VAN VAERENBERGH: 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 VAERENBERGH
Largest movements
- Cash +€40,568
up €40,568 (+378%), from €10,719 to €51,287
mainly Tax, wage and social debts (+€47,077) and Depreciation (+€22,830)
- Receivables within one year +€26,059
up €26,059 (+100%), from €26,036 to €52,094
of which Other amounts receivable: +€22,611
- Tangible fixed assets -€22,830
down €22,830 (-13.3%), from €172,195 to €149,365
of which Plant, machinery and equipment: -€21,508
- Tax, wage and social debts +€47,077
up €47,077 (+214%), from €21,988 to €69,065
of which Remuneration and social security: +€48,696
- Debts after one year -€18,871
down €18,871 (-13.6%), from €138,867 to €119,997
- Reserves +€6,885
up €6,885 (+59.6%), from €11,561 to €18,446
- Trade debts +€5,673
up €5,673 (+26.1%), from €21,744 to €27,417
- Current portion of long-term debt +€5,505
up €5,505 (+20.4%), from €27,007 to €32,512
- Staff costs +€8,835
up €8,835 (+4.4%), from €200,493 to €209,328
- Gross operating margin +€7,792
up €7,792 (+3.2%), from €240,269 to €248,062
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.
Derived cash bridge
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 | €227,094 | €273,037 | +€45,943 | +20.2% |
| Fixed assets | 21/28 | €172,195 | €149,365 | -€22,830 | -13.3% |
| Tangible fixed assets | 22/27 | €172,195 | €149,365 | -€22,830 | -13.3% |
| Land and buildings | 22 | €1,186 | €1,038 | -€148 | -12.4% |
| Plant, machinery and equipment | 23 | €167,653 | €146,145 | -€21,508 | -12.8% |
| Furniture and vehicles | 24 | €3,356 | €2,182 | -€1,175 | -35.0% |
| Current assets | 29/58 | €54,899 | €123,673 | +€68,774 | +125% |
| Amounts receivable within one year | 40/41 | €26,036 | €52,094 | +€26,059 | +100% |
| Trade receivables | 40 | - | €3,447 | +€3,447 | |
| Other amounts receivable | 41 | €26,036 | €48,647 | +€22,611 | +86.8% |
| Cash at bank and in hand | 54/58 | €10,719 | €51,287 | +€40,568 | +378% |
| Deferred charges and accrued income | 490/1 | €18,144 | €20,291 | +€2,147 | +11.8% |
| Total equity and liabilities | 10/49 | €227,094 | €273,037 | +€45,943 | +20.2% |
| Equity | 10/15 | €11,561 | €18,446 | +€6,885 | +59.6% |
| Reserves | 13 | €11,561 | €18,446 | +€6,885 | +59.6% |
| Distributable reserves | 133 | €11,561 | €18,446 | +€6,885 | +59.6% |
| Amounts payable | 17/49 | €215,533 | €254,591 | +€39,058 | +18.1% |
| Amounts payable after more than one year | 17 | €138,867 | €119,997 | -€18,871 | -13.6% |
| Financial debts | 170/4 | €138,867 | €119,997 | -€18,871 | -13.6% |
| Amounts payable within one year | 42/48 | €71,065 | €128,994 | +€57,929 | +81.5% |
| Current portion of amounts payable after more than one year | 42 | €27,007 | €32,512 | +€5,505 | +20.4% |
| Trade debts | 44 | €21,744 | €27,417 | +€5,673 | +26.1% |
| Suppliers | 440/4 | €21,744 | €27,417 | +€5,673 | +26.1% |
| Taxes, remuneration and social security | 45 | €21,988 | €69,065 | +€47,077 | +214% |
| Taxes | 450/3 | €6,798 | €5,179 | -€1,619 | -23.8% |
| Remuneration and social security | 454/9 | €15,190 | €63,886 | +€48,696 | +321% |
| Other amounts payable | 47/48 | €326 | - | -€326 | |
| Accrued charges and deferred income | 492/3 | €5,600 | €5,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €200,493 | €209,328 | +€8,835 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,652 | €22,830 | +€179 | +0.8% |
| Other operating charges | 640/8 | €4,594 | €4,507 | -€87 | -1.9% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €240,269 | €248,062 | +€7,792 | +3.2% |
| Operating profit (loss) | 9901 | €12,531 | €11,394 | -€1,137 | -9.1% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €3,424 | €3,820 | +€397 | +11.6% |
| Recurring financial charges | 65 | €3,424 | €3,820 | +€397 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €9,131 | €7,573 | -€1,557 | -17.1% |
| Income taxes | 67/77 | €830 | €689 | -€142 | -17.1% |
| Profit (loss) for the period | 9904 | €8,301 | €6,885 | -€1,416 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,301 | €6,885 | -€1,416 | -17.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.