VAN GILS: 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.
What changed
VAN GILS
NACE 10.520, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €482,246+€862,140
Equity
€3.0m
2024 · €3.0m+€21,487
Cash
€119,067
2024 · €720,251-€601,183
Balance sheet total
€10.6m
2024 · €9.1m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+24.3%), from €6.2m to €7.7m
of which Land and buildings: +€3.3m
- Cash -€601,183
down €601,183 (-83.5%), from €720,251 to €119,067
mainly Investment in fixed assets (net) (-€1.7m) and Contributions, distributions and other (-€1.3m)
- Receivables within one year +€528,498
up €528,498 (+269%), from €196,176 to €724,674
of which Trade receivables: +€445,052
Equity and liabilities
- Debts after one year +€1.4m
up €1.4m (+34.1%), from €4.0m to €5.4m
- Trade debts -€754,329
down €754,329 (-66.5%), from €1.1m to €380,170
- Other debts +€688,225
up €688,225 (+108%), from €636,034 to €1.3m
- Current portion of long-term debt +€125,991
up €125,991 (+36.5%), from €344,835 to €470,826
Income statement
- Turnover +€1.0m
up €1.0m (+83.9%), from €1.2m to €2.3m
- Services and other goods +€102,120
up €102,120 (+25.5%), from €400,566 to €502,686
- Financial charges +€78,641
up €78,641 (+67.4%), from €116,756 to €195,396
- Taxes -€28,112
down €28,112 (-77.6%), from €36,236 to €8,123
of which Taxes: -€28,112
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.
Result 2024
€482,246
Turnover
+€1.0m
Other operating income
+€2,730
Services and other goods
-€102,120
Depreciation
-€15,777
Other operating charges
-€542
Financial charges
-€78,641
Taxes
+€28,112
Result 2025
€1.3m
raises the resultlowers the result
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.
From operations
+€975,481
Investment
-€1.7m
Financing
+€167,609
Cash 2024
€720,251
From operations (derived)
+€975,481
Net result for the year
+€1.3m
Depreciation
+€245,728
Receivables within one year
-€528,498
Trade debts
-€754,329
Tax, wage and social debts
-€20,032
Other debts
+€688,225
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€167,609
Debts after one year
+€1.4m
Current portion of long-term debt
+€125,991
Contributions, distributions and other
-€1.3m
Cash 2025
€119,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,135,542 | €10,561,402 | +€1.4m | +15.6% |
| Fixed assets | 21/28 | €7,467,869 | €8,966,415 | +€1.5m | +20.1% |
| Tangible fixed assets | 22/27 | €6,161,449 | €7,659,995 | +€1.5m | +24.3% |
| Land and buildings | 22 | €2,966,889 | €6,218,594 | +€3.3m | +110% |
| Plant, machinery and equipment | 23 | €1,096,126 | €1,441,401 | +€345,275 | +31.5% |
| Assets under construction and advance payments | 27 | €2,098,434 | €0 | -€2.1m | -100% |
| Financial fixed assets | 28 | €1,306,420 | €1,306,420 | = | 0.0% |
| Affiliated companies | 280/1 | €1,306,420 | €1,306,420 | = | 0.0% |
| Participating interests | 280 | €1,306,420 | €1,306,420 | = | 0.0% |
| Current assets | 29/58 | €1,667,672 | €1,594,987 | -€72,685 | -4.4% |
| Amounts receivable after more than one year | 29 | €750,000 | €750,000 | = | 0.0% |
| Other amounts receivable | 291 | €750,000 | €750,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €196,176 | €724,674 | +€528,498 | +269% |
| Trade receivables | 40 | €835 | €445,887 | +€445,052 | +53,306% |
| Other amounts receivable | 41 | €195,341 | €278,787 | +€83,446 | +42.7% |
