Van Gele: what changed
What changed
Van Gele
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€50,111
2024 · -€8,067+€58,178
Equity
€253,274
2024 · €203,163+€50,111
Cash
€59,814
2024 · €5,215+€54,599
Balance sheet total
€542,099
2024 · €619,077-€76,979
Largest movements
Assets
- Tangible fixed assets -€131,071
down €131,071 (-21.6%), from €605,446 to €474,374
of which Land and buildings: -€120,376
- Cash +€54,599
up €54,599 (+1,047%), from €5,215 to €59,814
mainly Investment in fixed assets (net) (+€103,130) and Net result for the year (+€50,111)
Equity and liabilities
- Other debts -€76,306
down €76,306 (-95.5%), from €79,929 to €3,623
- Debts after one year -€51,008
down €51,008 (-15.7%), from €324,252 to €273,244
- Profit (loss) carried forward +€50,111
up €50,111 (+153%), from €32,758 to €82,869
Income statement
- Gross operating margin +€69,997
up €69,997 (+201%), from €34,815 to €104,812
- Taxes +€16,181
up €16,181 (+6,675%), from €242 to €16,423
- Depreciation -€5,296
down €5,296 (-15.9%), from €33,237 to €27,941
- Financial charges +€2,277
up €2,277 (+54.1%), from €4,207 to €6,484
- Other operating charges -€1,282
down €1,282 (-25.0%), from €5,135 to €3,853
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,067
Gross operating margin
+€69,997
Depreciation
+€5,296
Other operating charges
+€1,282
Other operating items
+€66
Financial income
-€5
Financial charges
-€2,277
Taxes
-€16,181
Result 2025
€50,111
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,316
Investment
+€103,130
Financing
-€50,847
Cash 2024
€5,215
From operations (derived)
+€2,316
Net result for the year
+€50,111
Depreciation
+€27,941
Receivables within one year
+€419
Deferred charges and accrued income
+€87
Trade debts
-€1,032
Tax, wage and social debts
+€263
Other debts
-€76,306
Accrued charges and deferred income
+€832
Investment (derived)
+€103,130
Investment in fixed assets (net)
+€103,130
Financing
-€50,847
Debts after one year
-€51,008
Current portion of long-term debt
+€161
Cash 2025
€59,814
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,077 | €542,099 | -€76,979 | -12.4% |
| Fixed assets | 21/28 | €605,446 | €474,374 | -€131,071 | -21.6% |
| Tangible fixed assets | 22/27 | €605,446 | €474,374 | -€131,071 | -21.6% |
| Land and buildings | 22 | €594,000 | €473,624 | -€120,376 | -20.3% |
| Plant, machinery and equipment | 23 | €136 | - | -€136 | |
| Furniture and vehicles | 24 | €11,310 | €750 | -€10,560 | -93.4% |
| Current assets | 29/58 | €13,632 | €67,724 | +€54,093 | +397% |
| Amounts receivable within one year | 40/41 | €7,687 | €7,267 | -€419 | -5.5% |
| Trade receivables | 40 | €7,687 | €7,155 | -€531 | -6.9% |
| Other amounts receivable | 41 | - | €112 | +€112 | |
| Cash at bank and in hand | 54/58 | €5,215 | €59,814 | +€54,599 | +1,047% |
| Deferred charges and accrued income | 490/1 | €730 | €643 | -€87 | -12.0% |
| Total equity and liabilities | 10/49 | €619,077 | €542,099 | -€76,979 | -12.4% |
| Equity | 10/15 | €203,163 | €253,274 | +€50,111 | +24.7% |
| Contributions | 10/11 | €168,550 | €168,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,758 | €82,869 | +€50,111 | +153% |
| Amounts payable | 17/49 | €415,915 | €288,825 | -€127,090 | -30.6% |
| Amounts payable after more than one year | 17 | €324,252 | €273,244 | -€51,008 | -15.7% |
| Financial debts | 170/4 | €324,252 | €273,244 | -€51,008 | -15.7% |
| Amounts payable within one year | 42/48 | €91,663 | €14,749 | -€76,913 | -83.9% |
| Current portion of amounts payable after more than one year | 42 | €8,326 | €8,487 | +€161 | +1.9% |
| Trade debts | 44 | €1,455 | €423 | -€1,032 | -70.9% |
| Suppliers | 440/4 | €1,455 | €423 | -€1,032 | -70.9% |
| Taxes, remuneration and social security | 45 | €1,953 | €2,216 | +€263 | +13.5% |
| Taxes | 450/3 | €1,953 | €2,216 | +€263 | +13.5% |
| Other amounts payable | 47/48 | €79,929 | €3,623 | -€76,306 | -95.5% |
| Accrued charges and deferred income | 492/3 | - | €832 | +€832 | |
| Non-recurring operating income | 76A | €3,177 | €71,960 | +€68,783 | +2,165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,237 | €27,941 | -€5,296 | -15.9% |
| Other operating charges | 640/8 | €5,135 | €3,853 | -€1,282 | -25.0% |
| Non-recurring operating charges | 66A | €66 | - | -€66 | |
| Gross operating margin | 9900 | €34,815 | €104,812 | +€69,997 | +201% |
| Operating profit (loss) | 9901 | -€3,623 | €73,019 | +€76,642 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €4,207 | €6,484 | +€2,277 | +54.1% |
| Recurring financial charges | 65 | €4,207 | €6,484 | +€2,277 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,825 | €66,535 | +€74,359 | |
| Income taxes | 67/77 | €242 | €16,423 | +€16,181 | +6,675% |
| Profit (loss) for the period | 9904 | -€8,067 | €50,111 | +€58,178 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,067 | €50,111 | +€58,178 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.