VAN OCH INVEST: 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.
What changed
VAN OCH INVEST
NACE 68.121, Development of residential building projects
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€140,463
2025 · €7,180+€133,283
Equity
€622,517
2025 · €482,054+€140,463
Cash
€42,645
2025 · €19,555+€23,091
Balance sheet total
€3.7m
2025 · €2.6m+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+73.7%), from €1.5m to €2.6m
Equity and liabilities
- Current portion of long-term debt +€689,066
up €689,066 (+74.0%), from €930,927 to €1.6m
- Short-term financial debts +€258,950
up €258,950 (+14,966%), from €1,730 to €260,680
- Profit (loss) carried forward +€144,621
up €144,621 (+52.2%), from €277,119 to €421,741
- Tax, wage and social debts +€50,583
up €50,583 (+1,090%), from €4,643 to €55,226
Income statement
- Gross operating margin +€317,323
up €317,323 (+447%), from €70,951 to €388,275
- Financial charges +€121,727
up €121,727 (+233%), from €52,346 to €174,073
- Taxes +€43,484
up €43,484 (+53,684%), from €81 to €43,565
- Depreciation +€17,102
up €17,102 (+128%), from €13,398 to €30,500
From the 2025 result to the 2026 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 2025
€7,180
Gross operating margin
+€317,323
Depreciation
-€17,102
Other operating charges
-€965
Financial income
-€763
Financial charges
-€121,727
Taxes
-€43,484
Result 2026
€140,463
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€897,594
Investment
€0
Financing
+€920,685
Cash 2025
€19,555
From operations (derived)
-€897,594
Net result for the year
+€140,463
Depreciation
+€30,500
Stocks and contracts
-€1.1m
Smaller working-capital items
-€3,291
Trade debts
+€16,444
Tax, wage and social debts
+€50,583
Other debts
-€27,523
Financing
+€920,685
Debts after one year
-€27,332
Current portion of long-term debt
+€689,066
Short-term financial debts
+€258,950
Cash 2026
€42,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,644,296 | €3,743,562 | +€1.1m | +41.6% |
| Fixed assets | 21/28 | €933,943 | €903,443 | -€30,500 | -3.3% |
| Tangible fixed assets | 22/27 | €931,443 | €900,943 | -€30,500 | -3.3% |
| Land and buildings | 22 | €927,179 | €897,498 | -€29,682 | -3.2% |
| Plant, machinery and equipment | 23 | €4,263 | €3,445 | -€818 | -19.2% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,710,353 | €2,840,119 | +€1.1m | +66.1% |
| Stocks and contracts in progress | 3 | €1,498,042 | €2,602,812 | +€1.1m | +73.7% |
| Stocks | 30/36 | €1,498,042 | €2,602,812 | +€1.1m | +73.7% |
| Amounts receivable within one year | 40/41 | €190,714 | €191,774 | +€1,060 | +0.6% |
| Trade receivables | 40 | €129,720 | €17,852 | -€111,868 | -86.2% |
| Other amounts receivable | 41 | €60,994 | €173,921 | +€112,928 | +185% |
| Cash at bank and in hand | 54/58 | €19,555 | €42,645 | +€23,091 | +118% |
| Deferred charges and accrued income | 490/1 | €2,042 | €2,887 | +€845 | +41.4% |
| Total equity and liabilities | 10/49 | €2,644,296 | €3,743,562 | +€1.1m | +41.6% |
| Equity | 10/15 | €482,054 | €622,517 | +€140,463 | +29.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €104,934 | €100,776 | -€4,158 | -4.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,934 | €90,776 | -€4,158 | -4.4% |
| Profit (loss) carried forward | 14 | €277,119 | €421,741 | +€144,621 | +52.2% |
| Provisions and deferred taxes | 16 | €27,822 | €26,436 | -€1,386 | -5.0% |
| Deferred taxes | 168 | €27,822 | €26,436 | -€1,386 | -5.0% |
| Amounts payable | 17/49 | €2,134,420 | €3,094,609 | +€960,189 | +45.0% |
| Amounts payable after more than one year | 17 | €1,163,254 | €1,135,922 | -€27,332 | -2.3% |
| Financial debts | 170/4 | €1,163,254 | €1,119,260 | -€43,993 | -3.8% |
| Other amounts payable | 178/9 | - | €16,662 | +€16,662 | |
| Amounts payable within one year | 42/48 | €971,166 | €1,958,687 | +€987,521 | +102% |
| Current portion of amounts payable after more than one year | 42 | €930,927 | €1,619,993 | +€689,066 | +74.0% |
| Financial debts | 43 | €1,730 | €260,680 | +€258,950 | +14,966% |
| Credit institutions | 430/8 | €1,730 | €260,680 | +€258,950 | +14,966% |
| Trade debts | 44 | €6,344 | €22,788 | +€16,444 | +259% |
| Suppliers | 440/4 | €6,344 | €22,788 | +€16,444 | +259% |
| Taxes, remuneration and social security | 45 | €4,643 | €55,226 | +€50,583 | +1,090% |
| Taxes | 450/3 | €4,643 | €55,226 | +€50,583 | +1,090% |
| Other amounts payable | 47/48 | €27,523 | - | -€27,523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,398 | €30,500 | +€17,102 | +128% |
| Other operating charges | 640/8 | €4,168 | €5,133 | +€965 | +23.1% |
| Gross operating margin | 9900 | €70,951 | €388,275 | +€317,323 | +447% |
| Operating profit (loss) | 9901 | €53,385 | €352,642 | +€299,256 | +561% |
| Financial income | 75/76B | €4,835 | €4,073 | -€763 | -15.8% |
| Recurring financial income | 75 | €4,835 | €4,073 | -€763 | -15.8% |
| Financial charges | 65/66B | €52,346 | €174,073 | +€121,727 | +233% |
| Recurring financial charges | 65 | €52,346 | €174,073 | +€121,727 | +233% |
| Profit (loss) for the period before taxes | 9903 | €5,874 | €182,642 | +€176,767 | +3,009% |
| Transfer from deferred taxes | 780 | €1,386 | €1,386 | = | 0.0% |
| Income taxes | 67/77 | €81 | €43,565 | +€43,484 | +53,684% |
| Profit (loss) for the period | 9904 | €7,180 | €140,463 | +€133,283 | +1,856% |
| Transfer from tax-exempt reserves | 789 | €4,158 | €4,158 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,338 | €144,621 | +€133,283 | +1,176% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.