VAN CAMP: 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 CAMP
Largest movements
- Cash -€18,823
down €18,823 (-26.1%), from €72,198 to €53,375
mainly Trade debts (-€21,512) and Receivables within one year (-€10,923)
- Receivables within one year +€10,923
up €10,923 (+9.0%), from €120,737 to €131,660
of which Trade receivables: +€8,092
- Stocks and contracts -€3,445
down €3,445 (-10.3%), from €33,540 to €30,095
- Tangible fixed assets -€2,800
down €2,800 (-38.6%), from €7,262 to €4,462
of which Plant, machinery and equipment: -€2,249
- Trade debts -€21,512
down €21,512 (-47.4%), from €45,342 to €23,830
- Reserves +€11,321
up €11,321 (+10.8%), from €104,579 to €115,901
of which Distributable reserves: +€11,321
- Tax, wage and social debts -€3,278
down €3,278 (-22.3%), from €14,684 to €11,405
of which Taxes: -€2,764
- Gross operating margin -€8,793
down €8,793 (-10.1%), from €87,283 to €78,490
- Taxes -€2,740
down €2,740 (-38.4%), from €7,141 to €4,401
- Other operating charges -€1,527
down €1,527 (-50.0%), from €3,055 to €1,528
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 | €245,152 | €231,634 | -€13,518 | -5.5% |
| Fixed assets | 21/28 | €13,048 | €10,248 | -€2,800 | -21.5% |
| Tangible fixed assets | 22/27 | €7,262 | €4,462 | -€2,800 | -38.6% |
| Plant, machinery and equipment | 23 | €4,270 | €2,021 | -€2,249 | -52.7% |
| Furniture and vehicles | 24 | €2,993 | €2,441 | -€551 | -18.4% |
| Financial fixed assets | 28 | €5,786 | €5,786 | = | 0.0% |
| Current assets | 29/58 | €232,103 | €221,386 | -€10,717 | -4.6% |
| Stocks and contracts in progress | 3 | €33,540 | €30,095 | -€3,445 | -10.3% |
| Stocks | 30/36 | €33,540 | €30,095 | -€3,445 | -10.3% |
| Amounts receivable within one year | 40/41 | €120,737 | €131,660 | +€10,923 | +9.0% |
| Trade receivables | 40 | €117,028 | €125,119 | +€8,092 | +6.9% |
| Other amounts receivable | 41 | €3,709 | €6,540 | +€2,832 | +76.3% |
| Cash at bank and in hand | 54/58 | €72,198 | €53,375 | -€18,823 | -26.1% |
| Deferred charges and accrued income | 490/1 | €5,629 | €6,256 | +€627 | +11.1% |
| Total equity and liabilities | 10/49 | €245,152 | €231,634 | -€13,518 | -5.5% |
| Equity | 10/15 | €123,179 | €134,501 | +€11,321 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,579 | €115,901 | +€11,321 | +10.8% |
| Tax-exempt reserves | 132 | €14,350 | €14,350 | = | 0.0% |
| Distributable reserves | 133 | €90,229 | €101,551 | +€11,321 | +12.5% |
| Amounts payable | 17/49 | €121,972 | €97,133 | -€24,839 | -20.4% |
| Amounts payable within one year | 42/48 | €121,949 | €97,133 | -€24,816 | -20.3% |
| Trade debts | 44 | €45,342 | €23,830 | -€21,512 | -47.4% |
| Suppliers | 440/4 | €45,342 | €23,830 | -€21,512 | -47.4% |
| Taxes, remuneration and social security | 45 | €14,684 | €11,405 | -€3,278 | -22.3% |
| Taxes | 450/3 | €9,631 | €6,868 | -€2,764 | -28.7% |
| Remuneration and social security | 454/9 | €5,052 | €4,538 | -€515 | -10.2% |
| Other amounts payable | 47/48 | €61,923 | €61,898 | -€25 | 0.0% |
| Accrued charges and deferred income | 492/3 | €24 | €0 | -€24 | -100% |
| Remuneration, social security and pensions | 62 | €56,416 | €57,258 | +€842 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,698 | €3,543 | +€845 | +31.3% |
| Other operating charges | 640/8 | €3,055 | €1,528 | -€1,527 | -50.0% |
| Gross operating margin | 9900 | €87,283 | €78,490 | -€8,793 | -10.1% |
| Operating profit (loss) | 9901 | €25,114 | €16,160 | -€8,954 | -35.7% |
| Financial income | 75/76B | €618 | €92 | -€526 | -85.2% |
| Recurring financial income | 75 | €618 | €92 | -€526 | -85.2% |
| Financial charges | 65/66B | €421 | €529 | +€108 | +25.8% |
| Recurring financial charges | 65 | €421 | €529 | +€108 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €25,311 | €15,723 | -€9,589 | -37.9% |
| Income taxes | 67/77 | €7,141 | €4,401 | -€2,740 | -38.4% |
| Profit (loss) for the period | 9904 | €18,170 | €11,321 | -€6,849 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,170 | €11,321 | -€6,849 | -37.7% |
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 19 October 2026 via checked.be.