Van de Ghoor: 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 de Ghoor
Largest movements
- Current investments +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Cash +€13,713
up €13,713 (+11.3%), from €121,193 to €134,906
mainly Net result for the year (+€52,374) and Tax, wage and social debts (+€5,612)
- Tangible fixed assets -€4,973
down €4,973 (-36.6%), from €13,578 to €8,605
of which Land and buildings: -€4,289
- Reserves +€52,374
up €52,374 (+18.6%), from €282,214 to €334,589
- Tax, wage and social debts +€5,612
up €5,612 (+171%), from €3,276 to €8,888
of which Taxes: +€3,775
- Gross operating margin -€17,414
down €17,414 (-17.6%), from €99,183 to €81,770
- Financial income +€3,890
new in 2025: €3,890
- Financial charges +€1,209
up €1,209 (+58.6%), from €2,062 to €3,271
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.
Derived cash bridge
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 | €287,648 | €346,700 | +€59,051 | +20.5% |
| Fixed assets | 21/28 | €13,578 | €8,605 | -€4,973 | -36.6% |
| Tangible fixed assets | 22/27 | €13,578 | €8,605 | -€4,973 | -36.6% |
| Land and buildings | 22 | €11,480 | €7,191 | -€4,289 | -37.4% |
| Furniture and vehicles | 24 | €2,098 | €1,414 | -€685 | -32.6% |
| Current assets | 29/58 | €274,070 | €338,095 | +€64,025 | +23.4% |
| Amounts receivable within one year | 40/41 | €2,468 | €2,818 | +€350 | +14.2% |
| Other amounts receivable | 41 | €2,468 | €2,818 | +€350 | +14.2% |
| Current investments | 50/53 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €121,193 | €134,906 | +€13,713 | +11.3% |
| Deferred charges and accrued income | 490/1 | €409 | €371 | -€38 | -9.4% |
| Total equity and liabilities | 10/49 | €287,648 | €346,700 | +€59,051 | +20.5% |
| Equity | 10/15 | €284,214 | €336,589 | +€52,374 | +18.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €282,214 | €334,589 | +€52,374 | +18.6% |
| Distributable reserves | 133 | €282,214 | €334,589 | +€52,374 | +18.6% |
| Amounts payable | 17/49 | €3,434 | €10,111 | +€6,677 | +194% |
| Amounts payable within one year | 42/48 | €3,434 | €10,111 | +€6,677 | +194% |
| Trade debts | 44 | €158 | €1,223 | +€1,065 | +675% |
| Suppliers | 440/4 | €158 | €1,223 | +€1,065 | +675% |
| Taxes, remuneration and social security | 45 | €3,276 | €8,888 | +€5,612 | +171% |
| Taxes | 450/3 | €3,276 | €7,052 | +€3,775 | +115% |
| Remuneration and social security | 454/9 | - | €1,837 | +€1,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,028 | €5,408 | -€619 | -10.3% |
| Other operating charges | 640/8 | €594 | €686 | +€92 | +15.4% |
| Gross operating margin | 9900 | €99,183 | €81,770 | -€17,414 | -17.6% |
| Operating profit (loss) | 9901 | €92,561 | €75,675 | -€16,886 | -18.2% |
| Financial income | 75/76B | - | €3,890 | +€3,890 | |
| Recurring financial income | 75 | - | €3,890 | +€3,890 | |
| Financial charges | 65/66B | €2,062 | €3,271 | +€1,209 | +58.6% |
| Recurring financial charges | 65 | €2,062 | €3,271 | +€1,209 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €90,500 | €76,295 | -€14,205 | -15.7% |
| Income taxes | 67/77 | €24,841 | €23,920 | -€921 | -3.7% |
| Profit (loss) for the period | 9904 | €65,658 | €52,374 | -€13,284 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,658 | €52,374 | -€13,284 | -20.2% |
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 27 October 2026 via checked.be.