An Van Camp 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.
An Van Camp Management
Largest movements
- Current investments -€250,001
down €250,001 (-34.8%), from €718,704 to €468,704
- Receivables within one year +€83,791
up €83,791 (+176%), from €47,500 to €131,291
- Cash +€43,413
up €43,413 (+16.7%), from €260,445 to €303,858
mainly Current investments (+€250,001) and Net result for the year (+€88,286)
- Tangible fixed assets -€25,994
down €25,994 (-34.3%), from €75,816 to €49,822
- Financial fixed assets +€23,538
up €23,538 (+4.1%), from €569,155 to €592,693
- Reserves -€84,932
down €84,932 (-5.4%), from €1.6m to €1.5m
- Trade debts -€30,226
down €30,226 (-68.5%), from €44,118 to €13,892
- Gross operating margin -€35,463
down €35,463 (-23.5%), from €151,122 to €115,659
- Financial charges -€15,534
down €15,534 (-99.1%), from €15,678 to €144
of which Non-recurring financial charges: -€14,950
- Depreciation -€10,411
down €10,411 (-28.6%), from €36,405 to €25,994
- Taxes -€4,371
down €4,371 (-11.1%), from €39,296 to €34,925
- Staff costs +€4,102
up €4,102, from -€4,102 to €0
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 | €1,674,316 | €1,548,588 | -€125,728 | -7.5% |
| Fixed assets | 21/28 | €644,971 | €642,515 | -€2,456 | -0.4% |
| Tangible fixed assets | 22/27 | €75,816 | €49,822 | -€25,994 | -34.3% |
| Furniture and vehicles | 24 | €75,816 | €49,822 | -€25,994 | -34.3% |
| Financial fixed assets | 28 | €569,155 | €592,693 | +€23,538 | +4.1% |
| Current assets | 29/58 | €1,029,345 | €906,073 | -€123,272 | -12.0% |
| Amounts receivable within one year | 40/41 | €47,500 | €131,291 | +€83,791 | +176% |
| Other amounts receivable | 41 | €47,500 | €131,291 | +€83,791 | +176% |
| Current investments | 50/53 | €718,704 | €468,704 | -€250,001 | -34.8% |
| Cash at bank and in hand | 54/58 | €260,445 | €303,858 | +€43,413 | +16.7% |
| Deferred charges and accrued income | 490/1 | €2,695 | €2,220 | -€475 | -17.6% |
| Total equity and liabilities | 10/49 | €1,674,316 | €1,548,588 | -€125,728 | -7.5% |
| Equity | 10/15 | €1,605,821 | €1,520,889 | -€84,932 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,587,221 | €1,502,289 | -€84,932 | -5.4% |
| Distributable reserves | 133 | €1,587,221 | €1,502,289 | -€84,932 | -5.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €68,494 | €27,699 | -€40,795 | -59.6% |
| Amounts payable within one year | 42/48 | €68,494 | €27,699 | -€40,795 | -59.6% |
| Trade debts | 44 | €44,118 | €13,892 | -€30,226 | -68.5% |
| Suppliers | 440/4 | €44,118 | €13,892 | -€30,226 | -68.5% |
| Taxes, remuneration and social security | 45 | €12,654 | €0 | -€12,654 | -100% |
| Taxes | 450/3 | €12,654 | €0 | -€12,654 | -100% |
| Other amounts payable | 47/48 | €11,722 | €13,807 | +€2,085 | +17.8% |
| Remuneration, social security and pensions | 62 | -€4,102 | €0 | +€4,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,405 | €25,994 | -€10,411 | -28.6% |
| Other operating charges | 640/8 | €118 | €1,118 | +€1,000 | +848% |
| Gross operating margin | 9900 | €151,122 | €115,659 | -€35,463 | -23.5% |
| Operating profit (loss) | 9901 | €118,701 | €88,547 | -€30,154 | -25.4% |
| Financial income | 75/76B | €35,936 | €34,808 | -€1,128 | -3.1% |
| Recurring financial income | 75 | €35,936 | €34,808 | -€1,128 | -3.1% |
| Financial charges | 65/66B | €15,678 | €144 | -€15,534 | -99.1% |
| Recurring financial charges | 65 | €728 | €144 | -€584 | -80.2% |
| Non-recurring financial charges | 66B | €14,950 | €0 | -€14,950 | -100% |
| Profit (loss) for the period before taxes | 9903 | €138,959 | €123,210 | -€15,749 | -11.3% |
| Income taxes | 67/77 | €39,296 | €34,925 | -€4,371 | -11.1% |
| Profit (loss) for the period | 9904 | €99,663 | €88,286 | -€11,377 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,663 | €88,286 | -€11,377 | -11.4% |
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 26 October 2026 via checked.be.