VAN BELLE - TECHNISCH BUREAU: 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 - TECHNISCH BUREAU
Largest movements
- Cash +€106,648
up €106,648 (+105%), from €101,648 to €208,296
mainly Net result for the year (+€268,015) and Depreciation (+€81,385)
- Receivables within one year +€99,679
up €99,679 (+45.2%), from €220,322 to €320,001
of which Other amounts receivable: +€110,028
- Receivables after one year +€76,505
up €76,505 (+3.9%), from €2.0m to €2.0m
- Intangible fixed assets -€49,162
down €49,162 (-63.7%), from €77,197 to €28,035
- Reserves +€268,015
up €268,015 (+9.5%), from €2.8m to €3.1m
of which Distributable reserves: +€268,015
- Trade debts -€94,802
down €94,802 (-25.9%), from €365,371 to €270,569
- Other debts +€75,167
up €75,167 (+11.7%), from €642,966 to €718,133
- Gross operating margin +€101,099
up €101,099 (+37.2%), from €271,413 to €372,512
- Financial charges +€60,460
up €60,460 (+429%), from €14,109 to €74,569
- Financial income +€27,462
up €27,462 (+36.6%), from €75,080 to €102,541
- Depreciation +€13,598
up €13,598 (+20.1%), from €67,788 to €81,385
- Taxes +€8,877
up €8,877 (+22.3%), from €39,892 to €48,769
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 | €4,042,081 | €4,276,199 | +€234,118 | +5.8% |
| Fixed assets | 21/28 | €1,361,108 | €1,320,585 | -€40,523 | -3.0% |
| Intangible fixed assets | 21 | €77,197 | €28,035 | -€49,162 | -63.7% |
| Tangible fixed assets | 22/27 | €136,248 | €133,358 | -€2,890 | -2.1% |
| Furniture and vehicles | 24 | €136,248 | €133,358 | -€2,890 | -2.1% |
| Financial fixed assets | 28 | €1,147,663 | €1,159,191 | +€11,528 | +1.0% |
| Current assets | 29/58 | €2,680,974 | €2,955,614 | +€274,641 | +10.2% |
| Amounts receivable after more than one year | 29 | €1,950,000 | €2,026,505 | +€76,505 | +3.9% |
| Other amounts receivable | 291 | €1,950,000 | €2,026,505 | +€76,505 | +3.9% |
| Amounts receivable within one year | 40/41 | €220,322 | €320,001 | +€99,679 | +45.2% |
| Trade receivables | 40 | €162,183 | €151,835 | -€10,349 | -6.4% |
| Other amounts receivable | 41 | €58,139 | €168,166 | +€110,028 | +189% |
| Current investments | 50/53 | €379,143 | €397,081 | +€17,938 | +4.7% |
| Cash at bank and in hand | 54/58 | €101,648 | €208,296 | +€106,648 | +105% |
| Deferred charges and accrued income | 490/1 | €29,860 | €3,730 | -€26,130 | -87.5% |
| Total equity and liabilities | 10/49 | €4,042,081 | €4,276,199 | +€234,118 | +5.8% |
| Equity | 10/15 | €2,873,914 | €3,141,930 | +€268,015 | +9.3% |
| Contributions | 10/11 | €62,043 | €62,043 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €43 | €43 | = | 0.0% |
| Share premium | 1100/10 | €43 | €43 | = | 0.0% |
| Reserves | 13 | €2,811,871 | €3,079,887 | +€268,015 | +9.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,805,671 | €3,073,687 | +€268,015 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,168,167 | €1,134,269 | -€33,898 | -2.9% |
| Amounts payable after more than one year | 17 | €87,539 | €52,523 | -€35,016 | -40.0% |
| Financial debts | 170/4 | €87,539 | €52,523 | -€35,016 | -40.0% |
| Amounts payable within one year | 42/48 | €1,077,449 | €1,079,004 | +€1,555 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €35,016 | €35,016 | = | 0.0% |
| Trade debts | 44 | €365,371 | €270,569 | -€94,802 | -25.9% |
| Suppliers | 440/4 | €365,371 | €270,569 | -€94,802 | -25.9% |
| Taxes, remuneration and social security | 45 | €34,097 | €55,287 | +€21,190 | +62.1% |
| Taxes | 450/3 | €34,097 | €55,287 | +€21,190 | +62.1% |
| Other amounts payable | 47/48 | €642,966 | €718,133 | +€75,167 | +11.7% |
| Accrued charges and deferred income | 492/3 | €3,178 | €2,741 | -€437 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,788 | €81,385 | +€13,598 | +20.1% |
| Other operating charges | 640/8 | €2,432 | €2,315 | -€117 | -4.8% |
| Gross operating margin | 9900 | €271,413 | €372,512 | +€101,099 | +37.2% |
| Operating profit (loss) | 9901 | €201,194 | €288,812 | +€87,618 | +43.5% |
| Financial income | 75/76B | €75,080 | €102,541 | +€27,462 | +36.6% |
| Recurring financial income | 75 | €75,080 | €102,541 | +€27,462 | +36.6% |
| Financial charges | 65/66B | €14,109 | €74,569 | +€60,460 | +429% |
| Recurring financial charges | 65 | €14,109 | €74,569 | +€60,460 | +429% |
| Profit (loss) for the period before taxes | 9903 | €262,164 | €316,784 | +€54,620 | +20.8% |
| Income taxes | 67/77 | €39,892 | €48,769 | +€8,877 | +22.3% |
| Profit (loss) for the period | 9904 | €222,273 | €268,015 | +€45,743 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €222,273 | €268,015 | +€45,743 | +20.6% |
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 24 October 2026 via checked.be.