VAN AKEN: 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 AKEN
Largest movements
- Receivables within one year +€45,169
up €45,169 (+55.3%), from €81,649 to €126,818
of which Trade receivables: +€30,044
- Stocks and contracts +€9,267
up €9,267 (+6.2%), from €150,186 to €159,453
- Cash -€7,694
down €7,694 (-29.8%), from €25,823 to €18,129
mainly Investment in fixed assets (net) (-€53,074) and Receivables within one year (-€45,169)
- Tangible fixed assets +€6,359
up €6,359 (+2.3%), from €273,442 to €279,801
of which Furniture and vehicles: +€3,528
- Trade debts +€51,089
up €51,089 (+131.2%), from €38,946 to €90,035
- Other debts -€41,277
down €41,277 (-46.5%), from €88,752 to €47,475
- Short-term financial debts +€22,613
new in 2025: €22,613
- Reserves +€14,656
up €14,656 (+6.9%), from €212,982 to €227,639
of which Distributable reserves: +€14,656
- Tax, wage and social debts +€8,582
up €8,582 (+75.7%), from €11,333 to €19,915
of which Taxes: +€7,881
- Gross operating margin -€14,988
down €14,988 (-11.7%), from €127,906 to €112,918
- Taxes -€7,951
down €7,951 (-53.0%), from €14,999 to €7,048
- Depreciation +€4,409
up €4,409 (+10.4%), from €42,306 to €46,715
- Staff costs +€3,610
up €3,610 (+18.9%), from €19,090 to €22,700
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 | €537,832 | €588,718 | +€50,886 | +9.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €274,452 | €280,811 | +€6,359 | +2.3% |
| Tangible fixed assets | 22/27 | €273,442 | €279,801 | +€6,359 | +2.3% |
| Land and buildings | 22 | €134,069 | €135,265 | +€1,196 | +0.9% |
| Plant, machinery and equipment | 23 | €108,685 | €110,322 | +€1,636 | +1.5% |
| Furniture and vehicles | 24 | €30,687 | €34,215 | +€3,528 | +11.5% |
| Financial fixed assets | 28 | €1,010 | €1,010 | = | 0.0% |
| Current assets | 29/58 | €263,380 | €307,907 | +€44,527 | +16.9% |
| Stocks and contracts in progress | 3 | €150,186 | €159,453 | +€9,267 | +6.2% |
| Stocks | 30/36 | €150,186 | €159,453 | +€9,267 | +6.2% |
| Amounts receivable within one year | 40/41 | €81,649 | €126,818 | +€45,169 | +55.3% |
| Trade receivables | 40 | €81,114 | €111,158 | +€30,044 | +37.0% |
| Other amounts receivable | 41 | €536 | €15,660 | +€15,124 | +2823.6% |
| Cash at bank and in hand | 54/58 | €25,823 | €18,129 | -€7,694 | -29.8% |
| Deferred charges and accrued income | 490/1 | €5,722 | €3,507 | -€2,216 | -38.7% |
| Total equity and liabilities | 10/49 | €537,832 | €588,718 | +€50,886 | +9.5% |
| Equity | 10/15 | €242,982 | €257,639 | +€14,656 | +6.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €212,982 | €227,639 | +€14,656 | +6.9% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €209,982 | €224,639 | +€14,656 | +7.0% |
| Amounts payable | 17/49 | €294,850 | €331,079 | +€36,230 | +12.3% |
| Amounts payable after more than one year | 17 | €129,720 | €122,430 | -€7,290 | -5.6% |
| Financial debts | 170/4 | €129,720 | €122,430 | -€7,290 | -5.6% |
| Amounts payable within one year | 42/48 | €159,851 | €204,091 | +€44,240 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €20,820 | €24,053 | +€3,234 | +15.5% |
| Financial debts | 43 | - | €22,613 | +€22,613 | |
| Credit institutions | 430/8 | - | €22,613 | +€22,613 | |
| Trade debts | 44 | €38,946 | €90,035 | +€51,089 | +131.2% |
| Suppliers | 440/4 | €38,946 | €90,035 | +€51,089 | +131.2% |
| Taxes, remuneration and social security | 45 | €11,333 | €19,915 | +€8,582 | +75.7% |
| Taxes | 450/3 | €8,246 | €16,126 | +€7,881 | +95.6% |
| Remuneration and social security | 454/9 | €3,087 | €3,788 | +€701 | +22.7% |
| Other amounts payable | 47/48 | €88,752 | €47,475 | -€41,277 | -46.5% |
| Accrued charges and deferred income | 492/3 | €5,278 | €4,558 | -€721 | -13.7% |
| Non-recurring operating income | 76A | €15,246 | - | -€15,246 | |
| Remuneration, social security and pensions | 62 | €19,090 | €22,700 | +€3,610 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,306 | €46,715 | +€4,409 | +10.4% |
| Other operating charges | 640/8 | €4,876 | €5,833 | +€958 | +19.6% |
| Non-recurring operating charges | 66A | €450 | - | -€450 | |
| Gross operating margin | 9900 | €127,906 | €112,918 | -€14,988 | -11.7% |
| Operating profit (loss) | 9901 | €61,185 | €37,670 | -€23,515 | -38.4% |
| Financial income | 75/76B | €1,243 | €166 | -€1,077 | -86.6% |
| Recurring financial income | 75 | €1,243 | €166 | -€1,077 | -86.6% |
| Financial charges | 65/66B | €16,772 | €16,132 | -€640 | -3.8% |
| Recurring financial charges | 65 | €16,772 | €16,132 | -€640 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €45,656 | €21,704 | -€23,952 | -52.5% |
| Income taxes | 67/77 | €14,999 | €7,048 | -€7,951 | -53.0% |
| Profit (loss) for the period | 9904 | €30,657 | €14,656 | -€16,001 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,657 | €14,656 | -€16,001 | -52.2% |
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 6 October 2026 via checked.be.