Van Gelder Studio: 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 Gelder Studio
Largest movements
- Receivables within one year +€5,592
new in 2025: €5,592
of which Trade receivables: +€3,297
- Cash +€4,498
up €4,498 (+127.2%), from €3,537 to €8,035
mainly Depreciation (+€11,818) and Other debts (+€9,578)
- Tangible fixed assets -€3,556
down €3,556 (-16.7%), from €21,287 to €17,731
of which Furniture and vehicles: -€4,200
- Other debts +€9,578
up €9,578 (+119.7%), from €8,003 to €17,581
- Tax, wage and social debts -€1,976
no longer reported in 2025 (was €1,976)
- Profit (loss) carried forward -€959
down €959 (-7.9%), from €12,065 to €11,106
- Gross operating margin -€15,680
down €15,680 (-50.0%), from €31,377 to €15,697
- Taxes -€2,116
down €2,116 (-39.9%), from €5,301 to €3,185
- Depreciation -€1,333
down €1,333 (-10.1%), from €13,150 to €11,818
- Financial charges +€725
up €725 (+479.6%), from €151 to €877
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 | €24,877 | €31,683 | +€6,806 | +27.4% |
| Fixed assets | 21/28 | €21,287 | €17,731 | -€3,556 | -16.7% |
| Tangible fixed assets | 22/27 | €21,287 | €17,731 | -€3,556 | -16.7% |
| Plant, machinery and equipment | 23 | €10,232 | €10,877 | +€644 | +6.3% |
| Furniture and vehicles | 24 | €10,309 | €6,108 | -€4,200 | -40.7% |
| Other tangible fixed assets | 26 | €747 | €747 | = | 0.0% |
| Current assets | 29/58 | €3,589 | €13,952 | +€10,362 | +288.7% |
| Amounts receivable within one year | 40/41 | - | €5,592 | +€5,592 | |
| Trade receivables | 40 | - | €3,297 | +€3,297 | |
| Other amounts receivable | 41 | - | €2,295 | +€2,295 | |
| Cash at bank and in hand | 54/58 | €3,537 | €8,035 | +€4,498 | +127.2% |
| Deferred charges and accrued income | 490/1 | €53 | €325 | +€272 | +517.0% |
| Total equity and liabilities | 10/49 | €24,877 | €31,683 | +€6,806 | +27.4% |
| Equity | 10/15 | €14,565 | €13,606 | -€959 | -6.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,065 | €11,106 | -€959 | -7.9% |
| Amounts payable | 17/49 | €10,311 | €18,077 | +€7,765 | +75.3% |
| Amounts payable within one year | 42/48 | €10,311 | €18,077 | +€7,765 | +75.3% |
| Trade debts | 44 | €333 | €496 | +€163 | +49.0% |
| Suppliers | 440/4 | €333 | €496 | +€163 | +49.0% |
| Taxes, remuneration and social security | 45 | €1,976 | - | -€1,976 | |
| Taxes | 450/3 | €1,976 | - | -€1,976 | |
| Other amounts payable | 47/48 | €8,003 | €17,581 | +€9,578 | +119.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,150 | €11,818 | -€1,333 | -10.1% |
| Other operating charges | 640/8 | €890 | €777 | -€113 | -12.6% |
| Gross operating margin | 9900 | €31,377 | €15,697 | -€15,680 | -50.0% |
| Operating profit (loss) | 9901 | €17,337 | €3,102 | -€14,235 | -82.1% |
| Financial income | 75/76B | €181 | - | -€181 | |
| Recurring financial income | 75 | €181 | - | -€181 | |
| Financial charges | 65/66B | €151 | €877 | +€725 | +479.6% |
| Recurring financial charges | 65 | €151 | €877 | +€725 | +479.6% |
| Profit (loss) for the period before taxes | 9903 | €17,366 | €2,225 | -€15,141 | -87.2% |
| Income taxes | 67/77 | €5,301 | €3,185 | -€2,116 | -39.9% |
| Profit (loss) for the period | 9904 | €12,065 | -€959 | -€13,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,065 | -€959 | -€13,024 |
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 10 October 2026 via checked.be.