VAN der STOCK: 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 STOCK
Largest movements
- Tangible fixed assets -€91,653
down €91,653 (-3.8%), from €2.4m to €2.4m
of which Land and buildings: -€59,538
- Debts after one year -€93,333
down €93,333 (-8.7%), from €1.1m to €983,630
- Reserves +€42,632
up €42,632 (+8.1%), from €525,450 to €568,082
of which Distributable reserves: +€42,632
- Other debts -€35,122
down €35,122 (-8.6%), from €409,436 to €374,314
- Other operating charges -€11,495
down €11,495 (-42.9%), from €26,787 to €15,292
- Depreciation -€10,356
down €10,356 (-9.6%), from €107,602 to €97,246
- Financial charges -€9,632
down €9,632 (-12.5%), from €77,217 to €67,586
- Taxes +€6,386
up €6,386 (+55.1%), from €11,596 to €17,982
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 | €2,504,332 | €2,410,514 | -€93,818 | -3.7% |
| Fixed assets | 21/28 | €2,442,861 | €2,351,208 | -€91,653 | -3.8% |
| Tangible fixed assets | 22/27 | €2,442,861 | €2,351,208 | -€91,653 | -3.8% |
| Land and buildings | 22 | €2,309,986 | €2,250,448 | -€59,538 | -2.6% |
| Plant, machinery and equipment | 23 | €20,000 | €15,550 | -€4,450 | -22.2% |
| Furniture and vehicles | 24 | €112,875 | €85,210 | -€27,665 | -24.5% |
| Current assets | 29/58 | €61,471 | €59,306 | -€2,165 | -3.5% |
| Amounts receivable within one year | 40/41 | €38,319 | €28,797 | -€9,522 | -24.8% |
| Trade receivables | 40 | €19,566 | €27,518 | +€7,951 | +40.6% |
| Other amounts receivable | 41 | €18,753 | €1,280 | -€17,473 | -93.2% |
| Cash at bank and in hand | 54/58 | €22,159 | €28,950 | +€6,791 | +30.6% |
| Deferred charges and accrued income | 490/1 | €993 | €1,560 | +€566 | +57.0% |
| Total equity and liabilities | 10/49 | €2,504,332 | €2,410,514 | -€93,818 | -3.7% |
| Equity | 10/15 | €724,200 | €766,832 | +€42,632 | +5.9% |
| Contributions | 10/11 | €195,632 | €195,632 | = | 0.0% |
| Revaluation surpluses | 12 | €3,118 | €3,118 | = | 0.0% |
| Reserves | 13 | €525,450 | €568,082 | +€42,632 | +8.1% |
| Tax-exempt reserves | 132 | €21,102 | €21,102 | = | 0.0% |
| Distributable reserves | 133 | €504,349 | €546,980 | +€42,632 | +8.5% |
| Provisions and deferred taxes | 16 | €141,642 | €141,642 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €141,642 | €141,642 | = | 0.0% |
| Pensions and similar obligations | 160 | €141,642 | €141,642 | = | 0.0% |
| Amounts payable | 17/49 | €1,638,490 | €1,502,041 | -€136,450 | -8.3% |
| Amounts payable after more than one year | 17 | €1,076,964 | €983,630 | -€93,333 | -8.7% |
| Financial debts | 170/4 | €1,076,964 | €983,630 | -€93,333 | -8.7% |
| Amounts payable within one year | 42/48 | €514,301 | €477,874 | -€36,427 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €93,333 | €93,333 | = | 0.0% |
| Trade debts | 44 | €5,324 | €4,197 | -€1,127 | -21.2% |
| Suppliers | 440/4 | €5,324 | €4,197 | -€1,127 | -21.2% |
| Taxes, remuneration and social security | 45 | €6,207 | €6,029 | -€178 | -2.9% |
| Taxes | 450/3 | €6,207 | €6,029 | -€178 | -2.9% |
| Other amounts payable | 47/48 | €409,436 | €374,314 | -€35,122 | -8.6% |
| Accrued charges and deferred income | 492/3 | €47,226 | €40,537 | -€6,689 | -14.2% |
| Non-recurring operating income | 76A | €3,774 | €24,706 | +€20,932 | +555% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,602 | €97,246 | -€10,356 | -9.6% |
| Other operating charges | 640/8 | €26,787 | €15,292 | -€11,495 | -42.9% |
| Gross operating margin | 9900 | €238,866 | €240,738 | +€1,872 | +0.8% |
| Operating profit (loss) | 9901 | €104,478 | €128,200 | +€23,722 | +22.7% |
| Financial income | 75/76B | €633 | €0 | -€633 | -100.0% |
| Recurring financial income | 75 | €633 | €0 | -€633 | -100.0% |
| Financial charges | 65/66B | €77,217 | €67,586 | -€9,632 | -12.5% |
| Recurring financial charges | 65 | €77,217 | €67,586 | -€9,632 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €27,893 | €60,614 | +€32,721 | +117% |
| Income taxes | 67/77 | €11,596 | €17,982 | +€6,386 | +55.1% |
| Profit (loss) for the period | 9904 | €16,297 | €42,632 | +€26,335 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €16,297 | €42,632 | +€26,335 | +162% |
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 18 October 2026 via checked.be.