VAN TONGERLAW: what changed
VAN TONGERLAW
Largest movements
- Cash -€17,942
down €17,942 (-27.9%), from €64,389 to €46,447
mainly Contributions, distributions and other (-€56,963) and Debts after one year (-€10,788)
- Tangible fixed assets -€13,451
down €13,451 (-44.0%), from €30,548 to €17,097
of which Furniture and vehicles: -€12,001
- Receivables within one year +€2,993
up €2,993 (+180%), from €1,663 to €4,656
of which Trade receivables: +€3,000
- Reserves -€29,463
down €29,463 (-46.7%), from €63,081 to €33,618
- Debts after one year -€10,788
down €10,788 (-79.8%), from €13,515 to €2,727
- Profit (loss) carried forward +€10,529
up €10,529, from €0 to €10,529
- Tax, wage and social debts +€1,845
up €1,845 (+28.5%), from €6,464 to €8,310
of which Taxes: +€1,786
- Gross operating margin +€11,052
up €11,052 (+20.2%), from €54,615 to €65,667
- Taxes +€2,955
up €2,955 (+27.4%), from €10,788 to €13,743
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,049 | €68,627 | -€28,422 | -29.3% |
| Fixed assets | 21/28 | €30,548 | €17,097 | -€13,451 | -44.0% |
| Tangible fixed assets | 22/27 | €30,548 | €17,097 | -€13,451 | -44.0% |
| Plant, machinery and equipment | 23 | €1,106 | €556 | -€550 | -49.7% |
| Furniture and vehicles | 24 | €27,632 | €15,631 | -€12,001 | -43.4% |
| Other tangible fixed assets | 26 | €1,810 | €910 | -€900 | -49.7% |
| Current assets | 29/58 | €66,501 | €51,530 | -€14,971 | -22.5% |
| Amounts receivable within one year | 40/41 | €1,663 | €4,656 | +€2,993 | +180% |
| Trade receivables | 40 | €1,650 | €4,650 | +€3,000 | +182% |
| Other amounts receivable | 41 | €13 | €6 | -€7 | -52.1% |
| Cash at bank and in hand | 54/58 | €64,389 | €46,447 | -€17,942 | -27.9% |
| Deferred charges and accrued income | 490/1 | €449 | €427 | -€22 | -4.9% |
| Total equity and liabilities | 10/49 | €97,049 | €68,627 | -€28,422 | -29.3% |
| Equity | 10/15 | €65,581 | €46,646 | -€18,935 | -28.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €63,081 | €33,618 | -€29,463 | -46.7% |
| Distributable reserves | 133 | €63,081 | €33,618 | -€29,463 | -46.7% |
| Profit (loss) carried forward | 14 | €0 | €10,529 | +€10,529 | |
| Amounts payable | 17/49 | €31,468 | €21,981 | -€9,488 | -30.1% |
| Amounts payable after more than one year | 17 | €13,515 | €2,727 | -€10,788 | -79.8% |
| Financial debts | 170/4 | €13,515 | €2,727 | -€10,788 | -79.8% |
| Amounts payable within one year | 42/48 | €17,750 | €19,098 | +€1,348 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €10,600 | €10,788 | +€188 | +1.8% |
| Trade debts | 44 | €654 | €0 | -€654 | -100% |
| Suppliers | 440/4 | €654 | €0 | -€654 | -100% |
| Taxes, remuneration and social security | 45 | €6,464 | €8,310 | +€1,845 | +28.5% |
| Taxes | 450/3 | €6,421 | €8,207 | +€1,786 | +27.8% |
| Remuneration and social security | 454/9 | €44 | €103 | +€59 | +135% |
| Other amounts payable | 47/48 | €31 | €0 | -€31 | -100% |
| Accrued charges and deferred income | 492/3 | €203 | €155 | -€48 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,678 | €13,451 | -€227 | -1.7% |
| Other operating charges | 640/8 | €381 | €394 | +€13 | +3.3% |
| Gross operating margin | 9900 | €54,615 | €65,667 | +€11,052 | +20.2% |
| Operating profit (loss) | 9901 | €40,556 | €51,822 | +€11,266 | +27.8% |
| Financial income | 75/76B | €262 | €334 | +€73 | +27.8% |
| Recurring financial income | 75 | €262 | €334 | +€73 | +27.8% |
| Financial charges | 65/66B | €566 | €384 | -€182 | -32.1% |
| Recurring financial charges | 65 | €566 | €384 | -€182 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €40,252 | €51,772 | +€11,520 | +28.6% |
| Income taxes | 67/77 | €10,788 | €13,743 | +€2,955 | +27.4% |
| Profit (loss) for the period | 9904 | €29,463 | €38,029 | +€8,565 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,463 | €38,029 | +€8,565 | +29.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.