VAN BAELEN: 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 BAELEN
Largest movements
- Receivables within one year -€20,212
down €20,212 (-48.5%), from €41,674 to €21,462
of which Other amounts receivable: -€15,634
- Stocks and contracts +€13,897
up €13,897 (+7.6%), from €183,448 to €197,346
- Tangible fixed assets -€13,170
down €13,170 (-32.7%), from €40,317 to €27,147
of which Other tangible fixed assets: -€7,664
- Cash +€5,280
up €5,280 (+50.9%), from €10,381 to €15,661
mainly Net result for the year (+€25,088) and Receivables within one year (+€20,212)
- Deferred charges and accrued income -€4,837
down €4,837 (-100%), from €4,837 to €0
- Profit (loss) carried forward +€19,505
up €19,505, from -€19,505 to €0
- Current portion of long-term debt -€10,990
down €10,990 (-54.6%), from €20,146 to €9,156
- Debts after one year -€9,156
down €9,156 (-47.8%), from €19,156 to €10,000
- Other debts -€8,232
down €8,232 (-6.2%), from €132,740 to €124,508
- Tax, wage and social debts -€7,852
down €7,852 (-61.3%), from €12,808 to €4,956
of which Taxes: -€8,722
- Gross operating margin +€41,018
up €41,018 (+117%), from €34,929 to €75,947
- Write-downs -€20,491
down €20,491 (-100%), from €20,491 to €0
- Staff costs +€14,170
new in 2023: €14,170
- Financial charges +€8,831
up €8,831 (+144%), from €6,149 to €14,979
- Taxes +€5,408
up €5,408 (+2,584%), from €209 to €5,617
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,657 | €261,616 | -€19,042 | -6.8% |
| Fixed assets | 21/28 | €40,317 | €27,147 | -€13,170 | -32.7% |
| Tangible fixed assets | 22/27 | €40,317 | €27,147 | -€13,170 | -32.7% |
| Furniture and vehicles | 24 | €1,474 | €807 | -€667 | -45.3% |
| Leasing and similar rights | 25 | €16,928 | €12,089 | -€4,838 | -28.6% |
| Other tangible fixed assets | 26 | €21,916 | €14,252 | -€7,664 | -35.0% |
| Current assets | 29/58 | €240,340 | €234,468 | -€5,872 | -2.4% |
| Stocks and contracts in progress | 3 | €183,448 | €197,346 | +€13,897 | +7.6% |
| Stocks | 30/36 | €183,448 | €197,346 | +€13,897 | +7.6% |
| Amounts receivable within one year | 40/41 | €41,674 | €21,462 | -€20,212 | -48.5% |
| Trade receivables | 40 | €19,859 | €15,282 | -€4,577 | -23.0% |
| Other amounts receivable | 41 | €21,815 | €6,180 | -€15,634 | -71.7% |
| Cash at bank and in hand | 54/58 | €10,381 | €15,661 | +€5,280 | +50.9% |
| Deferred charges and accrued income | 490/1 | €4,837 | €0 | -€4,837 | -100% |
| Total equity and liabilities | 10/49 | €280,657 | €261,616 | -€19,042 | -6.8% |
| Equity | 10/15 | €69,588 | €94,676 | +€25,088 | +36.1% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €69,261 | €74,844 | +€5,583 | +8.1% |
| Distributable reserves | 133 | €69,261 | €74,844 | +€5,583 | +8.1% |
| Profit (loss) carried forward | 14 | -€19,505 | €0 | +€19,505 | |
| Amounts payable | 17/49 | €211,070 | €166,940 | -€44,130 | -20.9% |
| Amounts payable after more than one year | 17 | €19,156 | €10,000 | -€9,156 | -47.8% |
| Financial debts | 170/4 | €19,156 | €10,000 | -€9,156 | -47.8% |
| Amounts payable within one year | 42/48 | €187,658 | €152,785 | -€34,873 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €20,146 | €9,156 | -€10,990 | -54.6% |
| Financial debts | 43 | €6,945 | €0 | -€6,945 | -100% |
| Credit institutions | 430/8 | €6,945 | €0 | -€6,945 | -100% |
| Trade debts | 44 | €15,019 | €14,165 | -€854 | -5.7% |
| Suppliers | 440/4 | €15,019 | €14,165 | -€854 | -5.7% |
| Taxes, remuneration and social security | 45 | €12,808 | €4,956 | -€7,852 | -61.3% |
| Taxes | 450/3 | €12,808 | €4,086 | -€8,722 | -68.1% |
| Remuneration and social security | 454/9 | - | €870 | +€870 | |
| Other amounts payable | 47/48 | €132,740 | €124,508 | -€8,232 | -6.2% |
| Accrued charges and deferred income | 492/3 | €4,255 | €4,155 | -€101 | -2.4% |
| Remuneration, social security and pensions | 62 | - | €14,170 | +€14,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,529 | €13,170 | -€5,359 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,491 | €0 | -€20,491 | -100% |
| Other operating charges | 640/8 | €2,316 | €4,240 | +€1,924 | +83.1% |
| Non-recurring operating charges | 66A | €813 | - | -€813 | |
| Gross operating margin | 9900 | €34,929 | €75,947 | +€41,018 | +117% |
| Operating profit (loss) | 9901 | -€7,220 | €44,368 | +€51,588 | |
| Financial income | 75/76B | €473 | €1,317 | +€844 | +178% |
| Recurring financial income | 75 | €473 | €1,317 | +€844 | +178% |
| Financial charges | 65/66B | €6,149 | €14,979 | +€8,831 | +144% |
| Recurring financial charges | 65 | €6,149 | €14,979 | +€8,831 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€12,896 | €30,705 | +€43,601 | |
| Income taxes | 67/77 | €209 | €5,617 | +€5,408 | +2,584% |
| Profit (loss) for the period | 9904 | -€13,105 | €25,088 | +€38,193 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,105 | €25,088 | +€38,193 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.