VAN der GOTEN: 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 der GOTEN
Largest movements
- Cash -€50,404
down €50,404 (-22.0%), from €228,914 to €178,510
mainly Net result for the year (-€30,279) and Receivables within one year (-€27,896)
- Receivables within one year +€27,896
up €27,896 (+71.0%), from €39,280 to €67,176
of which Other amounts receivable: +€19,296
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets -€8,378
down €8,378 (-18.7%), from €44,712 to €36,334
of which Plant, machinery and equipment: -€5,587
- Stocks and contracts -€3,990
down €3,990 (-50.8%), from €7,851 to €3,862
- Reserves -€30,279
down €30,279 (-39.5%), from €76,700 to €46,422
of which Distributable reserves: -€30,279
- Accrued charges and deferred income +€24,070
up €24,070 (+1160.9%), from €2,073 to €26,143
- Tax, wage and social debts -€6,273
down €6,273 (-46.6%), from €13,461 to €7,188
of which Remuneration and social security: -€6,395
- Gross operating margin -€28,874
down €28,874 (-67.3%), from €42,875 to €14,001
- Depreciation -€3,977
down €3,977 (-28.8%), from €13,820 to €9,843
- Staff costs -€3,702
down €3,702 (-11.1%), from €33,271 to €29,569
- Financial charges -€2,527
down €2,527 (-29.2%), from €8,658 to €6,132
- Financial income +€2,224
up €2,224 (+52.2%), from €4,264 to €6,488
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.
Cash bridge derived
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 | €325,036 | €315,360 | -€9,676 | -3.0% |
| Fixed assets | 21/28 | €44,712 | €36,334 | -€8,378 | -18.7% |
| Tangible fixed assets | 22/27 | €44,712 | €36,334 | -€8,378 | -18.7% |
| Plant, machinery and equipment | 23 | €26,594 | €21,007 | -€5,587 | -21.0% |
| Furniture and vehicles | 24 | €80 | €0 | -€80 | -100.0% |
| Other tangible fixed assets | 26 | €18,039 | €15,327 | -€2,712 | -15.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €280,324 | €279,026 | -€1,298 | -0.5% |
| Stocks and contracts in progress | 3 | €7,851 | €3,862 | -€3,990 | -50.8% |
| Stocks | 30/36 | €7,851 | €3,862 | -€3,990 | -50.8% |
| Amounts receivable within one year | 40/41 | €39,280 | €67,176 | +€27,896 | +71.0% |
| Trade receivables | 40 | €39,280 | €47,881 | +€8,601 | +21.9% |
| Other amounts receivable | 41 | €0 | €19,296 | +€19,296 | |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €228,914 | €178,510 | -€50,404 | -22.0% |
| Deferred charges and accrued income | 490/1 | €4,278 | €4,478 | +€200 | +4.7% |
| Total equity and liabilities | 10/49 | €325,036 | €315,360 | -€9,676 | -3.0% |
| Equity | 10/15 | €96,700 | €66,422 | -€30,279 | -31.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €76,700 | €46,422 | -€30,279 | -39.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,857 | €3,857 | = | 0.0% |
| Distributable reserves | 133 | €70,844 | €40,565 | -€30,279 | -42.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €228,336 | €248,939 | +€20,603 | +9.0% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,263 | €22,795 | -€3,467 | -13.2% |
| Trade debts | 44 | €12,654 | €15,607 | +€2,953 | +23.3% |
| Suppliers | 440/4 | €12,654 | €15,607 | +€2,953 | +23.3% |
| Taxes, remuneration and social security | 45 | €13,461 | €7,188 | -€6,273 | -46.6% |
| Taxes | 450/3 | €5,529 | €5,651 | +€122 | +2.2% |
| Remuneration and social security | 454/9 | €7,932 | €1,537 | -€6,395 | -80.6% |
| Other amounts payable | 47/48 | €148 | €0 | -€148 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,073 | €26,143 | +€24,070 | +1160.9% |
| Remuneration, social security and pensions | 62 | €33,271 | €29,569 | -€3,702 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,820 | €9,843 | -€3,977 | -28.8% |
| Other operating charges | 640/8 | €5,322 | €4,645 | -€676 | -12.7% |
| Non-recurring operating charges | 66A | - | €353 | +€353 | |
| Gross operating margin | 9900 | €42,875 | €14,001 | -€28,874 | -67.3% |
| Operating profit (loss) | 9901 | -€9,538 | -€30,409 | -€20,871 | -218.8% |
| Financial income | 75/76B | €4,264 | €6,488 | +€2,224 | +52.2% |
| Recurring financial income | 75 | €4,264 | €6,488 | +€2,224 | +52.2% |
| Financial charges | 65/66B | €8,658 | €6,132 | -€2,527 | -29.2% |
| Recurring financial charges | 65 | €8,658 | €6,132 | -€2,527 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,932 | -€30,052 | -€16,121 | -115.7% |
| Income taxes | 67/77 | €430 | €226 | -€203 | -47.4% |
| Profit (loss) for the period | 9904 | -€14,361 | -€30,279 | -€15,917 | -110.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,361 | -€30,279 | -€15,917 | -110.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.