VAN CLEVEN: 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.
What changed
VAN CLEVEN
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €912,064+€1.2m
Equity
€3.0m
2024 · €1.8m+€1.2m
Cash
€420,323
2024 · €153,044+€267,279
Balance sheet total
€5.1m
2024 · €5.0m+€48,093
Largest movements
Assets
- Receivables within one year -€1.1m
down €1.1m (-52.0%), from €2.1m to €1.0m
of which Trade receivables: -€1.3m
- Current investments +€898,605
up €898,605 (+38.2%), from €2.3m to €3.2m
- Cash +€267,279
up €267,279 (+174.6%), from €153,044 to €420,323
mainly Net result for the year (+€2.1m) and Receivables within one year (+€1.1m)
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+86.7%), from €1.4m to €2.6m
of which Distributable reserves: +€1.2m
- Other debts -€737,500
down €737,500 (-88.1%), from €837,500 to €100,000
- Advances received -€677,153
down €677,153 (-35.1%), from €1.9m to €1.3m
- Trade debts +€227,522
up €227,522 (+137.6%), from €165,336 to €392,858
Income statement
- Gross operating margin +€1.6m
up €1.6m (+52.5%), from €3.0m to €4.5m
- Taxes +€379,327
up €379,327 (+132.0%), from €287,407 to €666,734
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.
Result 2024
€912,064
Gross operating margin
+€1.6m
Staff costs
+€3,569
Depreciation
+€31,626
Provisions
-€18,439
Other operating charges
-€3,493
Other operating items
+€1,546
Financial income
-€43,671
Financial charges
-€450
Taxes
-€379,327
Result 2025
€2.1m
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.
From operations
+€2.1m
Investment
-€993,061
Financing
-€850,000
Cash 2024
€153,044
From operations (derived)
+€2.1m
Net result for the year
+€2.1m
Depreciation
+€79,137
Stocks and contracts
+€23,566
Receivables within one year
+€1.1m
Smaller working-capital items
+€4,865
Provisions
+€33,996
Trade debts
+€227,522
Tax, wage and social debts
-€11,034
Advances received
-€677,153
Other debts
-€737,500
Investment (derived)
-€993,061
Investment in fixed assets (net)
-€94,456
Current investments
-€898,605
Financing
-€850,000
Contributions, distributions and other
-€850,000
Cash 2025
€420,323
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,013,621 | €5,061,714 | +€48,093 | +1.0% |
| Fixed assets | 21/28 | €159,195 | €174,515 | +€15,319 | +9.6% |
| Tangible fixed assets | 22/27 | €156,193 | €171,525 | +€15,331 | +9.8% |
| Plant, machinery and equipment | 23 | €21,024 | €17,345 | -€3,678 | -17.5% |
| Furniture and vehicles | 24 | €109,395 | €140,238 | +€30,843 | +28.2% |
| Other tangible fixed assets | 26 | €25,774 | €13,941 | -€11,833 | -45.9% |
| Financial fixed assets | 28 | €3,002 | €2,990 | -€12 | -0.4% |
| Current assets | 29/58 | €4,854,426 | €4,887,199 | +€32,774 | +0.7% |
| Stocks and contracts in progress | 3 | €213,393 | €189,826 | -€23,566 | -11.0% |
| Stocks | 30/36 | €172,612 | €130,640 | -€41,972 | -24.3% |
| Contracts in progress | 37 | €40,781 | €59,186 | +€18,406 | +45.1% |
| Amounts receivable within one year | 40/41 | €2,124,879 | €1,020,226 | -€1.1m | -52.0% |
| Trade receivables | 40 | €2,056,048 | €751,654 | -€1.3m | -63.4% |
| Other amounts receivable | 41 | €68,831 | €268,572 | +€199,741 | +290.2% |
| Current investments | 50/53 | €2,349,782 | €3,248,387 | +€898,605 | +38.2% |
| Cash at bank and in hand | 54/58 | €153,044 | €420,323 | +€267,279 | +174.6% |
| Deferred charges and accrued income | 490/1 | €13,329 | €8,437 | -€4,891 | -36.7% |
| Total equity and liabilities | 10/49 | €5,013,621 | €5,061,714 | +€48,093 | +1.0% |
| Equity | 10/15 | €1,758,413 | €2,970,701 | +€1.2m | +68.9% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Capital | 10 | €360,000 | €360,000 | = | 0.0% |
| Issued capital | 100 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €1,398,413 | €2,610,701 | +€1.2m | +86.7% |
| Non-distributable reserves | 130/1 | €54,562 | €54,562 | = | 0.0% |
| Legal reserve | 130 | €54,537 | €54,537 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26 | €26 | = | 0.0% |
| Distributable reserves | 133 | €1,343,851 | €2,556,139 | +€1.2m | +90.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €136,040 | €170,036 | +€33,996 | +25.0% |
| Provisions for liabilities and charges | 160/5 | €136,040 | €170,036 | +€33,996 | +25.0% |
| Other liabilities and charges | 164/5 | €136,040 | €170,036 | +€33,996 | +25.0% |
| Amounts payable | 17/49 | €3,119,168 | €1,920,977 | -€1.2m | -38.4% |
| Amounts payable within one year | 42/48 | €3,118,946 | €1,920,780 | -€1.2m | -38.4% |
| Trade debts | 44 | €165,336 | €392,858 | +€227,522 | +137.6% |
| Suppliers | 440/4 | €165,336 | €392,858 | +€227,522 | +137.6% |
| Advances received on contracts in progress | 46 | €1,930,990 | €1,253,838 | -€677,153 | -35.1% |
| Taxes, remuneration and social security | 45 | €185,119 | €174,085 | -€11,034 | -6.0% |
| Taxes | 450/3 | €6,893 | €8,381 | +€1,489 | +21.6% |
| Remuneration and social security | 454/9 | €178,227 | €165,703 | -€12,523 | -7.0% |
| Other amounts payable | 47/48 | €837,500 | €100,000 | -€737,500 | -88.1% |
| Accrued charges and deferred income | 492/3 | €222 | €196 | -€26 | -11.7% |
| Non-recurring operating income | 76A | €1,653 | €2,000 | +€347 | +21.0% |
| Remuneration, social security and pensions | 62 | €1,705,898 | €1,702,329 | -€3,569 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,763 | €79,137 | -€31,626 | -28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,558 | €33,996 | +€18,439 | +118.5% |
| Other operating charges | 640/8 | €4,208 | €7,701 | +€3,493 | +83.0% |
| Non-recurring operating charges | 66A | €1,546 | €0 | -€1,546 | -100.0% |
| Gross operating margin | 9900 | €2,967,889 | €4,526,750 | +€1.6m | +52.5% |
| Operating profit (loss) | 9901 | €1,129,916 | €2,703,586 | +€1.6m | +139.3% |
| Financial income | 75/76B | €71,506 | €27,836 | -€43,671 | -61.1% |
| Recurring financial income | 75 | €71,506 | €27,836 | -€43,671 | -61.1% |
| Financial charges | 65/66B | €1,950 | €2,400 | +€450 | +23.1% |
| Recurring financial charges | 65 | €1,950 | €2,400 | +€450 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €1,199,472 | €2,729,022 | +€1.5m | +127.5% |
| Income taxes | 67/77 | €287,407 | €666,734 | +€379,327 | +132.0% |
| Profit (loss) for the period | 9904 | €912,064 | €2,062,288 | +€1.2m | +126.1% |
| Profit (loss) for the period to be appropriated | 9905 | €912,064 | €2,062,288 | +€1.2m | +126.1% |
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 10 October 2026 via checked.be.