VAN BELLE SERVICE: 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 SERVICE
Largest movements
- Receivables within one year +€26,889
up €26,889 (+6.9%), from €389,467 to €416,356
of which Trade receivables: +€20,483
- Current investments -€21,791
down €21,791 (-8.9%), from €245,251 to €223,460
- Cash -€14,902
down €14,902 (-11.3%), from €132,350 to €117,448
mainly Net result for the year (-€75,781) and Receivables within one year (-€26,889)
- Tangible fixed assets -€13,225
down €13,225 (-28.4%), from €46,492 to €33,267
of which Furniture and vehicles: -€12,061
- Trade debts +€83,681
up €83,681 (+46.5%), from €179,887 to €263,568
- Profit (loss) carried forward -€75,781
down €75,781 (-48.5%), from €156,249 to €80,468
- Accrued charges and deferred income -€19,616
no longer reported in 2025 (was €19,616)
- Tax, wage and social debts -€17,854
down €17,854 (-23.7%), from €75,207 to €57,353
of which Taxes: -€16,872
- Gross operating margin -€53,524
down €53,524 (-14.7%), from €363,242 to €309,718
- Staff costs +€18,600
up €18,600 (+5.4%), from €345,163 to €363,763
- Depreciation -€4,747
down €4,747 (-24.3%), from €19,542 to €14,795
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 | €932,198 | €906,725 | -€25,473 | -2.7% |
| Fixed assets | 21/28 | €46,492 | €33,267 | -€13,225 | -28.4% |
| Tangible fixed assets | 22/27 | €46,492 | €33,267 | -€13,225 | -28.4% |
| Furniture and vehicles | 24 | €36,537 | €24,475 | -€12,061 | -33.0% |
| Other tangible fixed assets | 26 | €9,955 | €8,792 | -€1,164 | -11.7% |
| Current assets | 29/58 | €885,706 | €873,458 | -€12,248 | -1.4% |
| Stocks and contracts in progress | 3 | €118,638 | €116,194 | -€2,444 | -2.1% |
| Stocks | 30/36 | €118,638 | €116,194 | -€2,444 | -2.1% |
| Amounts receivable within one year | 40/41 | €389,467 | €416,356 | +€26,889 | +6.9% |
| Trade receivables | 40 | €316,361 | €336,843 | +€20,483 | +6.5% |
| Other amounts receivable | 41 | €73,107 | €79,513 | +€6,406 | +8.8% |
| Current investments | 50/53 | €245,251 | €223,460 | -€21,791 | -8.9% |
| Cash at bank and in hand | 54/58 | €132,350 | €117,448 | -€14,902 | -11.3% |
| Total equity and liabilities | 10/49 | €932,198 | €906,725 | -€25,473 | -2.7% |
| Equity | 10/15 | €575,596 | €499,815 | -€75,781 | -13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €357,347 | €357,347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €332,397 | €332,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,249 | €80,468 | -€75,781 | -48.5% |
| Amounts payable | 17/49 | €356,603 | €406,910 | +€50,308 | +14.1% |
| Amounts payable within one year | 42/48 | €336,986 | €406,910 | +€69,924 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €18,797 | €22,894 | +€4,096 | +21.8% |
| Trade debts | 44 | €179,887 | €263,568 | +€83,681 | +46.5% |
| Suppliers | 440/4 | €179,887 | €263,568 | +€83,681 | +46.5% |
| Taxes, remuneration and social security | 45 | €75,207 | €57,353 | -€17,854 | -23.7% |
| Taxes | 450/3 | €42,834 | €25,961 | -€16,872 | -39.4% |
| Remuneration and social security | 454/9 | €32,373 | €31,391 | -€982 | -3.0% |
| Other amounts payable | 47/48 | €63,096 | €63,096 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,616 | - | -€19,616 | |
| Remuneration, social security and pensions | 62 | €345,163 | €363,763 | +€18,600 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,542 | €14,795 | -€4,747 | -24.3% |
| Other operating charges | 640/8 | €2,378 | €2,665 | +€286 | +12.0% |
| Gross operating margin | 9900 | €363,242 | €309,718 | -€53,524 | -14.7% |
| Operating profit (loss) | 9901 | -€3,841 | -€71,504 | -€67,663 | -1,762% |
| Financial income | 75/76B | - | €3,159 | +€3,159 | |
| Recurring financial income | 75 | - | €3,159 | +€3,159 | |
| Financial charges | 65/66B | €5,822 | €6,050 | +€228 | +3.9% |
| Recurring financial charges | 65 | €5,822 | €6,050 | +€228 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,663 | -€74,396 | -€64,733 | -670% |
| Income taxes | 67/77 | €1,844 | €1,385 | -€460 | -24.9% |
| Profit (loss) for the period | 9904 | -€11,507 | -€75,781 | -€64,273 | -559% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,507 | -€75,781 | -€64,273 | -559% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.