Van Meervenne: what changed
Van Meervenne
Largest movements
- Current investments +€750,000
up €750,000, from €0 to €750,000
- Stocks and contracts -€316,499
down €316,499 (-100%), from €316,499 to €0
of which Contracts in progress: -€292,653
- Tangible fixed assets -€107,007
down €107,007 (-53.4%), from €200,242 to €93,235
of which Land and buildings: -€61,265
- Cash -€65,839
down €65,839 (-9.0%), from €729,167 to €663,328
mainly Current investments (-€750,000) and Contributions, distributions and other (-€142,857)
- Receivables within one year -€55,934
down €55,934 (-58.1%), from €96,278 to €40,344
of which Trade receivables: -€70,442
- Reserves +€410,998
up €410,998 (+36.9%), from €1.1m to €1.5m
- Provisions -€100,000
down €100,000 (-100%), from €100,000 to €0
- Trade debts -€88,637
down €88,637 (-98.5%), from €89,973 to €1,336
- Tax, wage and social debts -€19,992
down €19,992 (-98.6%), from €20,269 to €277
- Gross operating margin +€378,568
up €378,568 (+97.7%), from €387,331 to €765,898
- Taxes +€168,547
up €168,547 (+181%), from €93,204 to €261,752
- Provisions -€74,975
down €74,975 (-300%), from -€25,025 to -€100,000
- Depreciation -€12,210
down €12,210 (-24.5%), from €49,913 to €37,703
- Financial income -€8,015
down €8,015 (-59.1%), from €13,552 to €5,537
of which Financial income: -€8,015
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,358,104 | €1,556,162 | +€198,058 | +14.6% |
| Fixed assets | 21/28 | €205,453 | €98,446 | -€107,007 | -52.1% |
| Tangible fixed assets | 22/27 | €200,242 | €93,235 | -€107,007 | -53.4% |
| Land and buildings | 22 | €110,863 | €49,597 | -€61,265 | -55.3% |
| Plant, machinery and equipment | 23 | €32,335 | €1,597 | -€30,738 | -95.1% |
| Furniture and vehicles | 24 | €57,045 | €42,041 | -€15,004 | -26.3% |
| Financial fixed assets | 28 | €5,211 | €5,211 | = | 0.0% |
| Current assets | 29/58 | €1,152,651 | €1,457,716 | +€305,065 | +26.5% |
| Stocks and contracts in progress | 3 | €316,499 | €0 | -€316,499 | -100% |
| Stocks | 30/36 | €23,847 | €0 | -€23,847 | -100% |
| Contracts in progress | 37 | €292,653 | €0 | -€292,653 | -100% |
| Amounts receivable within one year | 40/41 | €96,278 | €40,344 | -€55,934 | -58.1% |
| Trade receivables | 40 | €71,570 | €1,127 | -€70,442 | -98.4% |
| Other amounts receivable | 41 | €24,708 | €39,216 | +€14,508 | +58.7% |
| Current investments | 50/53 | €0 | €750,000 | +€750,000 | |
| Cash at bank and in hand | 54/58 | €729,167 | €663,328 | -€65,839 | -9.0% |
| Deferred charges and accrued income | 490/1 | €10,706 | €4,044 | -€6,662 | -62.2% |
| Total equity and liabilities | 10/49 | €1,358,104 | €1,556,162 | +€198,058 | +14.6% |
| Equity | 10/15 | €1,120,419 | €1,531,417 | +€410,998 | +36.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,113,291 | €1,524,289 | +€410,998 | +36.9% |
| Distributable reserves | 133 | €1,113,291 | €1,524,289 | +€410,998 | +36.9% |
| Profit (loss) carried forward | 14 | €923 | €923 | = | 0.0% |
| Provisions and deferred taxes | 16 | €100,000 | €0 | -€100,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €0 | -€100,000 | -100% |
| Major repairs and maintenance | 162 | €100,000 | €0 | -€100,000 | -100% |
| Amounts payable | 17/49 | €137,685 | €24,745 | -€112,940 | -82.0% |
| Amounts payable within one year | 42/48 | €137,685 | €24,745 | -€112,940 | -82.0% |
| Financial debts | 43 | €2,900 | €1,833 | -€1,067 | -36.8% |
| Credit institutions | 430/8 | €2,900 | €1,833 | -€1,067 | -36.8% |
| Trade debts | 44 | €89,973 | €1,336 | -€88,637 | -98.5% |
| Suppliers | 440/4 | €89,973 | €1,336 | -€88,637 | -98.5% |
| Taxes, remuneration and social security | 45 | €20,269 | €277 | -€19,992 | -98.6% |
| Taxes | 450/3 | €20,269 | €277 | -€19,992 | -98.6% |
| Other amounts payable | 47/48 | €24,543 | €21,300 | -€3,243 | -13.2% |
| Non-recurring operating income | 76A | €0 | €608,454 | +€608,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,913 | €37,703 | -€12,210 | -24.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,025 | -€100,000 | -€74,975 | -300% |
| Other operating charges | 640/8 | €16,165 | €15,410 | -€754 | -4.7% |
| Non-recurring operating charges | 66A | €71,975 | €0 | -€71,975 | -100% |
| Gross operating margin | 9900 | €387,331 | €765,898 | +€378,568 | +97.7% |
| Operating profit (loss) | 9901 | €274,303 | €812,785 | +€538,482 | +196% |
| Financial income | 75/76B | €13,552 | €5,537 | -€8,015 | -59.1% |
| Recurring financial income | 75 | €13,552 | €5,537 | -€8,015 | -59.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,909 | €2,716 | +€807 | +42.3% |
| Recurring financial charges | 65 | €1,909 | €2,716 | +€807 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €285,947 | €815,607 | +€529,660 | +185% |
| Income taxes | 67/77 | €93,204 | €261,752 | +€168,547 | +181% |
| Profit (loss) for the period | 9904 | €192,743 | €553,855 | +€361,112 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €192,743 | €553,855 | +€361,112 | +187% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.