Van Riel: 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.
What changed
Van Riel
NACE 13.300, Finishing of textiles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€21,583
2024 · €12,405-€33,988
Equity
€781,985
2024 · €803,568-€21,583
Cash
€294,576
2024 · €67,795+€226,781
Balance sheet total
€3.6m
2024 · €3.5m+€56,871
Largest movements
Assets
- Tangible fixed assets -€239,800
down €239,800 (-20.0%), from €1.2m to €957,059
- Cash +€226,781
up €226,781 (+334.5%), from €67,795 to €294,576
mainly Other debts (+€1.0m) and Depreciation (+€221,227)
- Current investments +€162,000
new in 2025: €162,000
- Receivables within one year -€137,295
down €137,295 (-24.0%), from €572,855 to €435,560
of which Trade receivables: -€144,897
Equity and liabilities
- Other debts +€1.0m
up €1.0m, from €0 to €1.0m
- Short-term financial debts -€802,989
down €802,989 (-66.6%), from €1.2m to €402,502
of which Credit institutions: -€802,989
- Debts after one year -€109,420
down €109,420 (-31.9%), from €342,848 to €233,428
Income statement
- Other operating charges +€257,353
up €257,353 (+172.8%), from €148,952 to €406,305
- Write-downs -€195,311
new in 2025: -€195,311
- Financial income +€50,467
up €50,467 (+1946.1%), from €2,593 to €53,060
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.
Result 2024
€12,405
Gross operating margin
-€7,599
Staff costs
-€3,031
Depreciation
+€5,821
Write-downs
+€195,311
Other operating charges
-€257,353
Other operating items
-€34,819
Financial income
+€50,467
Financial charges
+€2,946
Taxes
+€14,269
Result 2025
-€21,583
Cash bridge derived
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.
From operations
+€1.3m
Investment
-€146,759
Financing
-€919,767
Cash 2024
€67,795
From operations (derived)
+€1.3m
Net result for the year
-€21,583
Depreciation
+€221,227
Stocks and contracts
-€25,483
Receivables within one year
+€137,295
Deferred charges and accrued income
-€16,370
Trade debts
+€7,572
Tax, wage and social debts
-€7,101
Other debts
+€1.0m
Accrued charges and deferred income
-€2,500
Investment (derived)
-€146,759
Investment in fixed assets (net)
+€15,241
Current investments
-€162,000
Financing
-€919,767
Debts after one year
-€109,420
Current portion of long-term debt
-€7,358
Short-term financial debts
-€802,989
Cash 2025
€294,576
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,512,971 | €3,569,842 | +€56,871 | +1.6% |
| Fixed assets | 21/28 | €1,273,854 | €1,037,386 | -€236,468 | -18.6% |
| Tangible fixed assets | 22/27 | €1,196,859 | €957,059 | -€239,800 | -20.0% |
| Land and buildings | 22 | €31,409 | €0 | -€31,409 | -100.0% |
| Plant, machinery and equipment | 23 | €636,802 | €528,021 | -€108,781 | -17.1% |
| Furniture and vehicles | 24 | €88,732 | €60,253 | -€28,479 | -32.1% |
| Leasing and similar rights | 25 | €439,916 | €346,113 | -€93,803 | -21.3% |
| Other tangible fixed assets | 26 | - | €22,672 | +€22,672 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €76,995 | €80,328 | +€3,332 | +4.3% |
| Current assets | 29/58 | €2,239,117 | €2,532,456 | +€293,339 | +13.1% |
| Stocks and contracts in progress | 3 | €1,577,678 | €1,603,162 | +€25,483 | +1.6% |
| Stocks | 30/36 | €1,577,678 | €1,603,162 | +€25,483 | +1.6% |
| Amounts receivable within one year | 40/41 | €572,855 | €435,560 | -€137,295 | -24.0% |
| Trade receivables | 40 | €521,255 | €376,359 | -€144,897 | -27.8% |
| Other amounts receivable | 41 | €51,599 | €59,201 | +€7,602 | +14.7% |
| Current investments | 50/53 | - | €162,000 | +€162,000 | |
| Cash at bank and in hand | 54/58 | €67,795 | €294,576 | +€226,781 | +334.5% |
| Deferred charges and accrued income | 490/1 | €20,789 | €37,158 | +€16,370 | +78.7% |
| Total equity and liabilities | 10/49 | €3,512,971 | €3,569,842 | +€56,871 | +1.6% |
| Equity | 10/15 | €803,568 | €781,985 | -€21,583 | -2.7% |
| Contributions | 10/11 | €161,131 | €161,131 | = | 0.0% |
| Capital | 10 | €161,131 | €161,131 | = | 0.0% |
| Issued capital | 100 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €147,493 | €147,493 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,485 | €16,485 | = | 0.0% |
| Legal reserve | 130 | €16,113 | €16,113 | = | 0.0% |
| Reserves not available under the articles | 1311 | €372 | €372 | = | 0.0% |
| Distributable reserves | 133 | €131,008 | €131,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | €494,944 | €473,361 | -€21,583 | -4.4% |
| Amounts payable | 17/49 | €2,709,403 | €2,787,857 | +€78,454 | +2.9% |
| Amounts payable after more than one year | 17 | €342,848 | €233,428 | -€109,420 | -31.9% |
| Financial debts | 170/4 | €342,848 | €233,428 | -€109,420 | -31.9% |
| Amounts payable within one year | 42/48 | €2,347,250 | €2,537,625 | +€190,374 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €237,926 | €230,568 | -€7,358 | -3.1% |
| Financial debts | 43 | €1,205,492 | €402,502 | -€802,989 | -66.6% |
| Credit institutions | 430/8 | €1,205,492 | €402,502 | -€802,989 | -66.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €756,097 | €763,670 | +€7,572 | +1.0% |
| Suppliers | 440/4 | €756,097 | €763,670 | +€7,572 | +1.0% |
| Taxes, remuneration and social security | 45 | €147,735 | €140,634 | -€7,101 | -4.8% |
| Taxes | 450/3 | €12,373 | €6,720 | -€5,653 | -45.7% |
| Remuneration and social security | 454/9 | €135,362 | €133,914 | -€1,447 | -1.1% |
| Other amounts payable | 47/48 | €0 | €1,000,250 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | €19,305 | €16,805 | -€2,500 | -13.0% |
| Non-recurring operating income | 76A | €13,700 | €13,583 | -€117 | -0.9% |
| Remuneration, social security and pensions | 62 | €1,047,450 | €1,050,481 | +€3,031 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,048 | €221,227 | -€5,821 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€195,311 | -€195,311 | |
| Other operating charges | 640/8 | €148,952 | €406,305 | +€257,353 | +172.8% |
| Non-recurring operating charges | 66A | - | €34,819 | +€34,819 | |
| Gross operating margin | 9900 | €1,547,853 | €1,540,255 | -€7,599 | -0.5% |
| Operating profit (loss) | 9901 | €124,403 | €22,734 | -€101,669 | -81.7% |
| Financial income | 75/76B | €2,593 | €53,060 | +€50,467 | +1946.1% |
| Recurring financial income | 75 | €2,593 | €53,060 | +€50,467 | +1946.1% |
| Financial charges | 65/66B | €97,432 | €94,486 | -€2,946 | -3.0% |
| Recurring financial charges | 65 | €97,432 | €94,486 | -€2,946 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €29,565 | -€18,692 | -€48,257 | |
| Income taxes | 67/77 | €17,160 | €2,891 | -€14,269 | -83.2% |
| Profit (loss) for the period | 9904 | €12,405 | -€21,583 | -€33,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,405 | -€21,583 | -€33,988 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.