| Cash at bank and in hand | 54/58 | €720,251 | €119,067 | -€601,183 | -83.5% |
| Deferred charges and accrued income | 490/1 | €1,245 | €1,245 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,135,542 | €10,561,402 | +€1.4m | +15.6% |
| Equity | 10/15 | €2,991,514 | €3,013,001 | +€21,487 | +0.7% |
| Contributions | 10/11 | €1,311,973 | €1,311,973 | = | 0.0% |
| Capital | 10 | €1,311,973 | €1,311,973 | = | 0.0% |
| Issued capital | 100 | €1,311,973 | €1,311,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,392,987 | €1,315,239 | -€77,748 | -5.6% |
| Reserves | 13 | €286,554 | €385,789 | +€99,235 | +34.6% |
| Non-distributable reserves | 130/1 | €109,710 | €131,197 | +€21,487 | +19.6% |
| Legal reserve | 130 | €109,710 | €131,197 | +€21,487 | +19.6% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €176,843 | €254,591 | +€77,748 | +44.0% |
| Amounts payable | 17/49 | €6,144,028 | €7,548,401 | +€1.4m | +22.9% |
| Amounts payable after more than one year | 17 | €4,002,394 | €5,366,911 | +€1.4m | +34.1% |
| Financial debts | 170/4 | €4,002,394 | €5,366,911 | +€1.4m | +34.1% |
| Subordinated loans | 170 | €970,000 | €970,000 | = | 0.0% |
| Credit institutions | 173 | €3,032,394 | €4,396,911 | +€1.4m | +45.0% |
| Amounts payable within one year | 42/48 | €2,141,634 | €2,181,490 | +€39,856 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €344,835 | €470,826 | +€125,991 | +36.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,134,498 | €380,170 | -€754,329 | -66.5% |
| Suppliers | 440/4 | €1,134,498 | €380,170 | -€754,329 | -66.5% |
| Taxes, remuneration and social security | 45 | €26,267 | €6,236 | -€20,032 | -76.3% |
| Taxes | 450/3 | €26,267 | €6,236 | -€20,032 | -76.3% |
| Other amounts payable | 47/48 | €636,034 | €1,324,259 | +€688,225 | +108% |
| Operating income | 70/76A | €1,254,147 | €2,285,253 | +€1.0m | +82.2% |
| Turnover | 70 | €1,225,167 | €2,253,544 | +€1.0m | +83.9% |
| Other operating income | 74 | €28,980 | €31,710 | +€2,730 | +9.4% |
| Operating charges | 60/66A | €649,434 | €767,872 | +€118,438 | +18.2% |
| Services and other goods | 61 | €400,566 | €502,686 | +€102,120 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,951 | €245,728 | +€15,777 | +6.9% |
| Other operating charges | 640/8 | €18,917 | €19,459 | +€542 | +2.9% |
| Operating profit (loss) | 9901 | €604,713 | €1,517,381 | +€912,669 | +151% |
| Financial income | 75/76B | €30,525 | €30,525 | = | 0.0% |
| Recurring financial income | 75 | €30,525 | €30,525 | = | 0.0% |
| Income from current assets | 751 | €30,525 | €30,525 | = | 0.0% |
| Other financial income | 752/9 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €116,756 | €195,396 | +€78,641 | +67.4% |
| Recurring financial charges | 65 | €116,756 | €195,396 | +€78,641 | +67.4% |
| Debt charges | 650 | €101,247 | €184,227 | +€82,980 | +82.0% |
| Other financial charges | 652/9 | €15,509 | €11,169 | -€4,340 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €518,482 | €1,352,510 | +€834,028 | +161% |
| Income taxes | 67/77 | €36,236 | €8,123 | -€28,112 | -77.6% |
| Taxes | 670/3 | €36,236 | €8,123 | -€28,112 | -77.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €482,246 | €1,344,387 | +€862,140 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €482,246 | €1,344,387 | +€862,140 | +179% |
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 16 October 2026 via checked.be.