VAN DAU: 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 DAU
Largest movements
- Cash +€30,079
up €30,079 (+29.9%), from €100,503 to €130,582
mainly Depreciation (+€61,394) and Trade debts (+€14,799)
- Tangible fixed assets -€22,066
down €22,066 (-2.1%), from €1.1m to €1.0m
of which Land and buildings: -€37,900
- Debts after one year -€24,812
down €24,812 (-14.5%), from €170,710 to €145,897
- Trade debts +€14,799
up €14,799 (+1156.8%), from €1,279 to €16,078
- Gross operating margin -€17,297
down €17,297 (-16.3%), from €105,988 to €88,691
- Taxes -€2,255
down €2,255, from €286 to -€1,970
- Depreciation +€2,240
up €2,240 (+3.8%), from €59,154 to €61,394
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 | €1,191,028 | €1,190,833 | -€195 | 0.0% |
| Fixed assets | 21/28 | €1,072,590 | €1,049,530 | -€23,060 | -2.1% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,067,971 | €1,045,905 | -€22,066 | -2.1% |
| Land and buildings | 22 | €1,067,971 | €1,030,072 | -€37,900 | -3.5% |
| Plant, machinery and equipment | 23 | - | €15,833 | +€15,833 | |
| Financial fixed assets | 28 | €1,618 | €1,625 | +€6 | +0.4% |
| Current assets | 29/58 | €118,438 | €141,303 | +€22,865 | +19.3% |
| Amounts receivable within one year | 40/41 | €9,176 | €7,670 | -€1,506 | -16.4% |
| Trade receivables | 40 | €4,461 | €265 | -€4,196 | -94.1% |
| Other amounts receivable | 41 | €4,714 | €7,405 | +€2,690 | +57.1% |
| Cash at bank and in hand | 54/58 | €100,503 | €130,582 | +€30,079 | +29.9% |
| Deferred charges and accrued income | 490/1 | €8,759 | €3,051 | -€5,708 | -65.2% |
| Total equity and liabilities | 10/49 | €1,191,028 | €1,190,833 | -€195 | 0.0% |
| Equity | 10/15 | €976,998 | €986,952 | +€9,954 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €908,798 | €918,752 | +€9,954 | +1.1% |
| Amounts payable | 17/49 | €214,029 | €203,881 | -€10,149 | -4.7% |
| Amounts payable after more than one year | 17 | €170,710 | €145,897 | -€24,812 | -14.5% |
| Financial debts | 170/4 | €170,710 | €145,897 | -€24,812 | -14.5% |
| Amounts payable within one year | 42/48 | €39,630 | €51,044 | +€11,414 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €35,468 | €24,812 | -€10,656 | -30.0% |
| Trade debts | 44 | €1,279 | €16,078 | +€14,799 | +1156.8% |
| Suppliers | 440/4 | €1,279 | €16,078 | +€14,799 | +1156.8% |
| Taxes, remuneration and social security | 45 | €340 | €6,854 | +€6,514 | +1914.1% |
| Taxes | 450/3 | €340 | €6,854 | +€6,514 | +1914.1% |
| Other amounts payable | 47/48 | €2,542 | €3,300 | +€758 | +29.8% |
| Accrued charges and deferred income | 492/3 | €3,690 | €6,939 | +€3,250 | +88.1% |
| Non-recurring operating income | 76A | €2,400 | €32,538 | +€30,138 | +1255.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,154 | €61,394 | +€2,240 | +3.8% |
| Other operating charges | 640/8 | €13,063 | €13,123 | +€60 | +0.5% |
| Non-recurring operating charges | 66A | - | €218 | +€218 | |
| Gross operating margin | 9900 | €105,988 | €88,691 | -€17,297 | -16.3% |
| Operating profit (loss) | 9901 | €33,771 | €13,956 | -€19,815 | -58.7% |
| Financial income | 75/76B | €5 | €6 | +€1 | +24.1% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +24.1% |
| Financial charges | 65/66B | €6,920 | €5,978 | -€942 | -13.6% |
| Recurring financial charges | 65 | €6,920 | €5,978 | -€942 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €26,856 | €7,984 | -€18,871 | -70.3% |
| Income taxes | 67/77 | €286 | -€1,970 | -€2,255 | |
| Profit (loss) for the period | 9904 | €26,570 | €9,954 | -€16,616 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,570 | €9,954 | -€16,616 | -62.5% |
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 30 September 2026 via checked.be.