VAN ESPEN: 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 ESPEN
Largest movements
- Cash -€35,840
down €35,840 (-36.1%), from €99,350 to €63,509
mainly Net result for the year (-€20,353) and Contributions, distributions and other (-€18,000)
- Receivables within one year +€14,421
up €14,421 (+204.6%), from €7,048 to €21,469
of which Other amounts receivable: +€21,469
- Tangible fixed assets -€10,765
down €10,765 (-54.0%), from €19,920 to €9,156
of which Land and buildings: -€17,662
- Deferred charges and accrued income -€2,309
down €2,309 (-31.3%), from €7,377 to €5,069
- Profit (loss) carried forward -€20,353
down €20,353 (-91.6%), from €22,225 to €1,872
- Reserves -€18,000
down €18,000 (-17.4%), from €103,460 to €85,460
of which Distributable reserves: -€16,140
- Other debts +€3,546
up €3,546 (+32.0%), from €11,093 to €14,639
- Other operating charges -€1,982
down €1,982 (-70.0%), from €2,831 to €850
- Depreciation +€1,200
up €1,200 (+36.6%), from €3,282 to €4,481
- Financial charges +€823
up €823 (+35.0%), from €2,354 to €3,177
- Financial income -€778
no longer reported in 2025 (was €778)
- Gross operating margin +€214
up €214 (+39.5%), from €542 to €756
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 | €143,958 | €109,465 | -€34,493 | -24.0% |
| Fixed assets | 21/28 | €19,920 | €9,156 | -€10,765 | -54.0% |
| Tangible fixed assets | 22/27 | €19,920 | €9,156 | -€10,765 | -54.0% |
| Land and buildings | 22 | €17,662 | - | -€17,662 | |
| Plant, machinery and equipment | 23 | €1,437 | €9,106 | +€7,669 | +533.8% |
| Furniture and vehicles | 24 | €821 | €50 | -€771 | -93.9% |
| Current assets | 29/58 | €124,037 | €100,309 | -€23,728 | -19.1% |
| Amounts receivable after more than one year | 29 | €10,262 | €10,262 | = | 0.0% |
| Other amounts receivable | 291 | €10,262 | €10,262 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,048 | €21,469 | +€14,421 | +204.6% |
| Trade receivables | 40 | €7,048 | - | -€7,048 | |
| Other amounts receivable | 41 | - | €21,469 | +€21,469 | |
| Cash at bank and in hand | 54/58 | €99,350 | €63,509 | -€35,840 | -36.1% |
| Deferred charges and accrued income | 490/1 | €7,377 | €5,069 | -€2,309 | -31.3% |
| Total equity and liabilities | 10/49 | €143,958 | €109,465 | -€34,493 | -24.0% |
| Equity | 10/15 | €131,885 | €93,532 | -€38,353 | -29.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,460 | €85,460 | -€18,000 | -17.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €101,600 | €85,460 | -€16,140 | -15.9% |
| Profit (loss) carried forward | 14 | €22,225 | €1,872 | -€20,353 | -91.6% |
| Amounts payable | 17/49 | €12,072 | €15,932 | +€3,860 | +32.0% |
| Amounts payable within one year | 42/48 | €12,072 | €15,932 | +€3,860 | +32.0% |
| Trade debts | 44 | €819 | €1,151 | +€332 | +40.5% |
| Suppliers | 440/4 | €819 | €1,151 | +€332 | +40.5% |
| Taxes, remuneration and social security | 45 | €160 | €142 | -€18 | -11.5% |
| Taxes | 450/3 | €160 | €142 | -€18 | -11.5% |
| Other amounts payable | 47/48 | €11,093 | €14,639 | +€3,546 | +32.0% |
| Non-recurring operating income | 76A | - | €21,469 | +€21,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,282 | €4,481 | +€1,200 | +36.6% |
| Other operating charges | 640/8 | €2,831 | €850 | -€1,982 | -70.0% |
| Non-recurring operating charges | 66A | - | €12,460 | +€12,460 | |
| Gross operating margin | 9900 | €542 | €756 | +€214 | +39.5% |
| Operating profit (loss) | 9901 | -€5,571 | -€17,035 | -€11,464 | -205.8% |
| Financial income | 75/76B | €778 | - | -€778 | |
| Recurring financial income | 75 | €778 | - | -€778 | |
| Financial charges | 65/66B | €2,354 | €3,177 | +€823 | +35.0% |
| Recurring financial charges | 65 | €2,354 | €3,177 | +€823 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,147 | -€20,211 | -€13,064 | -182.8% |
| Income taxes | 67/77 | €160 | €142 | -€18 | -11.5% |
| Profit (loss) for the period | 9904 | -€7,307 | -€20,353 | -€13,046 | -178.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,307 | -€20,353 | -€13,046 | -178.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.