Vansteenkiste Toon: what changed
Two financial 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 Toon
Largest movements
- Cash +€46,920
up €46,920 (+37.4%), from €125,421 to €172,342
mainly Other debts (+€291,245) and Net result for the year (+€120,382)
- Intangible fixed assets -€20,446
down €20,446 (-15.5%), from €131,580 to €111,134
- Tangible fixed assets +€13,673
up €13,673 (+7.9%), from €173,469 to €187,141
of which Furniture and vehicles: +€42,692
- Stocks and contracts -€7,511
down €7,511 (-3.8%), from €198,869 to €191,358
- Other debts +€291,245
up €291,245 (+2,100%), from €13,870 to €305,115
- Reserves -€184,019
down €184,019 (-49.1%), from €374,841 to €190,822
- Debts after one year -€78,405
down €78,405 (-48.6%), from €161,460 to €83,055
- Tax, wage and social debts -€11,860
down €11,860 (-20.8%), from €57,139 to €45,278
of which Taxes: -€17,192
- Current portion of long-term debt +€11,030
up €11,030 (+13.7%), from €80,736 to €91,766
- Gross operating margin -€113,852
down €113,852 (-15.9%), from €714,391 to €600,540
- Taxes -€36,049
down €36,049 (-49.5%), from €72,867 to €36,817
- Staff costs +€24,867
up €24,867 (+7.5%), from €330,397 to €355,264
- Depreciation +€12,456
up €12,456 (+19.6%), from €63,525 to €75,982
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.
Derived cash bridge
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 | €713,925 | €749,463 | +€35,538 | +5.0% |
| Fixed assets | 21/28 | €305,048 | €298,275 | -€6,773 | -2.2% |
| Intangible fixed assets | 21 | €131,580 | €111,134 | -€20,446 | -15.5% |
| Tangible fixed assets | 22/27 | €173,469 | €187,141 | +€13,673 | +7.9% |
| Land and buildings | 22 | €26,631 | €23,914 | -€2,717 | -10.2% |
| Plant, machinery and equipment | 23 | €73,153 | €55,203 | -€17,950 | -24.5% |
| Furniture and vehicles | 24 | €41,993 | €84,685 | +€42,692 | +102% |
| Leasing and similar rights | 25 | €31,692 | €23,340 | -€8,352 | -26.4% |
| Current assets | 29/58 | €408,877 | €451,188 | +€42,311 | +10.3% |
| Amounts receivable after more than one year | 29 | €37,284 | €37,284 | = | 0.0% |
| Other amounts receivable | 291 | €37,284 | €37,284 | = | 0.0% |
| Stocks and contracts in progress | 3 | €198,869 | €191,358 | -€7,511 | -3.8% |
| Stocks | 30/36 | €198,869 | €191,358 | -€7,511 | -3.8% |
| Amounts receivable within one year | 40/41 | €46,404 | €49,735 | +€3,331 | +7.2% |
| Trade receivables | 40 | €2,140 | €9,523 | +€7,384 | +345% |
| Other amounts receivable | 41 | €44,264 | €40,212 | -€4,053 | -9.2% |
| Cash at bank and in hand | 54/58 | €125,421 | €172,342 | +€46,920 | +37.4% |
| Deferred charges and accrued income | 490/1 | €898 | €469 | -€429 | -47.7% |
| Total equity and liabilities | 10/49 | €713,925 | €749,463 | +€35,538 | +5.0% |
| Equity | 10/15 | €384,841 | €200,822 | -€184,019 | -47.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €374,841 | €190,822 | -€184,019 | -49.1% |
| Distributable reserves | 133 | €374,841 | €190,822 | -€184,019 | -49.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €329,084 | €548,641 | +€219,557 | +66.7% |
| Amounts payable after more than one year | 17 | €161,460 | €83,055 | -€78,405 | -48.6% |
| Financial debts | 170/4 | €161,460 | €83,055 | -€78,405 | -48.6% |
| Amounts payable within one year | 42/48 | €166,690 | €465,175 | +€298,485 | +179% |
| Current portion of amounts payable after more than one year | 42 | €80,736 | €91,766 | +€11,030 | +13.7% |
| Trade debts | 44 | €14,945 | €23,015 | +€8,070 | +54.0% |
| Suppliers | 440/4 | €14,945 | €23,015 | +€8,070 | +54.0% |
| Taxes, remuneration and social security | 45 | €57,139 | €45,278 | -€11,860 | -20.8% |
| Taxes | 450/3 | €49,893 | €32,702 | -€17,192 | -34.5% |
| Remuneration and social security | 454/9 | €7,246 | €12,577 | +€5,331 | +73.6% |
| Other amounts payable | 47/48 | €13,870 | €305,115 | +€291,245 | +2,100% |
| Accrued charges and deferred income | 492/3 | €935 | €411 | -€523 | -56.0% |
| Remuneration, social security and pensions | 62 | €330,397 | €355,264 | +€24,867 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,525 | €75,982 | +€12,456 | +19.6% |
| Other operating charges | 640/8 | €2,203 | €3,631 | +€1,428 | +64.8% |
| Non-recurring operating charges | 66A | €2,046 | €312 | -€1,734 | -84.7% |
| Gross operating margin | 9900 | €714,391 | €600,540 | -€113,852 | -15.9% |
| Operating profit (loss) | 9901 | €316,220 | €165,351 | -€150,869 | -47.7% |
| Financial income | 75/76B | €1,186 | €481 | -€705 | -59.4% |
| Recurring financial income | 75 | €1,186 | €481 | -€705 | -59.4% |
| Financial charges | 65/66B | €12,754 | €8,632 | -€4,122 | -32.3% |
| Recurring financial charges | 65 | €12,754 | €8,632 | -€4,122 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €304,652 | €157,199 | -€147,452 | -48.4% |
| Income taxes | 67/77 | €72,867 | €36,817 | -€36,049 | -49.5% |
| Profit (loss) for the period | 9904 | €231,785 | €120,382 | -€111,403 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €231,785 | €120,382 | -€111,403 | -48.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.