VANSTEENKISTE: 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.
VANSTEENKISTE
Largest movements
- Current investments -€500,000
down €500,000 (-58.8%), from €850,000 to €350,000
- Cash +€211,660
up €211,660 (+34.3%), from €617,683 to €829,343
mainly Net result for the year (+€538,349) and Depreciation (+€530,213)
- Receivables within one year +€210,552
up €210,552 (+61.9%), from €340,038 to €550,590
of which Trade receivables: +€301,726
- Stocks and contracts +€142,000
up €142,000 (+25.9%), from €548,000 to €690,000
- Tangible fixed assets +€52,882
up €52,882 (+2.5%), from €2.1m to €2.2m
of which Furniture and vehicles: +€90,890
- Reserves +€338,349
up €338,349 (+11.3%), from €3.0m to €3.3m
of which Distributable reserves: +€311,371
- Trade debts -€110,289
down €110,289 (-38.8%), from €284,166 to €173,877
- Debts after one year -€90,282
down €90,282 (-12.4%), from €728,413 to €638,131
- Gross operating margin -€717,583
down €717,583 (-33.6%), from €2.1m to €1.4m
- Taxes -€146,027
down €146,027 (-49.3%), from €296,008 to €149,981
- Depreciation +€105,642
up €105,642 (+24.9%), from €424,571 to €530,213
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 | €4,490,180 | €4,621,549 | +€131,369 | +2.9% |
| Fixed assets | 21/28 | €2,117,368 | €2,170,250 | +€52,882 | +2.5% |
| Tangible fixed assets | 22/27 | €2,117,233 | €2,170,115 | +€52,882 | +2.5% |
| Land and buildings | 22 | €707,737 | €708,175 | +€437 | +0.1% |
| Plant, machinery and equipment | 23 | €562,334 | €523,888 | -€38,445 | -6.8% |
| Furniture and vehicles | 24 | €847,162 | €938,052 | +€90,890 | +10.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,372,813 | €2,451,300 | +€78,487 | +3.3% |
| Stocks and contracts in progress | 3 | €548,000 | €690,000 | +€142,000 | +25.9% |
| Stocks | 30/36 | €548,000 | €690,000 | +€142,000 | +25.9% |
| Amounts receivable within one year | 40/41 | €340,038 | €550,590 | +€210,552 | +61.9% |
| Trade receivables | 40 | €189,325 | €491,051 | +€301,726 | +159.4% |
| Other amounts receivable | 41 | €150,712 | €59,539 | -€91,174 | -60.5% |
| Current investments | 50/53 | €850,000 | €350,000 | -€500,000 | -58.8% |
| Cash at bank and in hand | 54/58 | €617,683 | €829,343 | +€211,660 | +34.3% |
| Deferred charges and accrued income | 490/1 | €17,092 | €31,368 | +€14,276 | +83.5% |
| Total equity and liabilities | 10/49 | €4,490,180 | €4,621,549 | +€131,369 | +2.9% |
| Equity | 10/15 | €3,045,268 | €3,383,617 | +€338,349 | +11.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €2,995,689 | €3,334,038 | +€338,349 | +11.3% |
| Tax-exempt reserves | 132 | €123,274 | €150,252 | +€26,978 | +21.9% |
| Distributable reserves | 133 | €2,872,415 | €3,183,786 | +€311,371 | +10.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €33,953 | €42,946 | +€8,993 | +26.5% |
| Deferred taxes | 168 | €33,953 | €42,946 | +€8,993 | +26.5% |
| Amounts payable | 17/49 | €1,410,960 | €1,194,987 | -€215,973 | -15.3% |
| Amounts payable after more than one year | 17 | €728,413 | €638,131 | -€90,282 | -12.4% |
| Financial debts | 170/4 | €728,413 | €638,131 | -€90,282 | -12.4% |
| Amounts payable within one year | 42/48 | €679,547 | €550,638 | -€128,909 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €107,421 | €90,282 | -€17,139 | -16.0% |
| Trade debts | 44 | €284,166 | €173,877 | -€110,289 | -38.8% |
| Suppliers | 440/4 | €284,166 | €173,877 | -€110,289 | -38.8% |
| Taxes, remuneration and social security | 45 | €23,167 | €22,703 | -€464 | -2.0% |
| Taxes | 450/3 | €1,225 | €1,751 | +€526 | +42.9% |
| Remuneration and social security | 454/9 | €21,942 | €20,952 | -€989 | -4.5% |
| Other amounts payable | 47/48 | €264,793 | €263,776 | -€1,017 | -0.4% |
| Accrued charges and deferred income | 492/3 | €3,000 | €6,218 | +€3,218 | +107.3% |
| Remuneration, social security and pensions | 62 | €166,848 | €174,426 | +€7,578 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,571 | €530,213 | +€105,642 | +24.9% |
| Other operating charges | 640/8 | €18,553 | €15,366 | -€3,188 | -17.2% |
| Gross operating margin | 9900 | €2,137,920 | €1,420,336 | -€717,583 | -33.6% |
| Operating profit (loss) | 9901 | €1,527,947 | €700,332 | -€827,616 | -54.2% |
| Financial income | 75/76B | €4,912 | €14,561 | +€9,649 | +196.4% |
| Recurring financial income | 75 | €4,912 | €14,561 | +€9,649 | +196.4% |
| Financial charges | 65/66B | €15,628 | €17,570 | +€1,942 | +12.4% |
| Recurring financial charges | 65 | €15,628 | €17,570 | +€1,942 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €1,517,232 | €697,323 | -€819,909 | -54.0% |
| Transfer from deferred taxes | 780 | €4,171 | €11,007 | +€6,837 | +163.9% |
| Transfer to deferred taxes | 680 | €30,585 | €20,000 | -€10,585 | -34.6% |
| Income taxes | 67/77 | €296,008 | €149,981 | -€146,027 | -49.3% |
| Profit (loss) for the period | 9904 | €1,194,809 | €538,349 | -€656,460 | -54.9% |
| Transfer from tax-exempt reserves | 789 | €9,846 | €33,022 | +€23,176 | +235.4% |
| Transfer to tax-exempt reserves | 689 | €91,754 | €60,000 | -€31,754 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,112,901 | €511,371 | -€601,530 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.