VICKY STEENHOUT: 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.
VICKY STEENHOUT
Largest movements
- Tangible fixed assets -€10,427
down €10,427 (-2.6%), from €405,708 to €395,282
of which Land and buildings: -€14,996
- Receivables within one year -€9,930
down €9,930 (-10.7%), from €92,477 to €82,547
of which Trade receivables: -€7,707
- Debts after one year -€35,207
down €35,207 (-19.8%), from €177,454 to €142,246
- Reserves +€14,711
up €14,711 (+35.1%), from €41,891 to €56,602
of which Distributable reserves: +€14,711
- Current portion of long-term debt -€10,174
down €10,174 (-22.4%), from €45,382 to €35,207
- Trade debts +€6,046
up €6,046 (+25.9%), from €23,347 to €29,393
- Gross operating margin +€40,504
up €40,504 (+25.9%), from €156,314 to €196,818
- Staff costs +€35,330
up €35,330 (+33.8%), from €104,545 to €139,875
- Taxes -€26,095
down €26,095 (-93.8%), from €27,806 to €1,711
- Depreciation -€6,593
down €6,593 (-26.5%), from €24,850 to €18,257
- Financial income -€3,357
down €3,357 (-99.5%), from €3,374 to €17
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,848 | €494,400 | -€22,448 | -4.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €406,738 | €396,311 | -€10,427 | -2.6% |
| Tangible fixed assets | 22/27 | €405,708 | €395,282 | -€10,427 | -2.6% |
| Land and buildings | 22 | €399,989 | €384,993 | -€14,996 | -3.7% |
| Plant, machinery and equipment | 23 | €3,869 | €9,584 | +€5,715 | +147.7% |
| Furniture and vehicles | 24 | €1,850 | €704 | -€1,146 | -61.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €110,109 | €98,088 | -€12,021 | -10.9% |
| Stocks and contracts in progress | 3 | €13,570 | €10,234 | -€3,335 | -24.6% |
| Stocks | 30/36 | €13,570 | €10,234 | -€3,335 | -24.6% |
| Amounts receivable within one year | 40/41 | €92,477 | €82,547 | -€9,930 | -10.7% |
| Trade receivables | 40 | €44,157 | €36,450 | -€7,707 | -17.5% |
| Other amounts receivable | 41 | €48,320 | €46,096 | -€2,223 | -4.6% |
| Cash at bank and in hand | 54/58 | €852 | €2,287 | +€1,436 | +168.6% |
| Deferred charges and accrued income | 490/1 | €3,212 | €3,020 | -€191 | -6.0% |
| Total equity and liabilities | 10/49 | €516,848 | €494,400 | -€22,448 | -4.3% |
| Equity | 10/15 | €239,494 | €254,206 | +€14,711 | +6.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €41,891 | €56,602 | +€14,711 | +35.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,031 | €54,742 | +€14,711 | +36.8% |
| Profit (loss) carried forward | 14 | €191,304 | €191,304 | = | 0.0% |
| Amounts payable | 17/49 | €277,353 | €240,194 | -€37,159 | -13.4% |
| Amounts payable after more than one year | 17 | €177,454 | €142,246 | -€35,207 | -19.8% |
| Financial debts | 170/4 | €177,454 | €142,246 | -€35,207 | -19.8% |
| Amounts payable within one year | 42/48 | €96,505 | €93,356 | -€3,149 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €45,382 | €35,207 | -€10,174 | -22.4% |
| Financial debts | 43 | €23,292 | €24,919 | +€1,627 | +7.0% |
| Credit institutions | 430/8 | €23,292 | €24,919 | +€1,627 | +7.0% |
| Trade debts | 44 | €23,347 | €29,393 | +€6,046 | +25.9% |
| Suppliers | 440/4 | €23,347 | €29,393 | +€6,046 | +25.9% |
| Taxes, remuneration and social security | 45 | €4,485 | €3,518 | -€967 | -21.6% |
| Taxes | 450/3 | - | €14 | +€14 | |
| Remuneration and social security | 454/9 | €4,485 | €3,504 | -€981 | -21.9% |
| Other amounts payable | 47/48 | - | €319 | +€319 | |
| Accrued charges and deferred income | 492/3 | €3,395 | €4,591 | +€1,197 | +35.3% |
| Remuneration, social security and pensions | 62 | €104,545 | €139,875 | +€35,330 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,850 | €18,257 | -€6,593 | -26.5% |
| Other operating charges | 640/8 | €7,793 | €4,680 | -€3,113 | -40.0% |
| Gross operating margin | 9900 | €156,314 | €196,818 | +€40,504 | +25.9% |
| Operating profit (loss) | 9901 | €19,126 | €34,007 | +€14,881 | +77.8% |
| Financial income | 75/76B | €3,374 | €17 | -€3,357 | -99.5% |
| Recurring financial income | 75 | €3,374 | €17 | -€3,357 | -99.5% |
| Financial charges | 65/66B | €17,863 | €17,601 | -€261 | -1.5% |
| Recurring financial charges | 65 | €17,863 | €17,596 | -€267 | -1.5% |
| Non-recurring financial charges | 66B | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €4,637 | €16,423 | +€11,786 | +254.2% |
| Income taxes | 67/77 | €27,806 | €1,711 | -€26,095 | -93.8% |
| Profit (loss) for the period | 9904 | -€23,169 | €14,711 | +€37,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,169 | €14,711 | +€37,880 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.