VAN RENSBERGEN: 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 RENSBERGEN
Largest movements
- Cash -€27,017
down €27,017 (-11.0%), from €246,704 to €219,687
mainly Tax, wage and social debts (-€20,642) and Receivables within one year (-€16,815)
- Receivables within one year +€16,815
up €16,815 (+30.7%), from €54,689 to €71,504
of which Other amounts receivable: +€30,308
- Tangible fixed assets -€6,471
down €6,471 (-13.4%), from €48,449 to €41,978
of which Land and buildings: -€4,444
- Tax, wage and social debts -€20,642
down €20,642 (-92.6%), from €22,301 to €1,659
- Reserves +€4,000
up €4,000 (+3.1%), from €130,299 to €134,299
- Depreciation -€12,505
down €12,505 (-62.4%), from €20,032 to €7,527
- Gross operating margin +€6,627
up €6,627 (+86.7%), from €7,644 to €14,271
- Financial charges +€820
up €820 (+101%), from €812 to €1,632
- Taxes +€809
new in 2025: €809
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 | €358,440 | €343,289 | -€15,151 | -4.2% |
| Fixed assets | 21/28 | €50,439 | €43,468 | -€6,971 | -13.8% |
| Tangible fixed assets | 22/27 | €48,449 | €41,978 | -€6,471 | -13.4% |
| Land and buildings | 22 | €34,391 | €29,947 | -€4,444 | -12.9% |
| Plant, machinery and equipment | 23 | €7,114 | €6,845 | -€269 | -3.8% |
| Furniture and vehicles | 24 | €6,944 | €5,186 | -€1,758 | -25.3% |
| Financial fixed assets | 28 | €1,990 | €1,490 | -€500 | -25.1% |
| Current assets | 29/58 | €308,001 | €299,821 | -€8,180 | -2.7% |
| Stocks and contracts in progress | 3 | €4,200 | €4,571 | +€371 | +8.8% |
| Stocks | 30/36 | €4,200 | €4,571 | +€371 | +8.8% |
| Amounts receivable within one year | 40/41 | €54,689 | €71,504 | +€16,815 | +30.7% |
| Trade receivables | 40 | €14,898 | €1,405 | -€13,493 | -90.6% |
| Other amounts receivable | 41 | €39,791 | €70,099 | +€30,308 | +76.2% |
| Cash at bank and in hand | 54/58 | €246,704 | €219,687 | -€27,017 | -11.0% |
| Deferred charges and accrued income | 490/1 | €2,408 | €4,059 | +€1,651 | +68.6% |
| Total equity and liabilities | 10/49 | €358,440 | €343,289 | -€15,151 | -4.2% |
| Equity | 10/15 | €334,642 | €338,642 | +€4,000 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €130,299 | €134,299 | +€4,000 | +3.1% |
| Distributable reserves | 133 | €130,299 | €134,299 | +€4,000 | +3.1% |
| Profit (loss) carried forward | 14 | €185,751 | €185,751 | = | 0.0% |
| Amounts payable | 17/49 | €23,798 | €4,647 | -€19,151 | -80.5% |
| Amounts payable within one year | 42/48 | €23,798 | €4,647 | -€19,151 | -80.5% |
| Trade debts | 44 | €1,497 | €2,988 | +€1,491 | +99.6% |
| Suppliers | 440/4 | €1,497 | €2,988 | +€1,491 | +99.6% |
| Taxes, remuneration and social security | 45 | €22,301 | €1,659 | -€20,642 | -92.6% |
| Taxes | 450/3 | €22,301 | €1,659 | -€20,642 | -92.6% |
| Non-recurring operating income | 76A | €9,848 | - | -€9,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,032 | €7,527 | -€12,505 | -62.4% |
| Other operating charges | 640/8 | €526 | €386 | -€140 | -26.6% |
| Gross operating margin | 9900 | €7,644 | €14,271 | +€6,627 | +86.7% |
| Operating profit (loss) | 9901 | -€12,914 | €6,358 | +€19,272 | |
| Financial income | 75/76B | €210 | €83 | -€127 | -60.5% |
| Recurring financial income | 75 | €210 | €83 | -€127 | -60.5% |
| Financial charges | 65/66B | €812 | €1,632 | +€820 | +101% |
| Recurring financial charges | 65 | €812 | €1,632 | +€820 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€13,516 | €4,809 | +€18,325 | |
| Income taxes | 67/77 | - | €809 | +€809 | |
| Profit (loss) for the period | 9904 | -€13,516 | €4,000 | +€17,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,516 | €4,000 | +€17,516 |
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.