Prof.Dr. Van Gaal: 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.
Prof.Dr. Van Gaal
Largest movements
- Cash -€73,825
down €73,825 (-32.5%), from €227,245 to €153,420
mainly Contributions, distributions and other (-€245,198) and Receivables within one year (-€18,050)
- Tangible fixed assets -€28,154
down €28,154 (-58.3%), from €48,267 to €20,114
of which Other tangible fixed assets: -€29,477
- Current investments -€25,842
down €25,842 (-4.5%), from €568,994 to €543,152
- Receivables within one year +€18,050
up €18,050 (+7.9%), from €229,886 to €247,937
of which Trade receivables: +€13,401
- Reserves -€118,999
down €118,999 (-11.5%), from €1.0m to €916,537
of which Distributable reserves: -€118,999
- Tax, wage and social debts +€11,219
up €11,219 (+66.9%), from €16,778 to €27,997
- Gross operating margin +€36,398
up €36,398 (+24.8%), from €146,939 to €183,336
- Other operating charges +€15,840
up €15,840 (+422%), from €3,755 to €19,595
- Financial income +€14,123
up €14,123 (+93.5%), from €15,110 to €29,233
- Taxes +€11,739
up €11,739 (+24.1%), from €48,623 to €60,361
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 | €1,078,119 | €968,497 | -€109,621 | -10.2% |
| Fixed assets | 21/28 | €48,267 | €20,114 | -€28,154 | -58.3% |
| Tangible fixed assets | 22/27 | €48,267 | €20,114 | -€28,154 | -58.3% |
| Furniture and vehicles | 24 | €809 | €2,132 | +€1,323 | +164% |
| Other tangible fixed assets | 26 | €47,458 | €17,981 | -€29,477 | -62.1% |
| Current assets | 29/58 | €1,029,852 | €948,384 | -€81,468 | -7.9% |
| Amounts receivable within one year | 40/41 | €229,886 | €247,937 | +€18,050 | +7.9% |
| Trade receivables | 40 | €7,890 | €21,291 | +€13,401 | +170% |
| Other amounts receivable | 41 | €221,996 | €226,646 | +€4,650 | +2.1% |
| Current investments | 50/53 | €568,994 | €543,152 | -€25,842 | -4.5% |
| Cash at bank and in hand | 54/58 | €227,245 | €153,420 | -€73,825 | -32.5% |
| Deferred charges and accrued income | 490/1 | €3,727 | €3,875 | +€148 | +4.0% |
| Total equity and liabilities | 10/49 | €1,078,119 | €968,497 | -€109,621 | -10.2% |
| Equity | 10/15 | €1,047,936 | €928,937 | -€118,999 | -11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,035,536 | €916,537 | -€118,999 | -11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,033,676 | €914,677 | -€118,999 | -11.5% |
| Amounts payable | 17/49 | €30,182 | €39,561 | +€9,378 | +31.1% |
| Amounts payable within one year | 42/48 | €30,129 | €39,561 | +€9,432 | +31.3% |
| Financial debts | 43 | €6,667 | €6,667 | = | 0.0% |
| Credit institutions | 430/8 | €6,667 | €6,667 | = | 0.0% |
| Trade debts | 44 | €6,684 | €4,845 | -€1,839 | -27.5% |
| Suppliers | 440/4 | €6,684 | €4,845 | -€1,839 | -27.5% |
| Taxes, remuneration and social security | 45 | €16,778 | €27,997 | +€11,219 | +66.9% |
| Taxes | 450/3 | €16,778 | €27,997 | +€11,219 | +66.9% |
| Other amounts payable | 47/48 | - | €52 | +€52 | |
| Accrued charges and deferred income | 492/3 | €53 | - | -€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,591 | €4,839 | +€248 | +5.4% |
| Other operating charges | 640/8 | €3,755 | €19,595 | +€15,840 | +422% |
| Gross operating margin | 9900 | €146,939 | €183,336 | +€36,398 | +24.8% |
| Operating profit (loss) | 9901 | €138,593 | €158,902 | +€20,309 | +14.7% |
| Financial income | 75/76B | €15,110 | €29,233 | +€14,123 | +93.5% |
| Recurring financial income | 75 | €15,110 | €29,233 | +€14,123 | +93.5% |
| Financial charges | 65/66B | €82 | €1,575 | +€1,493 | +1,817% |
| Recurring financial charges | 65 | €82 | €1,575 | +€1,493 | +1,817% |
| Profit (loss) for the period before taxes | 9903 | €153,621 | €186,560 | +€32,939 | +21.4% |
| Income taxes | 67/77 | €48,623 | €60,361 | +€11,739 | +24.1% |
| Profit (loss) for the period | 9904 | €104,998 | €126,199 | +€21,201 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,998 | €126,199 | +€21,201 | +20.2% |
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 1 November 2026 via checked.be.