VAN BAEL FILIP: 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 BAEL FILIP
Largest movements
- Receivables within one year +€16,000
up €16,000 (+118%), from €13,553 to €29,553
of which Trade receivables: +€14,058
- Tangible fixed assets -€1,494
down €1,494 (-11.4%), from €13,101 to €11,607
- Other debts +€23,740
up €23,740 (+1,349%), from €1,760 to €25,500
- Reserves -€12,116
down €12,116 (-62.6%), from €19,362 to €7,246
of which Distributable reserves: -€12,116
- Tax, wage and social debts +€6,074
up €6,074 (+109%), from €5,575 to €11,649
of which Taxes: +€4,106
- Trade debts -€3,655
down €3,655 (-75.4%), from €4,845 to €1,190
- Gross operating margin +€15,788
up €15,788 (+416%), from €3,797 to €19,585
- Taxes -€1,608
no longer reported in 2025 (was €1,608)
- Depreciation +€422
up €422 (+39.4%), from €1,071 to €1,494
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 | €35,542 | €49,586 | +€14,043 | +39.5% |
| Fixed assets | 21/28 | €13,351 | €11,857 | -€1,494 | -11.2% |
| Tangible fixed assets | 22/27 | €13,101 | €11,607 | -€1,494 | -11.4% |
| Land and buildings | 22 | €13,101 | €11,607 | -€1,494 | -11.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €22,192 | €37,729 | +€15,537 | +70.0% |
| Amounts receivable within one year | 40/41 | €13,553 | €29,553 | +€16,000 | +118% |
| Trade receivables | 40 | €11,495 | €25,553 | +€14,058 | +122% |
| Other amounts receivable | 41 | €2,058 | €4,000 | +€1,942 | +94.3% |
| Cash at bank and in hand | 54/58 | €8,638 | €8,175 | -€463 | -5.4% |
| Total equity and liabilities | 10/49 | €35,542 | €49,586 | +€14,043 | +39.5% |
| Equity | 10/15 | €23,362 | €11,246 | -€12,116 | -51.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €19,362 | €7,246 | -€12,116 | -62.6% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €18,962 | €6,846 | -€12,116 | -63.9% |
| Amounts payable | 17/49 | €12,180 | €38,339 | +€26,159 | +215% |
| Amounts payable within one year | 42/48 | €12,180 | €38,339 | +€26,159 | +215% |
| Trade debts | 44 | €4,845 | €1,190 | -€3,655 | -75.4% |
| Suppliers | 440/4 | €4,845 | €1,190 | -€3,655 | -75.4% |
| Taxes, remuneration and social security | 45 | €5,575 | €11,649 | +€6,074 | +109% |
| Taxes | 450/3 | €5,575 | €9,681 | +€4,106 | +73.7% |
| Remuneration and social security | 454/9 | - | €1,968 | +€1,968 | |
| Other amounts payable | 47/48 | €1,760 | €25,500 | +€23,740 | +1,349% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €1,494 | +€422 | +39.4% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €3,797 | €19,585 | +€15,788 | +416% |
| Operating profit (loss) | 9901 | €2,608 | €17,972 | +€15,364 | +589% |
| Financial charges | 65/66B | €94 | €88 | -€6 | -6.7% |
| Recurring financial charges | 65 | €94 | €88 | -€6 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €2,514 | €17,884 | +€15,370 | +611% |
| Income taxes | 67/77 | €1,608 | - | -€1,608 | |
| Profit (loss) for the period | 9904 | €906 | €17,884 | +€16,978 | +1,873% |
| Profit (loss) for the period to be appropriated | 9905 | €906 | €17,884 | +€16,978 | +1,873% |
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 20 October 2026 via checked.be.