Van Caekenberghe & Co: 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 Caekenberghe & Co
Largest movements
- Current investments -€85,799
down €85,799 (-44.4%), from €193,284 to €107,485
- Receivables within one year -€13,864
down €13,864 (-22.6%), from €61,306 to €47,442
- Tangible fixed assets -€11,155
down €11,155 (-3.0%), from €373,595 to €362,440
of which Land and buildings: -€13,350
- Short-term financial debts -€96,632
down €96,632 (-88.4%), from €109,264 to €12,633
- Debts after one year -€94,667
down €94,667 (-94.2%), from €100,474 to €5,808
- Reserves +€75,185
up €75,185 (+22.2%), from €337,923 to €413,108
of which Distributable reserves: +€75,185
- Current portion of long-term debt -€10,055
down €10,055 (-64.0%), from €15,700 to €5,645
- Profit (loss) carried forward +€8,516
up €8,516 (+18.4%), from €46,277 to €54,793
- Financial income +€11,446
up €11,446 (+12,875%), from €89 to €11,535
- Taxes +€11,123
up €11,123 (+19.4%), from €57,401 to €68,524
- Financial charges +€7,903
up €7,903 (+242%), from €3,266 to €11,169
of which Financial charges: +€5,903
- Gross operating margin +€4,025
up €4,025 (+1.6%), from €251,731 to €255,756
- Depreciation +€3,068
up €3,068 (+11.6%), from €26,381 to €29,449
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 | €749,614 | €637,213 | -€112,401 | -15.0% |
| Fixed assets | 21/28 | €472,895 | €461,740 | -€11,155 | -2.4% |
| Tangible fixed assets | 22/27 | €373,595 | €362,440 | -€11,155 | -3.0% |
| Land and buildings | 22 | €336,761 | €323,410 | -€13,350 | -4.0% |
| Plant, machinery and equipment | 23 | €20,453 | €14,753 | -€5,700 | -27.9% |
| Furniture and vehicles | 24 | €16,381 | €24,277 | +€7,895 | +48.2% |
| Financial fixed assets | 28 | €99,300 | €99,300 | = | 0.0% |
| Current assets | 29/58 | €276,719 | €175,473 | -€101,246 | -36.6% |
| Amounts receivable within one year | 40/41 | €61,306 | €47,442 | -€13,864 | -22.6% |
| Trade receivables | 40 | €61,306 | €47,442 | -€13,864 | -22.6% |
| Current investments | 50/53 | €193,284 | €107,485 | -€85,799 | -44.4% |
| Cash at bank and in hand | 54/58 | €19,811 | €19,697 | -€114 | -0.6% |
| Deferred charges and accrued income | 490/1 | €2,318 | €849 | -€1,469 | -63.4% |
| Total equity and liabilities | 10/49 | €749,614 | €637,213 | -€112,401 | -15.0% |
| Equity | 10/15 | €408,990 | €492,690 | +€83,701 | +20.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €337,923 | €413,108 | +€75,185 | +22.2% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,129 | €14,129 | = | 0.0% |
| Distributable reserves | 133 | €321,315 | €396,500 | +€75,185 | +23.4% |
| Profit (loss) carried forward | 14 | €46,277 | €54,793 | +€8,516 | +18.4% |
| Amounts payable | 17/49 | €340,625 | €144,523 | -€196,102 | -57.6% |
| Amounts payable after more than one year | 17 | €100,474 | €5,808 | -€94,667 | -94.2% |
| Financial debts | 170/4 | €100,474 | €5,808 | -€94,667 | -94.2% |
| Amounts payable within one year | 42/48 | €240,150 | €138,715 | -€101,435 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €15,700 | €5,645 | -€10,055 | -64.0% |
| Financial debts | 43 | €109,264 | €12,633 | -€96,632 | -88.4% |
| Credit institutions | 430/8 | €109,264 | €12,633 | -€96,632 | -88.4% |
| Trade debts | 44 | €6,706 | €1,375 | -€5,331 | -79.5% |
| Suppliers | 440/4 | €6,706 | €1,375 | -€5,331 | -79.5% |
| Taxes, remuneration and social security | 45 | €17,554 | €22,332 | +€4,779 | +27.2% |
| Taxes | 450/3 | €17,554 | €22,332 | +€4,779 | +27.2% |
| Other amounts payable | 47/48 | €90,927 | €96,730 | +€5,803 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,381 | €29,449 | +€3,068 | +11.6% |
| Other operating charges | 640/8 | €4,187 | €4,448 | +€261 | +6.2% |
| Non-recurring operating charges | 66A | €47,398 | - | -€47,398 | |
| Gross operating margin | 9900 | €251,731 | €255,756 | +€4,025 | +1.6% |
| Operating profit (loss) | 9901 | €173,766 | €221,859 | +€48,093 | +27.7% |
| Financial income | 75/76B | €89 | €11,535 | +€11,446 | +12,875% |
| Recurring financial income | 75 | €89 | €11,535 | +€11,446 | +12,875% |
| Financial charges | 65/66B | €3,266 | €11,169 | +€7,903 | +242% |
| Recurring financial charges | 65 | €3,266 | €9,169 | +€5,903 | +181% |
| Non-recurring financial charges | 66B | - | €2,000 | +€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €170,588 | €222,225 | +€51,636 | +30.3% |
| Income taxes | 67/77 | €57,401 | €68,524 | +€11,123 | +19.4% |
| Profit (loss) for the period | 9904 | €113,188 | €153,701 | +€40,513 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,188 | €153,701 | +€40,513 | +35.8% |
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 21 October 2026 via checked.be.