VAN OEVELEN: 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 OEVELEN
Largest movements
- Cash -€70,957
down €70,957 (-38.5%), from €184,210 to €113,253
mainly Contributions, distributions and other (-€293,400) and Investment in fixed assets (net) (-€65,708)
- Current investments -€56,667
no longer reported in 2025 (was €56,667)
- Tangible fixed assets +€33,881
up €33,881 (+9.8%), from €344,542 to €378,423
of which Furniture and vehicles: +€44,351
- Reserves -€159,297
down €159,297 (-23.8%), from €670,151 to €510,854
of which Distributable reserves: -€157,573
- Debts after one year +€26,682
new in 2025: €26,682
- Tax, wage and social debts +€18,876
up €18,876 (+167%), from €11,297 to €30,174
- Gross operating margin +€35,786
up €35,786 (+18.0%), from €198,445 to €234,231
- Taxes +€14,987
up €14,987 (+30.3%), from €49,543 to €64,530
- Financial income -€6,265
down €6,265 (-76.5%), from €8,187 to €1,922
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.
Derived cash bridge
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 | €1,518,368 | €1,419,687 | -€98,681 | -6.5% |
| Fixed assets | 21/28 | €1,044,097 | €1,077,978 | +€33,881 | +3.2% |
| Tangible fixed assets | 22/27 | €344,542 | €378,423 | +€33,881 | +9.8% |
| Land and buildings | 22 | €333,901 | €319,647 | -€14,254 | -4.3% |
| Plant, machinery and equipment | 23 | €3,993 | €7,489 | +€3,497 | +87.6% |
| Furniture and vehicles | 24 | €5,093 | €49,444 | +€44,351 | +871% |
| Other tangible fixed assets | 26 | €1,555 | €1,842 | +€287 | +18.4% |
| Financial fixed assets | 28 | €699,555 | €699,555 | = | 0.0% |
| Current assets | 29/58 | €474,270 | €341,709 | -€132,562 | -28.0% |
| Stocks and contracts in progress | 3 | €223,383 | €223,383 | = | 0.0% |
| Stocks | 30/36 | €223,383 | €223,383 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,107 | €3,152 | -€4,955 | -61.1% |
| Trade receivables | 40 | €4,935 | €3,152 | -€1,783 | -36.1% |
| Other amounts receivable | 41 | €3,172 | - | -€3,172 | |
| Current investments | 50/53 | €56,667 | - | -€56,667 | |
| Cash at bank and in hand | 54/58 | €184,210 | €113,253 | -€70,957 | -38.5% |
| Deferred charges and accrued income | 490/1 | €1,904 | €1,921 | +€17 | +0.9% |
| Total equity and liabilities | 10/49 | €1,518,368 | €1,419,687 | -€98,681 | -6.5% |
| Equity | 10/15 | €1,492,037 | €1,332,739 | -€159,297 | -10.7% |
| Contributions | 10/11 | €821,886 | €821,886 | = | 0.0% |
| Reserves | 13 | €670,151 | €510,854 | -€159,297 | -23.8% |
| Tax-exempt reserves | 132 | €17,238 | €15,514 | -€1,724 | -10.0% |
| Distributable reserves | 133 | €652,913 | €495,340 | -€157,573 | -24.1% |
| Provisions and deferred taxes | 16 | €4,418 | €3,976 | -€442 | -10.0% |
| Deferred taxes | 168 | €4,418 | €3,976 | -€442 | -10.0% |
| Amounts payable | 17/49 | €21,913 | €82,971 | +€61,058 | +279% |
| Amounts payable after more than one year | 17 | - | €26,682 | +€26,682 | |
| Financial debts | 170/4 | - | €26,682 | +€26,682 | |
| Amounts payable within one year | 42/48 | €19,752 | €55,097 | +€35,345 | +179% |
| Current portion of amounts payable after more than one year | 42 | €4,623 | €11,782 | +€7,160 | +155% |
| Financial debts | 43 | €273 | €440 | +€167 | +61.0% |
| Credit institutions | 430/8 | €273 | €440 | +€167 | +61.0% |
| Trade debts | 44 | €2,875 | €5,162 | +€2,287 | +79.5% |
| Suppliers | 440/4 | €2,875 | €5,162 | +€2,287 | +79.5% |
| Taxes, remuneration and social security | 45 | €11,297 | €30,174 | +€18,876 | +167% |
| Taxes | 450/3 | €11,297 | €30,174 | +€18,876 | +167% |
| Other amounts payable | 47/48 | €684 | €7,539 | +€6,855 | +1,002% |
| Accrued charges and deferred income | 492/3 | €2,161 | €1,192 | -€969 | -44.8% |
| Non-recurring operating income | 76A | - | €5,816 | +€5,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,350 | €31,827 | +€477 | +1.5% |
| Other operating charges | 640/8 | €5,333 | €4,933 | -€400 | -7.5% |
| Gross operating margin | 9900 | €198,445 | €234,231 | +€35,786 | +18.0% |
| Operating profit (loss) | 9901 | €161,762 | €197,471 | +€35,709 | +22.1% |
| Financial income | 75/76B | €8,187 | €1,922 | -€6,265 | -76.5% |
| Recurring financial income | 75 | €8,187 | €1,922 | -€6,265 | -76.5% |
| Financial charges | 65/66B | €1,411 | €1,201 | -€210 | -14.9% |
| Recurring financial charges | 65 | €1,411 | €1,201 | -€210 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €168,538 | €198,191 | +€29,653 | +17.6% |
| Transfer from deferred taxes | 780 | €442 | €442 | = | 0.0% |
| Income taxes | 67/77 | €49,543 | €64,530 | +€14,987 | +30.3% |
| Profit (loss) for the period | 9904 | €119,437 | €134,103 | +€14,666 | +12.3% |
| Transfer from tax-exempt reserves | 789 | €1,724 | €1,724 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,161 | €135,827 | +€14,666 | +12.1% |
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 20 October 2026 via checked.be.