VAN DE VORST: 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.
What changed
VAN DE VORST
NACE 43.120, Site preparation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€53,046
2023 · €35,182+€17,864
Equity
€561,011
2023 · €507,965+€53,046
Cash
€32,018
2023 · €32,915-€897
Balance sheet total
€3.0m
2023 · €2.9m+€21,771
Largest movements
Assets
- Tangible fixed assets +€99,999
up €99,999 (+5.8%), from €1.7m to €1.8m
of which Land and buildings: +€314,267
- Stocks and contracts -€97,222
down €97,222 (-23.8%), from €408,432 to €311,211
Equity and liabilities
- Trade debts -€91,747
down €91,747 (-11.5%), from €800,246 to €708,498
- Short-term financial debts +€50,000
up €50,000 (+14.3%), from €350,000 to €400,000
- Reserves +€36,843
up €36,843 (+9.0%), from €411,324 to €448,167
of which Distributable reserves: +€36,843
- Accrued charges and deferred income +€35,000
new in 2024: €35,000
- Tax, wage and social debts -€32,687
down €32,687 (-47.7%), from €68,464 to €35,777
of which Remuneration and social security: -€36,015
Income statement
- Staff costs -€76,137
down €76,137 (-9.8%), from €776,493 to €700,356
- Depreciation +€68,515
up €68,515 (+17.6%), from €389,075 to €457,590
- Gross operating margin +€48,936
up €48,936 (+3.8%), from €1.3m to €1.3m
- Financial charges +€38,596
up €38,596 (+60.8%), from €63,469 to €102,065
From the 2023 result to the 2024 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.
Result 2023
€35,182
Gross operating margin
+€48,936
Staff costs
+€76,137
Depreciation
-€68,515
Other operating charges
-€8,424
Financial income
+€8,753
Financial charges
-€38,596
Taxes
-€426
Result 2024
€53,046
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€489,985
Investment
-€557,589
Financing
+€66,707
Cash 2023
€32,915
From operations (derived)
+€489,985
Net result for the year
+€53,046
Depreciation
+€457,590
Stocks and contracts
+€97,222
Receivables within one year
-€23,860
Deferred charges and accrued income
+€3,968
Trade debts
-€91,747
Tax, wage and social debts
-€32,687
Other debts
-€8,547
Accrued charges and deferred income
+€35,000
Investment (derived)
-€557,589
Investment in fixed assets (net)
-€557,589
Financing
+€66,707
Debts after one year
+€32,432
Current portion of long-term debt
-€15,725
Short-term financial debts
+€50,000
Cash 2024
€32,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,948,302 | €2,970,073 | +€21,771 | +0.7% |
| Fixed assets | 21/28 | €1,713,336 | €1,813,334 | +€99,999 | +5.8% |
| Tangible fixed assets | 22/27 | €1,711,807 | €1,811,805 | +€99,999 | +5.8% |
| Land and buildings | 22 | €739,708 | €1,053,975 | +€314,267 | +42.5% |
| Plant, machinery and equipment | 23 | €116,845 | €101,312 | -€15,532 | -13.3% |
| Furniture and vehicles | 24 | €118,841 | €68,580 | -€50,261 | -42.3% |
| Leasing and similar rights | 25 | €736,413 | €587,938 | -€148,475 | -20.2% |
| Financial fixed assets | 28 | €1,529 | €1,529 | = | 0.0% |
| Current assets | 29/58 | €1,234,967 | €1,156,739 | -€78,227 | -6.3% |
| Stocks and contracts in progress | 3 | €408,432 | €311,211 | -€97,222 | -23.8% |
| Stocks | 30/36 | €408,432 | €311,211 | -€97,222 | -23.8% |
| Amounts receivable within one year | 40/41 | €775,084 | €798,944 | +€23,860 | +3.1% |
| Trade receivables | 40 | €646,081 | €673,602 | +€27,521 | +4.3% |
| Other amounts receivable | 41 | €129,003 | €125,342 | -€3,661 | -2.8% |
| Cash at bank and in hand | 54/58 | €32,915 | €32,018 | -€897 | -2.7% |
| Deferred charges and accrued income | 490/1 | €18,535 | €14,567 | -€3,968 | -21.4% |
| Total equity and liabilities | 10/49 | €2,948,302 | €2,970,073 | +€21,771 | +0.7% |
| Equity | 10/15 | €507,965 | €561,011 | +€53,046 | +10.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Revaluation surpluses | 12 | €67,844 | €67,844 | = | 0.0% |
| Reserves | 13 | €411,324 | €448,167 | +€36,843 | +9.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €406,824 | €443,667 | +€36,843 | +9.1% |
| Profit (loss) carried forward | 14 | -€16,203 | - | +€16,203 | |
| Amounts payable | 17/49 | €2,440,337 | €2,409,062 | -€31,275 | -1.3% |
| Amounts payable after more than one year | 17 | €767,291 | €799,724 | +€32,432 | +4.2% |
| Financial debts | 170/4 | €767,291 | €799,724 | +€32,432 | +4.2% |
| Amounts payable within one year | 42/48 | €1,673,046 | €1,574,339 | -€98,707 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €303,326 | €287,600 | -€15,725 | -5.2% |
| Financial debts | 43 | €350,000 | €400,000 | +€50,000 | +14.3% |
| Credit institutions | 430/8 | €350,000 | €400,000 | +€50,000 | +14.3% |
| Trade debts | 44 | €800,246 | €708,498 | -€91,747 | -11.5% |
| Suppliers | 440/4 | €800,246 | €708,498 | -€91,747 | -11.5% |
| Taxes, remuneration and social security | 45 | €68,464 | €35,777 | -€32,687 | -47.7% |
| Taxes | 450/3 | €1,732 | €5,061 | +€3,328 | +192% |
| Remuneration and social security | 454/9 | €66,732 | €30,716 | -€36,015 | -54.0% |
| Other amounts payable | 47/48 | €151,011 | €142,464 | -€8,547 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €35,000 | +€35,000 | |
| Non-recurring operating income | 76A | €1,237 | - | -€1,237 | |
| Remuneration, social security and pensions | 62 | €776,493 | €700,356 | -€76,137 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389,075 | €457,590 | +€68,515 | +17.6% |
| Other operating charges | 640/8 | €16,567 | €24,991 | +€8,424 | +50.8% |
| Gross operating margin | 9900 | €1,280,164 | €1,329,100 | +€48,936 | +3.8% |
| Operating profit (loss) | 9901 | €98,029 | €146,163 | +€48,133 | +49.1% |
| Financial income | 75/76B | €622 | €9,375 | +€8,753 | +1,407% |
| Recurring financial income | 75 | €622 | €1,547 | +€925 | +149% |
| Non-recurring financial income | 76B | - | €7,828 | +€7,828 | |
| Financial charges | 65/66B | €63,469 | €102,065 | +€38,596 | +60.8% |
| Recurring financial charges | 65 | €63,469 | €102,065 | +€38,596 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €35,182 | €53,472 | +€18,290 | +52.0% |
| Income taxes | 67/77 | - | €426 | +€426 | |
| Profit (loss) for the period | 9904 | €35,182 | €53,046 | +€17,864 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,182 | €53,046 | +€17,864 | +50.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.