Van Bedts & Partners: 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 Bedts & Partners
Largest movements
- Receivables within one year +€20,983
up €20,983 (+8.2%), from €257,281 to €278,264
of which Trade receivables: +€20,329
- Cash +€8,954
up €8,954 (+159.3%), from €5,620 to €14,574
mainly Tax, wage and social debts (+€28,478) and Net result for the year (+€20,632)
- Tangible fixed assets -€5,885
down €5,885 (-6.5%), from €90,333 to €84,448
of which Land and buildings: -€5,137
- Tax, wage and social debts +€28,478
up €28,478 (+203.4%), from €13,998 to €42,476
of which Taxes: +€20,068
- Debts after one year -€23,058
down €23,058 (-19.0%), from €121,283 to €98,225
- Trade debts -€21,073
down €21,073 (-48.8%), from €43,203 to €22,131
- Reserves +€20,500
up €20,500 (+58.9%), from €34,790 to €55,290
of which Distributable reserves: +€20,500
- Accrued charges and deferred income +€9,650
up €9,650 (+91.2%), from €10,584 to €20,233
- Gross operating margin -€9,606
down €9,606 (-15.3%), from €62,732 to €53,126
- Financial charges -€6,280
down €6,280 (-35.3%), from €17,813 to €11,533
- Depreciation -€2,342
down €2,342 (-28.5%), from €8,227 to €5,885
- Other operating charges +€1,515
up €1,515 (+82.5%), from €1,837 to €3,351
- Taxes +€671
up €671 (+6.1%), from €11,054 to €11,726
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.
Cash bridge derived
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 | €364,908 | €388,960 | +€24,052 | +6.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €90,333 | €84,448 | -€5,885 | -6.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €90,333 | €84,448 | -€5,885 | -6.5% |
| Land and buildings | 22 | €88,441 | €83,304 | -€5,137 | -5.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,891 | €1,143 | -€748 | -39.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €274,575 | €304,513 | +€29,938 | +10.9% |
| Amounts receivable within one year | 40/41 | €257,281 | €278,264 | +€20,983 | +8.2% |
| Trade receivables | 40 | €229,199 | €249,528 | +€20,329 | +8.9% |
| Other amounts receivable | 41 | €28,082 | €28,736 | +€654 | +2.3% |
| Cash at bank and in hand | 54/58 | €5,620 | €14,574 | +€8,954 | +159.3% |
| Deferred charges and accrued income | 490/1 | €11,674 | €11,674 | = | 0.0% |
| Total equity and liabilities | 10/49 | €364,908 | €388,960 | +€24,052 | +6.6% |
| Equity | 10/15 | €104,437 | €125,069 | +€20,632 | +19.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €34,790 | €55,290 | +€20,500 | +58.9% |
| Tax-exempt reserves | 132 | €790 | €790 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €54,500 | +€20,500 | +60.3% |
| Profit (loss) carried forward | 14 | €49,196 | €49,328 | +€132 | +0.3% |
| Amounts payable | 17/49 | €260,470 | €263,891 | +€3,421 | +1.3% |
| Amounts payable after more than one year | 17 | €121,283 | €98,225 | -€23,058 | -19.0% |
| Financial debts | 170/4 | €121,283 | €98,225 | -€23,058 | -19.0% |
| Amounts payable within one year | 42/48 | €128,604 | €145,433 | +€16,829 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €30,945 | €33,038 | +€2,094 | +6.8% |
| Trade debts | 44 | €43,203 | €22,131 | -€21,073 | -48.8% |
| Suppliers | 440/4 | €43,203 | €22,131 | -€21,073 | -48.8% |
| Taxes, remuneration and social security | 45 | €13,998 | €42,476 | +€28,478 | +203.4% |
| Taxes | 450/3 | €13,998 | €34,066 | +€20,068 | +143.4% |
| Remuneration and social security | 454/9 | €0 | €8,410 | +€8,410 | |
| Other amounts payable | 47/48 | €40,458 | €47,788 | +€7,330 | +18.1% |
| Accrued charges and deferred income | 492/3 | €10,584 | €20,233 | +€9,650 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,227 | €5,885 | -€2,342 | -28.5% |
| Other operating charges | 640/8 | €1,837 | €3,351 | +€1,515 | +82.5% |
| Gross operating margin | 9900 | €62,732 | €53,126 | -€9,606 | -15.3% |
| Operating profit (loss) | 9901 | €52,669 | €43,890 | -€8,779 | -16.7% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €17,813 | €11,533 | -€6,280 | -35.3% |
| Recurring financial charges | 65 | €17,813 | €11,533 | -€6,280 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €34,856 | €32,357 | -€2,499 | -7.2% |
| Income taxes | 67/77 | €11,054 | €11,726 | +€671 | +6.1% |
| Profit (loss) for the period | 9904 | €23,802 | €20,632 | -€3,170 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,802 | €20,632 | -€3,170 | -13.3% |
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 9 October 2026 via checked.be.