VAN BELLE QUENTIN: what changed
What changed
VAN BELLE QUENTIN
filed annual accounts (NBB)
Net result for the year
-€519
2024 · -€10,397+€9,878
Equity
€18,809
2024 · €19,328-€519
Cash
€5,782
2024 · €5,993-€211
Balance sheet total
€287,781
2024 · €233,250+€54,530
Largest movements
Assets
- Tangible fixed assets +€48,509
up €48,509 (+24.2%), from €200,384 to €248,893
of which Land and buildings: +€51,720
- Receivables within one year +€5,571
up €5,571 (+21.2%), from €26,250 to €31,821
of which Trade receivables: +€4,900
Equity and liabilities
- Other debts +€60,183
up €60,183 (+98.1%), from €61,327 to €121,510
- Debts after one year -€8,181
down €8,181 (-5.7%), from €142,626 to €134,445
- Tax, wage and social debts +€3,664
new in 2025: €3,664
of which Taxes: +€1,864
Income statement
- Gross operating margin +€12,293
up €12,293 (+194%), from €6,338 to €18,631
- Depreciation +€1,689
up €1,689 (+18.9%), from €8,929 to €10,618
- Financial charges +€864
up €864 (+12.4%), from €6,946 to €7,810
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,397
Gross operating margin
+€12,293
Depreciation
-€1,689
Other operating charges
+€142
Financial income
+€1
Financial charges
-€864
Taxes
-€4
Result 2025
-€519
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,225
Investment
-€59,127
Financing
-€8,309
Cash 2024
€5,993
From operations (derived)
+€67,225
Net result for the year
-€519
Depreciation
+€10,618
Receivables within one year
-€5,571
Deferred charges and accrued income
-€661
Trade debts
-€490
Tax, wage and social debts
+€3,664
Other debts
+€60,183
Investment (derived)
-€59,127
Investment in fixed assets (net)
-€59,127
Financing
-€8,309
Debts after one year
-€8,181
Current portion of long-term debt
-€128
Cash 2025
€5,782
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,250 | €287,781 | +€54,530 | +23.4% |
| Fixed assets | 21/28 | €200,384 | €248,893 | +€48,509 | +24.2% |
| Tangible fixed assets | 22/27 | €200,384 | €248,893 | +€48,509 | +24.2% |
| Land and buildings | 22 | €184,679 | €236,398 | +€51,720 | +28.0% |
| Plant, machinery and equipment | 23 | €11,023 | €10,478 | -€544 | -4.9% |
| Furniture and vehicles | 24 | €4,683 | €2,016 | -€2,667 | -56.9% |
| Current assets | 29/58 | €32,866 | €38,887 | +€6,021 | +18.3% |
| Amounts receivable within one year | 40/41 | €26,250 | €31,821 | +€5,571 | +21.2% |
| Trade receivables | 40 | €22,681 | €27,581 | +€4,900 | +21.6% |
| Other amounts receivable | 41 | €3,569 | €4,240 | +€671 | +18.8% |
| Cash at bank and in hand | 54/58 | €5,993 | €5,782 | -€211 | -3.5% |
| Deferred charges and accrued income | 490/1 | €623 | €1,284 | +€661 | +106% |
| Total equity and liabilities | 10/49 | €233,250 | €287,781 | +€54,530 | +23.4% |
| Equity | 10/15 | €19,328 | €18,809 | -€519 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,328 | €11,809 | -€519 | -4.2% |
| Amounts payable | 17/49 | €213,923 | €268,972 | +€55,049 | +25.7% |
| Amounts payable after more than one year | 17 | €142,626 | €134,445 | -€8,181 | -5.7% |
| Financial debts | 170/4 | €142,626 | €134,445 | -€8,181 | -5.7% |
| Amounts payable within one year | 42/48 | €71,297 | €134,527 | +€63,230 | +88.7% |
| Current portion of amounts payable after more than one year | 42 | €8,941 | €8,813 | -€128 | -1.4% |
| Trade debts | 44 | €1,029 | €540 | -€490 | -47.6% |
| Suppliers | 440/4 | €1,029 | €540 | -€490 | -47.6% |
| Taxes, remuneration and social security | 45 | - | €3,664 | +€3,664 | |
| Taxes | 450/3 | - | €1,864 | +€1,864 | |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €61,327 | €121,510 | +€60,183 | +98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,929 | €10,618 | +€1,689 | +18.9% |
| Other operating charges | 640/8 | €740 | €598 | -€142 | -19.1% |
| Gross operating margin | 9900 | €6,338 | €18,631 | +€12,293 | +194% |
| Operating profit (loss) | 9901 | -€3,331 | €7,415 | +€10,746 | |
| Financial income | 75/76B | €8 | €8 | +€1 | +10.5% |
| Recurring financial income | 75 | €8 | €8 | +€1 | +10.5% |
| Financial charges | 65/66B | €6,946 | €7,810 | +€864 | +12.4% |
| Recurring financial charges | 65 | €6,946 | €7,810 | +€864 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,269 | -€387 | +€9,882 | +96.2% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€10,397 | -€519 | +€9,878 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,397 | -€519 | +€9,878 | +95.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.