VAN GESTEL-DELEU: 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 GESTEL-DELEU
Largest movements
- Receivables within one year +€129,577
up €129,577 (+44.8%), from €289,333 to €418,910
of which Trade receivables: +€135,860
- Tangible fixed assets +€108,504
up €108,504 (+33.5%), from €323,984 to €432,487
- Other debts +€141,631
up €141,631 (+35.5%), from €398,596 to €540,227
- Trade debts +€134,702
up €134,702 (+67.2%), from €200,422 to €335,124
- Profit (loss) carried forward -€41,416
down €41,416 (-829%), from -€4,997 to -€46,413
- Depreciation +€24,246
up €24,246 (+196%), from €12,387 to €36,633
- Gross operating margin +€12,633
up €12,633, from -€4,408 to €8,226
- Other operating charges +€6,394
up €6,394 (+993%), from €644 to €7,038
- Financial charges +€3,315
up €3,315 (+96.3%), from €3,444 to €6,759
- Financial income -€204
down €204 (-20.6%), from €992 to €788
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 | €620,386 | €855,303 | +€234,916 | +37.9% |
| Fixed assets | 21/28 | €323,984 | €432,487 | +€108,504 | +33.5% |
| Tangible fixed assets | 22/27 | €323,984 | €432,487 | +€108,504 | +33.5% |
| Land and buildings | 22 | €323,984 | €432,487 | +€108,504 | +33.5% |
| Current assets | 29/58 | €296,403 | €422,815 | +€126,413 | +42.6% |
| Amounts receivable within one year | 40/41 | €289,333 | €418,910 | +€129,577 | +44.8% |
| Trade receivables | 40 | €228,848 | €364,708 | +€135,860 | +59.4% |
| Other amounts receivable | 41 | €60,485 | €54,202 | -€6,283 | -10.4% |
| Cash at bank and in hand | 54/58 | €7,070 | €3,905 | -€3,164 | -44.8% |
| Total equity and liabilities | 10/49 | €620,386 | €855,303 | +€234,916 | +37.9% |
| Equity | 10/15 | €21,032 | -€20,384 | -€41,416 | |
| Contributions | 10/11 | €26,029 | €26,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,997 | -€46,413 | -€41,416 | -829% |
| Amounts payable | 17/49 | €599,354 | €875,687 | +€276,333 | +46.1% |
| Amounts payable within one year | 42/48 | €599,354 | €875,687 | +€276,333 | +46.1% |
| Trade debts | 44 | €200,422 | €335,124 | +€134,702 | +67.2% |
| Suppliers | 440/4 | €200,422 | €335,124 | +€134,702 | +67.2% |
| Taxes, remuneration and social security | 45 | €336 | €336 | = | 0.0% |
| Taxes | 450/3 | €336 | €336 | = | 0.0% |
| Other amounts payable | 47/48 | €398,596 | €540,227 | +€141,631 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,387 | €36,633 | +€24,246 | +196% |
| Other operating charges | 640/8 | €644 | €7,038 | +€6,394 | +993% |
| Gross operating margin | 9900 | -€4,408 | €8,226 | +€12,633 | |
| Operating profit (loss) | 9901 | -€17,438 | -€35,445 | -€18,007 | -103% |
| Financial income | 75/76B | €992 | €788 | -€204 | -20.6% |
| Recurring financial income | 75 | €992 | €788 | -€204 | -20.6% |
| Financial charges | 65/66B | €3,444 | €6,759 | +€3,315 | +96.3% |
| Recurring financial charges | 65 | €3,444 | €6,759 | +€3,315 | +96.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,890 | -€41,416 | -€21,527 | -108% |
| Profit (loss) for the period | 9904 | -€19,890 | -€41,416 | -€21,527 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,890 | -€41,416 | -€21,527 | -108% |
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 18 October 2026 via checked.be.