Van Cleemaert: what changed
Two fiscal 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 Cleemaert
Largest movements
- Cash -€23,158
down €23,158 (-84.3%), from €27,473 to €4,315
mainly Debts after one year (-€26,141) and Investment in fixed assets (net) (-€17,101)
- Tangible fixed assets -€19,435
down €19,435 (-6.0%), from €326,005 to €306,571
of which Furniture and vehicles: -€12,427
- Current investments +€14,517
new in 2025: €14,517
- Receivables within one year +€4,170
up €4,170 (+125984.9%), from €3 to €4,173
of which Other amounts receivable: +€2,858
- Debts after one year -€26,141
down €26,141 (-9.6%), from €272,474 to €246,333
- Other debts -€6,226
down €6,226 (-93.1%), from €6,685 to €459
- Current portion of long-term debt +€5,666
up €5,666 (+22.5%), from €25,185 to €30,850
- Gross operating margin -€2,656
down €2,656 (-4.5%), from €58,715 to €56,059
- Depreciation +€1,516
up €1,516 (+4.3%), from €35,020 to €36,536
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.
Cash bridge derived
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 | €359,337 | €335,814 | -€23,523 | -6.5% |
| Fixed assets | 21/28 | €326,225 | €306,791 | -€19,435 | -6.0% |
| Tangible fixed assets | 22/27 | €326,005 | €306,571 | -€19,435 | -6.0% |
| Land and buildings | 22 | €276,926 | €274,047 | -€2,879 | -1.0% |
| Plant, machinery and equipment | 23 | €7,792 | €3,663 | -€4,129 | -53.0% |
| Furniture and vehicles | 24 | €41,288 | €28,860 | -€12,427 | -30.1% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €33,112 | €29,024 | -€4,088 | -12.3% |
| Stocks and contracts in progress | 3 | €2,903 | €4,182 | +€1,279 | +44.0% |
| Stocks | 30/36 | €2,903 | €4,182 | +€1,279 | +44.0% |
| Amounts receivable within one year | 40/41 | €3 | €4,173 | +€4,170 | +125984.9% |
| Trade receivables | 40 | - | €1,313 | +€1,313 | |
| Other amounts receivable | 41 | €3 | €2,861 | +€2,858 | +86329.3% |
| Current investments | 50/53 | - | €14,517 | +€14,517 | |
| Cash at bank and in hand | 54/58 | €27,473 | €4,315 | -€23,158 | -84.3% |
| Deferred charges and accrued income | 490/1 | €2,732 | €1,837 | -€895 | -32.8% |
| Total equity and liabilities | 10/49 | €359,337 | €335,814 | -€23,523 | -6.5% |
| Equity | 10/15 | €50,789 | €53,515 | +€2,726 | +5.4% |
| Contributions | 10/11 | €36,200 | €36,200 | = | 0.0% |
| Reserves | 13 | €15,408 | €17,315 | +€1,907 | +12.4% |
| Distributable reserves | 133 | €15,408 | €17,315 | +€1,907 | +12.4% |
| Profit (loss) carried forward | 14 | -€819 | €0 | +€819 | |
| Amounts payable | 17/49 | €308,548 | €282,299 | -€26,249 | -8.5% |
| Amounts payable after more than one year | 17 | €272,474 | €246,333 | -€26,141 | -9.6% |
| Financial debts | 170/4 | €272,474 | €246,333 | -€26,141 | -9.6% |
| Amounts payable within one year | 42/48 | €33,948 | €34,286 | +€338 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €25,185 | €30,850 | +€5,666 | +22.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,542 | €1,083 | -€460 | -29.8% |
| Suppliers | 440/4 | €1,542 | €1,083 | -€460 | -29.8% |
| Taxes, remuneration and social security | 45 | €535 | €1,893 | +€1,358 | +253.9% |
| Taxes | 450/3 | €535 | €1,893 | +€1,358 | +253.9% |
| Other amounts payable | 47/48 | €6,685 | €459 | -€6,226 | -93.1% |
| Accrued charges and deferred income | 492/3 | €2,126 | €1,680 | -€446 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,020 | €36,536 | +€1,516 | +4.3% |
| Other operating charges | 640/8 | €3,176 | €2,865 | -€311 | -9.8% |
| Non-recurring operating charges | 66A | - | €561 | +€561 | |
| Gross operating margin | 9900 | €58,715 | €56,059 | -€2,656 | -4.5% |
| Operating profit (loss) | 9901 | €20,519 | €16,097 | -€4,422 | -21.6% |
| Financial income | 75/76B | €49 | €96 | +€47 | +95.9% |
| Recurring financial income | 75 | €49 | €96 | +€47 | +95.9% |
| Financial charges | 65/66B | €11,897 | €11,587 | -€309 | -2.6% |
| Recurring financial charges | 65 | €11,897 | €11,587 | -€309 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €8,672 | €4,605 | -€4,066 | -46.9% |
| Income taxes | 67/77 | €1,749 | €1,879 | +€130 | +7.4% |
| Profit (loss) for the period | 9904 | €6,922 | €2,726 | -€4,196 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €2,726 | -€4,196 | -60.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.