VAN MOER BRUSSELS: 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.
What changed
VAN MOER BRUSSELS
NACE 52.220, Warehousing and support activities for transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€285,959
2024 · -€174,736-€111,223
Equity
€829,004
2024 · €1.1m-€285,959
Cash
€4,979
2024 · €5,981-€1,002
Balance sheet total
€6.2m
2024 · €6.5m-€323,481
Largest movements
Assets
- Receivables within one year -€334,252
down €334,252 (-20.0%), from €1.7m to €1.3m
Equity and liabilities
- Profit (loss) carried forward -€285,959
down €285,959, from €115,718 to -€170,241
- Trade debts -€163,592
down €163,592 (-29.1%), from €562,378 to €398,786
- Provisions +€70,000
up €70,000 (+233.3%), from €30,000 to €100,000
- Debts after one year +€68,347
up €68,347 (+1.6%), from €4.3m to €4.3m
of which Other amounts payable: +€507,007
Income statement
- Turnover -€759,523
down €759,523 (-13.2%), from €5.8m to €5.0m
- Goods and materials -€650,750
down €650,750 (-22.6%), from €2.9m to €2.2m
- Other operating income +€326,433
up €326,433 (+259.9%), from €125,602 to €452,036
- Depreciation +€242,756
up €242,756 (+104.2%), from €233,042 to €475,798
- Services and other goods +€147,834
up €147,834 (+7.0%), from €2.1m to €2.3m
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.
Result 2024
-€174,736
Turnover
-€759,523
Other operating income
+€326,433
Goods and materials
+€650,750
Services and other goods
-€147,834
Staff costs
-€59,916
Depreciation
-€242,756
Write-downs
+€25,799
Other operating charges
+€73,027
Other operating items
+€50,194
Financial income
+€6,690
Financial charges
-€33,728
Taxes
-€358
Result 2025
-€285,959
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.
From operations
+€380,114
Investment
-€465,102
Financing
+€83,986
Cash 2024
€5,981
From operations (derived)
+€380,114
Net result for the year
-€285,959
Depreciation
+€475,798
Receivables within one year
+€334,252
Deferred charges and accrued income
-€22,468
Provisions
+€70,000
Trade debts
-€163,592
Tax, wage and social debts
-€27,916
Investment (derived)
-€465,102
Investment in fixed assets (net)
-€465,102
Financing
+€83,986
Debts after one year
+€68,347
Current portion of long-term debt
+€15,640
Cash 2025
€4,979
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,480,170 | €6,156,689 | -€323,481 | -5.0% |
| Fixed assets | 21/28 | €4,749,933 | €4,739,237 | -€10,696 | -0.2% |
| Intangible fixed assets | 21 | €60 | €0 | -€60 | -100.0% |
| Tangible fixed assets | 22/27 | €4,706,678 | €4,696,043 | -€10,636 | -0.2% |
| Land and buildings | 22 | €152,855 | €0 | -€152,855 | -100.0% |
| Plant, machinery and equipment | 23 | €122,573 | €466,281 | +€343,708 | +280.4% |
| Furniture and vehicles | 24 | €50,287 | €5,515 | -€44,772 | -89.0% |
| Leasing and similar rights | 25 | €4,380,964 | €4,109,433 | -€271,531 | -6.2% |
| Other tangible fixed assets | 26 | - | €114,814 | +€114,814 | |
| Financial fixed assets | 28 | €43,194 | €43,194 | = | 0.0% |
| Other financial fixed assets | 284/8 | €43,194 | €43,194 | = | 0.0% |
| Shares | 284 | €1,487 | €1,487 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €41,707 | €41,707 | = | 0.0% |
| Current assets | 29/58 | €1,730,237 | €1,417,452 | -€312,786 | -18.1% |
| Amounts receivable within one year | 40/41 | €1,671,275 | €1,337,023 | -€334,252 | -20.0% |
| Trade receivables | 40 | €1,671,275 | €1,337,023 | -€334,252 | -20.0% |
| Cash at bank and in hand | 54/58 | €5,981 | €4,979 | -€1,002 | -16.7% |
| Deferred charges and accrued income | 490/1 | €52,982 | €75,450 | +€22,468 | +42.4% |
| Total equity and liabilities | 10/49 | €6,480,170 | €6,156,689 | -€323,481 | -5.0% |
| Equity | 10/15 | €1,114,963 | €829,004 | -€285,959 | -25.6% |
