RIK VANAELST: 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.
RIK VANAELST
Largest movements
- Cash -€62,452
down €62,452 (-30.6%), from €204,032 to €141,581
mainly Other debts (-€77,334) and Contributions, distributions and other (-€1,666)
- Tangible fixed assets -€7,546
down €7,546 (-26.3%), from €28,653 to €21,107
of which Furniture and vehicles: -€7,129
- Receivables within one year -€3,647
down €3,647 (-29.7%), from €12,293 to €8,646
of which Trade receivables: -€3,723
- Other debts -€77,334
down €77,334 (-97.9%), from €79,000 to €1,666
- Reserves +€3,684
up €3,684 (+3.1%), from €117,029 to €120,713
of which Distributable reserves: +€3,684
- Gross operating margin -€10,992
down €10,992 (-41.9%), from €26,244 to €15,252
- Taxes -€3,578
down €3,578 (-57.4%), from €6,230 to €2,652
- Financial income -€1,293
down €1,293 (-54.7%), from €2,364 to €1,071
- Depreciation -€522
down €522 (-6.5%), from €8,068 to €7,546
- Other operating charges -€432
down €432 (-37.5%), from €1,153 to €721
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 | €249,856 | €177,117 | -€72,739 | -29.1% |
| Fixed assets | 21/28 | €28,653 | €21,107 | -€7,546 | -26.3% |
| Tangible fixed assets | 22/27 | €28,653 | €21,107 | -€7,546 | -26.3% |
| Plant, machinery and equipment | 23 | €738 | €356 | -€381 | -51.7% |
| Furniture and vehicles | 24 | €27,751 | €20,622 | -€7,129 | -25.7% |
| Other tangible fixed assets | 26 | €164 | €128 | -€36 | -21.9% |
| Current assets | 29/58 | €221,203 | €156,010 | -€65,193 | -29.5% |
| Stocks and contracts in progress | 3 | €2,951 | €4,074 | +€1,123 | +38.1% |
| Stocks | 30/36 | €2,951 | €4,074 | +€1,123 | +38.1% |
| Amounts receivable within one year | 40/41 | €12,293 | €8,646 | -€3,647 | -29.7% |
| Trade receivables | 40 | €10,495 | €6,772 | -€3,723 | -35.5% |
| Other amounts receivable | 41 | €1,797 | €1,873 | +€76 | +4.2% |
| Cash at bank and in hand | 54/58 | €204,032 | €141,581 | -€62,452 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,927 | €1,710 | -€217 | -11.3% |
| Total equity and liabilities | 10/49 | €249,856 | €177,117 | -€72,739 | -29.1% |
| Equity | 10/15 | €168,529 | €172,213 | +€3,684 | +2.2% |
| Contributions | 10/11 | €51,500 | €51,500 | = | 0.0% |
| Reserves | 13 | €117,029 | €120,713 | +€3,684 | +3.1% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €105,529 | €109,213 | +€3,684 | +3.5% |
| Amounts payable | 17/49 | €81,326 | €4,903 | -€76,423 | -94.0% |
| Amounts payable within one year | 42/48 | €81,326 | €4,903 | -€76,423 | -94.0% |
| Trade debts | 44 | €1,166 | €1,739 | +€573 | +49.2% |
| Suppliers | 440/4 | €1,166 | €1,739 | +€573 | +49.2% |
| Taxes, remuneration and social security | 45 | €1,160 | €1,498 | +€338 | +29.1% |
| Taxes | 450/3 | €1,160 | €1,498 | +€338 | +29.1% |
| Other amounts payable | 47/48 | €79,000 | €1,666 | -€77,334 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,068 | €7,546 | -€522 | -6.5% |
| Other operating charges | 640/8 | €1,153 | €721 | -€432 | -37.5% |
| Gross operating margin | 9900 | €26,244 | €15,252 | -€10,992 | -41.9% |
| Operating profit (loss) | 9901 | €17,023 | €6,985 | -€10,038 | -59.0% |
| Financial income | 75/76B | €2,364 | €1,071 | -€1,293 | -54.7% |
| Recurring financial income | 75 | €2,364 | €1,071 | -€1,293 | -54.7% |
| Financial charges | 65/66B | €79 | €54 | -€25 | -31.6% |
| Recurring financial charges | 65 | €79 | €54 | -€25 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €19,308 | €8,002 | -€11,306 | -58.6% |
| Income taxes | 67/77 | €6,230 | €2,652 | -€3,578 | -57.4% |
| Profit (loss) for the period | 9904 | €13,078 | €5,350 | -€7,728 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,078 | €5,350 | -€7,728 | -59.1% |
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 31 October 2026 via checked.be.