VAN CLEEMPUT: 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 CLEEMPUT
Largest movements
- Stocks and contracts +€11,625
up €11,625 (+20.0%), from €58,172 to €69,798
of which Stocks: +€14,304
- Cash +€6,363
up €6,363 (+3902.8%), from €163 to €6,526
mainly Trade debts (+€29,369) and Short-term financial debts (+€7,277)
- Receivables within one year +€2,735
up €2,735 (+3.4%), from €81,120 to €83,855
of which Trade receivables: +€4,725
- Trade debts +€29,369
up €29,369 (+206.5%), from €14,221 to €43,591
- Other debts -€14,314
down €14,314 (-56.1%), from €25,534 to €11,220
- Short-term financial debts +€7,277
up €7,277 (+780.4%), from €932 to €8,209
- Current portion of long-term debt -€2,824
down €2,824 (-74.7%), from €3,781 to €956
- Financial charges +€11,008
up €11,008 (+327.0%), from €3,367 to €14,374
- Gross operating margin -€8,218
down €8,218 (-23.2%), from €35,413 to €27,195
- Other operating charges -€1,678
down €1,678 (-18.2%), from €9,200 to €7,522
- Depreciation -€694
down €694 (-10.4%), from €6,642 to €5,948
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 | €167,343 | €186,411 | +€19,068 | +11.4% |
| Fixed assets | 21/28 | €25,558 | €24,037 | -€1,521 | -6.0% |
| Tangible fixed assets | 22/27 | €25,558 | €24,037 | -€1,521 | -6.0% |
| Plant, machinery and equipment | 23 | €23,747 | €22,735 | -€1,012 | -4.3% |
| Other tangible fixed assets | 26 | €1,811 | €1,302 | -€508 | -28.1% |
| Current assets | 29/58 | €141,785 | €162,374 | +€20,589 | +14.5% |
| Stocks and contracts in progress | 3 | €58,172 | €69,798 | +€11,625 | +20.0% |
| Stocks | 30/36 | €55,494 | €69,798 | +€14,304 | +25.8% |
| Contracts in progress | 37 | €2,678 | €0 | -€2,678 | -100.0% |
| Amounts receivable within one year | 40/41 | €81,120 | €83,855 | +€2,735 | +3.4% |
| Trade receivables | 40 | €72,865 | €77,590 | +€4,725 | +6.5% |
| Other amounts receivable | 41 | €8,255 | €6,266 | -€1,990 | -24.1% |
| Cash at bank and in hand | 54/58 | €163 | €6,526 | +€6,363 | +3902.8% |
| Deferred charges and accrued income | 490/1 | €2,330 | €2,195 | -€135 | -5.8% |
| Total equity and liabilities | 10/49 | €167,343 | €186,411 | +€19,068 | +11.4% |
| Equity | 10/15 | €110,668 | €109,792 | -€875 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,782 | €111,782 | = | 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 | €7,508 | €7,508 | = | 0.0% |
| Distributable reserves | 133 | €102,414 | €102,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,314 | -€8,190 | -€875 | -12.0% |
| Amounts payable | 17/49 | €56,675 | €76,618 | +€19,943 | +35.2% |
| Amounts payable after more than one year | 17 | €956 | €0 | -€956 | -100.0% |
| Financial debts | 170/4 | €956 | €0 | -€956 | -100.0% |
| Amounts payable within one year | 42/48 | €45,315 | €65,541 | +€20,227 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €3,781 | €956 | -€2,824 | -74.7% |
| Financial debts | 43 | €932 | €8,209 | +€7,277 | +780.4% |
| Credit institutions | 430/8 | €932 | €8,209 | +€7,277 | +780.4% |
| Trade debts | 44 | €14,221 | €43,591 | +€29,369 | +206.5% |
| Suppliers | 440/4 | €14,221 | €43,591 | +€29,369 | +206.5% |
| Taxes, remuneration and social security | 45 | €846 | €1,564 | +€718 | +84.9% |
| Taxes | 450/3 | €846 | €1,564 | +€718 | +84.9% |
| Other amounts payable | 47/48 | €25,534 | €11,220 | -€14,314 | -56.1% |
| Accrued charges and deferred income | 492/3 | €10,404 | €11,077 | +€673 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,642 | €5,948 | -€694 | -10.4% |
| Other operating charges | 640/8 | €9,200 | €7,522 | -€1,678 | -18.2% |
| Gross operating margin | 9900 | €35,413 | €27,195 | -€8,218 | -23.2% |
| Operating profit (loss) | 9901 | €19,572 | €13,726 | -€5,846 | -29.9% |
| Financial income | 75/76B | €11 | €89 | +€78 | +718.8% |
| Recurring financial income | 75 | €11 | €89 | +€78 | +718.8% |
| Financial charges | 65/66B | €3,367 | €14,374 | +€11,008 | +327.0% |
| Recurring financial charges | 65 | €3,367 | €14,374 | +€11,008 | +327.0% |
| Profit (loss) for the period before taxes | 9903 | €16,216 | -€560 | -€16,775 | |
| Income taxes | 67/77 | €454 | €316 | -€138 | -30.5% |
| Profit (loss) for the period | 9904 | €15,762 | -€875 | -€16,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,762 | -€875 | -€16,637 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.