VAN REUSEL: 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 REUSEL
Largest movements
- Cash +€436,503
up €436,503 (+320%), from €136,473 to €572,976
mainly Trade debts (+€557,885) and Stocks and contracts (+€55,000)
- Tangible fixed assets +€150,628
up €150,628 (+362%), from €41,639 to €192,267
of which Furniture and vehicles: +€141,666
- Stocks and contracts -€55,000
down €55,000 (-5.0%), from €1.1m to €1.0m
- Receivables within one year +€49,254
up €49,254 (+6.0%), from €823,861 to €873,114
of which Trade receivables: +€30,240
- Trade debts +€557,885
up €557,885 (+202%), from €276,222 to €834,106
- Reserves +€52,187
up €52,187 (+61.0%), from €85,562 to €137,749
of which Distributable reserves: +€52,187
- Other debts -€45,301
down €45,301 (-4.3%), from €1.0m to €998,607
- Gross operating margin +€57,332
up €57,332 (+63.7%), from €89,978 to €147,310
- Taxes +€9,942
up €9,942 (+130%), from €7,654 to €17,596
- Staff costs -€7,278
down €7,278 (-20.5%), from €35,454 to €28,176
- Depreciation +€6,718
up €6,718 (+19.3%), from €34,729 to €41,447
- Financial income -€5,415
down €5,415 (-86.0%), from €6,296 to €881
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 | €2,099,073 | €2,680,457 | +€581,384 | +27.7% |
| Fixed assets | 21/28 | €41,639 | €192,267 | +€150,628 | +362% |
| Tangible fixed assets | 22/27 | €41,639 | €192,267 | +€150,628 | +362% |
| Land and buildings | 22 | €1,437 | €718 | -€718 | -50.0% |
| Plant, machinery and equipment | 23 | €21,053 | €30,733 | +€9,681 | +46.0% |
| Furniture and vehicles | 24 | €19,150 | €160,815 | +€141,666 | +740% |
| Current assets | 29/58 | €2,057,434 | €2,488,190 | +€430,756 | +20.9% |
| Stocks and contracts in progress | 3 | €1,097,100 | €1,042,100 | -€55,000 | -5.0% |
| Stocks | 30/36 | €1,097,100 | €1,042,100 | -€55,000 | -5.0% |
| Amounts receivable within one year | 40/41 | €823,861 | €873,114 | +€49,254 | +6.0% |
| Trade receivables | 40 | €786,458 | €816,698 | +€30,240 | +3.8% |
| Other amounts receivable | 41 | €37,402 | €56,416 | +€19,014 | +50.8% |
| Cash at bank and in hand | 54/58 | €136,473 | €572,976 | +€436,503 | +320% |
| Total equity and liabilities | 10/49 | €2,099,073 | €2,680,457 | +€581,384 | +27.7% |
| Equity | 10/15 | €104,162 | €156,349 | +€52,187 | +50.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,562 | €137,749 | +€52,187 | +61.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €83,702 | €135,889 | +€52,187 | +62.3% |
| Amounts payable | 17/49 | €1,994,911 | €2,524,108 | +€529,197 | +26.5% |
| Amounts payable after more than one year | 17 | €660,000 | €660,000 | = | 0.0% |
| Other amounts payable | 178/9 | €660,000 | €660,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,334,911 | €1,864,108 | +€529,197 | +39.6% |
| Trade debts | 44 | €276,222 | €834,106 | +€557,885 | +202% |
| Suppliers | 440/4 | €276,222 | €834,106 | +€557,885 | +202% |
| Taxes, remuneration and social security | 45 | €14,781 | €31,395 | +€16,614 | +112% |
| Taxes | 450/3 | €11,789 | €28,958 | +€17,169 | +146% |
| Remuneration and social security | 454/9 | €2,992 | €2,437 | -€555 | -18.5% |
| Other amounts payable | 47/48 | €1,043,908 | €998,607 | -€45,301 | -4.3% |
| Remuneration, social security and pensions | 62 | €35,454 | €28,176 | -€7,278 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,729 | €41,447 | +€6,718 | +19.3% |
| Other operating charges | 640/8 | €8,835 | €8,386 | -€449 | -5.1% |
| Gross operating margin | 9900 | €89,978 | €147,310 | +€57,332 | +63.7% |
| Operating profit (loss) | 9901 | €10,961 | €69,301 | +€58,341 | +532% |
| Financial income | 75/76B | €6,296 | €881 | -€5,415 | -86.0% |
| Recurring financial income | 75 | €6,296 | €881 | -€5,415 | -86.0% |
| Financial charges | 65/66B | €1,009 | €399 | -€610 | -60.4% |
| Recurring financial charges | 65 | €1,009 | €399 | -€610 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €16,247 | €69,783 | +€53,535 | +330% |
| Income taxes | 67/77 | €7,654 | €17,596 | +€9,942 | +130% |
| Profit (loss) for the period | 9904 | €8,594 | €52,187 | +€43,593 | +507% |
| Profit (loss) for the period to be appropriated | 9905 | €8,594 | €52,187 | +€43,593 | +507% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.