Van der Vecken: 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 Vecken
Largest movements
- Cash +€13,095
up €13,095 (+169%), from €7,735 to €20,829
mainly Current portion of long-term debt (+€13,317) and Net result for the year (+€8,868)
- Tangible fixed assets +€10,397
up €10,397 (+19.4%), from €53,539 to €63,936
of which Other tangible fixed assets: +€9,976
- Current investments +€3,600
up €3,600 (+85.7%), from €4,200 to €7,800
- Receivables within one year -€2,319
down €2,319 (-86.2%), from €2,689 to €370
of which Other amounts receivable: -€2,286
- Current portion of long-term debt +€13,317
up €13,317 (+148%), from €8,989 to €22,306
- Reserves +€8,000
up €8,000 (+26.8%), from €29,860 to €37,860
- Debts after one year +€2,234
up €2,234 (+11.8%), from €18,960 to €21,194
- Tax, wage and social debts +€1,297
up €1,297 (+49.0%), from €2,646 to €3,943
- Purchases and services +€28,258
up €28,258 (+26.1%), from €108,332 to €136,590
- Turnover +€26,000
up €26,000 (+21.7%), from €120,000 to €146,000
- Depreciation +€1,962
up €1,962 (+28.4%), from €6,895 to €8,857
- Gross operating margin +€1,717
up €1,717 (+6.7%), from €25,512 to €27,229
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 | €75,706 | €101,200 | +€25,494 | +33.7% |
| Fixed assets | 21/28 | €59,739 | €70,136 | +€10,397 | +17.4% |
| Tangible fixed assets | 22/27 | €53,539 | €63,936 | +€10,397 | +19.4% |
| Furniture and vehicles | 24 | €695 | €1,117 | +€421 | +60.6% |
| Other tangible fixed assets | 26 | €52,843 | €62,819 | +€9,976 | +18.9% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €15,967 | €31,064 | +€15,097 | +94.6% |
| Amounts receivable within one year | 40/41 | €2,689 | €370 | -€2,319 | -86.2% |
| Trade receivables | 40 | €208 | €175 | -€33 | -15.8% |
| Other amounts receivable | 41 | €2,481 | €195 | -€2,286 | -92.1% |
| Current investments | 50/53 | €4,200 | €7,800 | +€3,600 | +85.7% |
| Cash at bank and in hand | 54/58 | €7,735 | €20,829 | +€13,095 | +169% |
| Deferred charges and accrued income | 490/1 | €1,343 | €2,064 | +€721 | +53.7% |
| Total equity and liabilities | 10/49 | €75,706 | €101,200 | +€25,494 | +33.7% |
| Equity | 10/15 | €42,977 | €51,844 | +€8,868 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,860 | €37,860 | +€8,000 | +26.8% |
| Distributable reserves | 133 | €29,860 | €37,860 | +€8,000 | +26.8% |
| Profit (loss) carried forward | 14 | €6,917 | €7,784 | +€868 | +12.5% |
| Amounts payable | 17/49 | €32,729 | €49,356 | +€16,627 | +50.8% |
| Amounts payable after more than one year | 17 | €18,960 | €21,194 | +€2,234 | +11.8% |
| Financial debts | 170/4 | €18,960 | €21,194 | +€2,234 | +11.8% |
| Amounts payable within one year | 42/48 | €13,768 | €28,162 | +€14,393 | +105% |
| Current portion of amounts payable after more than one year | 42 | €8,989 | €22,306 | +€13,317 | +148% |
| Trade debts | 44 | €2,133 | €1,913 | -€220 | -10.3% |
| Suppliers | 440/4 | €2,133 | €1,913 | -€220 | -10.3% |
| Taxes, remuneration and social security | 45 | €2,646 | €3,943 | +€1,297 | +49.0% |
| Taxes | 450/3 | €2,646 | €3,943 | +€1,297 | +49.0% |
| Turnover | 70 | €120,000 | €146,000 | +€26,000 | +21.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €108,332 | €136,590 | +€28,258 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,895 | €8,857 | +€1,962 | +28.4% |
| Other operating charges | 640/8 | €3,588 | €3,950 | +€361 | +10.1% |
| Gross operating margin | 9900 | €25,512 | €27,229 | +€1,717 | +6.7% |
| Operating profit (loss) | 9901 | €15,029 | €14,423 | -€606 | -4.0% |
| Financial income | 75/76B | €9 | €542 | +€533 | +5,881% |
| Recurring financial income | 75 | €9 | €542 | +€533 | +5,881% |
| Financial charges | 65/66B | €1,727 | €2,460 | +€733 | +42.4% |
| Recurring financial charges | 65 | €1,727 | €2,460 | +€733 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €13,311 | €12,505 | -€805 | -6.1% |
| Income taxes | 67/77 | €3,214 | €3,638 | +€424 | +13.2% |
| Profit (loss) for the period | 9904 | €10,097 | €8,868 | -€1,229 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,097 | €8,868 | -€1,229 | -12.2% |
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 24 October 2026 via checked.be.