges | 65 | €16,543 | €28,933 | +€12,390 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €70,614 | €98,515 | +€27,901 | +39.5% |
| Transfer from deferred taxes | 780 | - | €2,813 | +€2,813 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €20,336 | €34,124 | +€13,789 | +67.8% |
| Profit (loss) for the period | 9904 | €50,278 | €67,203 | +€16,924 | +33.7% |
| Transfer from tax-exempt reserves | 789 | - | €8,438 | +€8,438 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €50,278 | €75,640 | +€25,362 | +50.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 1 November 2026 via checked.be.