VAN VAERENBERGH - VAN BOVEN: what changed
VAN VAERENBERGH - VAN BOVEN
Largest movements
- Cash -€194,506
down €194,506 (-59.1%), from €329,217 to €134,711
mainly Contributions, distributions and other (-€299,400) and Receivables within one year (-€175,719)
- Receivables within one year +€175,719
up €175,719 (+477%), from €36,842 to €212,561
of which Other amounts receivable: +€175,719
- Reserves +€79,645
up €79,645 (+11.8%), from €674,701 to €754,346
of which Distributable reserves: +€79,645
- Other debts -€72,182
no longer reported in 2025 (was €72,182)
- Tax, wage and social debts -€16,204
down €16,204 (-79.9%), from €20,284 to €4,080
- Financial income +€232,403
up €232,403 (+234%), from €99,490 to €331,892
- Taxes -€15,350
down €15,350 (-35.4%), from €43,417 to €28,067
- Financial charges -€5,870
no longer reported in 2025 (was €5,870)
- Gross operating margin +€4,478
up €4,478 (+6.3%), from €71,136 to €75,614
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €780,663 | €766,174 | -€14,489 | -1.9% |
| Fixed assets | 21/28 | €413,357 | €413,357 | = | 0.0% |
| Financial fixed assets | 28 | €413,357 | €413,357 | = | 0.0% |
| Current assets | 29/58 | €367,306 | €352,818 | -€14,489 | -3.9% |
| Amounts receivable within one year | 40/41 | €36,842 | €212,561 | +€175,719 | +477% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €27,162 | €202,881 | +€175,719 | +647% |
| Cash at bank and in hand | 54/58 | €329,217 | €134,711 | -€194,506 | -59.1% |
| Deferred charges and accrued income | 490/1 | €1,248 | €5,545 | +€4,298 | +344% |
| Total equity and liabilities | 10/49 | €780,663 | €766,174 | -€14,489 | -1.9% |
| Equity | 10/15 | €680,901 | €760,546 | +€79,645 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €674,701 | €754,346 | +€79,645 | +11.8% |
| Tax-exempt reserves | 132 | €5,223 | €5,223 | = | 0.0% |
| Distributable reserves | 133 | €669,478 | €749,123 | +€79,645 | +11.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €99,762 | €5,629 | -€94,134 | -94.4% |
| Amounts payable within one year | 42/48 | €92,576 | €5,629 | -€86,947 | -93.9% |
| Trade debts | 44 | €110 | €1,549 | +€1,439 | +1,308% |
| Suppliers | 440/4 | €110 | €1,549 | +€1,439 | +1,308% |
| Taxes, remuneration and social security | 45 | €20,284 | €4,080 | -€16,204 | -79.9% |
| Taxes | 450/3 | €20,284 | €4,080 | -€16,204 | -79.9% |
| Other amounts payable | 47/48 | €72,182 | - | -€72,182 | |
| Accrued charges and deferred income | 492/3 | €7,187 | - | -€7,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €504 | €394 | -€110 | -21.7% |
| Gross operating margin | 9900 | €71,136 | €75,614 | +€4,478 | +6.3% |
| Operating profit (loss) | 9901 | €70,632 | €75,220 | +€4,588 | +6.5% |
| Financial income | 75/76B | €99,490 | €331,892 | +€232,403 | +234% |
| Recurring financial income | 75 | €99,490 | €331,892 | +€232,403 | +234% |
| Financial charges | 65/66B | €5,870 | - | -€5,870 | |
| Recurring financial charges | 65 | €5,870 | - | -€5,870 | |
| Profit (loss) for the period before taxes | 9903 | €164,252 | €407,112 | +€242,860 | +148% |
| Income taxes | 67/77 | €43,417 | €28,067 | -€15,350 | -35.4% |
| Profit (loss) for the period | 9904 | €120,834 | €379,045 | +€258,211 | +214% |
| Profit (loss) for the period to be appropriated | 9905 | €120,834 | €379,045 | +€258,211 | +214% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.