VAN DER SPEK: 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.
What changed
VAN DER SPEK
NACE 47.812, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · -€29,404+€2.1m
Equity
€39.3m
2024 · €37.2m+€2.1m
Cash
€2.9m
2024 · €3.7m-€801,321
Balance sheet total
€89.2m
2024 · €88.7m+€528,401
Largest movements
Assets
- Tangible fixed assets +€2.2m
up €2.2m (+3.9%), from €56.3m to €58.5m
of which Land and buildings: +€4.9m
- Stocks and contracts -€2.1m
down €2.1m (-20.3%), from €10.2m to €8.1m
- Receivables within one year +€1.1m
up €1.1m (+6.0%), from €17.5m to €18.5m
of which Other amounts receivable: +€1.4m
Equity and liabilities
- Accrued charges and deferred income -€3.2m
down €3.2m (-27.9%), from €11.5m to €8.3m
- Profit (loss) carried forward +€2.4m
up €2.4m (+8.0%), from €29.7m to €32.1m
- Current portion of long-term debt -€1.5m
down €1.5m (-21.7%), from €6.9m to €5.4m
- Debts after one year +€1.5m
up €1.5m (+7.8%), from €19.0m to €20.5m
- Tax, wage and social debts +€899,251
up €899,251 (+30.3%), from €3.0m to €3.9m
of which Taxes: +€875,408
Income statement
- Turnover +€8.8m
up €8.8m (+10.5%), from €83.9m to €92.7m
- Goods and materials +€6.9m
up €6.9m (+12.1%), from €56.6m to €63.5m
of which Purchases: +€3.7m
- Depreciation -€1.8m
down €1.8m (-15.6%), from €11.5m to €9.7m
- Services and other goods +€1.5m
up €1.5m (+17.5%), from €8.8m to €10.3m
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.
Result 2024
-€29,404
Turnover
+€8.8m
Other operating income
+€532,044
Goods and materials
-€6.9m
Services and other goods
-€1.5m
Staff costs
-€488,427
Depreciation
+€1.8m
Write-downs
+€67,825
Provisions
-€537,904
Other operating charges
-€21,380
Financial income
-€21,051
Financial charges
+€804,797
Taxes
-€432,746
Deferred taxes and other
-€1,453
Result 2025
€2.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€11.3m
Investment
-€12.0m
Financing
-€145,503
Cash 2024
€3.7m
From operations (derived)
+€11.3m
Net result for the year
+€2.1m
Depreciation
+€9.7m
Stocks and contracts
+€2.1m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€126,465
Provisions
+€149,215
Trade debts
+€766,981
Tax, wage and social debts
+€899,251
Other debts
-€15,360
Accrued charges and deferred income
-€3.2m
Investment (derived)
-€12.0m
Investment in fixed assets (net)
-€12.0m
Financing
-€145,503
Debts after one year
+€1.5m
Current portion of long-term debt
-€1.5m
Short-term financial debts
-€135,089
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,670,086 | €89,198,487 | +€528,401 | +0.6% |
| Fixed assets | 21/28 | €56,325,907 | €58,539,917 | +€2.2m | +3.9% |
| Intangible fixed assets | 21 | €1,976 | €559 | -€1,417 | -71.7% |
| Tangible fixed assets | 22/27 | €56,323,932 | €58,539,359 | +€2.2m | +3.9% |
| Land and buildings | 22 | €3,302,862 | €8,244,428 | +€4.9m | +150% |
| Plant, machinery and equipment | 23 | €23,518,249 | €26,269,484 | +€2.8m | +11.7% |
| Furniture and vehicles | 24 | €202,007 | €219,231 | +€17,224 | +8.5% |
| Leasing and similar rights | 25 | €29,300,813 | €23,806,216 | -€5.5m | -18.8% |
| Current assets | 29/58 | €32,344,179 | €30,658,570 | -€1.7m | -5.2% |
| Stocks and contracts in progress | 3 | €10,192,907 | €8,126,597 | -€2.1m | -20.3% |
| Stocks | 30/36 | €10,192,907 | €8,126,597 | -€2.1m | -20.3% |
| Goods purchased for resale | 34 | €10,192,907 | €8,103,097 | -€2.1m | -20.5% |
| Advance payments | 36 | - | €23,500 | +€23,500 | |
| Amounts receivable within one year | 40/41 | €17,465,958 | €18,521,514 | +€1.1m | +6.0% |
| Trade receivables | 40 | €17,257,004 | €16,899,164 | -€357,840 | -2.1% |
| Other amounts receivable | 41 | €208,954 | €1,622,350 | +€1.4m | +676% |
| Cash at bank and in hand | 54/58 | €3,744,216 | €2,942,895 | -€801,321 | -21.4% |
| Deferred charges and accrued income | 490/1 | €941,099 | €1,067,564 | +€126,465 | +13.4% |
| Total equity and liabilities | 10/49 | €88,670,086 | €89,198,487 | +€528,401 | +0.6% |
| Equity | 10/15 | €37,237,795 | €39,304,244 | +€2.1m | +5.5% |
| Contributions | 10/11 | €362,780 | €362,780 | = | 0.0% |
| Capital | 10 | €362,780 | €362,780 | = | 0.0% |
| Issued capital | 100 | €362,780 | €362,780 | = | 0.0% |
| Reserves | 13 | €7,170,196 | €6,845,512 | -€324,683 | -4.5% |
| Non-distributable reserves | 130/1 | €41,975 | €41,975 | = | 0.0% |
| Legal reserve | 130 | €36,278 | €36,278 | = | 0.0% |
