Van'n Bike: what changed
Van'n Bike
Largest movements
- Tangible fixed assets -€470,568
down €470,568 (-94.8%), from €496,430 to €25,862
of which Land and buildings: -€451,866
- Receivables within one year +€40,675
up €40,675 (+161%), from €25,290 to €65,965
of which Trade receivables: +€26,913
- Stocks and contracts +€27,902
up €27,902 (+11.5%), from €243,450 to €271,352
- Cash -€19,241
down €19,241 (-100.0%), from €19,243 to €3
mainly Debts after one year (-€336,129) and Contributions, distributions and other (-€121,914)
- Debts after one year -€336,129
no longer reported in 2025 (was €336,129)
of which Financial debts: -€175,480
- Reserves -€85,876
down €85,876 (-26.0%), from €330,755 to €244,879
of which Distributable reserves: -€85,876
- Current portion of long-term debt -€50,963
no longer reported in 2025 (was €50,963)
- Trade debts +€36,618
up €36,618 (+91.8%), from €39,882 to €76,500
- Short-term financial debts +€17,397
new in 2025: €17,397
- Other operating charges +€57,996
up €57,996 (+3,229%), from €1,796 to €59,792
- Gross operating margin -€23,349
down €23,349 (-16.4%), from €141,957 to €118,608
- Taxes -€16,028
down €16,028 (-56.5%), from €28,382 to €12,354
- Depreciation -€10,057
down €10,057 (-60.1%), from €16,745 to €6,687
- Write-downs -€1,706
no longer reported in 2025 (was €1,706)
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 | €787,930 | €366,738 | -€421,192 | -53.5% |
| Fixed assets | 21/28 | €499,947 | €27,657 | -€472,290 | -94.5% |
| Intangible fixed assets | 21 | €3,517 | €1,794 | -€1,722 | -49.0% |
| Tangible fixed assets | 22/27 | €496,430 | €25,862 | -€470,568 | -94.8% |
| Land and buildings | 22 | €451,866 | - | -€451,866 | |
| Plant, machinery and equipment | 23 | €31,746 | €25,862 | -€5,884 | -18.5% |
| Furniture and vehicles | 24 | €7,233 | - | -€7,233 | |
| Other tangible fixed assets | 26 | €5,586 | - | -€5,586 | |
| Current assets | 29/58 | €287,983 | €339,081 | +€51,098 | +17.7% |
| Stocks and contracts in progress | 3 | €243,450 | €271,352 | +€27,902 | +11.5% |
| Stocks | 30/36 | €243,450 | €271,352 | +€27,902 | +11.5% |
| Amounts receivable within one year | 40/41 | €25,290 | €65,965 | +€40,675 | +161% |
| Trade receivables | 40 | €17,290 | €44,203 | +€26,913 | +156% |
| Other amounts receivable | 41 | €8,000 | €21,762 | +€13,762 | +172% |
| Cash at bank and in hand | 54/58 | €19,243 | €3 | -€19,241 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €1,761 | +€1,761 | |
| Total equity and liabilities | 10/49 | €787,930 | €366,738 | -€421,192 | -53.5% |
| Equity | 10/15 | €349,355 | €263,479 | -€85,876 | -24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330,755 | €244,879 | -€85,876 | -26.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €328,895 | €243,019 | -€85,876 | -26.1% |
| Amounts payable | 17/49 | €438,575 | €103,259 | -€335,316 | -76.5% |
| Amounts payable after more than one year | 17 | €336,129 | - | -€336,129 | |
| Financial debts | 170/4 | €175,480 | - | -€175,480 | |
| Other amounts payable | 178/9 | €160,650 | - | -€160,650 | |
| Amounts payable within one year | 42/48 | €102,446 | €103,259 | +€813 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €50,963 | - | -€50,963 | |
| Financial debts | 43 | - | €17,397 | +€17,397 | |
| Credit institutions | 430/8 | - | €17,397 | +€17,397 | |
| Trade debts | 44 | €39,882 | €76,500 | +€36,618 | +91.8% |
| Suppliers | 440/4 | €39,882 | €76,500 | +€36,618 | +91.8% |
| Taxes, remuneration and social security | 45 | €11,214 | €9,362 | -€1,852 | -16.5% |
| Taxes | 450/3 | €11,214 | €9,362 | -€1,852 | -16.5% |
| Other amounts payable | 47/48 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,745 | €6,687 | -€10,057 | -60.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,706 | - | -€1,706 | |
| Other operating charges | 640/8 | €1,796 | €59,792 | +€57,996 | +3,229% |
| Non-recurring operating charges | 66A | €420 | - | -€420 | |
| Gross operating margin | 9900 | €141,957 | €118,608 | -€23,349 | -16.4% |
| Operating profit (loss) | 9901 | €121,290 | €52,128 | -€69,161 | -57.0% |
| Financial income | 75/76B | €1,173 | €1,725 | +€552 | +47.0% |
| Recurring financial income | 75 | €1,173 | €1,725 | +€552 | +47.0% |
| Financial charges | 65/66B | €6,758 | €5,461 | -€1,296 | -19.2% |
| Recurring financial charges | 65 | €6,758 | €5,461 | -€1,296 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €115,705 | €48,392 | -€67,313 | -58.2% |
| Income taxes | 67/77 | €28,382 | €12,354 | -€16,028 | -56.5% |
| Profit (loss) for the period | 9904 | €87,323 | €36,038 | -€51,285 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,323 | €36,038 | -€51,285 | -58.7% |
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 3 November 2026 via checked.be.