VAN ROEYEN: 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 ROEYEN
Largest movements
- Tangible fixed assets -€32,569
down €32,569 (-23.0%), from €141,709 to €109,139
of which Furniture and vehicles: -€29,148
- Receivables within one year +€14,070
up €14,070 (+13.2%), from €106,518 to €120,588
of which Other amounts receivable: +€18,181
- Current investments +€4,969
up €4,969 (+6.6%), from €75,031 to €80,000
- Current portion of long-term debt -€18,966
down €18,966 (-60.3%), from €31,450 to €12,484
- Debts after one year -€12,484
down €12,484 (-38.6%), from €32,304 to €19,820
- Trade debts +€9,191
up €9,191 (+60.6%), from €15,179 to €24,370
- Short-term financial debts +€5,883
new in 2025: €5,883
- Reserves +€4,907
up €4,907 (+2.1%), from €238,585 to €243,492
of which Distributable reserves: +€4,907
- Staff costs -€29,090
down €29,090 (-88.5%), from €32,888 to €3,798
- Gross operating margin -€28,098
down €28,098 (-42.6%), from €65,889 to €37,791
- Depreciation +€9,493
up €9,493 (+41.1%), from €23,076 to €32,569
- Other operating charges -€1,494
down €1,494 (-49.3%), from €3,033 to €1,539
- Taxes -€749
down €749 (-23.8%), from €3,150 to €2,401
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 | €482,867 | €468,837 | -€14,030 | -2.9% |
| Fixed assets | 21/28 | €141,759 | €109,189 | -€32,569 | -23.0% |
| Tangible fixed assets | 22/27 | €141,709 | €109,139 | -€32,569 | -23.0% |
| Plant, machinery and equipment | 23 | €25,630 | €22,209 | -€3,421 | -13.3% |
| Furniture and vehicles | 24 | €116,079 | €86,930 | -€29,148 | -25.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €341,108 | €359,648 | +€18,540 | +5.4% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €14,077 | €17,228 | +€3,150 | +22.4% |
| Stocks | 30/36 | €4,538 | €1,788 | -€2,750 | -60.6% |
| Contracts in progress | 37 | €9,539 | €15,440 | +€5,900 | +61.8% |
| Amounts receivable within one year | 40/41 | €106,518 | €120,588 | +€14,070 | +13.2% |
| Trade receivables | 40 | €27,937 | €23,827 | -€4,110 | -14.7% |
| Other amounts receivable | 41 | €78,581 | €96,762 | +€18,181 | +23.1% |
| Current investments | 50/53 | €75,031 | €80,000 | +€4,969 | +6.6% |
| Cash at bank and in hand | 54/58 | €16,230 | €11,449 | -€4,781 | -29.5% |
| Deferred charges and accrued income | 490/1 | €4,252 | €5,383 | +€1,131 | +26.6% |
| Total equity and liabilities | 10/49 | €482,867 | €468,837 | -€14,030 | -2.9% |
| Equity | 10/15 | €280,872 | €285,779 | +€4,907 | +1.7% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €238,585 | €243,492 | +€4,907 | +2.1% |
| Tax-exempt reserves | 132 | €30,750 | €30,750 | = | 0.0% |
| Distributable reserves | 133 | €207,835 | €212,742 | +€4,907 | +2.4% |
| Profit (loss) carried forward | 14 | €21,287 | €21,287 | = | 0.0% |
| Provisions and deferred taxes | 16 | €117,753 | €117,753 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €117,753 | €117,753 | = | 0.0% |
| Pensions and similar obligations | 160 | €117,753 | €117,753 | = | 0.0% |
| Amounts payable | 17/49 | €84,242 | €65,305 | -€18,937 | -22.5% |
| Amounts payable after more than one year | 17 | €32,304 | €19,820 | -€12,484 | -38.6% |
| Financial debts | 170/4 | €32,304 | €19,820 | -€12,484 | -38.6% |
| Amounts payable within one year | 42/48 | €48,938 | €45,062 | -€3,876 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €31,450 | €12,484 | -€18,966 | -60.3% |
| Financial debts | 43 | - | €5,883 | +€5,883 | |
| Other loans | 439 | - | €5,883 | +€5,883 | |
| Trade debts | 44 | €15,179 | €24,370 | +€9,191 | +60.6% |
| Suppliers | 440/4 | €15,179 | €24,370 | +€9,191 | +60.6% |
| Taxes, remuneration and social security | 45 | €2,309 | €2,326 | +€17 | +0.7% |
| Taxes | 450/3 | €1,668 | €2,326 | +€658 | +39.5% |
| Remuneration and social security | 454/9 | €641 | - | -€641 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €423 | -€2,577 | -85.9% |
| Non-recurring operating income | 76A | €25,379 | - | -€25,379 | |
| Remuneration, social security and pensions | 62 | €32,888 | €3,798 | -€29,090 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,076 | €32,569 | +€9,493 | +41.1% |
| Other operating charges | 640/8 | €3,033 | €1,539 | -€1,494 | -49.3% |
| Gross operating margin | 9900 | €65,889 | €37,791 | -€28,098 | -42.6% |
| Operating profit (loss) | 9901 | €6,893 | -€114 | -€7,007 | |
| Financial income | 75/76B | €9,956 | €10,611 | +€655 | +6.6% |
| Recurring financial income | 75 | €9,956 | €10,611 | +€655 | +6.6% |
| Financial charges | 65/66B | €3,908 | €3,189 | -€719 | -18.4% |
| Recurring financial charges | 65 | €3,908 | €3,189 | -€719 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €12,941 | €7,308 | -€5,633 | -43.5% |
| Income taxes | 67/77 | €3,150 | €2,401 | -€749 | -23.8% |
| Profit (loss) for the period | 9904 | €9,792 | €4,907 | -€4,884 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,792 | €4,907 | -€4,884 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.