VAN ELVEN: 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 ELVEN
Largest movements
- Cash +€11,413
up €11,413 (+54.9%), from €20,785 to €32,198
mainly Net result for the year (+€5,910) and Accrued charges and deferred income (+€4,848)
- Receivables within one year +€8,911
up €8,911 (+61.5%), from €14,482 to €23,393
of which Trade receivables: +€19,309
- Intangible fixed assets -€3,582
no longer reported in 2025 (was €3,582)
- Stocks and contracts -€1,050
down €1,050 (-64.2%), from €1,635 to €586
- Tangible fixed assets +€779
up €779 (+321.0%), from €243 to €1,022
- Profit (loss) carried forward +€5,910
up €5,910 (+21.9%), from €26,978 to €32,889
- Accrued charges and deferred income +€4,848
new in 2025: €4,848
- Trade debts +€3,492
up €3,492 (+140.3%), from €2,489 to €5,981
- Tax, wage and social debts +€2,222
up €2,222 (+69.5%), from €3,199 to €5,420
- Gross operating margin +€3,307
up €3,307 (+21.4%), from €15,430 to €18,737
- Other operating charges +€2,835
up €2,835 (+233.4%), from €1,215 to €4,050
- Financial charges +€1,676
up €1,676 (+453.6%), from €369 to €2,045
- Depreciation -€614
down €614 (-13.7%), from €4,492 to €3,877
- Taxes +€288
up €288 (+11.2%), from €2,566 to €2,854
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 | €40,726 | €57,198 | +€16,472 | +40.4% |
| Fixed assets | 21/28 | €3,824 | €1,022 | -€2,802 | -73.3% |
| Intangible fixed assets | 21 | €3,582 | - | -€3,582 | |
| Tangible fixed assets | 22/27 | €243 | €1,022 | +€779 | +321.0% |
| Plant, machinery and equipment | 23 | €243 | €1,022 | +€779 | +321.0% |
| Current assets | 29/58 | €36,902 | €56,176 | +€19,274 | +52.2% |
| Stocks and contracts in progress | 3 | €1,635 | €586 | -€1,050 | -64.2% |
| Stocks | 30/36 | €1,635 | €586 | -€1,050 | -64.2% |
| Amounts receivable within one year | 40/41 | €14,482 | €23,393 | +€8,911 | +61.5% |
| Trade receivables | 40 | €2,969 | €22,278 | +€19,309 | +650.4% |
| Other amounts receivable | 41 | €11,514 | €1,115 | -€10,399 | -90.3% |
| Cash at bank and in hand | 54/58 | €20,785 | €32,198 | +€11,413 | +54.9% |
| Total equity and liabilities | 10/49 | €40,726 | €57,198 | +€16,472 | +40.4% |
| Equity | 10/15 | €35,038 | €40,949 | +€5,910 | +16.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €8,060 | €8,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,978 | €32,889 | +€5,910 | +21.9% |
| Amounts payable | 17/49 | €5,688 | €16,249 | +€10,561 | +185.7% |
| Amounts payable within one year | 42/48 | €5,688 | €11,402 | +€5,714 | +100.5% |
| Trade debts | 44 | €2,489 | €5,981 | +€3,492 | +140.3% |
| Suppliers | 440/4 | €2,489 | €5,981 | +€3,492 | +140.3% |
| Taxes, remuneration and social security | 45 | €3,199 | €5,420 | +€2,222 | +69.5% |
| Taxes | 450/3 | €3,199 | €5,420 | +€2,222 | +69.5% |
| Accrued charges and deferred income | 492/3 | - | €4,848 | +€4,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,492 | €3,877 | -€614 | -13.7% |
| Other operating charges | 640/8 | €1,215 | €4,050 | +€2,835 | +233.4% |
| Gross operating margin | 9900 | €15,430 | €18,737 | +€3,307 | +21.4% |
| Operating profit (loss) | 9901 | €9,724 | €10,810 | +€1,086 | +11.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €369 | €2,045 | +€1,676 | +453.6% |
| Recurring financial charges | 65 | €369 | €2,045 | +€1,676 | +453.6% |
| Profit (loss) for the period before taxes | 9903 | €9,355 | €8,765 | -€590 | -6.3% |
| Income taxes | 67/77 | €2,566 | €2,854 | +€288 | +11.2% |
| Profit (loss) for the period | 9904 | €6,788 | €5,910 | -€878 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,788 | €5,910 | -€878 | -12.9% |
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 5 October 2026 via checked.be.