VAN DEN BOSSCHE: 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 BOSSCHE
Largest movements
- Tangible fixed assets +€409,798
up €409,798 (+47.4%), from €864,563 to €1.3m
of which Land and buildings: +€465,503
- Cash -€320,333
down €320,333 (-40.0%), from €800,868 to €480,535
mainly Contributions, distributions and other (-€728,102) and Investment in fixed assets (net) (-€511,249)
- Current investments -€97,016
down €97,016 (-32.3%), from €300,000 to €202,984
- Reserves -€538,063
down €538,063 (-30.1%), from €1.8m to €1.3m
of which Distributable reserves: -€538,063
- Debts after one year +€443,601
up €443,601 (+111%), from €400,000 to €843,601
of which Financial debts: +€443,601
- Current portion of long-term debt +€52,985
new in 2025: €52,985
- Gross operating margin -€63,616
down €63,616 (-6.6%), from €960,780 to €897,164
- Taxes -€46,409
down €46,409 (-38.6%), from €120,184 to €73,775
- Staff costs +€46,289
up €46,289 (+10.1%), from €459,462 to €505,751
- Financial charges +€12,053
up €12,053 (+62.7%), from €19,220 to €31,272
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 | €2,764,689 | €2,746,505 | -€18,184 | -0.7% |
| Fixed assets | 21/28 | €864,786 | €1,274,583 | +€409,798 | +47.4% |
| Tangible fixed assets | 22/27 | €864,563 | €1,274,360 | +€409,798 | +47.4% |
| Land and buildings | 22 | €710,444 | €1,175,947 | +€465,503 | +65.5% |
| Plant, machinery and equipment | 23 | €20,848 | €12,592 | -€8,256 | -39.6% |
| Furniture and vehicles | 24 | €133,271 | €85,822 | -€47,449 | -35.6% |
| Financial fixed assets | 28 | €223 | €223 | = | 0.0% |
| Current assets | 29/58 | €1,899,903 | €1,471,921 | -€427,982 | -22.5% |
| Stocks and contracts in progress | 3 | €698,191 | €710,978 | +€12,787 | +1.8% |
| Stocks | 30/36 | €698,191 | €710,978 | +€12,787 | +1.8% |
| Amounts receivable within one year | 40/41 | €80,933 | €55,430 | -€25,503 | -31.5% |
| Trade receivables | 40 | €45,300 | €32,320 | -€12,980 | -28.7% |
| Other amounts receivable | 41 | €35,634 | €23,110 | -€12,524 | -35.1% |
| Current investments | 50/53 | €300,000 | €202,984 | -€97,016 | -32.3% |
| Cash at bank and in hand | 54/58 | €800,868 | €480,535 | -€320,333 | -40.0% |
| Deferred charges and accrued income | 490/1 | €19,910 | €21,994 | +€2,084 | +10.5% |
| Total equity and liabilities | 10/49 | €2,764,689 | €2,746,505 | -€18,184 | -0.7% |
| Equity | 10/15 | €2,076,033 | €1,537,969 | -€538,063 | -25.9% |
| Contributions | 10/11 | €285,963 | €285,963 | = | 0.0% |
| Capital | 10 | €285,963 | €285,963 | = | 0.0% |
| Issued capital | 100 | €285,963 | €285,963 | = | 0.0% |
| Reserves | 13 | €1,788,692 | €1,250,629 | -€538,063 | -30.1% |
| Non-distributable reserves | 130/1 | €28,596 | €28,596 | = | 0.0% |
| Legal reserve | 130 | €28,596 | €28,596 | = | 0.0% |
| Distributable reserves | 133 | €1,760,096 | €1,222,032 | -€538,063 | -30.6% |
| Profit (loss) carried forward | 14 | €1,377 | €1,377 | = | 0.0% |
| Amounts payable | 17/49 | €688,656 | €1,208,535 | +€519,879 | +75.5% |
| Amounts payable after more than one year | 17 | €400,000 | €843,601 | +€443,601 | +111% |
| Financial debts | 170/4 | - | €443,601 | +€443,601 | |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €270,719 | €339,574 | +€68,855 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | - | €52,985 | +€52,985 | |
| Trade debts | 44 | €35,135 | €39,261 | +€4,126 | +11.7% |
| Suppliers | 440/4 | €35,135 | €39,261 | +€4,126 | +11.7% |
| Taxes, remuneration and social security | 45 | €54,198 | €66,005 | +€11,807 | +21.8% |
| Taxes | 450/3 | €25,535 | €31,559 | +€6,024 | +23.6% |
| Remuneration and social security | 454/9 | €28,663 | €34,446 | +€5,783 | +20.2% |
| Other amounts payable | 47/48 | €181,386 | €181,324 | -€62 | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,937 | €25,359 | +€7,423 | +41.4% |
| Remuneration, social security and pensions | 62 | €459,462 | €505,751 | +€46,289 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,638 | €101,452 | -€4,187 | -4.0% |
| Other operating charges | 640/8 | €12,394 | €13,604 | +€1,209 | +9.8% |
| Gross operating margin | 9900 | €960,780 | €897,164 | -€63,616 | -6.6% |
| Operating profit (loss) | 9901 | €383,285 | €276,358 | -€106,928 | -27.9% |
| Financial income | 75/76B | €13,737 | €18,727 | +€4,990 | +36.3% |
| Recurring financial income | 75 | €13,737 | €18,727 | +€4,990 | +36.3% |
| Financial charges | 65/66B | €19,220 | €31,272 | +€12,053 | +62.7% |
| Recurring financial charges | 65 | €19,220 | €31,272 | +€12,053 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €377,803 | €263,813 | -€113,990 | -30.2% |
| Income taxes | 67/77 | €120,184 | €73,775 | -€46,409 | -38.6% |
| Profit (loss) for the period | 9904 | €257,619 | €190,038 | -€67,581 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €257,619 | €190,038 | -€67,581 | -26.2% |
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 25 October 2026 via checked.be.