Aaron Vanwalleghem: 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.
Aaron Vanwalleghem
Largest movements
- Cash +€83,414
up €83,414 (+17.7%), from €470,487 to €553,901
mainly Other debts (+€473,233) and Net result for the year (+€258,034)
- Current investments +€36,304
up €36,304 (+29.0%), from €125,090 to €161,394
- Tangible fixed assets -€21,491
down €21,491 (-6.0%), from €359,880 to €338,389
of which Leasing and similar rights: -€13,583
- Other debts +€473,233
up €473,233 (+466%), from €101,480 to €574,712
- Reserves -€235,008
down €235,008 (-53.8%), from €436,868 to €201,860
- Profit (loss) carried forward -€80,971
down €80,971 (-100%), from €80,971 to €0
- Debts after one year -€32,026
down €32,026 (-13.7%), from €233,638 to €201,612
- Tax, wage and social debts -€28,920
down €28,920 (-54.5%), from €53,040 to €24,120
- Gross operating margin -€205,505
down €205,505 (-36.4%), from €564,309 to €358,804
- Taxes -€68,155
down €68,155 (-46.2%), from €147,589 to €79,435
- Financial income +€13,571
up €13,571 (+12,598%), from €108 to €13,679
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 | €957,673 | €1,055,898 | +€98,226 | +10.3% |
| Fixed assets | 21/28 | €359,880 | €338,389 | -€21,491 | -6.0% |
| Tangible fixed assets | 22/27 | €359,880 | €338,389 | -€21,491 | -6.0% |
| Land and buildings | 22 | €311,404 | €299,889 | -€11,515 | -3.7% |
| Plant, machinery and equipment | 23 | €2,331 | €1,612 | -€719 | -30.8% |
| Furniture and vehicles | 24 | - | €4,326 | +€4,326 | |
| Leasing and similar rights | 25 | €46,145 | €32,562 | -€13,583 | -29.4% |
| Current assets | 29/58 | €597,793 | €717,509 | +€119,717 | +20.0% |
| Amounts receivable within one year | 40/41 | €112 | €0 | -€112 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €112 | €0 | -€112 | -100% |
| Current investments | 50/53 | €125,090 | €161,394 | +€36,304 | +29.0% |
| Cash at bank and in hand | 54/58 | €470,487 | €553,901 | +€83,414 | +17.7% |
| Deferred charges and accrued income | 490/1 | €2,103 | €2,215 | +€111 | +5.3% |
| Total equity and liabilities | 10/49 | €957,673 | €1,055,898 | +€98,226 | +10.3% |
| Equity | 10/15 | €536,438 | €220,460 | -€315,978 | -58.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436,868 | €201,860 | -€235,008 | -53.8% |
| Distributable reserves | 133 | €436,868 | €201,860 | -€235,008 | -53.8% |
| Profit (loss) carried forward | 14 | €80,971 | €0 | -€80,971 | -100% |
| Amounts payable | 17/49 | €421,234 | €835,438 | +€414,204 | +98.3% |
| Amounts payable after more than one year | 17 | €233,638 | €201,612 | -€32,026 | -13.7% |
| Financial debts | 170/4 | €233,638 | €201,612 | -€32,026 | -13.7% |
| Amounts payable within one year | 42/48 | €186,779 | €632,715 | +€445,936 | +239% |
| Current portion of amounts payable after more than one year | 42 | €30,711 | €32,504 | +€1,793 | +5.8% |
| Trade debts | 44 | €1,549 | €1,379 | -€170 | -11.0% |
| Suppliers | 440/4 | €1,549 | €1,379 | -€170 | -11.0% |
| Taxes, remuneration and social security | 45 | €53,040 | €24,120 | -€28,920 | -54.5% |
| Taxes | 450/3 | €53,040 | €24,120 | -€28,920 | -54.5% |
| Other amounts payable | 47/48 | €101,480 | €574,712 | +€473,233 | +466% |
| Accrued charges and deferred income | 492/3 | €818 | €1,111 | +€293 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,817 | €26,624 | +€807 | +3.1% |
| Other operating charges | 640/8 | €3,352 | €3,509 | +€157 | +4.7% |
| Gross operating margin | 9900 | €564,309 | €358,804 | -€205,505 | -36.4% |
| Operating profit (loss) | 9901 | €535,140 | €328,671 | -€206,469 | -38.6% |
| Financial income | 75/76B | €108 | €13,679 | +€13,571 | +12,598% |
| Recurring financial income | 75 | €108 | €13,679 | +€13,571 | +12,598% |
| Financial charges | 65/66B | €6,688 | €4,880 | -€1,807 | -27.0% |
| Recurring financial charges | 65 | €6,688 | €4,880 | -€1,807 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €528,560 | €337,469 | -€191,091 | -36.2% |
| Income taxes | 67/77 | €147,589 | €79,435 | -€68,155 | -46.2% |
| Profit (loss) for the period | 9904 | €380,971 | €258,034 | -€122,936 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €380,971 | €258,034 | -€122,936 | -32.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.