R. VAN: what changed
Two fiscal 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.
R. VAN
Largest movements
- Cash +€11,629
up €11,629 (+21.1%), from €55,099 to €66,728
mainly Depreciation (+€10,032) and Net result for the year (+€2,008)
- Tangible fixed assets -€10,032
down €10,032 (-5.2%), from €193,101 to €183,070
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€19,332
up €19,332, from -€5,396 to €13,936
- Depreciation -€156
down €156 (-1.5%), from €10,188 to €10,032
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 | €322,258 | €324,091 | +€1,833 | +0.6% |
| Fixed assets | 21/28 | €193,101 | €183,070 | -€10,032 | -5.2% |
| Tangible fixed assets | 22/27 | €193,101 | €183,070 | -€10,032 | -5.2% |
| Land and buildings | 22 | €176,114 | €172,988 | -€3,126 | -1.8% |
| Plant, machinery and equipment | 23 | €8,992 | €5,992 | -€3,000 | -33.4% |
| Furniture and vehicles | 24 | €7,624 | €3,904 | -€3,719 | -48.8% |
| Other tangible fixed assets | 26 | €372 | €186 | -€186 | -50.0% |
| Current assets | 29/58 | €129,156 | €141,022 | +€11,865 | +9.2% |
| Stocks and contracts in progress | 3 | €74,057 | €73,589 | -€469 | -0.6% |
| Stocks | 30/36 | €74,057 | €73,589 | -€469 | -0.6% |
| Amounts receivable within one year | 40/41 | €0 | €705 | +€705 | |
| Other amounts receivable | 41 | €0 | €705 | +€705 | |
| Cash at bank and in hand | 54/58 | €55,099 | €66,728 | +€11,629 | +21.1% |
| Total equity and liabilities | 10/49 | €322,258 | €324,091 | +€1,833 | +0.6% |
| Equity | 10/15 | -€17,852 | -€15,844 | +€2,008 | +11.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €1,165 | €1,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,165 | €1,165 | = | 0.0% |
| Legal reserve | 130 | €1,165 | €1,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,753 | -€165,745 | +€2,008 | +1.2% |
| Amounts payable | 17/49 | €340,110 | €339,935 | -€175 | -0.1% |
| Amounts payable within one year | 42/48 | €340,110 | €339,935 | -€175 | -0.1% |
| Trade debts | 44 | €126 | €8 | -€118 | -93.6% |
| Suppliers | 440/4 | €126 | €8 | -€118 | -93.6% |
| Taxes, remuneration and social security | 45 | €99 | €42 | -€57 | -57.5% |
| Taxes | 450/3 | €99 | €42 | -€57 | -57.5% |
| Other amounts payable | 47/48 | €339,885 | €339,885 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,188 | €10,032 | -€156 | -1.5% |
| Other operating charges | 640/8 | €1,807 | €1,823 | +€15 | +0.9% |
| Gross operating margin | 9900 | -€5,396 | €13,936 | +€19,332 | |
| Operating profit (loss) | 9901 | -€17,391 | €2,081 | +€19,472 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €45 | €73 | +€28 | +61.9% |
| Recurring financial charges | 65 | €45 | €73 | +€28 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,436 | €2,008 | +€19,444 | |
| Profit (loss) for the period | 9904 | -€17,436 | €2,008 | +€19,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,436 | €2,008 | +€19,444 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.