VANSTEENLANDT & C°: 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.
What changed
VANSTEENLANDT & C°
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€61,528
2024 · -€6,573-€54,955
Equity
€486,034
2024 · €547,562-€61,528
Cash
€32,052
2024 · €25,198+€6,854
Balance sheet total
€1.6m
2024 · €1.8m-€163,169
Largest movements
Assets
- Current investments -€181,534
down €181,534 (-42.0%), from €432,063 to €250,529
- Tangible fixed assets +€106,062
up €106,062 (+47.8%), from €221,819 to €327,881
of which Land and buildings: +€120,347
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
Equity and liabilities
- Other debts -€81,484
down €81,484 (-7.1%), from €1.2m to €1.1m
- Profit (loss) carried forward -€61,528
down €61,528 (-1,104%), from -€5,574 to -€67,102
Income statement
- Gross operating margin -€21,772
down €21,772 (-20.4%), from €106,971 to €85,199
- Financial charges +€12,875
up €12,875 (+28.2%), from €45,642 to €58,517
- Depreciation +€11,350
up €11,350 (+65.3%), from €17,380 to €28,730
- Financial income -€4,382
down €4,382 (-76.5%), from €5,730 to €1,348
- Staff costs +€3,083
up €3,083 (+9.7%), from €31,793 to €34,875
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.
Result 2024
-€6,573
Gross operating margin
-€21,772
Staff costs
-€3,083
Depreciation
-€11,350
Other operating charges
-€721
Financial income
-€4,382
Financial charges
-€12,875
Taxes
-€773
Result 2025
-€61,528
lowers the result
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.
From operations
-€27,231
Investment
+€46,742
Financing
-€12,657
Cash 2024
€25,198
From operations (derived)
-€27,231
Net result for the year
-€61,528
Depreciation
+€28,730
Receivables after one year
+€100,000
Receivables within one year
-€5,163
Deferred charges and accrued income
-€286
Trade debts
-€8,523
Tax, wage and social debts
+€542
Other debts
-€81,484
Accrued charges and deferred income
+€482
Investment (derived)
+€46,742
Investment in fixed assets (net)
-€134,793
Current investments
+€181,534
Financing
-€12,657
Debts after one year
-€7,525
Current portion of long-term debt
-€5,132
Cash 2025
€32,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,790,380 | €1,627,211 | -€163,169 | -9.1% |
| Fixed assets | 21/28 | €1,229,855 | €1,335,917 | +€106,062 | +8.6% |
| Tangible fixed assets | 22/27 | €221,819 | €327,881 | +€106,062 | +47.8% |
| Land and buildings | 22 | €159,377 | €279,724 | +€120,347 | +75.5% |
| Plant, machinery and equipment | 23 | €1,493 | €2,284 | +€791 | +53.0% |
| Furniture and vehicles | 24 | €60,948 | €45,872 | -€15,076 | -24.7% |
| Financial fixed assets | 28 | €1,008,036 | €1,008,036 | = | 0.0% |
| Current assets | 29/58 | €560,525 | €291,294 | -€269,231 | -48.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Amounts receivable within one year | 40/41 | €182 | €5,345 | +€5,163 | +2,832% |
| Trade receivables | 40 | - | €5,345 | +€5,345 | |
| Other amounts receivable | 41 | €182 | €0 | -€182 | -100% |
| Current investments | 50/53 | €432,063 | €250,529 | -€181,534 | -42.0% |
| Cash at bank and in hand | 54/58 | €25,198 | €32,052 | +€6,854 | +27.2% |
| Deferred charges and accrued income | 490/1 | €3,082 | €3,368 | +€286 | +9.3% |
| Total equity and liabilities | 10/49 | €1,790,380 | €1,627,211 | -€163,169 | -9.1% |
| Equity | 10/15 | €547,562 | €486,034 | -€61,528 | -11.2% |
| Contributions | 10/11 | €97,396 | €97,396 | = | 0.0% |
| Capital | 10 | €97,396 | €97,396 | = | 0.0% |
| Issued capital | 100 | €97,396 | €97,396 | = | 0.0% |
| Reserves | 13 | €455,740 | €455,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €119,740 | €119,740 | = | 0.0% |
| Legal reserve | 130 | €119,740 | €119,740 | = | 0.0% |
| Distributable reserves | 133 | €336,000 | €336,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,574 | -€67,102 | -€61,528 | -1,104% |
| Amounts payable | 17/49 | €1,242,818 | €1,141,177 | -€101,641 | -8.2% |
| Amounts payable after more than one year | 17 | €7,525 | €0 | -€7,525 | -100% |
| Financial debts | 170/4 | €7,525 | €0 | -€7,525 | -100% |
| Amounts payable within one year | 42/48 | €1,178,164 | €1,083,566 | -€94,597 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €12,657 | €7,525 | -€5,132 | -40.5% |
| Trade debts | 44 | €10,227 | €1,704 | -€8,523 | -83.3% |
| Suppliers | 440/4 | €10,227 | €1,704 | -€8,523 | -83.3% |
| Taxes, remuneration and social security | 45 | €823 | €1,365 | +€542 | +65.8% |
| Remuneration and social security | 454/9 | €823 | €1,365 | +€542 | +65.8% |
| Other amounts payable | 47/48 | €1,154,457 | €1,072,973 | -€81,484 | -7.1% |
| Accrued charges and deferred income | 492/3 | €57,129 | €57,611 | +€482 | +0.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €31,793 | €34,875 | +€3,083 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,380 | €28,730 | +€11,350 | +65.3% |
| Other operating charges | 640/8 | €23,282 | €24,003 | +€721 | +3.1% |
| Gross operating margin | 9900 | €106,971 | €85,199 | -€21,772 | -20.4% |
| Operating profit (loss) | 9901 | €34,516 | -€2,410 | -€36,926 | |
| Financial income | 75/76B | €5,730 | €1,348 | -€4,382 | -76.5% |
| Recurring financial income | 75 | €5,730 | €1,348 | -€4,382 | -76.5% |
| Financial charges | 65/66B | €45,642 | €58,517 | +€12,875 | +28.2% |
| Recurring financial charges | 65 | €45,642 | €58,517 | +€12,875 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,396 | -€59,578 | -€54,182 | -1,004% |
| Income taxes | 67/77 | €1,177 | €1,950 | +€773 | +65.7% |
| Profit (loss) for the period | 9904 | -€6,573 | -€61,528 | -€54,955 | -836% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,573 | -€61,528 | -€54,955 | -836% |
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 14 October 2026 via checked.be.