Van Bun Michaël: 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 Bun Michaël
Largest movements
- Cash +€25,235
up €25,235 (+35.0%), from €72,069 to €97,303
mainly Net result for the year (+€27,213) and Trade debts (+€393)
- Tangible fixed assets +€1,370
new in 2025: €1,370
- Reserves +€27,213
up €27,213 (+58.2%), from €46,777 to €73,990
- Taxes -€6,760
down €6,760 (-63.2%), from €10,696 to €3,935
- Gross operating margin -€5,992
down €5,992 (-15.0%), from €39,907 to €33,915
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 | €72,069 | €99,272 | +€27,204 | +37.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | - | €1,370 | +€1,370 | |
| Tangible fixed assets | 22/27 | - | €1,370 | +€1,370 | |
| Furniture and vehicles | 24 | - | €1,370 | +€1,370 | |
| Current assets | 29/58 | €72,069 | €97,902 | +€25,834 | +35.8% |
| Cash at bank and in hand | 54/58 | €72,069 | €97,303 | +€25,235 | +35.0% |
| Deferred charges and accrued income | 490/1 | - | €599 | +€599 | |
| Total equity and liabilities | 10/49 | €72,069 | €99,272 | +€27,204 | +37.7% |
| Equity | 10/15 | €49,777 | €76,990 | +€27,213 | +54.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,777 | €73,990 | +€27,213 | +58.2% |
| Distributable reserves | 133 | €46,777 | €73,990 | +€27,213 | +58.2% |
| Amounts payable | 17/49 | €22,292 | €22,282 | -€9 | 0.0% |
| Amounts payable within one year | 42/48 | €22,292 | €22,282 | -€9 | 0.0% |
| Trade debts | 44 | €543 | €936 | +€393 | +72.3% |
| Suppliers | 440/4 | €543 | €936 | +€393 | +72.3% |
| Taxes, remuneration and social security | 45 | €21,449 | €20,853 | -€595 | -2.8% |
| Taxes | 450/3 | €21,449 | €20,853 | -€595 | -2.8% |
| Other amounts payable | 47/48 | €300 | €493 | +€193 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €240 | -€92 | -27.7% |
| Other operating charges | 640/8 | €264 | €386 | +€122 | +46.2% |
| Gross operating margin | 9900 | €39,907 | €33,915 | -€5,992 | -15.0% |
| Operating profit (loss) | 9901 | €39,311 | €33,288 | -€6,022 | -15.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,414 | €2,140 | -€274 | -11.4% |
| Recurring financial charges | 65 | €2,414 | €2,140 | -€274 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €36,896 | €31,149 | -€5,748 | -15.6% |
| Income taxes | 67/77 | €10,696 | €3,935 | -€6,760 | -63.2% |
| Profit (loss) for the period | 9904 | €26,201 | €27,213 | +€1,012 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,201 | €27,213 | +€1,012 | +3.9% |
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 22 October 2026 via checked.be.