VAN der VEKEN: 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 VEKEN
Largest movements
- Receivables after one year -€27,398
down €27,398 (-45.7%), from €60,000 to €32,602
- Tangible fixed assets -€3,415
down €3,415 (-22.8%), from €14,981 to €11,566
of which Land and buildings: -€3,401
- Receivables within one year +€1,959
up €1,959 (+6.6%), from €29,487 to €31,446
of which Other amounts receivable: +€2,325
- Other debts -€27,398
down €27,398 (-100%), from €27,398 to €0
- Reserves +€9,865
up €9,865 (+24.0%), from €41,179 to €51,044
of which Distributable reserves: +€9,865
- Current portion of long-term debt -€6,606
down €6,606 (-38.9%), from €16,988 to €10,382
- Debts after one year -€6,591
down €6,591 (-100%), from €6,591 to €0
- Tax, wage and social debts +€2,315
up €2,315 (+178%), from €1,300 to €3,615
of which Taxes: +€1,840
- Gross operating margin +€6,098
up €6,098 (+22.5%), from €27,078 to €33,176
- Taxes +€1,217
up €1,217 (+32.9%), from €3,695 to €4,912
- Other operating charges +€967
up €967 (+31.7%), from €3,051 to €4,019
- Depreciation +€870
up €870 (+7.2%), from €12,082 to €12,952
- Financial charges -€572
down €572 (-31.8%), from €1,800 to €1,228
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 | €105,485 | €76,338 | -€29,147 | -27.6% |
| Fixed assets | 21/28 | €14,981 | €11,566 | -€3,415 | -22.8% |
| Tangible fixed assets | 22/27 | €14,981 | €11,566 | -€3,415 | -22.8% |
| Land and buildings | 22 | €12,081 | €8,680 | -€3,401 | -28.2% |
| Plant, machinery and equipment | 23 | €86 | €0 | -€86 | -100% |
| Other tangible fixed assets | 26 | €2,813 | €2,886 | +€73 | +2.6% |
| Current assets | 29/58 | €90,504 | €64,772 | -€25,732 | -28.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €32,602 | -€27,398 | -45.7% |
| Other amounts receivable | 291 | €60,000 | €32,602 | -€27,398 | -45.7% |
| Amounts receivable within one year | 40/41 | €29,487 | €31,446 | +€1,959 | +6.6% |
| Trade receivables | 40 | €5,523 | €5,157 | -€366 | -6.6% |
| Other amounts receivable | 41 | €23,964 | €26,289 | +€2,325 | +9.7% |
| Cash at bank and in hand | 54/58 | €445 | €445 | +€0 | +0.1% |
| Deferred charges and accrued income | 490/1 | €572 | €279 | -€293 | -51.3% |
| Total equity and liabilities | 10/49 | €105,485 | €76,338 | -€29,147 | -27.6% |
| Equity | 10/15 | €47,377 | €57,242 | +€9,865 | +20.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €41,179 | €51,044 | +€9,865 | +24.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €39,320 | €49,185 | +€9,865 | +25.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,108 | €19,096 | -€39,012 | -67.1% |
| Amounts payable after more than one year | 17 | €6,591 | €0 | -€6,591 | -100% |
| Financial debts | 170/4 | €6,591 | €0 | -€6,591 | -100% |
| Amounts payable within one year | 42/48 | €50,342 | €19,096 | -€31,246 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €16,988 | €10,382 | -€6,606 | -38.9% |
| Financial debts | 43 | €3,267 | €4,654 | +€1,387 | +42.4% |
| Credit institutions | 430/8 | €3,267 | €4,654 | +€1,387 | +42.4% |
| Trade debts | 44 | €1,390 | €446 | -€944 | -67.9% |
| Suppliers | 440/4 | €1,390 | €446 | -€944 | -67.9% |
| Taxes, remuneration and social security | 45 | €1,300 | €3,615 | +€2,315 | +178% |
| Taxes | 450/3 | €1,300 | €3,140 | +€1,840 | +142% |
| Remuneration and social security | 454/9 | €0 | €475 | +€475 | |
| Other amounts payable | 47/48 | €27,398 | €0 | -€27,398 | -100% |
| Accrued charges and deferred income | 492/3 | €1,175 | €0 | -€1,175 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,082 | €12,952 | +€870 | +7.2% |
| Other operating charges | 640/8 | €3,051 | €4,019 | +€967 | +31.7% |
| Gross operating margin | 9900 | €27,078 | €33,176 | +€6,098 | +22.5% |
| Operating profit (loss) | 9901 | €11,945 | €16,005 | +€4,061 | +34.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +167% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +167% |
| Financial charges | 65/66B | €1,800 | €1,228 | -€572 | -31.8% |
| Recurring financial charges | 65 | €1,800 | €1,228 | -€572 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €10,145 | €14,777 | +€4,633 | +45.7% |
| Income taxes | 67/77 | €3,695 | €4,912 | +€1,217 | +32.9% |
| Profit (loss) for the period | 9904 | €6,449 | €9,865 | +€3,416 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,449 | €9,865 | +€3,416 | +53.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.