Van Aken-Teblick: 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 Aken-Teblick
Largest movements
- Cash +€153,418
up €153,418 (+79.3%), from €193,370 to €346,788
mainly Net result for the year (+€266,371) and Depreciation (+€16,412)
- Tangible fixed assets -€16,412
down €16,412 (-8.1%), from €201,628 to €185,216
of which Other tangible fixed assets: -€14,634
- Receivables within one year -€11,534
down €11,534 (-65.8%), from €17,540 to €6,006
of which Trade receivables: -€11,534
- Reserves +€266,371
new in 2025: €266,371
- Other debts -€110,228
down €110,228 (-22.1%), from €498,323 to €388,095
- Debts after one year -€25,435
down €25,435 (-24.6%), from €103,581 to €78,146
- Current portion of long-term debt -€8,342
down €8,342 (-24.7%), from €33,777 to €25,435
- Gross operating margin +€17,371
up €17,371 (+4.5%), from €383,404 to €400,775
- Depreciation -€5,956
down €5,956 (-26.6%), from €22,368 to €16,412
- Taxes +€5,618
up €5,618 (+7.3%), from €77,471 to €83,088
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 | €689,071 | €815,702 | +€126,632 | +18.4% |
| Fixed assets | 21/28 | €201,628 | €185,216 | -€16,412 | -8.1% |
| Tangible fixed assets | 22/27 | €201,628 | €185,216 | -€16,412 | -8.1% |
| Land and buildings | 22 | €3,374 | €2,249 | -€1,125 | -33.3% |
| Plant, machinery and equipment | 23 | €207 | €0 | -€207 | -100% |
| Furniture and vehicles | 24 | €446 | €0 | -€446 | -100% |
| Other tangible fixed assets | 26 | €197,601 | €182,967 | -€14,634 | -7.4% |
| Current assets | 29/58 | €487,443 | €630,486 | +€143,044 | +29.3% |
| Stocks and contracts in progress | 3 | €174,599 | €172,732 | -€1,868 | -1.1% |
| Stocks | 30/36 | €174,599 | €172,732 | -€1,868 | -1.1% |
| Amounts receivable within one year | 40/41 | €17,540 | €6,006 | -€11,534 | -65.8% |
| Trade receivables | 40 | €17,540 | €6,006 | -€11,534 | -65.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €100,000 | €102,007 | +€2,007 | +2.0% |
| Cash at bank and in hand | 54/58 | €193,370 | €346,788 | +€153,418 | +79.3% |
| Deferred charges and accrued income | 490/1 | €1,934 | €2,954 | +€1,020 | +52.7% |
| Total equity and liabilities | 10/49 | €689,071 | €815,702 | +€126,632 | +18.4% |
| Equity | 10/15 | €18,600 | €284,971 | +€266,371 | +1,432% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €266,371 | +€266,371 | |
| Distributable reserves | 133 | - | €266,371 | +€266,371 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €670,471 | €530,731 | -€139,740 | -20.8% |
| Amounts payable after more than one year | 17 | €103,581 | €78,146 | -€25,435 | -24.6% |
| Financial debts | 170/4 | €103,581 | €78,146 | -€25,435 | -24.6% |
| Amounts payable within one year | 42/48 | €564,808 | €450,479 | -€114,329 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €33,777 | €25,435 | -€8,342 | -24.7% |
| Trade debts | 44 | €6,233 | €6,731 | +€498 | +8.0% |
| Suppliers | 440/4 | €6,233 | €6,731 | +€498 | +8.0% |
| Taxes, remuneration and social security | 45 | €26,475 | €30,218 | +€3,743 | +14.1% |
| Taxes | 450/3 | €21,353 | €25,595 | +€4,242 | +19.9% |
| Remuneration and social security | 454/9 | €5,122 | €4,623 | -€499 | -9.7% |
| Other amounts payable | 47/48 | €498,323 | €388,095 | -€110,228 | -22.1% |
| Accrued charges and deferred income | 492/3 | €2,081 | €2,106 | +€25 | +1.2% |
| Remuneration, social security and pensions | 62 | €30,580 | €28,047 | -€2,533 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,368 | €16,412 | -€5,956 | -26.6% |
| Other operating charges | 640/8 | €6,804 | €6,796 | -€9 | -0.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €383,404 | €400,775 | +€17,371 | +4.5% |
| Operating profit (loss) | 9901 | €323,652 | €349,521 | +€25,868 | +8.0% |
| Financial income | 75/76B | €1,663 | €3,285 | +€1,622 | +97.5% |
| Recurring financial income | 75 | €1,663 | €3,285 | +€1,622 | +97.5% |
| Financial charges | 65/66B | -€135 | €3,346 | +€3,481 | |
| Recurring financial charges | 65 | -€135 | €3,346 | +€3,481 | |
| Profit (loss) for the period before taxes | 9903 | €325,450 | €349,460 | +€24,009 | +7.4% |
| Income taxes | 67/77 | €77,471 | €83,088 | +€5,618 | +7.3% |
| Profit (loss) for the period | 9904 | €247,980 | €266,371 | +€18,392 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €247,980 | €266,371 | +€18,392 | +7.4% |
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 23 October 2026 via checked.be.