VAN BESIEN: 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 BESIEN
Largest movements
- Cash +€37,258
up €37,258 (+16.3%), from €228,569 to €265,827
mainly Net result for the year (+€31,720) and Other debts (+€18,130)
- Receivables within one year +€23,184
up €23,184 (+23.7%), from €98,028 to €121,212
of which Trade receivables: +€23,184
- Reserves +€31,720
up €31,720 (+4.8%), from €660,540 to €692,259
- Other debts +€18,130
up €18,130 (+3,272%), from €554 to €18,684
- Tax, wage and social debts +€10,973
up €10,973 (+185%), from €5,918 to €16,891
of which Taxes: +€10,973
- Staff costs -€28,526
down €28,526, from €28,496 to -€30
- Gross operating margin -€18,641
down €18,641 (-26.0%), from €71,800 to €53,159
- Taxes +€9,843
up €9,843 (+159%), from €6,183 to €16,027
- Depreciation -€2,423
down €2,423 (-35.0%), from €6,916 to €4,494
- Financial income -€2,114
down €2,114 (-27.0%), from €7,845 to €5,731
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 | €672,973 | €735,695 | +€62,722 | +9.3% |
| Fixed assets | 21/28 | €78,921 | €77,654 | -€1,268 | -1.6% |
| Tangible fixed assets | 22/27 | €78,921 | €77,654 | -€1,268 | -1.6% |
| Land and buildings | 22 | €70,650 | €70,650 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,613 | €4,090 | -€522 | -11.3% |
| Furniture and vehicles | 24 | €3,659 | €2,914 | -€745 | -20.4% |
| Current assets | 29/58 | €594,051 | €658,041 | +€63,990 | +10.8% |
| Stocks and contracts in progress | 3 | €1,532 | €5,079 | +€3,546 | +231% |
| Stocks | 30/36 | €1,532 | €5,079 | +€3,546 | +231% |
| Amounts receivable within one year | 40/41 | €98,028 | €121,212 | +€23,184 | +23.7% |
| Trade receivables | 40 | €98,028 | €121,212 | +€23,184 | +23.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €264,551 | €264,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €228,569 | €265,827 | +€37,258 | +16.3% |
| Deferred charges and accrued income | 490/1 | €1,371 | €1,373 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €672,973 | €735,695 | +€62,722 | +9.3% |
| Equity | 10/15 | €662,140 | €693,859 | +€31,720 | +4.8% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €660,540 | €692,259 | +€31,720 | +4.8% |
| Distributable reserves | 133 | €660,540 | €692,259 | +€31,720 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €10,833 | €41,836 | +€31,003 | +286% |
| Amounts payable within one year | 42/48 | €10,833 | €41,836 | +€31,003 | +286% |
| Trade debts | 44 | €4,361 | €6,261 | +€1,900 | +43.6% |
| Suppliers | 440/4 | €4,361 | €6,261 | +€1,900 | +43.6% |
| Taxes, remuneration and social security | 45 | €5,918 | €16,891 | +€10,973 | +185% |
| Taxes | 450/3 | €5,918 | €16,891 | +€10,973 | +185% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €554 | €18,684 | +€18,130 | +3,272% |
| Remuneration, social security and pensions | 62 | €28,496 | -€30 | -€28,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,916 | €4,494 | -€2,423 | -35.0% |
| Other operating charges | 640/8 | €5,927 | €5,723 | -€203 | -3.4% |
| Gross operating margin | 9900 | €71,800 | €53,159 | -€18,641 | -26.0% |
| Operating profit (loss) | 9901 | €30,461 | €42,973 | +€12,511 | +41.1% |
| Financial income | 75/76B | €7,845 | €5,731 | -€2,114 | -27.0% |
| Recurring financial income | 75 | €7,845 | €5,731 | -€2,114 | -27.0% |
| Financial charges | 65/66B | €835 | €957 | +€122 | +14.6% |
| Recurring financial charges | 65 | €835 | €957 | +€122 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €37,472 | €47,746 | +€10,275 | +27.4% |
| Income taxes | 67/77 | €6,183 | €16,027 | +€9,843 | +159% |
| Profit (loss) for the period | 9904 | €31,288 | €31,720 | +€431 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,288 | €31,720 | +€431 | +1.4% |
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 26 October 2026 via checked.be.