VAN DE VEL: 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 VEL
Largest movements
- Tangible fixed assets -€1,853
no longer reported in 2025 (was €1,853)
of which Plant, machinery and equipment: -€1,521
- Deferred charges and accrued income -€1,568
no longer reported in 2025 (was €1,568)
- Receivables within one year -€478
down €478 (-1.4%), from €35,216 to €34,738
of which Other amounts receivable: -€1,406
- Other debts +€23,433
new in 2025: €23,433
- Debts after one year -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€2,844
down €2,844 (-94.8%), from €3,001 to €157
- Trade debts -€2,698
down €2,698 (-87.0%), from €3,102 to €404
- Profit (loss) carried forward -€2,174
down €2,174 (-31.1%), from -€6,985 to -€9,159
- Gross operating margin -€11,016
down €11,016, from €10,370 to -€647
- Financial charges -€1,664
down €1,664 (-97.5%), from €1,706 to €42
- Other operating charges -€293
down €293 (-42.3%), from €692 to €400
- Depreciation +€195
up €195 (+21.9%), from €890 to €1,086
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 | €39,769 | €35,485 | -€4,284 | -10.8% |
| Fixed assets | 21/28 | €1,853 | - | -€1,853 | |
| Tangible fixed assets | 22/27 | €1,853 | - | -€1,853 | |
| Plant, machinery and equipment | 23 | €1,521 | - | -€1,521 | |
| Furniture and vehicles | 24 | €332 | - | -€332 | |
| Current assets | 29/58 | €37,916 | €35,485 | -€2,431 | -6.4% |
| Amounts receivable within one year | 40/41 | €35,216 | €34,738 | -€478 | -1.4% |
| Trade receivables | 40 | - | €929 | +€929 | |
| Other amounts receivable | 41 | €35,216 | €33,810 | -€1,406 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,133 | €747 | -€386 | -34.0% |
| Deferred charges and accrued income | 490/1 | €1,568 | - | -€1,568 | |
| Total equity and liabilities | 10/49 | €39,769 | €35,485 | -€4,284 | -10.8% |
| Equity | 10/15 | €13,666 | €11,492 | -€2,174 | -15.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,251 | €8,251 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,391 | €6,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,985 | -€9,159 | -€2,174 | -31.1% |
| Amounts payable | 17/49 | €26,103 | €23,993 | -€2,110 | -8.1% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Financial debts | 170/4 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €6,103 | €23,993 | +€17,890 | +293% |
| Trade debts | 44 | €3,102 | €404 | -€2,698 | -87.0% |
| Suppliers | 440/4 | €3,102 | €404 | -€2,698 | -87.0% |
| Taxes, remuneration and social security | 45 | €3,001 | €157 | -€2,844 | -94.8% |
| Taxes | 450/3 | €3,001 | €157 | -€2,844 | -94.8% |
| Other amounts payable | 47/48 | - | €23,433 | +€23,433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €890 | €1,086 | +€195 | +21.9% |
| Other operating charges | 640/8 | €692 | €400 | -€293 | -42.3% |
| Gross operating margin | 9900 | €10,370 | -€647 | -€11,016 | |
| Operating profit (loss) | 9901 | €8,787 | -€2,132 | -€10,919 | |
| Financial charges | 65/66B | €1,706 | €42 | -€1,664 | -97.5% |
| Recurring financial charges | 65 | €1,706 | €42 | -€1,664 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €7,081 | -€2,174 | -€9,255 | |
| Profit (loss) for the period | 9904 | €7,081 | -€2,174 | -€9,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,081 | -€2,174 | -€9,255 |
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 13 October 2026 via checked.be.