VAN POTTELSBERGHE CONSULT: 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 POTTELSBERGHE CONSULT
Largest movements
- Receivables within one year +€63,584
up €63,584 (+129%), from €49,432 to €113,016
of which Other amounts receivable: +€55,961
- Tangible fixed assets -€39,192
down €39,192 (-4.5%), from €878,242 to €839,050
of which Leasing and similar rights: -€33,415
- Debts after one year -€30,397
down €30,397 (-3.6%), from €850,217 to €819,820
- Reserves +€23,664
up €23,664 (+32.5%), from €72,770 to €96,434
- Short-term financial debts +€12,182
new in 2025: €12,182
- Gross operating margin -€3,138
down €3,138 (-3.4%), from €92,182 to €89,044
- Write-downs -€2,682
no longer reported in 2025 (was €2,682)
- Taxes +€2,617
up €2,617 (+28.2%), from €9,290 to €11,907
- Financial charges -€2,200
down €2,200 (-11.0%), from €19,993 to €17,793
- Financial income +€1,973
up €1,973 (+100%), from €1,968 to €3,940
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 | €1,013,807 | €1,027,066 | +€13,259 | +1.3% |
| Fixed assets | 21/28 | €878,242 | €839,050 | -€39,192 | -4.5% |
| Tangible fixed assets | 22/27 | €878,242 | €839,050 | -€39,192 | -4.5% |
| Plant, machinery and equipment | 23 | €2,050 | €1,382 | -€668 | -32.6% |
| Furniture and vehicles | 24 | €4,885 | €2,428 | -€2,458 | -50.3% |
| Leasing and similar rights | 25 | €852,175 | €818,760 | -€33,415 | -3.9% |
| Other tangible fixed assets | 26 | €19,132 | €16,481 | -€2,651 | -13.9% |
| Current assets | 29/58 | €135,565 | €188,016 | +€52,452 | +38.7% |
| Amounts receivable after more than one year | 29 | €85,000 | €75,000 | -€10,000 | -11.8% |
| Other amounts receivable | 291 | €85,000 | €75,000 | -€10,000 | -11.8% |
| Amounts receivable within one year | 40/41 | €49,432 | €113,016 | +€63,584 | +129% |
| Trade receivables | 40 | €19,784 | €27,407 | +€7,623 | +38.5% |
| Other amounts receivable | 41 | €29,649 | €85,610 | +€55,961 | +189% |
| Cash at bank and in hand | 54/58 | €1,132 | - | -€1,132 | |
| Total equity and liabilities | 10/49 | €1,013,807 | €1,027,066 | +€13,259 | +1.3% |
| Equity | 10/15 | €91,370 | €115,034 | +€23,664 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,770 | €96,434 | +€23,664 | +32.5% |
| Distributable reserves | 133 | €72,770 | €96,434 | +€23,664 | +32.5% |
| Amounts payable | 17/49 | €922,437 | €912,032 | -€10,404 | -1.1% |
| Amounts payable after more than one year | 17 | €850,217 | €819,820 | -€30,397 | -3.6% |
| Financial debts | 170/4 | €850,217 | €819,820 | -€30,397 | -3.6% |
| Amounts payable within one year | 42/48 | €72,220 | €92,213 | +€19,993 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €31,840 | €30,397 | -€1,442 | -4.5% |
| Financial debts | 43 | - | €12,182 | +€12,182 | |
| Credit institutions | 430/8 | - | €12,182 | +€12,182 | |
| Trade debts | 44 | €4,870 | €8,001 | +€3,131 | +64.3% |
| Suppliers | 440/4 | €4,870 | €8,001 | +€3,131 | +64.3% |
| Taxes, remuneration and social security | 45 | €35,510 | €41,633 | +€6,122 | +17.2% |
| Taxes | 450/3 | €35,510 | €41,633 | +€6,122 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,718 | €39,192 | -€526 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,682 | - | -€2,682 | |
| Other operating charges | 640/8 | €204 | €429 | +€225 | +111% |
| Gross operating margin | 9900 | €92,182 | €89,044 | -€3,138 | -3.4% |
| Operating profit (loss) | 9901 | €49,578 | €49,423 | -€155 | -0.3% |
| Financial income | 75/76B | €1,968 | €3,940 | +€1,973 | +100% |
| Recurring financial income | 75 | €1,968 | €3,940 | +€1,973 | +100% |
| Financial charges | 65/66B | €19,993 | €17,793 | -€2,200 | -11.0% |
| Recurring financial charges | 65 | €19,993 | €17,793 | -€2,200 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €31,553 | €35,571 | +€4,018 | +12.7% |
| Income taxes | 67/77 | €9,290 | €11,907 | +€2,617 | +28.2% |
| Profit (loss) for the period | 9904 | €22,263 | €23,664 | +€1,401 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,263 | €23,664 | +€1,401 | +6.3% |
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 31 October 2026 via checked.be.