VAN dEN BUYS: 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 BUYS
Largest movements
- Current investments +€181,318
up €181,318 (+58.9%), from €307,712 to €489,029
- Cash -€109,546
down €109,546 (-24.3%), from €449,894 to €340,349
mainly Current investments (-€181,318) and Tax, wage and social debts (-€61,029)
- Receivables within one year -€28,963
down €28,963 (-61.7%), from €46,971 to €18,009
of which Trade receivables: -€27,497
- Tangible fixed assets -€21,846
down €21,846 (-25.1%), from €86,920 to €65,074
of which Furniture and vehicles: -€15,631
- Reserves +€85,384
up €85,384 (+11.5%), from €741,333 to €826,717
of which Distributable reserves: +€85,384
- Tax, wage and social debts -€61,029
down €61,029 (-84.1%), from €72,578 to €11,550
of which Taxes: -€61,915
- Other debts +€18,737
up €18,737 (+326%), from €5,748 to €24,485
- Trade debts -€10,754
down €10,754 (-34.7%), from €30,957 to €20,204
- Gross operating margin -€57,010
down €57,010 (-20.2%), from €282,233 to €225,223
- Taxes -€20,565
down €20,565 (-33.4%), from €61,520 to €40,954
- Depreciation +€6,077
up €6,077 (+35.9%), from €16,909 to €22,986
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 | €941,444 | €965,306 | +€23,861 | +2.5% |
| Fixed assets | 21/28 | €136,499 | €114,653 | -€21,846 | -16.0% |
| Intangible fixed assets | 21 | €49,579 | €49,579 | = | 0.0% |
| Tangible fixed assets | 22/27 | €86,920 | €65,074 | -€21,846 | -25.1% |
| Land and buildings | 22 | €2,099 | €1,539 | -€561 | -26.7% |
| Plant, machinery and equipment | 23 | €17,206 | €11,551 | -€5,655 | -32.9% |
| Furniture and vehicles | 24 | €67,615 | €51,985 | -€15,631 | -23.1% |
| Current assets | 29/58 | €804,945 | €850,653 | +€45,707 | +5.7% |
| Amounts receivable within one year | 40/41 | €46,971 | €18,009 | -€28,963 | -61.7% |
| Trade receivables | 40 | €45,010 | €17,513 | -€27,497 | -61.1% |
| Other amounts receivable | 41 | €1,961 | €496 | -€1,466 | -74.7% |
| Current investments | 50/53 | €307,712 | €489,029 | +€181,318 | +58.9% |
| Cash at bank and in hand | 54/58 | €449,894 | €340,349 | -€109,546 | -24.3% |
| Deferred charges and accrued income | 490/1 | €368 | €3,266 | +€2,898 | +788% |
| Total equity and liabilities | 10/49 | €941,444 | €965,306 | +€23,861 | +2.5% |
| Equity | 10/15 | €817,126 | €902,509 | +€85,384 | +10.4% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €741,333 | €826,717 | +€85,384 | +11.5% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €717,626 | €803,009 | +€85,384 | +11.9% |
| Profit (loss) carried forward | 14 | €26,213 | €26,213 | = | 0.0% |
| Amounts payable | 17/49 | €124,319 | €62,797 | -€61,522 | -49.5% |
| Amounts payable after more than one year | 17 | €6,558 | - | -€6,558 | |
| Financial debts | 170/4 | €6,558 | - | -€6,558 | |
| Amounts payable within one year | 42/48 | €117,761 | €62,797 | -€54,964 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €8,419 | €6,558 | -€1,861 | -22.1% |
| Financial debts | 43 | €58 | - | -€58 | |
| Credit institutions | 430/8 | €58 | - | -€58 | |
| Trade debts | 44 | €30,957 | €20,204 | -€10,754 | -34.7% |
| Suppliers | 440/4 | €30,957 | €20,204 | -€10,754 | -34.7% |
| Taxes, remuneration and social security | 45 | €72,578 | €11,550 | -€61,029 | -84.1% |
| Taxes | 450/3 | €66,869 | €4,954 | -€61,915 | -92.6% |
| Remuneration and social security | 454/9 | €5,709 | €6,596 | +€886 | +15.5% |
| Other amounts payable | 47/48 | €5,748 | €24,485 | +€18,737 | +326% |
| Non-recurring operating income | 76A | €18,394 | - | -€18,394 | |
| Remuneration, social security and pensions | 62 | €78,799 | €78,163 | -€636 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,909 | €22,986 | +€6,077 | +35.9% |
| Other operating charges | 640/8 | €1,853 | €1,512 | -€342 | -18.4% |
| Gross operating margin | 9900 | €282,233 | €225,223 | -€57,010 | -20.2% |
| Operating profit (loss) | 9901 | €184,672 | €122,562 | -€62,110 | -33.6% |
| Financial income | 75/76B | €5,259 | €4,555 | -€704 | -13.4% |
| Recurring financial income | 75 | €5,259 | €4,555 | -€704 | -13.4% |
| Financial charges | 65/66B | €1,346 | €779 | -€567 | -42.1% |
| Recurring financial charges | 65 | €1,346 | €779 | -€567 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €188,585 | €126,338 | -€62,247 | -33.0% |
| Income taxes | 67/77 | €61,520 | €40,954 | -€20,565 | -33.4% |
| Profit (loss) for the period | 9904 | €127,065 | €85,384 | -€41,682 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €127,065 | €85,384 | -€41,682 | -32.8% |
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 17 October 2026 via checked.be.