Van Giel B: 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 Giel B
Largest movements
- Receivables within one year +€44,231
up €44,231 (+18.0%), from €245,651 to €289,882
of which Trade receivables: +€44,597
- Tangible fixed assets -€16,112
down €16,112 (-12.3%), from €130,461 to €114,349
of which Other tangible fixed assets: -€13,672
- Tax, wage and social debts +€28,262
up €28,262 (+94.9%), from €29,767 to €58,029
of which Taxes: +€18,227
- Advances received +€10,908
up €10,908 (+84.6%), from €12,887 to €23,795
- Debts after one year -€6,322
down €6,322 (-4.9%), from €129,141 to €122,820
- Other debts -€4,966
down €4,966 (-20.3%), from €24,504 to €19,538
- Reserves +€4,502
up €4,502 (+4.0%), from €113,967 to €118,469
of which Distributable reserves: +€4,502
- Financial charges -€31,380
down €31,380 (-86.0%), from €36,505 to €5,125
of which Financial charges: -€32,822
- Staff costs +€10,887
up €10,887 (+21.2%), from €51,315 to €62,202
- Write-downs +€5,721
up €5,721 (+2,860%), from €200 to €5,921
- Gross operating margin -€5,627
down €5,627 (-4.9%), from €114,728 to €109,101
- Other operating charges +€4,011
up €4,011 (+343%), from €1,171 to €5,182
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 | €377,596 | €408,255 | +€30,659 | +8.1% |
| Fixed assets | 21/28 | €131,511 | €114,399 | -€17,112 | -13.0% |
| Tangible fixed assets | 22/27 | €130,461 | €114,349 | -€16,112 | -12.3% |
| Plant, machinery and equipment | 23 | €8,804 | €7,810 | -€994 | -11.3% |
| Furniture and vehicles | 24 | €1,446 | - | -€1,446 | |
| Other tangible fixed assets | 26 | €120,211 | €106,539 | -€13,672 | -11.4% |
| Financial fixed assets | 28 | €1,050 | €50 | -€1,000 | -95.2% |
| Current assets | 29/58 | €246,085 | €293,856 | +€47,771 | +19.4% |
| Amounts receivable within one year | 40/41 | €245,651 | €289,882 | +€44,231 | +18.0% |
| Trade receivables | 40 | €215,285 | €259,882 | +€44,597 | +20.7% |
| Other amounts receivable | 41 | €30,366 | €30,000 | -€366 | -1.2% |
| Cash at bank and in hand | 54/58 | €434 | €2,656 | +€2,221 | +511% |
| Deferred charges and accrued income | 490/1 | - | €1,318 | +€1,318 | |
| Total equity and liabilities | 10/49 | €377,596 | €408,255 | +€30,659 | +8.1% |
| Equity | 10/15 | €120,967 | €125,469 | +€4,502 | +3.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Contributions outside capital | 11 | €7,000 | €7,000 | = | 0.0% |
| Other | 1109/19 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €113,967 | €118,469 | +€4,502 | +4.0% |
| Tax-exempt reserves | 132 | €1,522 | €1,522 | = | 0.0% |
| Distributable reserves | 133 | €112,445 | €116,947 | +€4,502 | +4.0% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Environmental obligations | 163 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €226,630 | €252,786 | +€26,157 | +11.5% |
| Amounts payable after more than one year | 17 | €129,141 | €122,820 | -€6,322 | -4.9% |
| Financial debts | 170/4 | €129,141 | €122,820 | -€6,322 | -4.9% |
| Amounts payable within one year | 42/48 | €97,488 | €129,858 | +€32,370 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €6,167 | €6,322 | +€155 | +2.5% |
| Financial debts | 43 | €3,060 | - | -€3,060 | |
| Credit institutions | 430/8 | €3,060 | - | -€3,060 | |
| Trade debts | 44 | €21,103 | €22,174 | +€1,071 | +5.1% |
| Suppliers | 440/4 | €21,103 | €22,174 | +€1,071 | +5.1% |
| Advances received on contracts in progress | 46 | €12,887 | €23,795 | +€10,908 | +84.6% |
| Taxes, remuneration and social security | 45 | €29,767 | €58,029 | +€28,262 | +94.9% |
| Taxes | 450/3 | €24,002 | €42,229 | +€18,227 | +75.9% |
| Remuneration and social security | 454/9 | €5,765 | €15,800 | +€10,035 | +174% |
| Other amounts payable | 47/48 | €24,504 | €19,538 | -€4,966 | -20.3% |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Remuneration, social security and pensions | 62 | €51,315 | €62,202 | +€10,887 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,582 | €18,553 | -€1,029 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €200 | €5,921 | +€5,721 | +2,860% |
| Other operating charges | 640/8 | €1,171 | €5,182 | +€4,011 | +343% |
| Non-recurring operating charges | 66A | €3 | - | -€3 | |
| Gross operating margin | 9900 | €114,728 | €109,101 | -€5,627 | -4.9% |
| Operating profit (loss) | 9901 | €42,457 | €17,244 | -€25,213 | -59.4% |
| Financial income | 75/76B | €62 | €9 | -€54 | -86.1% |
| Recurring financial income | 75 | €62 | €9 | -€54 | -86.1% |
| Financial charges | 65/66B | €36,505 | €5,125 | -€31,380 | -86.0% |
| Recurring financial charges | 65 | €36,505 | €3,683 | -€32,822 | -89.9% |
| Non-recurring financial charges | 66B | - | €1,442 | +€1,442 | |
| Profit (loss) for the period before taxes | 9903 | €6,015 | €12,128 | +€6,113 | +102% |
| Income taxes | 67/77 | €5,874 | €7,626 | +€1,752 | +29.8% |
| Profit (loss) for the period | 9904 | €141 | €4,502 | +€4,361 | +3,090% |
| Profit (loss) for the period to be appropriated | 9905 | €141 | €4,502 | +€4,361 | +3,090% |
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 22 October 2026 via checked.be.