Van Bulck Andy: 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 Bulck Andy
Largest movements
- Tangible fixed assets -€7,227
down €7,227 (-22.4%), from €32,295 to €25,068
- Cash +€6,997
up €6,997 (+9.2%), from €75,948 to €82,945
mainly Other debts (+€61,109) and Net result for the year (+€12,802)
- Receivables within one year +€5,871
up €5,871 (+89.5%), from €6,558 to €12,430
of which Other amounts receivable: +€6,755
- Other debts +€61,109
up €61,109 (+525%), from €11,643 to €72,752
- Profit (loss) carried forward -€48,267
no longer reported in 2025 (was €48,267)
- Debts after one year -€4,830
down €4,830 (-24.2%), from €19,962 to €15,132
- Tax, wage and social debts -€2,452
down €2,452 (-61.3%), from €4,003 to €1,551
of which Remuneration and social security: -€2,050
- Gross operating margin -€5,155
down €5,155 (-19.0%), from €27,174 to €22,019
- Depreciation +€3,386
up €3,386 (+88.1%), from €3,841 to €7,227
- Taxes -€2,381
down €2,381 (-78.2%), from €3,044 to €663
- Financial charges +€307
up €307 (+61.4%), from €499 to €806
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 | €115,853 | €121,565 | +€5,712 | +4.9% |
| Fixed assets | 21/28 | €32,295 | €25,068 | -€7,227 | -22.4% |
| Tangible fixed assets | 22/27 | €32,295 | €25,068 | -€7,227 | -22.4% |
| Furniture and vehicles | 24 | €32,295 | €25,068 | -€7,227 | -22.4% |
| Current assets | 29/58 | €83,558 | €96,497 | +€12,939 | +15.5% |
| Amounts receivable within one year | 40/41 | €6,558 | €12,430 | +€5,871 | +89.5% |
| Trade receivables | 40 | €6,558 | €5,675 | -€883 | -13.5% |
| Other amounts receivable | 41 | - | €6,755 | +€6,755 | |
| Cash at bank and in hand | 54/58 | €75,948 | €82,945 | +€6,997 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,053 | €1,123 | +€70 | +6.7% |
| Total equity and liabilities | 10/49 | €115,853 | €121,565 | +€5,712 | +4.9% |
| Equity | 10/15 | €75,588 | €27,057 | -€48,531 | -64.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,922 | €14,657 | -€264 | -1.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €13,067 | €12,802 | -€264 | -2.0% |
| Profit (loss) carried forward | 14 | €48,267 | - | -€48,267 | |
| Amounts payable | 17/49 | €40,265 | €94,508 | +€54,242 | +135% |
| Amounts payable after more than one year | 17 | €19,962 | €15,132 | -€4,830 | -24.2% |
| Financial debts | 170/4 | €19,962 | €15,132 | -€4,830 | -24.2% |
| Amounts payable within one year | 42/48 | €20,303 | €79,376 | +€59,072 | +291% |
| Current portion of amounts payable after more than one year | 42 | €4,658 | €4,658 | = | 0.0% |
| Trade debts | 44 | - | €415 | +€415 | |
| Suppliers | 440/4 | - | €415 | +€415 | |
| Taxes, remuneration and social security | 45 | €4,003 | €1,551 | -€2,452 | -61.3% |
| Taxes | 450/3 | €1,953 | €1,551 | -€402 | -20.6% |
| Remuneration and social security | 454/9 | €2,050 | - | -€2,050 | |
| Other amounts payable | 47/48 | €11,643 | €72,752 | +€61,109 | +525% |
| Non-recurring operating income | 76A | €11,853 | - | -€11,853 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,841 | €7,227 | +€3,386 | +88.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €27,174 | €22,019 | -€5,155 | -19.0% |
| Operating profit (loss) | 9901 | €22,827 | €14,272 | -€8,556 | -37.5% |
| Financial charges | 65/66B | €499 | €806 | +€307 | +61.4% |
| Recurring financial charges | 65 | €499 | €806 | +€307 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | €22,328 | €13,466 | -€8,862 | -39.7% |
| Income taxes | 67/77 | €3,044 | €663 | -€2,381 | -78.2% |
| Profit (loss) for the period | 9904 | €19,284 | €12,802 | -€6,481 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,284 | €12,802 | -€6,481 | -33.6% |
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 15 October 2026 via checked.be.