VANOVERBEKE: 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.
VANOVERBEKE
Largest movements
- Financial fixed assets +€151,250
up €151,250 (+244069.7%), from €62 to €151,312
- Tangible fixed assets -€36,407
down €36,407 (-70.0%), from €52,022 to €15,615
of which Furniture and vehicles: -€36,471
- Receivables within one year +€25,382
up €25,382 (+6.6%), from €385,034 to €410,416
of which Trade receivables: +€32,039
- Stocks and contracts -€19,504
down €19,504 (-5.7%), from €340,760 to €321,257
- Cash +€16,673
up €16,673 (+8.6%), from €194,709 to €211,382
mainly Trade debts (+€85,590) and Net result for the year (+€60,793)
- Trade debts +€85,590
up €85,590 (+1256.6%), from €6,811 to €92,401
- Reserves +€60,793
up €60,793 (+6.9%), from €877,492 to €938,284
of which Non-distributable reserves: +€151,250
- Other debts -€17,706
down €17,706 (-93.7%), from €18,902 to €1,196
- Depreciation -€10,442
down €10,442 (-54.0%), from €19,338 to €8,895
- Gross operating margin +€9,999
up €9,999 (+6.1%), from €162,916 to €172,916
- Taxes +€8,439
up €8,439 (+62.5%), from €13,502 to €21,941
- Financial charges -€1,758
down €1,758 (-28.9%), from €6,079 to €4,321
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.
Cash bridge derived
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 | €972,588 | €1,109,982 | +€137,395 | +14.1% |
| Fixed assets | 21/28 | €52,084 | €166,927 | +€114,843 | +220.5% |
| Tangible fixed assets | 22/27 | €52,022 | €15,615 | -€36,407 | -70.0% |
| Plant, machinery and equipment | 23 | €15,551 | €15,615 | +€65 | +0.4% |
| Furniture and vehicles | 24 | €36,471 | - | -€36,471 | |
| Financial fixed assets | 28 | €62 | €151,312 | +€151,250 | +244069.7% |
| Current assets | 29/58 | €920,504 | €943,055 | +€22,551 | +2.4% |
| Stocks and contracts in progress | 3 | €340,760 | €321,257 | -€19,504 | -5.7% |
| Stocks | 30/36 | €340,760 | €321,257 | -€19,504 | -5.7% |
| Amounts receivable within one year | 40/41 | €385,034 | €410,416 | +€25,382 | +6.6% |
| Trade receivables | 40 | €375,405 | €407,444 | +€32,039 | +8.5% |
| Other amounts receivable | 41 | €9,629 | €2,973 | -€6,657 | -69.1% |
| Cash at bank and in hand | 54/58 | €194,709 | €211,382 | +€16,673 | +8.6% |
| Total equity and liabilities | 10/49 | €972,588 | €1,109,982 | +€137,395 | +14.1% |
| Equity | 10/15 | €917,492 | €978,284 | +€60,793 | +6.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €877,492 | €938,284 | +€60,793 | +6.9% |
| Non-distributable reserves | 130/1 | - | €151,250 | +€151,250 | |
| Reserves not available under the articles | 1311 | - | €151,250 | +€151,250 | |
| Tax-exempt reserves | 132 | €59,744 | €59,744 | = | 0.0% |
| Distributable reserves | 133 | €817,748 | €727,290 | -€90,457 | -11.1% |
| Amounts payable | 17/49 | €55,096 | €131,698 | +€76,602 | +139.0% |
| Amounts payable within one year | 42/48 | €53,900 | €131,698 | +€77,798 | +144.3% |
| Trade debts | 44 | €6,811 | €92,401 | +€85,590 | +1256.6% |
| Suppliers | 440/4 | €6,811 | €92,401 | +€85,590 | +1256.6% |
| Taxes, remuneration and social security | 45 | €28,187 | €38,101 | +€9,914 | +35.2% |
| Taxes | 450/3 | €20,180 | €30,296 | +€10,116 | +50.1% |
| Remuneration and social security | 454/9 | €8,007 | €7,805 | -€202 | -2.5% |
| Other amounts payable | 47/48 | €18,902 | €1,196 | -€17,706 | -93.7% |
| Accrued charges and deferred income | 492/3 | €1,196 | - | -€1,196 | |
| Remuneration, social security and pensions | 62 | €75,150 | €73,556 | -€1,594 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,338 | €8,895 | -€10,442 | -54.0% |
| Other operating charges | 640/8 | €2,754 | €1,847 | -€907 | -32.9% |
| Non-recurring operating charges | 66A | - | €6,101 | +€6,101 | |
| Gross operating margin | 9900 | €162,916 | €172,916 | +€9,999 | +6.1% |
| Operating profit (loss) | 9901 | €65,674 | €82,516 | +€16,842 | +25.6% |
| Financial income | 75/76B | €3,791 | €4,539 | +€747 | +19.7% |
| Recurring financial income | 75 | €3,791 | €4,539 | +€747 | +19.7% |
| Financial charges | 65/66B | €6,079 | €4,321 | -€1,758 | -28.9% |
| Recurring financial charges | 65 | €6,079 | €4,321 | -€1,758 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €63,387 | €82,734 | +€19,347 | +30.5% |
| Income taxes | 67/77 | €13,502 | €21,941 | +€8,439 | +62.5% |
| Profit (loss) for the period | 9904 | €49,885 | €60,793 | +€10,908 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,885 | €60,793 | +€10,908 | +21.9% |
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 9 October 2026 via checked.be.