VAN RIET W.: 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 RIET W.
Largest movements
- Cash -€138,321
down €138,321 (-77.2%), from €179,176 to €40,855
mainly Contributions, distributions and other (-€194,000) and Investment in fixed assets (net) (-€5,603)
- Tangible fixed assets +€4,267
up €4,267 (+498%), from €857 to €5,124
of which Plant, machinery and equipment: +€3,066
- Reserves -€141,703
down €141,703 (-88.1%), from €160,844 to €19,141
- Other debts +€8,860
up €8,860 (+38.1%), from €23,270 to €32,130
- Gross operating margin +€17,551
up €17,551 (+35.8%), from €48,987 to €66,539
- Taxes +€2,472
up €2,472 (+26.0%), from €9,509 to €11,981
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 | €191,264 | €58,405 | -€132,859 | -69.5% |
| Fixed assets | 21/28 | €857 | €5,124 | +€4,267 | +498% |
| Tangible fixed assets | 22/27 | €857 | €5,124 | +€4,267 | +498% |
| Plant, machinery and equipment | 23 | - | €3,066 | +€3,066 | |
| Furniture and vehicles | 24 | €857 | €2,057 | +€1,201 | +140% |
| Current assets | 29/58 | €190,407 | €53,281 | -€137,126 | -72.0% |
| Amounts receivable within one year | 40/41 | €11,231 | €11,368 | +€137 | +1.2% |
| Trade receivables | 40 | €7,702 | €7,150 | -€551 | -7.2% |
| Other amounts receivable | 41 | €3,529 | €4,218 | +€689 | +19.5% |
| Cash at bank and in hand | 54/58 | €179,176 | €40,855 | -€138,321 | -77.2% |
| Deferred charges and accrued income | 490/1 | - | €1,058 | +€1,058 | |
| Total equity and liabilities | 10/49 | €191,264 | €58,405 | -€132,859 | -69.5% |
| Equity | 10/15 | €163,844 | €22,141 | -€141,703 | -86.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €160,844 | €19,141 | -€141,703 | -88.1% |
| Distributable reserves | 133 | €160,844 | €19,141 | -€141,703 | -88.1% |
| Amounts payable | 17/49 | €27,420 | €36,264 | +€8,843 | +32.3% |
| Amounts payable within one year | 42/48 | €27,420 | €36,264 | +€8,843 | +32.3% |
| Trade debts | 44 | €1,651 | €1,634 | -€17 | -1.0% |
| Suppliers | 440/4 | €1,651 | €1,634 | -€17 | -1.0% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,500 | = | 0.0% |
| Taxes | 450/3 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €23,270 | €32,130 | +€8,860 | +38.1% |
| Non-recurring operating income | 76A | €216 | €216 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €1,336 | -€330 | -19.8% |
| Other operating charges | 640/8 | €927 | €864 | -€63 | -6.8% |
| Gross operating margin | 9900 | €48,987 | €66,539 | +€17,551 | +35.8% |
| Operating profit (loss) | 9901 | €46,394 | €64,338 | +€17,944 | +38.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €83 | €60 | -€23 | -27.6% |
| Recurring financial charges | 65 | €83 | €60 | -€23 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €46,311 | €64,279 | +€17,968 | +38.8% |
| Income taxes | 67/77 | €9,509 | €11,981 | +€2,472 | +26.0% |
| Profit (loss) for the period | 9904 | €36,802 | €52,297 | +€15,496 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,802 | €52,297 | +€15,496 | +42.1% |
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 23 October 2026 via checked.be.