Vansteen: 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.
Vansteen
Largest movements
- Cash +€18,612
up €18,612 (+247831.7%), from €8 to €18,620
mainly Net result for the year (+€19,927) and Depreciation (+€6,791)
- Tangible fixed assets -€6,791
down €6,791 (-36.1%), from €18,797 to €12,006
- Receivables within one year +€6,338
up €6,338 (+2159.2%), from €294 to €6,632
of which Other amounts receivable: +€3,463
- Reserves +€11,901
up €11,901 (+139.2%), from €8,551 to €20,452
- Profit (loss) carried forward +€8,026
no longer reported in 2025 (was -€8,026)
- Debts after one year -€5,143
down €5,143 (-62.8%), from €8,191 to €3,048
- Tax, wage and social debts +€3,324
up €3,324 (+137.2%), from €2,423 to €5,747
of which Taxes: +€5,352
- Trade debts +€534
up €534 (+58.5%), from €913 to €1,447
- Gross operating margin +€31,597
up €31,597, from -€469 to €31,128
- Taxes +€3,575
up €3,575 (+2562.5%), from €140 to €3,715
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.
Cash bridge derived
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 | €20,614 | €38,836 | +€18,222 | +88.4% |
| Fixed assets | 21/28 | €18,797 | €12,006 | -€6,791 | -36.1% |
| Tangible fixed assets | 22/27 | €18,797 | €12,006 | -€6,791 | -36.1% |
| Furniture and vehicles | 24 | €18,797 | €12,006 | -€6,791 | -36.1% |
| Current assets | 29/58 | €1,817 | €26,830 | +€25,013 | +1376.8% |
| Amounts receivable within one year | 40/41 | €294 | €6,632 | +€6,338 | +2159.2% |
| Trade receivables | 40 | €242 | €3,118 | +€2,876 | +1188.3% |
| Other amounts receivable | 41 | €52 | €3,514 | +€3,463 | +6716.9% |
| Cash at bank and in hand | 54/58 | €8 | €18,620 | +€18,612 | +247831.7% |
| Deferred charges and accrued income | 490/1 | €1,516 | €1,579 | +€63 | +4.2% |
| Total equity and liabilities | 10/49 | €20,614 | €38,836 | +€18,222 | +88.4% |
| Equity | 10/15 | €3,525 | €23,452 | +€19,927 | +565.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,551 | €20,452 | +€11,901 | +139.2% |
| Distributable reserves | 133 | €8,551 | €20,452 | +€11,901 | +139.2% |
| Profit (loss) carried forward | 14 | -€8,026 | - | +€8,026 | |
| Amounts payable | 17/49 | €17,089 | €15,384 | -€1,704 | -10.0% |
| Amounts payable after more than one year | 17 | €8,191 | €3,048 | -€5,143 | -62.8% |
| Financial debts | 170/4 | €8,191 | €3,048 | -€5,143 | -62.8% |
| Amounts payable within one year | 42/48 | €8,772 | €12,336 | +€3,564 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €5,040 | €5,143 | +€102 | +2.0% |
| Trade debts | 44 | €913 | €1,447 | +€534 | +58.5% |
| Suppliers | 440/4 | €913 | €1,447 | +€534 | +58.5% |
| Taxes, remuneration and social security | 45 | €2,423 | €5,747 | +€3,324 | +137.2% |
| Taxes | 450/3 | €395 | €5,747 | +€5,352 | +1355.1% |
| Remuneration and social security | 454/9 | €2,028 | - | -€2,028 | |
| Other amounts payable | 47/48 | €395 | - | -€395 | |
| Accrued charges and deferred income | 492/3 | €126 | - | -€126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,943 | €6,791 | -€152 | -2.2% |
| Other operating charges | 640/8 | €279 | €356 | +€77 | +27.4% |
| Gross operating margin | 9900 | -€469 | €31,128 | +€31,597 | |
| Operating profit (loss) | 9901 | -€7,692 | €23,981 | +€31,673 | |
| Financial income | 75/76B | €263 | €25 | -€238 | -90.5% |
| Recurring financial income | 75 | €263 | €25 | -€238 | -90.5% |
| Financial charges | 65/66B | €457 | €365 | -€92 | -20.2% |
| Recurring financial charges | 65 | €457 | €365 | -€92 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,886 | €23,641 | +€31,527 | |
| Income taxes | 67/77 | €140 | €3,715 | +€3,575 | +2562.5% |
| Profit (loss) for the period | 9904 | -€8,026 | €19,927 | +€27,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,026 | €19,927 | +€27,952 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.