AN VAN DE VOORDE: 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 DE VOORDE
Largest movements
- Cash +€29,844
up €29,844 (+1,235%), from €2,417 to €32,261
mainly Net result for the year (+€18,095) and Receivables within one year (+€11,997)
- Receivables within one year -€11,997
down €11,997 (-25.8%), from €46,557 to €34,560
of which Trade receivables: -€17,746
- Deferred charges and accrued income +€1,259
up €1,259 (+25.0%), from €5,028 to €6,287
- Reserves +€18,095
up €18,095 (+73.0%), from €24,803 to €42,898
- Trade debts +€3,541
up €3,541 (+822%), from €431 to €3,972
- Tax, wage and social debts -€2,886
down €2,886 (-27.2%), from €10,601 to €7,715
- Gross operating margin -€8,050
down €8,050 (-21.9%), from €36,774 to €28,724
- Financial income +€1,276
up €1,276 (+479%), from €266 to €1,542
- Other operating charges +€632
up €632 (+65.1%), from €970 to €1,602
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 | €54,435 | €73,185 | +€18,750 | +34.4% |
| Fixed assets | 21/28 | €434 | €77 | -€357 | -82.2% |
| Tangible fixed assets | 22/27 | €434 | €77 | -€357 | -82.2% |
| Furniture and vehicles | 24 | €434 | €77 | -€357 | -82.2% |
| Current assets | 29/58 | €54,001 | €73,108 | +€19,107 | +35.4% |
| Amounts receivable within one year | 40/41 | €46,557 | €34,560 | -€11,997 | -25.8% |
| Trade receivables | 40 | €27,285 | €9,538 | -€17,746 | -65.0% |
| Other amounts receivable | 41 | €19,272 | €25,022 | +€5,750 | +29.8% |
| Cash at bank and in hand | 54/58 | €2,417 | €32,261 | +€29,844 | +1,235% |
| Deferred charges and accrued income | 490/1 | €5,028 | €6,287 | +€1,259 | +25.0% |
| Total equity and liabilities | 10/49 | €54,435 | €73,185 | +€18,750 | +34.4% |
| Equity | 10/15 | €43,403 | €61,498 | +€18,095 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,803 | €42,898 | +€18,095 | +73.0% |
| Distributable reserves | 133 | €24,803 | €42,898 | +€18,095 | +73.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,032 | €11,687 | +€655 | +5.9% |
| Amounts payable within one year | 42/48 | €11,032 | €11,687 | +€655 | +5.9% |
| Trade debts | 44 | €431 | €3,972 | +€3,541 | +822% |
| Suppliers | 440/4 | €431 | €3,972 | +€3,541 | +822% |
| Taxes, remuneration and social security | 45 | €10,601 | €7,715 | -€2,886 | -27.2% |
| Taxes | 450/3 | €10,601 | €7,715 | -€2,886 | -27.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €357 | = | 0.0% |
| Other operating charges | 640/8 | €970 | €1,602 | +€632 | +65.1% |
| Gross operating margin | 9900 | €36,774 | €28,724 | -€8,050 | -21.9% |
| Operating profit (loss) | 9901 | €35,447 | €26,766 | -€8,682 | -24.5% |
| Financial income | 75/76B | €266 | €1,542 | +€1,276 | +479% |
| Recurring financial income | 75 | €266 | €1,542 | +€1,276 | +479% |
| Financial charges | 65/66B | €75 | €48 | -€26 | -35.4% |
| Recurring financial charges | 65 | €75 | €48 | -€26 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €35,639 | €28,259 | -€7,380 | -20.7% |
| Income taxes | 67/77 | €10,325 | €10,164 | -€161 | -1.6% |
| Profit (loss) for the period | 9904 | €25,314 | €18,095 | -€7,219 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,314 | €18,095 | -€7,219 | -28.5% |
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 30 October 2026 via checked.be.