VAN DE VOORDE HOLDING: 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 VOORDE HOLDING
Largest movements
- Cash -€122,162
down €122,162 (-13.0%), from €941,523 to €819,361
mainly Deferred charges and accrued income (-€99,869) and Contributions, distributions and other (-€99,244)
- Deferred charges and accrued income +€99,869
up €99,869 (+263%), from €38,032 to €137,902
- Other debts -€60,447
down €60,447 (-100%), from €60,447 to €0
- Financial income -€230,258
down €230,258 (-62.5%), from €368,160 to €137,902
- Taxes -€18,653
down €18,653 (-43.3%), from €43,107 to €24,454
- Gross operating margin +€8,066
up €8,066 (+44.0%), from €18,326 to €26,392
- Other operating charges +€636
up €636 (+53.8%), from €1,183 to €1,820
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 | €2,904,426 | €2,888,385 | -€16,041 | -0.6% |
| Fixed assets | 21/28 | €427,501 | €411,169 | -€16,332 | -3.8% |
| Tangible fixed assets | 22/27 | €280,276 | €263,945 | -€16,332 | -5.8% |
| Plant, machinery and equipment | 23 | €280,276 | €263,945 | -€16,332 | -5.8% |
| Financial fixed assets | 28 | €147,225 | €147,225 | = | 0.0% |
| Current assets | 29/58 | €2,476,925 | €2,477,216 | +€291 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,497,370 | €1,519,953 | +€22,583 | +1.5% |
| Trade receivables | 40 | €27,420 | €37,124 | +€9,704 | +35.4% |
| Other amounts receivable | 41 | €1,469,950 | €1,482,829 | +€12,879 | +0.9% |
| Cash at bank and in hand | 54/58 | €941,523 | €819,361 | -€122,162 | -13.0% |
| Deferred charges and accrued income | 490/1 | €38,032 | €137,902 | +€99,869 | +263% |
| Total equity and liabilities | 10/49 | €2,904,426 | €2,888,385 | -€16,041 | -0.6% |
| Equity | 10/15 | €2,797,690 | €2,819,995 | +€22,305 | +0.8% |
| Contributions | 10/11 | €980,370 | €980,370 | = | 0.0% |
| Reserves | 13 | €1,817,320 | €1,839,625 | +€22,305 | +1.2% |
| Distributable reserves | 133 | €1,817,320 | €1,839,625 | +€22,305 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,736 | €68,390 | -€38,346 | -35.9% |
| Amounts payable within one year | 42/48 | €106,736 | €68,390 | -€38,346 | -35.9% |
| Trade debts | 44 | - | €530 | +€530 | |
| Suppliers | 440/4 | - | €530 | +€530 | |
| Taxes, remuneration and social security | 45 | €46,289 | €67,861 | +€21,572 | +46.6% |
| Taxes | 450/3 | €46,289 | €67,861 | +€21,572 | +46.6% |
| Other amounts payable | 47/48 | €60,447 | €0 | -€60,447 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,332 | €16,332 | = | 0.0% |
| Other operating charges | 640/8 | €1,183 | €1,820 | +€636 | +53.8% |
| Gross operating margin | 9900 | €18,326 | €26,392 | +€8,066 | +44.0% |
| Operating profit (loss) | 9901 | €811 | €8,241 | +€7,429 | +916% |
| Financial income | 75/76B | €368,160 | €137,902 | -€230,258 | -62.5% |
| Recurring financial income | 75 | €368,160 | €137,902 | -€230,258 | -62.5% |
| Financial charges | 65/66B | €172 | €140 | -€32 | -18.8% |
| Recurring financial charges | 65 | €172 | €140 | -€32 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €368,799 | €146,002 | -€222,797 | -60.4% |
| Income taxes | 67/77 | €43,107 | €24,454 | -€18,653 | -43.3% |
| Profit (loss) for the period | 9904 | €325,692 | €121,549 | -€204,143 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €325,692 | €121,549 | -€204,143 | -62.7% |
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 1 November 2026 via checked.be.