VAN dER BORGT & DAISY: 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 dER BORGT & DAISY
Largest movements
- Stocks and contracts -€495,000
down €495,000 (-69.7%), from €710,000 to €215,000
- Cash +€370,398
up €370,398 (+93.1%), from €397,870 to €768,268
mainly Stocks and contracts (+€495,000) and Tax, wage and social debts (+€163,518)
- Receivables within one year +€20,486
up €20,486 (+17.3%), from €118,586 to €139,072
of which Trade receivables: +€26,852
- Current portion of long-term debt -€300,000
down €300,000 (-100%), from €300,000 to €0
- Tax, wage and social debts +€163,518
up €163,518 (+8,804%), from €1,857 to €165,375
of which Taxes: +€165,375
- Profit (loss) carried forward +€50,607
up €50,607 (+61.0%), from -€83,015 to -€32,409
- Trade debts -€13,647
down €13,647 (-25.6%), from €53,413 to €39,766
- Gross operating margin +€161,288
up €161,288 (+795%), from €20,283 to €181,570
- Staff costs +€33,207
up €33,207 (+41.1%), from €80,880 to €114,086
- Financial charges -€5,717
down €5,717 (-26.0%), from €21,985 to €16,269
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 | €1,228,450 | €1,127,699 | -€100,752 | -8.2% |
| Fixed assets | 21/28 | €1,000 | €5,359 | +€4,359 | +436% |
| Tangible fixed assets | 22/27 | - | €4,359 | +€4,359 | |
| Furniture and vehicles | 24 | - | €4,359 | +€4,359 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,227,450 | €1,122,340 | -€105,111 | -8.6% |
| Stocks and contracts in progress | 3 | €710,000 | €215,000 | -€495,000 | -69.7% |
| Stocks | 30/36 | €710,000 | €215,000 | -€495,000 | -69.7% |
| Amounts receivable within one year | 40/41 | €118,586 | €139,072 | +€20,486 | +17.3% |
| Trade receivables | 40 | €12,990 | €39,842 | +€26,852 | +207% |
| Other amounts receivable | 41 | €105,596 | €99,230 | -€6,365 | -6.0% |
| Cash at bank and in hand | 54/58 | €397,870 | €768,268 | +€370,398 | +93.1% |
| Deferred charges and accrued income | 490/1 | €995 | €0 | -€995 | -100% |
| Total equity and liabilities | 10/49 | €1,228,450 | €1,127,699 | -€100,752 | -8.2% |
| Equity | 10/15 | €855,496 | €906,102 | +€50,607 | +5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €918,511 | €918,511 | = | 0.0% |
| Distributable reserves | 133 | €918,511 | €918,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,015 | -€32,409 | +€50,607 | +61.0% |
| Amounts payable | 17/49 | €372,955 | €221,597 | -€151,358 | -40.6% |
| Amounts payable within one year | 42/48 | €372,955 | €221,597 | -€151,358 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €0 | -€300,000 | -100% |
| Financial debts | 43 | €16,933 | €16,030 | -€903 | -5.3% |
| Credit institutions | 430/8 | €16,933 | €16,030 | -€903 | -5.3% |
| Trade debts | 44 | €53,413 | €39,766 | -€13,647 | -25.6% |
| Suppliers | 440/4 | €53,413 | €39,766 | -€13,647 | -25.6% |
| Taxes, remuneration and social security | 45 | €1,857 | €165,375 | +€163,518 | +8,804% |
| Taxes | 450/3 | €0 | €165,375 | +€165,375 | |
| Remuneration and social security | 454/9 | €1,857 | €0 | -€1,857 | -100% |
| Other amounts payable | 47/48 | €752 | €425 | -€327 | -43.5% |
| Remuneration, social security and pensions | 62 | €80,880 | €114,086 | +€33,207 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €835 | +€835 | |
| Other operating charges | 640/8 | €3,007 | €1,426 | -€1,581 | -52.6% |
| Gross operating margin | 9900 | €20,283 | €181,570 | +€161,288 | +795% |
| Operating profit (loss) | 9901 | -€63,604 | €65,223 | +€128,827 | |
| Financial income | 75/76B | €1,015 | €1,962 | +€947 | +93.3% |
| Recurring financial income | 75 | €1,015 | €1,962 | +€947 | +93.3% |
| Financial charges | 65/66B | €21,985 | €16,269 | -€5,717 | -26.0% |
| Recurring financial charges | 65 | €21,985 | €16,269 | -€5,717 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€84,574 | €50,917 | +€135,491 | |
| Income taxes | 67/77 | €441 | €310 | -€131 | -29.7% |
| Profit (loss) for the period | 9904 | -€85,015 | €50,607 | +€135,622 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,015 | €50,607 | +€135,622 |
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 21 October 2026 via checked.be.