VAN ATTENHOVEN - PUTSEYS: 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 ATTENHOVEN - PUTSEYS
Largest movements
- Cash +€157,668
up €157,668 (+34.5%), from €457,549 to €615,217
mainly Net result for the year (+€146,248) and Depreciation (+€88,320)
- Tangible fixed assets -€84,646
down €84,646 (-3.1%), from €2.7m to €2.6m
of which Land and buildings: -€80,495
- Current investments -€57,316
down €57,316 (-3.5%), from €1.6m to €1.6m
- Debts after one year -€150,000
down €150,000 (-4.7%), from €3.2m to €3.1m
- Reserves +€122,361
up €122,361 (+11.3%), from €1.1m to €1.2m
of which Distributable reserves: +€146,248
- Financial charges -€27,517
down €27,517 (-17.8%), from €154,284 to €126,767
- Taxes +€26,429
up €26,429 (+60.1%), from €43,951 to €70,380
- Gross operating margin +€25,717
up €25,717 (+5.8%), from €442,908 to €468,626
- Financial income +€16,138
up €16,138 (+105%), from €15,370 to €31,508
- Staff costs -€9,282
down €9,282 (-20.4%), from €45,563 to €36,281
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 | €4,786,526 | €4,801,790 | +€15,264 | +0.3% |
| Fixed assets | 21/28 | €2,695,585 | €2,610,938 | -€84,646 | -3.1% |
| Tangible fixed assets | 22/27 | €2,695,585 | €2,610,938 | -€84,646 | -3.1% |
| Land and buildings | 22 | €2,669,394 | €2,588,900 | -€80,495 | -3.0% |
| Plant, machinery and equipment | 23 | €8,218 | €8,579 | +€361 | +4.4% |
| Furniture and vehicles | 24 | €17,972 | €13,459 | -€4,513 | -25.1% |
| Current assets | 29/58 | €2,090,941 | €2,190,852 | +€99,910 | +4.8% |
| Current investments | 50/53 | €1,621,730 | €1,564,414 | -€57,316 | -3.5% |
| Cash at bank and in hand | 54/58 | €457,549 | €615,217 | +€157,668 | +34.5% |
| Deferred charges and accrued income | 490/1 | €11,662 | €11,221 | -€441 | -3.8% |
| Total equity and liabilities | 10/49 | €4,786,526 | €4,801,790 | +€15,264 | +0.3% |
| Equity | 10/15 | €1,246,561 | €1,368,921 | +€122,361 | +9.8% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €1,084,561 | €1,206,921 | +€122,361 | +11.3% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €333,347 | €309,460 | -€23,887 | -7.2% |
| Distributable reserves | 133 | €735,014 | €881,261 | +€146,248 | +19.9% |
| Amounts payable | 17/49 | €3,539,965 | €3,432,869 | -€107,097 | -3.0% |
| Amounts payable after more than one year | 17 | €3,225,000 | €3,075,000 | -€150,000 | -4.7% |
| Financial debts | 170/4 | €3,225,000 | €3,075,000 | -€150,000 | -4.7% |
| Amounts payable within one year | 42/48 | €299,297 | €350,012 | +€50,715 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €132 | €6,195 | +€6,063 | +4,592% |
| Suppliers | 440/4 | €132 | €6,195 | +€6,063 | +4,592% |
| Taxes, remuneration and social security | 45 | €1,992 | €29,114 | +€27,122 | +1,362% |
| Taxes | 450/3 | €1,992 | €28,044 | +€26,052 | +1,308% |
| Remuneration and social security | 454/9 | - | €1,070 | +€1,070 | |
| Other amounts payable | 47/48 | €147,173 | €164,703 | +€17,530 | +11.9% |
| Accrued charges and deferred income | 492/3 | €15,669 | €7,857 | -€7,812 | -49.9% |
| Non-recurring operating income | 76A | €25,206 | €26,606 | +€1,400 | +5.6% |
| Remuneration, social security and pensions | 62 | €45,563 | €36,281 | -€9,282 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,072 | €88,320 | -€7,752 | -8.1% |
| Other operating charges | 640/8 | €31,382 | €32,139 | +€757 | +2.4% |
| Gross operating margin | 9900 | €442,908 | €468,626 | +€25,717 | +5.8% |
| Operating profit (loss) | 9901 | €269,892 | €311,886 | +€41,995 | +15.6% |
| Financial income | 75/76B | €15,370 | €31,508 | +€16,138 | +105% |
| Recurring financial income | 75 | €15,370 | €31,508 | +€16,138 | +105% |
| Financial charges | 65/66B | €154,284 | €126,767 | -€27,517 | -17.8% |
| Recurring financial charges | 65 | €154,284 | €126,767 | -€27,517 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €130,978 | €216,628 | +€85,650 | +65.4% |
| Income taxes | 67/77 | €43,951 | €70,380 | +€26,429 | +60.1% |
| Profit (loss) for the period | 9904 | €87,027 | €146,248 | +€59,221 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,027 | €146,248 | +€59,221 | +68.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.