VAN DEN BERG: 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 DEN BERG
Largest movements
- Stocks and contracts +€81,657
up €81,657 (+7.7%), from €1.1m to €1.1m
- Tangible fixed assets -€68,700
down €68,700 (-34.5%), from €198,987 to €130,286
of which Furniture and vehicles: -€48,703
- Cash +€65,027
up €65,027 (+239.8%), from €27,122 to €92,149
mainly Trade debts (+€146,600) and Depreciation (+€68,700)
- Current investments -€60,639
down €60,639 (-100.0%), from €60,639 to €0
- Receivables within one year +€59,036
up €59,036 (+28.3%), from €208,660 to €267,695
of which Trade receivables: +€74,392
- Trade debts +€146,600
up €146,600 (+40.8%), from €359,186 to €505,786
- Reserves -€59,000
down €59,000 (-7.4%), from €793,000 to €734,000
- Debts after one year -€31,548
down €31,548 (-69.8%), from €45,201 to €13,653
- Tax, wage and social debts +€24,011
up €24,011 (+85.3%), from €28,151 to €52,162
of which Taxes: +€20,240
- Staff costs +€31,081
up €31,081 (+11.9%), from €260,452 to €291,534
- Gross operating margin +€14,488
up €14,488 (+4.7%), from €305,494 to €319,982
- Other operating charges -€5,585
down €5,585 (-21.7%), from €25,716 to €20,130
- Write-downs +€4,826
up €4,826, from -€2,512 to €2,314
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 | €1,561,332 | €1,637,712 | +€76,380 | +4.9% |
| Fixed assets | 21/28 | €198,987 | €130,286 | -€68,700 | -34.5% |
| Tangible fixed assets | 22/27 | €198,987 | €130,286 | -€68,700 | -34.5% |
| Land and buildings | 22 | €40,733 | €28,518 | -€12,215 | -30.0% |
| Plant, machinery and equipment | 23 | €27,707 | €19,925 | -€7,782 | -28.1% |
| Furniture and vehicles | 24 | €130,546 | €81,843 | -€48,703 | -37.3% |
| Current assets | 29/58 | €1,362,345 | €1,507,425 | +€145,081 | +10.6% |
| Stocks and contracts in progress | 3 | €1,065,924 | €1,147,581 | +€81,657 | +7.7% |
| Stocks | 30/36 | €1,065,924 | €1,147,581 | +€81,657 | +7.7% |
| Amounts receivable within one year | 40/41 | €208,660 | €267,695 | +€59,036 | +28.3% |
| Trade receivables | 40 | €193,304 | €267,695 | +€74,392 | +38.5% |
| Other amounts receivable | 41 | €15,356 | €0 | -€15,356 | -100.0% |
| Current investments | 50/53 | €60,639 | €0 | -€60,639 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,122 | €92,149 | +€65,027 | +239.8% |
| Total equity and liabilities | 10/49 | €1,561,332 | €1,637,712 | +€76,380 | +4.9% |
| Equity | 10/15 | €1,093,638 | €1,034,562 | -€59,076 | -5.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €793,000 | €734,000 | -€59,000 | -7.4% |
| Distributable reserves | 133 | €793,000 | €734,000 | -€59,000 | -7.4% |
| Profit (loss) carried forward | 14 | €638 | €562 | -€76 | -12.0% |
| Amounts payable | 17/49 | €467,693 | €603,150 | +€135,457 | +29.0% |
| Amounts payable after more than one year | 17 | €45,201 | €13,653 | -€31,548 | -69.8% |
| Financial debts | 170/4 | €45,201 | €13,653 | -€31,548 | -69.8% |
| Amounts payable within one year | 42/48 | €422,492 | €589,497 | +€167,005 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €35,155 | €31,548 | -€3,607 | -10.3% |
| Trade debts | 44 | €359,186 | €505,786 | +€146,600 | +40.8% |
| Suppliers | 440/4 | €359,186 | €505,786 | +€146,600 | +40.8% |
| Taxes, remuneration and social security | 45 | €28,151 | €52,162 | +€24,011 | +85.3% |
| Taxes | 450/3 | €7,243 | €27,483 | +€20,240 | +279.4% |
| Remuneration and social security | 454/9 | €20,908 | €24,679 | +€3,771 | +18.0% |
| Remuneration, social security and pensions | 62 | €260,452 | €291,534 | +€31,081 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,564 | €68,700 | +€1,137 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,512 | €2,314 | +€4,826 | |
| Other operating charges | 640/8 | €25,716 | €20,130 | -€5,585 | -21.7% |
| Gross operating margin | 9900 | €305,494 | €319,982 | +€14,488 | +4.7% |
| Operating profit (loss) | 9901 | -€45,726 | -€62,697 | -€16,971 | -37.1% |
| Financial income | 75/76B | €10,825 | €7,928 | -€2,897 | -26.8% |
| Recurring financial income | 75 | €10,825 | €7,928 | -€2,897 | -26.8% |
| Financial charges | 65/66B | €5,463 | €4,087 | -€1,376 | -25.2% |
| Recurring financial charges | 65 | €5,463 | €4,087 | -€1,376 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,364 | -€58,856 | -€18,492 | -45.8% |
| Income taxes | 67/77 | €2,172 | €221 | -€1,951 | -89.8% |
| Profit (loss) for the period | 9904 | -€42,536 | -€59,076 | -€16,541 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,536 | -€59,076 | -€16,541 | -38.9% |
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 7 October 2026 via checked.be.