VAN REMOORTERE: 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 REMOORTERE
Largest movements
- Cash -€9,422
down €9,422 (-15.5%), from €60,790 to €51,368
mainly Investment in fixed assets (net) (-€10,390) and Net result for the year (-€8,522)
- Reserves -€8,522
down €8,522 (-5.3%), from €160,937 to €152,415
of which Distributable reserves: -€5,668
- Gross operating margin +€902
up €902 (+21.3%), from €4,227 to €5,129
- Depreciation +€486
up €486 (+4.0%), from €12,252 to €12,738
- Financial charges -€142
down €142 (-33.5%), from €424 to €282
- Other operating charges +€65
up €65 (+3.1%), from €2,128 to €2,193
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 | €247,883 | €236,853 | -€11,029 | -4.4% |
| Fixed assets | 21/28 | €179,925 | €177,577 | -€2,348 | -1.3% |
| Tangible fixed assets | 22/27 | €179,677 | €177,329 | -€2,348 | -1.3% |
| Land and buildings | 22 | €33,703 | €33,703 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,683 | €4,447 | -€1,236 | -21.8% |
| Other tangible fixed assets | 26 | €140,292 | €139,180 | -€1,112 | -0.8% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €67,957 | €59,276 | -€8,681 | -12.8% |
| Amounts receivable within one year | 40/41 | €6,726 | €7,187 | +€461 | +6.9% |
| Trade receivables | 40 | - | €716 | +€716 | |
| Other amounts receivable | 41 | €6,726 | €6,471 | -€255 | -3.8% |
| Cash at bank and in hand | 54/58 | €60,790 | €51,368 | -€9,422 | -15.5% |
| Deferred charges and accrued income | 490/1 | €441 | €721 | +€280 | +63.4% |
| Total equity and liabilities | 10/49 | €247,883 | €236,853 | -€11,029 | -4.4% |
| Equity | 10/15 | €222,437 | €213,915 | -€8,522 | -3.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €160,937 | €152,415 | -€8,522 | -5.3% |
| Non-distributable reserves | 130/1 | €7,525 | €7,525 | = | 0.0% |
| Legal reserve | 130 | €7,525 | €7,525 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,827 | €42,973 | -€2,854 | -6.2% |
| Distributable reserves | 133 | €107,585 | €101,917 | -€5,668 | -5.3% |
| Provisions and deferred taxes | 16 | €21,108 | €19,639 | -€1,470 | -7.0% |
| Deferred taxes | 168 | €21,108 | €19,639 | -€1,470 | -7.0% |
| Amounts payable | 17/49 | €4,337 | €3,300 | -€1,037 | -23.9% |
| Amounts payable within one year | 42/48 | €4,337 | €3,300 | -€1,037 | -23.9% |
| Taxes, remuneration and social security | 45 | €1,037 | €0 | -€1,037 | -100% |
| Taxes | 450/3 | €1,037 | €0 | -€1,037 | -100% |
| Other amounts payable | 47/48 | €3,300 | €3,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,252 | €12,738 | +€486 | +4.0% |
| Other operating charges | 640/8 | €2,128 | €2,193 | +€65 | +3.1% |
| Gross operating margin | 9900 | €4,227 | €5,129 | +€902 | +21.3% |
| Operating profit (loss) | 9901 | -€10,153 | -€9,802 | +€351 | +3.5% |
| Financial income | 75/76B | €96 | €93 | -€4 | -4.1% |
| Recurring financial income | 75 | €96 | €93 | -€4 | -4.1% |
| Financial charges | 65/66B | €424 | €282 | -€142 | -33.5% |
| Recurring financial charges | 65 | €424 | €282 | -€142 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,481 | -€9,992 | +€489 | +4.7% |
| Transfer from deferred taxes | 780 | €1,470 | €1,470 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,011 | -€8,522 | +€489 | +5.4% |
| Transfer from tax-exempt reserves | 789 | €2,854 | €2,854 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,157 | -€5,668 | +€489 | +7.9% |
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 18 October 2026 via checked.be.