VAN RAEMDONCK: 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 RAEMDONCK
Largest movements
- Cash +€801,921
up €801,921 (+172%), from €464,923 to €1.3m
mainly Current investments (+€688,323) and Net result for the year (+€322,380)
- Current investments -€688,323
down €688,323 (-47.9%), from €1.4m to €749,540
- Receivables within one year -€22,905
down €22,905 (-100%), from €22,905 to €0
of which Other amounts receivable: -€22,905
- Other debts +€40,656
up €40,656, from €0 to €40,656
- Gross operating margin +€58,523
up €58,523 (+13.7%), from €425,691 to €484,214
- Taxes +€14,315
up €14,315 (+10.8%), from €132,032 to €146,347
- Financial income -€11,262
down €11,262 (-30.7%), from €36,659 to €25,397
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 | €2,097,135 | €2,166,356 | +€69,221 | +3.3% |
| Fixed assets | 21/28 | €168,197 | €148,540 | -€19,657 | -11.7% |
| Tangible fixed assets | 22/27 | €168,103 | €148,446 | -€19,657 | -11.7% |
| Plant, machinery and equipment | 23 | €1,686 | €2,771 | +€1,085 | +64.4% |
| Furniture and vehicles | 24 | €84,005 | €63,796 | -€20,209 | -24.1% |
| Other tangible fixed assets | 26 | €82,412 | €81,879 | -€533 | -0.6% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €1,928,938 | €2,017,816 | +€88,878 | +4.6% |
| Amounts receivable within one year | 40/41 | €22,905 | €0 | -€22,905 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €22,905 | €0 | -€22,905 | -100% |
| Current investments | 50/53 | €1,437,863 | €749,540 | -€688,323 | -47.9% |
| Cash at bank and in hand | 54/58 | €464,923 | €1,266,844 | +€801,921 | +172% |
| Deferred charges and accrued income | 490/1 | €3,248 | €1,433 | -€1,815 | -55.9% |
| Total equity and liabilities | 10/49 | €2,097,135 | €2,166,356 | +€69,221 | +3.3% |
| Equity | 10/15 | €2,066,556 | €2,065,667 | -€889 | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,048,006 | €2,047,117 | -€889 | 0.0% |
| Distributable reserves | 133 | €2,048,006 | €2,047,117 | -€889 | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,579 | €100,689 | +€70,110 | +229% |
| Amounts payable within one year | 42/48 | €30,579 | €100,689 | +€70,110 | +229% |
| Trade debts | 44 | €8,675 | €20,787 | +€12,112 | +140% |
| Suppliers | 440/4 | €8,675 | €20,787 | +€12,112 | +140% |
| Taxes, remuneration and social security | 45 | €21,904 | €39,245 | +€17,341 | +79.2% |
| Taxes | 450/3 | €21,904 | €39,245 | +€17,341 | +79.2% |
| Other amounts payable | 47/48 | €0 | €40,656 | +€40,656 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €829 | €1,106 | +€277 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,410 | €36,447 | +€2,037 | +5.9% |
| Other operating charges | 640/8 | €1,553 | €1,601 | +€48 | +3.1% |
| Gross operating margin | 9900 | €425,691 | €484,214 | +€58,523 | +13.7% |
| Operating profit (loss) | 9901 | €388,899 | €445,060 | +€56,161 | +14.4% |
| Financial income | 75/76B | €36,659 | €25,397 | -€11,262 | -30.7% |
| Recurring financial income | 75 | €36,659 | €25,397 | -€11,262 | -30.7% |
| Financial charges | 65/66B | €1,746 | €1,730 | -€17 | -1.0% |
| Recurring financial charges | 65 | €1,746 | €1,730 | -€17 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €423,811 | €468,727 | +€44,916 | +10.6% |
| Income taxes | 67/77 | €132,032 | €146,347 | +€14,315 | +10.8% |
| Profit (loss) for the period | 9904 | €291,779 | €322,380 | +€30,600 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €291,779 | €322,380 | +€30,600 | +10.5% |
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 19 October 2026 via checked.be.