Van Vugt: 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 Vugt
Largest movements
- Cash +€26,183
up €26,183 (+8.8%), from €296,166 to €322,348
mainly Net result for the year (+€58,992) and Depreciation (+€46,228)
- Tangible fixed assets -€23,865
down €23,865 (-12.6%), from €189,038 to €165,173
of which Furniture and vehicles: -€26,179
- Receivables within one year +€8,259
up €8,259 (+6.6%), from €125,978 to €134,237
of which Other amounts receivable: +€10,341
- Reserves +€58,992
up €58,992 (+18.1%), from €326,208 to €385,199
of which Distributable reserves: +€58,992
- Debts after one year -€37,977
down €37,977 (-23.4%), from €162,009 to €124,032
- Tax, wage and social debts -€11,367
down €11,367 (-31.4%), from €36,147 to €24,780
of which Taxes: -€15,095
- Trade debts -€8,019
down €8,019 (-23.4%), from €34,300 to €26,281
- Current portion of long-term debt +€7,950
up €7,950 (+64.2%), from €12,391 to €20,341
- Turnover +€591,579
new in 2025: €591,579
- Purchases and services +€400,176
new in 2025: €400,176
- Gross operating margin -€42,658
down €42,658 (-17.8%), from €240,120 to €197,461
- Depreciation +€13,424
up €13,424 (+40.9%), from €32,804 to €46,228
- Taxes -€12,157
down €12,157 (-29.9%), from €40,676 to €28,519
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.
Derived cash bridge
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 | €619,088 | €627,871 | +€8,783 | +1.4% |
| Fixed assets | 21/28 | €189,038 | €165,173 | -€23,865 | -12.6% |
| Tangible fixed assets | 22/27 | €189,038 | €165,173 | -€23,865 | -12.6% |
| Land and buildings | 22 | €128,360 | €111,278 | -€17,082 | -13.3% |
| Plant, machinery and equipment | 23 | €166 | €19,562 | +€19,396 | +11,684% |
| Furniture and vehicles | 24 | €60,511 | €34,332 | -€26,179 | -43.3% |
| Current assets | 29/58 | €430,050 | €462,698 | +€32,648 | +7.6% |
| Stocks and contracts in progress | 3 | €1,696 | €1,793 | +€97 | +5.7% |
| Stocks | 30/36 | €1,696 | €1,793 | +€97 | +5.7% |
| Amounts receivable within one year | 40/41 | €125,978 | €134,237 | +€8,259 | +6.6% |
| Trade receivables | 40 | €116,998 | €114,916 | -€2,082 | -1.8% |
| Other amounts receivable | 41 | €8,980 | €19,321 | +€10,341 | +115% |
| Cash at bank and in hand | 54/58 | €296,166 | €322,348 | +€26,183 | +8.8% |
| Deferred charges and accrued income | 490/1 | €6,211 | €4,320 | -€1,891 | -30.4% |
| Total equity and liabilities | 10/49 | €619,088 | €627,871 | +€8,783 | +1.4% |
| Equity | 10/15 | €332,408 | €391,399 | +€58,992 | +17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €326,208 | €385,199 | +€58,992 | +18.1% |
| 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 | €324,348 | €383,339 | +€58,992 | +18.2% |
| Amounts payable | 17/49 | €286,680 | €236,472 | -€50,209 | -17.5% |
| Amounts payable after more than one year | 17 | €162,009 | €124,032 | -€37,977 | -23.4% |
| Financial debts | 170/4 | €162,009 | €124,032 | -€37,977 | -23.4% |
| Amounts payable within one year | 42/48 | €124,671 | €112,440 | -€12,231 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €12,391 | €20,341 | +€7,950 | +64.2% |
| Trade debts | 44 | €34,300 | €26,281 | -€8,019 | -23.4% |
| Suppliers | 440/4 | €34,300 | €26,281 | -€8,019 | -23.4% |
| Taxes, remuneration and social security | 45 | €36,147 | €24,780 | -€11,367 | -31.4% |
| Taxes | 450/3 | €22,303 | €7,208 | -€15,095 | -67.7% |
| Remuneration and social security | 454/9 | €13,843 | €17,571 | +€3,728 | +26.9% |
| Other amounts payable | 47/48 | €41,834 | €41,039 | -€795 | -1.9% |
| Turnover | 70 | - | €591,579 | +€591,579 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €400,176 | +€400,176 | |
| Remuneration, social security and pensions | 62 | €56,425 | €53,992 | -€2,433 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,804 | €46,228 | +€13,424 | +40.9% |
| Other operating charges | 640/8 | €3,909 | €3,954 | +€45 | +1.2% |
| Gross operating margin | 9900 | €240,120 | €197,461 | -€42,658 | -17.8% |
| Operating profit (loss) | 9901 | €146,983 | €93,288 | -€53,694 | -36.5% |
| Financial income | 75/76B | €7,367 | €1,217 | -€6,151 | -83.5% |
| Recurring financial income | 75 | €7,367 | €1,217 | -€6,151 | -83.5% |
| Financial charges | 65/66B | -€1,272 | €6,994 | +€8,266 | |
| Recurring financial charges | 65 | -€1,272 | €6,994 | +€8,266 | |
| Profit (loss) for the period before taxes | 9903 | €155,622 | €87,511 | -€68,111 | -43.8% |
| Income taxes | 67/77 | €40,676 | €28,519 | -€12,157 | -29.9% |
| Profit (loss) for the period | 9904 | €114,946 | €58,992 | -€55,954 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,946 | €58,992 | -€55,954 | -48.7% |
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 18 October 2026 via checked.be.