VAN GASSEN: 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 GASSEN
Largest movements
- Tangible fixed assets -€48,943
down €48,943 (-5.4%), from €911,958 to €863,016
of which Other tangible fixed assets: -€41,384
- Receivables within one year -€22,478
down €22,478 (-5.6%), from €402,286 to €379,808
of which Trade receivables: -€40,637
- Trade debts -€29,855
down €29,855 (-31.3%), from €95,261 to €65,407
- Debts after one year -€25,281
down €25,281 (-4.5%), from €562,063 to €536,782
- Reserves +€19,630
up €19,630 (+7.5%), from €262,030 to €281,660
of which Distributable reserves: +€19,630
- Tax, wage and social debts -€18,036
down €18,036 (-12.8%), from €141,101 to €123,064
of which Taxes: -€16,872
- Current portion of long-term debt -€15,367
down €15,367 (-28.2%), from €54,441 to €39,074
- Staff costs -€32,057
down €32,057 (-9.7%), from €330,578 to €298,521
- Financial charges +€15,948
up €15,948 (+69.0%), from €23,098 to €39,046
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,321,946 | €1,250,656 | -€71,289 | -5.4% |
| Fixed assets | 21/28 | €911,958 | €863,016 | -€48,943 | -5.4% |
| Tangible fixed assets | 22/27 | €911,958 | €863,016 | -€48,943 | -5.4% |
| Plant, machinery and equipment | 23 | €27,557 | €22,981 | -€4,576 | -16.6% |
| Furniture and vehicles | 24 | €10,645 | €7,663 | -€2,982 | -28.0% |
| Other tangible fixed assets | 26 | €873,756 | €832,372 | -€41,384 | -4.7% |
| Current assets | 29/58 | €409,987 | €387,641 | -€22,346 | -5.5% |
| Amounts receivable within one year | 40/41 | €402,286 | €379,808 | -€22,478 | -5.6% |
| Trade receivables | 40 | €221,856 | €181,219 | -€40,637 | -18.3% |
| Other amounts receivable | 41 | €180,430 | €198,588 | +€18,159 | +10.1% |
| Cash at bank and in hand | 54/58 | €7,701 | €7,833 | +€132 | +1.7% |
| Total equity and liabilities | 10/49 | €1,321,946 | €1,250,656 | -€71,289 | -5.4% |
| Equity | 10/15 | €337,030 | €356,660 | +€19,630 | +5.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €262,030 | €281,660 | +€19,630 | +7.5% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €254,530 | €274,160 | +€19,630 | +7.7% |
| Amounts payable | 17/49 | €984,915 | €893,996 | -€90,919 | -9.2% |
| Amounts payable after more than one year | 17 | €562,063 | €536,782 | -€25,281 | -4.5% |
| Financial debts | 170/4 | €562,063 | €536,782 | -€25,281 | -4.5% |
| Amounts payable within one year | 42/48 | €422,852 | €357,214 | -€65,638 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €54,441 | €39,074 | -€15,367 | -28.2% |
| Financial debts | 43 | €132,049 | €129,669 | -€2,380 | -1.8% |
| Credit institutions | 430/8 | €132,049 | €129,669 | -€2,380 | -1.8% |
| Trade debts | 44 | €95,261 | €65,407 | -€29,855 | -31.3% |
| Suppliers | 440/4 | €95,261 | €65,407 | -€29,855 | -31.3% |
| Taxes, remuneration and social security | 45 | €141,101 | €123,064 | -€18,036 | -12.8% |
| Taxes | 450/3 | €78,717 | €61,846 | -€16,872 | -21.4% |
| Remuneration and social security | 454/9 | €62,383 | €61,218 | -€1,165 | -1.9% |
| Remuneration, social security and pensions | 62 | €330,578 | €298,521 | -€32,057 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,396 | €48,943 | -€453 | -0.9% |
| Other operating charges | 640/8 | €13,278 | €15,248 | +€1,970 | +14.8% |
| Gross operating margin | 9900 | €432,424 | €428,963 | -€3,460 | -0.8% |
| Operating profit (loss) | 9901 | €39,172 | €66,252 | +€27,080 | +69.1% |
| Financial income | 75/76B | €441 | - | -€441 | |
| Recurring financial income | 75 | €441 | - | -€441 | |
| Financial charges | 65/66B | €23,098 | €39,046 | +€15,948 | +69.0% |
| Recurring financial charges | 65 | €23,098 | €39,046 | +€15,948 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €16,515 | €27,206 | +€10,691 | +64.7% |
| Income taxes | 67/77 | €5,365 | €7,576 | +€2,211 | +41.2% |
| Profit (loss) for the period | 9904 | €11,150 | €19,630 | +€8,480 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,150 | €19,630 | +€8,480 | +76.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.