VAN SON BOUW: 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 SON BOUW
Largest movements
- Stocks and contracts +€777,176
up €777,176 (+193%), from €401,709 to €1.2m
- Cash +€487,859
up €487,859 (+6,750%), from €7,227 to €495,086
mainly Other debts (+€574,374) and Trade debts (+€442,169)
- Other debts +€574,374
up €574,374, from €0 to €574,374
- Trade debts +€442,169
up €442,169 (+1,360%), from €32,508 to €474,677
- Profit (loss) carried forward +€148,612
up €148,612 (+129%), from €115,106 to €263,718
- Tax, wage and social debts +€103,749
up €103,749 (+5,328%), from €1,947 to €105,697
- Gross operating margin +€170,232
up €170,232 (+351%), from €48,518 to €218,750
- Taxes +€37,283
up €37,283 (+510%), from €7,308 to €44,591
- Financial charges +€16,104
up €16,104 (+422%), from €3,812 to €19,916
- Financial income +€3,918
up €3,918 (+102%), from €3,831 to €7,749
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 | €473,394 | €1,743,937 | +€1.3m | +268% |
| Fixed assets | 21/28 | €46,668 | €34,366 | -€12,301 | -26.4% |
| Tangible fixed assets | 22/27 | €46,668 | €34,366 | -€12,301 | -26.4% |
| Furniture and vehicles | 24 | €46,668 | €34,366 | -€12,301 | -26.4% |
| Current assets | 29/58 | €426,727 | €1,709,570 | +€1.3m | +301% |
| Stocks and contracts in progress | 3 | €401,709 | €1,178,885 | +€777,176 | +193% |
| Contracts in progress | 37 | €401,709 | €1,178,885 | +€777,176 | +193% |
| Amounts receivable within one year | 40/41 | €14,318 | €30,533 | +€16,215 | +113% |
| Trade receivables | 40 | €13,539 | €29,721 | +€16,182 | +120% |
| Other amounts receivable | 41 | €779 | €812 | +€33 | +4.2% |
| Cash at bank and in hand | 54/58 | €7,227 | €495,086 | +€487,859 | +6,750% |
| Deferred charges and accrued income | 490/1 | €3,473 | €5,066 | +€1,593 | +45.9% |
| Total equity and liabilities | 10/49 | €473,394 | €1,743,937 | +€1.3m | +268% |
| Equity | 10/15 | €142,606 | €291,218 | +€148,612 | +104% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,106 | €263,718 | +€148,612 | +129% |
| Amounts payable | 17/49 | €330,789 | €1,452,719 | +€1.1m | +339% |
| Amounts payable after more than one year | 17 | €32,264 | €21,082 | -€11,182 | -34.7% |
| Financial debts | 170/4 | €32,264 | €21,082 | -€11,182 | -34.7% |
| Amounts payable within one year | 42/48 | €295,420 | €1,415,930 | +€1.1m | +379% |
| Current portion of amounts payable after more than one year | 42 | €10,964 | €11,182 | +€218 | +2.0% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Other loans | 439 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €32,508 | €474,677 | +€442,169 | +1,360% |
| Suppliers | 440/4 | €32,508 | €474,677 | +€442,169 | +1,360% |
| Taxes, remuneration and social security | 45 | €1,947 | €105,697 | +€103,749 | +5,328% |
| Taxes | 450/3 | €1,947 | €105,697 | +€103,749 | +5,328% |
| Other amounts payable | 47/48 | €0 | €574,374 | +€574,374 | |
| Accrued charges and deferred income | 492/3 | €3,104 | €15,707 | +€12,602 | +406% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,133 | €12,301 | +€169 | +1.4% |
| Other operating charges | 640/8 | €1,348 | €1,079 | -€269 | -20.0% |
| Gross operating margin | 9900 | €48,518 | €218,750 | +€170,232 | +351% |
| Operating profit (loss) | 9901 | €35,038 | €205,370 | +€170,332 | +486% |
| Financial income | 75/76B | €3,831 | €7,749 | +€3,918 | +102% |
| Recurring financial income | 75 | €3,831 | €7,749 | +€3,918 | +102% |
| Financial charges | 65/66B | €3,812 | €19,916 | +€16,104 | +422% |
| Recurring financial charges | 65 | €3,812 | €19,916 | +€16,104 | +422% |
| Profit (loss) for the period before taxes | 9903 | €35,057 | €193,204 | +€158,147 | +451% |
| Income taxes | 67/77 | €7,308 | €44,591 | +€37,283 | +510% |
| Profit (loss) for the period | 9904 | €27,749 | €148,612 | +€120,863 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €27,749 | €148,612 | +€120,863 | +436% |
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 18 October 2026 via checked.be.