VAN COUTER: 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 COUTER
Largest movements
- Cash -€52,342
down €52,342 (-20.0%), from €261,138 to €208,796
mainly Other debts (-€44,014) and Tax, wage and social debts (-€15,314)
- Tangible fixed assets -€8,133
down €8,133 (-32.1%), from €25,323 to €17,190
of which Furniture and vehicles: -€5,857
- Receivables within one year -€4,629
down €4,629 (-39.4%), from €11,761 to €7,132
of which Trade receivables: -€3,616
- Other debts -€44,014
down €44,014 (-91.2%), from €48,258 to €4,244
- Tax, wage and social debts -€15,314
down €15,314 (-99.1%), from €15,452 to €138
of which Taxes: -€12,682
- Profit (loss) carried forward -€6,640
down €6,640 (-7.2%), from €91,662 to €85,023
- Gross operating margin -€60,039
down €60,039 (-93.1%), from €64,469 to €4,430
- Taxes -€14,448
down €14,448 (-100.0%), from €14,448 to €0
- Financial charges -€1,036
down €1,036 (-55.4%), from €1,869 to €833
- Depreciation -€1,011
down €1,011 (-12.1%), from €8,343 to €7,332
- Other operating charges -€706
down €706 (-41.8%), from €1,688 to €982
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 | €299,893 | €234,562 | -€65,332 | -21.8% |
| Fixed assets | 21/28 | €26,994 | €17,190 | -€9,804 | -36.3% |
| Tangible fixed assets | 22/27 | €25,323 | €17,190 | -€8,133 | -32.1% |
| Land and buildings | 22 | €1,922 | €0 | -€1,922 | -100.0% |
| Plant, machinery and equipment | 23 | €1,310 | €956 | -€354 | -27.0% |
| Furniture and vehicles | 24 | €22,091 | €16,234 | -€5,857 | -26.5% |
| Financial fixed assets | 28 | €1,671 | €0 | -€1,671 | -100.0% |
| Current assets | 29/58 | €272,899 | €217,371 | -€55,528 | -20.3% |
| Amounts receivable within one year | 40/41 | €11,761 | €7,132 | -€4,629 | -39.4% |
| Trade receivables | 40 | €10,748 | €7,132 | -€3,616 | -33.6% |
| Other amounts receivable | 41 | €1,013 | €0 | -€1,013 | -100.0% |
| Cash at bank and in hand | 54/58 | €261,138 | €208,796 | -€52,342 | -20.0% |
| Deferred charges and accrued income | 490/1 | - | €1,443 | +€1,443 | |
| Total equity and liabilities | 10/49 | €299,893 | €234,562 | -€65,332 | -21.8% |
| Equity | 10/15 | €229,011 | €222,371 | -€6,640 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,748 | €118,748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €118,748 | €118,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,662 | €85,023 | -€6,640 | -7.2% |
| Amounts payable | 17/49 | €70,883 | €12,190 | -€58,692 | -82.8% |
| Amounts payable within one year | 42/48 | €70,883 | €11,541 | -€59,342 | -83.7% |
| Trade debts | 44 | €7,172 | €7,159 | -€14 | -0.2% |
| Suppliers | 440/4 | €7,172 | €7,159 | -€14 | -0.2% |
| Taxes, remuneration and social security | 45 | €15,452 | €138 | -€15,314 | -99.1% |
| Taxes | 450/3 | €12,820 | €138 | -€12,682 | -98.9% |
| Remuneration and social security | 454/9 | €2,632 | €0 | -€2,632 | -100.0% |
| Other amounts payable | 47/48 | €48,258 | €4,244 | -€44,014 | -91.2% |
| Accrued charges and deferred income | 492/3 | €0 | €649 | +€649 | |
| Remuneration, social security and pensions | 62 | €118 | €0 | -€118 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,343 | €7,332 | -€1,011 | -12.1% |
| Other operating charges | 640/8 | €1,688 | €982 | -€706 | -41.8% |
| Non-recurring operating charges | 66A | - | €1,922 | +€1,922 | |
| Gross operating margin | 9900 | €64,469 | €4,430 | -€60,039 | -93.1% |
| Operating profit (loss) | 9901 | €54,319 | -€5,807 | -€60,126 | |
| Financial income | 75/76B | €93 | €0 | -€93 | -100.0% |
| Recurring financial income | 75 | €93 | €0 | -€93 | -100.0% |
| Financial charges | 65/66B | €1,869 | €833 | -€1,036 | -55.4% |
| Recurring financial charges | 65 | €1,869 | €833 | -€1,036 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €52,543 | -€6,640 | -€59,183 | |
| Income taxes | 67/77 | €14,448 | €0 | -€14,448 | -100.0% |
| Profit (loss) for the period | 9904 | €38,095 | -€6,640 | -€44,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,095 | -€6,640 | -€44,735 |
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.