VANSTEELANDT: what changed
Two fiscal 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.
VANSTEELANDT
Largest movements
- Intangible fixed assets +€678,403
up €678,403 (+178.8%), from €379,455 to €1.1m
- Stocks and contracts -€523,071
down €523,071 (-71.7%), from €729,791 to €206,720
- Tangible fixed assets +€174,588
up €174,588 (+38.1%), from €457,722 to €632,310
of which Plant, machinery and equipment: +€169,082
- Receivables within one year +€97,639
up €97,639 (+28.1%), from €347,118 to €444,757
of which Trade receivables: +€102,160
- Accrued charges and deferred income +€347,667
up €347,667 (+1695.9%), from €20,500 to €368,167
- Profit (loss) carried forward -€339,616
down €339,616 (-39.1%), from -€868,023 to -€1.2m
- Other debts +€225,694
up €225,694 (+96491.7%), from €234 to €225,928
- Tax, wage and social debts +€120,533
up €120,533 (+150.7%), from €79,968 to €200,501
of which Taxes: +€74,465
- Trade debts +€68,397
up €68,397 (+18.8%), from €362,855 to €431,252
- Staff costs +€102,897
up €102,897 (+15.3%), from €674,374 to €777,271
- Financial charges +€25,927
up €25,927 (+36.2%), from €71,563 to €97,490
- Gross operating margin +€17,033
up €17,033 (+2.0%), from €861,953 to €878,986
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,299,145 | €2,773,461 | +€474,316 | +20.6% |
| Fixed assets | 21/28 | €837,284 | €1,690,274 | +€852,990 | +101.9% |
| Intangible fixed assets | 21 | €379,455 | €1,057,858 | +€678,403 | +178.8% |
| Tangible fixed assets | 22/27 | €457,722 | €632,310 | +€174,588 | +38.1% |
| Land and buildings | 22 | €6,602 | €4,952 | -€1,650 | -25.0% |
| Plant, machinery and equipment | 23 | €333,681 | €502,763 | +€169,082 | +50.7% |
| Furniture and vehicles | 24 | €117,439 | €124,595 | +€7,156 | +6.1% |
| Financial fixed assets | 28 | €106 | €106 | -€0 | -0.3% |
| Current assets | 29/58 | €1,461,861 | €1,083,187 | -€378,674 | -25.9% |
| Stocks and contracts in progress | 3 | €729,791 | €206,720 | -€523,071 | -71.7% |
| Contracts in progress | 37 | €729,791 | €206,720 | -€523,071 | -71.7% |
| Amounts receivable within one year | 40/41 | €347,118 | €444,757 | +€97,639 | +28.1% |
| Trade receivables | 40 | €342,121 | €444,281 | +€102,160 | +29.9% |
| Other amounts receivable | 41 | €4,997 | €476 | -€4,521 | -90.5% |
| Cash at bank and in hand | 54/58 | €384,952 | €411,895 | +€26,943 | +7.0% |
| Deferred charges and accrued income | 490/1 | €0 | €19,815 | +€19,815 | |
| Total equity and liabilities | 10/49 | €2,299,145 | €2,773,461 | +€474,316 | +20.6% |
| Equity | 10/15 | €452,323 | €112,707 | -€339,616 | -75.1% |
| Contributions | 10/11 | €799,579 | €799,579 | +€0 | 0.0% |
| Reserves | 13 | €520,767 | €520,767 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | - | -€4,958 | |
| Reserves not available under the articles | 1311 | €4,958 | - | -€4,958 | |
| Tax-exempt reserves | 132 | €13,426 | €13,426 | +€0 | 0.0% |
| Distributable reserves | 133 | €502,384 | €507,341 | +€4,957 | +1.0% |
| Profit (loss) carried forward | 14 | -€868,023 | -€1,207,639 | -€339,616 | -39.1% |
| Amounts payable | 17/49 | €1,846,822 | €2,660,754 | +€813,932 | +44.1% |
| Amounts payable after more than one year | 17 | €1,282,071 | €1,339,343 | +€57,272 | +4.5% |
| Financial debts | 170/4 | €1,282,071 | €682,356 | -€599,715 | -46.8% |
| Other amounts payable | 178/9 | - | €656,987 | +€656,987 | |
| Amounts payable within one year | 42/48 | €544,251 | €953,244 | +€408,993 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | €101,195 | €76,624 | -€24,571 | -24.3% |
| Financial debts | 43 | - | €18,939 | +€18,939 | |
| Credit institutions | 430/8 | - | €18,939 | +€18,939 | |
| Trade debts | 44 | €362,855 | €431,252 | +€68,397 | +18.8% |
| Suppliers | 440/4 | €362,855 | €431,252 | +€68,397 | +18.8% |
| Taxes, remuneration and social security | 45 | €79,968 | €200,501 | +€120,533 | +150.7% |
| Taxes | 450/3 | €2,555 | €77,020 | +€74,465 | +2914.0% |
| Remuneration and social security | 454/9 | €77,412 | €123,481 | +€46,069 | +59.5% |
| Other amounts payable | 47/48 | €234 | €225,928 | +€225,694 | +96491.7% |
| Accrued charges and deferred income | 492/3 | €20,500 | €368,167 | +€347,667 | +1695.9% |
| Remuneration, social security and pensions | 62 | €674,374 | €777,271 | +€102,897 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336,941 | €337,527 | +€586 | +0.2% |
| Other operating charges | 640/8 | €4,067 | €5,022 | +€955 | +23.5% |
| Gross operating margin | 9900 | €861,953 | €878,986 | +€17,033 | +2.0% |
| Operating profit (loss) | 9901 | -€153,430 | -€240,834 | -€87,404 | -57.0% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €71,563 | €97,490 | +€25,927 | +36.2% |
| Recurring financial charges | 65 | €71,563 | €97,490 | +€25,927 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | -€224,981 | -€338,324 | -€113,343 | -50.4% |
| Income taxes | 67/77 | €0 | €1,292 | +€1,292 | |
| Profit (loss) for the period | 9904 | -€224,981 | -€339,616 | -€114,635 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,981 | -€339,616 | -€114,635 | -51.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.