Van de Vel: 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 de Vel
Largest movements
- Tangible fixed assets -€11,042
down €11,042 (-35.0%), from €31,513 to €20,471
of which Furniture and vehicles: -€10,632
- Cash -€4,692
down €4,692 (-3.6%), from €129,304 to €124,612
mainly Net result for the year (-€14,507) and Receivables within one year (-€1,089)
- Profit (loss) carried forward -€14,507
down €14,507 (-26.6%), from €54,547 to €40,040
- Depreciation -€5,056
down €5,056 (-92.5%), from €5,465 to €410
- Financial charges +€3,661
up €3,661 (+851.0%), from €430 to €4,091
- Taxes +€270
up €270 (+123.4%), from €219 to €488
- Gross operating margin +€215
up €215 (+2.7%), from -€7,917 to -€7,702
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 | €169,517 | €155,304 | -€14,213 | -8.4% |
| Fixed assets | 21/28 | €31,513 | €20,471 | -€11,042 | -35.0% |
| Tangible fixed assets | 22/27 | €31,513 | €20,471 | -€11,042 | -35.0% |
| Land and buildings | 22 | €20,479 | €20,247 | -€232 | -1.1% |
| Plant, machinery and equipment | 23 | €402 | €225 | -€177 | -44.1% |
| Furniture and vehicles | 24 | €10,632 | - | -€10,632 | |
| Current assets | 29/58 | €138,004 | €134,832 | -€3,171 | -2.3% |
| Amounts receivable within one year | 40/41 | €6,855 | €7,945 | +€1,089 | +15.9% |
| Trade receivables | 40 | €3,515 | €6,597 | +€3,082 | +87.7% |
| Other amounts receivable | 41 | €3,340 | €1,347 | -€1,993 | -59.7% |
| Cash at bank and in hand | 54/58 | €129,304 | €124,612 | -€4,692 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,845 | €2,276 | +€431 | +23.4% |
| Total equity and liabilities | 10/49 | €169,517 | €155,304 | -€14,213 | -8.4% |
| Equity | 10/15 | €115,654 | €101,147 | -€14,507 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,507 | €42,507 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,537 | €2,537 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,537 | €2,537 | = | 0.0% |
| Distributable reserves | 133 | €39,970 | €39,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,547 | €40,040 | -€14,507 | -26.6% |
| Amounts payable | 17/49 | €53,863 | €54,157 | +€293 | +0.5% |
| Amounts payable within one year | 42/48 | €53,863 | €54,157 | +€293 | +0.5% |
| Trade debts | 44 | €7 | €90 | +€84 | +1222.1% |
| Suppliers | 440/4 | €7 | €90 | +€84 | +1222.1% |
| Taxes, remuneration and social security | 45 | €219 | €488 | +€270 | +123.4% |
| Taxes | 450/3 | €219 | €488 | +€270 | +123.4% |
| Other amounts payable | 47/48 | €53,638 | €53,578 | -€60 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,465 | €410 | -€5,056 | -92.5% |
| Other operating charges | 640/8 | €1,841 | €1,822 | -€19 | -1.0% |
| Gross operating margin | 9900 | -€7,917 | -€7,702 | +€215 | +2.7% |
| Operating profit (loss) | 9901 | -€15,223 | -€9,934 | +€5,289 | +34.7% |
| Financial income | 75/76B | €25 | €6 | -€19 | -76.0% |
| Recurring financial income | 75 | €25 | €6 | -€19 | -76.0% |
| Financial charges | 65/66B | €430 | €4,091 | +€3,661 | +851.0% |
| Recurring financial charges | 65 | €430 | €4,091 | +€3,661 | +851.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,628 | -€14,018 | +€1,610 | +10.3% |
| Income taxes | 67/77 | €219 | €488 | +€270 | +123.4% |
| Profit (loss) for the period | 9904 | -€15,846 | -€14,507 | +€1,340 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,846 | -€14,507 | +€1,340 | +8.5% |
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 8 October 2026 via checked.be.