Van Gorp-Thaens: 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-Thaens
Largest movements
- Cash +€14,906
up €14,906 (+398%), from €3,748 to €18,654
mainly Net result for the year (+€19,703) and Depreciation (+€10,336)
- Tangible fixed assets -€1,509
down €1,509 (-1.8%), from €84,117 to €82,608
- Reserves +€19,703
up €19,703 (+119%), from €16,557 to €36,260
- Debts after one year -€10,589
down €10,589 (-24.5%), from €43,162 to €32,573
- Tax, wage and social debts +€5,073
up €5,073 (+68.0%), from €7,457 to €12,530
of which Taxes: +€7,073
- Other debts -€4,990
down €4,990 (-92.8%), from €5,377 to €387
- Current portion of long-term debt +€4,536
up €4,536 (+37.5%), from €12,101 to €16,637
- Gross operating margin +€7,042
up €7,042 (+17.5%), from €40,244 to €47,285
- Taxes +€1,818
up €1,818 (+34.0%), from €5,347 to €7,165
- Depreciation +€1,341
up €1,341 (+14.9%), from €8,995 to €10,336
- Other operating charges +€1,248
up €1,248 (+21.9%), from €5,686 to €6,934
- Financial charges -€521
down €521 (-14.2%), from €3,669 to €3,147
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 | €90,960 | €104,827 | +€13,867 | +15.2% |
| Fixed assets | 21/28 | €84,117 | €82,608 | -€1,509 | -1.8% |
| Tangible fixed assets | 22/27 | €84,117 | €82,608 | -€1,509 | -1.8% |
| Plant, machinery and equipment | 23 | €84,117 | €82,608 | -€1,509 | -1.8% |
| Current assets | 29/58 | €6,843 | €22,219 | +€15,376 | +225% |
| Amounts receivable within one year | 40/41 | €1,991 | €2,404 | +€414 | +20.8% |
| Trade receivables | 40 | €791 | €0 | -€791 | -100% |
| Other amounts receivable | 41 | €1,200 | €2,404 | +€1,204 | +100% |
| Cash at bank and in hand | 54/58 | €3,748 | €18,654 | +€14,906 | +398% |
| Deferred charges and accrued income | 490/1 | €1,104 | €1,161 | +€57 | +5.1% |
| Total equity and liabilities | 10/49 | €90,960 | €104,827 | +€13,867 | +15.2% |
| Equity | 10/15 | €22,557 | €42,260 | +€19,703 | +87.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €16,557 | €36,260 | +€19,703 | +119% |
| Distributable reserves | 133 | €16,557 | €36,260 | +€19,703 | +119% |
| Amounts payable | 17/49 | €68,403 | €62,568 | -€5,836 | -8.5% |
| Amounts payable after more than one year | 17 | €43,162 | €32,573 | -€10,589 | -24.5% |
| Financial debts | 170/4 | €43,162 | €32,573 | -€10,589 | -24.5% |
| Amounts payable within one year | 42/48 | €25,241 | €29,995 | +€4,753 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €12,101 | €16,637 | +€4,536 | +37.5% |
| Trade debts | 44 | €306 | €440 | +€134 | +43.7% |
| Suppliers | 440/4 | €306 | €440 | +€134 | +43.7% |
| Taxes, remuneration and social security | 45 | €7,457 | €12,530 | +€5,073 | +68.0% |
| Taxes | 450/3 | €5,457 | €12,530 | +€7,073 | +130% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €5,377 | €387 | -€4,990 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,995 | €10,336 | +€1,341 | +14.9% |
| Other operating charges | 640/8 | €5,686 | €6,934 | +€1,248 | +21.9% |
| Gross operating margin | 9900 | €40,244 | €47,285 | +€7,042 | +17.5% |
| Operating profit (loss) | 9901 | €25,562 | €30,015 | +€4,453 | +17.4% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €3,669 | €3,147 | -€521 | -14.2% |
| Recurring financial charges | 65 | €3,669 | €3,147 | -€521 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €21,903 | €26,868 | +€4,965 | +22.7% |
| Income taxes | 67/77 | €5,347 | €7,165 | +€1,818 | +34.0% |
| Profit (loss) for the period | 9904 | €16,557 | €19,703 | +€3,146 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,557 | €19,703 | +€3,146 | +19.0% |
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 18 October 2026 via checked.be.