VAN BLERK: 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 BLERK
Largest movements
- Receivables within one year +€24,366
up €24,366 (+45.6%), from €53,460 to €77,826
of which Trade receivables: +€22,022
- Cash -€12,772
down €12,772 (-18.0%), from €70,890 to €58,117
mainly Receivables within one year (-€24,366) and Trade debts (-€11,405)
- Tangible fixed assets -€8,696
down €8,696 (-54.4%), from €15,994 to €7,298
of which Furniture and vehicles: -€7,857
- Deferred charges and accrued income +€6,972
up €6,972 (+47.3%), from €14,753 to €21,724
- Reserves +€38,332
up €38,332 (+74.3%), from €51,583 to €89,914
- Trade debts -€11,405
down €11,405 (-15.4%), from €74,144 to €62,739
- Tax, wage and social debts -€6,398
down €6,398 (-36.4%), from €17,585 to €11,187
of which Remuneration and social security: -€5,861
- Debts after one year -€4,790
down €4,790 (-92.3%), from €5,192 to €402
- Other debts -€3,789
down €3,789 (-100%), from €3,789 to €0
- Staff costs -€48,664
down €48,664 (-58.1%), from €83,808 to €35,144
- Gross operating margin -€40,166
down €40,166 (-26.8%), from €149,967 to €109,801
- Other operating charges -€6,687
down €6,687 (-68.4%), from €9,772 to €3,085
- Taxes +€6,520
up €6,520 (+60.7%), from €10,746 to €17,266
- Financial charges +€5,714
up €5,714 (+277%), from €2,066 to €7,781
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 | €165,877 | €175,747 | +€9,870 | +6.0% |
| Fixed assets | 21/28 | €19,275 | €10,579 | -€8,696 | -45.1% |
| Tangible fixed assets | 22/27 | €15,994 | €7,298 | -€8,696 | -54.4% |
| Plant, machinery and equipment | 23 | €2,391 | €1,553 | -€838 | -35.1% |
| Furniture and vehicles | 24 | €13,603 | €5,745 | -€7,857 | -57.8% |
| Financial fixed assets | 28 | €3,281 | €3,281 | = | 0.0% |
| Current assets | 29/58 | €146,602 | €165,168 | +€18,566 | +12.7% |
| Stocks and contracts in progress | 3 | €7,500 | €7,500 | = | 0.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,460 | €77,826 | +€24,366 | +45.6% |
| Trade receivables | 40 | €31,686 | €53,708 | +€22,022 | +69.5% |
| Other amounts receivable | 41 | €21,774 | €24,119 | +€2,344 | +10.8% |
| Cash at bank and in hand | 54/58 | €70,890 | €58,117 | -€12,772 | -18.0% |
| Deferred charges and accrued income | 490/1 | €14,753 | €21,724 | +€6,972 | +47.3% |
| Total equity and liabilities | 10/49 | €165,877 | €175,747 | +€9,870 | +6.0% |
| Equity | 10/15 | €57,883 | €96,214 | +€38,332 | +66.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €51,583 | €89,914 | +€38,332 | +74.3% |
| Distributable reserves | 133 | €51,583 | €89,914 | +€38,332 | +74.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,994 | €79,533 | -€28,461 | -26.4% |
| Amounts payable after more than one year | 17 | €5,192 | €402 | -€4,790 | -92.3% |
| Financial debts | 170/4 | €5,192 | €402 | -€4,790 | -92.3% |
| Amounts payable within one year | 42/48 | €102,802 | €78,852 | -€23,951 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €7,285 | €4,790 | -€2,494 | -34.2% |
| Financial debts | 43 | - | €136 | +€136 | |
| Credit institutions | 430/8 | - | €136 | +€136 | |
| Trade debts | 44 | €74,144 | €62,739 | -€11,405 | -15.4% |
| Suppliers | 440/4 | €74,144 | €62,739 | -€11,405 | -15.4% |
| Taxes, remuneration and social security | 45 | €17,585 | €11,187 | -€6,398 | -36.4% |
| Taxes | 450/3 | €11,724 | €11,187 | -€537 | -4.6% |
| Remuneration and social security | 454/9 | €5,861 | €0 | -€5,861 | -100% |
| Other amounts payable | 47/48 | €3,789 | €0 | -€3,789 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €279 | +€279 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €83,808 | €35,144 | -€48,664 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,115 | €8,696 | -€4,419 | -33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,772 | €3,085 | -€6,687 | -68.4% |
| Gross operating margin | 9900 | €149,967 | €109,801 | -€40,166 | -26.8% |
| Operating profit (loss) | 9901 | €43,273 | €62,876 | +€19,603 | +45.3% |
| Financial income | 75/76B | €556 | €502 | -€54 | -9.8% |
| Recurring financial income | 75 | €556 | €502 | -€54 | -9.8% |
| Financial charges | 65/66B | €2,066 | €7,781 | +€5,714 | +277% |
| Recurring financial charges | 65 | €2,066 | €7,781 | +€5,714 | +277% |
| Profit (loss) for the period before taxes | 9903 | €41,762 | €55,597 | +€13,835 | +33.1% |
| Income taxes | 67/77 | €10,746 | €17,266 | +€6,520 | +60.7% |
| Profit (loss) for the period | 9904 | €31,016 | €38,332 | +€7,315 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,016 | €38,332 | +€7,315 | +23.6% |
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 13 October 2026 via checked.be.