VAN RIET: what changed
Two fiscal 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 RIET
Largest movements
- Receivables after one year -€439,710
down €439,710 (-89.6%), from €490,829 to €51,118
- Cash +€293,111
up €293,111 (+126.4%), from €231,828 to €524,939
mainly Receivables after one year (+€439,710) and Depreciation (+€27,715)
- Tangible fixed assets -€11,868
down €11,868 (-2.7%), from €441,022 to €429,154
of which Land and buildings: -€11,042
- Reserves -€67,620
down €67,620 (-9.0%), from €752,448 to €684,828
of which Distributable reserves: -€67,620
- Tax, wage and social debts -€39,890
down €39,890 (-100.0%), from €39,890 to €0
- Other debts -€32,993
down €32,993 (-55.5%), from €59,477 to €26,484
- Debts after one year -€13,131
down €13,131 (-42.5%), from €30,876 to €17,745
- Gross operating margin -€21,612
down €21,612 (-52.5%), from €41,148 to €19,536
- Financial income +€3,918
up €3,918 (+35.6%), from €11,010 to €14,928
of which Financial income: +€3,918
- Taxes -€3,578
down €3,578 (-100.0%), from €3,578 to €0
- Financial charges -€1,304
down €1,304 (-27.0%), from €4,826 to €3,522
- Depreciation +€576
up €576 (+2.1%), from €27,139 to €27,715
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,185,201 | €1,032,125 | -€153,076 | -12.9% |
| Fixed assets | 21/28 | €441,022 | €429,154 | -€11,868 | -2.7% |
| Tangible fixed assets | 22/27 | €441,022 | €429,154 | -€11,868 | -2.7% |
| Land and buildings | 22 | €414,813 | €403,771 | -€11,042 | -2.7% |
| Plant, machinery and equipment | 23 | €26,208 | €25,383 | -€825 | -3.1% |
| Current assets | 29/58 | €744,179 | €602,971 | -€141,209 | -19.0% |
| Amounts receivable after more than one year | 29 | €490,829 | €51,118 | -€439,710 | -89.6% |
| Other amounts receivable | 291 | €490,829 | €51,118 | -€439,710 | -89.6% |
| Amounts receivable within one year | 40/41 | €21,522 | €26,913 | +€5,391 | +25.0% |
| Trade receivables | 40 | €1,025 | €0 | -€1,025 | -100.0% |
| Other amounts receivable | 41 | €20,498 | €26,913 | +€6,415 | +31.3% |
| Cash at bank and in hand | 54/58 | €231,828 | €524,939 | +€293,111 | +126.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,185,201 | €1,032,125 | -€153,076 | -12.9% |
| Equity | 10/15 | €1,030,878 | €963,258 | -€67,620 | -6.6% |
| Contributions | 10/11 | €199,847 | €199,847 | = | 0.0% |
| Capital | 10 | €181,153 | €181,153 | = | 0.0% |
| Issued capital | 100 | €181,153 | €181,153 | = | 0.0% |
| Outside capital | 11 | €18,695 | €18,695 | = | 0.0% |
| Share premium | 1100/10 | €18,695 | €18,695 | = | 0.0% |
| Revaluation surpluses | 12 | €78,582 | €78,582 | = | 0.0% |
| Reserves | 13 | €752,448 | €684,828 | -€67,620 | -9.0% |
| Non-distributable reserves | 130/1 | €18,115 | €18,115 | = | 0.0% |
| Legal reserve | 130 | €18,115 | €18,115 | = | 0.0% |
| Distributable reserves | 133 | €734,333 | €666,713 | -€67,620 | -9.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €154,323 | €68,867 | -€85,456 | -55.4% |
| Amounts payable after more than one year | 17 | €30,876 | €17,745 | -€13,131 | -42.5% |
| Financial debts | 170/4 | €30,876 | €17,745 | -€13,131 | -42.5% |
| Amounts payable within one year | 42/48 | €117,662 | €46,683 | -€70,979 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €12,981 | €13,131 | +€150 | +1.2% |
| Trade debts | 44 | €5,313 | €7,068 | +€1,754 | +33.0% |
| Suppliers | 440/4 | €5,313 | €7,068 | +€1,754 | +33.0% |
| Taxes, remuneration and social security | 45 | €39,890 | €0 | -€39,890 | -100.0% |
| Taxes | 450/3 | €39,890 | €0 | -€39,890 | -100.0% |
| Other amounts payable | 47/48 | €59,477 | €26,484 | -€32,993 | -55.5% |
| Accrued charges and deferred income | 492/3 | €5,786 | €4,440 | -€1,346 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,139 | €27,715 | +€576 | +2.1% |
| Other operating charges | 640/8 | €9,626 | €9,557 | -€69 | -0.7% |
| Gross operating margin | 9900 | €41,148 | €19,536 | -€21,612 | -52.5% |
| Operating profit (loss) | 9901 | €4,382 | -€17,736 | -€22,118 | |
| Financial income | 75/76B | €11,010 | €14,928 | +€3,918 | +35.6% |
| Recurring financial income | 75 | €11,010 | €14,928 | +€3,918 | +35.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,826 | €3,522 | -€1,304 | -27.0% |
| Recurring financial charges | 65 | €4,826 | €3,522 | -€1,304 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €10,566 | -€6,330 | -€16,896 | |
| Income taxes | 67/77 | €3,578 | €0 | -€3,578 | -100.0% |
| Profit (loss) for the period | 9904 | €6,988 | -€6,330 | -€13,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,988 | -€6,330 | -€13,318 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.