VAN VOLSEM: what changed
Two fiscal 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 VOLSEM
Largest movements
- Cash +€138,306
up €138,306 (+4425.9%), from €3,125 to €141,431
mainly Stocks and contracts (+€81,639) and Receivables within one year (+€31,525)
- Stocks and contracts -€81,639
down €81,639 (-37.9%), from €215,135 to €133,496
- Receivables within one year -€31,525
down €31,525 (-99.4%), from €31,705 to €181
of which Trade receivables: -€29,500
- Tangible fixed assets -€9,145
down €9,145 (-26.0%), from €35,182 to €26,038
of which Furniture and vehicles: -€9,781
- Reserves +€20,600
up €20,600 (+17.4%), from €118,055 to €138,655
- Trade debts -€7,477
down €7,477 (-73.5%), from €10,171 to €2,694
- Tax, wage and social debts +€7,080
up €7,080 (+161.6%), from €4,381 to €11,462
- Other debts -€4,291
down €4,291 (-6.1%), from €70,255 to €65,963
- Gross operating margin +€16,279
up €16,279 (+49.1%), from €33,148 to €49,426
- Taxes +€7,215
up €7,215 (+722.5%), from €999 to €8,213
- Depreciation -€7,075
down €7,075 (-30.7%), from €23,013 to €15,938
- Financial charges -€2,624
down €2,624 (-72.6%), from €3,614 to €991
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 | €287,338 | €301,146 | +€13,808 | +4.8% |
| Fixed assets | 21/28 | €35,182 | €26,038 | -€9,145 | -26.0% |
| Tangible fixed assets | 22/27 | €35,182 | €26,038 | -€9,145 | -26.0% |
| Plant, machinery and equipment | 23 | €13,355 | €13,992 | +€637 | +4.8% |
| Furniture and vehicles | 24 | €21,827 | €12,046 | -€9,781 | -44.8% |
| Current assets | 29/58 | €252,156 | €275,108 | +€22,952 | +9.1% |
| Stocks and contracts in progress | 3 | €215,135 | €133,496 | -€81,639 | -37.9% |
| Stocks | 30/36 | €215,135 | €133,496 | -€81,639 | -37.9% |
| Amounts receivable within one year | 40/41 | €31,705 | €181 | -€31,525 | -99.4% |
| Trade receivables | 40 | €29,500 | €0 | -€29,500 | -100.0% |
| Other amounts receivable | 41 | €2,205 | €181 | -€2,025 | -91.8% |
| Cash at bank and in hand | 54/58 | €3,125 | €141,431 | +€138,306 | +4425.9% |
| Deferred charges and accrued income | 490/1 | €2,191 | €0 | -€2,191 | -100.0% |
| Total equity and liabilities | 10/49 | €287,338 | €301,146 | +€13,808 | +4.8% |
| Equity | 10/15 | €154,420 | €175,026 | +€20,606 | +13.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €118,055 | €138,655 | +€20,600 | +17.4% |
| Distributable reserves | 133 | €118,055 | €138,655 | +€20,600 | +17.4% |
| Profit (loss) carried forward | 14 | €16,365 | €16,371 | +€6 | 0.0% |
| Amounts payable | 17/49 | €132,918 | €126,119 | -€6,799 | -5.1% |
| Amounts payable after more than one year | 17 | €46,000 | €46,000 | = | 0.0% |
| Other amounts payable | 178/9 | €46,000 | €46,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,807 | €80,119 | -€4,688 | -5.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,171 | €2,694 | -€7,477 | -73.5% |
| Suppliers | 440/4 | €10,171 | €2,694 | -€7,477 | -73.5% |
| Taxes, remuneration and social security | 45 | €4,381 | €11,462 | +€7,080 | +161.6% |
| Taxes | 450/3 | €4,381 | €11,462 | +€7,080 | +161.6% |
| Other amounts payable | 47/48 | €70,255 | €65,963 | -€4,291 | -6.1% |
| Accrued charges and deferred income | 492/3 | €2,111 | €0 | -€2,111 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,013 | €15,938 | -€7,075 | -30.7% |
| Other operating charges | 640/8 | €4,067 | €3,687 | -€380 | -9.3% |
| Non-recurring operating charges | 66A | €77 | €0 | -€77 | -100.0% |
| Gross operating margin | 9900 | €33,148 | €49,426 | +€16,279 | +49.1% |
| Operating profit (loss) | 9901 | €5,990 | €29,801 | +€23,810 | +397.5% |
| Financial income | 75/76B | €281 | €9 | -€271 | -96.7% |
| Recurring financial income | 75 | €281 | €9 | -€271 | -96.7% |
| Financial charges | 65/66B | €3,614 | €991 | -€2,624 | -72.6% |
| Recurring financial charges | 65 | €3,614 | €991 | -€2,624 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €2,657 | €28,819 | +€26,163 | +984.7% |
| Income taxes | 67/77 | €999 | €8,213 | +€7,215 | +722.5% |
| Profit (loss) for the period | 9904 | €1,658 | €20,606 | +€18,948 | +1142.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,658 | €20,606 | +€18,948 | +1142.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.