VAN DEN BERGHE LUC: 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 DEN BERGHE LUC
Largest movements
- Cash +€51,032
up €51,032 (+43.6%), from €117,134 to €168,166
mainly Net result for the year (+€97,513) and Depreciation (+€2,590)
- Current investments +€25,000
up €25,000 (+6.9%), from €360,091 to €385,091
- Reserves +€95,500
up €95,500 (+37.1%), from €257,414 to €352,914
of which Distributable reserves: +€95,500
- Other debts -€18,564
down €18,564 (-69.3%), from €26,795 to €8,231
- Gross operating margin +€27,856
up €27,856 (+24.4%), from €114,005 to €141,862
- Taxes +€7,024
up €7,024 (+17.9%), from €39,268 to €46,292
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 | €483,521 | €558,438 | +€74,917 | +15.5% |
| Fixed assets | 21/28 | €5,788 | €4,649 | -€1,139 | -19.7% |
| Tangible fixed assets | 22/27 | €5,146 | €4,007 | -€1,139 | -22.1% |
| Plant, machinery and equipment | 23 | €4,783 | €2,553 | -€2,230 | -46.6% |
| Furniture and vehicles | 24 | €363 | €1,454 | +€1,091 | +300% |
| Financial fixed assets | 28 | €642 | €642 | = | 0.0% |
| Current assets | 29/58 | €477,733 | €553,789 | +€76,056 | +15.9% |
| Current investments | 50/53 | €360,091 | €385,091 | +€25,000 | +6.9% |
| Cash at bank and in hand | 54/58 | €117,134 | €168,166 | +€51,032 | +43.6% |
| Deferred charges and accrued income | 490/1 | €508 | €533 | +€25 | +4.8% |
| Total equity and liabilities | 10/49 | €483,521 | €558,438 | +€74,917 | +15.5% |
| Equity | 10/15 | €440,030 | €535,877 | +€95,847 | +21.8% |
| Contributions | 10/11 | €128,000 | €128,000 | = | 0.0% |
| Reserves | 13 | €257,414 | €352,914 | +€95,500 | +37.1% |
| Tax-exempt reserves | 132 | €254 | €254 | = | 0.0% |
| Distributable reserves | 133 | €257,160 | €352,660 | +€95,500 | +37.1% |
| Profit (loss) carried forward | 14 | €54,616 | €54,963 | +€347 | +0.6% |
| Amounts payable | 17/49 | €43,491 | €22,561 | -€20,930 | -48.1% |
| Amounts payable within one year | 42/48 | €43,491 | €22,561 | -€20,930 | -48.1% |
| Trade debts | 44 | €6,820 | €2,508 | -€4,312 | -63.2% |
| Suppliers | 440/4 | €6,820 | €2,508 | -€4,312 | -63.2% |
| Taxes, remuneration and social security | 45 | €9,875 | €11,822 | +€1,947 | +19.7% |
| Taxes | 450/3 | €9,875 | €11,822 | +€1,947 | +19.7% |
| Other amounts payable | 47/48 | €26,795 | €8,231 | -€18,564 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,959 | €2,590 | -€370 | -12.5% |
| Other operating charges | 640/8 | €2,011 | €2,219 | +€208 | +10.3% |
| Gross operating margin | 9900 | €114,005 | €141,862 | +€27,856 | +24.4% |
| Operating profit (loss) | 9901 | €109,035 | €137,053 | +€28,018 | +25.7% |
| Financial income | 75/76B | €8,245 | €8,357 | +€112 | +1.4% |
| Recurring financial income | 75 | €8,245 | €8,357 | +€112 | +1.4% |
| Financial charges | 65/66B | €967 | €1,604 | +€638 | +66.0% |
| Recurring financial charges | 65 | €967 | €1,604 | +€638 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €116,313 | €143,806 | +€27,492 | +23.6% |
| Income taxes | 67/77 | €39,268 | €46,292 | +€7,024 | +17.9% |
| Profit (loss) for the period | 9904 | €77,045 | €97,513 | +€20,468 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,045 | €97,513 | +€20,468 | +26.6% |
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 28 October 2026 via checked.be.