VAN GAEVEREN: 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 GAEVEREN
Largest movements
- Receivables within one year +€73,448
up €73,448 (+66.1%), from €111,032 to €184,479
of which Trade receivables: +€82,370
- Tangible fixed assets +€60,224
up €60,224 (+6.8%), from €880,688 to €940,912
of which Furniture and vehicles: +€99,095
- Stocks and contracts +€45,853
up €45,853 (+13.6%), from €338,250 to €384,103
- Cash -€36,073
down €36,073 (-25.0%), from €144,150 to €108,078
mainly Investment in fixed assets (net) (-€140,002) and Trade debts (-€91,316)
- Reserves +€107,400
up €107,400 (+19.9%), from €538,736 to €646,136
of which Distributable reserves: +€107,400
- Short-term financial debts +€100,000
up €100,000 (+82.0%), from €122,000 to €222,000
- Trade debts -€91,316
down €91,316 (-44.4%), from €205,694 to €114,378
- Gross operating margin +€89,723
up €89,723 (+29.7%), from €302,554 to €392,277
- Taxes +€16,864
up €16,864 (+65.0%), from €25,962 to €42,825
- Staff costs +€6,463
up €6,463 (+5.8%), from €110,601 to €117,064
- Financial charges +€5,028
up €5,028 (+16.0%), from €31,342 to €36,370
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 | €1,488,723 | €1,632,050 | +€143,328 | +9.6% |
| Fixed assets | 21/28 | €895,290 | €955,390 | +€60,100 | +6.7% |
| Tangible fixed assets | 22/27 | €880,688 | €940,912 | +€60,224 | +6.8% |
| Land and buildings | 22 | €825,030 | €781,449 | -€43,581 | -5.3% |
| Plant, machinery and equipment | 23 | €20,769 | €25,478 | +€4,709 | +22.7% |
| Furniture and vehicles | 24 | €34,889 | €133,985 | +€99,095 | +284% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €14,602 | €14,478 | -€124 | -0.8% |
| Current assets | 29/58 | €593,433 | €676,660 | +€83,228 | +14.0% |
| Stocks and contracts in progress | 3 | €338,250 | €384,103 | +€45,853 | +13.6% |
| Stocks | 30/36 | €338,250 | €384,103 | +€45,853 | +13.6% |
| Amounts receivable within one year | 40/41 | €111,032 | €184,479 | +€73,448 | +66.1% |
| Trade receivables | 40 | €99,994 | €182,364 | +€82,370 | +82.4% |
| Other amounts receivable | 41 | €11,038 | €2,115 | -€8,923 | -80.8% |
| Cash at bank and in hand | 54/58 | €144,150 | €108,078 | -€36,073 | -25.0% |
| Total equity and liabilities | 10/49 | €1,488,723 | €1,632,050 | +€143,328 | +9.6% |
| Equity | 10/15 | €588,336 | €695,736 | +€107,400 | +18.3% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €538,736 | €646,136 | +€107,400 | +19.9% |
| Non-distributable reserves | 130/1 | €4,960 | €4,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,960 | €4,960 | = | 0.0% |
| Distributable reserves | 133 | €533,776 | €641,176 | +€107,400 | +20.1% |
| Amounts payable | 17/49 | €900,387 | €936,314 | +€35,927 | +4.0% |
| Amounts payable after more than one year | 17 | €375,189 | €386,315 | +€11,126 | +3.0% |
| Financial debts | 170/4 | €375,189 | €386,315 | +€11,126 | +3.0% |
| Amounts payable within one year | 42/48 | €525,198 | €550,000 | +€24,802 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €87,100 | €99,355 | +€12,255 | +14.1% |
| Financial debts | 43 | €122,000 | €222,000 | +€100,000 | +82.0% |
| Credit institutions | 430/8 | €122,000 | €222,000 | +€100,000 | +82.0% |
| Trade debts | 44 | €205,694 | €114,378 | -€91,316 | -44.4% |
| Suppliers | 440/4 | €205,694 | €114,378 | -€91,316 | -44.4% |
| Advances received on contracts in progress | 46 | €4,990 | €12,855 | +€7,865 | +158% |
| Taxes, remuneration and social security | 45 | €19,218 | €20,723 | +€1,505 | +7.8% |
| Taxes | 450/3 | €3,158 | €4,618 | +€1,460 | +46.2% |
| Remuneration and social security | 454/9 | €16,060 | €16,105 | +€45 | +0.3% |
| Other amounts payable | 47/48 | €86,196 | €80,689 | -€5,507 | -6.4% |
| Remuneration, social security and pensions | 62 | €110,601 | €117,064 | +€6,463 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,144 | €79,902 | +€3,758 | +4.9% |
| Other operating charges | 640/8 | €9,133 | €9,534 | +€401 | +4.4% |
| Gross operating margin | 9900 | €302,554 | €392,277 | +€89,723 | +29.7% |
| Operating profit (loss) | 9901 | €106,676 | €185,777 | +€79,101 | +74.2% |
| Financial income | 75/76B | €25 | €819 | +€794 | +3,221% |
| Recurring financial income | 75 | €25 | €819 | +€794 | +3,221% |
| Financial charges | 65/66B | €31,342 | €36,370 | +€5,028 | +16.0% |
| Recurring financial charges | 65 | €31,342 | €36,370 | +€5,028 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €75,358 | €150,226 | +€74,867 | +99.3% |
| Income taxes | 67/77 | €25,962 | €42,825 | +€16,864 | +65.0% |
| Profit (loss) for the period | 9904 | €49,396 | €107,400 | +€58,004 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €49,396 | €107,400 | +€58,004 | +117% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.