PH. VANBELLEN: 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.
PH. VANBELLEN
Largest movements
- Tangible fixed assets -€6,468
down €6,468 (-7.7%), from €83,590 to €77,122
of which Land and buildings: -€6,135
- Debts after one year -€19,243
down €19,243 (-67.2%), from €28,624 to €9,381
- Trade debts +€16,679
up €16,679 (+1,931%), from €864 to €17,542
- Tax, wage and social debts -€12,006
down €12,006 (-62.4%), from €19,243 to €7,238
- Short-term financial debts +€10,357
up €10,357 (+168%), from €6,165 to €16,522
- Gross operating margin +€3,904
up €3,904 (+658%), from €594 to €4,498
- Depreciation -€3,571
down €3,571 (-31.5%), from €11,325 to €7,754
- Financial income -€837
down €837 (-8.7%), from €9,586 to €8,749
- Financial charges +€747
up €747 (+13.9%), from €5,356 to €6,103
- Taxes -€334
down €334 (-83.3%), from €401 to €67
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,174 | €286,358 | -€4,816 | -1.7% |
| Fixed assets | 21/28 | €83,590 | €77,122 | -€6,468 | -7.7% |
| Tangible fixed assets | 22/27 | €83,590 | €77,122 | -€6,468 | -7.7% |
| Land and buildings | 22 | €81,804 | €75,669 | -€6,135 | -7.5% |
| Furniture and vehicles | 24 | €0 | €858 | +€858 | |
| Other tangible fixed assets | 26 | €1,786 | €595 | -€1,191 | -66.7% |
| Current assets | 29/58 | €207,584 | €209,236 | +€1,652 | +0.8% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €117,584 | €118,964 | +€1,380 | +1.2% |
| Trade receivables | 40 | - | €5,145 | +€5,145 | |
| Other amounts receivable | 41 | €117,584 | €113,819 | -€3,766 | -3.2% |
| Deferred charges and accrued income | 490/1 | - | €272 | +€272 | |
| Total equity and liabilities | 10/49 | €291,174 | €286,358 | -€4,816 | -1.7% |
| Equity | 10/15 | €223,125 | €221,235 | -€1,890 | -0.8% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,865 | €205,975 | -€1,890 | -0.9% |
| Amounts payable | 17/49 | €68,049 | €65,123 | -€2,926 | -4.3% |
| Amounts payable after more than one year | 17 | €28,624 | €9,381 | -€19,243 | -67.2% |
| Financial debts | 170/4 | €28,624 | €9,381 | -€19,243 | -67.2% |
| Amounts payable within one year | 42/48 | €37,272 | €52,302 | +€15,031 | +40.3% |
| Financial debts | 43 | €6,165 | €16,522 | +€10,357 | +168% |
| Credit institutions | 430/8 | €6,165 | €16,522 | +€10,357 | +168% |
| Trade debts | 44 | €864 | €17,542 | +€16,679 | +1,931% |
| Suppliers | 440/4 | €864 | €17,542 | +€16,679 | +1,931% |
| Taxes, remuneration and social security | 45 | €19,243 | €7,238 | -€12,006 | -62.4% |
| Taxes | 450/3 | €19,243 | €7,238 | -€12,006 | -62.4% |
| Other amounts payable | 47/48 | €11,000 | €11,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,153 | €3,439 | +€1,286 | +59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,325 | €7,754 | -€3,571 | -31.5% |
| Other operating charges | 640/8 | €951 | €1,213 | +€262 | +27.6% |
| Gross operating margin | 9900 | €594 | €4,498 | +€3,904 | +658% |
| Operating profit (loss) | 9901 | -€11,682 | -€4,469 | +€7,213 | +61.7% |
| Financial income | 75/76B | €9,586 | €8,749 | -€837 | -8.7% |
| Recurring financial income | 75 | €9,586 | €8,749 | -€837 | -8.7% |
| Financial charges | 65/66B | €5,356 | €6,103 | +€747 | +13.9% |
| Recurring financial charges | 65 | €5,356 | €6,103 | +€747 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,452 | -€1,823 | +€5,629 | +75.5% |
| Income taxes | 67/77 | €401 | €67 | -€334 | -83.3% |
| Profit (loss) for the period | 9904 | -€7,853 | -€1,890 | +€5,963 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,853 | -€1,890 | +€5,963 | +75.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.