VAN TRIER BEHEER: 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 TRIER BEHEER
Largest movements
- Receivables after one year +€1.1m
up €1.1m (+33.4%), from €3.3m to €4.4m
- Current investments -€337,625
down €337,625 (-13.8%), from €2.4m to €2.1m
- Receivables within one year -€139,144
down €139,144 (-13.2%), from €1.1m to €918,886
of which Other amounts receivable: -€150,193
- Reserves +€680,916
up €680,916 (+7.9%), from €8.6m to €9.3m
of which Distributable reserves: +€680,916
- Other debts -€450,000
down €450,000 (-100%), from €450,000 to €0
- Tax, wage and social debts +€126,092
up €126,092 (+153%), from €82,551 to €208,643
- Financial income +€610,418
up €610,418 (+477%), from €128,082 to €738,500
- Taxes +€77,060
up €77,060 (+122%), from €63,386 to €140,446
- Gross operating margin +€28,649
up €28,649 (+16.6%), from €173,084 to €201,733
- Other operating charges +€4,652
up €4,652 (+22.2%), from €20,949 to €25,601
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 | €9,724,040 | €10,081,696 | +€357,656 | +3.7% |
| Fixed assets | 21/28 | €2,334,979 | €2,147,859 | -€187,120 | -8.0% |
| Tangible fixed assets | 22/27 | €1,123,775 | €1,031,060 | -€92,715 | -8.3% |
| Land and buildings | 22 | €1,120,874 | €1,029,826 | -€91,048 | -8.1% |
| Plant, machinery and equipment | 23 | €889 | €0 | -€889 | -100% |
| Furniture and vehicles | 24 | €2,013 | €1,234 | -€779 | -38.7% |
| Financial fixed assets | 28 | €1,211,204 | €1,116,800 | -€94,404 | -7.8% |
| Current assets | 29/58 | €7,389,061 | €7,933,837 | +€544,776 | +7.4% |
| Amounts receivable after more than one year | 29 | €3,320,362 | €4,427,809 | +€1.1m | +33.4% |
| Other amounts receivable | 291 | €3,320,362 | €4,427,809 | +€1.1m | +33.4% |
| Amounts receivable within one year | 40/41 | €1,058,030 | €918,886 | -€139,144 | -13.2% |
| Trade receivables | 40 | €166,102 | €177,150 | +€11,049 | +6.7% |
| Other amounts receivable | 41 | €891,928 | €741,735 | -€150,193 | -16.8% |
| Current investments | 50/53 | €2,438,630 | €2,101,005 | -€337,625 | -13.8% |
| Cash at bank and in hand | 54/58 | €571,986 | €486,073 | -€85,913 | -15.0% |
| Deferred charges and accrued income | 490/1 | €53 | €64 | +€11 | +20.4% |
| Total equity and liabilities | 10/49 | €9,724,040 | €10,081,696 | +€357,656 | +3.7% |
| Equity | 10/15 | €9,136,118 | €9,817,034 | +€680,916 | +7.5% |
| Contributions | 10/11 | €502,998 | €502,998 | = | 0.0% |
| Capital | 10 | €502,769 | €502,769 | = | 0.0% |
| Issued capital | 100 | €502,769 | €502,769 | = | 0.0% |
| Contributions outside capital | 11 | €229 | €229 | = | 0.0% |
| Share premium | 1100/10 | €229 | €229 | = | 0.0% |
| Reserves | 13 | €8,591,718 | €9,272,634 | +€680,916 | +7.9% |
| Non-distributable reserves | 130/1 | €50,277 | €50,277 | = | 0.0% |
| Legal reserve | 130 | €50,277 | €50,277 | = | 0.0% |
| Distributable reserves | 133 | €8,541,441 | €9,222,357 | +€680,916 | +8.0% |
| Profit (loss) carried forward | 14 | €41,402 | €41,402 | = | 0.0% |
| Amounts payable | 17/49 | €587,921 | €264,662 | -€323,260 | -55.0% |
| Amounts payable within one year | 42/48 | €587,921 | €264,662 | -€323,260 | -55.0% |
| Trade debts | 44 | €55,370 | €56,019 | +€649 | +1.2% |
| Suppliers | 440/4 | €55,370 | €56,019 | +€649 | +1.2% |
| Taxes, remuneration and social security | 45 | €82,551 | €208,643 | +€126,092 | +153% |
| Taxes | 450/3 | €82,551 | €208,643 | +€126,092 | +153% |
| Other amounts payable | 47/48 | €450,000 | €0 | -€450,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,157 | €92,715 | -€442 | -0.5% |
| Other operating charges | 640/8 | €20,949 | €25,601 | +€4,652 | +22.2% |
| Gross operating margin | 9900 | €173,084 | €201,733 | +€28,649 | +16.6% |
| Operating profit (loss) | 9901 | €58,978 | €83,417 | +€24,438 | +41.4% |
| Financial income | 75/76B | €128,082 | €738,500 | +€610,418 | +477% |
| Recurring financial income | 75 | €128,082 | €738,500 | +€610,418 | +477% |
| Financial charges | 65/66B | €145 | €555 | +€410 | +283% |
| Recurring financial charges | 65 | €145 | €555 | +€410 | +283% |
| Profit (loss) for the period before taxes | 9903 | €186,915 | €821,362 | +€634,447 | +339% |
| Income taxes | 67/77 | €63,386 | €140,446 | +€77,060 | +122% |
| Profit (loss) for the period | 9904 | €123,529 | €680,916 | +€557,387 | +451% |
| Profit (loss) for the period to be appropriated | 9905 | €123,529 | €680,916 | +€557,387 | +451% |
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 25 October 2026 via checked.be.