VAN NOTEN JOHN: 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 NOTEN JOHN
Largest movements
- Receivables within one year -€36,537
down €36,537 (-98.9%), from €36,956 to €419
of which Trade receivables: -€36,954
- Cash -€23,914
down €23,914 (-40.9%), from €58,499 to €34,585
mainly Trade debts (-€93,809) and Debts after one year (-€22,458)
- Tangible fixed assets -€23,558
down €23,558 (-4.7%), from €506,477 to €482,919
- Trade debts -€93,809
down €93,809 (-100.0%), from €93,809 to €0
- Debts after one year -€22,458
down €22,458 (-50.0%), from €44,880 to €22,422
of which Financial debts: -€22,458
- Reserves +€21,824
up €21,824 (+8.6%), from €253,169 to €274,993
of which Distributable reserves: +€31,011
- Other debts +€12,383
up €12,383 (+29.3%), from €42,291 to €54,673
- Depreciation -€25,669
down €25,669 (-52.1%), from €49,227 to €23,558
- Gross operating margin +€16,090
up €16,090 (+40.4%), from €39,821 to €55,910
- Taxes +€4,584
up €4,584 (+428430.8%), from €1 to €4,585
- Financial income -€3,730
down €3,730 (-99.8%), from €3,738 to €8
- Financial charges -€2,573
down €2,573 (-51.9%), from €4,954 to €2,381
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 | €601,932 | €517,923 | -€84,009 | -14.0% |
| Fixed assets | 21/28 | €506,477 | €482,919 | -€23,558 | -4.7% |
| Tangible fixed assets | 22/27 | €506,477 | €482,919 | -€23,558 | -4.7% |
| Land and buildings | 22 | €506,477 | €482,919 | -€23,558 | -4.7% |
| Current assets | 29/58 | €95,455 | €35,004 | -€60,452 | -63.3% |
| Amounts receivable within one year | 40/41 | €36,956 | €419 | -€36,537 | -98.9% |
| Trade receivables | 40 | €36,954 | €0 | -€36,954 | -100.0% |
| Other amounts receivable | 41 | €2 | €419 | +€417 | +17149.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €58,499 | €34,585 | -€23,914 | -40.9% |
| Total equity and liabilities | 10/49 | €601,932 | €517,923 | -€84,009 | -14.0% |
| Equity | 10/15 | €321,377 | €343,201 | +€21,824 | +6.8% |
| Contributions | 10/11 | €68,208 | €68,208 | = | 0.0% |
| Reserves | 13 | €253,169 | €274,993 | +€21,824 | +8.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €234,692 | €225,505 | -€9,187 | -3.9% |
| Distributable reserves | 133 | €18,477 | €49,488 | +€31,011 | +167.8% |
| Provisions and deferred taxes | 16 | €78,231 | €75,168 | -€3,062 | -3.9% |
| Deferred taxes | 168 | €78,231 | €75,168 | -€3,062 | -3.9% |
| Amounts payable | 17/49 | €202,324 | €99,554 | -€102,771 | -50.8% |
| Amounts payable after more than one year | 17 | €44,880 | €22,422 | -€22,458 | -50.0% |
| Financial debts | 170/4 | €30,201 | €7,743 | -€22,458 | -74.4% |
| Other amounts payable | 178/9 | €14,679 | €14,679 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,444 | €77,132 | -€80,312 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €21,344 | €22,458 | +€1,114 | +5.2% |
| Trade debts | 44 | €93,809 | €0 | -€93,809 | -100.0% |
| Suppliers | 440/4 | €93,809 | €0 | -€93,809 | -100.0% |
| Other amounts payable | 47/48 | €42,291 | €54,673 | +€12,383 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,227 | €23,558 | -€25,669 | -52.1% |
| Other operating charges | 640/8 | €5,667 | €6,633 | +€966 | +17.0% |
| Gross operating margin | 9900 | €39,821 | €55,910 | +€16,090 | +40.4% |
| Operating profit (loss) | 9901 | -€15,074 | €25,719 | +€40,793 | |
| Financial income | 75/76B | €3,738 | €8 | -€3,730 | -99.8% |
| Recurring financial income | 75 | €3,738 | €8 | -€3,730 | -99.8% |
| Financial charges | 65/66B | €4,954 | €2,381 | -€2,573 | -51.9% |
| Recurring financial charges | 65 | €4,954 | €2,381 | -€2,573 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,289 | €23,347 | +€39,636 | |
| Transfer from deferred taxes | 780 | €519 | €3,062 | +€2,543 | +489.6% |
| Income taxes | 67/77 | €1 | €4,585 | +€4,584 | +428430.8% |
| Profit (loss) for the period | 9904 | -€15,771 | €21,824 | +€37,595 | |
| Transfer from tax-exempt reserves | 789 | €1,558 | €9,187 | +€7,629 | +489.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,213 | €31,011 | +€45,224 |
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 3 October 2026 via checked.be.