van den Born: 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 Born
Largest movements
- Current investments -€179,531
down €179,531 (-89.8%), from €200,000 to €20,469
- Other debts -€178,500
down €178,500 (-99.6%), from €179,152 to €652
- Tax, wage and social debts -€32,100
no longer reported in 2026 (was €32,100)
- Profit (loss) carried forward +€31,468
up €31,468 (+244.4%), from €12,873 to €44,342
- Financial income -€1,093
down €1,093 (-59.9%), from €1,826 to €733
- Gross operating margin +€1,058
up €1,058 (+2.4%), from €43,729 to €44,788
- Taxes +€524
up €524 (+4.9%), from €10,651 to €11,175
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.
Cash bridge derived
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 | €225,125 | €45,994 | -€179,132 | -79.6% |
| Fixed assets | 21/28 | €4,090 | €2,120 | -€1,970 | -48.2% |
| Tangible fixed assets | 22/27 | €4,090 | €2,120 | -€1,970 | -48.2% |
| Plant, machinery and equipment | 23 | €2,872 | €1,437 | -€1,435 | -50.0% |
| Furniture and vehicles | 24 | €1,219 | €683 | -€536 | -44.0% |
| Current assets | 29/58 | €221,035 | €43,874 | -€177,161 | -80.2% |
| Amounts receivable within one year | 40/41 | €201 | €1,238 | +€1,037 | +515.9% |
| Other amounts receivable | 41 | €201 | €1,238 | +€1,037 | +515.9% |
| Current investments | 50/53 | €200,000 | €20,469 | -€179,531 | -89.8% |
| Cash at bank and in hand | 54/58 | €20,834 | €22,166 | +€1,332 | +6.4% |
| Total equity and liabilities | 10/49 | €225,125 | €45,994 | -€179,132 | -79.6% |
| Equity | 10/15 | €13,873 | €45,342 | +€31,468 | +226.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,873 | €44,342 | +€31,468 | +244.4% |
| Amounts payable | 17/49 | €211,252 | €652 | -€210,600 | -99.7% |
| Amounts payable within one year | 42/48 | €211,252 | €652 | -€210,600 | -99.7% |
| Taxes, remuneration and social security | 45 | €32,100 | - | -€32,100 | |
| Taxes | 450/3 | €32,100 | - | -€32,100 | |
| Other amounts payable | 47/48 | €179,152 | €652 | -€178,500 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,309 | €1,970 | -€339 | -14.7% |
| Other operating charges | 640/8 | €680 | €610 | -€71 | -10.4% |
| Gross operating margin | 9900 | €43,729 | €44,788 | +€1,058 | +2.4% |
| Operating profit (loss) | 9901 | €40,740 | €42,207 | +€1,468 | +3.6% |
| Financial income | 75/76B | €1,826 | €733 | -€1,093 | -59.9% |
| Recurring financial income | 75 | €1,826 | €733 | -€1,093 | -59.9% |
| Financial charges | 65/66B | €396 | €297 | -€99 | -24.9% |
| Recurring financial charges | 65 | €396 | €297 | -€99 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €42,170 | €42,643 | +€473 | +1.1% |
| Income taxes | 67/77 | €10,651 | €11,175 | +€524 | +4.9% |
| Profit (loss) for the period | 9904 | €31,519 | €31,468 | -€51 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,519 | €31,468 | -€51 | -0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.