Arno Vantongelen: what changed
Arno Vantongelen
Largest movements
- Tangible fixed assets +€23,574
up €23,574 (+531%), from €4,443 to €28,017
of which Furniture and vehicles: +€24,998
- Receivables within one year +€7,510
up €7,510 (+666%), from €1,127 to €8,637
of which Trade receivables: +€5,366
- Cash -€5,527
down €5,527 (-15.0%), from €36,945 to €31,418
mainly Investment in fixed assets (net) (-€27,856) and Receivables within one year (-€7,510)
- Current portion of long-term debt +€9,110
new in 2025: €9,110
- Profit (loss) carried forward +€8,012
up €8,012 (+22.3%), from €35,853 to €43,865
- Debts after one year +€7,068
new in 2025: €7,068
- Trade debts +€2,905
up €2,905 (+529%), from €549 to €3,454
- Tax, wage and social debts -€1,079
down €1,079 (-34.0%), from €3,172 to €2,092
- Depreciation +€2,715
up €2,715 (+173%), from €1,567 to €4,282
- Financial charges +€1,255
up €1,255 (+125%), from €1,008 to €2,263
- Taxes -€1,079
down €1,079 (-34.0%), from €3,172 to €2,092
- Gross operating margin -€932
down €932 (-5.1%), from €18,163 to €17,231
- Other operating charges -€835
down €835 (-58.9%), from €1,418 to €583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,515 | €68,072 | +€25,556 | +60.1% |
| Fixed assets | 21/28 | €4,443 | €28,017 | +€23,574 | +531% |
| Tangible fixed assets | 22/27 | €4,443 | €28,017 | +€23,574 | +531% |
| Plant, machinery and equipment | 23 | €4,443 | €3,019 | -€1,424 | -32.1% |
| Furniture and vehicles | 24 | - | €24,998 | +€24,998 | |
| Current assets | 29/58 | €38,072 | €40,054 | +€1,983 | +5.2% |
| Amounts receivable within one year | 40/41 | €1,127 | €8,637 | +€7,510 | +666% |
| Trade receivables | 40 | - | €5,366 | +€5,366 | |
| Other amounts receivable | 41 | €1,127 | €3,271 | +€2,144 | +190% |
| Cash at bank and in hand | 54/58 | €36,945 | €31,418 | -€5,527 | -15.0% |
| Total equity and liabilities | 10/49 | €42,515 | €68,072 | +€25,556 | +60.1% |
| Equity | 10/15 | €37,853 | €45,865 | +€8,012 | +21.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,853 | €43,865 | +€8,012 | +22.3% |
| Amounts payable | 17/49 | €4,662 | €22,207 | +€17,545 | +376% |
| Amounts payable after more than one year | 17 | - | €7,068 | +€7,068 | |
| Financial debts | 170/4 | - | €7,068 | +€7,068 | |
| Amounts payable within one year | 42/48 | €4,278 | €14,739 | +€10,461 | +245% |
| Current portion of amounts payable after more than one year | 42 | - | €9,110 | +€9,110 | |
| Trade debts | 44 | €549 | €3,454 | +€2,905 | +529% |
| Suppliers | 440/4 | €549 | €3,454 | +€2,905 | +529% |
| Taxes, remuneration and social security | 45 | €3,172 | €2,092 | -€1,079 | -34.0% |
| Taxes | 450/3 | €3,172 | €2,092 | -€1,079 | -34.0% |
| Other amounts payable | 47/48 | €557 | €82 | -€475 | -85.2% |
| Accrued charges and deferred income | 492/3 | €384 | €400 | +€15 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,567 | €4,282 | +€2,715 | +173% |
| Other operating charges | 640/8 | €1,418 | €583 | -€835 | -58.9% |
| Gross operating margin | 9900 | €18,163 | €17,231 | -€932 | -5.1% |
| Operating profit (loss) | 9901 | €15,178 | €12,367 | -€2,811 | -18.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -57.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -57.1% |
| Financial charges | 65/66B | €1,008 | €2,263 | +€1,255 | +125% |
| Recurring financial charges | 65 | €1,008 | €2,263 | +€1,255 | +125% |
| Profit (loss) for the period before taxes | 9903 | €14,170 | €10,104 | -€4,066 | -28.7% |
| Income taxes | 67/77 | €3,172 | €2,092 | -€1,079 | -34.0% |
| Profit (loss) for the period | 9904 | €10,999 | €8,012 | -€2,987 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,999 | €8,012 | -€2,987 | -27.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.