Van Steenberge G.: 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 Steenberge G.
Largest movements
- Cash +€31,473
up €31,473 (+57.3%), from €54,883 to €86,356
mainly Net result for the year (+€61,126) and Other debts (+€49,584)
- Receivables within one year -€19,518
down €19,518 (-48.7%), from €40,087 to €20,569
of which Trade receivables: -€16,899
- Tangible fixed assets -€6,610
down €6,610 (-6.1%), from €107,506 to €100,897
of which Land and buildings: -€4,691
- Other debts +€49,584
up €49,584 (+177%), from €27,995 to €77,579
- Profit (loss) carried forward -€21,500
down €21,500 (-48.9%), from €44,000 to €22,500
- Debts after one year -€8,549
down €8,549 (-23.7%), from €36,131 to €27,582
- Reserves -€7,830
down €7,830 (-4.5%), from €172,303 to €164,474
- Gross operating margin +€5,728
up €5,728 (+6.3%), from €91,433 to €97,161
- Taxes +€1,935
up €1,935 (+8.5%), from €22,763 to €24,698
- Depreciation +€1,205
up €1,205 (+14.2%), from €8,500 to €9,706
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 | €317,414 | €328,463 | +€11,049 | +3.5% |
| Fixed assets | 21/28 | €107,506 | €100,897 | -€6,610 | -6.1% |
| Tangible fixed assets | 22/27 | €107,506 | €100,897 | -€6,610 | -6.1% |
| Land and buildings | 22 | €66,928 | €62,237 | -€4,691 | -7.0% |
| Plant, machinery and equipment | 23 | €35,709 | €33,228 | -€2,481 | -6.9% |
| Furniture and vehicles | 24 | €4,869 | €5,431 | +€562 | +11.5% |
| Current assets | 29/58 | €209,908 | €227,567 | +€17,659 | +8.4% |
| Stocks and contracts in progress | 3 | €34,117 | €36,946 | +€2,829 | +8.3% |
| Stocks | 30/36 | €34,117 | €36,946 | +€2,829 | +8.3% |
| Amounts receivable within one year | 40/41 | €40,087 | €20,569 | -€19,518 | -48.7% |
| Trade receivables | 40 | €36,795 | €19,896 | -€16,899 | -45.9% |
| Other amounts receivable | 41 | €3,293 | €674 | -€2,619 | -79.5% |
| Current investments | 50/53 | €75,829 | €75,829 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,883 | €86,356 | +€31,473 | +57.3% |
| Deferred charges and accrued income | 490/1 | €4,992 | €7,866 | +€2,874 | +57.6% |
| Total equity and liabilities | 10/49 | €317,414 | €328,463 | +€11,049 | +3.5% |
| Equity | 10/15 | €234,903 | €205,574 | -€29,330 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,303 | €164,474 | -€7,830 | -4.5% |
| Distributable reserves | 133 | €172,303 | €164,474 | -€7,830 | -4.5% |
| Profit (loss) carried forward | 14 | €44,000 | €22,500 | -€21,500 | -48.9% |
| Amounts payable | 17/49 | €82,511 | €122,890 | +€40,379 | +48.9% |
| Amounts payable after more than one year | 17 | €36,131 | €27,582 | -€8,549 | -23.7% |
| Financial debts | 170/4 | €36,131 | €27,582 | -€8,549 | -23.7% |
| Amounts payable within one year | 42/48 | €46,380 | €95,308 | +€48,928 | +105% |
| Current portion of amounts payable after more than one year | 42 | €8,246 | €8,549 | +€303 | +3.7% |
| Financial debts | 43 | €3,333 | €3,378 | +€45 | +1.3% |
| Credit institutions | 430/8 | €3,333 | €3,378 | +€45 | +1.3% |
| Trade debts | 44 | €1,235 | €239 | -€996 | -80.6% |
| Suppliers | 440/4 | €1,235 | €239 | -€996 | -80.6% |
| Taxes, remuneration and social security | 45 | €5,571 | €5,562 | -€9 | -0.2% |
| Taxes | 450/3 | €5,571 | €5,562 | -€9 | -0.2% |
| Other amounts payable | 47/48 | €27,995 | €77,579 | +€49,584 | +177% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,500 | €9,706 | +€1,205 | +14.2% |
| Other operating charges | 640/8 | €1,326 | €1,229 | -€97 | -7.3% |
| Gross operating margin | 9900 | €91,433 | €97,161 | +€5,728 | +6.3% |
| Operating profit (loss) | 9901 | €81,606 | €86,225 | +€4,620 | +5.7% |
| Financial income | 75/76B | €1,222 | €1,996 | +€774 | +63.4% |
| Recurring financial income | 75 | €1,222 | €1,996 | +€774 | +63.4% |
| Financial charges | 65/66B | €3,093 | €2,397 | -€696 | -22.5% |
| Recurring financial charges | 65 | €3,093 | €2,397 | -€696 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €79,735 | €85,825 | +€6,090 | +7.6% |
| Income taxes | 67/77 | €22,763 | €24,698 | +€1,935 | +8.5% |
| Profit (loss) for the period | 9904 | €56,971 | €61,126 | +€4,155 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,971 | €61,126 | +€4,155 | +7.3% |
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 28 October 2026 via checked.be.