C.VAN: what changed
Two fiscal 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.
C.VAN
Largest movements
- Cash +€28,243
up €28,243 (+106.0%), from €26,634 to €54,877
mainly Depreciation (+€117,473) and Net result for the year (+€31,598)
- Tangible fixed assets -€27,407
down €27,407 (-4.4%), from €625,190 to €597,784
of which Land and buildings: -€18,327
- Stocks and contracts -€20,959
down €20,959 (-10.6%), from €198,153 to €177,194
- Debts after one year -€52,219
down €52,219 (-16.9%), from €308,234 to €256,016
- Reserves +€23,500
up €23,500 (+10.8%), from €217,500 to €241,000
- Tax, wage and social debts +€16,331
up €16,331 (+257.3%), from €6,347 to €22,678
of which Taxes: +€11,777
- Depreciation +€22,375
up €22,375 (+23.5%), from €95,098 to €117,473
- Gross operating margin +€18,274
up €18,274 (+9.2%), from €198,375 to €216,649
- Staff costs +€6,075
up €6,075 (+22.2%), from €27,357 to €33,432
- Other operating charges +€2,556
up €2,556 (+28.0%), from €9,142 to €11,698
- Taxes -€2,272
down €2,272 (-20.9%), from €10,895 to €8,623
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 | €881,605 | €857,232 | -€24,373 | -2.8% |
| Fixed assets | 21/28 | €625,707 | €597,908 | -€27,800 | -4.4% |
| Intangible fixed assets | 21 | €393 | - | -€393 | |
| Tangible fixed assets | 22/27 | €625,190 | €597,784 | -€27,407 | -4.4% |
| Land and buildings | 22 | €353,508 | €335,181 | -€18,327 | -5.2% |
| Plant, machinery and equipment | 23 | €13,313 | €9,854 | -€3,460 | -26.0% |
| Furniture and vehicles | 24 | €257,616 | €252,104 | -€5,512 | -2.1% |
| Other tangible fixed assets | 26 | €753 | €645 | -€108 | -14.3% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €255,898 | €259,324 | +€3,427 | +1.3% |
| Stocks and contracts in progress | 3 | €198,153 | €177,194 | -€20,959 | -10.6% |
| Stocks | 30/36 | €198,153 | €177,194 | -€20,959 | -10.6% |
| Amounts receivable within one year | 40/41 | €22,948 | €20,184 | -€2,764 | -12.0% |
| Trade receivables | 40 | €22,419 | €18,477 | -€3,942 | -17.6% |
| Other amounts receivable | 41 | €529 | €1,707 | +€1,177 | +222.4% |
| Cash at bank and in hand | 54/58 | €26,634 | €54,877 | +€28,243 | +106.0% |
| Deferred charges and accrued income | 490/1 | €8,163 | €7,070 | -€1,093 | -13.4% |
| Total equity and liabilities | 10/49 | €881,605 | €857,232 | -€24,373 | -2.8% |
| Equity | 10/15 | €244,507 | €266,105 | +€21,598 | +8.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €217,500 | €241,000 | +€23,500 | +10.8% |
| Distributable reserves | 133 | €217,500 | €241,000 | +€23,500 | +10.8% |
| Profit (loss) carried forward | 14 | €2,007 | €105 | -€1,902 | -94.8% |
| Amounts payable | 17/49 | €637,098 | €591,127 | -€45,971 | -7.2% |
| Amounts payable after more than one year | 17 | €308,234 | €256,016 | -€52,219 | -16.9% |
| Financial debts | 170/4 | €308,234 | €256,016 | -€52,219 | -16.9% |
| Amounts payable within one year | 42/48 | €328,864 | €335,111 | +€6,248 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €104,746 | €110,723 | +€5,977 | +5.7% |
| Financial debts | 43 | €8,240 | - | -€8,240 | |
| Credit institutions | 430/8 | €8,240 | - | -€8,240 | |
| Trade debts | 44 | €26,077 | €23,000 | -€3,077 | -11.8% |
| Suppliers | 440/4 | €26,077 | €23,000 | -€3,077 | -11.8% |
| Advances received on contracts in progress | 46 | €157 | €273 | +€117 | +74.5% |
| Taxes, remuneration and social security | 45 | €6,347 | €22,678 | +€16,331 | +257.3% |
| Taxes | 450/3 | €4,880 | €16,657 | +€11,777 | +241.3% |
| Remuneration and social security | 454/9 | €1,467 | €6,021 | +€4,554 | +310.4% |
| Other amounts payable | 47/48 | €183,296 | €178,437 | -€4,859 | -2.7% |
| Remuneration, social security and pensions | 62 | €27,357 | €33,432 | +€6,075 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,098 | €117,473 | +€22,375 | +23.5% |
| Other operating charges | 640/8 | €9,142 | €11,698 | +€2,556 | +28.0% |
| Gross operating margin | 9900 | €198,375 | €216,649 | +€18,274 | +9.2% |
| Operating profit (loss) | 9901 | €66,778 | €54,045 | -€12,732 | -19.1% |
| Financial income | 75/76B | €10 | €64 | +€54 | +535.7% |
| Recurring financial income | 75 | €10 | €64 | +€54 | +535.7% |
| Financial charges | 65/66B | €14,974 | €13,889 | -€1,085 | -7.2% |
| Recurring financial charges | 65 | €14,974 | €13,889 | -€1,085 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €51,814 | €40,221 | -€11,593 | -22.4% |
| Income taxes | 67/77 | €10,895 | €8,623 | -€2,272 | -20.9% |
| Profit (loss) for the period | 9904 | €40,918 | €31,598 | -€9,320 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,918 | €31,598 | -€9,320 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.