VAN ACKER: 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.
VAN ACKER
Largest movements
- Cash +€262,684
up €262,684 (+99.0%), from €265,259 to €527,943
mainly Net result for the year (+€226,366) and Depreciation (+€93,602)
- Tangible fixed assets -€36,112
down €36,112 (-27.4%), from €131,986 to €95,874
of which Land and buildings: -€45,531
- Current investments +€23,539
up €23,539 (+24.3%), from €96,993 to €120,532
- Reserves +€202,426
up €202,426 (+66.1%), from €306,473 to €508,899
of which Distributable reserves: +€202,426
- Tax, wage and social debts +€34,548
up €34,548 (+64.3%), from €53,737 to €88,285
of which Taxes: +€33,617
- Current portion of long-term debt -€29,325
no longer reported in 2025 (was €29,325)
- Other debts +€22,261
up €22,261 (+47.0%), from €47,330 to €69,591
- Trade debts +€10,326
up €10,326 (+17.5%), from €58,985 to €69,312
- Gross operating margin +€168,362
up €168,362 (+33.4%), from €503,990 to €672,351
- Taxes +€48,234
up €48,234 (+92.5%), from €52,164 to €100,397
- Staff costs +€15,835
up €15,835 (+6.8%), from €231,539 to €247,374
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 | €537,931 | €778,956 | +€241,025 | +44.8% |
| Fixed assets | 21/28 | €132,436 | €96,324 | -€36,112 | -27.3% |
| Tangible fixed assets | 22/27 | €131,986 | €95,874 | -€36,112 | -27.4% |
| Land and buildings | 22 | €56,028 | €10,497 | -€45,531 | -81.3% |
| Plant, machinery and equipment | 23 | €9,899 | €50,957 | +€41,058 | +415% |
| Furniture and vehicles | 24 | €66,060 | €34,420 | -€31,640 | -47.9% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €405,495 | €682,632 | +€277,137 | +68.3% |
| Stocks and contracts in progress | 3 | €28,090 | €23,110 | -€4,980 | -17.7% |
| Stocks | 30/36 | €28,090 | €23,110 | -€4,980 | -17.7% |
| Amounts receivable within one year | 40/41 | €4,195 | €778 | -€3,417 | -81.4% |
| Trade receivables | 40 | €1,465 | €346 | -€1,119 | -76.4% |
| Other amounts receivable | 41 | €2,730 | €432 | -€2,298 | -84.2% |
| Current investments | 50/53 | €96,993 | €120,532 | +€23,539 | +24.3% |
| Cash at bank and in hand | 54/58 | €265,259 | €527,943 | +€262,684 | +99.0% |
| Deferred charges and accrued income | 490/1 | €10,958 | €10,269 | -€689 | -6.3% |
| Total equity and liabilities | 10/49 | €537,931 | €778,956 | +€241,025 | +44.8% |
| Equity | 10/15 | €346,655 | €549,448 | +€202,793 | +58.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €306,473 | €508,899 | +€202,426 | +66.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €304,473 | €506,899 | +€202,426 | +66.5% |
| Profit (loss) carried forward | 14 | €20,183 | €20,549 | +€366 | +1.8% |
| Amounts payable | 17/49 | €191,276 | €229,508 | +€38,233 | +20.0% |
| Amounts payable within one year | 42/48 | €189,377 | €227,187 | +€37,810 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €29,325 | - | -€29,325 | |
| Trade debts | 44 | €58,985 | €69,312 | +€10,326 | +17.5% |
| Suppliers | 440/4 | €58,985 | €69,312 | +€10,326 | +17.5% |
| Taxes, remuneration and social security | 45 | €53,737 | €88,285 | +€34,548 | +64.3% |
| Taxes | 450/3 | €19,391 | €53,008 | +€33,617 | +173% |
| Remuneration and social security | 454/9 | €34,346 | €35,277 | +€931 | +2.7% |
| Other amounts payable | 47/48 | €47,330 | €69,591 | +€22,261 | +47.0% |
| Accrued charges and deferred income | 492/3 | €1,899 | €2,321 | +€422 | +22.2% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €231,539 | €247,374 | +€15,835 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,355 | €93,602 | +€1,247 | +1.4% |
| Other operating charges | 640/8 | €1,324 | €1,276 | -€47 | -3.6% |
| Non-recurring operating charges | 66A | - | €57 | +€57 | |
| Gross operating margin | 9900 | €503,990 | €672,351 | +€168,362 | +33.4% |
| Operating profit (loss) | 9901 | €178,772 | €330,042 | +€151,270 | +84.6% |
| Financial income | 75/76B | €44 | €584 | +€540 | +1,222% |
| Recurring financial income | 75 | €44 | €584 | +€540 | +1,222% |
| Financial charges | 65/66B | €3,760 | €3,863 | +€103 | +2.7% |
| Recurring financial charges | 65 | €3,760 | €3,863 | +€103 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €175,057 | €326,763 | +€151,707 | +86.7% |
| Income taxes | 67/77 | €52,164 | €100,397 | +€48,234 | +92.5% |
| Profit (loss) for the period | 9904 | €122,893 | €226,366 | +€103,473 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,893 | €226,366 | +€103,473 | +84.2% |
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 13 October 2026 via checked.be.