Vansteenbrugge J.: 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.
Vansteenbrugge J.
Largest movements
- Tangible fixed assets -€14,260
down €14,260 (-4.0%), from €353,798 to €339,537
of which Land and buildings: -€14,126
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€9,052
up €9,052 (+86.3%), from €10,491 to €19,543
- Financial income +€8,618
up €8,618 (+388.6%), from €2,218 to €10,836
- Gross operating margin -€6,064
down €6,064 (-27.4%), from €22,139 to €16,075
- Financial charges -€3,512
down €3,512 (-92.9%), from €3,781 to €269
- Taxes -€1,199
down €1,199 (-23.4%), from €5,119 to €3,920
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 | €788,100 | €779,126 | -€8,974 | -1.1% |
| Fixed assets | 21/28 | €359,360 | €345,100 | -€14,260 | -4.0% |
| Tangible fixed assets | 22/27 | €353,798 | €339,537 | -€14,260 | -4.0% |
| Land and buildings | 22 | €336,355 | €322,229 | -€14,126 | -4.2% |
| Plant, machinery and equipment | 23 | €17,443 | €17,308 | -€135 | -0.8% |
| Financial fixed assets | 28 | €5,563 | €5,563 | = | 0.0% |
| Current assets | 29/58 | €428,740 | €434,026 | +€5,286 | +1.2% |
| Amounts receivable within one year | 40/41 | - | €2,705 | +€2,705 | |
| Other amounts receivable | 41 | - | €2,705 | +€2,705 | |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €155,146 | €151,650 | -€3,496 | -2.3% |
| Deferred charges and accrued income | 490/1 | €23,594 | €29,670 | +€6,077 | +25.8% |
| Total equity and liabilities | 10/49 | €788,100 | €779,126 | -€8,974 | -1.1% |
| Equity | 10/15 | €761,159 | €761,936 | +€777 | +0.1% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €499,159 | €499,936 | +€777 | +0.2% |
| Tax-exempt reserves | 132 | €14,485 | €6,976 | -€7,509 | -51.8% |
| Distributable reserves | 133 | €484,674 | €492,960 | +€8,285 | +1.7% |
| Provisions and deferred taxes | 16 | €7,459 | €3,592 | -€3,866 | -51.8% |
| Deferred taxes | 168 | €7,459 | €3,592 | -€3,866 | -51.8% |
| Amounts payable | 17/49 | €19,482 | €13,598 | -€5,885 | -30.2% |
| Amounts payable within one year | 42/48 | €17,800 | €11,916 | -€5,884 | -33.1% |
| Trade debts | 44 | €6,644 | €0 | -€6,644 | -100.0% |
| Suppliers | 440/4 | €6,644 | €0 | -€6,644 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,119 | €5,119 | = | 0.0% |
| Taxes | 450/3 | €5,119 | €5,119 | = | 0.0% |
| Other amounts payable | 47/48 | €6,037 | €6,797 | +€760 | +12.6% |
| Accrued charges and deferred income | 492/3 | €1,682 | €1,682 | -€1 | -0.1% |
| Non-recurring operating income | 76A | €150 | €0 | -€150 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,491 | €19,543 | +€9,052 | +86.3% |
| Other operating charges | 640/8 | €6,291 | €6,269 | -€22 | -0.3% |
| Gross operating margin | 9900 | €22,139 | €16,075 | -€6,064 | -27.4% |
| Operating profit (loss) | 9901 | €5,357 | -€9,736 | -€15,094 | |
| Financial income | 75/76B | €2,218 | €10,836 | +€8,618 | +388.6% |
| Recurring financial income | 75 | €2,218 | €10,836 | +€8,618 | +388.6% |
| Financial charges | 65/66B | €3,781 | €269 | -€3,512 | -92.9% |
| Recurring financial charges | 65 | €3,781 | €269 | -€3,512 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €3,794 | €830 | -€2,964 | -78.1% |
| Transfer from deferred taxes | 780 | €3,866 | €3,866 | = | 0.0% |
| Income taxes | 67/77 | €5,119 | €3,920 | -€1,199 | -23.4% |
| Profit (loss) for the period | 9904 | €2,541 | €777 | -€1,764 | -69.4% |
| Transfer from tax-exempt reserves | 789 | €7,509 | €7,509 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,050 | €8,285 | -€1,764 | -17.6% |
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 7 October 2026 via checked.be.