VAN SANDEN: 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 SANDEN
Largest movements
- Tangible fixed assets -€5,320
down €5,320 (-28.1%), from €18,959 to €13,639
of which Furniture and vehicles: -€4,450
- Receivables after one year -€4,725
down €4,725 (-4.5%), from €104,076 to €99,351
- Cash +€3,640
up €3,640 (+18.9%), from €19,235 to €22,875
mainly Advances received (+€14,360) and Depreciation (+€5,320)
- Advances received +€14,360
new in 2024: €14,360
- Current portion of long-term debt -€9,536
down €9,536 (-56.1%), from €17,000 to €7,464
- Debts after one year -€8,211
no longer reported in 2024 (was €8,211)
- Trade debts -€6,507
down €6,507 (-48.0%), from €13,542 to €7,035
- Other debts -€3,211
no longer reported in 2024 (was €3,211)
- Write-downs +€30,000
new in 2024: €30,000
- Staff costs -€6,750
no longer reported in 2024 (was €6,750)
- Gross operating margin +€5,388
up €5,388 (+15.9%), from €33,819 to €39,207
- Financial income +€4,221
up €4,221 (+36,453%), from €12 to €4,233
- Depreciation +€2,225
up €2,225 (+71.9%), from €3,096 to €5,320
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,876 | €145,443 | -€7,432 | -4.9% |
| Fixed assets | 21/28 | €19,269 | €13,949 | -€5,320 | -27.6% |
| Tangible fixed assets | 22/27 | €18,959 | €13,639 | -€5,320 | -28.1% |
| Land and buildings | 22 | €7,834 | €6,964 | -€870 | -11.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,125 | €6,675 | -€4,450 | -40.0% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €133,606 | €131,495 | -€2,112 | -1.6% |
| Amounts receivable after more than one year | 29 | €104,076 | €99,351 | -€4,725 | -4.5% |
| Other amounts receivable | 291 | €104,076 | €99,351 | -€4,725 | -4.5% |
| Amounts receivable within one year | 40/41 | €9,478 | €8,451 | -€1,027 | -10.8% |
| Trade receivables | 40 | €4,753 | - | -€4,753 | |
| Other amounts receivable | 41 | €4,725 | €8,451 | +€3,726 | +78.9% |
| Current investments | 50/53 | €818 | €818 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,235 | €22,875 | +€3,640 | +18.9% |
| Total equity and liabilities | 10/49 | €152,876 | €145,443 | -€7,432 | -4.9% |
| Equity | 10/15 | €75,057 | €77,290 | +€2,233 | +3.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €68,807 | €71,040 | +€2,233 | +3.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €66,952 | €69,185 | +€2,233 | +3.3% |
| Amounts payable | 17/49 | €77,818 | €68,154 | -€9,665 | -12.4% |
| Amounts payable after more than one year | 17 | €8,211 | - | -€8,211 | |
| Financial debts | 170/4 | €8,211 | - | -€8,211 | |
| Amounts payable within one year | 42/48 | €69,607 | €65,227 | -€4,380 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €7,464 | -€9,536 | -56.1% |
| Trade debts | 44 | €13,542 | €7,035 | -€6,507 | -48.0% |
| Suppliers | 440/4 | €13,542 | €7,035 | -€6,507 | -48.0% |
| Advances received on contracts in progress | 46 | - | €14,360 | +€14,360 | |
| Taxes, remuneration and social security | 45 | €35,854 | €36,367 | +€513 | +1.4% |
| Taxes | 450/3 | €35,854 | €36,367 | +€513 | +1.4% |
| Other amounts payable | 47/48 | €3,211 | - | -€3,211 | |
| Accrued charges and deferred income | 492/3 | - | €2,927 | +€2,927 | |
| Remuneration, social security and pensions | 62 | €6,750 | - | -€6,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,096 | €5,320 | +€2,225 | +71.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €2,198 | €2,058 | -€140 | -6.4% |
| Gross operating margin | 9900 | €33,819 | €39,207 | +€5,388 | +15.9% |
| Operating profit (loss) | 9901 | €21,775 | €1,829 | -€19,946 | -91.6% |
| Financial income | 75/76B | €12 | €4,233 | +€4,221 | +36,453% |
| Recurring financial income | 75 | €12 | €4,233 | +€4,221 | +36,453% |
| Financial charges | 65/66B | €2,256 | €1,406 | -€850 | -37.7% |
| Recurring financial charges | 65 | €2,256 | €1,406 | -€850 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €19,530 | €4,656 | -€14,875 | -76.2% |
| Income taxes | 67/77 | €217 | €2,423 | +€2,206 | +1,018% |
| Profit (loss) for the period | 9904 | €19,314 | €2,233 | -€17,081 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,314 | €2,233 | -€17,081 | -88.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.