VanOuds: what changed
VanOuds
Largest movements
- Tangible fixed assets +€384,207
up €384,207 (+272%), from €141,039 to €525,246
of which Land and buildings: +€382,485
- Current investments +€221,801
up €221,801 (+6,922%), from €3,205 to €225,005
- Receivables within one year +€33,360
up €33,360 (+1,191%), from €2,802 to €36,162
of which Other amounts receivable: +€34,044
- Debts after one year +€430,000
up €430,000 (+6,667%), from €6,450 to €436,450
of which Financial debts: +€430,000
- Reserves +€104,749
up €104,749 (+103%), from €101,571 to €206,321
of which Distributable reserves: +€104,749
- Tax, wage and social debts +€65,450
up €65,450 (+52,808%), from €124 to €65,574
- Profit (loss) carried forward +€57,188
up €57,188, from -€57,188 to €0
- Other debts -€10,675
down €10,675 (-100%), from €10,675 to €0
- Gross operating margin +€245,518
up €245,518 (+5,197%), from €4,724 to €250,242
- Taxes +€61,238
up €61,238 (+21,627%), from €283 to €61,521
- Depreciation +€7,092
up €7,092 (+43.1%), from €16,445 to €23,536
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,260 | €799,937 | +€645,678 | +419% |
| Fixed assets | 21/28 | €141,039 | €525,246 | +€384,207 | +272% |
| Tangible fixed assets | 22/27 | €141,039 | €525,246 | +€384,207 | +272% |
| Land and buildings | 22 | €136,948 | €519,433 | +€382,485 | +279% |
| Plant, machinery and equipment | 23 | €2,360 | €4,675 | +€2,315 | +98.1% |
| Furniture and vehicles | 24 | €1,731 | €1,139 | -€592 | -34.2% |
| Current assets | 29/58 | €13,221 | €274,691 | +€261,470 | +1,978% |
| Amounts receivable within one year | 40/41 | €2,802 | €36,162 | +€33,360 | +1,191% |
| Trade receivables | 40 | €1,180 | €496 | -€684 | -57.9% |
| Other amounts receivable | 41 | €1,622 | €35,666 | +€34,044 | +2,098% |
| Current investments | 50/53 | €3,205 | €225,005 | +€221,801 | +6,922% |
| Cash at bank and in hand | 54/58 | €6,732 | €10,897 | +€4,165 | +61.9% |
| Deferred charges and accrued income | 490/1 | €483 | €2,627 | +€2,144 | +444% |
| Total equity and liabilities | 10/49 | €154,260 | €799,937 | +€645,678 | +419% |
| Equity | 10/15 | €131,146 | €293,083 | +€161,937 | +123% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €101,571 | €206,321 | +€104,749 | +103% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €92,895 | €197,644 | +€104,749 | +113% |
| Profit (loss) carried forward | 14 | -€57,188 | €0 | +€57,188 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €23,113 | €506,854 | +€483,740 | +2,093% |
| Amounts payable after more than one year | 17 | €6,450 | €436,450 | +€430,000 | +6,667% |
| Financial debts | 170/4 | - | €430,000 | +€430,000 | |
| Other amounts payable | 178/9 | €6,450 | €6,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,663 | €70,404 | +€53,740 | +323% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €751 | +€751 | |
| Credit institutions | 430/8 | - | €751 | +€751 | |
| Trade debts | 44 | €2,960 | €4,078 | +€1,118 | +37.8% |
| Suppliers | 440/4 | €2,960 | €4,078 | +€1,118 | +37.8% |
| Advances received on contracts in progress | 46 | €2,904 | €0 | -€2,904 | -100% |
| Taxes, remuneration and social security | 45 | €124 | €65,574 | +€65,450 | +52,808% |
| Taxes | 450/3 | €124 | €65,574 | +€65,450 | +52,808% |
| Other amounts payable | 47/48 | €10,675 | €0 | -€10,675 | -100% |
| Non-recurring operating income | 76A | €12,536 | €0 | -€12,536 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,445 | €23,536 | +€7,092 | +43.1% |
| Other operating charges | 640/8 | €6,140 | €3,931 | -€2,210 | -36.0% |
| Non-recurring operating charges | 66A | €910 | €0 | -€910 | -100% |
| Gross operating margin | 9900 | €4,724 | €250,242 | +€245,518 | +5,197% |
| Operating profit (loss) | 9901 | -€18,770 | €222,775 | +€241,545 | |
| Financial income | 75/76B | €772 | €1,236 | +€464 | +60.2% |
| Recurring financial income | 75 | €772 | €1,236 | +€464 | +60.2% |
| Financial charges | 65/66B | €1,086 | €553 | -€533 | -49.1% |
| Recurring financial charges | 65 | €1,086 | €553 | -€533 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,085 | €223,458 | +€242,543 | |
| Transfer from deferred taxes | 780 | €3,782 | €0 | -€3,782 | -100% |
| Income taxes | 67/77 | €283 | €61,521 | +€61,238 | +21,627% |
| Profit (loss) for the period | 9904 | -€15,586 | €161,937 | +€177,523 | |
| Transfer from tax-exempt reserves | 789 | €11,346 | €0 | -€11,346 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,239 | €161,937 | +€166,177 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.