Van Bunnen: what changed
What changed
Van Bunnen
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
€58,581
2025 · €67,729-€9,148
Equity
€1.3m
2025 · €1.3m+€581
Cash
€136,221
2025 · €91,866+€44,355
Balance sheet total
€1.8m
2025 · €1.8m-€56,527
Largest movements
Assets
- Receivables within one year -€78,332
down €78,332 (-86.2%), from €90,868 to €12,537
of which Other amounts receivable: -€60,742
- Cash +€44,355
up €44,355 (+48.3%), from €91,866 to €136,221
mainly Receivables within one year (+€78,332) and Net result for the year (+€58,581)
Equity and liabilities
- Debts after one year -€72,269
down €72,269 (-17.5%), from €411,798 to €339,529
Income statement
- Gross operating margin -€14,192
down €14,192 (-5.3%), from €269,224 to €255,032
- Other operating charges +€5,012
up €5,012 (+78.0%), from €6,428 to €11,440
- Staff costs -€3,910
down €3,910 (-3.8%), from €103,374 to €99,464
- Financial charges -€3,644
down €3,644 (-23.4%), from €15,572 to €11,928
- Taxes -€3,558
down €3,558 (-15.7%), from €22,714 to €19,156
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€67,729
Gross operating margin
-€14,192
Staff costs
+€3,910
Depreciation
-€584
Other operating charges
-€5,012
Financial income
-€473
Financial charges
+€3,644
Taxes
+€3,558
Result 2026
€58,581
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€194,095
Investment
-€29,490
Financing
-€120,250
Cash 2025
€91,866
From operations (derived)
+€194,095
Net result for the year
+€58,581
Depreciation
+€54,880
Receivables within one year
+€78,332
Deferred charges and accrued income
-€2,840
Trade debts
+€4,299
Tax, wage and social debts
-€2,445
Advances received
+€645
Other debts
+€5,025
Accrued charges and deferred income
-€2,381
Investment (derived)
-€29,490
Investment in fixed assets (net)
-€29,490
Financing
-€120,250
Debts after one year
-€72,269
Current portion of long-term debt
+€10,019
Contributions, distributions and other
-€58,000
Cash 2026
€136,221
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,847,057 | €1,790,531 | -€56,527 | -3.1% |
| Fixed assets | 21/28 | €1,660,604 | €1,635,214 | -€25,390 | -1.5% |
| Intangible fixed assets | 21 | €28,750 | €13,750 | -€15,000 | -52.2% |
| Tangible fixed assets | 22/27 | €1,631,854 | €1,621,464 | -€10,390 | -0.6% |
| Land and buildings | 22 | €1,483,600 | €1,469,091 | -€14,509 | -1.0% |
| Plant, machinery and equipment | 23 | €148,152 | €152,373 | +€4,221 | +2.8% |
| Furniture and vehicles | 24 | €102 | €0 | -€102 | -100% |
| Current assets | 29/58 | €186,454 | €155,317 | -€31,137 | -16.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €90,868 | €12,537 | -€78,332 | -86.2% |
| Trade receivables | 40 | €18,850 | €1,260 | -€17,590 | -93.3% |
| Other amounts receivable | 41 | €72,018 | €11,276 | -€60,742 | -84.3% |
| Cash at bank and in hand | 54/58 | €91,866 | €136,221 | +€44,355 | +48.3% |
| Deferred charges and accrued income | 490/1 | €3,719 | €6,559 | +€2,840 | +76.4% |
| Total equity and liabilities | 10/49 | €1,847,057 | €1,790,531 | -€56,527 | -3.1% |
| Equity | 10/15 | €1,278,599 | €1,279,180 | +€581 | 0.0% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €12,561 | €12,561 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,561 | €12,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,038 | €16,619 | +€581 | +3.6% |
| Amounts payable | 17/49 | €568,459 | €511,351 | -€57,108 | -10.0% |
| Amounts payable after more than one year | 17 | €411,798 | €339,529 | -€72,269 | -17.5% |
| Financial debts | 170/4 | €411,798 | €339,529 | -€72,269 | -17.5% |
| Amounts payable within one year | 42/48 | €153,069 | €170,611 | +€17,542 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €62,250 | €72,269 | +€10,019 | +16.1% |
| Trade debts | 44 | €983 | €5,282 | +€4,299 | +438% |
| Suppliers | 440/4 | €983 | €5,282 | +€4,299 | +438% |
| Advances received on contracts in progress | 46 | €5,670 | €6,315 | +€645 | +11.4% |
| Taxes, remuneration and social security | 45 | €9,767 | €7,322 | -€2,445 | -25.0% |
| Taxes | 450/3 | €578 | €356 | -€223 | -38.5% |
| Remuneration and social security | 454/9 | €9,188 | €6,966 | -€2,223 | -24.2% |
| Other amounts payable | 47/48 | €74,399 | €79,424 | +€5,025 | +6.8% |
| Accrued charges and deferred income | 492/3 | €3,592 | €1,211 | -€2,381 | -66.3% |
| Remuneration, social security and pensions | 62 | €103,374 | €99,464 | -€3,910 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,296 | €54,880 | +€584 | +1.1% |
| Other operating charges | 640/8 | €6,428 | €11,440 | +€5,012 | +78.0% |
| Gross operating margin | 9900 | €269,224 | €255,032 | -€14,192 | -5.3% |
| Operating profit (loss) | 9901 | €105,126 | €89,248 | -€15,877 | -15.1% |
| Financial income | 75/76B | €890 | €417 | -€473 | -53.2% |
| Recurring financial income | 75 | €890 | €417 | -€473 | -53.2% |
| Financial charges | 65/66B | €15,572 | €11,928 | -€3,644 | -23.4% |
| Recurring financial charges | 65 | €15,572 | €11,928 | -€3,644 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €90,444 | €77,737 | -€12,706 | -14.0% |
| Income taxes | 67/77 | €22,714 | €19,156 | -€3,558 | -15.7% |
| Profit (loss) for the period | 9904 | €67,729 | €58,581 | -€9,148 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,729 | €58,581 | -€9,148 | -13.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.