| Other | 1319 | €5,697 | €5,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,921,274 | €3,715,849 | -€1.2m | -24.5% |
| Distributable reserves | 133 | €2,206,947 | €3,087,689 | +€880,742 | +39.9% |
| Profit (loss) carried forward | 14 | €29,704,820 | €32,095,952 | +€2.4m | +8.0% |
| Provisions and deferred taxes | 16 | €1,115,158 | €1,264,374 | +€149,215 | +13.4% |
| Provisions for liabilities and charges | 160/5 | €406,816 | €664,259 | +€257,443 | +63.3% |
| Other liabilities and charges | 164/5 | €406,816 | €664,259 | +€257,443 | +63.3% |
| Deferred taxes | 168 | €708,343 | €600,115 | -€108,228 | -15.3% |
| Amounts payable | 17/49 | €50,317,132 | €48,629,869 | -€1.7m | -3.4% |
| Amounts payable after more than one year | 17 | €18,994,461 | €20,484,281 | +€1.5m | +7.8% |
| Financial debts | 170/4 | €18,994,461 | €20,484,281 | +€1.5m | +7.8% |
| Leasing and similar obligations | 172 | €17,535,798 | €15,449,681 | -€2.1m | -11.9% |
| Credit institutions | 173 | €1,458,663 | €5,034,600 | +€3.6m | +245% |
| Amounts payable within one year | 42/48 | €19,863,181 | €19,878,730 | +€15,549 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €6,924,757 | €5,424,524 | -€1.5m | -21.7% |
| Financial debts | 43 | €1,241,629 | €1,106,540 | -€135,089 | -10.9% |
| Credit institutions | 430/8 | €1,241,629 | €1,106,540 | -€135,089 | -10.9% |
| Trade debts | 44 | €8,710,027 | €9,477,008 | +€766,981 | +8.8% |
| Suppliers | 440/4 | €8,710,027 | €9,477,008 | +€766,981 | +8.8% |
| Taxes, remuneration and social security | 45 | €2,971,408 | €3,870,658 | +€899,251 | +30.3% |
| Taxes | 450/3 | €1,366,351 | €2,241,759 | +€875,408 | +64.1% |
| Remuneration and social security | 454/9 | €1,605,057 | €1,628,900 | +€23,843 | +1.5% |
| Other amounts payable | 47/48 | €15,360 | - | -€15,360 | |
| Accrued charges and deferred income | 492/3 | €11,459,491 | €8,266,858 | -€3.2m | -27.9% |
| Operating income | 70/76A | €91,308,068 | €100,649,481 | +€9.3m | +10.2% |
| Turnover | 70 | €83,871,744 | €92,681,112 | +€8.8m | +10.5% |
| Other operating income | 74 | €7,436,324 | €7,968,368 | +€532,044 | +7.2% |
| Operating charges | 60/66A | €89,347,122 | €96,942,228 | +€7.6m | +8.5% |
| Goods for resale, raw materials and consumables | 60 | €56,607,628 | €63,485,108 | +€6.9m | +12.1% |
| Purchases | 600/8 | €57,758,320 | €61,480,159 | +€3.7m | +6.4% |
| Change in stocks: decrease (increase) | 609 | -€1,150,692 | €2,004,949 | +€3.2m | |
| Services and other goods | 61 | €8,760,274 | €10,294,017 | +€1.5m | +17.5% |
| Remuneration, social security and pensions | 62 | €12,469,386 | €12,957,814 | +€488,427 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,532,492 | €9,736,488 | -€1.8m | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €140,043 | €72,218 | -€67,825 | -48.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€280,461 | €257,443 | +€537,904 | |
| Other operating charges | 640/8 | €117,760 | €139,140 | +€21,380 | +18.2% |
| Operating profit (loss) | 9901 | €1,960,947 | €3,707,253 | +€1.7m | +89.1% |
| Financial income | 75/76B | €53,307 | €32,256 | -€21,051 | -39.5% |
| Recurring financial income | 75 | €53,307 | €32,256 | -€21,051 | -39.5% |
| Income from current assets | 751 | - | €16,938 | +€16,938 | |
| Other financial income | 752/9 | €53,307 | €15,319 | -€37,988 | -71.3% |
| Financial charges | 65/66B | €1,958,981 | €1,154,184 | -€804,797 | -41.1% |
| Recurring financial charges | 65 | €1,958,981 | €1,154,184 | -€804,797 | -41.1% |
| Debt charges | 650 | €1,899,742 | €1,094,985 | -€804,757 | -42.4% |
| Other financial charges | 652/9 | €59,239 | €59,198 | -€40 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €55,273 | €2,585,325 | +€2.5m | +4,577% |
| Transfer from deferred taxes | 780 | €109,681 | €108,228 | -€1,453 | -1.3% |
| Income taxes | 67/77 | €194,358 | €627,104 | +€432,746 | +223% |
| Taxes | 670/3 | €194,358 | €805,081 | +€610,724 | +314% |
| Tax adjustments and reversals of tax provisions | 77 | - | €177,978 | +€177,978 | |
| Profit (loss) for the period | 9904 | -€29,404 | €2,066,449 | +€2.1m | |
| Transfer from tax-exempt reserves | 789 | €894,166 | €1,205,426 | +€311,259 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €864,762 | €3,271,874 | +€2.4m | +278% |
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.