Van Soorten: 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 Soorten
Largest movements
- Tangible fixed assets +€215,890
up €215,890 (+22.8%), from €947,293 to €1.2m
of which Land and buildings: +€282,125
- Receivables within one year +€107,994
up €107,994 (+57.7%), from €187,009 to €295,003
of which Trade receivables: +€104,577
- Cash -€69,447
down €69,447 (-55.5%), from €125,223 to €55,776
mainly Investment in fixed assets (net) (-€352,663) and Receivables within one year (-€107,994)
- Current investments -€37,000
down €37,000 (-25.0%), from €148,000 to €111,000
- Trade debts +€107,432
up €107,432 (+52.7%), from €203,684 to €311,116
- Reserves +€76,656
up €76,656 (+27.0%), from €284,369 to €361,025
of which Distributable reserves: +€76,656
- Debts after one year -€69,864
down €69,864 (-11.6%), from €601,095 to €531,231
- Tax, wage and social debts +€53,802
up €53,802 (+151.0%), from €35,618 to €89,420
of which Taxes: +€59,663
- Accrued charges and deferred income +€39,184
up €39,184 (+29.0%), from €134,966 to €174,150
- Staff costs -€56,014
down €56,014 (-62.4%), from €89,736 to €33,723
- Gross operating margin +€39,260
up €39,260 (+14.5%), from €271,098 to €310,359
- Taxes +€31,910
up €31,910 (+225.5%), from €14,151 to €46,061
- Depreciation +€5,969
up €5,969 (+4.6%), from €130,804 to €136,773
- Other operating charges +€4,829
up €4,829 (+73.2%), from €6,594 to €11,423
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.
Cash bridge derived
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 | €1,491,106 | €1,706,230 | +€215,124 | +14.4% |
| Fixed assets | 21/28 | €947,293 | €1,163,182 | +€215,890 | +22.8% |
| Tangible fixed assets | 22/27 | €947,293 | €1,163,182 | +€215,890 | +22.8% |
| Land and buildings | 22 | €569,609 | €851,734 | +€282,125 | +49.5% |
| Plant, machinery and equipment | 23 | €34,948 | €26,058 | -€8,891 | -25.4% |
| Furniture and vehicles | 24 | €120,454 | €87,808 | -€32,647 | -27.1% |
| Other tangible fixed assets | 26 | €222,281 | €197,583 | -€24,698 | -11.1% |
| Current assets | 29/58 | €543,813 | €543,047 | -€765 | -0.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €13,581 | €11,269 | -€2,312 | -17.0% |
| Stocks | 30/36 | €13,581 | €11,269 | -€2,312 | -17.0% |
| Amounts receivable within one year | 40/41 | €187,009 | €295,003 | +€107,994 | +57.7% |
| Trade receivables | 40 | €175,709 | €280,285 | +€104,577 | +59.5% |
| Other amounts receivable | 41 | €11,300 | €14,717 | +€3,418 | +30.2% |
| Current investments | 50/53 | €148,000 | €111,000 | -€37,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €125,223 | €55,776 | -€69,447 | -55.5% |
| Total equity and liabilities | 10/49 | €1,491,106 | €1,706,230 | +€215,124 | +14.4% |
| Equity | 10/15 | €415,356 | €492,012 | +€76,656 | +18.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €284,369 | €361,025 | +€76,656 | +27.0% |
| Non-distributable reserves | 130/1 | - | €3,099 | +€3,099 | |
| Other | 1319 | - | €3,099 | +€3,099 | |
| Tax-exempt reserves | 132 | €3,099 | - | -€3,099 | |
| Distributable reserves | 133 | €281,271 | €357,927 | +€76,656 | +27.3% |
| Amounts payable | 17/49 | €1,075,750 | €1,214,218 | +€138,468 | +12.9% |
| Amounts payable after more than one year | 17 | €601,095 | €531,231 | -€69,864 | -11.6% |
| Financial debts | 170/4 | €601,095 | €531,231 | -€69,864 | -11.6% |
| Amounts payable within one year | 42/48 | €339,689 | €508,837 | +€169,148 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €83,620 | €69,864 | -€13,756 | -16.5% |
| Trade debts | 44 | €203,684 | €311,116 | +€107,432 | +52.7% |
| Suppliers | 440/4 | €203,684 | €311,116 | +€107,432 | +52.7% |
| Taxes, remuneration and social security | 45 | €35,618 | €89,420 | +€53,802 | +151.0% |
| Taxes | 450/3 | €22,563 | €82,226 | +€59,663 | +264.4% |
| Remuneration and social security | 454/9 | €13,055 | €7,194 | -€5,862 | -44.9% |
| Other amounts payable | 47/48 | €16,767 | €38,437 | +€21,671 | +129.2% |
| Accrued charges and deferred income | 492/3 | €134,966 | €174,150 | +€39,184 | +29.0% |
| Remuneration, social security and pensions | 62 | €89,736 | €33,723 | -€56,014 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,804 | €136,773 | +€5,969 | +4.6% |
| Other operating charges | 640/8 | €6,594 | €11,423 | +€4,829 | +73.2% |
| Gross operating margin | 9900 | €271,098 | €310,359 | +€39,260 | +14.5% |
| Operating profit (loss) | 9901 | €43,964 | €128,440 | +€84,476 | +192.1% |
| Financial income | 75/76B | €3,088 | €7,705 | +€4,617 | +149.5% |
| Recurring financial income | 75 | €3,088 | €7,705 | +€4,617 | +149.5% |
| Financial charges | 65/66B | €14,959 | €13,427 | -€1,532 | -10.2% |
| Recurring financial charges | 65 | €14,959 | €13,427 | -€1,532 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €32,093 | €122,717 | +€90,624 | +282.4% |
| Income taxes | 67/77 | €14,151 | €46,061 | +€31,910 | +225.5% |
| Profit (loss) for the period | 9904 | €17,942 | €76,656 | +€58,714 | +327.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,942 | €76,656 | +€58,714 | +327.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.