VAN BAVEL MAARTEN: 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 BAVEL MAARTEN
Largest movements
- Receivables within one year +€39,891
up €39,891 (+67.5%), from €59,130 to €99,021
of which Trade receivables: +€33,555
- Tangible fixed assets -€8,383
down €8,383 (-26.2%), from €32,000 to €23,618
of which Furniture and vehicles: -€4,870
- Stocks and contracts -€7,017
down €7,017 (-5.2%), from €135,441 to €128,424
of which Contracts in progress: -€7,017
- Cash -€6,508
down €6,508 (-95.5%), from €6,812 to €304
mainly Trade debts (-€62,647) and Net result for the year (-€41,629)
- Other debts +€133,431
new in 2025: €133,431
- Trade debts -€62,647
down €62,647 (-41.2%), from €152,042 to €89,396
- Profit (loss) carried forward -€41,629
new in 2025: -€41,629
- Debts after one year -€8,447
down €8,447 (-100%), from €8,447 to €0
- Current portion of long-term debt -€3,147
down €3,147 (-27.1%), from €11,594 to €8,447
- Gross operating margin -€84,744
down €84,744, from €58,610 to -€26,134
- Staff costs -€22,356
down €22,356, from €20,559 to -€1,796
- Depreciation -€12,043
down €12,043 (-46.0%), from €26,157 to €14,114
- Taxes -€2,591
down €2,591 (-100%), from €2,591 to €0
- Other operating charges +€1,192
up €1,192 (+88.6%), from €1,345 to €2,536
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 | €233,383 | €251,367 | +€17,983 | +7.7% |
| Fixed assets | 21/28 | €32,000 | €23,618 | -€8,383 | -26.2% |
| Tangible fixed assets | 22/27 | €32,000 | €23,618 | -€8,383 | -26.2% |
| Plant, machinery and equipment | 23 | €19,031 | €15,518 | -€3,513 | -18.5% |
| Furniture and vehicles | 24 | €12,970 | €8,099 | -€4,870 | -37.6% |
| Current assets | 29/58 | €201,383 | €227,749 | +€26,366 | +13.1% |
| Stocks and contracts in progress | 3 | €135,441 | €128,424 | -€7,017 | -5.2% |
| Stocks | 30/36 | €32,500 | €32,500 | = | 0.0% |
| Contracts in progress | 37 | €102,941 | €95,924 | -€7,017 | -6.8% |
| Amounts receivable within one year | 40/41 | €59,130 | €99,021 | +€39,891 | +67.5% |
| Trade receivables | 40 | €55,611 | €89,166 | +€33,555 | +60.3% |
| Other amounts receivable | 41 | €3,519 | €9,855 | +€6,336 | +180% |
| Cash at bank and in hand | 54/58 | €6,812 | €304 | -€6,508 | -95.5% |
| Total equity and liabilities | 10/49 | €233,383 | €251,367 | +€17,983 | +7.7% |
| Equity | 10/15 | €58,912 | €17,283 | -€41,629 | -70.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,312 | €40,312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,452 | €38,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€41,629 | -€41,629 | |
| Amounts payable | 17/49 | €174,471 | €234,084 | +€59,613 | +34.2% |
| Amounts payable after more than one year | 17 | €8,447 | €0 | -€8,447 | -100% |
| Financial debts | 170/4 | €8,447 | €0 | -€8,447 | -100% |
| Amounts payable within one year | 42/48 | €166,024 | €234,084 | +€68,060 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €11,594 | €8,447 | -€3,147 | -27.1% |
| Trade debts | 44 | €152,042 | €89,396 | -€62,647 | -41.2% |
| Suppliers | 440/4 | €152,042 | €89,396 | -€62,647 | -41.2% |
| Taxes, remuneration and social security | 45 | €2,388 | €2,810 | +€423 | +17.7% |
| Taxes | 450/3 | €591 | €2,810 | +€2,219 | +375% |
| Remuneration and social security | 454/9 | €1,796 | €0 | -€1,796 | -100% |
| Other amounts payable | 47/48 | - | €133,431 | +€133,431 | |
| Non-recurring operating income | 76A | €165 | €0 | -€165 | -100% |
| Remuneration, social security and pensions | 62 | €20,559 | -€1,796 | -€22,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,157 | €14,114 | -€12,043 | -46.0% |
| Other operating charges | 640/8 | €1,345 | €2,536 | +€1,192 | +88.6% |
| Gross operating margin | 9900 | €58,610 | -€26,134 | -€84,744 | |
| Operating profit (loss) | 9901 | €10,549 | -€40,988 | -€51,537 | |
| Financial income | 75/76B | €27 | €12 | -€15 | -57.3% |
| Recurring financial income | 75 | €27 | €12 | -€15 | -57.3% |
| Financial charges | 65/66B | €592 | €653 | +€61 | +10.2% |
| Recurring financial charges | 65 | €592 | €653 | +€61 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €9,984 | -€41,629 | -€51,613 | |
| Income taxes | 67/77 | €2,591 | €0 | -€2,591 | -100% |
| Profit (loss) for the period | 9904 | €7,393 | -€41,629 | -€49,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,393 | -€41,629 | -€49,022 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.