VAN BASTELAERE: 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 BASTELAERE
Largest movements
- Receivables within one year +€653,795
up €653,795 (+90.7%), from €721,197 to €1.4m
of which Trade receivables: +€661,163
- Tangible fixed assets -€106,462
down €106,462 (-5.4%), from €2.0m to €1.9m
of which Land and buildings: -€100,611
- Deferred charges and accrued income -€99,671
down €99,671 (-55.4%), from €179,961 to €80,290
- Receivables after one year -€91,000
down €91,000 (-44.6%), from €204,201 to €113,201
- Cash -€73,095
down €73,095 (-36.8%), from €198,460 to €125,365
mainly Receivables within one year (-€653,795) and Net result for the year (-€168,714)
- Trade debts +€628,820
up €628,820 (+64.5%), from €975,655 to €1.6m
- Reserves -€168,714
down €168,714 (-35.0%), from €481,518 to €312,805
- Current portion of long-term debt -€148,918
down €148,918 (-32.4%), from €460,198 to €311,280
- Debts after one year -€103,470
down €103,470 (-3.6%), from €2.9m to €2.8m
- Gross operating margin -€211,619
down €211,619 (-20.2%), from €1.0m to €838,001
- Staff costs +€75,292
up €75,292 (+15.3%), from €492,906 to €568,198
- Other operating charges -€38,700
down €38,700 (-63.8%), from €60,664 to €21,963
- Taxes -€17,956
down €17,956 (-97.1%), from €18,501 to €546
- Financial charges +€13,324
up €13,324 (+4.7%), from €283,926 to €297,250
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 | €6,959,369 | €7,221,243 | +€261,874 | +3.8% |
| Fixed assets | 21/28 | €1,959,689 | €1,853,011 | -€106,678 | -5.4% |
| Intangible fixed assets | 21 | €286 | €70 | -€216 | -75.4% |
| Tangible fixed assets | 22/27 | €1,959,403 | €1,852,941 | -€106,462 | -5.4% |
| Land and buildings | 22 | €1,869,471 | €1,768,860 | -€100,611 | -5.4% |
| Plant, machinery and equipment | 23 | €8,566 | €18,469 | +€9,903 | +116% |
| Furniture and vehicles | 24 | €1,123 | €198 | -€925 | -82.4% |
| Leasing and similar rights | 25 | €80,243 | €65,414 | -€14,829 | -18.5% |
| Current assets | 29/58 | €4,999,680 | €5,368,232 | +€368,552 | +7.4% |
| Amounts receivable after more than one year | 29 | €204,201 | €113,201 | -€91,000 | -44.6% |
| Other amounts receivable | 291 | €204,201 | €113,201 | -€91,000 | -44.6% |
| Stocks and contracts in progress | 3 | €3,695,860 | €3,674,384 | -€21,477 | -0.6% |
| Stocks | 30/36 | €3,695,860 | €3,674,384 | -€21,477 | -0.6% |
| Amounts receivable within one year | 40/41 | €721,197 | €1,374,992 | +€653,795 | +90.7% |
| Trade receivables | 40 | €701,590 | €1,362,753 | +€661,163 | +94.2% |
| Other amounts receivable | 41 | €19,607 | €12,239 | -€7,368 | -37.6% |
| Cash at bank and in hand | 54/58 | €198,460 | €125,365 | -€73,095 | -36.8% |
| Deferred charges and accrued income | 490/1 | €179,961 | €80,290 | -€99,671 | -55.4% |
| Total equity and liabilities | 10/49 | €6,959,369 | €7,221,243 | +€261,874 | +3.8% |
| Equity | 10/15 | €849,180 | €680,466 | -€168,714 | -19.9% |
| Contributions | 10/11 | €367,661 | €367,661 | = | 0.0% |
| Reserves | 13 | €481,518 | €312,805 | -€168,714 | -35.0% |
| Distributable reserves | 133 | €481,518 | €312,805 | -€168,714 | -35.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,110,189 | €6,540,777 | +€430,588 | +7.0% |
| Amounts payable after more than one year | 17 | €2,866,404 | €2,762,934 | -€103,470 | -3.6% |
| Financial debts | 170/4 | €2,866,404 | €2,762,934 | -€103,470 | -3.6% |
| Amounts payable within one year | 42/48 | €3,240,285 | €3,773,981 | +€533,696 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €460,198 | €311,280 | -€148,918 | -32.4% |
| Financial debts | 43 | €1,650,000 | €1,650,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,650,000 | €1,650,000 | = | 0.0% |
| Trade debts | 44 | €975,655 | €1,604,475 | +€628,820 | +64.5% |
| Suppliers | 440/4 | €975,655 | €1,604,475 | +€628,820 | +64.5% |
| Taxes, remuneration and social security | 45 | €154,432 | €208,226 | +€53,795 | +34.8% |
| Taxes | 450/3 | €138,584 | €147,265 | +€8,681 | +6.3% |
| Remuneration and social security | 454/9 | €15,848 | €60,961 | +€45,113 | +285% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,862 | +€362 | +10.3% |
| Remuneration, social security and pensions | 62 | €492,906 | €568,198 | +€75,292 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,021 | €120,999 | -€13,023 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,172 | +€1,172 | |
| Other operating charges | 640/8 | €60,664 | €21,963 | -€38,700 | -63.8% |
| Gross operating margin | 9900 | €1,049,620 | €838,001 | -€211,619 | -20.2% |
| Operating profit (loss) | 9901 | €362,029 | €125,669 | -€236,360 | -65.3% |
| Financial income | 75/76B | €8,948 | €3,412 | -€5,535 | -61.9% |
| Recurring financial income | 75 | €8,948 | €3,412 | -€5,535 | -61.9% |
| Financial charges | 65/66B | €283,926 | €297,250 | +€13,324 | +4.7% |
| Recurring financial charges | 65 | €283,926 | €297,250 | +€13,324 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €87,051 | -€168,168 | -€255,219 | |
| Income taxes | 67/77 | €18,501 | €546 | -€17,956 | -97.1% |
| Profit (loss) for the period | 9904 | €68,550 | -€168,714 | -€237,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,550 | -€168,714 | -€237,263 |
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.