VAN BELLE ADVISORY SERVICES: 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 BELLE ADVISORY SERVICES
Largest movements
- Cash -€90,203
down €90,203 (-42.7%), from €211,257 to €121,054
mainly Other debts (-€106,568) and Tax, wage and social debts (-€43,522)
- Receivables within one year +€13,156
up €13,156 (+4.1%), from €324,215 to €337,370
of which Other amounts receivable: +€18,836
- Other debts -€106,568
down €106,568 (-68.1%), from €156,546 to €49,978
- Profit (loss) carried forward +€69,087
up €69,087 (+20.9%), from €329,934 to €399,021
- Tax, wage and social debts -€43,522
down €43,522 (-89.3%), from €48,752 to €5,230
- Debts after one year -€11,379
down €11,379 (-4.4%), from €259,735 to €248,356
- Current portion of long-term debt +€9,617
up €9,617 (+188%), from €5,111 to €14,727
- Financial income -€317,786
down €317,786 (-97.5%), from €325,850 to €8,064
- Gross operating margin +€18,299
up €18,299 (+20.2%), from €90,559 to €108,859
- Depreciation -€12,968
down €12,968 (-63.4%), from €20,438 to €7,470
- Taxes +€8,186
up €8,186 (+63.0%), from €12,995 to €21,181
- Financial charges +€2,613
up €2,613 (+24.6%), from €10,604 to €13,218
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 | €806,699 | €727,840 | -€78,860 | -9.8% |
| Fixed assets | 21/28 | €268,936 | €269,415 | +€479 | +0.2% |
| Tangible fixed assets | 22/27 | €268,936 | €269,415 | +€479 | +0.2% |
| Land and buildings | 22 | €138,070 | €265,925 | +€127,855 | +92.6% |
| Plant, machinery and equipment | 23 | €2,135 | €2,922 | +€787 | +36.9% |
| Furniture and vehicles | 24 | - | €568 | +€568 | |
| Assets under construction and advance payments | 27 | €128,731 | €0 | -€128,731 | -100% |
| Current assets | 29/58 | €537,763 | €458,425 | -€79,339 | -14.8% |
| Amounts receivable within one year | 40/41 | €324,215 | €337,370 | +€13,156 | +4.1% |
| Trade receivables | 40 | €9,680 | €4,000 | -€5,680 | -58.7% |
| Other amounts receivable | 41 | €314,535 | €333,370 | +€18,836 | +6.0% |
| Cash at bank and in hand | 54/58 | €211,257 | €121,054 | -€90,203 | -42.7% |
| Deferred charges and accrued income | 490/1 | €2,292 | - | -€2,292 | |
| Total equity and liabilities | 10/49 | €806,699 | €727,840 | -€78,860 | -9.8% |
| Equity | 10/15 | €332,934 | €402,021 | +€69,087 | +20.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €329,934 | €399,021 | +€69,087 | +20.9% |
| Amounts payable | 17/49 | €473,765 | €325,819 | -€147,946 | -31.2% |
| Amounts payable after more than one year | 17 | €259,735 | €248,356 | -€11,379 | -4.4% |
| Financial debts | 170/4 | €259,735 | €248,356 | -€11,379 | -4.4% |
| Amounts payable within one year | 42/48 | €214,030 | €77,463 | -€136,567 | -63.8% |
| Current portion of amounts payable after more than one year | 42 | €5,111 | €14,727 | +€9,617 | +188% |
| Trade debts | 44 | €3,621 | €7,527 | +€3,906 | +108% |
| Suppliers | 440/4 | €3,621 | €7,527 | +€3,906 | +108% |
| Taxes, remuneration and social security | 45 | €48,752 | €5,230 | -€43,522 | -89.3% |
| Taxes | 450/3 | €48,752 | €5,230 | -€43,522 | -89.3% |
| Other amounts payable | 47/48 | €156,546 | €49,978 | -€106,568 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,438 | €7,470 | -€12,968 | -63.4% |
| Other operating charges | 640/8 | €3,461 | €2,966 | -€495 | -14.3% |
| Gross operating margin | 9900 | €90,559 | €108,859 | +€18,299 | +20.2% |
| Operating profit (loss) | 9901 | €66,660 | €98,422 | +€31,762 | +47.6% |
| Financial income | 75/76B | €325,850 | €8,064 | -€317,786 | -97.5% |
| Recurring financial income | 75 | €325,850 | €8,064 | -€317,786 | -97.5% |
| Financial charges | 65/66B | €10,604 | €13,218 | +€2,613 | +24.6% |
| Recurring financial charges | 65 | €10,604 | €13,218 | +€2,613 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €381,905 | €93,268 | -€288,637 | -75.6% |
| Income taxes | 67/77 | €12,995 | €21,181 | +€8,186 | +63.0% |
| Profit (loss) for the period | 9904 | €368,910 | €72,087 | -€296,823 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €368,910 | €72,087 | -€296,823 | -80.5% |
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 25 October 2026 via checked.be.