VAN den BERGH: 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 BERGH
Largest movements
- Current investments -€403,235
no longer reported in 2025 (was €403,235)
- Cash -€55,178
down €55,178 (-4.9%), from €1.1m to €1.1m
mainly Other debts (-€779,694) and Tax, wage and social debts (-€48,025)
- Tangible fixed assets -€41,580
down €41,580 (-7.0%), from €594,167 to €552,586
- Stocks and contracts -€33,291
down €33,291 (-19.2%), from €173,395 to €140,104
- Other debts -€779,694
down €779,694 (-70.4%), from €1.1m to €327,069
- Reserves +€336,163
up €336,163 (+74.2%), from €452,992 to €789,155
of which Distributable reserves: +€336,163
- Tax, wage and social debts -€48,025
down €48,025 (-29.2%), from €164,397 to €116,372
of which Taxes: -€41,697
- Trade debts -€35,656
down €35,656 (-31.7%), from €112,395 to €76,740
- Gross operating margin -€74,263
down €74,263 (-7.6%), from €977,452 to €903,189
- Staff costs -€29,628
down €29,628 (-7.5%), from €395,806 to €366,178
- Financial charges -€10,408
down €10,408 (-25.5%), from €40,739 to €30,330
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 | €2,348,714 | €1,822,006 | -€526,708 | -22.4% |
| Fixed assets | 21/28 | €599,097 | €557,516 | -€41,580 | -6.9% |
| Tangible fixed assets | 22/27 | €594,167 | €552,586 | -€41,580 | -7.0% |
| Land and buildings | 22 | €522,640 | €509,613 | -€13,027 | -2.5% |
| Plant, machinery and equipment | 23 | €45,692 | €25,714 | -€19,979 | -43.7% |
| Furniture and vehicles | 24 | €25,834 | €17,259 | -€8,574 | -33.2% |
| Financial fixed assets | 28 | €4,930 | €4,930 | = | 0.0% |
| Current assets | 29/58 | €1,749,618 | €1,264,490 | -€485,128 | -27.7% |
| Stocks and contracts in progress | 3 | €173,395 | €140,104 | -€33,291 | -19.2% |
| Stocks | 30/36 | €173,395 | €140,104 | -€33,291 | -19.2% |
| Amounts receivable within one year | 40/41 | €41,804 | €49,743 | +€7,939 | +19.0% |
| Trade receivables | 40 | €41,804 | €49,743 | +€7,939 | +19.0% |
| Current investments | 50/53 | €403,235 | - | -€403,235 | |
| Cash at bank and in hand | 54/58 | €1,125,300 | €1,070,122 | -€55,178 | -4.9% |
| Deferred charges and accrued income | 490/1 | €5,884 | €4,521 | -€1,363 | -23.2% |
| Total equity and liabilities | 10/49 | €2,348,714 | €1,822,006 | -€526,708 | -22.4% |
| Equity | 10/15 | €964,992 | €1,301,155 | +€336,163 | +34.8% |
| Contributions | 10/11 | €512,000 | €512,000 | = | 0.0% |
| Capital | 10 | €512,000 | €512,000 | = | 0.0% |
| Issued capital | 100 | €512,000 | €512,000 | = | 0.0% |
| Reserves | 13 | €452,992 | €789,155 | +€336,163 | +74.2% |
| Non-distributable reserves | 130/1 | €51,200 | €51,200 | = | 0.0% |
| Legal reserve | 130 | €51,200 | €51,200 | = | 0.0% |
| Distributable reserves | 133 | €401,792 | €737,955 | +€336,163 | +83.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,383,722 | €520,851 | -€862,871 | -62.4% |
| Amounts payable within one year | 42/48 | €1,383,555 | €520,180 | -€863,375 | -62.4% |
| Trade debts | 44 | €112,395 | €76,740 | -€35,656 | -31.7% |
| Suppliers | 440/4 | €112,395 | €76,740 | -€35,656 | -31.7% |
| Taxes, remuneration and social security | 45 | €164,397 | €116,372 | -€48,025 | -29.2% |
| Taxes | 450/3 | €90,615 | €48,918 | -€41,697 | -46.0% |
| Remuneration and social security | 454/9 | €73,782 | €67,454 | -€6,328 | -8.6% |
| Other amounts payable | 47/48 | €1,106,763 | €327,069 | -€779,694 | -70.4% |
| Accrued charges and deferred income | 492/3 | €168 | €671 | +€504 | +300.1% |
| Remuneration, social security and pensions | 62 | €395,806 | €366,178 | -€29,628 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,331 | €44,633 | -€1,699 | -3.7% |
| Other operating charges | 640/8 | €15,087 | €17,640 | +€2,553 | +16.9% |
| Gross operating margin | 9900 | €977,452 | €903,189 | -€74,263 | -7.6% |
| Operating profit (loss) | 9901 | €520,228 | €474,738 | -€45,490 | -8.7% |
| Financial income | 75/76B | €2,920 | €8,399 | +€5,479 | +187.7% |
| Recurring financial income | 75 | €2,920 | €8,399 | +€5,479 | +187.7% |
| Financial charges | 65/66B | €40,739 | €30,330 | -€10,408 | -25.5% |
| Recurring financial charges | 65 | €40,739 | €30,330 | -€10,408 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €482,409 | €452,807 | -€29,602 | -6.1% |
| Income taxes | 67/77 | €118,818 | €116,644 | -€2,175 | -1.8% |
| Profit (loss) for the period | 9904 | €363,591 | €336,163 | -€27,428 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €363,591 | €336,163 | -€27,428 | -7.5% |
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 8 October 2026 via checked.be.