VAN BUEL: 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 BUEL
Largest movements
- Cash +€23,230
up €23,230 (+76.1%), from €30,515 to €53,746
mainly Other debts (+€39,106) and Net result for the year (+€30,839)
- Receivables within one year +€10,759
up €10,759 (+189.4%), from €5,679 to €16,438
of which Trade receivables: +€10,531
- Tangible fixed assets -€7,962
down €7,962 (-76.6%), from €10,401 to €2,439
of which Furniture and vehicles: -€6,650
- Stocks and contracts +€2,894
new in 2025: €2,894
- Other debts +€39,106
up €39,106 (+109724.9%), from €36 to €39,142
- Trade debts +€11,439
up €11,439 (+600.7%), from €1,904 to €13,343
- Debts after one year -€7,331
down €7,331 (-51.0%), from €14,381 to €7,049
- Current portion of long-term debt -€5,240
down €5,240 (-41.7%), from €12,571 to €7,331
- Reserves -€4,455
down €4,455 (-7.4%), from €59,987 to €55,532
- Gross operating margin +€4,753
up €4,753 (+10.4%), from €45,545 to €50,298
- Taxes +€1,730
up €1,730 (+17.5%), from €9,884 to €11,615
- Financial charges -€815
down €815 (-48.6%), from €1,675 to €861
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,490 | €137,458 | +€29,968 | +27.9% |
| Fixed assets | 21/28 | €10,401 | €2,439 | -€7,962 | -76.6% |
| Tangible fixed assets | 22/27 | €10,401 | €2,439 | -€7,962 | -76.6% |
| Land and buildings | 22 | €1,062 | €883 | -€179 | -16.9% |
| Plant, machinery and equipment | 23 | €1,563 | €430 | -€1,133 | -72.5% |
| Furniture and vehicles | 24 | €7,776 | €1,126 | -€6,650 | -85.5% |
| Current assets | 29/58 | €97,089 | €135,019 | +€37,930 | +39.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €2,894 | +€2,894 | |
| Stocks | 30/36 | - | €2,894 | +€2,894 | |
| Amounts receivable within one year | 40/41 | €5,679 | €16,438 | +€10,759 | +189.4% |
| Trade receivables | 40 | €4,687 | €15,218 | +€10,531 | +224.7% |
| Other amounts receivable | 41 | €992 | €1,221 | +€228 | +23.0% |
| Cash at bank and in hand | 54/58 | €30,515 | €53,746 | +€23,230 | +76.1% |
| Deferred charges and accrued income | 490/1 | €894 | €1,941 | +€1,046 | +117.0% |
| Total equity and liabilities | 10/49 | €107,490 | €137,458 | +€29,968 | +27.9% |
| Equity | 10/15 | €64,987 | €60,532 | -€4,455 | -6.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,987 | €55,532 | -€4,455 | -7.4% |
| Distributable reserves | 133 | €59,987 | €55,532 | -€4,455 | -7.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,504 | €76,926 | +€34,422 | +81.0% |
| Amounts payable after more than one year | 17 | €14,381 | €7,049 | -€7,331 | -51.0% |
| Financial debts | 170/4 | €14,381 | €7,049 | -€7,331 | -51.0% |
| Amounts payable within one year | 42/48 | €27,567 | €69,321 | +€41,754 | +151.5% |
| Current portion of amounts payable after more than one year | 42 | €12,571 | €7,331 | -€5,240 | -41.7% |
| Trade debts | 44 | €1,904 | €13,343 | +€11,439 | +600.7% |
| Suppliers | 440/4 | €1,904 | €13,343 | +€11,439 | +600.7% |
| Taxes, remuneration and social security | 45 | €13,057 | €9,505 | -€3,551 | -27.2% |
| Taxes | 450/3 | €10,557 | €7,505 | -€3,051 | -28.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,000 | -€500 | -20.0% |
| Other amounts payable | 47/48 | €36 | €39,142 | +€39,106 | +109724.9% |
| Accrued charges and deferred income | 492/3 | €556 | €556 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,962 | €7,962 | = | 0.0% |
| Other operating charges | 640/8 | €592 | €720 | +€128 | +21.6% |
| Gross operating margin | 9900 | €45,545 | €50,298 | +€4,753 | +10.4% |
| Operating profit (loss) | 9901 | €36,991 | €41,616 | +€4,625 | +12.5% |
| Financial income | 75/76B | €1,698 | €1,698 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,698 | €1,698 | +€0 | 0.0% |
| Financial charges | 65/66B | €1,675 | €861 | -€815 | -48.6% |
| Recurring financial charges | 65 | €1,675 | €861 | -€815 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €37,014 | €42,454 | +€5,440 | +14.7% |
| Income taxes | 67/77 | €9,884 | €11,615 | +€1,730 | +17.5% |
| Profit (loss) for the period | 9904 | €27,129 | €30,839 | +€3,710 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,129 | €30,839 | +€3,710 | +13.7% |
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 10 October 2026 via checked.be.