VAN ENDE: what changed
VAN ENDE
Largest movements
- Cash -€119,191
down €119,191 (-57.3%), from €207,900 to €88,709
mainly Contributions, distributions and other (-€90,000) and Deferred charges and accrued income (-€42,197)
- Receivables within one year -€74,872
down €74,872 (-31.5%), from €237,850 to €162,978
of which Other amounts receivable: -€81,303
- Deferred charges and accrued income +€42,197
new in 2025: €42,197
- Tangible fixed assets -€23,925
down €23,925 (-19.3%), from €123,999 to €100,074
of which Furniture and vehicles: -€20,653
- Stocks and contracts +€20,000
new in 2025: €20,000
- Reserves -€90,000
down €90,000 (-25.1%), from €358,016 to €268,016
of which Distributable reserves: -€90,000
- Profit (loss) carried forward -€21,900
new in 2025: -€21,900
- Tax, wage and social debts -€19,985
down €19,985 (-46.4%), from €43,042 to €23,057
of which Taxes: -€27,412
- Other debts -€10,450
no longer reported in 2025 (was €10,450)
- Trade debts -€9,873
down €9,873 (-62.1%), from €15,896 to €6,023
- Gross operating margin -€73,286
down €73,286 (-30.7%), from €238,908 to €165,622
- Staff costs +€20,972
up €20,972 (+17.3%), from €121,139 to €142,111
- Taxes -€18,350
down €18,350 (-95.6%), from €19,200 to €850
- Financial income +€6,177
up €6,177 (+154%), from €4,018 to €10,195
- Depreciation +€2,796
up €2,796 (+7.0%), from €40,129 to €42,925
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €574,799 | €434,324 | -€140,475 | -24.4% |
| Fixed assets | 21/28 | €129,049 | €104,849 | -€24,200 | -18.8% |
| Tangible fixed assets | 22/27 | €123,999 | €100,074 | -€23,925 | -19.3% |
| Plant, machinery and equipment | 23 | €4,652 | €3,011 | -€1,641 | -35.3% |
| Furniture and vehicles | 24 | €116,384 | €95,731 | -€20,653 | -17.7% |
| Other tangible fixed assets | 26 | €2,963 | €1,332 | -€1,631 | -55.0% |
| Financial fixed assets | 28 | €5,050 | €4,775 | -€275 | -5.4% |
| Current assets | 29/58 | €445,750 | €329,475 | -€116,275 | -26.1% |
| Stocks and contracts in progress | 3 | - | €20,000 | +€20,000 | |
| Stocks | 30/36 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €237,850 | €162,978 | -€74,872 | -31.5% |
| Trade receivables | 40 | €132,330 | €138,761 | +€6,431 | +4.9% |
| Other amounts receivable | 41 | €105,520 | €24,217 | -€81,303 | -77.0% |
| Current investments | 50/53 | - | €15,591 | +€15,591 | |
| Cash at bank and in hand | 54/58 | €207,900 | €88,709 | -€119,191 | -57.3% |
| Deferred charges and accrued income | 490/1 | - | €42,197 | +€42,197 | |
| Total equity and liabilities | 10/49 | €574,799 | €434,324 | -€140,475 | -24.4% |
| Equity | 10/15 | €364,216 | €252,316 | -€111,900 | -30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €358,016 | €268,016 | -€90,000 | -25.1% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Distributable reserves | 133 | €356,136 | €266,136 | -€90,000 | -25.3% |
| Profit (loss) carried forward | 14 | - | -€21,900 | -€21,900 | |
| Amounts payable | 17/49 | €210,583 | €182,008 | -€28,575 | -13.6% |
| Amounts payable after more than one year | 17 | €91,596 | €95,469 | +€3,873 | +4.2% |
| Financial debts | 170/4 | €91,596 | €95,469 | +€3,873 | +4.2% |
| Amounts payable within one year | 42/48 | €118,987 | €86,539 | -€32,448 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €49,599 | €57,459 | +€7,860 | +15.8% |
| Trade debts | 44 | €15,896 | €6,023 | -€9,873 | -62.1% |
| Suppliers | 440/4 | €15,896 | €6,023 | -€9,873 | -62.1% |
| Taxes, remuneration and social security | 45 | €43,042 | €23,057 | -€19,985 | -46.4% |
| Taxes | 450/3 | €33,755 | €6,343 | -€27,412 | -81.2% |
| Remuneration and social security | 454/9 | €9,287 | €16,714 | +€7,427 | +80.0% |
| Other amounts payable | 47/48 | €10,450 | - | -€10,450 | |
| Remuneration, social security and pensions | 62 | €121,139 | €142,111 | +€20,972 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,129 | €42,925 | +€2,796 | +7.0% |
| Other operating charges | 640/8 | €3,396 | €5,013 | +€1,617 | +47.6% |
| Non-recurring operating charges | 66A | €8,284 | - | -€8,284 | |
| Gross operating margin | 9900 | €238,908 | €165,622 | -€73,286 | -30.7% |
| Operating profit (loss) | 9901 | €65,960 | -€24,427 | -€90,387 | |
| Financial income | 75/76B | €4,018 | €10,195 | +€6,177 | +154% |
| Recurring financial income | 75 | €4,018 | €10,195 | +€6,177 | +154% |
| Financial charges | 65/66B | €6,362 | €6,818 | +€456 | +7.2% |
| Recurring financial charges | 65 | €6,362 | €6,818 | +€456 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €63,616 | -€21,050 | -€84,666 | |
| Income taxes | 67/77 | €19,200 | €850 | -€18,350 | -95.6% |
| Profit (loss) for the period | 9904 | €44,416 | -€21,900 | -€66,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,416 | -€21,900 | -€66,316 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.