Dr. VAN GERVEN J.: 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 GERVEN J.
Largest movements
- Tangible fixed assets +€18,183
up €18,183 (+7.0%), from €260,835 to €279,018
of which Furniture and vehicles: +€28,168
- Cash +€15,769
up €15,769 (+15.0%), from €104,819 to €120,588
mainly Net result for the year (+€62,852) and Depreciation (+€52,112)
- Reserves +€62,019
up €62,019 (+19.8%), from €313,726 to €375,745
of which Distributable reserves: +€62,019
- Other debts -€10,376
down €10,376 (-65.6%), from €15,825 to €5,449
- Current portion of long-term debt -€5,657
down €5,657 (-74.9%), from €7,551 to €1,895
- Tax, wage and social debts -€4,929
down €4,929 (-85.4%), from €5,775 to €846
of which Taxes: -€5,525
- Depreciation +€23,000
up €23,000 (+79.0%), from €29,112 to €52,112
- Gross operating margin +€15,810
up €15,810 (+12.0%), from €132,298 to €148,108
- Staff costs +€4,493
new in 2025: €4,493
- Taxes -€1,545
down €1,545 (-6.1%), from €25,517 to €23,972
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 | €367,822 | €406,170 | +€38,348 | +10.4% |
| Fixed assets | 21/28 | €260,835 | €283,003 | +€22,168 | +8.5% |
| Intangible fixed assets | 21 | - | €3,985 | +€3,985 | |
| Tangible fixed assets | 22/27 | €260,835 | €279,018 | +€18,183 | +7.0% |
| Land and buildings | 22 | €37,252 | €31,548 | -€5,704 | -15.3% |
| Plant, machinery and equipment | 23 | €11,879 | €28,523 | +€16,644 | +140% |
| Furniture and vehicles | 24 | €21,255 | €49,423 | +€28,168 | +133% |
| Other tangible fixed assets | 26 | €190,449 | €169,524 | -€20,925 | -11.0% |
| Current assets | 29/58 | €106,988 | €123,167 | +€16,180 | +15.1% |
| Amounts receivable within one year | 40/41 | €697 | €951 | +€255 | +36.6% |
| Other amounts receivable | 41 | €697 | €951 | +€255 | +36.6% |
| Cash at bank and in hand | 54/58 | €104,819 | €120,588 | +€15,769 | +15.0% |
| Deferred charges and accrued income | 490/1 | €1,473 | €1,628 | +€156 | +10.6% |
| Total equity and liabilities | 10/49 | €367,822 | €406,170 | +€38,348 | +10.4% |
| Equity | 10/15 | €332,326 | €394,345 | +€62,019 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,726 | €375,745 | +€62,019 | +19.8% |
| Tax-exempt reserves | 132 | €84 | €84 | = | 0.0% |
| Distributable reserves | 133 | €313,642 | €375,661 | +€62,019 | +19.8% |
| Amounts payable | 17/49 | €35,496 | €11,825 | -€23,671 | -66.7% |
| Amounts payable after more than one year | 17 | €1,895 | - | -€1,895 | |
| Financial debts | 170/4 | €1,895 | - | -€1,895 | |
| Amounts payable within one year | 42/48 | €33,602 | €11,825 | -€21,777 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | €7,551 | €1,895 | -€5,657 | -74.9% |
| Trade debts | 44 | €4,451 | €3,635 | -€815 | -18.3% |
| Suppliers | 440/4 | €4,451 | €3,635 | -€815 | -18.3% |
| Taxes, remuneration and social security | 45 | €5,775 | €846 | -€4,929 | -85.4% |
| Taxes | 450/3 | €5,775 | €250 | -€5,525 | -95.7% |
| Remuneration and social security | 454/9 | - | €596 | +€596 | |
| Other amounts payable | 47/48 | €15,825 | €5,449 | -€10,376 | -65.6% |
| Remuneration, social security and pensions | 62 | - | €4,493 | +€4,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,112 | €52,112 | +€23,000 | +79.0% |
| Other operating charges | 640/8 | €4,317 | €4,409 | +€92 | +2.1% |
| Gross operating margin | 9900 | €132,298 | €148,108 | +€15,810 | +12.0% |
| Operating profit (loss) | 9901 | €98,869 | €87,094 | -€11,774 | -11.9% |
| Financial income | 75/76B | €0 | €22 | +€22 | +5,572% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +5,572% |
| Financial charges | 65/66B | €304 | €292 | -€12 | -3.9% |
| Recurring financial charges | 65 | €304 | €292 | -€12 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €98,565 | €86,824 | -€11,741 | -11.9% |
| Income taxes | 67/77 | €25,517 | €23,972 | -€1,545 | -6.1% |
| Profit (loss) for the period | 9904 | €73,048 | €62,852 | -€10,195 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,048 | €62,852 | -€10,195 | -14.0% |
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 28 October 2026 via checked.be.