VAN STEENBERGHE: 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 STEENBERGHE
Largest movements
- Stocks and contracts -€109,359
down €109,359 (-100.0%), from €109,359 to €0
- Cash +€52,781
up €52,781 (+28.4%), from €185,908 to €238,689
mainly Stocks and contracts (+€109,359) and Other debts (+€1,765)
- Receivables within one year +€18,518
up €18,518 (+55.3%), from €33,466 to €51,984
of which Other amounts receivable: +€15,425
- Profit (loss) carried forward -€39,891
down €39,891 (-33.8%), from €118,175 to €78,283
- Gross operating margin +€43,654
up €43,654 (+54.7%), from -€79,800 to -€36,146
- Financial income +€1,631
up €1,631 (+824.0%), from €198 to €1,829
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 | €353,894 | €316,759 | -€37,134 | -10.5% |
| Fixed assets | 21/28 | €25,161 | €25,161 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,161 | €25,161 | = | 0.0% |
| Land and buildings | 22 | €25,161 | €25,161 | = | 0.0% |
| Current assets | 29/58 | €328,732 | €291,598 | -€37,134 | -11.3% |
| Stocks and contracts in progress | 3 | €109,359 | €0 | -€109,359 | -100.0% |
| Stocks | 30/36 | €109,359 | €0 | -€109,359 | -100.0% |
| Amounts receivable within one year | 40/41 | €33,466 | €51,984 | +€18,518 | +55.3% |
| Trade receivables | 40 | €18,966 | €22,059 | +€3,093 | +16.3% |
| Other amounts receivable | 41 | €14,500 | €29,925 | +€15,425 | +106.4% |
| Cash at bank and in hand | 54/58 | €185,908 | €238,689 | +€52,781 | +28.4% |
| Deferred charges and accrued income | 490/1 | - | €925 | +€925 | |
| Total equity and liabilities | 10/49 | €353,894 | €316,759 | -€37,134 | -10.5% |
| Equity | 10/15 | €348,537 | €308,645 | -€39,891 | -11.4% |
| Contributions | 10/11 | €71,889 | €71,889 | = | 0.0% |
| Reserves | 13 | €158,473 | €158,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,189 | €7,189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,189 | €7,189 | = | 0.0% |
| Distributable reserves | 133 | €151,284 | €151,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,175 | €78,283 | -€39,891 | -33.8% |
| Amounts payable | 17/49 | €5,357 | €8,114 | +€2,757 | +51.5% |
| Amounts payable within one year | 42/48 | €5,357 | €8,114 | +€2,757 | +51.5% |
| Trade debts | 44 | €2,944 | €2,741 | -€203 | -6.9% |
| Suppliers | 440/4 | €2,944 | €2,741 | -€203 | -6.9% |
| Taxes, remuneration and social security | 45 | €2,413 | €3,608 | +€1,195 | +49.5% |
| Taxes | 450/3 | €2,413 | €3,608 | +€1,195 | +49.5% |
| Other amounts payable | 47/48 | - | €1,765 | +€1,765 | |
| Non-recurring operating income | 76A | - | €15,760 | +€15,760 | |
| Other operating charges | 640/8 | €5,028 | €4,683 | -€345 | -6.9% |
| Gross operating margin | 9900 | -€79,800 | -€36,146 | +€43,654 | +54.7% |
| Operating profit (loss) | 9901 | -€84,829 | -€40,830 | +€43,999 | +51.9% |
| Financial income | 75/76B | €198 | €1,829 | +€1,631 | +824.0% |
| Recurring financial income | 75 | €198 | €1,829 | +€1,631 | +824.0% |
| Financial charges | 65/66B | €1,221 | €767 | -€454 | -37.2% |
| Recurring financial charges | 65 | €1,221 | €767 | -€454 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€85,852 | -€39,768 | +€46,084 | +53.7% |
| Income taxes | 67/77 | €519 | €124 | -€395 | -76.2% |
| Profit (loss) for the period | 9904 | -€86,370 | -€39,891 | +€46,479 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,370 | -€39,891 | +€46,479 | +53.8% |
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.