VAN GREEF: 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 GREEF
Largest movements
- Cash -€58,603
down €58,603 (-20.1%), from €291,064 to €232,461
mainly Trade debts (-€133,277) and Receivables within one year (-€30,254)
- Receivables within one year +€30,254
up €30,254 (+18.9%), from €159,788 to €190,042
of which Trade receivables: +€74,030
- Intangible fixed assets -€18,487
no longer reported in 2023 (was €18,487)
- Trade debts -€133,277
down €133,277 (-26.1%), from €511,087 to €377,809
- Reserves +€72,477
up €72,477 (+114%), from €63,563 to €136,039
of which Distributable reserves: +€72,477
- Profit (loss) carried forward +€15,038
no longer reported in 2023 (was -€15,038)
- Gross operating margin +€106,194
up €106,194 (+42.8%), from €248,343 to €354,537
- Taxes +€26,790
up €26,790, from -€1,016 to €25,773
- Other operating charges -€19,398
down €19,398 (-90.0%), from €21,549 to €2,151
- Financial charges -€13,718
down €13,718 (-51.2%), from €26,774 to €13,056
- Financial income +€6,680
up €6,680 (+7,416%), from €90 to €6,770
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,660 | €626,134 | -€42,527 | -6.4% |
| Fixed assets | 21/28 | €55,284 | €42,444 | -€12,839 | -23.2% |
| Intangible fixed assets | 21 | €18,487 | - | -€18,487 | |
| Tangible fixed assets | 22/27 | €35,036 | €40,684 | +€5,648 | +16.1% |
| Plant, machinery and equipment | 23 | €31,990 | €27,783 | -€4,207 | -13.2% |
| Furniture and vehicles | 24 | €3,046 | €12,901 | +€9,855 | +324% |
| Financial fixed assets | 28 | €1,760 | €1,760 | = | 0.0% |
| Current assets | 29/58 | €613,377 | €583,690 | -€29,687 | -4.8% |
| Stocks and contracts in progress | 3 | €125,663 | €125,851 | +€187 | +0.1% |
| Stocks | 30/36 | €125,663 | €125,851 | +€187 | +0.1% |
| Amounts receivable within one year | 40/41 | €159,788 | €190,042 | +€30,254 | +18.9% |
| Trade receivables | 40 | €4,488 | €78,518 | +€74,030 | +1,650% |
| Other amounts receivable | 41 | €155,301 | €111,525 | -€43,776 | -28.2% |
| Cash at bank and in hand | 54/58 | €291,064 | €232,461 | -€58,603 | -20.1% |
| Deferred charges and accrued income | 490/1 | €36,861 | €35,335 | -€1,526 | -4.1% |
| Total equity and liabilities | 10/49 | €668,660 | €626,134 | -€42,527 | -6.4% |
| Equity | 10/15 | €67,124 | €154,639 | +€87,515 | +130% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,563 | €136,039 | +€72,477 | +114% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,703 | €134,179 | +€72,477 | +117% |
| Profit (loss) carried forward | 14 | -€15,038 | - | +€15,038 | |
| Amounts payable | 17/49 | €601,536 | €471,494 | -€130,042 | -21.6% |
| Amounts payable within one year | 42/48 | €597,347 | €469,043 | -€128,304 | -21.5% |
| Trade debts | 44 | €511,087 | €377,809 | -€133,277 | -26.1% |
| Suppliers | 440/4 | €511,087 | €377,809 | -€133,277 | -26.1% |
| Taxes, remuneration and social security | 45 | €47,414 | €52,418 | +€5,003 | +10.6% |
| Taxes | 450/3 | €7,917 | €31,195 | +€23,278 | +294% |
| Remuneration and social security | 454/9 | €39,498 | €21,223 | -€18,275 | -46.3% |
| Other amounts payable | 47/48 | €38,846 | €38,816 | -€30 | -0.1% |
| Accrued charges and deferred income | 492/3 | €4,189 | €2,451 | -€1,738 | -41.5% |
| Remuneration, social security and pensions | 62 | €211,267 | €205,438 | -€5,829 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,463 | €27,374 | -€1,089 | -3.8% |
| Other operating charges | 640/8 | €21,549 | €2,151 | -€19,398 | -90.0% |
| Gross operating margin | 9900 | €248,343 | €354,537 | +€106,194 | +42.8% |
| Operating profit (loss) | 9901 | -€12,935 | €119,574 | +€132,510 | |
| Financial income | 75/76B | €90 | €6,770 | +€6,680 | +7,416% |
| Recurring financial income | 75 | €90 | €6,770 | +€6,680 | +7,416% |
| Financial charges | 65/66B | €26,774 | €13,056 | -€13,718 | -51.2% |
| Recurring financial charges | 65 | €26,774 | €13,056 | -€13,718 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,619 | €113,289 | +€152,907 | |
| Income taxes | 67/77 | -€1,016 | €25,773 | +€26,790 | |
| Profit (loss) for the period | 9904 | -€38,602 | €87,515 | +€126,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,602 | €87,515 | +€126,118 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.