VANSTRAELEN MANAGEMENT: 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.
VANSTRAELEN MANAGEMENT
Largest movements
- Tangible fixed assets -€84,228
down €84,228 (-5.4%), from €1.6m to €1.5m
of which Land and buildings: -€84,133
- Current investments +€75,000
up €75,000, from €0 to €75,000
- Cash -€17,007
down €17,007 (-67.6%), from €25,146 to €8,140
mainly Current investments (-€75,000) and Debts after one year (-€38,885)
- Reserves +€53,295
up €53,295 (+11.4%), from €466,728 to €520,023
of which Distributable reserves: +€53,295
- Debts after one year -€38,885
down €38,885 (-8.5%), from €457,088 to €418,204
- Other debts -€25,170
down €25,170 (-7.9%), from €318,049 to €292,878
- Taxes +€12,941
up €12,941 (+155%), from €8,345 to €21,287
- Depreciation +€11,119
up €11,119 (+12.1%), from €91,943 to €103,061
- Gross operating margin -€6,193
down €6,193 (-2.7%), from €225,365 to €219,172
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 | €1,586,358 | €1,558,019 | -€28,339 | -1.8% |
| Fixed assets | 21/28 | €1,554,575 | €1,470,347 | -€84,228 | -5.4% |
| Tangible fixed assets | 22/27 | €1,554,575 | €1,470,347 | -€84,228 | -5.4% |
| Land and buildings | 22 | €1,495,259 | €1,411,126 | -€84,133 | -5.6% |
| Plant, machinery and equipment | 23 | €13,427 | €20,560 | +€7,133 | +53.1% |
| Furniture and vehicles | 24 | €45,890 | €38,662 | -€7,228 | -15.7% |
| Current assets | 29/58 | €31,783 | €87,672 | +€55,889 | +176% |
| Amounts receivable within one year | 40/41 | €2,579 | €0 | -€2,579 | -100% |
| Trade receivables | 40 | €2,579 | €0 | -€2,579 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €25,146 | €8,140 | -€17,007 | -67.6% |
| Deferred charges and accrued income | 490/1 | €4,057 | €4,532 | +€475 | +11.7% |
| Total equity and liabilities | 10/49 | €1,586,358 | €1,558,019 | -€28,339 | -1.8% |
| Equity | 10/15 | €746,728 | €800,023 | +€53,295 | +7.1% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €466,728 | €520,023 | +€53,295 | +11.4% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Legal reserve | 130 | €28,000 | €28,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €401,228 | €454,523 | +€53,295 | +13.3% |
| Amounts payable | 17/49 | €839,630 | €757,996 | -€81,634 | -9.7% |
| Amounts payable after more than one year | 17 | €457,088 | €418,204 | -€38,885 | -8.5% |
| Financial debts | 170/4 | €457,088 | €418,204 | -€38,885 | -8.5% |
| Amounts payable within one year | 42/48 | €382,541 | €339,792 | -€42,749 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €38,556 | €38,885 | +€329 | +0.9% |
| Trade debts | 44 | €3,630 | €1,358 | -€2,272 | -62.6% |
| Suppliers | 440/4 | €3,630 | €1,358 | -€2,272 | -62.6% |
| Advances received on contracts in progress | 46 | €6,297 | €0 | -€6,297 | -100% |
| Taxes, remuneration and social security | 45 | €16,010 | €6,671 | -€9,339 | -58.3% |
| Taxes | 450/3 | €16,010 | €6,671 | -€9,339 | -58.3% |
| Other amounts payable | 47/48 | €318,049 | €292,878 | -€25,170 | -7.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,943 | €103,061 | +€11,119 | +12.1% |
| Other operating charges | 640/8 | €38,400 | €38,219 | -€181 | -0.5% |
| Gross operating margin | 9900 | €225,365 | €219,172 | -€6,193 | -2.7% |
| Operating profit (loss) | 9901 | €95,022 | €77,892 | -€17,131 | -18.0% |
| Financial income | 75/76B | €0 | €992 | +€992 | |
| Recurring financial income | 75 | €0 | €992 | +€992 | |
| Financial charges | 65/66B | €4,626 | €4,301 | -€325 | -7.0% |
| Recurring financial charges | 65 | €4,626 | €4,301 | -€325 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €90,396 | €74,582 | -€15,814 | -17.5% |
| Income taxes | 67/77 | €8,345 | €21,287 | +€12,941 | +155% |
| Profit (loss) for the period | 9904 | €82,050 | €53,295 | -€28,755 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,050 | €53,295 | -€28,755 | -35.0% |
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 27 October 2026 via checked.be.