Van Mullem & Co: 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 Mullem & Co
Largest movements
- Cash +€30,939
up €30,939 (+23.8%), from €130,117 to €161,057
mainly Net result for the year (+€18,919) and Tax, wage and social debts (+€10,642)
- Receivables within one year +€2,604
up €2,604 (+11.2%), from €23,262 to €25,867
of which Trade receivables: +€2,452
- Reserves +€18,919
up €18,919 (+68.9%), from €27,452 to €46,370
- Tax, wage and social debts +€10,642
up €10,642 (+85.2%), from €12,486 to €23,128
of which Taxes: +€10,746
- Other debts +€2,310
up €2,310 (+8.6%), from €26,863 to €29,174
- Gross operating margin +€24,705
up €24,705 (+230.3%), from €10,727 to €35,432
- Taxes +€7,577
up €7,577 (+287.5%), from €2,635 to €10,212
- Staff costs +€635
up €635 (+143.8%), from €442 to €1,076
- Other operating charges +€596
up €596 (+46.9%), from €1,270 to €1,866
- Depreciation -€376
down €376 (-20.0%), from €1,876 to €1,500
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 | €165,779 | €198,423 | +€32,644 | +19.7% |
| Fixed assets | 21/28 | €2,984 | €1,484 | -€1,500 | -50.3% |
| Tangible fixed assets | 22/27 | €2,984 | €1,484 | -€1,500 | -50.3% |
| Furniture and vehicles | 24 | €2,984 | €1,484 | -€1,500 | -50.3% |
| Current assets | 29/58 | €162,796 | €196,940 | +€34,144 | +21.0% |
| Amounts receivable within one year | 40/41 | €23,262 | €25,867 | +€2,604 | +11.2% |
| Trade receivables | 40 | €19,444 | €21,895 | +€2,452 | +12.6% |
| Other amounts receivable | 41 | €3,819 | €3,972 | +€153 | +4.0% |
| Cash at bank and in hand | 54/58 | €130,117 | €161,057 | +€30,939 | +23.8% |
| Deferred charges and accrued income | 490/1 | €9,416 | €10,016 | +€600 | +6.4% |
| Total equity and liabilities | 10/49 | €165,779 | €198,423 | +€32,644 | +19.7% |
| Equity | 10/15 | €124,491 | €143,410 | +€18,919 | +15.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €27,452 | €46,370 | +€18,919 | +68.9% |
| Distributable reserves | 133 | €27,452 | €46,370 | +€18,919 | +68.9% |
| Profit (loss) carried forward | 14 | €96,039 | €96,039 | = | 0.0% |
| Amounts payable | 17/49 | €41,288 | €55,014 | +€13,726 | +33.2% |
| Amounts payable within one year | 42/48 | €40,586 | €53,795 | +€13,210 | +32.5% |
| Trade debts | 44 | €1,236 | €1,494 | +€257 | +20.8% |
| Suppliers | 440/4 | €1,236 | €1,494 | +€257 | +20.8% |
| Taxes, remuneration and social security | 45 | €12,486 | €23,128 | +€10,642 | +85.2% |
| Taxes | 450/3 | €8,188 | €18,934 | +€10,746 | +131.2% |
| Remuneration and social security | 454/9 | €4,299 | €4,194 | -€104 | -2.4% |
| Other amounts payable | 47/48 | €26,863 | €29,174 | +€2,310 | +8.6% |
| Accrued charges and deferred income | 492/3 | €702 | €1,218 | +€516 | +73.5% |
| Remuneration, social security and pensions | 62 | €442 | €1,076 | +€635 | +143.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,876 | €1,500 | -€376 | -20.0% |
| Other operating charges | 640/8 | €1,270 | €1,866 | +€596 | +46.9% |
| Gross operating margin | 9900 | €10,727 | €35,432 | +€24,705 | +230.3% |
| Operating profit (loss) | 9901 | €7,139 | €30,990 | +€23,851 | +334.1% |
| Financial income | 75/76B | €147 | €153 | +€6 | +4.0% |
| Recurring financial income | 75 | €147 | €153 | +€6 | +4.0% |
| Financial charges | 65/66B | €1,817 | €2,012 | +€195 | +10.7% |
| Recurring financial charges | 65 | €1,817 | €2,012 | +€195 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €5,469 | €29,131 | +€23,662 | +432.7% |
| Income taxes | 67/77 | €2,635 | €10,212 | +€7,577 | +287.5% |
| Profit (loss) for the period | 9904 | €2,833 | €18,919 | +€16,085 | +567.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,833 | €18,919 | +€16,085 | +567.7% |
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 12 October 2026 via checked.be.