C. VAN VLIET: 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.
C. VAN VLIET
Largest movements
- Receivables within one year +€39,431
up €39,431 (+76.1%), from €51,822 to €91,253
of which Trade receivables: +€29,588
- Cash -€22,491
down €22,491 (-96.1%), from €23,398 to €907
mainly Receivables within one year (-€39,431) and Investment in fixed assets (net) (-€4,147)
- Tangible fixed assets -€10,971
down €10,971 (-23.2%), from €47,245 to €36,274
of which Furniture and vehicles: -€11,335
- Reserves +€7,027
up €7,027 (+5.8%), from €120,686 to €127,713
- Gross operating margin +€21,918
up €21,918 (+1,033%), from €2,121 to €24,039
- Taxes +€3,762
up €3,762 (+2,816%), from €134 to €3,896
- Depreciation +€2,205
up €2,205 (+17.1%), from €12,913 to €15,118
- Financial income +€1,209
up €1,209 (+83.3%), from €1,451 to €2,660
- Other operating charges -€244
down €244 (-31.9%), from €764 to €520
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 | €122,465 | €129,166 | +€6,701 | +5.5% |
| Fixed assets | 21/28 | €47,245 | €36,274 | -€10,971 | -23.2% |
| Tangible fixed assets | 22/27 | €47,245 | €36,274 | -€10,971 | -23.2% |
| Plant, machinery and equipment | 23 | €1,359 | €1,723 | +€364 | +26.8% |
| Furniture and vehicles | 24 | €45,886 | €34,552 | -€11,335 | -24.7% |
| Current assets | 29/58 | €75,220 | €92,892 | +€17,672 | +23.5% |
| Amounts receivable within one year | 40/41 | €51,822 | €91,253 | +€39,431 | +76.1% |
| Trade receivables | 40 | €412 | €30,000 | +€29,588 | +7,181% |
| Other amounts receivable | 41 | €51,410 | €61,253 | +€9,843 | +19.1% |
| Cash at bank and in hand | 54/58 | €23,398 | €907 | -€22,491 | -96.1% |
| Deferred charges and accrued income | 490/1 | - | €733 | +€733 | |
| Total equity and liabilities | 10/49 | €122,465 | €129,166 | +€6,701 | +5.5% |
| Equity | 10/15 | €121,186 | €128,213 | +€7,027 | +5.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €120,686 | €127,713 | +€7,027 | +5.8% |
| Distributable reserves | 133 | €120,686 | €127,713 | +€7,027 | +5.8% |
| Amounts payable | 17/49 | €1,279 | €954 | -€326 | -25.5% |
| Amounts payable within one year | 42/48 | €1,279 | €954 | -€326 | -25.5% |
| Trade debts | 44 | - | €218 | +€218 | |
| Suppliers | 440/4 | - | €218 | +€218 | |
| Taxes, remuneration and social security | 45 | €1,279 | €736 | -€544 | -42.5% |
| Taxes | 450/3 | €1,279 | €736 | -€544 | -42.5% |
| Non-recurring operating income | 76A | €1,764 | - | -€1,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,913 | €15,118 | +€2,205 | +17.1% |
| Other operating charges | 640/8 | €764 | €520 | -€244 | -31.9% |
| Gross operating margin | 9900 | €2,121 | €24,039 | +€21,918 | +1,033% |
| Operating profit (loss) | 9901 | -€11,556 | €8,401 | +€19,957 | |
| Financial income | 75/76B | €1,451 | €2,660 | +€1,209 | +83.3% |
| Recurring financial income | 75 | €1,451 | €2,660 | +€1,209 | +83.3% |
| Financial charges | 65/66B | €127 | €138 | +€12 | +9.2% |
| Recurring financial charges | 65 | €127 | €138 | +€12 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,231 | €10,923 | +€21,154 | |
| Income taxes | 67/77 | €134 | €3,896 | +€3,762 | +2,816% |
| Profit (loss) for the period | 9904 | -€10,365 | €7,027 | +€17,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,365 | €7,027 | +€17,392 |
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 27 October 2026 via checked.be.