VAN EL: 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 EL
Largest movements
- Tangible fixed assets -€32,162
down €32,162 (-85.1%), from €37,800 to €5,638
of which Furniture and vehicles: -€31,329
- Receivables within one year +€12,032
up €12,032 (+21.6%), from €55,787 to €67,819
of which Other amounts receivable: +€11,147
- Financial fixed assets -€5,000
down €5,000 (-35.3%), from €14,160 to €9,160
- Deferred charges and accrued income -€2,091
no longer reported in 2025 (was €2,091)
- Profit (loss) carried forward -€36,248
down €36,248 (-1058.0%), from -€3,426 to -€39,674
- Tax, wage and social debts +€14,782
up €14,782 (+62.6%), from €23,611 to €38,393
of which Taxes: +€35,313
- Trade debts -€6,173
down €6,173 (-6.5%), from €95,273 to €89,100
- Turnover -€45,680
down €45,680 (-21.7%), from €210,878 to €165,198
- Gross operating margin -€39,433
down €39,433 (-51.9%), from €75,907 to €36,474
- Staff costs -€14,791
down €14,791 (-28.3%), from €52,339 to €37,548
- Purchases and services -€6,831
down €6,831 (-5.0%), from €135,554 to €128,723
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 | €117,258 | €89,619 | -€27,639 | -23.6% |
| Fixed assets | 21/28 | €51,960 | €14,798 | -€37,162 | -71.5% |
| Tangible fixed assets | 22/27 | €37,800 | €5,638 | -€32,162 | -85.1% |
| Plant, machinery and equipment | 23 | €1,250 | €417 | -€833 | -66.7% |
| Furniture and vehicles | 24 | €36,550 | €5,221 | -€31,329 | -85.7% |
| Financial fixed assets | 28 | €14,160 | €9,160 | -€5,000 | -35.3% |
| Current assets | 29/58 | €65,298 | €74,821 | +€9,523 | +14.6% |
| Amounts receivable within one year | 40/41 | €55,787 | €67,819 | +€12,032 | +21.6% |
| Trade receivables | 40 | €43,168 | €44,053 | +€885 | +2.0% |
| Other amounts receivable | 41 | €12,619 | €23,766 | +€11,147 | +88.3% |
| Cash at bank and in hand | 54/58 | €7,420 | €7,002 | -€418 | -5.6% |
| Deferred charges and accrued income | 490/1 | €2,091 | - | -€2,091 | |
| Total equity and liabilities | 10/49 | €117,258 | €89,619 | -€27,639 | -23.6% |
| Equity | 10/15 | -€1,626 | -€37,874 | -€36,248 | -2229.0% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Outside capital | 11 | €1,800 | €1,800 | = | 0.0% |
| Share premium | 1100/10 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,426 | -€39,674 | -€36,248 | -1058.0% |
| Amounts payable | 17/49 | €118,884 | €127,493 | +€8,609 | +7.2% |
| Amounts payable within one year | 42/48 | €118,884 | €127,493 | +€8,609 | +7.2% |
| Trade debts | 44 | €95,273 | €89,100 | -€6,173 | -6.5% |
| Suppliers | 440/4 | €95,273 | €89,100 | -€6,173 | -6.5% |
| Taxes, remuneration and social security | 45 | €23,611 | €38,393 | +€14,782 | +62.6% |
| Taxes | 450/3 | €3,079 | €38,393 | +€35,313 | +1146.8% |
| Remuneration and social security | 454/9 | €20,532 | - | -€20,532 | |
| Turnover | 70 | €210,878 | €165,198 | -€45,680 | -21.7% |
| Non-recurring operating income | 76A | €584 | - | -€584 | |
| Goods, raw materials, services and sundry goods | 60/61 | €135,554 | €128,723 | -€6,831 | -5.0% |
| Remuneration, social security and pensions | 62 | €52,339 | €37,548 | -€14,791 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,162 | €32,162 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €1,449 | +€1,385 | +2170.7% |
| Non-recurring operating charges | 66A | €16,390 | €1,400 | -€14,990 | -91.5% |
| Gross operating margin | 9900 | €75,907 | €36,474 | -€39,433 | -51.9% |
| Operating profit (loss) | 9901 | -€25,048 | -€36,085 | -€11,037 | -44.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €163 | €163 | -€0 | 0.0% |
| Recurring financial charges | 65 | €163 | €163 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,211 | -€36,248 | -€11,037 | -43.8% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€25,211 | -€36,248 | -€11,037 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,211 | -€36,248 | -€11,037 | -43.8% |
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 7 October 2026 via checked.be.