VANOVERTVELD: 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.
VANOVERTVELD
Largest movements
- Receivables within one year -€70,741
down €70,741 (-40.6%), from €174,435 to €103,694
of which Trade receivables: -€74,761
- Cash -€39,478
down €39,478 (-51.4%), from €76,775 to €37,297
mainly Net result for the year (-€88,196) and Investment in fixed assets (net) (-€28,044)
- Profit (loss) carried forward -€88,196
down €88,196 (-560%), from -€15,761 to -€103,958
- Trade debts -€18,367
down €18,367 (-78.8%), from €23,311 to €4,944
- Debts after one year -€5,603
no longer reported in 2025 (was €5,603)
- Financial charges +€46,381
up €46,381 (+19,818%), from €234 to €46,615
of which Non-recurring financial charges: +€46,494
- Depreciation +€5,149
up €5,149 (+23.1%), from €22,252 to €27,401
- Staff costs -€3,177
down €3,177 (-35.1%), from €9,062 to €5,885
- Gross operating margin +€2,621
up €2,621 (+140%), from €1,869 to €4,489
- Financial income +€744
up €744 (+57.4%), from €1,295 to €2,039
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 | €320,862 | €210,523 | -€110,338 | -34.4% |
| Fixed assets | 21/28 | €62,517 | €63,160 | +€643 | +1.0% |
| Tangible fixed assets | 22/27 | €62,517 | €63,160 | +€643 | +1.0% |
| Plant, machinery and equipment | 23 | €16,301 | €13,283 | -€3,018 | -18.5% |
| Furniture and vehicles | 24 | €37,110 | €46,322 | +€9,212 | +24.8% |
| Leasing and similar rights | 25 | €9,106 | €3,555 | -€5,551 | -61.0% |
| Current assets | 29/58 | €258,345 | €147,363 | -€110,981 | -43.0% |
| Stocks and contracts in progress | 3 | €5,742 | €5,250 | -€493 | -8.6% |
| Stocks | 30/36 | €5,742 | €5,250 | -€493 | -8.6% |
| Amounts receivable within one year | 40/41 | €174,435 | €103,694 | -€70,741 | -40.6% |
| Trade receivables | 40 | €127,122 | €52,361 | -€74,761 | -58.8% |
| Other amounts receivable | 41 | €47,312 | €51,333 | +€4,020 | +8.5% |
| Cash at bank and in hand | 54/58 | €76,775 | €37,297 | -€39,478 | -51.4% |
| Deferred charges and accrued income | 490/1 | €1,393 | €1,123 | -€270 | -19.4% |
| Total equity and liabilities | 10/49 | €320,862 | €210,523 | -€110,338 | -34.4% |
| Equity | 10/15 | €282,760 | €194,563 | -€88,196 | -31.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €279,929 | €279,929 | = | 0.0% |
| Distributable reserves | 133 | €279,929 | €279,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,761 | -€103,958 | -€88,196 | -560% |
| Amounts payable | 17/49 | €38,102 | €15,960 | -€22,142 | -58.1% |
| Amounts payable after more than one year | 17 | €5,603 | - | -€5,603 | |
| Financial debts | 170/4 | €5,603 | - | -€5,603 | |
| Amounts payable within one year | 42/48 | €32,499 | €15,960 | -€16,539 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €4,097 | €5,603 | +€1,506 | +36.8% |
| Trade debts | 44 | €23,311 | €4,944 | -€18,367 | -78.8% |
| Suppliers | 440/4 | €23,311 | €4,944 | -€18,367 | -78.8% |
| Taxes, remuneration and social security | 45 | €5,091 | €5,413 | +€322 | +6.3% |
| Taxes | 450/3 | €5,091 | €5,413 | +€322 | +6.3% |
| Remuneration, social security and pensions | 62 | €9,062 | €5,885 | -€3,177 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,252 | €27,401 | +€5,149 | +23.1% |
| Other operating charges | 640/8 | €1,068 | €696 | -€372 | -34.8% |
| Non-recurring operating charges | 66A | - | €13,599 | +€13,599 | |
| Gross operating margin | 9900 | €1,869 | €4,489 | +€2,621 | +140% |
| Operating profit (loss) | 9901 | -€30,512 | -€43,092 | -€12,579 | -41.2% |
| Financial income | 75/76B | €1,295 | €2,039 | +€744 | +57.4% |
| Recurring financial income | 75 | €1,295 | €2,039 | +€744 | +57.4% |
| Financial charges | 65/66B | €234 | €46,615 | +€46,381 | +19,818% |
| Recurring financial charges | 65 | €234 | €121 | -€113 | -48.3% |
| Non-recurring financial charges | 66B | - | €46,494 | +€46,494 | |
| Profit (loss) for the period before taxes | 9903 | -€29,451 | -€87,668 | -€58,216 | -198% |
| Income taxes | 67/77 | €383 | €529 | +€146 | +38.0% |
| Profit (loss) for the period | 9904 | -€29,834 | -€88,196 | -€58,362 | -196% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,834 | -€88,196 | -€58,362 | -196% |
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 13 October 2026 via checked.be.