DR. VAN AUDENHOVE: 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.
DR. VAN AUDENHOVE
Largest movements
- Receivables within one year -€337,665
down €337,665 (-93.6%), from €360,818 to €23,153
- Current investments +€262,424
up €262,424 (+394%), from €66,666 to €329,090
- Cash +€43,577
up €43,577 (+15.5%), from €280,723 to €324,300
mainly Receivables within one year (+€337,665) and Net result for the year (+€152,988)
- Tangible fixed assets -€19,832
down €19,832 (-12.2%), from €162,361 to €142,529
- Other debts -€75,570
down €75,570 (-39.3%), from €192,493 to €116,923
- Reserves +€36,265
up €36,265 (+5.6%), from €645,894 to €682,159
- Tax, wage and social debts -€12,172
down €12,172 (-75.2%), from €16,193 to €4,021
- Financial income -€15,866
down €15,866 (-92.6%), from €17,130 to €1,264
- Taxes -€4,172
down €4,172 (-5.9%), from €71,193 to €67,021
- Gross operating margin +€3,146
up €3,146 (+1.3%), from €239,958 to €243,104
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 | €870,568 | €819,072 | -€51,496 | -5.9% |
| Fixed assets | 21/28 | €162,361 | €142,529 | -€19,832 | -12.2% |
| Tangible fixed assets | 22/27 | €162,361 | €142,529 | -€19,832 | -12.2% |
| Land and buildings | 22 | €126,225 | €119,542 | -€6,683 | -5.3% |
| Plant, machinery and equipment | 23 | €13,569 | €8,890 | -€4,679 | -34.5% |
| Furniture and vehicles | 24 | €9,506 | €7,173 | -€2,333 | -24.5% |
| Other tangible fixed assets | 26 | €13,061 | €6,924 | -€6,137 | -47.0% |
| Current assets | 29/58 | €708,207 | €676,543 | -€31,664 | -4.5% |
| Amounts receivable within one year | 40/41 | €360,818 | €23,153 | -€337,665 | -93.6% |
| Other amounts receivable | 41 | €360,818 | €23,153 | -€337,665 | -93.6% |
| Current investments | 50/53 | €66,666 | €329,090 | +€262,424 | +394% |
| Cash at bank and in hand | 54/58 | €280,723 | €324,300 | +€43,577 | +15.5% |
| Total equity and liabilities | 10/49 | €870,568 | €819,072 | -€51,496 | -5.9% |
| Equity | 10/15 | €659,890 | €696,155 | +€36,265 | +5.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €645,894 | €682,159 | +€36,265 | +5.6% |
| Distributable reserves | 133 | €645,894 | €682,159 | +€36,265 | +5.6% |
| Profit (loss) carried forward | 14 | €1,596 | €1,596 | = | 0.0% |
| Amounts payable | 17/49 | €210,678 | €122,917 | -€87,761 | -41.7% |
| Amounts payable within one year | 42/48 | €210,678 | €122,917 | -€87,761 | -41.7% |
| Trade debts | 44 | €1,992 | €1,973 | -€19 | -1.0% |
| Suppliers | 440/4 | €1,992 | €1,973 | -€19 | -1.0% |
| Taxes, remuneration and social security | 45 | €16,193 | €4,021 | -€12,172 | -75.2% |
| Taxes | 450/3 | €16,193 | €4,021 | -€12,172 | -75.2% |
| Other amounts payable | 47/48 | €192,493 | €116,923 | -€75,570 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,940 | €23,490 | +€1,550 | +7.1% |
| Other operating charges | 640/8 | €694 | €506 | -€188 | -27.1% |
| Gross operating margin | 9900 | €239,958 | €243,104 | +€3,146 | +1.3% |
| Operating profit (loss) | 9901 | €217,324 | €219,108 | +€1,784 | +0.8% |
| Financial income | 75/76B | €17,130 | €1,264 | -€15,866 | -92.6% |
| Recurring financial income | 75 | €17,130 | €1,264 | -€15,866 | -92.6% |
| Financial charges | 65/66B | €85 | €363 | +€278 | +327% |
| Recurring financial charges | 65 | €85 | €363 | +€278 | +327% |
| Profit (loss) for the period before taxes | 9903 | €234,369 | €220,009 | -€14,360 | -6.1% |
| Income taxes | 67/77 | €71,193 | €67,021 | -€4,172 | -5.9% |
| Profit (loss) for the period | 9904 | €163,176 | €152,988 | -€10,188 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €163,176 | €152,988 | -€10,188 | -6.2% |
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 29 October 2026 via checked.be.