VAN BOS - VAN SAET: 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 BOS - VAN SAET
Largest movements
- Cash -€20,331
down €20,331 (-28.1%), from €72,349 to €52,018
mainly Trade debts (-€9,895) and Receivables within one year (-€6,244)
- Receivables within one year +€6,244
up €6,244 (+8.7%), from €71,388 to €77,633
of which Other amounts receivable: +€7,804
- Trade debts -€9,895
down €9,895 (-85.1%), from €11,620 to €1,726
- Tax, wage and social debts -€5,937
down €5,937 (-55.2%), from €10,760 to €4,824
- Reserves +€5,117
up €5,117 (+3.2%), from €160,280 to €165,397
of which Distributable reserves: +€5,117
- Gross operating margin +€3,711
up €3,711 (+547%), from €678 to €4,389
- Depreciation -€532
down €532 (-100%), from €532 to €0
- Financial income +€505
up €505 (+11.0%), from €4,600 to €5,105
- Taxes +€479
up €479 (+31.5%), from €1,523 to €2,003
- Financial charges -€229
down €229 (-29.5%), from €777 to €548
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 | €214,095 | €203,381 | -€10,714 | -5.0% |
| Fixed assets | 21/28 | €29,573 | €29,573 | = | 0.0% |
| Tangible fixed assets | 22/27 | €29,002 | €29,002 | = | 0.0% |
| Land and buildings | 22 | €29,002 | €29,002 | = | 0.0% |
| Financial fixed assets | 28 | €571 | €571 | = | 0.0% |
| Current assets | 29/58 | €184,522 | €173,808 | -€10,714 | -5.8% |
| Stocks and contracts in progress | 3 | €40,785 | €42,365 | +€1,580 | +3.9% |
| Stocks | 30/36 | €40,785 | €42,365 | +€1,580 | +3.9% |
| Amounts receivable within one year | 40/41 | €71,388 | €77,633 | +€6,244 | +8.7% |
| Trade receivables | 40 | €1,560 | €0 | -€1,560 | -100% |
| Other amounts receivable | 41 | €69,828 | €77,633 | +€7,804 | +11.2% |
| Cash at bank and in hand | 54/58 | €72,349 | €52,018 | -€20,331 | -28.1% |
| Deferred charges and accrued income | 490/1 | - | €1,793 | +€1,793 | |
| Total equity and liabilities | 10/49 | €214,095 | €203,381 | -€10,714 | -5.0% |
| Equity | 10/15 | €191,267 | €196,384 | +€5,117 | +2.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €160,280 | €165,397 | +€5,117 | +3.2% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,116 | €9,116 | = | 0.0% |
| Distributable reserves | 133 | €148,066 | €153,183 | +€5,117 | +3.5% |
| Provisions and deferred taxes | 16 | €448 | €448 | = | 0.0% |
| Deferred taxes | 168 | €448 | €448 | = | 0.0% |
| Amounts payable | 17/49 | €22,381 | €6,550 | -€15,831 | -70.7% |
| Amounts payable within one year | 42/48 | €22,381 | €6,550 | -€15,831 | -70.7% |
| Trade debts | 44 | €11,620 | €1,726 | -€9,895 | -85.1% |
| Suppliers | 440/4 | €11,620 | €1,726 | -€9,895 | -85.1% |
| Taxes, remuneration and social security | 45 | €10,760 | €4,824 | -€5,937 | -55.2% |
| Taxes | 450/3 | €10,760 | €4,824 | -€5,937 | -55.2% |
| Non-recurring operating income | 76A | - | €2,422 | +€2,422 | |
| Remuneration, social security and pensions | 62 | €32 | - | -€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €0 | -€532 | -100% |
| Other operating charges | 640/8 | €1,860 | €1,826 | -€34 | -1.8% |
| Gross operating margin | 9900 | €678 | €4,389 | +€3,711 | +547% |
| Operating profit (loss) | 9901 | -€1,747 | €2,563 | +€4,310 | |
| Financial income | 75/76B | €4,600 | €5,105 | +€505 | +11.0% |
| Recurring financial income | 75 | €4,600 | €5,105 | +€505 | +11.0% |
| Financial charges | 65/66B | €777 | €548 | -€229 | -29.5% |
| Recurring financial charges | 65 | €777 | €548 | -€229 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €2,076 | €7,120 | +€5,044 | +243% |
| Income taxes | 67/77 | €1,523 | €2,003 | +€479 | +31.5% |
| Profit (loss) for the period | 9904 | €552 | €5,117 | +€4,565 | +827% |
| Profit (loss) for the period to be appropriated | 9905 | €552 | €5,117 | +€4,565 | +827% |
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 15 October 2026 via checked.be.