VAN EXEL: 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 EXEL
Largest movements
- Cash +€26,253
up €26,253 (+1,613%), from €1,627 to €27,880
mainly Net result for the year (+€53,333) and Tax, wage and social debts (+€10,040)
- Receivables within one year -€5,982
down €5,982 (-10.2%), from €58,926 to €52,944
of which Trade receivables: -€44,013
- Tangible fixed assets -€2,329
down €2,329 (-16.5%), from €14,136 to €11,807
of which Plant, machinery and equipment: -€1,683
- Profit (loss) carried forward +€53,334
up €53,334, from -€10,589 to €42,745
- Trade debts -€45,893
down €45,893 (-89.4%), from €51,349 to €5,456
- Tax, wage and social debts +€10,040
up €10,040 (+47.5%), from €21,129 to €31,169
- Gross operating margin +€83,285
up €83,285, from -€6,699 to €76,586
- Taxes +€17,449
up €17,449 (+3,339%), from €522 to €17,971
- Depreciation +€1,336
up €1,336 (+134%), from €993 to €2,329
- Financial income +€1,227
up €1,227 (+12,269,900%), from €0 to €1,227
- Other operating charges -€786
down €786 (-18.5%), from €4,250 to €3,464
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.
Derived cash bridge
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 | €74,690 | €92,631 | +€17,941 | +24.0% |
| Fixed assets | 21/28 | €14,136 | €11,807 | -€2,329 | -16.5% |
| Tangible fixed assets | 22/27 | €14,136 | €11,807 | -€2,329 | -16.5% |
| Plant, machinery and equipment | 23 | €5,851 | €4,168 | -€1,683 | -28.8% |
| Furniture and vehicles | 24 | €8,286 | €7,639 | -€647 | -7.8% |
| Current assets | 29/58 | €60,553 | €80,824 | +€20,271 | +33.5% |
| Amounts receivable within one year | 40/41 | €58,926 | €52,944 | -€5,982 | -10.2% |
| Trade receivables | 40 | €51,659 | €7,646 | -€44,013 | -85.2% |
| Other amounts receivable | 41 | €7,268 | €45,298 | +€38,030 | +523% |
| Cash at bank and in hand | 54/58 | €1,627 | €27,880 | +€26,253 | +1,613% |
| Total equity and liabilities | 10/49 | €74,690 | €92,631 | +€17,941 | +24.0% |
| Equity | 10/15 | €2,211 | €55,545 | +€53,334 | +2,412% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,589 | €42,745 | +€53,334 | |
| Amounts payable | 17/49 | €72,478 | €37,086 | -€35,392 | -48.8% |
| Amounts payable within one year | 42/48 | €72,478 | €36,625 | -€35,853 | -49.5% |
| Trade debts | 44 | €51,349 | €5,456 | -€45,893 | -89.4% |
| Suppliers | 440/4 | €51,349 | €5,456 | -€45,893 | -89.4% |
| Taxes, remuneration and social security | 45 | €21,129 | €31,169 | +€10,040 | +47.5% |
| Taxes | 450/3 | €21,129 | €31,169 | +€10,040 | +47.5% |
| Accrued charges and deferred income | 492/3 | - | €461 | +€461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €993 | €2,329 | +€1,336 | +134% |
| Other operating charges | 640/8 | €4,250 | €3,464 | -€786 | -18.5% |
| Gross operating margin | 9900 | -€6,699 | €76,586 | +€83,285 | |
| Operating profit (loss) | 9901 | -€11,942 | €70,793 | +€82,735 | |
| Financial income | 75/76B | €0 | €1,227 | +€1,227 | +12,269,900% |
| Recurring financial income | 75 | €0 | €1,227 | +€1,227 | +12,269,900% |
| Financial charges | 65/66B | €803 | €716 | -€87 | -10.8% |
| Recurring financial charges | 65 | €803 | €716 | -€87 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,745 | €71,304 | +€84,049 | |
| Income taxes | 67/77 | €522 | €17,971 | +€17,449 | +3,339% |
| Profit (loss) for the period | 9904 | -€13,267 | €53,333 | +€66,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,267 | €53,333 | +€66,600 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.