VAN RODE: 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 RODE
Largest movements
- Cash +€120,045
up €120,045 (+52.9%), from €226,853 to €346,898
mainly Other debts (+€254,578) and Net result for the year (+€97,944)
- Tangible fixed assets -€38,055
down €38,055 (-39.7%), from €95,869 to €57,814
of which Furniture and vehicles: -€19,976
- Receivables within one year +€27,908
up €27,908 (+15.4%), from €180,744 to €208,652
of which Trade receivables: +€29,703
- Other debts +€254,578
up €254,578 (+188%), from €135,110 to €389,687
- Profit (loss) carried forward -€202,056
down €202,056 (-66.3%), from €304,556 to €102,500
- Advances received +€45,934
new in 2025: €45,934
- Tax, wage and social debts +€41,476
up €41,476 (+249%), from €16,690 to €58,166
of which Taxes: +€39,311
- Trade debts -€14,139
down €14,139 (-66.3%), from €21,335 to €7,196
- Gross operating margin +€91,419
up €91,419 (+41.6%), from €219,637 to €311,057
- Staff costs +€23,726
up €23,726 (+20.9%), from €113,282 to €137,008
- Taxes +€21,550
up €21,550 (+160%), from €13,490 to €35,040
- Depreciation -€12,180
down €12,180 (-24.2%), from €50,315 to €38,135
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 | €505,726 | €621,154 | +€115,428 | +22.8% |
| Fixed assets | 21/28 | €95,949 | €57,814 | -€38,135 | -39.7% |
| Intangible fixed assets | 21 | €81 | - | -€81 | |
| Tangible fixed assets | 22/27 | €95,869 | €57,814 | -€38,055 | -39.7% |
| Land and buildings | 22 | €19,302 | €15,572 | -€3,730 | -19.3% |
| Plant, machinery and equipment | 23 | €27,733 | €13,383 | -€14,350 | -51.7% |
| Furniture and vehicles | 24 | €48,833 | €28,858 | -€19,976 | -40.9% |
| Current assets | 29/58 | €409,776 | €563,340 | +€153,564 | +37.5% |
| Amounts receivable within one year | 40/41 | €180,744 | €208,652 | +€27,908 | +15.4% |
| Trade receivables | 40 | €178,322 | €208,025 | +€29,703 | +16.7% |
| Other amounts receivable | 41 | €2,422 | €627 | -€1,795 | -74.1% |
| Cash at bank and in hand | 54/58 | €226,853 | €346,898 | +€120,045 | +52.9% |
| Deferred charges and accrued income | 490/1 | €2,179 | €7,790 | +€5,611 | +258% |
| Total equity and liabilities | 10/49 | €505,726 | €621,154 | +€115,428 | +22.8% |
| Equity | 10/15 | €319,556 | €117,500 | -€202,056 | -63.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,556 | €102,500 | -€202,056 | -66.3% |
| Amounts payable | 17/49 | €186,170 | €503,654 | +€317,484 | +171% |
| Amounts payable after more than one year | 17 | €2,671 | - | -€2,671 | |
| Financial debts | 170/4 | €2,671 | - | -€2,671 | |
| Amounts payable within one year | 42/48 | €183,499 | €503,654 | +€320,155 | +174% |
| Current portion of amounts payable after more than one year | 42 | €10,365 | €2,671 | -€7,694 | -74.2% |
| Trade debts | 44 | €21,335 | €7,196 | -€14,139 | -66.3% |
| Suppliers | 440/4 | €21,335 | €7,196 | -€14,139 | -66.3% |
| Advances received on contracts in progress | 46 | - | €45,934 | +€45,934 | |
| Taxes, remuneration and social security | 45 | €16,690 | €58,166 | +€41,476 | +249% |
| Taxes | 450/3 | €6,188 | €45,499 | +€39,311 | +635% |
| Remuneration and social security | 454/9 | €10,502 | €12,667 | +€2,165 | +20.6% |
| Other amounts payable | 47/48 | €135,110 | €389,687 | +€254,578 | +188% |
| Remuneration, social security and pensions | 62 | €113,282 | €137,008 | +€23,726 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,315 | €38,135 | -€12,180 | -24.2% |
| Other operating charges | 640/8 | €1,810 | €2,464 | +€655 | +36.2% |
| Gross operating margin | 9900 | €219,637 | €311,057 | +€91,419 | +41.6% |
| Operating profit (loss) | 9901 | €54,230 | €133,449 | +€79,219 | +146% |
| Financial income | 75/76B | €0 | €10 | +€10 | +9,790% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +9,790% |
| Financial charges | 65/66B | €981 | €475 | -€506 | -51.6% |
| Recurring financial charges | 65 | €981 | €475 | -€506 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €53,249 | €132,984 | +€79,735 | +150% |
| Income taxes | 67/77 | €13,490 | €35,040 | +€21,550 | +160% |
| Profit (loss) for the period | 9904 | €39,759 | €97,944 | +€58,185 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €39,759 | €97,944 | +€58,185 | +146% |
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 29 October 2026 via checked.be.