Van Brussel: what changed
Two fiscal 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.
What changed
Van Brussel
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€43,894
2024 · €202,214-€158,319
Equity
€3.4m
2024 · €3.3m+€43,894
Cash
€3,599
2024 · €87,442-€83,844
Balance sheet total
€16.1m
2024 · €16.3m-€255,072
Largest movements
Assets
- Receivables after one year -€192,531
down €192,531 (-13.1%), from €1.5m to €1.3m
Equity and liabilities
- Current portion of long-term debt -€583,063
down €583,063 (-26.8%), from €2.2m to €1.6m
- Debts after one year +€333,117
up €333,117 (+5.3%), from €6.3m to €6.6m
of which Financial debts: +€432,717
- Trade debts +€285,307
up €285,307 (+158.6%), from €179,937 to €465,244
- Advances received -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Other debts +€170,278
up €170,278 (+28.5%), from €597,009 to €767,287
Income statement
- Depreciation +€369,256
up €369,256 (+74.7%), from €494,207 to €863,464
- Gross operating margin +€243,056
up €243,056 (+21.4%), from €1.1m to €1.4m
- Taxes -€62,977
down €62,977 (-60.2%), from €104,671 to €41,694
- Financial charges -€17,456
down €17,456 (-5.8%), from €302,954 to €285,498
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.
Result 2024
€202,214
Gross operating margin
+€243,056
Depreciation
-€369,256
Other operating charges
+€6,264
Other operating items
-€123,323
Financial income
+€3,649
Financial charges
+€17,456
Taxes
+€62,977
Deferred taxes and other
+€858
Result 2025
€43,894
Cash bridge derived
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.
From operations
+€1.1m
Investment
-€938,369
Financing
-€249,947
Cash 2024
€87,442
From operations (derived)
+€1.1m
Net result for the year
+€43,894
Depreciation
+€863,464
Receivables after one year
+€192,531
Receivables within one year
+€24,442
Deferred charges and accrued income
+€29,161
Provisions
-€13,435
Trade debts
+€285,307
Tax, wage and social debts
-€123,597
Advances received
-€200,000
Other debts
+€170,278
Accrued charges and deferred income
-€167,572
Investment (derived)
-€938,369
Investment in fixed assets (net)
-€938,369
Financing
-€249,947
Debts after one year
+€333,117
Current portion of long-term debt
-€583,063
Cash 2025
€3,599
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,320,643 | €16,065,572 | -€255,072 | -1.6% |
| Fixed assets | 21/28 | €13,649,499 | €13,724,405 | +€74,905 | +0.5% |
| Tangible fixed assets | 22/27 | €13,579,499 | €13,654,405 | +€74,905 | +0.6% |
| Land and buildings | 22 | €12,936,765 | €12,960,241 | +€23,476 | +0.2% |
| Plant, machinery and equipment | 23 | €626,595 | €679,608 | +€53,012 | +8.5% |
| Furniture and vehicles | 24 | €16,139 | €14,556 | -€1,583 | -9.8% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €2,671,144 | €2,341,167 | -€329,977 | -12.4% |
| Amounts receivable after more than one year | 29 | €1,472,809 | €1,280,278 | -€192,531 | -13.1% |
| Other amounts receivable | 291 | €1,472,809 | €1,280,278 | -€192,531 | -13.1% |
| Amounts receivable within one year | 40/41 | €1,054,156 | €1,029,713 | -€24,442 | -2.3% |
| Trade receivables | 40 | €465,205 | €683,842 | +€218,637 | +47.0% |
| Other amounts receivable | 41 | €588,951 | €345,872 | -€243,079 | -41.3% |
| Cash at bank and in hand | 54/58 | €87,442 | €3,599 | -€83,844 | -95.9% |
| Deferred charges and accrued income | 490/1 | €56,738 | €27,577 | -€29,161 | -51.4% |
| Total equity and liabilities | 10/49 | €16,320,643 | €16,065,572 | -€255,072 | -1.6% |
| Equity | 10/15 | €3,348,569 | €3,392,463 | +€43,894 | +1.3% |
| Contributions | 10/11 | €68,750 | €68,750 | = | 0.0% |
| Capital | 10 | €68,750 | €68,750 | = | 0.0% |
| Issued capital | 100 | €68,750 | €68,750 | = | 0.0% |
| Reserves | 13 | €3,279,819 | €3,323,713 | +€43,894 | +1.3% |
| Non-distributable reserves | 130/1 | €6,875 | €6,875 | = | 0.0% |
| Legal reserve | 130 | €6,875 | €6,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,215,690 | €1,175,385 | -€40,305 | -3.3% |
| Distributable reserves | 133 | €2,057,254 | €2,141,453 | +€84,199 | +4.1% |
| Provisions and deferred taxes | 16 | €405,230 | €391,795 | -€13,435 | -3.3% |
| Deferred taxes | 168 | €405,230 | €391,795 | -€13,435 | -3.3% |
| Amounts payable | 17/49 | €12,566,845 | €12,281,314 | -€285,531 | -2.3% |
| Amounts payable after more than one year | 17 | €6,272,469 | €6,605,586 | +€333,117 | +5.3% |
| Financial debts | 170/4 | €6,072,469 | €6,505,186 | +€432,717 | +7.1% |
| Other amounts payable | 178/9 | €200,000 | €100,400 | -€99,600 | -49.8% |
| Amounts payable within one year | 42/48 | €3,446,455 | €2,995,379 | -€451,076 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €2,171,933 | €1,588,869 | -€583,063 | -26.8% |
| Trade debts | 44 | €179,937 | €465,244 | +€285,307 | +158.6% |
| Suppliers | 440/4 | €179,937 | €465,244 | +€285,307 | +158.6% |
| Advances received on contracts in progress | 46 | €200,000 | €0 | -€200,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €297,576 | €173,979 | -€123,597 | -41.5% |
| Taxes | 450/3 | €297,576 | €170,979 | -€126,597 | -42.5% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €597,009 | €767,287 | +€170,278 | +28.5% |
| Accrued charges and deferred income | 492/3 | €2,847,921 | €2,680,349 | -€167,572 | -5.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €494,207 | €863,464 | +€369,256 | +74.7% |
| Other operating charges | 640/8 | €90,961 | €84,697 | -€6,264 | -6.9% |
| Non-recurring operating charges | 66A | - | €123,323 | +€123,323 | |
| Gross operating margin | 9900 | €1,138,204 | €1,381,260 | +€243,056 | +21.4% |
| Operating profit (loss) | 9901 | €553,036 | €309,776 | -€243,260 | -44.0% |
| Financial income | 75/76B | €44,226 | €47,875 | +€3,649 | +8.3% |
| Recurring financial income | 75 | €43,411 | €39,294 | -€4,117 | -9.5% |
| Non-recurring financial income | 76B | €815 | €8,582 | +€7,766 | +952.8% |
| Financial charges | 65/66B | €302,954 | €285,498 | -€17,456 | -5.8% |
| Recurring financial charges | 65 | €302,954 | €285,498 | -€17,456 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €294,307 | €72,153 | -€222,155 | -75.5% |
| Transfer from deferred taxes | 780 | €12,577 | €13,435 | +€858 | +6.8% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €104,671 | €41,694 | -€62,977 | -60.2% |
| Profit (loss) for the period | 9904 | €202,214 | €43,894 | -€158,319 | -78.3% |
| Transfer from tax-exempt reserves | 789 | €37,731 | €40,305 | +€2,574 | +6.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €239,945 | €84,199 | -€155,746 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.