VAN STEENWEGHEN: 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 STEENWEGHEN
Largest movements
- Cash -€237,923
down €237,923 (-22.6%), from €1.1m to €817,052
mainly Short-term financial debts (-€150,778) and Net result for the year (-€67,533)
- Receivables within one year -€45,556
down €45,556 (-16.9%), from €270,156 to €224,600
of which Trade receivables: -€105,616
- Tangible fixed assets -€22,560
down €22,560 (-36.3%), from €62,191 to €39,632
- Short-term financial debts -€150,778
no longer reported in 2025 (was €150,778)
- Reserves -€129,702
down €129,702 (-17.3%), from €750,794 to €621,092
of which Distributable reserves: -€129,702
- Other debts +€62,791
new in 2025: €62,791
- Debts after one year -€47,311
down €47,311 (-88.6%), from €53,418 to €6,107
- Current portion of long-term debt -€42,260
down €42,260 (-69.2%), from €61,036 to €18,775
- Gross operating margin -€1.4m
down €1.4m, from €1.3m to -€46,686
- Write-downs -€529,672
no longer reported in 2025 (was €529,672)
- Taxes -€161,897
down €161,897 (-99.8%), from €162,169 to €272
- Staff costs -€131,369
no longer reported in 2025 (was €131,369)
- Financial income +€19,149
up €19,149 (+1,141%), from €1,678 to €20,827
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 | €1,495,561 | €1,187,083 | -€308,478 | -20.6% |
| Fixed assets | 21/28 | €116,191 | €93,632 | -€22,560 | -19.4% |
| Tangible fixed assets | 22/27 | €62,191 | €39,632 | -€22,560 | -36.3% |
| Land and buildings | 22 | €1,367 | €870 | -€497 | -36.4% |
| Plant, machinery and equipment | 23 | - | €997 | +€997 | |
| Furniture and vehicles | 24 | €26,462 | €15,614 | -€10,849 | -41.0% |
| Leasing and similar rights | 25 | €22,924 | €13,593 | -€9,331 | -40.7% |
| Other tangible fixed assets | 26 | €11,438 | €8,558 | -€2,880 | -25.2% |
| Financial fixed assets | 28 | €54,000 | €54,000 | = | 0.0% |
| Current assets | 29/58 | €1,379,370 | €1,093,451 | -€285,919 | -20.7% |
| Amounts receivable within one year | 40/41 | €270,156 | €224,600 | -€45,556 | -16.9% |
| Trade receivables | 40 | €123,216 | €17,600 | -€105,616 | -85.7% |
| Other amounts receivable | 41 | €146,940 | €207,000 | +€60,060 | +40.9% |
| Cash at bank and in hand | 54/58 | €1,054,975 | €817,052 | -€237,923 | -22.6% |
| Deferred charges and accrued income | 490/1 | €54,239 | €51,799 | -€2,440 | -4.5% |
| Total equity and liabilities | 10/49 | €1,495,561 | €1,187,083 | -€308,478 | -20.6% |
| Equity | 10/15 | €1,219,394 | €1,089,692 | -€129,702 | -10.6% |
| Contributions | 10/11 | €468,600 | €468,600 | = | 0.0% |
| Reserves | 13 | €750,794 | €621,092 | -€129,702 | -17.3% |
| Tax-exempt reserves | 132 | €427,610 | €427,610 | = | 0.0% |
| Distributable reserves | 133 | €323,184 | €193,482 | -€129,702 | -40.1% |
| Amounts payable | 17/49 | €276,167 | €97,391 | -€178,776 | -64.7% |
| Amounts payable after more than one year | 17 | €53,418 | €6,107 | -€47,311 | -88.6% |
| Financial debts | 170/4 | €53,418 | €6,107 | -€47,311 | -88.6% |
| Amounts payable within one year | 42/48 | €218,974 | €87,606 | -€131,368 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €61,036 | €18,775 | -€42,260 | -69.2% |
| Financial debts | 43 | €150,778 | - | -€150,778 | |
| Credit institutions | 430/8 | €150,778 | - | -€150,778 | |
| Trade debts | 44 | €4,300 | €3,629 | -€671 | -15.6% |
| Suppliers | 440/4 | €4,300 | €3,629 | -€671 | -15.6% |
| Taxes, remuneration and social security | 45 | €2,860 | €2,410 | -€450 | -15.7% |
| Taxes | 450/3 | €2,860 | €2,410 | -€450 | -15.7% |
| Other amounts payable | 47/48 | - | €62,791 | +€62,791 | |
| Accrued charges and deferred income | 492/3 | €3,776 | €3,678 | -€98 | -2.6% |
| Non-recurring operating income | 76A | €1,008,357 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €131,369 | - | -€131,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,829 | €23,650 | -€1,179 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €529,672 | - | -€529,672 | |
| Other operating charges | 640/8 | €18,169 | €13,947 | -€4,222 | -23.2% |
| Gross operating margin | 9900 | €1,344,264 | -€46,686 | -€1.4m | |
| Operating profit (loss) | 9901 | €640,226 | -€84,282 | -€724,508 | |
| Financial income | 75/76B | €1,678 | €20,827 | +€19,149 | +1,141% |
| Recurring financial income | 75 | €1,678 | €20,827 | +€19,149 | +1,141% |
| Financial charges | 65/66B | €8,189 | €3,805 | -€4,383 | -53.5% |
| Recurring financial charges | 65 | €8,189 | €3,805 | -€4,383 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €633,714 | -€67,261 | -€700,975 | |
| Income taxes | 67/77 | €162,169 | €272 | -€161,897 | -99.8% |
| Profit (loss) for the period | 9904 | €471,546 | -€67,533 | -€539,078 | |
| Transfer to tax-exempt reserves | 689 | €421,000 | - | -€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,546 | -€67,533 | -€118,078 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.