VAN DE POL: 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 POL
Largest movements
- Tangible fixed assets -€350,163
down €350,163 (-7.7%), from €4.5m to €4.2m
of which Land and buildings: -€300,742
- Cash +€62,947
up €62,947 (+53.6%), from €117,332 to €180,279
mainly Depreciation (+€451,480) and Other debts (+€200,049)
- Receivables within one year +€61,767
up €61,767 (+11.6%), from €530,737 to €592,504
of which Trade receivables: +€61,767
- Debts after one year -€383,367
down €383,367 (-15.7%), from €2.4m to €2.1m
of which Financial debts: -€383,367
- Other debts +€200,049
up €200,049 (+11.9%), from €1.7m to €1.9m
- Reserves -€127,286
down €127,286 (-18.6%), from €684,317 to €557,032
of which Distributable reserves: -€127,286
- Trade debts +€87,947
up €87,947 (+58.3%), from €150,845 to €238,792
- Gross operating margin +€73,464
up €73,464 (+5.1%), from €1.4m to €1.5m
- Staff costs +€32,831
up €32,831 (+3.8%), from €874,584 to €907,415
- Financial charges -€24,982
down €24,982 (-14.1%), from €177,033 to €152,051
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,695,635 | €5,470,752 | -€224,882 | -3.9% |
| Fixed assets | 21/28 | €5,028,534 | €4,678,370 | -€350,163 | -7.0% |
| Tangible fixed assets | 22/27 | €4,546,379 | €4,196,216 | -€350,163 | -7.7% |
| Land and buildings | 22 | €4,049,297 | €3,748,555 | -€300,742 | -7.4% |
| Plant, machinery and equipment | 23 | €413,836 | €369,971 | -€43,865 | -10.6% |
| Furniture and vehicles | 24 | €35,956 | €37,805 | +€1,849 | +5.1% |
| Other tangible fixed assets | 26 | €47,290 | €39,884 | -€7,406 | -15.7% |
| Financial fixed assets | 28 | €482,154 | €482,154 | = | 0.0% |
| Current assets | 29/58 | €667,101 | €792,382 | +€125,281 | +18.8% |
| Amounts receivable within one year | 40/41 | €530,737 | €592,504 | +€61,767 | +11.6% |
| Trade receivables | 40 | €530,737 | €592,504 | +€61,767 | +11.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €117,332 | €180,279 | +€62,947 | +53.6% |
| Deferred charges and accrued income | 490/1 | €19,032 | €19,599 | +€567 | +3.0% |
| Total equity and liabilities | 10/49 | €5,695,635 | €5,470,752 | -€224,882 | -3.9% |
| Equity | 10/15 | €834,317 | €707,032 | -€127,286 | -15.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €684,317 | €557,032 | -€127,286 | -18.6% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €669,317 | €542,032 | -€127,286 | -19.0% |
| Amounts payable | 17/49 | €4,861,318 | €4,763,721 | -€97,597 | -2.0% |
| Amounts payable after more than one year | 17 | €2,446,499 | €2,063,132 | -€383,367 | -15.7% |
| Financial debts | 170/4 | €2,442,749 | €2,059,382 | -€383,367 | -15.7% |
| Other amounts payable | 178/9 | €3,750 | €3,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,414,818 | €2,695,952 | +€281,133 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €421,398 | €423,838 | +€2,441 | +0.6% |
| Financial debts | 43 | €4,312 | €3,871 | -€441 | -10.2% |
| Credit institutions | 430/8 | €4,312 | €3,871 | -€441 | -10.2% |
| Trade debts | 44 | €150,845 | €238,792 | +€87,947 | +58.3% |
| Suppliers | 440/4 | €150,845 | €238,792 | +€87,947 | +58.3% |
| Taxes, remuneration and social security | 45 | €157,903 | €149,041 | -€8,863 | -5.6% |
| Taxes | 450/3 | €31,481 | €31,039 | -€442 | -1.4% |
| Remuneration and social security | 454/9 | €126,423 | €118,002 | -€8,421 | -6.7% |
| Other amounts payable | 47/48 | €1,680,360 | €1,880,409 | +€200,049 | +11.9% |
| Accrued charges and deferred income | 492/3 | - | €4,637 | +€4,637 | |
| Remuneration, social security and pensions | 62 | €874,584 | €907,415 | +€32,831 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446,077 | €451,480 | +€5,404 | +1.2% |
| Other operating charges | 640/8 | €140,663 | €135,683 | -€4,980 | -3.5% |
| Gross operating margin | 9900 | €1,444,478 | €1,517,942 | +€73,464 | +5.1% |
| Operating profit (loss) | 9901 | -€16,845 | €23,365 | +€40,210 | |
| Financial income | 75/76B | €124 | €1,401 | +€1,277 | +1,027% |
| Recurring financial income | 75 | €124 | €1,401 | +€1,277 | +1,027% |
| Financial charges | 65/66B | €177,033 | €152,051 | -€24,982 | -14.1% |
| Recurring financial charges | 65 | €177,033 | €152,051 | -€24,982 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€193,755 | -€127,286 | +€66,469 | +34.3% |
| Profit (loss) for the period | 9904 | -€193,755 | -€127,286 | +€66,469 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,755 | -€127,286 | +€66,469 | +34.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.