Van der Borght Gert: what changed
Van der Borght Gert
Largest movements
- Cash -€578,017
down €578,017 (-64.3%), from €899,632 to €321,615
mainly Stocks and contracts (-€563,904) and Tax, wage and social debts (-€52,855)
- Stocks and contracts +€563,904
up €563,904 (+527%), from €107,011 to €670,915
- Tangible fixed assets -€39,397
down €39,397 (-24.3%), from €161,810 to €122,413
of which Furniture and vehicles: -€31,208
- Receivables within one year +€34,122
up €34,122 (+24.6%), from €138,559 to €172,681
of which Other amounts receivable: +€29,052
- Tax, wage and social debts -€52,855
down €52,855 (-54.6%), from €96,870 to €44,015
- Trade debts +€29,524
up €29,524 (+75.5%), from €39,108 to €68,632
- Reserves +€26,906
up €26,906 (+2.9%), from €934,115 to €961,021
- Debts after one year -€20,280
down €20,280 (-37.0%), from €54,752 to €34,471
- Accrued charges and deferred income -€15,640
down €15,640 (-73.4%), from €21,305 to €5,665
- Gross operating margin -€191,123
down €191,123 (-61.8%), from €309,459 to €118,335
- Taxes -€58,680
down €58,680 (-79.3%), from €73,966 to €15,286
- Other operating charges +€9,905
up €9,905 (+43.1%), from €22,971 to €32,875
- Write-downs -€9,512
down €9,512 (-100%), from €9,512 to €0
- Depreciation -€5,597
down €5,597 (-12.4%), from €44,993 to €39,397
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,325,312 | €1,299,124 | -€26,188 | -2.0% |
| Fixed assets | 21/28 | €161,810 | €122,413 | -€39,397 | -24.3% |
| Tangible fixed assets | 22/27 | €161,810 | €122,413 | -€39,397 | -24.3% |
| Land and buildings | 22 | €38,982 | €32,482 | -€6,500 | -16.7% |
| Plant, machinery and equipment | 23 | €5,935 | €4,246 | -€1,689 | -28.5% |
| Furniture and vehicles | 24 | €116,892 | €85,685 | -€31,208 | -26.7% |
| Current assets | 29/58 | €1,163,503 | €1,176,711 | +€13,208 | +1.1% |
| Amounts receivable after more than one year | 29 | €16,000 | €11,500 | -€4,500 | -28.1% |
| Other amounts receivable | 291 | €16,000 | €11,500 | -€4,500 | -28.1% |
| Stocks and contracts in progress | 3 | €107,011 | €670,915 | +€563,904 | +527% |
| Stocks | 30/36 | €107,011 | €670,915 | +€563,904 | +527% |
| Amounts receivable within one year | 40/41 | €138,559 | €172,681 | +€34,122 | +24.6% |
| Trade receivables | 40 | €118,488 | €123,559 | +€5,070 | +4.3% |
| Other amounts receivable | 41 | €20,071 | €49,122 | +€29,052 | +145% |
| Cash at bank and in hand | 54/58 | €899,632 | €321,615 | -€578,017 | -64.3% |
| Deferred charges and accrued income | 490/1 | €2,301 | €0 | -€2,301 | -100% |
| Total equity and liabilities | 10/49 | €1,325,312 | €1,299,124 | -€26,188 | -2.0% |
| Equity | 10/15 | €954,115 | €981,021 | +€26,906 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €934,115 | €961,021 | +€26,906 | +2.9% |
| Distributable reserves | 133 | €934,115 | €961,021 | +€26,906 | +2.9% |
| Amounts payable | 17/49 | €371,197 | €318,103 | -€53,094 | -14.3% |
| Amounts payable after more than one year | 17 | €54,752 | €34,471 | -€20,280 | -37.0% |
| Financial debts | 170/4 | €54,752 | €34,471 | -€20,280 | -37.0% |
| Amounts payable within one year | 42/48 | €295,141 | €277,967 | -€17,174 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €19,512 | €20,280 | +€768 | +3.9% |
| Trade debts | 44 | €39,108 | €68,632 | +€29,524 | +75.5% |
| Suppliers | 440/4 | €39,108 | €68,632 | +€29,524 | +75.5% |
| Taxes, remuneration and social security | 45 | €96,870 | €44,015 | -€52,855 | -54.6% |
| Taxes | 450/3 | €96,870 | €44,015 | -€52,855 | -54.6% |
| Other amounts payable | 47/48 | €139,650 | €145,040 | +€5,389 | +3.9% |
| Accrued charges and deferred income | 492/3 | €21,305 | €5,665 | -€15,640 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,993 | €39,397 | -€5,597 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,512 | €0 | -€9,512 | -100% |
| Other operating charges | 640/8 | €22,971 | €32,875 | +€9,905 | +43.1% |
| Gross operating margin | 9900 | €309,459 | €118,335 | -€191,123 | -61.8% |
| Operating profit (loss) | 9901 | €231,983 | €46,063 | -€185,919 | -80.1% |
| Financial income | 75/76B | €13 | €5 | -€8 | -59.5% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -59.5% |
| Financial charges | 65/66B | €7,363 | €3,877 | -€3,486 | -47.3% |
| Recurring financial charges | 65 | €7,363 | €3,877 | -€3,486 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €224,633 | €42,191 | -€182,441 | -81.2% |
| Income taxes | 67/77 | €73,966 | €15,286 | -€58,680 | -79.3% |
| Profit (loss) for the period | 9904 | €150,667 | €26,906 | -€123,761 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,667 | €26,906 | -€123,761 | -82.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.