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.
VAN
Largest movements
- Receivables within one year -€15,702
down €15,702 (-98.0%), from €16,021 to €319
- Stocks and contracts +€8,800
up €8,800 (+43.3%), from €20,300 to €29,100
- Cash -€3,624
down €3,624 (-57.1%), from €6,347 to €2,722
mainly Net result for the year (-€9,379) and Stocks and contracts (-€8,800)
- Profit (loss) carried forward -€9,379
down €9,379 (-18.4%), from -€50,998 to -€60,377
- Other debts -€4,243
down €4,243 (-6.6%), from €64,587 to €60,343
- Tax, wage and social debts +€3,226
up €3,226 (+38.6%), from €8,366 to €11,592
of which Remuneration and social security: +€5,000
- Turnover -€32,824
down €32,824 (-10.0%), from €327,490 to €294,666
- Purchases and services -€22,009
down €22,009 (-6.8%), from €322,482 to €300,473
- Gross operating margin -€15,703
down €15,703, from €12,446 to -€3,257
- Other operating charges -€3,826
down €3,826 (-49.9%), from €7,673 to €3,847
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 | €43,471 | €32,944 | -€10,526 | -24.2% |
| Fixed assets | 21/28 | €803 | €803 | = | 0.0% |
| Financial fixed assets | 28 | €803 | €803 | = | 0.0% |
| Current assets | 29/58 | €42,668 | €32,141 | -€10,526 | -24.7% |
| Stocks and contracts in progress | 3 | €20,300 | €29,100 | +€8,800 | +43.3% |
| Stocks | 30/36 | €20,300 | €29,100 | +€8,800 | +43.3% |
| Amounts receivable within one year | 40/41 | €16,021 | €319 | -€15,702 | -98.0% |
| Trade receivables | 40 | €16,021 | €319 | -€15,702 | -98.0% |
| Cash at bank and in hand | 54/58 | €6,347 | €2,722 | -€3,624 | -57.1% |
| Total equity and liabilities | 10/49 | €43,471 | €32,944 | -€10,526 | -24.2% |
| Equity | 10/15 | -€31,862 | -€41,240 | -€9,379 | -29.4% |
| Contributions | 10/11 | €18,924 | €18,924 | = | 0.0% |
| Reserves | 13 | €212 | €212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €212 | €212 | = | 0.0% |
| Reserves not available under the articles | 1311 | €212 | €212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,998 | -€60,377 | -€9,379 | -18.4% |
| Amounts payable | 17/49 | €75,332 | €74,185 | -€1,148 | -1.5% |
| Amounts payable within one year | 42/48 | €75,332 | €74,185 | -€1,148 | -1.5% |
| Trade debts | 44 | €2,380 | €2,250 | -€130 | -5.5% |
| Suppliers | 440/4 | €2,380 | €2,250 | -€130 | -5.5% |
| Taxes, remuneration and social security | 45 | €8,366 | €11,592 | +€3,226 | +38.6% |
| Taxes | 450/3 | €3,366 | €1,592 | -€1,774 | -52.7% |
| Remuneration and social security | 454/9 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Other amounts payable | 47/48 | €64,587 | €60,343 | -€4,243 | -6.6% |
| Turnover | 70 | €327,490 | €294,666 | -€32,824 | -10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €322,482 | €300,473 | -€22,009 | -6.8% |
| Other operating charges | 640/8 | €7,673 | €3,847 | -€3,826 | -49.9% |
| Gross operating margin | 9900 | €12,446 | -€3,257 | -€15,703 | |
| Operating profit (loss) | 9901 | €4,773 | -€7,104 | -€11,877 | |
| Financial charges | 65/66B | €2,569 | €1,283 | -€1,286 | -50.1% |
| Recurring financial charges | 65 | €2,569 | €1,283 | -€1,286 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €2,203 | -€8,387 | -€10,590 | |
| Income taxes | 67/77 | €2,069 | €992 | -€1,077 | -52.1% |
| Profit (loss) for the period | 9904 | €135 | -€9,379 | -€9,513 | |
| Profit (loss) for the period to be appropriated | 9905 | €135 | -€9,379 | -€9,513 |
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 28 September 2026 via checked.be.