VAN BURG: 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 BURG
Largest movements
- Cash +€80,988
up €80,988 (+52.5%), from €154,172 to €235,160
mainly Net result for the year (+€47,186) and Depreciation (+€30,059)
- Tangible fixed assets -€14,678
down €14,678 (-11.4%), from €128,543 to €113,864
of which Plant, machinery and equipment: -€11,509
- Reserves +€47,186
up €47,186 (+45.4%), from €104,047 to €151,233
of which Distributable reserves: +€47,186
- Tax, wage and social debts +€21,729
up €21,729 (+75.6%), from €28,735 to €50,464
of which Taxes: +€17,834
- Gross operating margin +€52,078
up €52,078 (+30.3%), from €171,847 to €223,925
- Depreciation -€16,165
down €16,165 (-35.0%), from €46,224 to €30,059
- Taxes +€14,668
up €14,668 (+524%), from €2,797 to €17,466
- Staff costs +€11,818
up €11,818 (+11.1%), from €106,859 to €118,676
- Financial income +€2,366
up €2,366 (+69.4%), from €3,412 to €5,778
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 | €331,920 | €395,723 | +€63,803 | +19.2% |
| Fixed assets | 21/28 | €128,543 | €113,864 | -€14,678 | -11.4% |
| Tangible fixed assets | 22/27 | €128,543 | €113,864 | -€14,678 | -11.4% |
| Land and buildings | 22 | €57,206 | €59,195 | +€1,990 | +3.5% |
| Plant, machinery and equipment | 23 | €54,262 | €42,753 | -€11,509 | -21.2% |
| Furniture and vehicles | 24 | €17,075 | €11,916 | -€5,159 | -30.2% |
| Current assets | 29/58 | €203,377 | €281,858 | +€78,481 | +38.6% |
| Stocks and contracts in progress | 3 | €12,968 | €12,076 | -€892 | -6.9% |
| Stocks | 30/36 | €12,968 | €12,076 | -€892 | -6.9% |
| Amounts receivable within one year | 40/41 | €833 | €694 | -€140 | -16.7% |
| Other amounts receivable | 41 | €833 | €694 | -€140 | -16.7% |
| Current investments | 50/53 | €29,834 | €29,064 | -€770 | -2.6% |
| Cash at bank and in hand | 54/58 | €154,172 | €235,160 | +€80,988 | +52.5% |
| Deferred charges and accrued income | 490/1 | €5,570 | €4,865 | -€705 | -12.7% |
| Total equity and liabilities | 10/49 | €331,920 | €395,723 | +€63,803 | +19.2% |
| Equity | 10/15 | €253,346 | €300,803 | +€47,457 | +18.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €104,047 | €151,233 | +€47,186 | +45.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €82,847 | €130,033 | +€47,186 | +57.0% |
| Profit (loss) carried forward | 14 | €83,298 | €82,423 | -€875 | -1.1% |
| Investment grants | 15 | €4,000 | €5,146 | +€1,146 | +28.7% |
| Amounts payable | 17/49 | €78,574 | €94,920 | +€16,346 | +20.8% |
| Amounts payable after more than one year | 17 | €25,923 | €21,972 | -€3,952 | -15.2% |
| Financial debts | 170/4 | €25,923 | €21,972 | -€3,952 | -15.2% |
| Amounts payable within one year | 42/48 | €50,912 | €71,369 | +€20,456 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €7,080 | €3,599 | -€3,482 | -49.2% |
| Trade debts | 44 | €14,222 | €15,819 | +€1,596 | +11.2% |
| Suppliers | 440/4 | €14,222 | €15,819 | +€1,596 | +11.2% |
| Taxes, remuneration and social security | 45 | €28,735 | €50,464 | +€21,729 | +75.6% |
| Taxes | 450/3 | €11,338 | €29,173 | +€17,834 | +157% |
| Remuneration and social security | 454/9 | €17,396 | €21,291 | +€3,895 | +22.4% |
| Other amounts payable | 47/48 | €875 | €1,488 | +€613 | +70.0% |
| Accrued charges and deferred income | 492/3 | €1,739 | €1,580 | -€159 | -9.2% |
| Remuneration, social security and pensions | 62 | €106,859 | €118,676 | +€11,818 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,224 | €30,059 | -€16,165 | -35.0% |
| Other operating charges | 640/8 | €10,897 | €10,865 | -€32 | -0.3% |
| Gross operating margin | 9900 | €171,847 | €223,925 | +€52,078 | +30.3% |
| Operating profit (loss) | 9901 | €7,867 | €64,325 | +€56,458 | +718% |
| Financial income | 75/76B | €3,412 | €5,778 | +€2,366 | +69.4% |
| Recurring financial income | 75 | €3,412 | €5,778 | +€2,366 | +69.4% |
| Financial charges | 65/66B | €4,358 | €5,452 | +€1,094 | +25.1% |
| Recurring financial charges | 65 | €4,358 | €5,452 | +€1,094 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €6,921 | €64,652 | +€57,731 | +834% |
| Income taxes | 67/77 | €2,797 | €17,466 | +€14,668 | +524% |
| Profit (loss) for the period | 9904 | €4,123 | €47,186 | +€43,063 | +1,044% |
| Profit (loss) for the period to be appropriated | 9905 | €4,123 | €47,186 | +€43,063 | +1,044% |
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 24 October 2026 via checked.be.