VAN GESTEL PROJECTS: 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 PROJECTS
Largest movements
- Current investments +€265,126
new in 2025: €265,126
- Cash -€158,305
down €158,305 (-89.0%), from €177,860 to €19,554
mainly Current investments (-€265,126) and Tax, wage and social debts (-€16,104)
- Receivables within one year -€11,273
down €11,273 (-41.4%), from €27,241 to €15,968
of which Trade receivables: -€10,070
- Tangible fixed assets -€3,380
down €3,380 (-15.2%), from €22,194 to €18,814
of which Leasing and similar rights: -€2,715
- Profit (loss) carried forward +€102,557
new in 2025: €102,557
- Tax, wage and social debts -€16,104
down €16,104 (-33.8%), from €47,617 to €31,513
- Trade debts +€12,220
up €12,220 (+254%), from €4,811 to €17,031
- Advances received -€6,588
no longer reported in 2025 (was €6,588)
- Gross operating margin -€65,296
down €65,296 (-40.3%), from €162,007 to €96,712
- Financial income +€33,760
up €33,760 (+14,558%), from €232 to €33,992
- Taxes -€17,174
down €17,174 (-48.0%), from €35,757 to €18,583
- Depreciation +€3,045
up €3,045 (+88.0%), from €3,460 to €6,505
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 | €233,015 | €322,910 | +€89,895 | +38.6% |
| Fixed assets | 21/28 | €24,694 | €18,814 | -€5,880 | -23.8% |
| Tangible fixed assets | 22/27 | €22,194 | €18,814 | -€3,380 | -15.2% |
| Plant, machinery and equipment | 23 | €453 | €149 | -€304 | -67.2% |
| Furniture and vehicles | 24 | €9,107 | €8,746 | -€360 | -4.0% |
| Leasing and similar rights | 25 | €12,634 | €9,919 | -€2,715 | -21.5% |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €208,321 | €304,096 | +€95,775 | +46.0% |
| Amounts receivable within one year | 40/41 | €27,241 | €15,968 | -€11,273 | -41.4% |
| Trade receivables | 40 | €24,949 | €14,880 | -€10,070 | -40.4% |
| Other amounts receivable | 41 | €2,292 | €1,089 | -€1,203 | -52.5% |
| Current investments | 50/53 | - | €265,126 | +€265,126 | |
| Cash at bank and in hand | 54/58 | €177,860 | €19,554 | -€158,305 | -89.0% |
| Deferred charges and accrued income | 490/1 | €3,220 | €3,448 | +€227 | +7.1% |
| Total equity and liabilities | 10/49 | €233,015 | €322,910 | +€89,895 | +38.6% |
| Equity | 10/15 | €163,428 | €265,985 | +€102,557 | +62.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €160,428 | €160,428 | = | 0.0% |
| Distributable reserves | 133 | €160,428 | €160,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €102,557 | +€102,557 | |
| Amounts payable | 17/49 | €69,587 | €56,925 | -€12,663 | -18.2% |
| Amounts payable after more than one year | 17 | €7,755 | €5,403 | -€2,352 | -30.3% |
| Financial debts | 170/4 | €7,755 | €5,403 | -€2,352 | -30.3% |
| Amounts payable within one year | 42/48 | €61,832 | €51,522 | -€10,311 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €2,816 | €2,918 | +€102 | +3.6% |
| Financial debts | 43 | - | €60 | +€60 | |
| Credit institutions | 430/8 | - | €60 | +€60 | |
| Trade debts | 44 | €4,811 | €17,031 | +€12,220 | +254% |
| Suppliers | 440/4 | €4,811 | €17,031 | +€12,220 | +254% |
| Advances received on contracts in progress | 46 | €6,588 | - | -€6,588 | |
| Taxes, remuneration and social security | 45 | €47,617 | €31,513 | -€16,104 | -33.8% |
| Taxes | 450/3 | €47,617 | €31,513 | -€16,104 | -33.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,460 | €6,505 | +€3,045 | +88.0% |
| Other operating charges | 640/8 | €710 | €1,322 | +€612 | +86.2% |
| Gross operating margin | 9900 | €162,007 | €96,712 | -€65,296 | -40.3% |
| Operating profit (loss) | 9901 | €157,837 | €88,885 | -€68,953 | -43.7% |
| Financial income | 75/76B | €232 | €33,992 | +€33,760 | +14,558% |
| Recurring financial income | 75 | €232 | €33,992 | +€33,760 | +14,558% |
| Financial charges | 65/66B | €280 | €1,736 | +€1,457 | +521% |
| Recurring financial charges | 65 | €280 | €1,736 | +€1,457 | +521% |
| Profit (loss) for the period before taxes | 9903 | €157,790 | €121,140 | -€36,649 | -23.2% |
| Income taxes | 67/77 | €35,757 | €18,583 | -€17,174 | -48.0% |
| Profit (loss) for the period | 9904 | €122,033 | €102,557 | -€19,475 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,033 | €102,557 | -€19,475 | -16.0% |
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 13 October 2026 via checked.be.