VANSTEENHUYSE STEVEN: what changed
VANSTEENHUYSE STEVEN
Largest movements
- Receivables within one year -€17,437
down €17,437 (-21.6%), from €80,863 to €63,426
of which Other amounts receivable: -€62,180
- Tangible fixed assets +€4,179
up €4,179 (+34.6%), from €12,089 to €16,268
of which Land and buildings: +€8,628
- Cash +€2,581
up €2,581 (+18.6%), from €13,861 to €16,442
mainly Other debts (+€25,591) and Receivables within one year (+€17,437)
- Other debts +€25,591
new in 2025: €25,591
- Tax, wage and social debts -€21,160
down €21,160 (-72.6%), from €29,138 to €7,977
- Trade debts -€18,343
down €18,343 (-54.4%), from €33,694 to €15,351
- Reserves +€8,982
up €8,982 (+45.0%), from €19,949 to €28,931
- Current portion of long-term debt -€6,178
down €6,178 (-100%), from €6,178 to €0
- Gross operating margin +€2,010
up €2,010 (+11.4%), from €17,693 to €19,703
- Other operating charges +€1,248
up €1,248 (+151%), from €826 to €2,074
- Financial charges -€752
down €752 (-70.9%), from €1,060 to €308
- Depreciation +€547
up €547 (+7.9%), from €6,941 to €7,488
- Staff costs -€472
down €472 (-100%), from €472 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,558 | €96,450 | -€11,108 | -10.3% |
| Fixed assets | 21/28 | €12,089 | €16,268 | +€4,179 | +34.6% |
| Tangible fixed assets | 22/27 | €12,089 | €16,268 | +€4,179 | +34.6% |
| Land and buildings | 22 | €0 | €8,628 | +€8,628 | |
| Plant, machinery and equipment | 23 | €5,705 | €2,735 | -€2,970 | -52.1% |
| Furniture and vehicles | 24 | €6,384 | €4,904 | -€1,480 | -23.2% |
| Current assets | 29/58 | €95,469 | €80,183 | -€15,286 | -16.0% |
| Amounts receivable within one year | 40/41 | €80,863 | €63,426 | -€17,437 | -21.6% |
| Trade receivables | 40 | €14,742 | €59,485 | +€44,743 | +303% |
| Other amounts receivable | 41 | €66,120 | €3,941 | -€62,180 | -94.0% |
| Cash at bank and in hand | 54/58 | €13,861 | €16,442 | +€2,581 | +18.6% |
| Deferred charges and accrued income | 490/1 | €745 | €315 | -€430 | -57.7% |
| Total equity and liabilities | 10/49 | €107,558 | €96,450 | -€11,108 | -10.3% |
| Equity | 10/15 | €38,549 | €47,531 | +€8,982 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,949 | €28,931 | +€8,982 | +45.0% |
| Distributable reserves | 133 | €19,949 | €28,931 | +€8,982 | +45.0% |
| Amounts payable | 17/49 | €69,009 | €48,920 | -€20,089 | -29.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €69,009 | €48,920 | -€20,089 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €6,178 | €0 | -€6,178 | -100% |
| Trade debts | 44 | €33,694 | €15,351 | -€18,343 | -54.4% |
| Suppliers | 440/4 | €33,694 | €15,351 | -€18,343 | -54.4% |
| Taxes, remuneration and social security | 45 | €29,138 | €7,977 | -€21,160 | -72.6% |
| Taxes | 450/3 | €29,138 | €7,977 | -€21,160 | -72.6% |
| Other amounts payable | 47/48 | - | €25,591 | +€25,591 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €472 | €0 | -€472 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,941 | €7,488 | +€547 | +7.9% |
| Other operating charges | 640/8 | €826 | €2,074 | +€1,248 | +151% |
| Gross operating margin | 9900 | €17,693 | €19,703 | +€2,010 | +11.4% |
| Operating profit (loss) | 9901 | €9,454 | €10,141 | +€687 | +7.3% |
| Financial income | 75/76B | €4 | €47 | +€43 | +1,067% |
| Recurring financial income | 75 | €4 | €47 | +€43 | +1,067% |
| Financial charges | 65/66B | €1,060 | €308 | -€752 | -70.9% |
| Recurring financial charges | 65 | €1,060 | €308 | -€752 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €8,398 | €9,880 | +€1,482 | +17.6% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €763 | €898 | +€135 | +17.6% |
| Profit (loss) for the period | 9904 | €7,634 | €8,982 | +€1,347 | +17.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €7,634 | €8,982 | +€1,347 | +17.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.