VAN HOLDER PROJECTS: 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 HOLDER PROJECTS
Largest movements
- Cash -€17,192
down €17,192 (-85.4%), from €20,141 to €2,949
mainly Investment in fixed assets (net) (-€56,327) and Net result for the year (-€47,588)
- Profit (loss) carried forward -€47,588
down €47,588 (-28.0%), from -€169,865 to -€217,453
- Other debts +€35,698
up €35,698 (+10.5%), from €340,783 to €376,481
- Accrued charges and deferred income +€15,800
up €15,800 (+145.9%), from €10,830 to €26,630
- Debts after one year -€14,334
down €14,334 (-9.1%), from €158,000 to €143,666
- Depreciation +€4,445
up €4,445 (+8.2%), from €54,474 to €58,919
- Financial charges +€3,542
up €3,542 (+24.9%), from €14,226 to €17,768
- Gross operating margin +€3,490
up €3,490 (+11.4%), from €30,658 to €34,148
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 | €728,074 | €708,947 | -€19,127 | -2.6% |
| Fixed assets | 21/28 | €705,348 | €702,756 | -€2,592 | -0.4% |
| Tangible fixed assets | 22/27 | €705,348 | €702,756 | -€2,592 | -0.4% |
| Land and buildings | 22 | €678,440 | €684,339 | +€5,899 | +0.9% |
| Plant, machinery and equipment | 23 | €5,824 | €3,554 | -€2,270 | -39.0% |
| Furniture and vehicles | 24 | €21,084 | €14,863 | -€6,221 | -29.5% |
| Current assets | 29/58 | €22,726 | €6,191 | -€16,535 | -72.8% |
| Amounts receivable within one year | 40/41 | €1,791 | €2,415 | +€624 | +34.8% |
| Trade receivables | 40 | - | €766 | +€766 | |
| Other amounts receivable | 41 | €1,791 | €1,649 | -€142 | -7.9% |
| Cash at bank and in hand | 54/58 | €20,141 | €2,949 | -€17,192 | -85.4% |
| Deferred charges and accrued income | 490/1 | €794 | €827 | +€33 | +4.1% |
| Total equity and liabilities | 10/49 | €728,074 | €708,947 | -€19,127 | -2.6% |
| Equity | 10/15 | €192,392 | €144,805 | -€47,587 | -24.7% |
| Contributions | 10/11 | €86,500 | €86,500 | = | 0.0% |
| Reserves | 13 | €275,757 | €275,758 | +€1 | 0.0% |
| Tax-exempt reserves | 132 | €5,311 | €5,311 | +€0 | 0.0% |
| Distributable reserves | 133 | €270,446 | €270,446 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€169,865 | -€217,453 | -€47,588 | -28.0% |
| Amounts payable | 17/49 | €535,682 | €564,142 | +€28,460 | +5.3% |
| Amounts payable after more than one year | 17 | €158,000 | €143,666 | -€14,334 | -9.1% |
| Financial debts | 170/4 | €158,000 | €143,666 | -€14,334 | -9.1% |
| Amounts payable within one year | 42/48 | €366,852 | €393,846 | +€26,994 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €14,333 | €14,333 | +€0 | 0.0% |
| Trade debts | 44 | €5,899 | €928 | -€4,971 | -84.3% |
| Suppliers | 440/4 | €5,899 | €928 | -€4,971 | -84.3% |
| Taxes, remuneration and social security | 45 | €5,837 | €2,104 | -€3,733 | -64.0% |
| Taxes | 450/3 | €4,487 | €554 | -€3,933 | -87.7% |
| Remuneration and social security | 454/9 | €1,350 | €1,550 | +€200 | +14.8% |
| Other amounts payable | 47/48 | €340,783 | €376,481 | +€35,698 | +10.5% |
| Accrued charges and deferred income | 492/3 | €10,830 | €26,630 | +€15,800 | +145.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,474 | €58,919 | +€4,445 | +8.2% |
| Other operating charges | 640/8 | €4,604 | €4,935 | +€331 | +7.2% |
| Gross operating margin | 9900 | €30,658 | €34,148 | +€3,490 | +11.4% |
| Operating profit (loss) | 9901 | -€28,420 | -€29,707 | -€1,287 | -4.5% |
| Financial income | 75/76B | €52 | €28 | -€24 | -46.9% |
| Recurring financial income | 75 | €52 | €28 | -€24 | -46.9% |
| Financial charges | 65/66B | €14,226 | €17,768 | +€3,542 | +24.9% |
| Recurring financial charges | 65 | €14,226 | €17,768 | +€3,542 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,594 | -€47,447 | -€4,853 | -11.4% |
| Income taxes | 67/77 | €133 | €140 | +€7 | +5.5% |
| Profit (loss) for the period | 9904 | -€42,727 | -€47,588 | -€4,861 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,727 | -€47,588 | -€4,861 | -11.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.