Van Gils Coating: what changed
Two fiscal 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 Gils Coating
Largest movements
- Tangible fixed assets -€149,676
down €149,676 (-15.4%), from €970,196 to €820,520
of which Land and buildings: -€87,176
- Cash +€116,353
up €116,353 (+78.5%), from €148,289 to €264,642
mainly Net result for the year (+€381,386) and Depreciation (+€200,688)
- Stocks and contracts -€88,752
down €88,752 (-25.3%), from €350,166 to €261,414
- Receivables within one year -€60,866
down €60,866 (-5.4%), from €1.1m to €1.1m
of which Trade receivables: -€61,978
- Receivables after one year -€41,137
down €41,137 (-16.7%), from €246,823 to €205,686
- Short-term financial debts -€402,819
down €402,819 (-81.2%), from €496,386 to €93,567
- Reserves +€381,386
up €381,386 (+125.1%), from €304,963 to €686,349
of which Distributable reserves: +€381,386
- Debts after one year -€209,153
down €209,153 (-30.2%), from €692,909 to €483,756
- Trade debts +€127,642
up €127,642 (+38.2%), from €334,378 to €462,020
- Tax, wage and social debts -€78,421
down €78,421 (-50.1%), from €156,551 to €78,130
of which Remuneration and social security: -€96,270
- Staff costs -€92,836
down €92,836 (-6.0%), from €1.6m to €1.5m
- Gross operating margin +€68,555
up €68,555 (+3.1%), from €2.2m to €2.3m
- Taxes +€54,780
up €54,780 (+68.1%), from €80,425 to €135,205
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.
Cash bridge derived
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 | €2,870,678 | €2,645,467 | -€225,210 | -7.8% |
| Fixed assets | 21/28 | €980,892 | €830,205 | -€150,686 | -15.4% |
| Intangible fixed assets | 21 | €1,635 | €0 | -€1,635 | -100.0% |
| Tangible fixed assets | 22/27 | €970,196 | €820,520 | -€149,676 | -15.4% |
| Land and buildings | 22 | €727,849 | €640,673 | -€87,176 | -12.0% |
| Plant, machinery and equipment | 23 | €197,137 | €148,958 | -€48,179 | -24.4% |
| Furniture and vehicles | 24 | €45,211 | €30,889 | -€14,322 | -31.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €9,061 | €9,686 | +€625 | +6.9% |
| Current assets | 29/58 | €1,889,786 | €1,815,262 | -€74,524 | -3.9% |
| Amounts receivable after more than one year | 29 | €246,823 | €205,686 | -€41,137 | -16.7% |
| Other amounts receivable | 291 | €246,823 | €205,686 | -€41,137 | -16.7% |
| Stocks and contracts in progress | 3 | €350,166 | €261,414 | -€88,752 | -25.3% |
| Stocks | 30/36 | €350,166 | €261,414 | -€88,752 | -25.3% |
| Amounts receivable within one year | 40/41 | €1,123,531 | €1,062,665 | -€60,866 | -5.4% |
| Trade receivables | 40 | €1,081,112 | €1,019,134 | -€61,978 | -5.7% |
| Other amounts receivable | 41 | €42,419 | €43,531 | +€1,112 | +2.6% |
| Cash at bank and in hand | 54/58 | €148,289 | €264,642 | +€116,353 | +78.5% |
| Deferred charges and accrued income | 490/1 | €20,977 | €20,855 | -€122 | -0.6% |
| Total equity and liabilities | 10/49 | €2,870,678 | €2,645,467 | -€225,210 | -7.8% |
| Equity | 10/15 | €661,926 | €1,043,313 | +€381,386 | +57.6% |
| Contributions | 10/11 | €356,963 | €356,963 | = | 0.0% |
| Capital | 10 | €356,963 | €356,963 | = | 0.0% |
| Issued capital | 100 | €356,963 | €356,963 | = | 0.0% |
| Reserves | 13 | €304,963 | €686,349 | +€381,386 | +125.1% |
| Non-distributable reserves | 130/1 | €35,696 | €35,696 | = | 0.0% |
| Legal reserve | 130 | €35,696 | €35,696 | = | 0.0% |
| Distributable reserves | 133 | €269,267 | €650,653 | +€381,386 | +141.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,208,751 | €1,602,155 | -€606,597 | -27.5% |
| Amounts payable after more than one year | 17 | €692,909 | €483,756 | -€209,153 | -30.2% |
| Financial debts | 170/4 | €692,909 | €483,756 | -€209,153 | -30.2% |
| Amounts payable within one year | 42/48 | €1,515,819 | €1,118,399 | -€397,420 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €249,931 | €209,153 | -€40,777 | -16.3% |
| Financial debts | 43 | €496,386 | €93,567 | -€402,819 | -81.2% |
| Credit institutions | 430/8 | €496,386 | €93,567 | -€402,819 | -81.2% |
| Trade debts | 44 | €334,378 | €462,020 | +€127,642 | +38.2% |
| Suppliers | 440/4 | €334,378 | €462,020 | +€127,642 | +38.2% |
| Taxes, remuneration and social security | 45 | €156,551 | €78,130 | -€78,421 | -50.1% |
| Taxes | 450/3 | €44,407 | €62,257 | +€17,849 | +40.2% |
| Remuneration and social security | 454/9 | €112,144 | €15,874 | -€96,270 | -85.8% |
| Other amounts payable | 47/48 | €278,573 | €275,528 | -€3,045 | -1.1% |
| Accrued charges and deferred income | 492/3 | €24 | €0 | -€24 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,554,696 | €1,461,860 | -€92,836 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,945 | €200,688 | -€18,257 | -8.3% |
| Other operating charges | 640/8 | €57,077 | €46,108 | -€10,970 | -19.2% |
| Gross operating margin | 9900 | €2,188,252 | €2,256,807 | +€68,555 | +3.1% |
| Operating profit (loss) | 9901 | €357,534 | €548,152 | +€190,617 | +53.3% |
| Financial income | 75/76B | €22,025 | €20,430 | -€1,594 | -7.2% |
| Recurring financial income | 75 | €22,025 | €20,430 | -€1,594 | -7.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €73,880 | €51,990 | -€21,890 | -29.6% |
| Recurring financial charges | 65 | €73,880 | €51,990 | -€21,890 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €305,679 | €516,592 | +€210,913 | +69.0% |
| Income taxes | 67/77 | €80,425 | €135,205 | +€54,780 | +68.1% |
| Profit (loss) for the period | 9904 | €225,254 | €381,386 | +€156,133 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €225,254 | €381,386 | +€156,133 | +69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.