B-VAN: 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.
B-VAN
Largest movements
- Financial fixed assets +€23,750
up €23,750 (+17.3%), from €137,574 to €161,324
- Receivables within one year +€9,322
up €9,322 (+49.6%), from €18,781 to €28,103
of which Trade receivables: +€8,476
- Cash -€5,227
down €5,227 (-42.5%), from €12,309 to €7,082
mainly Investment in fixed assets (net) (-€23,750) and Contributions, distributions and other (-€13,500)
- Deferred charges and accrued income -€4,218
down €4,218 (-21.0%), from €20,040 to €15,822
- Debts after one year +€19,130
new in 2025: €19,130
- Reserves +€4,241
up €4,241 (+2.7%), from €157,524 to €161,765
of which Distributable reserves: +€4,241
- Gross operating margin -€26,113
down €26,113 (-53.3%), from €48,980 to €22,867
- Taxes -€1,144
down €1,144 (-13.2%), from €8,689 to €7,545
- Financial income -€503
down €503 (-7.3%), from €6,886 to €6,383
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.
Cash bridge derived
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 | €205,948 | €227,990 | +€22,042 | +10.7% |
| Fixed assets | 21/28 | €154,818 | €176,983 | +€22,165 | +14.3% |
| Tangible fixed assets | 22/27 | €17,244 | €15,659 | -€1,585 | -9.2% |
| Other tangible fixed assets | 26 | €17,244 | €15,659 | -€1,585 | -9.2% |
| Financial fixed assets | 28 | €137,574 | €161,324 | +€23,750 | +17.3% |
| Current assets | 29/58 | €51,130 | €51,007 | -€123 | -0.2% |
| Amounts receivable within one year | 40/41 | €18,781 | €28,103 | +€9,322 | +49.6% |
| Trade receivables | 40 | - | €8,476 | +€8,476 | |
| Other amounts receivable | 41 | €18,781 | €19,627 | +€846 | +4.5% |
| Cash at bank and in hand | 54/58 | €12,309 | €7,082 | -€5,227 | -42.5% |
| Deferred charges and accrued income | 490/1 | €20,040 | €15,822 | -€4,218 | -21.0% |
| Total equity and liabilities | 10/49 | €205,948 | €227,990 | +€22,042 | +10.7% |
| Equity | 10/15 | €176,124 | €180,365 | +€4,241 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,524 | €161,765 | +€4,241 | +2.7% |
| Non-distributable reserves | 130/1 | €2,300 | €2,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,300 | €2,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,139 | €18,139 | = | 0.0% |
| Distributable reserves | 133 | €137,085 | €141,326 | +€4,241 | +3.1% |
| Provisions and deferred taxes | 16 | €2,746 | €2,746 | = | 0.0% |
| Deferred taxes | 168 | €2,746 | €2,746 | = | 0.0% |
| Amounts payable | 17/49 | €27,078 | €44,879 | +€17,801 | +65.7% |
| Amounts payable after more than one year | 17 | - | €19,130 | +€19,130 | |
| Financial debts | 170/4 | - | €19,130 | +€19,130 | |
| Amounts payable within one year | 42/48 | €27,078 | €25,749 | -€1,329 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €3,854 | €3,106 | -€748 | -19.4% |
| Financial debts | 43 | €1,795 | €1,791 | -€4 | -0.2% |
| Credit institutions | 430/8 | €1,795 | €1,791 | -€4 | -0.2% |
| Trade debts | 44 | €2,270 | €2,454 | +€184 | +8.1% |
| Suppliers | 440/4 | €2,270 | €2,454 | +€184 | +8.1% |
| Taxes, remuneration and social security | 45 | €5,659 | €4,898 | -€761 | -13.4% |
| Taxes | 450/3 | €5,659 | €4,898 | -€761 | -13.4% |
| Other amounts payable | 47/48 | €13,500 | €13,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585 | €1,585 | = | 0.0% |
| Other operating charges | 640/8 | €783 | €1,033 | +€250 | +31.9% |
| Gross operating margin | 9900 | €48,980 | €22,867 | -€26,113 | -53.3% |
| Operating profit (loss) | 9901 | €46,612 | €20,249 | -€26,363 | -56.6% |
| Financial income | 75/76B | €6,886 | €6,383 | -€503 | -7.3% |
| Recurring financial income | 75 | €6,886 | €6,383 | -€503 | -7.3% |
| Financial charges | 65/66B | €1,351 | €1,346 | -€5 | -0.4% |
| Recurring financial charges | 65 | €1,351 | €1,346 | -€5 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €52,147 | €25,286 | -€26,861 | -51.5% |
| Transfer to deferred taxes | 680 | €2,746 | - | -€2,746 | |
| Income taxes | 67/77 | €8,689 | €7,545 | -€1,144 | -13.2% |
| Profit (loss) for the period | 9904 | €40,712 | €17,741 | -€22,971 | -56.4% |
| Transfer to tax-exempt reserves | 689 | €8,239 | - | -€8,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,473 | €17,741 | -€14,732 | -45.4% |
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 11 October 2026 via checked.be.