VAN&VAN: 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&VAN
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Cash -€29,900
down €29,900 (-95.1%), from €31,456 to €1,556
mainly Current investments (-€30,000) and Debts after one year (-€4,284)
- Tangible fixed assets -€4,129
down €4,129 (-44.7%), from €9,233 to €5,104
- Receivables within one year -€2,556
down €2,556 (-31.7%), from €8,075 to €5,519
of which Other amounts receivable: -€3,163
- Debts after one year -€4,284
down €4,284 (-79.8%), from €5,367 to €1,083
- Profit (loss) carried forward -€2,598
down €2,598 (-35.6%), from -€7,296 to -€9,894
- Gross operating margin +€4,583
up €4,583, from -€2,046 to €2,537
- Taxes +€509
up €509 (+973.1%), from €52 to €561
- Other operating charges -€346
down €346 (-49.5%), from €700 to €354
- Financial charges -€161
down €161 (-33.5%), from €481 to €320
- Financial income +€116
up €116 (+103.5%), from €113 to €229
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 | €49,331 | €42,179 | -€7,152 | -14.5% |
| Fixed assets | 21/28 | €9,233 | €5,104 | -€4,129 | -44.7% |
| Tangible fixed assets | 22/27 | €9,233 | €5,104 | -€4,129 | -44.7% |
| Furniture and vehicles | 24 | €9,233 | €5,104 | -€4,129 | -44.7% |
| Current assets | 29/58 | €40,098 | €37,075 | -€3,023 | -7.5% |
| Stocks and contracts in progress | 3 | €355 | - | -€355 | |
| Stocks | 30/36 | €355 | - | -€355 | |
| Amounts receivable within one year | 40/41 | €8,075 | €5,519 | -€2,556 | -31.7% |
| Trade receivables | 40 | €4,912 | €5,519 | +€607 | +12.3% |
| Other amounts receivable | 41 | €3,163 | - | -€3,163 | |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €31,456 | €1,556 | -€29,900 | -95.1% |
| Deferred charges and accrued income | 490/1 | €212 | - | -€212 | |
| Total equity and liabilities | 10/49 | €49,331 | €42,179 | -€7,152 | -14.5% |
| Equity | 10/15 | €36,726 | €34,128 | -€2,598 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,422 | €25,422 | -€0 | 0.0% |
| Distributable reserves | 133 | €25,422 | €25,422 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€7,296 | -€9,894 | -€2,598 | -35.6% |
| Amounts payable | 17/49 | €12,605 | €8,051 | -€4,554 | -36.1% |
| Amounts payable after more than one year | 17 | €5,367 | €1,083 | -€4,284 | -79.8% |
| Financial debts | 170/4 | €5,367 | €1,083 | -€4,284 | -79.8% |
| Amounts payable within one year | 42/48 | €7,238 | €6,968 | -€270 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €4,212 | €4,284 | +€72 | +1.7% |
| Trade debts | 44 | €1,251 | €1,035 | -€216 | -17.3% |
| Suppliers | 440/4 | €1,251 | €1,035 | -€216 | -17.3% |
| Taxes, remuneration and social security | 45 | €1,078 | €1,379 | +€301 | +27.9% |
| Taxes | 450/3 | €1,078 | €1,379 | +€301 | +27.9% |
| Other amounts payable | 47/48 | €697 | €270 | -€427 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,129 | €4,129 | +€0 | 0.0% |
| Other operating charges | 640/8 | €700 | €354 | -€346 | -49.5% |
| Gross operating margin | 9900 | -€2,046 | €2,537 | +€4,583 | |
| Operating profit (loss) | 9901 | -€6,875 | -€1,946 | +€4,929 | +71.7% |
| Financial income | 75/76B | €113 | €229 | +€116 | +103.5% |
| Recurring financial income | 75 | €113 | €229 | +€116 | +103.5% |
| Financial charges | 65/66B | €481 | €320 | -€161 | -33.5% |
| Recurring financial charges | 65 | €481 | €320 | -€161 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,244 | -€2,037 | +€5,207 | +71.9% |
| Income taxes | 67/77 | €52 | €561 | +€509 | +973.1% |
| Profit (loss) for the period | 9904 | -€7,296 | -€2,598 | +€4,698 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,296 | -€2,598 | +€4,698 | +64.4% |
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 11 October 2026 via checked.be.