VAN.DO: what changed
Two fiscal 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.DO
Largest movements
- Receivables within one year -€26,596
down €26,596 (-48.1%), from €55,329 to €28,733
of which Trade receivables: -€26,000
- Tangible fixed assets -€17,945
down €17,945 (-11.0%), from €163,549 to €145,605
of which Furniture and vehicles: -€9,481
- Debts after one year -€49,568
down €49,568 (-36.8%), from €134,677 to €85,109
- Other debts -€6,106
no longer reported in 2025 (was €6,106)
- Trade debts +€5,450
up €5,450 (+412.5%), from €1,321 to €6,771
- Short-term financial debts +€4,409
up €4,409 (+697.5%), from €632 to €5,041
- Tax, wage and social debts +€4,135
up €4,135 (+12549.5%), from €33 to €4,168
of which Remuneration and social security: +€2,500
- Depreciation +€4,432
up €4,432 (+26.6%), from €16,678 to €21,110
- Other operating charges +€1,861
up €1,861 (+60.1%), from €3,094 to €4,954
- Gross operating margin +€1,383
up €1,383 (+5.4%), from €25,852 to €27,235
- Financial income +€959
new in 2025: €959
- Financial charges -€478
down €478 (-12.2%), from €3,921 to €3,443
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 | €219,203 | €176,698 | -€42,506 | -19.4% |
| Fixed assets | 21/28 | €163,874 | €145,930 | -€17,945 | -11.0% |
| Tangible fixed assets | 22/27 | €163,549 | €145,605 | -€17,945 | -11.0% |
| Land and buildings | 22 | €118,250 | €111,549 | -€6,701 | -5.7% |
| Plant, machinery and equipment | 23 | €13,381 | €11,618 | -€1,763 | -13.2% |
| Furniture and vehicles | 24 | €31,918 | €22,438 | -€9,481 | -29.7% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €55,329 | €30,768 | -€24,561 | -44.4% |
| Amounts receivable within one year | 40/41 | €55,329 | €28,733 | -€26,596 | -48.1% |
| Trade receivables | 40 | €51,506 | €25,506 | -€26,000 | -50.5% |
| Other amounts receivable | 41 | €3,823 | €3,227 | -€596 | -15.6% |
| Cash at bank and in hand | 54/58 | - | €555 | +€555 | |
| Deferred charges and accrued income | 490/1 | - | €1,480 | +€1,480 | |
| Total equity and liabilities | 10/49 | €219,203 | €176,698 | -€42,506 | -19.4% |
| Equity | 10/15 | €62,915 | €61,601 | -€1,314 | -2.1% |
| Contributions | 10/11 | €19,092 | €19,092 | = | 0.0% |
| Reserves | 13 | €3,508 | €3,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,508 | €3,508 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,508 | €3,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,315 | €39,002 | -€1,314 | -3.3% |
| Amounts payable | 17/49 | €156,288 | €115,096 | -€41,192 | -26.4% |
| Amounts payable after more than one year | 17 | €134,677 | €85,109 | -€49,568 | -36.8% |
| Financial debts | 170/4 | €134,677 | €85,109 | -€49,568 | -36.8% |
| Amounts payable within one year | 42/48 | €21,612 | €29,987 | +€8,376 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €13,520 | €14,008 | +€488 | +3.6% |
| Financial debts | 43 | €632 | €5,041 | +€4,409 | +697.5% |
| Credit institutions | 430/8 | €632 | €5,041 | +€4,409 | +697.5% |
| Trade debts | 44 | €1,321 | €6,771 | +€5,450 | +412.5% |
| Suppliers | 440/4 | €1,321 | €6,771 | +€5,450 | +412.5% |
| Taxes, remuneration and social security | 45 | €33 | €4,168 | +€4,135 | +12549.5% |
| Taxes | 450/3 | €33 | €1,668 | +€1,635 | +4962.2% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €6,106 | - | -€6,106 | |
| Non-recurring operating income | 76A | - | €2,242 | +€2,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,678 | €21,110 | +€4,432 | +26.6% |
| Other operating charges | 640/8 | €3,094 | €4,954 | +€1,861 | +60.1% |
| Gross operating margin | 9900 | €25,852 | €27,235 | +€1,383 | +5.4% |
| Operating profit (loss) | 9901 | €6,080 | €1,171 | -€4,909 | -80.7% |
| Financial income | 75/76B | - | €959 | +€959 | |
| Recurring financial income | 75 | - | €959 | +€959 | |
| Financial charges | 65/66B | €3,921 | €3,443 | -€478 | -12.2% |
| Recurring financial charges | 65 | €3,921 | €3,443 | -€478 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €2,159 | -€1,314 | -€3,472 | |
| Profit (loss) for the period | 9904 | €2,159 | -€1,314 | -€3,472 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,159 | -€1,314 | -€3,472 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.