VANSTEELANDT INVEST: what changed
What changed
VANSTEELANDT INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€108,902
2024 · €108,310+€592
Equity
€1.6m
2024 · €1.5m+€108,902
Cash
€12,697
2024 · €30,992-€18,295
Balance sheet total
€3.3m
2024 · €3.2m+€145,563
Largest movements
Assets
- Tangible fixed assets +€172,889
up €172,889 (+9.0%), from €1.9m to €2.1m
- Stocks and contracts -€54,928
down €54,928 (-100%), from €54,928 to €0
- Receivables within one year +€45,798
up €45,798 (+66.7%), from €68,673 to €114,471
of which Other amounts receivable: +€31,006
Equity and liabilities
- Reserves +€108,902
up €108,902 (+9.3%), from €1.2m to €1.3m
of which Distributable reserves: +€141,571
- Debts after one year +€57,418
up €57,418 (+6.9%), from €838,009 to €895,427
Income statement
- Depreciation +€13,594
up €13,594 (+14.4%), from €94,089 to €107,683
- Gross operating margin +€13,550
up €13,550 (+4.5%), from €303,056 to €316,606
- Other operating charges +€3,471
up €3,471 (+24.0%), from €14,449 to €17,920
Change in the result, 2024 to 2025
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 2024
€108,310
Gross operating margin
+€13,550
Depreciation
-€13,594
Other operating charges
-€3,471
Financial income
+€1,842
Financial charges
-€637
Taxes
+€2,903
Result 2025
€108,902
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€214,976
Investment
-€280,572
Financing
+€47,300
Cash 2024
€30,992
From operations (derived)
+€214,976
Net result for the year
+€108,902
Depreciation
+€107,683
Stocks and contracts
+€54,928
Receivables within one year
-€45,798
Deferred charges and accrued income
-€99
Provisions
-€10,889
Trade debts
+€14,358
Tax, wage and social debts
-€3,070
Other debts
-€12,037
Accrued charges and deferred income
+€998
Investment (derived)
-€280,572
Investment in fixed assets (net)
-€280,572
Financing
+€47,300
Debts after one year
+€57,418
Current portion of long-term debt
-€13,420
Short-term financial debts
+€3,302
Cash 2025
€12,697
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,167,521 | €3,313,083 | +€145,563 | +4.6% |
| Fixed assets | 21/28 | €1,910,819 | €2,083,709 | +€172,889 | +9.0% |
| Tangible fixed assets | 22/27 | €1,910,819 | €2,083,709 | +€172,889 | +9.0% |
| Land and buildings | 22 | €1,910,819 | €2,083,709 | +€172,889 | +9.0% |
| Current assets | 29/58 | €1,256,701 | €1,229,375 | -€27,327 | -2.2% |
| Amounts receivable after more than one year | 29 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,100,000 | €1,100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €54,928 | €0 | -€54,928 | -100% |
| Stocks | 30/36 | €54,928 | €0 | -€54,928 | -100% |
| Amounts receivable within one year | 40/41 | €68,673 | €114,471 | +€45,798 | +66.7% |
| Trade receivables | 40 | €34,992 | €49,783 | +€14,792 | +42.3% |
| Other amounts receivable | 41 | €33,682 | €64,688 | +€31,006 | +92.1% |
| Cash at bank and in hand | 54/58 | €30,992 | €12,697 | -€18,295 | -59.0% |
| Deferred charges and accrued income | 490/1 | €2,108 | €2,206 | +€99 | +4.7% |
| Total equity and liabilities | 10/49 | €3,167,521 | €3,313,083 | +€145,563 | +4.6% |
| Equity | 10/15 | €1,451,077 | €1,559,979 | +€108,902 | +7.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,170,838 | €1,279,740 | +€108,902 | +9.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €717,353 | €684,685 | -€32,668 | -4.6% |
| Distributable reserves | 133 | €453,484 | €595,055 | +€141,571 | +31.2% |
| Profit (loss) carried forward | 14 | €267,739 | €267,739 | = | 0.0% |
| Provisions and deferred taxes | 16 | €317,092 | €306,203 | -€10,889 | -3.4% |
| Provisions for liabilities and charges | 160/5 | €77,975 | €77,975 | = | 0.0% |
| Pensions and similar obligations | 160 | €77,975 | €77,975 | = | 0.0% |
| Deferred taxes | 168 | €239,118 | €228,228 | -€10,889 | -4.6% |
| Amounts payable | 17/49 | €1,399,352 | €1,446,902 | +€47,550 | +3.4% |
| Amounts payable after more than one year | 17 | €838,009 | €895,427 | +€57,418 | +6.9% |
| Financial debts | 170/4 | €838,009 | €895,427 | +€57,418 | +6.9% |
| Amounts payable within one year | 42/48 | €561,343 | €550,477 | -€10,866 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €150,387 | €136,967 | -€13,420 | -8.9% |
| Financial debts | 43 | €13,535 | €16,837 | +€3,302 | +24.4% |
| Credit institutions | 430/8 | €13,535 | €16,837 | +€3,302 | +24.4% |
| Trade debts | 44 | €10,995 | €25,353 | +€14,358 | +131% |
| Suppliers | 440/4 | €10,995 | €25,353 | +€14,358 | +131% |
| Taxes, remuneration and social security | 45 | €13,000 | €9,930 | -€3,070 | -23.6% |
| Taxes | 450/3 | €11,500 | €9,930 | -€1,570 | -13.7% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €373,426 | €361,390 | -€12,037 | -3.2% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,089 | €107,683 | +€13,594 | +14.4% |
| Other operating charges | 640/8 | €14,449 | €17,920 | +€3,471 | +24.0% |
| Gross operating margin | 9900 | €303,056 | €316,606 | +€13,550 | +4.5% |
| Operating profit (loss) | 9901 | €194,519 | €191,003 | -€3,515 | -1.8% |
| Financial income | 75/76B | €22 | €1,864 | +€1,842 | +8,437% |
| Recurring financial income | 75 | €22 | €1,864 | +€1,842 | +8,437% |
| Financial charges | 65/66B | €35,874 | €36,512 | +€637 | +1.8% |
| Recurring financial charges | 65 | €35,874 | €36,512 | +€637 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €158,666 | €156,355 | -€2,311 | -1.5% |
| Transfer from deferred taxes | 780 | €10,889 | €10,889 | = | 0.0% |
| Income taxes | 67/77 | €61,246 | €58,343 | -€2,903 | -4.7% |
| Profit (loss) for the period | 9904 | €108,310 | €108,902 | +€592 | +0.5% |
| Transfer from tax-exempt reserves | 789 | €32,668 | €32,668 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,978 | €141,571 | +€592 | +0.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 29 September 2024 and 29 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.