Van Vossel: 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 Vossel
Largest movements
- Current investments +€110,577
up €110,577 (+39.5%), from €280,175 to €390,751
- Tangible fixed assets -€23,136
down €23,136 (-7.6%), from €305,401 to €282,265
- Other debts +€154,106
up €154,106 (+3045.7%), from €5,060 to €159,166
- Reserves -€68,090
down €68,090 (-13.0%), from €523,630 to €455,541
of which Distributable reserves: -€68,090
- Tax, wage and social debts +€22,617
up €22,617 (+174.9%), from €12,931 to €35,548
of which Taxes: +€20,787
- Debts after one year -€10,421
down €10,421 (-56.4%), from €18,472 to €8,051
- Gross operating margin +€26,453
up €26,453 (+10.0%), from €263,334 to €289,787
- Taxes +€10,808
up €10,808 (+25.9%), from €41,702 to €52,511
- Financial income +€5,818
up €5,818 (+1139.6%), from €511 to €6,328
- Financial charges -€3,058
down €3,058 (-29.9%), from €10,229 to €7,171
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 | €605,920 | €698,687 | +€92,767 | +15.3% |
| Fixed assets | 21/28 | €305,401 | €282,275 | -€23,126 | -7.6% |
| Tangible fixed assets | 22/27 | €305,401 | €282,265 | -€23,136 | -7.6% |
| Land and buildings | 22 | €240,984 | €235,425 | -€5,559 | -2.3% |
| Plant, machinery and equipment | 23 | €25,128 | €18,167 | -€6,961 | -27.7% |
| Furniture and vehicles | 24 | €39,290 | €28,674 | -€10,616 | -27.0% |
| Financial fixed assets | 28 | - | €10 | +€10 | |
| Current assets | 29/58 | €300,519 | €416,412 | +€115,893 | +38.6% |
| Amounts receivable within one year | 40/41 | €5,118 | €5,540 | +€422 | +8.2% |
| Trade receivables | 40 | €896 | €589 | -€307 | -34.3% |
| Other amounts receivable | 41 | €4,223 | €4,952 | +€729 | +17.3% |
| Current investments | 50/53 | €280,175 | €390,751 | +€110,577 | +39.5% |
| Cash at bank and in hand | 54/58 | €13,084 | €17,659 | +€4,575 | +35.0% |
| Deferred charges and accrued income | 490/1 | €2,141 | €2,461 | +€320 | +14.9% |
| Total equity and liabilities | 10/49 | €605,920 | €698,687 | +€92,767 | +15.3% |
| Equity | 10/15 | €542,230 | €474,141 | -€68,090 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €523,630 | €455,541 | -€68,090 | -13.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €521,770 | €453,681 | -€68,090 | -13.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,690 | €224,546 | +€160,856 | +252.6% |
| Amounts payable after more than one year | 17 | €18,472 | €8,051 | -€10,421 | -56.4% |
| Financial debts | 170/4 | €18,472 | €8,051 | -€10,421 | -56.4% |
| Amounts payable within one year | 42/48 | €45,217 | €216,495 | +€171,277 | +378.8% |
| Current portion of amounts payable after more than one year | 42 | €14,319 | €10,421 | -€3,898 | -27.2% |
| Financial debts | 43 | €2,959 | €2,967 | +€8 | +0.3% |
| Credit institutions | 430/8 | €2,959 | €2,967 | +€8 | +0.3% |
| Trade debts | 44 | €9,949 | €8,394 | -€1,555 | -15.6% |
| Suppliers | 440/4 | €9,949 | €8,394 | -€1,555 | -15.6% |
| Taxes, remuneration and social security | 45 | €12,931 | €35,548 | +€22,617 | +174.9% |
| Taxes | 450/3 | €10,303 | €31,090 | +€20,787 | +201.8% |
| Remuneration and social security | 454/9 | €2,628 | €4,458 | +€1,830 | +69.6% |
| Other amounts payable | 47/48 | €5,060 | €159,166 | +€154,106 | +3045.7% |
| Remuneration, social security and pensions | 62 | €77,046 | €77,270 | +€224 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,473 | €26,566 | +€1,093 | +4.3% |
| Other operating charges | 640/8 | €3,033 | €3,687 | +€654 | +21.6% |
| Gross operating margin | 9900 | €263,334 | €289,787 | +€26,453 | +10.0% |
| Operating profit (loss) | 9901 | €157,782 | €182,264 | +€24,482 | +15.5% |
| Financial income | 75/76B | €511 | €6,328 | +€5,818 | +1139.6% |
| Recurring financial income | 75 | €511 | €6,328 | +€5,818 | +1139.6% |
| Financial charges | 65/66B | €10,229 | €7,171 | -€3,058 | -29.9% |
| Recurring financial charges | 65 | €10,229 | €7,171 | -€3,058 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €148,063 | €181,421 | +€33,358 | +22.5% |
| Income taxes | 67/77 | €41,702 | €52,511 | +€10,808 | +25.9% |
| Profit (loss) for the period | 9904 | €106,361 | €128,910 | +€22,550 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,361 | €128,910 | +€22,550 | +21.2% |
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 8 October 2026 via checked.be.