| Contributions | 10/11 | €306,092 | €306,092 | = | 0.0% |
| Capital | 10 | €306,092 | €306,092 | = | 0.0% |
| Issued capital | 100 | €306,092 | €306,092 | = | 0.0% |
| Reserves | 13 | €693,153 | €693,153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,684 | €57,684 | = | 0.0% |
| Legal reserve | 130 | €57,684 | €57,684 | = | 0.0% |
| Tax-exempt reserves | 132 | €635,469 | €635,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,718 | -€170,241 | -€285,959 | |
| Provisions and deferred taxes | 16 | €30,000 | €100,000 | +€70,000 | +233.3% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €100,000 | +€70,000 | +233.3% |
| Environmental obligations | 163 | €30,000 | €100,000 | +€70,000 | +233.3% |
| Amounts payable | 17/49 | €5,335,207 | €5,227,685 | -€107,522 | -2.0% |
| Amounts payable after more than one year | 17 | €4,250,797 | €4,319,143 | +€68,347 | +1.6% |
| Financial debts | 170/4 | €3,938,404 | €3,499,744 | -€438,660 | -11.1% |
| Leasing and similar obligations | 172 | €3,938,404 | €3,499,744 | -€438,660 | -11.1% |
| Other amounts payable | 178/9 | €312,393 | €819,399 | +€507,007 | +162.3% |
| Amounts payable within one year | 42/48 | €1,084,410 | €908,542 | -€175,868 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €423,021 | €438,660 | +€15,640 | +3.7% |
| Trade debts | 44 | €562,378 | €398,786 | -€163,592 | -29.1% |
| Suppliers | 440/4 | €562,378 | €398,786 | -€163,592 | -29.1% |
| Taxes, remuneration and social security | 45 | €99,012 | €71,096 | -€27,916 | -28.2% |
| Taxes | 450/3 | €31,432 | €12,724 | -€18,708 | -59.5% |
| Remuneration and social security | 454/9 | €67,579 | €58,371 | -€9,208 | -13.6% |
| Operating income | 70/76A | €5,875,952 | €5,563,057 | -€312,895 | -5.3% |
| Turnover | 70 | €5,750,350 | €4,990,827 | -€759,523 | -13.2% |
| Other operating income | 74 | €125,602 | €452,036 | +€326,433 | +259.9% |
| Non-recurring operating income | 76A | - | €120,194 | +€120,194 | |
| Operating charges | 60/66A | €5,892,766 | €5,663,697 | -€229,069 | -3.9% |
| Goods for resale, raw materials and consumables | 60 | €2,878,177 | €2,227,427 | -€650,750 | -22.6% |
| Purchases | 600/8 | €2,878,177 | €2,227,427 | -€650,750 | -22.6% |
| Services and other goods | 61 | €2,108,734 | €2,256,568 | +€147,834 | +7.0% |
| Remuneration, social security and pensions | 62 | €551,849 | €611,766 | +€59,916 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,042 | €475,798 | +€242,756 | +104.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,600 | -€13,200 | -€25,799 | |
| Other operating charges | 640/8 | €108,365 | €35,338 | -€73,027 | -67.4% |
| Non-recurring operating charges | 66A | - | €70,000 | +€70,000 | |
| Operating profit (loss) | 9901 | -€16,814 | -€100,640 | -€83,826 | -498.5% |
| Financial income | 75/76B | €1,233 | €7,923 | +€6,690 | +542.5% |
| Recurring financial income | 75 | €1,233 | €7,923 | +€6,690 | +542.5% |
| Other financial income | 752/9 | €1,233 | €7,923 | +€6,690 | +542.5% |
| Financial charges | 65/66B | €159,069 | €192,797 | +€33,728 | +21.2% |
| Recurring financial charges | 65 | €159,069 | €192,797 | +€33,728 | +21.2% |
| Debt charges | 650 | €149,967 | €169,270 | +€19,303 | +12.9% |
| Other financial charges | 652/9 | €9,101 | €23,527 | +€14,426 | +158.5% |
| Profit (loss) for the period before taxes | 9903 | -€174,649 | -€285,515 | -€110,865 | -63.5% |
| Income taxes | 67/77 | €87 | €445 | +€358 | +411.7% |
| Taxes | 670/3 | €87 | €445 | +€358 | +411.7% |
| Profit (loss) for the period | 9904 | -€174,736 | -€285,959 | -€111,223 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,736 | -€285,959 | -€111,223 | -63.7% |
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 8 October 2026 via checked.be.