VAN2INVEST: 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.
VAN2INVEST
Largest movements
- Stocks and contracts +€2.5m
up €2.5m (+314%), from €788,922 to €3.3m
- Cash -€248,815
down €248,815 (-98.6%), from €252,431 to €3,616
mainly Stocks and contracts (-€2.5m) and Deferred charges and accrued income (-€1,906)
- Receivables within one year -€142,345
down €142,345 (-37.1%), from €383,333 to €240,989
of which Other amounts receivable: -€142,345
- Short-term financial debts +€1.3m
up €1.3m (+336%), from €390,000 to €1.7m
- Other debts +€497,965
up €497,965 (+49.2%), from €1.0m to €1.5m
- Trade debts +€248,254
up €248,254 (+607%), from €40,898 to €289,152
- Gross operating margin +€28,335
up €28,335 (+1,157%), from €2,450 to €30,785
- Financial income +€2,355
new in 2025: €2,355
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 | €1,433,446 | €3,522,432 | +€2.1m | +146% |
| Fixed assets | 21/28 | €8,759 | €8,759 | = | 0.0% |
| Financial fixed assets | 28 | €8,759 | €8,759 | = | 0.0% |
| Current assets | 29/58 | €1,424,687 | €3,513,674 | +€2.1m | +147% |
| Stocks and contracts in progress | 3 | €788,922 | €3,267,163 | +€2.5m | +314% |
| Stocks | 30/36 | €788,922 | €3,267,163 | +€2.5m | +314% |
| Amounts receivable within one year | 40/41 | €383,333 | €240,989 | -€142,345 | -37.1% |
| Trade receivables | 40 | €133,333 | €133,333 | = | 0.0% |
| Other amounts receivable | 41 | €250,000 | €107,655 | -€142,345 | -56.9% |
| Cash at bank and in hand | 54/58 | €252,431 | €3,616 | -€248,815 | -98.6% |
| Deferred charges and accrued income | 490/1 | - | €1,906 | +€1,906 | |
| Total equity and liabilities | 10/49 | €1,433,446 | €3,522,432 | +€2.1m | +146% |
| Equity | 10/15 | -€9,162 | €23,350 | +€32,512 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,162 | €3,350 | +€32,512 | |
| Amounts payable | 17/49 | €1,442,608 | €3,499,083 | +€2.1m | +143% |
| Amounts payable within one year | 42/48 | €1,442,608 | €3,499,083 | +€2.1m | +143% |
| Current portion of amounts payable after more than one year | 42 | - | €255 | +€255 | |
| Financial debts | 43 | €390,000 | €1,700,000 | +€1.3m | +336% |
| Credit institutions | 430/8 | €390,000 | €1,700,000 | +€1.3m | +336% |
| Trade debts | 44 | €40,898 | €289,152 | +€248,254 | +607% |
| Suppliers | 440/4 | €40,898 | €289,152 | +€248,254 | +607% |
| Other amounts payable | 47/48 | €1,011,710 | €1,509,675 | +€497,965 | +49.2% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €2,450 | €30,785 | +€28,335 | +1,157% |
| Operating profit (loss) | 9901 | €1,936 | €30,385 | +€28,449 | +1,469% |
| Financial income | 75/76B | - | €2,355 | +€2,355 | |
| Recurring financial income | 75 | - | €2,355 | +€2,355 | |
| Financial charges | 65/66B | €150 | €228 | +€78 | +52.0% |
| Recurring financial charges | 65 | €150 | €228 | +€78 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €1,786 | €32,512 | +€30,726 | +1,720% |
| Profit (loss) for the period | 9904 | €1,786 | €32,512 | +€30,726 | +1,720% |
| Profit (loss) for the period to be appropriated | 9905 | €1,786 | €32,512 | +€30,726 | +1,720% |
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 14 October 2026 via checked.be.