van Aggelen: 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 Aggelen
Largest movements
- Stocks and contracts +€48,151
up €48,151 (+107%), from €45,003 to €93,154
- Receivables within one year +€17,921
up €17,921 (+50.5%), from €35,514 to €53,435
of which Trade receivables: +€17,936
- Tangible fixed assets -€10,254
down €10,254 (-23.0%), from €44,634 to €34,380
of which Furniture and vehicles: -€10,904
- Cash -€8,995
down €8,995 (-19.4%), from €46,396 to €37,401
mainly Stocks and contracts (-€48,151) and Receivables within one year (-€17,921)
- Reserves +€35,807
up €35,807 (+218%), from €16,403 to €52,210
- Tax, wage and social debts +€18,939
up €18,939 (+158%), from €12,006 to €30,945
of which Taxes: +€15,579
- Debts after one year -€8,557
down €8,557 (-40.4%), from €21,206 to €12,649
- Taxes +€12,233
new in 2025: €12,233
- Gross operating margin -€5,419
down €5,419 (-7.9%), from €68,642 to €63,223
- Depreciation +€934
up €934 (+7.3%), from €12,830 to €13,764
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 | €176,249 | €223,281 | +€47,033 | +26.7% |
| Fixed assets | 21/28 | €47,281 | €37,028 | -€10,254 | -21.7% |
| Tangible fixed assets | 22/27 | €44,634 | €34,380 | -€10,254 | -23.0% |
| Plant, machinery and equipment | 23 | €17,611 | €15,367 | -€2,244 | -12.7% |
| Furniture and vehicles | 24 | €25,405 | €14,501 | -€10,904 | -42.9% |
| Leasing and similar rights | 25 | - | €3,222 | +€3,222 | |
| Other tangible fixed assets | 26 | €1,618 | €1,292 | -€327 | -20.2% |
| Financial fixed assets | 28 | €2,648 | €2,648 | = | 0.0% |
| Current assets | 29/58 | €128,967 | €186,254 | +€57,286 | +44.4% |
| Stocks and contracts in progress | 3 | €45,003 | €93,154 | +€48,151 | +107% |
| Stocks | 30/36 | €45,003 | €93,154 | +€48,151 | +107% |
| Amounts receivable within one year | 40/41 | €35,514 | €53,435 | +€17,921 | +50.5% |
| Trade receivables | 40 | €35,500 | €53,435 | +€17,936 | +50.5% |
| Other amounts receivable | 41 | €15 | - | -€15 | |
| Cash at bank and in hand | 54/58 | €46,396 | €37,401 | -€8,995 | -19.4% |
| Deferred charges and accrued income | 490/1 | €2,054 | €2,263 | +€209 | +10.2% |
| Total equity and liabilities | 10/49 | €176,249 | €223,281 | +€47,033 | +26.7% |
| Equity | 10/15 | €17,403 | €53,210 | +€35,807 | +206% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,403 | €52,210 | +€35,807 | +218% |
| Distributable reserves | 133 | €16,403 | €52,210 | +€35,807 | +218% |
| Amounts payable | 17/49 | €158,846 | €170,072 | +€11,226 | +7.1% |
| Amounts payable after more than one year | 17 | €21,206 | €12,649 | -€8,557 | -40.4% |
| Financial debts | 170/4 | €21,206 | €12,649 | -€8,557 | -40.4% |
| Amounts payable within one year | 42/48 | €137,640 | €157,422 | +€19,783 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €8,261 | €8,557 | +€296 | +3.6% |
| Trade debts | 44 | €9,598 | €11,296 | +€1,698 | +17.7% |
| Suppliers | 440/4 | €9,598 | €11,296 | +€1,698 | +17.7% |
| Taxes, remuneration and social security | 45 | €12,006 | €30,945 | +€18,939 | +158% |
| Taxes | 450/3 | €11,010 | €26,589 | +€15,579 | +141% |
| Remuneration and social security | 454/9 | €996 | €4,356 | +€3,360 | +337% |
| Other amounts payable | 47/48 | €107,775 | €106,625 | -€1,149 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,830 | €13,764 | +€934 | +7.3% |
| Other operating charges | 640/8 | €431 | €674 | +€243 | +56.4% |
| Gross operating margin | 9900 | €68,642 | €63,223 | -€5,419 | -7.9% |
| Operating profit (loss) | 9901 | €55,382 | €48,786 | -€6,596 | -11.9% |
| Financial income | 75/76B | €941 | €424 | -€517 | -54.9% |
| Recurring financial income | 75 | €941 | €424 | -€517 | -54.9% |
| Financial charges | 65/66B | €1,472 | €1,169 | -€303 | -20.6% |
| Recurring financial charges | 65 | €1,472 | €1,169 | -€303 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €54,850 | €48,040 | -€6,810 | -12.4% |
| Income taxes | 67/77 | - | €12,233 | +€12,233 | |
| Profit (loss) for the period | 9904 | €54,850 | €35,807 | -€19,043 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,850 | €35,807 | -€19,043 | -34.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.