Van Acker & Winters: 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 & Winters
Largest movements
- Cash -€41,590
down €41,590 (-63.4%), from €65,581 to €23,990
mainly Contributions, distributions and other (-€94,951) and Other debts (-€55,626)
- Tangible fixed assets -€8,463
down €8,463 (-13.7%), from €61,614 to €53,151
of which Other tangible fixed assets: -€5,149
- Receivables within one year -€2,854
down €2,854 (-17.9%), from €15,961 to €13,107
of which Trade receivables: -€3,037
- Deferred charges and accrued income +€1,662
up €1,662 (+40.4%), from €4,115 to €5,777
- Other debts -€55,626
down €55,626 (-98.5%), from €56,459 to €833
- Tax, wage and social debts +€10,836
up €10,836 (+144%), from €7,537 to €18,373
- Debts after one year -€4,506
down €4,506 (-9.5%), from €47,645 to €43,139
- Reserves -€4,414
down €4,414 (-14.5%), from €30,380 to €25,965
- Trade debts +€2,384
up €2,384 (+275%), from €866 to €3,250
- Gross operating margin +€52,564
up €52,564 (+64.8%), from €81,111 to €133,674
- Taxes +€15,526
up €15,526 (+97.7%), from €15,896 to €31,422
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 | €147,312 | €96,066 | -€51,245 | -34.8% |
| Fixed assets | 21/28 | €61,654 | €53,191 | -€8,463 | -13.7% |
| Tangible fixed assets | 22/27 | €61,614 | €53,151 | -€8,463 | -13.7% |
| Furniture and vehicles | 24 | €9,185 | €5,872 | -€3,314 | -36.1% |
| Other tangible fixed assets | 26 | €52,429 | €47,280 | -€5,149 | -9.8% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €85,657 | €42,875 | -€42,783 | -49.9% |
| Amounts receivable within one year | 40/41 | €15,961 | €13,107 | -€2,854 | -17.9% |
| Trade receivables | 40 | €15,851 | €12,814 | -€3,037 | -19.2% |
| Other amounts receivable | 41 | €110 | €293 | +€183 | +165% |
| Cash at bank and in hand | 54/58 | €65,581 | €23,990 | -€41,590 | -63.4% |
| Deferred charges and accrued income | 490/1 | €4,115 | €5,777 | +€1,662 | +40.4% |
| Total equity and liabilities | 10/49 | €147,312 | €96,066 | -€51,245 | -34.8% |
| Equity | 10/15 | €30,380 | €25,965 | -€4,414 | -14.5% |
| Reserves | 13 | €30,380 | €25,965 | -€4,414 | -14.5% |
| Distributable reserves | 133 | €30,380 | €25,965 | -€4,414 | -14.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €116,932 | €70,101 | -€46,831 | -40.0% |
| Amounts payable after more than one year | 17 | €47,645 | €43,139 | -€4,506 | -9.5% |
| Financial debts | 170/4 | €47,645 | €43,139 | -€4,506 | -9.5% |
| Amounts payable within one year | 42/48 | €69,287 | €26,962 | -€42,325 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | €4,425 | €4,506 | +€81 | +1.8% |
| Trade debts | 44 | €866 | €3,250 | +€2,384 | +275% |
| Suppliers | 440/4 | €866 | €3,250 | +€2,384 | +275% |
| Taxes, remuneration and social security | 45 | €7,537 | €18,373 | +€10,836 | +144% |
| Taxes | 450/3 | €7,537 | €18,373 | +€10,836 | +144% |
| Other amounts payable | 47/48 | €56,459 | €833 | -€55,626 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,941 | €8,463 | +€522 | +6.6% |
| Other operating charges | 640/8 | €1,328 | €1,826 | +€498 | +37.5% |
| Gross operating margin | 9900 | €81,111 | €133,674 | +€52,564 | +64.8% |
| Operating profit (loss) | 9901 | €71,842 | €123,385 | +€51,544 | +71.7% |
| Financial income | 75/76B | €82 | €6 | -€77 | -93.2% |
| Recurring financial income | 75 | €82 | €6 | -€77 | -93.2% |
| Financial charges | 65/66B | €1,993 | €1,433 | -€560 | -28.1% |
| Recurring financial charges | 65 | €1,993 | €1,433 | -€560 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €69,931 | €121,958 | +€52,027 | +74.4% |
| Income taxes | 67/77 | €15,896 | €31,422 | +€15,526 | +97.7% |
| Profit (loss) for the period | 9904 | €54,035 | €90,536 | +€36,501 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,035 | €90,536 | +€36,501 | +67.5% |
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 22 October 2026 via checked.be.