Van de Vorst Groep: 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 Vorst Groep
Largest movements
- Receivables within one year +€12,859
up €12,859 (+24.8%), from €51,778 to €64,637
of which Trade receivables: +€11,390
- Cash -€2,138
down €2,138 (-86.1%), from €2,483 to €345
mainly Receivables within one year (-€12,859) and Tax, wage and social debts (-€2,464)
- Reserves +€7,297
up €7,297 (+32.7%), from €22,308 to €29,604
- Trade debts +€5,588
up €5,588 (+821%), from €681 to €6,269
- Tax, wage and social debts -€2,464
down €2,464 (-51.6%), from €4,772 to €2,308
- Gross operating margin -€2,524
down €2,524 (-23.2%), from €10,859 to €8,335
- Financial income +€1,469
new in 2026: €1,469
- Financial charges +€166
up €166 (+55.9%), from €297 to €464
- Taxes -€119
down €119 (-5.7%), from €2,100 to €1,981
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 | €54,261 | €64,982 | +€10,721 | +19.8% |
| Current assets | 29/58 | €54,261 | €64,982 | +€10,721 | +19.8% |
| Amounts receivable within one year | 40/41 | €51,778 | €64,637 | +€12,859 | +24.8% |
| Trade receivables | 40 | €25,410 | €36,800 | +€11,390 | +44.8% |
| Other amounts receivable | 41 | €26,368 | €27,837 | +€1,469 | +5.6% |
| Cash at bank and in hand | 54/58 | €2,483 | €345 | -€2,138 | -86.1% |
| Total equity and liabilities | 10/49 | €54,261 | €64,982 | +€10,721 | +19.8% |
| Equity | 10/15 | €47,308 | €54,604 | +€7,297 | +15.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €22,308 | €29,604 | +€7,297 | +32.7% |
| Distributable reserves | 133 | €22,308 | €29,604 | +€7,297 | +32.7% |
| Amounts payable | 17/49 | €6,954 | €10,378 | +€3,424 | +49.2% |
| Amounts payable within one year | 42/48 | €6,954 | €10,378 | +€3,424 | +49.2% |
| Trade debts | 44 | €681 | €6,269 | +€5,588 | +821% |
| Suppliers | 440/4 | €681 | €6,269 | +€5,588 | +821% |
| Taxes, remuneration and social security | 45 | €4,772 | €2,308 | -€2,464 | -51.6% |
| Taxes | 450/3 | €4,772 | €2,308 | -€2,464 | -51.6% |
| Other amounts payable | 47/48 | €1,500 | €1,800 | +€300 | +20.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €10,859 | €8,335 | -€2,524 | -23.2% |
| Operating profit (loss) | 9901 | €10,797 | €8,273 | -€2,524 | -23.4% |
| Financial income | 75/76B | - | €1,469 | +€1,469 | |
| Recurring financial income | 75 | - | €1,469 | +€1,469 | |
| Financial charges | 65/66B | €297 | €464 | +€166 | +55.9% |
| Recurring financial charges | 65 | €297 | €464 | +€166 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €10,499 | €9,277 | -€1,222 | -11.6% |
| Income taxes | 67/77 | €2,100 | €1,981 | -€119 | -5.7% |
| Profit (loss) for the period | 9904 | €8,400 | €7,297 | -€1,103 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,400 | €7,297 | -€1,103 | -13.1% |
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 29 October 2026 via checked.be.