VAN AUBEL GROUP: 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 AUBEL GROUP
Largest movements
- Stocks and contracts +€92,254
up €92,254 (+37.0%), from €249,280 to €341,534
- Tangible fixed assets +€77,662
up €77,662 (+553%), from €14,050 to €91,712
of which Furniture and vehicles: +€79,073
- Intangible fixed assets -€15,000
down €15,000 (-57.1%), from €26,250 to €11,250
- Cash +€10,352
up €10,352 (+7.0%), from €148,522 to €158,873
mainly Net result for the year (+€64,685) and Trade debts (+€64,082)
- Deferred charges and accrued income -€8,399
down €8,399 (-91.1%), from €9,222 to €823
- Profit (loss) carried forward +€64,685
up €64,685 (+43.9%), from €147,363 to €212,048
- Trade debts +€64,082
up €64,082 (+2,127%), from €3,013 to €67,095
- Debts after one year +€26,069
up €26,069 (+25.4%), from €102,619 to €128,689
- Tax, wage and social debts -€15,399
down €15,399 (-36.7%), from €42,000 to €26,601
of which Taxes: -€16,438
- Current portion of long-term debt +€13,366
up €13,366, from €0 to €13,366
- Gross operating margin -€36,521
down €36,521 (-20.4%), from €179,116 to €142,595
- Taxes -€18,972
down €18,972 (-57.7%), from €32,902 to €13,930
- Depreciation +€16,263
up €16,263 (+80.8%), from €20,136 to €36,399
- Staff costs +€13,004
new in 2025: €13,004
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 | €459,922 | €612,570 | +€152,648 | +33.2% |
| Fixed assets | 21/28 | €40,300 | €102,962 | +€62,662 | +155% |
| Intangible fixed assets | 21 | €26,250 | €11,250 | -€15,000 | -57.1% |
| Tangible fixed assets | 22/27 | €14,050 | €91,712 | +€77,662 | +553% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,008 | €85,080 | +€79,073 | +1,316% |
| Other tangible fixed assets | 26 | €8,042 | €6,631 | -€1,411 | -17.5% |
| Current assets | 29/58 | €419,622 | €509,608 | +€89,986 | +21.4% |
| Stocks and contracts in progress | 3 | €249,280 | €341,534 | +€92,254 | +37.0% |
| Stocks | 30/36 | €249,280 | €341,534 | +€92,254 | +37.0% |
| Amounts receivable within one year | 40/41 | €12,598 | €8,377 | -€4,221 | -33.5% |
| Trade receivables | 40 | €12,524 | €4,243 | -€8,281 | -66.1% |
| Other amounts receivable | 41 | €74 | €4,134 | +€4,060 | +5,456% |
| Cash at bank and in hand | 54/58 | €148,522 | €158,873 | +€10,352 | +7.0% |
| Deferred charges and accrued income | 490/1 | €9,222 | €823 | -€8,399 | -91.1% |
| Total equity and liabilities | 10/49 | €459,922 | €612,570 | +€152,648 | +33.2% |
| Equity | 10/15 | €296,989 | €361,673 | +€64,685 | +21.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €129,625 | €129,625 | = | 0.0% |
| Distributable reserves | 133 | €129,625 | €129,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,363 | €212,048 | +€64,685 | +43.9% |
| Amounts payable | 17/49 | €162,934 | €250,896 | +€87,963 | +54.0% |
| Amounts payable after more than one year | 17 | €102,619 | €128,689 | +€26,069 | +25.4% |
| Financial debts | 170/4 | €102,619 | €128,689 | +€26,069 | +25.4% |
| Amounts payable within one year | 42/48 | €51,832 | €107,063 | +€55,231 | +107% |
| Current portion of amounts payable after more than one year | 42 | €0 | €13,366 | +€13,366 | |
| Financial debts | 43 | €6,819 | €0 | -€6,819 | -100% |
| Credit institutions | 430/8 | €6,819 | €0 | -€6,819 | -100% |
| Trade debts | 44 | €3,013 | €67,095 | +€64,082 | +2,127% |
| Suppliers | 440/4 | €3,013 | €67,095 | +€64,082 | +2,127% |
| Taxes, remuneration and social security | 45 | €42,000 | €26,601 | -€15,399 | -36.7% |
| Taxes | 450/3 | €40,000 | €23,563 | -€16,438 | -41.1% |
| Remuneration and social security | 454/9 | €2,000 | €3,039 | +€1,039 | +51.9% |
| Accrued charges and deferred income | 492/3 | €8,482 | €15,145 | +€6,663 | +78.5% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | - | €13,004 | +€13,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,136 | €36,399 | +€16,263 | +80.8% |
| Other operating charges | 640/8 | €2,676 | €1,919 | -€757 | -28.3% |
| Gross operating margin | 9900 | €179,116 | €142,595 | -€36,521 | -20.4% |
| Operating profit (loss) | 9901 | €156,304 | €91,273 | -€65,031 | -41.6% |
| Financial income | 75/76B | €910 | €1,007 | +€97 | +10.6% |
| Recurring financial income | 75 | €910 | €1,007 | +€97 | +10.6% |
| Financial charges | 65/66B | €12,177 | €13,664 | +€1,488 | +12.2% |
| Recurring financial charges | 65 | €12,177 | €13,664 | +€1,488 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €145,037 | €78,615 | -€66,422 | -45.8% |
| Income taxes | 67/77 | €32,902 | €13,930 | -€18,972 | -57.7% |
| Profit (loss) for the period | 9904 | €112,135 | €64,685 | -€47,451 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €112,135 | €64,685 | -€47,451 | -42.3% |
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.