VAN CAMPENHOUDT: 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 CAMPENHOUDT
Largest movements
- Receivables within one year +€16,395
up €16,395 (+35.7%), from €45,973 to €62,368
of which Trade receivables: +€16,072
- Tangible fixed assets -€13,562
down €13,562 (-39.0%), from €34,817 to €21,255
of which Furniture and vehicles: -€7,575
- Deferred charges and accrued income +€3,784
up €3,784 (+58.6%), from €6,460 to €10,243
- Cash +€3,089
up €3,089 (+53.6%), from €5,768 to €8,857
mainly Net result for the year (+€37,567) and Depreciation (+€10,636)
- Profit (loss) carried forward +€37,567
up €37,567 (+38.0%), from -€98,971 to -€61,403
- Debts after one year -€21,230
down €21,230 (-50.3%), from €42,207 to €20,977
- Accrued charges and deferred income -€6,560
down €6,560 (-80.6%), from €8,135 to €1,575
- Tax, wage and social debts +€2,763
up €2,763 (+65.7%), from €4,203 to €6,966
of which Remuneration and social security: +€2,693
- Trade debts -€2,753
no longer reported in 2024 (was €2,753)
- Gross operating margin +€39,743
up €39,743 (+53.0%), from €74,992 to €114,734
- Staff costs -€14,037
down €14,037 (-17.8%), from €78,783 to €64,746
- Depreciation -€1,415
down €1,415 (-11.7%), from €12,051 to €10,636
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,528 | €124,233 | +€9,705 | +8.5% |
| Fixed assets | 21/28 | €34,817 | €21,255 | -€13,562 | -39.0% |
| Tangible fixed assets | 22/27 | €34,817 | €21,255 | -€13,562 | -39.0% |
| Plant, machinery and equipment | 23 | €994 | - | -€994 | |
| Furniture and vehicles | 24 | €19,198 | €11,624 | -€7,575 | -39.5% |
| Leasing and similar rights | 25 | €14,625 | €9,631 | -€4,993 | -34.1% |
| Current assets | 29/58 | €79,711 | €102,978 | +€23,267 | +29.2% |
| Stocks and contracts in progress | 3 | €21,510 | €21,510 | = | 0.0% |
| Stocks | 30/36 | €6,510 | €6,510 | = | 0.0% |
| Contracts in progress | 37 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,973 | €62,368 | +€16,395 | +35.7% |
| Trade receivables | 40 | €44,581 | €60,653 | +€16,072 | +36.1% |
| Other amounts receivable | 41 | €1,392 | €1,714 | +€322 | +23.1% |
| Cash at bank and in hand | 54/58 | €5,768 | €8,857 | +€3,089 | +53.6% |
| Deferred charges and accrued income | 490/1 | €6,460 | €10,243 | +€3,784 | +58.6% |
| Total equity and liabilities | 10/49 | €114,528 | €124,233 | +€9,705 | +8.5% |
| Equity | 10/15 | €52,154 | €89,721 | +€37,567 | +72.0% |
| Contributions | 10/11 | €141,205 | €141,205 | = | 0.0% |
| Contributions outside capital | 11 | €141,205 | €141,205 | = | 0.0% |
| Other | 1109/19 | €141,205 | €141,205 | = | 0.0% |
| Reserves | 13 | €9,920 | €9,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,290 | €6,290 | = | 0.0% |
| Distributable reserves | 133 | €1,769 | €1,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,971 | -€61,403 | +€37,567 | +38.0% |
| Amounts payable | 17/49 | €62,373 | €34,512 | -€27,862 | -44.7% |
| Amounts payable after more than one year | 17 | €42,207 | €20,977 | -€21,230 | -50.3% |
| Financial debts | 170/4 | €42,207 | €20,977 | -€21,230 | -50.3% |
| Amounts payable within one year | 42/48 | €12,031 | €11,959 | -€72 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €4,993 | €4,993 | = | 0.0% |
| Trade debts | 44 | €2,753 | - | -€2,753 | |
| Suppliers | 440/4 | €2,753 | - | -€2,753 | |
| Taxes, remuneration and social security | 45 | €4,203 | €6,966 | +€2,763 | +65.7% |
| Taxes | 450/3 | €132 | €201 | +€70 | +53.0% |
| Remuneration and social security | 454/9 | €4,072 | €6,765 | +€2,693 | +66.1% |
| Other amounts payable | 47/48 | €81 | - | -€81 | |
| Accrued charges and deferred income | 492/3 | €8,135 | €1,575 | -€6,560 | -80.6% |
| Non-recurring operating income | 76A | - | €30,104 | +€30,104 | |
| Remuneration, social security and pensions | 62 | €78,783 | €64,746 | -€14,037 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,051 | €10,636 | -€1,415 | -11.7% |
| Other operating charges | 640/8 | €1,519 | €1,541 | +€22 | +1.5% |
| Gross operating margin | 9900 | €74,992 | €114,734 | +€39,743 | +53.0% |
| Operating profit (loss) | 9901 | -€17,360 | €37,812 | +€55,173 | |
| Financial income | 75/76B | €35 | €68 | +€33 | +94.1% |
| Recurring financial income | 75 | €35 | €68 | +€33 | +94.1% |
| Financial charges | 65/66B | €204 | €243 | +€39 | +19.0% |
| Recurring financial charges | 65 | €204 | €243 | +€39 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,530 | €37,637 | +€55,167 | |
| Income taxes | 67/77 | €132 | €70 | -€62 | -47.0% |
| Profit (loss) for the period | 9904 | -€17,661 | €37,567 | +€55,228 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,661 | €37,567 | +€55,228 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.