VANSTAPEL STEFAN: 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.
VANSTAPEL STEFAN
Largest movements
- Tangible fixed assets +€121,101
up €121,101 (+58.8%), from €206,014 to €327,115
of which Land and buildings: +€130,290
- Receivables within one year -€23,838
down €23,838 (-45.8%), from €52,046 to €28,209
of which Other amounts receivable: -€24,689
- Other debts +€77,822
up €77,822 (+105%), from €73,992 to €151,815
- Reserves +€38,140
up €38,140 (+45.6%), from €83,650 to €121,790
- Debts after one year -€14,686
down €14,686 (-15.1%), from €97,293 to €82,607
- Tax, wage and social debts -€12,786
down €12,786 (-84.1%), from €15,207 to €2,421
of which Taxes: -€10,460
- Accrued charges and deferred income +€6,949
new in 2025: €6,949
- Gross operating margin +€12,230
up €12,230 (+17.3%), from €70,513 to €82,744
- Depreciation +€6,640
up €6,640 (+46.1%), from €14,401 to €21,041
- Financial charges +€4,667
up €4,667 (+71.5%), from €6,523 to €11,190
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 | €296,377 | €393,973 | +€97,596 | +32.9% |
| Fixed assets | 21/28 | €206,014 | €327,115 | +€121,101 | +58.8% |
| Tangible fixed assets | 22/27 | €206,014 | €327,115 | +€121,101 | +58.8% |
| Land and buildings | 22 | €179,109 | €309,399 | +€130,290 | +72.7% |
| Plant, machinery and equipment | 23 | €4,627 | €7,672 | +€3,045 | +65.8% |
| Furniture and vehicles | 24 | €22,277 | €10,043 | -€12,234 | -54.9% |
| Current assets | 29/58 | €90,363 | €66,859 | -€23,505 | -26.0% |
| Stocks and contracts in progress | 3 | €26,674 | €30,282 | +€3,609 | +13.5% |
| Stocks | 30/36 | €26,674 | €30,282 | +€3,609 | +13.5% |
| Amounts receivable within one year | 40/41 | €52,046 | €28,209 | -€23,838 | -45.8% |
| Trade receivables | 40 | €22,018 | €22,869 | +€852 | +3.9% |
| Other amounts receivable | 41 | €30,029 | €5,339 | -€24,689 | -82.2% |
| Cash at bank and in hand | 54/58 | €11,643 | €8,367 | -€3,276 | -28.1% |
| Total equity and liabilities | 10/49 | €296,377 | €393,973 | +€97,596 | +32.9% |
| Equity | 10/15 | €86,650 | €124,790 | +€38,140 | +44.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,650 | €121,790 | +€38,140 | +45.6% |
| Distributable reserves | 133 | €83,650 | €121,790 | +€38,140 | +45.6% |
| Amounts payable | 17/49 | €209,727 | €269,183 | +€59,456 | +28.3% |
| Amounts payable after more than one year | 17 | €97,293 | €82,607 | -€14,686 | -15.1% |
| Financial debts | 170/4 | €97,293 | €82,607 | -€14,686 | -15.1% |
| Amounts payable within one year | 42/48 | €112,434 | €179,627 | +€67,193 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €14,128 | €14,686 | +€559 | +4.0% |
| Trade debts | 44 | €9,107 | €10,704 | +€1,598 | +17.5% |
| Suppliers | 440/4 | €9,107 | €10,704 | +€1,598 | +17.5% |
| Taxes, remuneration and social security | 45 | €15,207 | €2,421 | -€12,786 | -84.1% |
| Taxes | 450/3 | €12,881 | €2,421 | -€10,460 | -81.2% |
| Remuneration and social security | 454/9 | €2,326 | - | -€2,326 | |
| Other amounts payable | 47/48 | €73,992 | €151,815 | +€77,822 | +105% |
| Accrued charges and deferred income | 492/3 | - | €6,949 | +€6,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,401 | €21,041 | +€6,640 | +46.1% |
| Other operating charges | 640/8 | €891 | €859 | -€33 | -3.7% |
| Gross operating margin | 9900 | €70,513 | €82,744 | +€12,230 | +17.3% |
| Operating profit (loss) | 9901 | €55,220 | €60,844 | +€5,623 | +10.2% |
| Financial income | 75/76B | €196 | €176 | -€20 | -10.2% |
| Recurring financial income | 75 | €196 | €176 | -€20 | -10.2% |
| Financial charges | 65/66B | €6,523 | €11,190 | +€4,667 | +71.5% |
| Recurring financial charges | 65 | €6,523 | €11,190 | +€4,667 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €48,893 | €49,830 | +€936 | +1.9% |
| Income taxes | 67/77 | €12,030 | €11,689 | -€341 | -2.8% |
| Profit (loss) for the period | 9904 | €36,863 | €38,140 | +€1,277 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,863 | €38,140 | +€1,277 | +3.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.