VAN SURGE: 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 SURGE
Largest movements
- Current investments +€42,340
up €42,340 (+74.3%), from €57,000 to €99,340
- Tangible fixed assets -€24,746
down €24,746 (-23.4%), from €105,854 to €81,108
of which Furniture and vehicles: -€26,246
- Deferred charges and accrued income +€8,757
up €8,757 (+33.9%), from €25,815 to €34,572
- Receivables within one year +€8,567
up €8,567 (+176.0%), from €4,867 to €13,435
of which Other amounts receivable: +€9,367
- Cash +€8,505
up €8,505 (+52.9%), from €16,089 to €24,595
mainly Net result for the year (+€75,492) and Depreciation (+€26,246)
- Profit (loss) carried forward +€75,492
new in 2025: €75,492
- Debts after one year -€22,859
down €22,859 (-31.2%), from €73,210 to €50,351
of which Financial debts: -€15,659
- Tax, wage and social debts -€12,889
down €12,889 (-100.0%), from €12,889 to €0
- Gross operating margin +€16,013
up €16,013 (+14.5%), from €110,297 to €126,310
- Depreciation +€8,222
up €8,222 (+45.6%), from €18,024 to €26,246
- Taxes -€4,923
down €4,923 (-18.9%), from €26,084 to €21,161
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 | €209,626 | €253,048 | +€43,423 | +20.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €105,854 | €81,108 | -€24,746 | -23.4% |
| Tangible fixed assets | 22/27 | €105,854 | €81,108 | -€24,746 | -23.4% |
| Furniture and vehicles | 24 | €105,854 | €79,608 | -€26,246 | -24.8% |
| Other tangible fixed assets | 26 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €103,772 | €171,940 | +€68,169 | +65.7% |
| Amounts receivable within one year | 40/41 | €4,867 | €13,435 | +€8,567 | +176.0% |
| Trade receivables | 40 | €800 | €0 | -€800 | -100.0% |
| Other amounts receivable | 41 | €4,067 | €13,435 | +€9,367 | +230.3% |
| Current investments | 50/53 | €57,000 | €99,340 | +€42,340 | +74.3% |
| Cash at bank and in hand | 54/58 | €16,089 | €24,595 | +€8,505 | +52.9% |
| Deferred charges and accrued income | 490/1 | €25,815 | €34,572 | +€8,757 | +33.9% |
| Total equity and liabilities | 10/49 | €209,626 | €253,048 | +€43,423 | +20.7% |
| Equity | 10/15 | €99,532 | €175,024 | +€75,492 | +75.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,532 | €96,532 | = | 0.0% |
| Distributable reserves | 133 | €96,532 | €96,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €75,492 | +€75,492 | |
| Amounts payable | 17/49 | €110,094 | €78,024 | -€32,069 | -29.1% |
| Amounts payable after more than one year | 17 | €73,210 | €50,351 | -€22,859 | -31.2% |
| Financial debts | 170/4 | €55,810 | €40,151 | -€15,659 | -28.1% |
| Other amounts payable | 178/9 | €17,400 | €10,200 | -€7,200 | -41.4% |
| Amounts payable within one year | 42/48 | €35,642 | €25,959 | -€9,684 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €15,127 | €15,659 | +€531 | +3.5% |
| Trade debts | 44 | - | €1,898 | +€1,898 | |
| Suppliers | 440/4 | - | €1,898 | +€1,898 | |
| Taxes, remuneration and social security | 45 | €12,889 | €0 | -€12,889 | -100.0% |
| Taxes | 450/3 | €12,889 | €0 | -€12,889 | -100.0% |
| Other amounts payable | 47/48 | €7,626 | €8,402 | +€776 | +10.2% |
| Accrued charges and deferred income | 492/3 | €1,241 | €1,714 | +€473 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,024 | €26,246 | +€8,222 | +45.6% |
| Other operating charges | 640/8 | €3 | €42 | +€39 | +1326.4% |
| Gross operating margin | 9900 | €110,297 | €126,310 | +€16,013 | +14.5% |
| Operating profit (loss) | 9901 | €92,270 | €100,022 | +€7,752 | +8.4% |
| Financial income | 75/76B | €504 | €571 | +€66 | +13.2% |
| Recurring financial income | 75 | €504 | €571 | +€66 | +13.2% |
| Financial charges | 65/66B | €3,922 | €3,939 | +€18 | +0.4% |
| Recurring financial charges | 65 | €3,922 | €3,939 | +€18 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €88,852 | €96,653 | +€7,801 | +8.8% |
| Income taxes | 67/77 | €26,084 | €21,161 | -€4,923 | -18.9% |
| Profit (loss) for the period | 9904 | €62,768 | €75,492 | +€12,724 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,768 | €75,492 | +€12,724 | +20.3% |
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 12 October 2026 via checked.be.