Van Son Engineering: 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 Engineering
Largest movements
- Tangible fixed assets -€8,589
down €8,589 (-9.3%), from €92,483 to €83,894
of which Furniture and vehicles: -€8,114
- Cash -€6,419
down €6,419 (-34.3%), from €18,739 to €12,320
mainly Debts after one year (-€25,874) and Tax, wage and social debts (-€6,401)
- Debts after one year -€25,874
down €25,874 (-85.4%), from €30,293 to €4,418
- Profit (loss) carried forward +€10,916
no longer reported in 2025 (was -€10,916)
- Reserves +€6,563
up €6,563 (+8.4%), from €78,024 to €84,587
- Tax, wage and social debts -€6,401
down €6,401 (-51.4%), from €12,443 to €6,042
of which Taxes: -€4,056
- Taxes +€3,330
up €3,330 (+1,773%), from €188 to €3,518
- Gross operating margin +€1,785
up €1,785 (+4.9%), from €36,243 to €38,029
- Depreciation +€827
up €827 (+7.1%), from €11,608 to €12,434
- Financial charges -€588
down €588 (-13.3%), from €4,414 to €3,826
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 | €135,507 | €121,512 | -€13,994 | -10.3% |
| Fixed assets | 21/28 | €92,483 | €83,894 | -€8,589 | -9.3% |
| Tangible fixed assets | 22/27 | €92,483 | €83,894 | -€8,589 | -9.3% |
| Furniture and vehicles | 24 | €73,543 | €65,430 | -€8,114 | -11.0% |
| Other tangible fixed assets | 26 | €18,939 | €18,464 | -€475 | -2.5% |
| Current assets | 29/58 | €43,024 | €37,619 | -€5,405 | -12.6% |
| Amounts receivable within one year | 40/41 | €22,689 | €23,642 | +€953 | +4.2% |
| Trade receivables | 40 | €8,965 | €11,595 | +€2,630 | +29.3% |
| Other amounts receivable | 41 | €13,725 | €12,047 | -€1,677 | -12.2% |
| Cash at bank and in hand | 54/58 | €18,739 | €12,320 | -€6,419 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,595 | €1,657 | +€61 | +3.8% |
| Total equity and liabilities | 10/49 | €135,507 | €121,512 | -€13,994 | -10.3% |
| Equity | 10/15 | €67,208 | €84,687 | +€17,479 | +26.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €78,024 | €84,587 | +€6,563 | +8.4% |
| Distributable reserves | 133 | €78,024 | €84,587 | +€6,563 | +8.4% |
| Profit (loss) carried forward | 14 | -€10,916 | - | +€10,916 | |
| Amounts payable | 17/49 | €68,299 | €36,825 | -€31,473 | -46.1% |
| Amounts payable after more than one year | 17 | €30,293 | €4,418 | -€25,874 | -85.4% |
| Financial debts | 170/4 | €30,293 | €4,418 | -€25,874 | -85.4% |
| Amounts payable within one year | 42/48 | €38,006 | €32,407 | -€5,599 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €24,811 | €25,874 | +€1,064 | +4.3% |
| Trade debts | 44 | €752 | €491 | -€261 | -34.8% |
| Suppliers | 440/4 | €752 | €491 | -€261 | -34.8% |
| Taxes, remuneration and social security | 45 | €12,443 | €6,042 | -€6,401 | -51.4% |
| Taxes | 450/3 | €9,309 | €5,253 | -€4,056 | -43.6% |
| Remuneration and social security | 454/9 | €3,135 | €789 | -€2,345 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,608 | €12,434 | +€827 | +7.1% |
| Other operating charges | 640/8 | €674 | €788 | +€114 | +16.8% |
| Gross operating margin | 9900 | €36,243 | €38,029 | +€1,785 | +4.9% |
| Operating profit (loss) | 9901 | €23,961 | €24,806 | +€845 | +3.5% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €4,414 | €3,826 | -€588 | -13.3% |
| Recurring financial charges | 65 | €4,414 | €3,826 | -€588 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €19,547 | €20,997 | +€1,450 | +7.4% |
| Income taxes | 67/77 | €188 | €3,518 | +€3,330 | +1,773% |
| Profit (loss) for the period | 9904 | €19,360 | €17,479 | -€1,880 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,360 | €17,479 | -€1,880 | -9.7% |
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 16 October 2026 via checked.be.