VAN GORP FRANS: 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 GORP FRANS
Largest movements
- Stocks and contracts -€448,040
down €448,040 (-67.4%), from €664,880 to €216,839
of which Contracts in progress: -€448,040
- Receivables within one year -€102,624
down €102,624 (-10.7%), from €961,584 to €858,960
of which Trade receivables: -€54,361
- Cash +€32,669
up €32,669 (+57.1%), from €57,262 to €89,931
mainly Stocks and contracts (+€448,040) and Depreciation (+€184,742)
- Tangible fixed assets -€32,051
down €32,051 (-3.6%), from €894,549 to €862,498
of which Plant, machinery and equipment: -€79,859
- Trade debts -€393,452
down €393,452 (-36.3%), from €1.1m to €691,353
- Short-term financial debts -€125,000
down €125,000 (-21.7%), from €575,000 to €450,000
- Current portion of long-term debt -€46,546
down €46,546 (-29.1%), from €159,841 to €113,294
- Reserves +€39,410
up €39,410 (+15.0%), from €262,578 to €301,988
of which Distributable reserves: +€39,410
- Debts after one year -€36,322
down €36,322 (-9.5%), from €381,060 to €344,738
- Gross operating margin +€247,262
up €247,262 (+39.0%), from €634,144 to €881,406
- Staff costs +€82,649
up €82,649 (+15.8%), from €523,689 to €606,338
- Taxes -€12,439
down €12,439 (-94.2%), from €13,204 to €764
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 | €2,603,337 | €2,055,099 | -€548,238 | -21.1% |
| Fixed assets | 21/28 | €895,769 | €863,718 | -€32,051 | -3.6% |
| Tangible fixed assets | 22/27 | €894,549 | €862,498 | -€32,051 | -3.6% |
| Land and buildings | 22 | €267,000 | €267,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €209,759 | €129,900 | -€79,859 | -38.1% |
| Furniture and vehicles | 24 | €51,202 | €91,858 | +€40,656 | +79.4% |
| Leasing and similar rights | 25 | €360,004 | €369,763 | +€9,759 | +2.7% |
| Other tangible fixed assets | 26 | €6,583 | €3,977 | -€2,607 | -39.6% |
| Financial fixed assets | 28 | €1,220 | €1,220 | = | 0.0% |
| Current assets | 29/58 | €1,707,568 | €1,191,381 | -€516,187 | -30.2% |
| Stocks and contracts in progress | 3 | €664,880 | €216,839 | -€448,040 | -67.4% |
| Stocks | 30/36 | €12,000 | €12,000 | = | 0.0% |
| Contracts in progress | 37 | €652,880 | €204,839 | -€448,040 | -68.6% |
| Amounts receivable within one year | 40/41 | €961,584 | €858,960 | -€102,624 | -10.7% |
| Trade receivables | 40 | €802,024 | €747,663 | -€54,361 | -6.8% |
| Other amounts receivable | 41 | €159,560 | €111,297 | -€48,263 | -30.2% |
| Cash at bank and in hand | 54/58 | €57,262 | €89,931 | +€32,669 | +57.1% |
| Deferred charges and accrued income | 490/1 | €23,842 | €25,651 | +€1,809 | +7.6% |
| Total equity and liabilities | 10/49 | €2,603,337 | €2,055,099 | -€548,238 | -21.1% |
| Equity | 10/15 | €320,578 | €359,988 | +€39,410 | +12.3% |
| Contributions | 10/11 | €58,000 | €58,000 | = | 0.0% |
| Reserves | 13 | €262,578 | €301,988 | +€39,410 | +15.0% |
| Non-distributable reserves | 130/1 | €5,800 | €5,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,800 | €5,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €219,278 | €258,688 | +€39,410 | +18.0% |
| Amounts payable | 17/49 | €2,282,759 | €1,695,110 | -€587,649 | -25.7% |
| Amounts payable after more than one year | 17 | €381,060 | €344,738 | -€36,322 | -9.5% |
| Financial debts | 170/4 | €381,060 | €344,738 | -€36,322 | -9.5% |
| Amounts payable within one year | 42/48 | €1,901,699 | €1,350,372 | -€551,326 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €159,841 | €113,294 | -€46,546 | -29.1% |
| Financial debts | 43 | €575,000 | €450,000 | -€125,000 | -21.7% |
| Credit institutions | 430/8 | €575,000 | €450,000 | -€125,000 | -21.7% |
| Trade debts | 44 | €1,084,804 | €691,353 | -€393,452 | -36.3% |
| Suppliers | 440/4 | €1,084,804 | €691,353 | -€393,452 | -36.3% |
| Taxes, remuneration and social security | 45 | €28,054 | €41,725 | +€13,671 | +48.7% |
| Taxes | 450/3 | €1,702 | €18,366 | +€16,664 | +978.8% |
| Remuneration and social security | 454/9 | €26,351 | €23,359 | -€2,992 | -11.4% |
| Other amounts payable | 47/48 | €54,000 | €54,000 | = | 0.0% |
| Non-recurring operating income | 76A | €19,502 | €30,403 | +€10,901 | +55.9% |
| Remuneration, social security and pensions | 62 | €523,689 | €606,338 | +€82,649 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,582 | €184,742 | +€3,160 | +1.7% |
| Other operating charges | 640/8 | €6,403 | €1,598 | -€4,805 | -75.0% |
| Non-recurring operating charges | 66A | €5,263 | €6,913 | +€1,650 | +31.3% |
| Gross operating margin | 9900 | €634,144 | €881,406 | +€247,262 | +39.0% |
| Operating profit (loss) | 9901 | -€82,792 | €81,816 | +€164,608 | |
| Financial income | 75/76B | €5,125 | €6,287 | +€1,162 | +22.7% |
| Recurring financial income | 75 | €5,125 | €6,287 | +€1,162 | +22.7% |
| Financial charges | 65/66B | €50,337 | €47,928 | -€2,408 | -4.8% |
| Recurring financial charges | 65 | €50,337 | €47,928 | -€2,408 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€128,004 | €40,175 | +€168,179 | |
| Income taxes | 67/77 | €13,204 | €764 | -€12,439 | -94.2% |
| Profit (loss) for the period | 9904 | -€141,208 | €39,410 | +€180,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€141,208 | €39,410 | +€180,618 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.