Dr. Van der Vorst E.: 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 der Vorst E.
Largest movements
- Cash -€37,769
down €37,769 (-36.2%), from €104,229 to €66,460
mainly Other debts (-€57,710) and Debts after one year (-€35,684)
- Deferred charges and accrued income +€33,931
up €33,931, from €0 to €33,931
- Receivables within one year -€12,704
down €12,704 (-91.7%), from €13,856 to €1,152
of which Trade receivables: -€12,704
- Tangible fixed assets -€11,116
down €11,116 (-1.3%), from €834,168 to €823,052
of which Land and buildings: -€6,346
- Reserves +€72,650
up €72,650 (+18.6%), from €389,839 to €462,490
- Other debts -€57,710
down €57,710 (-23.0%), from €251,429 to €193,718
- Debts after one year -€35,684
down €35,684 (-14.9%), from €240,289 to €204,605
- Gross operating margin +€26,751
up €26,751 (+17.3%), from €155,079 to €181,830
- Taxes +€6,731
up €6,731 (+31.0%), from €21,718 to €28,450
- Depreciation -€2,078
down €2,078 (-4.4%), from €47,742 to €45,664
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 | €954,981 | €927,323 | -€27,658 | -2.9% |
| Fixed assets | 21/28 | €836,896 | €825,780 | -€11,116 | -1.3% |
| Tangible fixed assets | 22/27 | €834,168 | €823,052 | -€11,116 | -1.3% |
| Land and buildings | 22 | €827,853 | €821,506 | -€6,346 | -0.8% |
| Plant, machinery and equipment | 23 | €2,457 | €0 | -€2,457 | -100.0% |
| Furniture and vehicles | 24 | €3,265 | €1,545 | -€1,720 | -52.7% |
| Other tangible fixed assets | 26 | €593 | €0 | -€593 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €2,728 | €2,728 | = | 0.0% |
| Current assets | 29/58 | €118,085 | €101,543 | -€16,542 | -14.0% |
| Amounts receivable within one year | 40/41 | €13,856 | €1,152 | -€12,704 | -91.7% |
| Trade receivables | 40 | €13,856 | €1,152 | -€12,704 | -91.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €104,229 | €66,460 | -€37,769 | -36.2% |
| Deferred charges and accrued income | 490/1 | €0 | €33,931 | +€33,931 | |
| Total equity and liabilities | 10/49 | €954,981 | €927,323 | -€27,658 | -2.9% |
| Equity | 10/15 | €402,239 | €474,890 | +€72,650 | +18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €389,839 | €462,490 | +€72,650 | +18.6% |
| Distributable reserves | 133 | €389,839 | €462,490 | +€72,650 | +18.6% |
| Amounts payable | 17/49 | €552,741 | €452,433 | -€100,308 | -18.1% |
| Amounts payable after more than one year | 17 | €240,289 | €204,605 | -€35,684 | -14.9% |
| Financial debts | 170/4 | €240,289 | €204,605 | -€35,684 | -14.9% |
| Amounts payable within one year | 42/48 | €312,452 | €247,829 | -€64,624 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €34,283 | €35,684 | +€1,401 | +4.1% |
| Trade debts | 44 | €13,709 | €7,693 | -€6,016 | -43.9% |
| Suppliers | 440/4 | €13,709 | €7,693 | -€6,016 | -43.9% |
| Taxes, remuneration and social security | 45 | €13,032 | €10,734 | -€2,299 | -17.6% |
| Taxes | 450/3 | €13,032 | €10,734 | -€2,299 | -17.6% |
| Other amounts payable | 47/48 | €251,429 | €193,718 | -€57,710 | -23.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,742 | €45,664 | -€2,078 | -4.4% |
| Other operating charges | 640/8 | €6,600 | €5,280 | -€1,320 | -20.0% |
| Gross operating margin | 9900 | €155,079 | €181,830 | +€26,751 | +17.3% |
| Operating profit (loss) | 9901 | €100,736 | €130,886 | +€30,150 | +29.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €28,551 | €29,787 | +€1,235 | +4.3% |
| Recurring financial charges | 65 | €28,551 | €29,787 | +€1,235 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €72,185 | €101,100 | +€28,915 | +40.1% |
| Income taxes | 67/77 | €21,718 | €28,450 | +€6,731 | +31.0% |
| Profit (loss) for the period | 9904 | €50,466 | €72,650 | +€22,184 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,466 | €72,650 | +€22,184 | +44.0% |
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.