VAN STEERTEGHEM THEO: what changed
What changed
VAN STEERTEGHEM THEO
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€892
2023 · €2,294-€1,402
Equity
€173,878
2023 · €172,986+€892
Cash
€2,804
2023 · €12,733-€9,929
Balance sheet total
€311,278
2023 · €350,857-€39,579
Largest movements
Assets
- Receivables within one year -€21,151
down €21,151 (-13.7%), from €154,445 to €133,294
of which Trade receivables: -€15,805
- Cash -€9,929
down €9,929 (-78.0%), from €12,733 to €2,804
mainly Trade debts (-€29,360) and Debts after one year (-€20,359)
- Tangible fixed assets -€5,532
down €5,532 (-22.0%), from €25,156 to €19,624
of which Furniture and vehicles: -€3,794
- Stocks and contracts -€4,223
down €4,223 (-2.9%), from €146,473 to €142,250
Equity and liabilities
- Trade debts -€29,360
down €29,360 (-40.5%), from €72,568 to €43,207
- Other debts +€27,738
up €27,738 (+1,292%), from €2,146 to €29,884
- Debts after one year -€20,359
down €20,359 (-37.2%), from €54,675 to €34,316
- Short-term financial debts -€19,784
down €19,784 (-100%), from €19,784 to €0
Income statement
- Gross operating margin -€13,535
down €13,535 (-13.6%), from €99,500 to €85,964
- Depreciation -€13,341
down €13,341 (-60.5%), from €22,044 to €8,703
Change in the result, 2023 to 2024
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 2023
€2,294
Gross operating margin
-€13,535
Staff costs
-€686
Depreciation
+€13,341
Other operating charges
-€535
Financial income
-€15
Financial charges
+€694
Taxes
-€667
Result 2024
€892
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,145
Investment
-€2,891
Financing
-€39,183
Cash 2023
€12,733
From operations (derived)
+€32,145
Net result for the year
+€892
Depreciation
+€8,703
Stocks and contracts
+€4,223
Receivables within one year
+€21,151
Deferred charges and accrued income
-€1,536
Trade debts
-€29,360
Tax, wage and social debts
+€334
Other debts
+€27,738
Investment (derived)
-€2,891
Investment in fixed assets (net)
-€2,891
Financing
-€39,183
Debts after one year
-€20,359
Current portion of long-term debt
+€960
Short-term financial debts
-€19,784
Cash 2024
€2,804
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,857 | €311,278 | -€39,579 | -11.3% |
| Fixed assets | 21/28 | €27,528 | €21,716 | -€5,812 | -21.1% |
| Intangible fixed assets | 21 | €1,215 | €935 | -€280 | -23.0% |
| Tangible fixed assets | 22/27 | €25,156 | €19,624 | -€5,532 | -22.0% |
| Plant, machinery and equipment | 23 | €16,032 | €14,294 | -€1,738 | -10.8% |
| Furniture and vehicles | 24 | €9,124 | €5,330 | -€3,794 | -41.6% |
| Financial fixed assets | 28 | €1,157 | €1,157 | = | 0.0% |
| Current assets | 29/58 | €323,329 | €289,562 | -€33,767 | -10.4% |
| Stocks and contracts in progress | 3 | €146,473 | €142,250 | -€4,223 | -2.9% |
| Stocks | 30/36 | €146,473 | €142,250 | -€4,223 | -2.9% |
| Amounts receivable within one year | 40/41 | €154,445 | €133,294 | -€21,151 | -13.7% |
| Trade receivables | 40 | €140,783 | €124,978 | -€15,805 | -11.2% |
| Other amounts receivable | 41 | €13,662 | €8,316 | -€5,346 | -39.1% |
| Cash at bank and in hand | 54/58 | €12,733 | €2,804 | -€9,929 | -78.0% |
| Deferred charges and accrued income | 490/1 | €9,679 | €11,214 | +€1,536 | +15.9% |
| Total equity and liabilities | 10/49 | €350,857 | €311,278 | -€39,579 | -11.3% |
| Equity | 10/15 | €172,986 | €173,878 | +€892 | +0.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €8,055 | €8,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €3,076 | €3,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,142 | €141,034 | +€892 | +0.6% |
| Provisions and deferred taxes | 16 | €8,676 | €8,676 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,676 | €8,676 | = | 0.0% |
| Other liabilities and charges | 164/5 | €8,676 | €8,676 | = | 0.0% |
| Amounts payable | 17/49 | €169,194 | €128,723 | -€40,471 | -23.9% |
| Amounts payable after more than one year | 17 | €54,675 | €34,316 | -€20,359 | -37.2% |
| Financial debts | 170/4 | €54,675 | €34,316 | -€20,359 | -37.2% |
| Amounts payable within one year | 42/48 | €114,519 | €94,407 | -€20,112 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €19,399 | €20,359 | +€960 | +4.9% |
| Financial debts | 43 | €19,784 | €0 | -€19,784 | -100% |
| Credit institutions | 430/8 | €19,784 | €0 | -€19,784 | -100% |
| Trade debts | 44 | €72,568 | €43,207 | -€29,360 | -40.5% |
| Suppliers | 440/4 | €72,568 | €43,207 | -€29,360 | -40.5% |
| Taxes, remuneration and social security | 45 | €623 | €957 | +€334 | +53.7% |
| Taxes | 450/3 | €623 | €957 | +€334 | +53.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,146 | €29,884 | +€27,738 | +1,292% |
| Remuneration, social security and pensions | 62 | €67,696 | €68,382 | +€686 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,044 | €8,703 | -€13,341 | -60.5% |
| Other operating charges | 640/8 | €1,155 | €1,690 | +€535 | +46.3% |
| Gross operating margin | 9900 | €99,500 | €85,964 | -€13,535 | -13.6% |
| Operating profit (loss) | 9901 | €8,603 | €7,189 | -€1,415 | -16.4% |
| Financial income | 75/76B | €27 | €12 | -€15 | -55.3% |
| Recurring financial income | 75 | €27 | €12 | -€15 | -55.3% |
| Financial charges | 65/66B | €6,669 | €5,975 | -€694 | -10.4% |
| Recurring financial charges | 65 | €6,669 | €5,975 | -€694 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €1,961 | €1,226 | -€735 | -37.5% |
| Income taxes | 67/77 | -€332 | €334 | +€667 | |
| Profit (loss) for the period | 9904 | €2,294 | €892 | -€1,402 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,294 | €892 | -€1,402 | -61.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.