VANBESIEN: 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.
VANBESIEN
Largest movements
- Tangible fixed assets +€48,487
up €48,487 (+43.2%), from €112,167 to €160,654
of which Furniture and vehicles: +€51,799
- Cash -€29,495
down €29,495 (-37.0%), from €79,750 to €50,255
mainly Contributions, distributions and other (-€134,250) and Investment in fixed assets (net) (-€86,298)
- Receivables after one year -€28,025
down €28,025 (-19.0%), from €147,215 to €119,190
- Receivables within one year +€18,714
up €18,714 (+10.1%), from €184,985 to €203,699
of which Other amounts receivable: +€35,361
- Deferred charges and accrued income -€8,442
down €8,442 (-79.1%), from €10,670 to €2,228
- Reserves -€142,890
down €142,890 (-53.2%), from €268,805 to €125,915
of which Distributable reserves: -€134,250
- Other debts +€104,750
up €104,750 (+355%), from €29,500 to €134,250
- Debts after one year +€74,357
up €74,357 (+997%), from €7,455 to €81,812
- Trade debts -€29,333
down €29,333 (-60.2%), from €48,721 to €19,389
- Tax, wage and social debts -€8,064
down €8,064 (-39.8%), from €20,281 to €12,217
- Gross operating margin -€36,833
down €36,833 (-66.6%), from €55,294 to €18,461
- Other operating charges -€7,532
down €7,532 (-80.8%), from €9,327 to €1,795
- Taxes -€7,483
down €7,483 (-98.2%), from €7,624 to €141
- Depreciation +€1,140
up €1,140 (+3.1%), from €36,671 to €37,811
- Financial income +€821
up €821 (+10.8%), from €7,620 to €8,441
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 | €534,787 | €536,026 | +€1,239 | +0.2% |
| Fixed assets | 21/28 | €112,167 | €160,654 | +€48,487 | +43.2% |
| Tangible fixed assets | 22/27 | €112,167 | €160,654 | +€48,487 | +43.2% |
| Plant, machinery and equipment | 23 | €16,594 | €14,314 | -€2,279 | -13.7% |
| Furniture and vehicles | 24 | €90,110 | €141,909 | +€51,799 | +57.5% |
| Other tangible fixed assets | 26 | €5,464 | €4,431 | -€1,033 | -18.9% |
| Current assets | 29/58 | €422,620 | €375,372 | -€47,248 | -11.2% |
| Amounts receivable after more than one year | 29 | €147,215 | €119,190 | -€28,025 | -19.0% |
| Other amounts receivable | 291 | €147,215 | €119,190 | -€28,025 | -19.0% |
| Amounts receivable within one year | 40/41 | €184,985 | €203,699 | +€18,714 | +10.1% |
| Trade receivables | 40 | €119,842 | €103,195 | -€16,647 | -13.9% |
| Other amounts receivable | 41 | €65,142 | €100,503 | +€35,361 | +54.3% |
| Cash at bank and in hand | 54/58 | €79,750 | €50,255 | -€29,495 | -37.0% |
| Deferred charges and accrued income | 490/1 | €10,670 | €2,228 | -€8,442 | -79.1% |
| Total equity and liabilities | 10/49 | €534,787 | €536,026 | +€1,239 | +0.2% |
| Equity | 10/15 | €377,102 | €229,414 | -€147,688 | -39.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €268,805 | €125,915 | -€142,890 | -53.2% |
| Tax-exempt reserves | 132 | €105,800 | €97,160 | -€8,640 | -8.2% |
| Distributable reserves | 133 | €163,005 | €28,755 | -€134,250 | -82.4% |
| Profit (loss) carried forward | 14 | €89,747 | €84,949 | -€4,798 | -5.3% |
| Provisions and deferred taxes | 16 | €5,220 | €3,060 | -€2,160 | -41.4% |
| Deferred taxes | 168 | €5,220 | €3,060 | -€2,160 | -41.4% |
| Amounts payable | 17/49 | €152,466 | €303,553 | +€151,087 | +99.1% |
| Amounts payable after more than one year | 17 | €7,455 | €81,812 | +€74,357 | +997% |
| Financial debts | 170/4 | €7,455 | €81,812 | +€74,357 | +997% |
| Amounts payable within one year | 42/48 | €145,011 | €215,534 | +€70,523 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €46,508 | €49,678 | +€3,170 | +6.8% |
| Trade debts | 44 | €48,721 | €19,389 | -€29,333 | -60.2% |
| Suppliers | 440/4 | €48,721 | €19,389 | -€29,333 | -60.2% |
| Taxes, remuneration and social security | 45 | €20,281 | €12,217 | -€8,064 | -39.8% |
| Taxes | 450/3 | €20,281 | €12,217 | -€8,064 | -39.8% |
| Other amounts payable | 47/48 | €29,500 | €134,250 | +€104,750 | +355% |
| Accrued charges and deferred income | 492/3 | - | €6,207 | +€6,207 | |
| Non-recurring operating income | 76A | - | €12,332 | +€12,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,671 | €37,811 | +€1,140 | +3.1% |
| Other operating charges | 640/8 | €9,327 | €1,795 | -€7,532 | -80.8% |
| Non-recurring operating charges | 66A | €5,334 | €0 | -€5,334 | -100% |
| Gross operating margin | 9900 | €55,294 | €18,461 | -€36,833 | -66.6% |
| Operating profit (loss) | 9901 | €3,963 | -€21,145 | -€25,108 | |
| Financial income | 75/76B | €7,620 | €8,441 | +€821 | +10.8% |
| Recurring financial income | 75 | €7,620 | €8,441 | +€821 | +10.8% |
| Financial charges | 65/66B | €3,557 | €2,753 | -€804 | -22.6% |
| Recurring financial charges | 65 | €3,557 | €2,753 | -€804 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €8,026 | -€15,457 | -€23,483 | |
| Transfer from deferred taxes | 780 | €2,160 | €2,160 | = | 0.0% |
| Income taxes | 67/77 | €7,624 | €141 | -€7,483 | -98.2% |
| Profit (loss) for the period | 9904 | €2,562 | -€13,438 | -€16,000 | |
| Transfer from tax-exempt reserves | 789 | €8,640 | €8,640 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,202 | -€4,798 | -€16,000 |
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 22 October 2026 via checked.be.