G. VANBETS: 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.
G. VANBETS
Largest movements
- Deferred charges and accrued income -€10,434
down €10,434 (-99.9%), from €10,441 to €7
- Receivables within one year +€7,732
up €7,732 (+150.0%), from €5,156 to €12,888
of which Trade receivables: +€9,685
- Cash -€869
down €869 (-52.6%), from €1,652 to €783
mainly Current portion of long-term debt (-€22,500) and Tax, wage and social debts (-€12,995)
- Tangible fixed assets +€256
up €256 (+8.3%), from €3,084 to €3,340
of which Furniture and vehicles: +€540
- Profit (loss) carried forward +€38,585
up €38,585 (+19.9%), from -€193,924 to -€155,338
- Current portion of long-term debt -€22,500
down €22,500 (-100.0%), from €22,500 to €0
- Tax, wage and social debts -€12,995
down €12,995 (-89.7%), from €14,485 to €1,489
- Debts after one year -€12,000
down €12,000 (-8.5%), from €142,000 to €130,000
- Short-term financial debts +€6,780
up €6,780 (+105.2%), from €6,444 to €13,224
- Gross operating margin +€3,894
up €3,894 (+7.6%), from €51,098 to €54,993
- Financial charges -€1,048
down €1,048 (-38.4%), from €2,730 to €1,682
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 | €20,332 | €17,019 | -€3,314 | -16.3% |
| Fixed assets | 21/28 | €3,084 | €3,340 | +€256 | +8.3% |
| Tangible fixed assets | 22/27 | €3,084 | €3,340 | +€256 | +8.3% |
| Furniture and vehicles | 24 | €605 | €1,144 | +€540 | +89.3% |
| Other tangible fixed assets | 26 | €2,479 | €2,196 | -€284 | -11.4% |
| Current assets | 29/58 | €17,248 | €13,678 | -€3,570 | -20.7% |
| Amounts receivable within one year | 40/41 | €5,156 | €12,888 | +€7,732 | +150.0% |
| Trade receivables | 40 | €0 | €9,685 | +€9,685 | |
| Other amounts receivable | 41 | €5,156 | €3,203 | -€1,953 | -37.9% |
| Cash at bank and in hand | 54/58 | €1,652 | €783 | -€869 | -52.6% |
| Deferred charges and accrued income | 490/1 | €10,441 | €7 | -€10,434 | -99.9% |
| Total equity and liabilities | 10/49 | €20,332 | €17,019 | -€3,314 | -16.3% |
| Equity | 10/15 | -€174,099 | -€135,513 | +€38,585 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,225 | €1,225 | = | 0.0% |
| Distributable reserves | 133 | €1,225 | €1,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,924 | -€155,338 | +€38,585 | +19.9% |
| Amounts payable | 17/49 | €194,431 | €152,532 | -€41,899 | -21.5% |
| Amounts payable after more than one year | 17 | €142,000 | €130,000 | -€12,000 | -8.5% |
| Financial debts | 170/4 | €142,000 | €130,000 | -€12,000 | -8.5% |
| Amounts payable within one year | 42/48 | €45,774 | €15,995 | -€29,779 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | €22,500 | €0 | -€22,500 | -100.0% |
| Financial debts | 43 | €6,444 | €13,224 | +€6,780 | +105.2% |
| Credit institutions | 430/8 | €6,444 | €13,224 | +€6,780 | +105.2% |
| Trade debts | 44 | €1,313 | €400 | -€913 | -69.6% |
| Suppliers | 440/4 | €1,313 | €400 | -€913 | -69.6% |
| Advances received on contracts in progress | 46 | €1,033 | €0 | -€1,033 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,485 | €1,489 | -€12,995 | -89.7% |
| Taxes | 450/3 | €14,485 | €1,489 | -€12,995 | -89.7% |
| Other amounts payable | 47/48 | €0 | €882 | +€882 | |
| Accrued charges and deferred income | 492/3 | €6,657 | €6,537 | -€120 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €555 | €787 | +€232 | +41.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €51,098 | €54,993 | +€3,894 | +7.6% |
| Operating profit (loss) | 9901 | €50,156 | €53,806 | +€3,650 | +7.3% |
| Financial income | 75/76B | €337 | €0 | -€337 | -100.0% |
| Recurring financial income | 75 | €337 | €0 | -€337 | -100.0% |
| Financial charges | 65/66B | €2,730 | €1,682 | -€1,048 | -38.4% |
| Recurring financial charges | 65 | €2,730 | €1,682 | -€1,048 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €47,763 | €52,124 | +€4,361 | +9.1% |
| Income taxes | 67/77 | €13,581 | €13,539 | -€41 | -0.3% |
| Profit (loss) for the period | 9904 | €34,182 | €38,585 | +€4,403 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,182 | €38,585 | +€4,403 | +12.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.