VAN DER VURST: 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 VURST
Largest movements
- Cash -€283,982
down €283,982 (-84.6%), from €335,586 to €51,605
mainly Net result for the year (-€321,282) and Investment in fixed assets (net) (-€163,873)
- Tangible fixed assets +€123,233
up €123,233 (+151.8%), from €81,166 to €204,399
of which Furniture and vehicles: +€132,552
- Current investments -€118,000
no longer reported in 2025 (was €118,000)
- Deferred charges and accrued income -€100,274
down €100,274 (-86.8%), from €115,464 to €15,190
- Stocks and contracts +€89,273
up €89,273 (+32.3%), from €276,209 to €365,482
of which Contracts in progress: +€45,305
- Profit (loss) carried forward -€321,282
down €321,282 (-44.4%), from €722,935 to €401,653
- Other debts +€250,000
new in 2025: €250,000
- Trade debts -€145,647
down €145,647 (-41.5%), from €350,698 to €205,051
- Gross operating margin -€645,892
down €645,892 (-68.0%), from €949,153 to €303,261
- Staff costs -€123,535
down €123,535 (-17.2%), from €718,684 to €595,148
- Taxes -€44,754
down €44,754 (-98.8%), from €45,305 to €551
- Financial income +€26,289
up €26,289 (+2637.4%), from €997 to €27,286
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.
Cash bridge derived
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 | €1,129,941 | €920,655 | -€209,286 | -18.5% |
| Fixed assets | 21/28 | €111,166 | €234,399 | +€123,233 | +110.9% |
| Tangible fixed assets | 22/27 | €81,166 | €204,399 | +€123,233 | +151.8% |
| Plant, machinery and equipment | 23 | €20,556 | €11,238 | -€9,318 | -45.3% |
| Furniture and vehicles | 24 | €60,610 | €193,161 | +€132,552 | +218.7% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €1,018,775 | €686,256 | -€332,519 | -32.6% |
| Stocks and contracts in progress | 3 | €276,209 | €365,482 | +€89,273 | +32.3% |
| Stocks | 30/36 | €276,209 | €320,177 | +€43,968 | +15.9% |
| Contracts in progress | 37 | - | €45,305 | +€45,305 | |
| Amounts receivable within one year | 40/41 | €173,516 | €253,979 | +€80,463 | +46.4% |
| Trade receivables | 40 | €112,549 | €152,559 | +€40,010 | +35.5% |
| Other amounts receivable | 41 | €60,966 | €101,420 | +€40,454 | +66.4% |
| Current investments | 50/53 | €118,000 | - | -€118,000 | |
| Cash at bank and in hand | 54/58 | €335,586 | €51,605 | -€283,982 | -84.6% |
| Deferred charges and accrued income | 490/1 | €115,464 | €15,190 | -€100,274 | -86.8% |
| Total equity and liabilities | 10/49 | €1,129,941 | €920,655 | -€209,286 | -18.5% |
| Equity | 10/15 | €725,023 | €403,741 | -€321,282 | -44.3% |
| Contributions | 10/11 | €377 | €377 | = | 0.0% |
| Reserves | 13 | €1,617 | €1,617 | = | 0.0% |
| Tax-exempt reserves | 132 | €14 | €14 | = | 0.0% |
| Distributable reserves | 133 | €1,603 | €1,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | €722,935 | €401,653 | -€321,282 | -44.4% |
| Investment grants | 15 | €94 | €94 | = | 0.0% |
| Amounts payable | 17/49 | €404,918 | €516,914 | +€111,996 | +27.7% |
| Amounts payable within one year | 42/48 | €404,918 | €510,462 | +€105,544 | +26.1% |
| Trade debts | 44 | €350,698 | €205,051 | -€145,647 | -41.5% |
| Suppliers | 440/4 | €350,698 | €205,051 | -€145,647 | -41.5% |
| Advances received on contracts in progress | 46 | - | €9,771 | +€9,771 | |
| Taxes, remuneration and social security | 45 | €54,220 | €45,640 | -€8,580 | -15.8% |
| Taxes | 450/3 | €12,242 | €11,314 | -€928 | -7.6% |
| Remuneration and social security | 454/9 | €41,978 | €34,327 | -€7,652 | -18.2% |
| Other amounts payable | 47/48 | - | €250,000 | +€250,000 | |
| Accrued charges and deferred income | 492/3 | - | €6,452 | +€6,452 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €718,684 | €595,148 | -€123,535 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,359 | €40,640 | +€281 | +0.7% |
| Other operating charges | 640/8 | €4,995 | €6,765 | +€1,770 | +35.4% |
| Non-recurring operating charges | 66A | €10,028 | - | -€10,028 | |
| Gross operating margin | 9900 | €949,153 | €303,261 | -€645,892 | -68.0% |
| Operating profit (loss) | 9901 | €175,087 | -€339,293 | -€514,380 | |
| Financial income | 75/76B | €997 | €27,286 | +€26,289 | +2637.4% |
| Recurring financial income | 75 | €997 | €27,286 | +€26,289 | +2637.4% |
| Financial charges | 65/66B | €1,140 | €8,724 | +€7,585 | +665.6% |
| Recurring financial charges | 65 | €1,140 | €8,724 | +€7,585 | +665.6% |
| Profit (loss) for the period before taxes | 9903 | €174,945 | -€320,731 | -€495,676 | |
| Income taxes | 67/77 | €45,305 | €551 | -€44,754 | -98.8% |
| Profit (loss) for the period | 9904 | €129,639 | -€321,282 | -€450,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,639 | -€321,282 | -€450,922 |
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 10 October 2026 via checked.be.