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 within one year -€45,759
down €45,759 (-87.0%), from €52,583 to €6,824
of which Other amounts receivable: -€25,293
- Stocks and contracts -€15,538
down €15,538 (-44.3%), from €35,060 to €19,521
- Tangible fixed assets -€4,187
down €4,187 (-52.6%), from €7,964 to €3,777
of which Furniture and vehicles: -€4,864
- Profit (loss) carried forward -€33,953
down €33,953 (-47.3%), from -€71,727 to -€105,681
- Trade debts -€18,708
down €18,708 (-61.8%), from €30,258 to €11,550
- Other debts +€16,040
up €16,040 (+82.7%), from €19,404 to €35,444
- Debts after one year -€15,869
no longer reported in 2025 (was €15,869)
- Current portion of long-term debt -€15,273
down €15,273 (-49.0%), from €31,141 to €15,869
- Gross operating margin -€12,868
down €12,868 (-319.2%), from -€4,031 to -€16,899
- Financial income -€4,967
down €4,967 (-95.6%), from €5,196 to €229
- Depreciation -€2,591
down €2,591 (-28.2%), from €9,188 to €6,597
- Staff costs +€1,002
up €1,002 (+14.4%), from €6,966 to €7,967
- Financial charges -€506
down €506 (-25.2%), from €2,005 to €1,499
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 | €97,078 | €31,926 | -€65,152 | -67.1% |
| Fixed assets | 21/28 | €7,964 | €3,777 | -€4,187 | -52.6% |
| Tangible fixed assets | 22/27 | €7,964 | €3,777 | -€4,187 | -52.6% |
| Plant, machinery and equipment | 23 | €2,596 | €3,274 | +€677 | +26.1% |
| Furniture and vehicles | 24 | €5,367 | €503 | -€4,864 | -90.6% |
| Current assets | 29/58 | €89,114 | €28,150 | -€60,965 | -68.4% |
| Stocks and contracts in progress | 3 | €35,060 | €19,521 | -€15,538 | -44.3% |
| Stocks | 30/36 | €35,060 | €19,521 | -€15,538 | -44.3% |
| Amounts receivable within one year | 40/41 | €52,583 | €6,824 | -€45,759 | -87.0% |
| Trade receivables | 40 | €27,173 | €6,707 | -€20,466 | -75.3% |
| Other amounts receivable | 41 | €25,410 | €117 | -€25,293 | -99.5% |
| Cash at bank and in hand | 54/58 | €848 | €1,139 | +€291 | +34.4% |
| Deferred charges and accrued income | 490/1 | €624 | €665 | +€41 | +6.6% |
| Total equity and liabilities | 10/49 | €97,078 | €31,926 | -€65,152 | -67.1% |
| Equity | 10/15 | -€3,527 | -€37,481 | -€33,953 | -962.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,727 | -€105,681 | -€33,953 | -47.3% |
| Amounts payable | 17/49 | €100,605 | €69,407 | -€31,198 | -31.0% |
| Amounts payable after more than one year | 17 | €15,869 | - | -€15,869 | |
| Financial debts | 170/4 | €15,869 | - | -€15,869 | |
| Amounts payable within one year | 42/48 | €84,556 | €66,280 | -€18,276 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €31,141 | €15,869 | -€15,273 | -49.0% |
| Trade debts | 44 | €30,258 | €11,550 | -€18,708 | -61.8% |
| Suppliers | 440/4 | €30,258 | €11,550 | -€18,708 | -61.8% |
| Taxes, remuneration and social security | 45 | €3,752 | €3,417 | -€335 | -8.9% |
| Taxes | 450/3 | €1,111 | €23 | -€1,089 | -98.0% |
| Remuneration and social security | 454/9 | €2,641 | €3,395 | +€754 | +28.5% |
| Other amounts payable | 47/48 | €19,404 | €35,444 | +€16,040 | +82.7% |
| Accrued charges and deferred income | 492/3 | €181 | €3,127 | +€2,946 | +1628.9% |
| Non-recurring operating income | 76A | €4,545 | - | -€4,545 | |
| Remuneration, social security and pensions | 62 | €6,966 | €7,967 | +€1,002 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,188 | €6,597 | -€2,591 | -28.2% |
| Other operating charges | 640/8 | €1,184 | €1,198 | +€14 | +1.2% |
| Gross operating margin | 9900 | -€4,031 | -€16,899 | -€12,868 | -319.2% |
| Operating profit (loss) | 9901 | -€21,368 | -€32,661 | -€11,293 | -52.8% |
| Financial income | 75/76B | €5,196 | €229 | -€4,967 | -95.6% |
| Recurring financial income | 75 | €5,196 | €229 | -€4,967 | -95.6% |
| Financial charges | 65/66B | €2,005 | €1,499 | -€506 | -25.2% |
| Recurring financial charges | 65 | €2,005 | €1,499 | -€506 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,177 | -€33,931 | -€15,753 | -86.7% |
| Income taxes | 67/77 | €140 | €23 | -€117 | -83.7% |
| Profit (loss) for the period | 9904 | -€18,317 | -€33,953 | -€15,636 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,317 | -€33,953 | -€15,636 | -85.4% |
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 28 September 2026 via checked.be.