van der Voort: 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 Voort
Largest movements
- Cash +€22,141
up €22,141 (+26.7%), from €82,894 to €105,035
mainly Net result for the year (+€26,427) and Trade debts (+€3,484)
- Deferred charges and accrued income +€2,741
up €2,741 (+103%), from €2,670 to €5,412
- Receivables within one year +€1,698
up €1,698 (+72.1%), from €2,354 to €4,052
- Reserves +€26,427
up €26,427 (+40.0%), from €66,123 to €92,550
- Other debts -€5,401
down €5,401 (-85.6%), from €6,312 to €910
- Trade debts +€3,484
up €3,484 (+192%), from €1,812 to €5,296
- Tax, wage and social debts +€3,070
up €3,070 (+26.2%), from €11,720 to €14,789
- Gross operating margin +€11,885
up €11,885 (+29.9%), from €39,725 to €51,610
- Taxes +€10,236
up €10,236 (+120%), from €8,510 to €18,746
- Financial charges +€982
up €982 (+42.0%), from €2,338 to €3,320
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 | €90,966 | €118,545 | +€27,579 | +30.3% |
| Fixed assets | 21/28 | €3,048 | €4,047 | +€999 | +32.8% |
| Tangible fixed assets | 22/27 | €3,048 | €4,047 | +€999 | +32.8% |
| Plant, machinery and equipment | 23 | €337 | €205 | -€132 | -39.2% |
| Furniture and vehicles | 24 | €1,964 | €678 | -€1,287 | -65.5% |
| Other tangible fixed assets | 26 | €747 | €3,164 | +€2,417 | +324% |
| Current assets | 29/58 | €87,918 | €114,499 | +€26,580 | +30.2% |
| Amounts receivable within one year | 40/41 | €2,354 | €4,052 | +€1,698 | +72.1% |
| Trade receivables | 40 | €2,354 | €4,052 | +€1,698 | +72.1% |
| Cash at bank and in hand | 54/58 | €82,894 | €105,035 | +€22,141 | +26.7% |
| Deferred charges and accrued income | 490/1 | €2,670 | €5,412 | +€2,741 | +103% |
| Total equity and liabilities | 10/49 | €90,966 | €118,545 | +€27,579 | +30.3% |
| Equity | 10/15 | €71,123 | €97,550 | +€26,427 | +37.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,123 | €92,550 | +€26,427 | +40.0% |
| Distributable reserves | 133 | €66,123 | €92,550 | +€26,427 | +40.0% |
| Amounts payable | 17/49 | €19,843 | €20,996 | +€1,152 | +5.8% |
| Amounts payable within one year | 42/48 | €19,843 | €20,996 | +€1,152 | +5.8% |
| Trade debts | 44 | €1,812 | €5,296 | +€3,484 | +192% |
| Suppliers | 440/4 | €1,812 | €5,296 | +€3,484 | +192% |
| Taxes, remuneration and social security | 45 | €11,720 | €14,789 | +€3,070 | +26.2% |
| Taxes | 450/3 | €11,720 | €14,789 | +€3,070 | +26.2% |
| Other amounts payable | 47/48 | €6,312 | €910 | -€5,401 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,735 | €1,602 | -€133 | -7.7% |
| Other operating charges | 640/8 | €1,518 | €1,860 | +€342 | +22.5% |
| Gross operating margin | 9900 | €39,725 | €51,610 | +€11,885 | +29.9% |
| Operating profit (loss) | 9901 | €36,472 | €48,149 | +€11,676 | +32.0% |
| Financial income | 75/76B | €2 | €343 | +€341 | +17,060% |
| Recurring financial income | 75 | €2 | €343 | +€341 | +17,060% |
| Financial charges | 65/66B | €2,338 | €3,320 | +€982 | +42.0% |
| Recurring financial charges | 65 | €2,338 | €3,320 | +€982 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €34,136 | €45,172 | +€11,036 | +32.3% |
| Income taxes | 67/77 | €8,510 | €18,746 | +€10,236 | +120% |
| Profit (loss) for the period | 9904 | €25,626 | €26,427 | +€800 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,626 | €26,427 | +€800 | +3.1% |
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 19 October 2026 via checked.be.