VAN DAL BEHEER: 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 DAL BEHEER
Largest movements
- Receivables after one year +€75,076
new in 2025: €75,076
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€12,958
down €12,958 (-2.5%), from €513,808 to €500,851
of which Land and buildings: -€38,092
- Cash -€10,601
down €10,601 (-13.7%), from €77,276 to €66,676
mainly Investment in fixed assets (net) (-€75,875) and Receivables after one year (-€75,076)
- Stocks and contracts +€9,498
up €9,498 (+42.0%), from €22,642 to €32,140
- Reserves +€32,780
up €32,780 (+75.7%), from €43,303 to €76,083
- Debts after one year -€30,000
down €30,000 (-14.3%), from €210,000 to €180,000
- Trade debts +€14,877
up €14,877 (+131.8%), from €11,287 to €26,164
- Staff costs -€65,866
down €65,866 (-27.6%), from €238,859 to €172,993
- Gross operating margin -€22,637
down €22,637 (-6.6%), from €343,693 to €321,056
- Taxes +€9,863
up €9,863 (+179.3%), from €5,502 to €15,365
- Depreciation +€6,166
up €6,166 (+7.7%), from €80,166 to €86,332
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 | €681,171 | €694,675 | +€13,504 | +2.0% |
| Fixed assets | 21/28 | €515,908 | €505,451 | -€10,458 | -2.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €513,808 | €500,851 | -€12,958 | -2.5% |
| Land and buildings | 22 | €447,178 | €409,087 | -€38,092 | -8.5% |
| Plant, machinery and equipment | 23 | €10,687 | €20,820 | +€10,133 | +94.8% |
| Furniture and vehicles | 24 | €55,943 | €70,944 | +€15,001 | +26.8% |
| Financial fixed assets | 28 | €2,100 | €4,600 | +€2,500 | +119.0% |
| Current assets | 29/58 | €165,262 | €189,224 | +€23,962 | +14.5% |
| Amounts receivable after more than one year | 29 | - | €75,076 | +€75,076 | |
| Other amounts receivable | 291 | - | €75,076 | +€75,076 | |
| Stocks and contracts in progress | 3 | €22,642 | €32,140 | +€9,498 | +42.0% |
| Stocks | 30/36 | €22,642 | €32,140 | +€9,498 | +42.0% |
| Amounts receivable within one year | 40/41 | €12,009 | €11,160 | -€850 | -7.1% |
| Trade receivables | 40 | €8,603 | €5,326 | -€3,277 | -38.1% |
| Other amounts receivable | 41 | €3,407 | €5,834 | +€2,427 | +71.2% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €77,276 | €66,676 | -€10,601 | -13.7% |
| Deferred charges and accrued income | 490/1 | €3,335 | €4,173 | +€838 | +25.1% |
| Total equity and liabilities | 10/49 | €681,171 | €694,675 | +€13,504 | +2.0% |
| Equity | 10/15 | €380,097 | €412,877 | +€32,780 | +8.6% |
| Contributions | 10/11 | €336,794 | €336,794 | = | 0.0% |
| Reserves | 13 | €43,303 | €76,083 | +€32,780 | +75.7% |
| Distributable reserves | 133 | €43,303 | €76,083 | +€32,780 | +75.7% |
| Amounts payable | 17/49 | €301,074 | €281,798 | -€19,276 | -6.4% |
| Amounts payable after more than one year | 17 | €210,000 | €180,000 | -€30,000 | -14.3% |
| Financial debts | 170/4 | €210,000 | €180,000 | -€30,000 | -14.3% |
| Amounts payable within one year | 42/48 | €91,074 | €101,798 | +€10,724 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €11,287 | €26,164 | +€14,877 | +131.8% |
| Suppliers | 440/4 | €11,287 | €26,164 | +€14,877 | +131.8% |
| Advances received on contracts in progress | 46 | €469 | - | -€469 | |
| Taxes, remuneration and social security | 45 | €49,318 | €45,634 | -€3,684 | -7.5% |
| Taxes | 450/3 | €33,521 | €40,545 | +€7,024 | +21.0% |
| Remuneration and social security | 454/9 | €15,797 | €5,089 | -€10,708 | -67.8% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €238,859 | €172,993 | -€65,866 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,166 | €86,332 | +€6,166 | +7.7% |
| Other operating charges | 640/8 | €4,791 | €7,747 | +€2,956 | +61.7% |
| Non-recurring operating charges | 66A | €463 | €1,246 | +€782 | +168.8% |
| Gross operating margin | 9900 | €343,693 | €321,056 | -€22,637 | -6.6% |
| Operating profit (loss) | 9901 | €19,414 | €52,739 | +€33,325 | +171.7% |
| Financial income | 75/76B | €1,592 | €1,201 | -€391 | -24.6% |
| Recurring financial income | 75 | €1,592 | €1,201 | -€391 | -24.6% |
| Financial charges | 65/66B | €6,159 | €5,794 | -€364 | -5.9% |
| Recurring financial charges | 65 | €6,159 | €5,794 | -€364 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €14,847 | €48,145 | +€33,298 | +224.3% |
| Income taxes | 67/77 | €5,502 | €15,365 | +€9,863 | +179.3% |
| Profit (loss) for the period | 9904 | €9,345 | €32,780 | +€23,435 | +250.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,345 | €32,780 | +€23,435 | +250.8% |
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.