VAN ROY: 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 ROY
Largest movements
- Tangible fixed assets +€987,371
up €987,371 (+126.4%), from €781,300 to €1.8m
of which Land and buildings: +€616,343
- Cash -€157,420
down €157,420 (-46.2%), from €340,827 to €183,407
mainly Investment in fixed assets (net) (-€1.2m) and Tax, wage and social debts (-€60,488)
- Receivables within one year +€48,959
up €48,959 (+85.7%), from €57,140 to €106,099
of which Other amounts receivable: +€50,522
- Debts after one year +€503,524
up €503,524 (+1342.7%), from €37,500 to €541,024
- Reserves +€140,079
up €140,079 (+25.6%), from €547,692 to €687,771
- Short-term financial debts +€130,636
up €130,636 (+1741.8%), from €7,500 to €138,136
of which Credit institutions: +€130,636
- Other debts +€128,996
up €128,996 (+44.8%), from €288,217 to €417,213
- Tax, wage and social debts -€60,488
down €60,488 (-34.5%), from €175,199 to €114,710
of which Taxes: -€47,313
- Depreciation +€115,108
up €115,108 (+98.4%), from €116,997 to €232,105
- Taxes -€89,319
down €89,319 (-79.5%), from €112,318 to €22,999
- Gross operating margin -€53,496
down €53,496 (-4.4%), from €1.2m to €1.2m
- Staff costs +€27,755
up €27,755 (+4.1%), from €679,711 to €707,466
- Financial charges +€23,037
up €23,037 (+87.7%), from €26,267 to €49,304
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 | €1,374,239 | €2,275,209 | +€900,970 | +65.6% |
| Fixed assets | 21/28 | €782,050 | €1,769,421 | +€987,371 | +126.3% |
| Tangible fixed assets | 22/27 | €781,300 | €1,768,671 | +€987,371 | +126.4% |
| Land and buildings | 22 | €295,098 | €911,442 | +€616,343 | +208.9% |
| Plant, machinery and equipment | 23 | €484,299 | €842,084 | +€357,785 | +73.9% |
| Furniture and vehicles | 24 | €1,902 | €15,145 | +€13,243 | +696.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €592,189 | €505,788 | -€86,401 | -14.6% |
| Stocks and contracts in progress | 3 | €188,026 | €200,857 | +€12,831 | +6.8% |
| Stocks | 30/36 | €188,026 | €200,857 | +€12,831 | +6.8% |
| Amounts receivable within one year | 40/41 | €57,140 | €106,099 | +€48,959 | +85.7% |
| Trade receivables | 40 | €56,275 | €54,711 | -€1,563 | -2.8% |
| Other amounts receivable | 41 | €865 | €51,388 | +€50,522 | +5838.0% |
| Cash at bank and in hand | 54/58 | €340,827 | €183,407 | -€157,420 | -46.2% |
| Deferred charges and accrued income | 490/1 | €6,195 | €15,425 | +€9,230 | +149.0% |
| Total equity and liabilities | 10/49 | €1,374,239 | €2,275,209 | +€900,970 | +65.6% |
| Equity | 10/15 | €606,826 | €746,905 | +€140,079 | +23.1% |
| Contributions | 10/11 | €59,134 | €59,134 | = | 0.0% |
| Reserves | 13 | €547,692 | €687,771 | +€140,079 | +25.6% |
| Distributable reserves | 133 | €547,692 | €687,771 | +€140,079 | +25.6% |
| Amounts payable | 17/49 | €767,412 | €1,528,304 | +€760,891 | +99.2% |
| Amounts payable after more than one year | 17 | €37,500 | €541,024 | +€503,524 | +1342.7% |
| Financial debts | 170/4 | €37,500 | €541,024 | +€503,524 | +1342.7% |
| Amounts payable within one year | 42/48 | €729,912 | €985,951 | +€256,039 | +35.1% |
| Financial debts | 43 | €7,500 | €138,136 | +€130,636 | +1741.8% |
| Credit institutions | 430/8 | - | €130,636 | +€130,636 | |
| Other loans | 439 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €258,996 | €315,892 | +€56,895 | +22.0% |
| Suppliers | 440/4 | €258,996 | €315,892 | +€56,895 | +22.0% |
| Taxes, remuneration and social security | 45 | €175,199 | €114,710 | -€60,488 | -34.5% |
| Taxes | 450/3 | €60,276 | €12,962 | -€47,313 | -78.5% |
| Remuneration and social security | 454/9 | €114,923 | €101,748 | -€13,175 | -11.5% |
| Other amounts payable | 47/48 | €288,217 | €417,213 | +€128,996 | +44.8% |
| Accrued charges and deferred income | 492/3 | - | €1,328 | +€1,328 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €679,711 | €707,466 | +€27,755 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,997 | €232,105 | +€115,108 | +98.4% |
| Other operating charges | 640/8 | €5,462 | €13,475 | +€8,013 | +146.7% |
| Gross operating margin | 9900 | €1,211,392 | €1,157,896 | -€53,496 | -4.4% |
| Operating profit (loss) | 9901 | €409,222 | €204,849 | -€204,372 | -49.9% |
| Financial income | 75/76B | €7,606 | €7,532 | -€74 | -1.0% |
| Recurring financial income | 75 | €7,606 | €7,532 | -€74 | -1.0% |
| Financial charges | 65/66B | €26,267 | €49,304 | +€23,037 | +87.7% |
| Recurring financial charges | 65 | €26,267 | €49,304 | +€23,037 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €390,562 | €163,078 | -€227,483 | -58.2% |
| Income taxes | 67/77 | €112,318 | €22,999 | -€89,319 | -79.5% |
| Profit (loss) for the period | 9904 | €278,243 | €140,079 | -€138,164 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €278,243 | €140,079 | -€138,164 | -49.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.