VAN KOL: 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 KOL
Largest movements
- Receivables within one year +€45,306
up €45,306 (+167.2%), from €27,094 to €72,400
of which Other amounts receivable: +€45,306
- Tangible fixed assets -€26,398
down €26,398 (-10.4%), from €252,987 to €226,588
of which Land and buildings: -€17,876
- Deferred charges and accrued income -€4,044
down €4,044 (-21.6%), from €18,712 to €14,667
- Other debts +€45,567
new in 2025: €45,567
- Reserves -€26,450
down €26,450 (-7.9%), from €334,659 to €308,209
of which Distributable reserves: -€26,450
- Tax, wage and social debts -€8,794
down €8,794 (-66.2%), from €13,279 to €4,485
- Gross operating margin -€15,154
down €15,154 (-13.7%), from €110,246 to €95,092
- Taxes -€2,882
down €2,882 (-10.9%), from €26,354 to €23,471
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 | €366,975 | €379,463 | +€12,488 | +3.4% |
| Fixed assets | 21/28 | €252,987 | €226,588 | -€26,398 | -10.4% |
| Tangible fixed assets | 22/27 | €252,987 | €226,588 | -€26,398 | -10.4% |
| Land and buildings | 22 | €220,218 | €202,342 | -€17,876 | -8.1% |
| Plant, machinery and equipment | 23 | €1,437 | €1,275 | -€162 | -11.3% |
| Furniture and vehicles | 24 | €31,332 | €22,971 | -€8,361 | -26.7% |
| Current assets | 29/58 | €113,988 | €152,875 | +€38,887 | +34.1% |
| Amounts receivable within one year | 40/41 | €27,094 | €72,400 | +€45,306 | +167.2% |
| Trade receivables | 40 | €15,609 | €15,609 | = | 0.0% |
| Other amounts receivable | 41 | €11,485 | €56,791 | +€45,306 | +394.5% |
| Cash at bank and in hand | 54/58 | €68,182 | €65,808 | -€2,374 | -3.5% |
| Deferred charges and accrued income | 490/1 | €18,712 | €14,667 | -€4,044 | -21.6% |
| Total equity and liabilities | 10/49 | €366,975 | €379,463 | +€12,488 | +3.4% |
| Equity | 10/15 | €353,259 | €326,809 | -€26,450 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €334,659 | €308,209 | -€26,450 | -7.9% |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €327,159 | €300,709 | -€26,450 | -8.1% |
| Amounts payable | 17/49 | €13,716 | €52,655 | +€38,939 | +283.9% |
| Amounts payable within one year | 42/48 | €13,716 | €52,535 | +€38,819 | +283.0% |
| Trade debts | 44 | €437 | €2,483 | +€2,046 | +468.4% |
| Suppliers | 440/4 | €437 | €2,483 | +€2,046 | +468.4% |
| Taxes, remuneration and social security | 45 | €13,279 | €4,485 | -€8,794 | -66.2% |
| Taxes | 450/3 | €13,279 | €4,485 | -€8,794 | -66.2% |
| Other amounts payable | 47/48 | - | €45,567 | +€45,567 | |
| Accrued charges and deferred income | 492/3 | - | €119 | +€119 | |
| Non-recurring operating income | 76A | €2,515 | - | -€2,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,805 | €27,778 | -€27 | -0.1% |
| Other operating charges | 640/8 | €2,442 | €2,472 | +€30 | +1.2% |
| Gross operating margin | 9900 | €110,246 | €95,092 | -€15,154 | -13.7% |
| Operating profit (loss) | 9901 | €79,998 | €64,842 | -€15,157 | -18.9% |
| Financial income | 75/76B | €289 | €725 | +€435 | +150.5% |
| Recurring financial income | 75 | €289 | €725 | +€435 | +150.5% |
| Financial charges | 65/66B | €399 | €1,095 | +€696 | +174.6% |
| Recurring financial charges | 65 | €399 | €1,095 | +€696 | +174.6% |
| Profit (loss) for the period before taxes | 9903 | €79,889 | €64,471 | -€15,417 | -19.3% |
| Income taxes | 67/77 | €26,354 | €23,471 | -€2,882 | -10.9% |
| Profit (loss) for the period | 9904 | €53,535 | €41,000 | -€12,535 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,535 | €41,000 | -€12,535 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.