VAN IMP: 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 IMP
Largest movements
- Cash +€34,268
up €34,268 (+404%), from €8,492 to €42,760
mainly Net result for the year (+€90,664) and Depreciation (+€36,288)
- Tangible fixed assets +€8,417
up €8,417 (+16.1%), from €52,218 to €60,635
of which Plant, machinery and equipment: +€28,858
- Receivables within one year +€4,946
up €4,946 (+24.9%), from €19,890 to €24,836
of which Trade receivables: +€4,946
- Profit (loss) carried forward +€40,664
up €40,664 (+61.0%), from -€66,700 to -€26,036
- Tax, wage and social debts +€10,320
up €10,320 (+282%), from €3,655 to €13,975
of which Taxes: +€9,120
- Debts after one year -€6,217
down €6,217 (-7.3%), from €84,818 to €78,602
- Gross operating margin +€82,754
up €82,754 (+96.1%), from €86,086 to €168,840
- Taxes +€20,116
up €20,116 (+151%), from €13,362 to €33,477
- Depreciation +€4,284
up €4,284 (+13.4%), from €32,005 to €36,288
- Other operating charges +€1,904
up €1,904 (+192%), from €992 to €2,897
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 | €81,249 | €128,230 | +€46,981 | +57.8% |
| Fixed assets | 21/28 | €52,218 | €60,635 | +€8,417 | +16.1% |
| Tangible fixed assets | 22/27 | €52,218 | €60,635 | +€8,417 | +16.1% |
| Plant, machinery and equipment | 23 | - | €28,858 | +€28,858 | |
| Furniture and vehicles | 24 | €52,218 | €31,777 | -€20,441 | -39.1% |
| Current assets | 29/58 | €29,031 | €67,595 | +€38,565 | +133% |
| Amounts receivable within one year | 40/41 | €19,890 | €24,836 | +€4,946 | +24.9% |
| Trade receivables | 40 | €18,240 | €23,186 | +€4,946 | +27.1% |
| Other amounts receivable | 41 | €1,650 | €1,650 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,492 | €42,760 | +€34,268 | +404% |
| Deferred charges and accrued income | 490/1 | €649 | - | -€649 | |
| Total equity and liabilities | 10/49 | €81,249 | €128,230 | +€46,981 | +57.8% |
| Equity | 10/15 | -€35,556 | €5,107 | +€40,664 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €6,144 | €6,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €3,644 | €3,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,700 | -€26,036 | +€40,664 | +61.0% |
| Amounts payable | 17/49 | €116,805 | €123,123 | +€6,318 | +5.4% |
| Amounts payable after more than one year | 17 | €84,818 | €78,602 | -€6,217 | -7.3% |
| Financial debts | 170/4 | €84,818 | €78,602 | -€6,217 | -7.3% |
| Amounts payable within one year | 42/48 | €31,987 | €44,521 | +€12,535 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €22,959 | €24,241 | +€1,282 | +5.6% |
| Financial debts | 43 | €239 | - | -€239 | |
| Credit institutions | 430/8 | €239 | - | -€239 | |
| Trade debts | 44 | €4,380 | €5,000 | +€620 | +14.1% |
| Suppliers | 440/4 | €4,380 | €5,000 | +€620 | +14.1% |
| Taxes, remuneration and social security | 45 | €3,655 | €13,975 | +€10,320 | +282% |
| Taxes | 450/3 | €3,655 | €12,775 | +€9,120 | +250% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €753 | €1,306 | +€552 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,005 | €36,288 | +€4,284 | +13.4% |
| Other operating charges | 640/8 | €992 | €2,897 | +€1,904 | +192% |
| Gross operating margin | 9900 | €86,086 | €168,840 | +€82,754 | +96.1% |
| Operating profit (loss) | 9901 | €53,089 | €129,655 | +€76,566 | +144% |
| Financial income | 75/76B | €29 | €6 | -€23 | -79.1% |
| Recurring financial income | 75 | €29 | €6 | -€23 | -79.1% |
| Financial charges | 65/66B | €4,540 | €5,520 | +€980 | +21.6% |
| Recurring financial charges | 65 | €4,540 | €5,520 | +€980 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €48,578 | €124,141 | +€75,563 | +156% |
| Income taxes | 67/77 | €13,362 | €33,477 | +€20,116 | +151% |
| Profit (loss) for the period | 9904 | €35,216 | €90,664 | +€55,448 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €35,216 | €90,664 | +€55,448 | +157% |
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 13 October 2026 via checked.be.