VANBELLINGHEN EVENTS: 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.
VANBELLINGHEN EVENTS
Largest movements
- Cash +€113,124
up €113,124 (+49.2%), from €229,803 to €342,927
mainly Net result for the year (+€140,891) and Tax, wage and social debts (+€93,110)
- Receivables within one year -€52,253
down €52,253 (-90.8%), from €57,537 to €5,284
of which Trade receivables: -€41,468
- Tangible fixed assets +€48,096
up €48,096 (+28.2%), from €170,410 to €218,506
of which Furniture and vehicles: +€35,450
- Profit (loss) carried forward +€140,891
up €140,891 (+102%), from €137,783 to €278,674
- Tax, wage and social debts +€93,110
up €93,110 (+132%), from €70,384 to €163,493
of which Taxes: +€56,110
- Trade debts -€66,724
down €66,724 (-58.6%), from €113,957 to €47,233
- Other debts -€39,991
down €39,991 (-99.7%), from €40,108 to €117
- Debts after one year -€19,711
down €19,711 (-29.1%), from €67,777 to €48,066
- Depreciation +€27,612
up €27,612 (+602%), from €4,590 to €32,202
- Gross operating margin +€26,789
up €26,789 (+14.6%), from €182,913 to €209,702
- Financial income +€8,470
new in 2025: €8,470
- Financial charges +€3,563
up €3,563 (+80.0%), from €4,452 to €8,015
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 | €459,850 | €569,262 | +€109,412 | +23.8% |
| Fixed assets | 21/28 | €172,510 | €220,606 | +€48,096 | +27.9% |
| Tangible fixed assets | 22/27 | €170,410 | €218,506 | +€48,096 | +28.2% |
| Plant, machinery and equipment | 23 | €170,410 | €183,056 | +€12,646 | +7.4% |
| Furniture and vehicles | 24 | €0 | €35,450 | +€35,450 | |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €287,340 | €348,656 | +€61,316 | +21.3% |
| Amounts receivable within one year | 40/41 | €57,537 | €5,284 | -€52,253 | -90.8% |
| Trade receivables | 40 | €46,752 | €5,284 | -€41,468 | -88.7% |
| Other amounts receivable | 41 | €10,785 | - | -€10,785 | |
| Cash at bank and in hand | 54/58 | €229,803 | €342,927 | +€113,124 | +49.2% |
| Deferred charges and accrued income | 490/1 | - | €445 | +€445 | |
| Total equity and liabilities | 10/49 | €459,850 | €569,262 | +€109,412 | +23.8% |
| Equity | 10/15 | €147,783 | €288,674 | +€140,891 | +95.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,783 | €278,674 | +€140,891 | +102% |
| Amounts payable | 17/49 | €312,067 | €280,588 | -€31,479 | -10.1% |
| Amounts payable after more than one year | 17 | €67,777 | €48,066 | -€19,711 | -29.1% |
| Financial debts | 170/4 | €67,777 | €48,066 | -€19,711 | -29.1% |
| Amounts payable within one year | 42/48 | €243,211 | €230,554 | -€12,656 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €18,763 | €19,711 | +€948 | +5.1% |
| Trade debts | 44 | €113,957 | €47,233 | -€66,724 | -58.6% |
| Suppliers | 440/4 | €113,957 | €47,233 | -€66,724 | -58.6% |
| Taxes, remuneration and social security | 45 | €70,384 | €163,493 | +€93,110 | +132% |
| Taxes | 450/3 | €70,384 | €126,493 | +€56,110 | +79.7% |
| Remuneration and social security | 454/9 | - | €37,000 | +€37,000 | |
| Other amounts payable | 47/48 | €40,108 | €117 | -€39,991 | -99.7% |
| Accrued charges and deferred income | 492/3 | €1,079 | €1,967 | +€888 | +82.3% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €95 | €167 | +€72 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,590 | €32,202 | +€27,612 | +602% |
| Other operating charges | 640/8 | €58 | €472 | +€415 | +720% |
| Gross operating margin | 9900 | €182,913 | €209,702 | +€26,789 | +14.6% |
| Operating profit (loss) | 9901 | €178,171 | €176,861 | -€1,310 | -0.7% |
| Financial income | 75/76B | - | €8,470 | +€8,470 | |
| Recurring financial income | 75 | - | €8,470 | +€8,470 | |
| Financial charges | 65/66B | €4,452 | €8,015 | +€3,563 | +80.0% |
| Recurring financial charges | 65 | €4,452 | €8,015 | +€3,563 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €173,719 | €177,316 | +€3,597 | +2.1% |
| Income taxes | 67/77 | €35,936 | €36,424 | +€489 | +1.4% |
| Profit (loss) for the period | 9904 | €137,783 | €140,891 | +€3,109 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €137,783 | €140,891 | +€3,109 | +2.3% |
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 25 October 2026 via checked.be.