VAN ZOVI: 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 ZOVI
Largest movements
- Receivables within one year +€2,887
up €2,887 (+94.4%), from €3,057 to €5,944
- Cash -€2,413
down €2,413 (-13.6%), from €17,738 to €15,324
mainly Receivables within one year (-€2,887) and Trade debts (-€407)
- Tangible fixed assets -€790
down €790 (-37.5%), from €2,109 to €1,319
- Profit (loss) carried forward +€607
up €607 (+15.9%), from -€3,830 to -€3,223
- Trade debts -€407
down €407 (-81.2%), from €500 to €94
- Other debts -€268
down €268 (-84.6%), from €317 to €49
- Tax, wage and social debts -€268
down €268 (-8.0%), from €3,367 to €3,099
of which Taxes: -€268
- Gross operating margin -€17,926
down €17,926 (-86.1%), from €20,820 to €2,895
- Other operating charges -€743
down €743 (-50.1%), from €1,482 to €740
- Financial charges -€388
down €388 (-53.8%), from €720 to €332
- Taxes -€279
down €279 (-65.3%), from €428 to €149
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 | €23,082 | €22,746 | -€336 | -1.5% |
| Fixed assets | 21/28 | €2,109 | €1,319 | -€790 | -37.5% |
| Tangible fixed assets | 22/27 | €2,109 | €1,319 | -€790 | -37.5% |
| Furniture and vehicles | 24 | €2,109 | €1,319 | -€790 | -37.5% |
| Current assets | 29/58 | €20,973 | €21,428 | +€455 | +2.2% |
| Amounts receivable within one year | 40/41 | €3,057 | €5,944 | +€2,887 | +94.4% |
| Trade receivables | 40 | €3,057 | €5,944 | +€2,887 | +94.4% |
| Cash at bank and in hand | 54/58 | €17,738 | €15,324 | -€2,413 | -13.6% |
| Deferred charges and accrued income | 490/1 | €178 | €159 | -€19 | -10.6% |
| Total equity and liabilities | 10/49 | €23,082 | €22,746 | -€336 | -1.5% |
| Equity | 10/15 | €18,898 | €19,505 | +€607 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,128 | €4,128 | = | 0.0% |
| 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 | €2,268 | €2,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,830 | -€3,223 | +€607 | +15.9% |
| Amounts payable | 17/49 | €4,184 | €3,241 | -€943 | -22.5% |
| Amounts payable within one year | 42/48 | €4,184 | €3,241 | -€943 | -22.5% |
| Trade debts | 44 | €500 | €94 | -€407 | -81.2% |
| Suppliers | 440/4 | €500 | €94 | -€407 | -81.2% |
| Taxes, remuneration and social security | 45 | €3,367 | €3,099 | -€268 | -8.0% |
| Taxes | 450/3 | €1,797 | €1,529 | -€268 | -14.9% |
| Remuneration and social security | 454/9 | €1,570 | €1,570 | = | 0.0% |
| Other amounts payable | 47/48 | €317 | €49 | -€268 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | €1,067 | -€86 | -7.4% |
| Other operating charges | 640/8 | €1,482 | €740 | -€743 | -50.1% |
| Gross operating margin | 9900 | €20,820 | €2,895 | -€17,926 | -86.1% |
| Operating profit (loss) | 9901 | €18,186 | €1,088 | -€17,098 | -94.0% |
| Financial charges | 65/66B | €720 | €332 | -€388 | -53.8% |
| Recurring financial charges | 65 | €720 | €332 | -€388 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €17,466 | €756 | -€16,710 | -95.7% |
| Income taxes | 67/77 | €428 | €149 | -€279 | -65.3% |
| Profit (loss) for the period | 9904 | €17,038 | €607 | -€16,431 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,038 | €607 | -€16,431 | -96.4% |
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 23 October 2026 via checked.be.