VAN LOST: 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 LOST
Largest movements
- Tangible fixed assets +€109,929
up €109,929 (+10.9%), from €1.0m to €1.1m
of which Land and buildings: +€119,951
- Cash -€71,663
down €71,663 (-41.8%), from €171,528 to €99,865
mainly Investment in fixed assets (net) (-€210,951) and Debts after one year (-€44,652)
- Deferred charges and accrued income +€12,726
up €12,726 (+470.3%), from €2,706 to €15,432
- Reserves +€79,060
up €79,060 (+9.9%), from €796,883 to €875,943
of which Distributable reserves: +€87,388
- Debts after one year -€44,652
down €44,652 (-71.9%), from €62,061 to €17,408
- Trade debts +€20,415
up €20,415 (+685.6%), from €2,978 to €23,393
- Gross operating margin -€266,542
down €266,542 (-49.7%), from €535,991 to €269,449
- Taxes +€20,387
up €20,387 (+71.4%), from €28,567 to €48,954
- Other operating charges -€17,745
down €17,745 (-30.2%), from €58,796 to €41,051
- Depreciation -€5,583
down €5,583 (-5.2%), from €106,605 to €101,022
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 | €1,186,645 | €1,242,301 | +€55,656 | +4.7% |
| Fixed assets | 21/28 | €1,007,058 | €1,116,987 | +€109,929 | +10.9% |
| Tangible fixed assets | 22/27 | €1,007,058 | €1,116,987 | +€109,929 | +10.9% |
| Land and buildings | 22 | €951,417 | €1,071,368 | +€119,951 | +12.6% |
| Plant, machinery and equipment | 23 | €580 | €364 | -€216 | -37.3% |
| Other tangible fixed assets | 26 | €55,061 | €45,256 | -€9,806 | -17.8% |
| Current assets | 29/58 | €179,586 | €125,314 | -€54,273 | -30.2% |
| Amounts receivable within one year | 40/41 | €5,352 | €10,016 | +€4,664 | +87.1% |
| Other amounts receivable | 41 | €5,352 | €10,016 | +€4,664 | +87.1% |
| Cash at bank and in hand | 54/58 | €171,528 | €99,865 | -€71,663 | -41.8% |
| Deferred charges and accrued income | 490/1 | €2,706 | €15,432 | +€12,726 | +470.3% |
| Total equity and liabilities | 10/49 | €1,186,645 | €1,242,301 | +€55,656 | +4.7% |
| Equity | 10/15 | €946,859 | €1,025,919 | +€79,060 | +8.3% |
| Contributions | 10/11 | €149,976 | €149,976 | = | 0.0% |
| Capital | 10 | €149,976 | €149,976 | = | 0.0% |
| Issued capital | 100 | €149,976 | €149,976 | = | 0.0% |
| Reserves | 13 | €796,883 | €875,943 | +€79,060 | +9.9% |
| Non-distributable reserves | 130/1 | €14,998 | €14,998 | = | 0.0% |
| Legal reserve | 130 | €14,998 | €14,998 | = | 0.0% |
| Tax-exempt reserves | 132 | €200,080 | €191,752 | -€8,328 | -4.2% |
| Distributable reserves | 133 | €581,805 | €669,193 | +€87,388 | +15.0% |
| Provisions and deferred taxes | 16 | €66,693 | €63,917 | -€2,776 | -4.2% |
| Deferred taxes | 168 | €66,693 | €63,917 | -€2,776 | -4.2% |
| Amounts payable | 17/49 | €173,092 | €152,465 | -€20,628 | -11.9% |
| Amounts payable after more than one year | 17 | €62,061 | €17,408 | -€44,652 | -71.9% |
| Financial debts | 170/4 | €62,061 | €17,408 | -€44,652 | -71.9% |
| Amounts payable within one year | 42/48 | €87,167 | €110,453 | +€23,286 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €46,139 | €47,201 | +€1,063 | +2.3% |
| Trade debts | 44 | €2,978 | €23,393 | +€20,415 | +685.6% |
| Suppliers | 440/4 | €2,978 | €23,393 | +€20,415 | +685.6% |
| Taxes, remuneration and social security | 45 | €19,550 | €24,058 | +€4,508 | +23.1% |
| Taxes | 450/3 | €19,550 | €24,058 | +€4,508 | +23.1% |
| Other amounts payable | 47/48 | €18,500 | €15,800 | -€2,700 | -14.6% |
| Accrued charges and deferred income | 492/3 | €23,865 | €24,604 | +€739 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,605 | €101,022 | -€5,583 | -5.2% |
| Other operating charges | 640/8 | €58,796 | €41,051 | -€17,745 | -30.2% |
| Gross operating margin | 9900 | €535,991 | €269,449 | -€266,542 | -49.7% |
| Operating profit (loss) | 9901 | €370,591 | €127,377 | -€243,214 | -65.6% |
| Financial income | 75/76B | €57 | €819 | +€762 | +1337.9% |
| Recurring financial income | 75 | €57 | €819 | +€762 | +1337.9% |
| Financial charges | 65/66B | €6,168 | €2,958 | -€3,210 | -52.0% |
| Recurring financial charges | 65 | €6,168 | €2,958 | -€3,210 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €364,480 | €125,238 | -€239,243 | -65.6% |
| Transfer from deferred taxes | 780 | €7,750 | €2,776 | -€4,974 | -64.2% |
| Transfer to deferred taxes | 680 | €74,444 | - | -€74,444 | |
| Income taxes | 67/77 | €28,567 | €48,954 | +€20,387 | +71.4% |
| Profit (loss) for the period | 9904 | €269,220 | €79,060 | -€190,160 | -70.6% |
| Transfer from tax-exempt reserves | 789 | €23,250 | €8,328 | -€14,922 | -64.2% |
| Transfer to tax-exempt reserves | 689 | €223,331 | - | -€223,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,139 | €87,388 | +€18,249 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.