VANOVERVELT: 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.
VANOVERVELT
Largest movements
- Cash +€89,613
up €89,613 (+352.1%), from €25,454 to €115,067
mainly Net result for the year (+€78,536) and Advances received (+€48,391)
- Receivables within one year +€42,099
up €42,099 (+167.3%), from €25,159 to €67,258
of which Trade receivables: +€36,975
- Tangible fixed assets -€4,591
down €4,591 (-30.1%), from €15,246 to €10,655
of which Furniture and vehicles: -€3,280
- Stocks and contracts -€3,645
down €3,645 (-7.3%), from €50,120 to €46,475
of which Stocks: -€3,645
- Advances received +€48,391
new in 2025: €48,391
- Profit (loss) carried forward +€47,310
up €47,310, from -€47,310 to €0
- Reserves +€31,226
up €31,226 (+65.3%), from €47,791 to €79,017
of which Distributable reserves: +€31,226
- Debts after one year -€5,933
down €5,933 (-19.8%), from €29,944 to €24,011
of which Other amounts payable: -€3,347
- Trade debts +€4,056
up €4,056 (+142.4%), from €2,849 to €6,905
- Gross operating margin +€73,607
up €73,607 (+63.5%), from €115,935 to €189,543
- Staff costs -€7,781
down €7,781 (-7.0%), from €111,009 to €103,228
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 | €116,114 | €239,590 | +€123,476 | +106.3% |
| Fixed assets | 21/28 | €15,381 | €10,790 | -€4,591 | -29.8% |
| Tangible fixed assets | 22/27 | €15,246 | €10,655 | -€4,591 | -30.1% |
| Land and buildings | 22 | €2,082 | €1,849 | -€233 | -11.2% |
| Plant, machinery and equipment | 23 | €1,871 | €794 | -€1,078 | -57.6% |
| Furniture and vehicles | 24 | €11,293 | €8,013 | -€3,280 | -29.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €100,733 | €228,800 | +€128,067 | +127.1% |
| Stocks and contracts in progress | 3 | €50,120 | €46,475 | -€3,645 | -7.3% |
| Stocks | 30/36 | €30,120 | €26,475 | -€3,645 | -12.1% |
| Contracts in progress | 37 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,159 | €67,258 | +€42,099 | +167.3% |
| Trade receivables | 40 | €25,159 | €62,134 | +€36,975 | +147.0% |
| Other amounts receivable | 41 | €0 | €5,124 | +€5,124 | |
| Cash at bank and in hand | 54/58 | €25,454 | €115,067 | +€89,613 | +352.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €116,114 | €239,590 | +€123,476 | +106.3% |
| Equity | 10/15 | €74,849 | €153,385 | +€78,536 | +104.9% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €47,791 | €79,017 | +€31,226 | +65.3% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,907 | €5,907 | = | 0.0% |
| Distributable reserves | 133 | €34,447 | €65,673 | +€31,226 | +90.6% |
| Profit (loss) carried forward | 14 | -€47,310 | €0 | +€47,310 | |
| Amounts payable | 17/49 | €41,265 | €86,205 | +€44,940 | +108.9% |
| Amounts payable after more than one year | 17 | €29,944 | €24,011 | -€5,933 | -19.8% |
| Financial debts | 170/4 | €2,586 | €0 | -€2,586 | -100.0% |
| Other amounts payable | 178/9 | €27,359 | €24,011 | -€3,347 | -12.2% |
| Amounts payable within one year | 42/48 | €10,946 | €61,819 | +€50,873 | +464.8% |
| Current portion of amounts payable after more than one year | 42 | €5,005 | €2,586 | -€2,419 | -48.3% |
| Trade debts | 44 | €2,849 | €6,905 | +€4,056 | +142.4% |
| Suppliers | 440/4 | €2,849 | €6,905 | +€4,056 | +142.4% |
| Advances received on contracts in progress | 46 | - | €48,391 | +€48,391 | |
| Taxes, remuneration and social security | 45 | €3,092 | €3,937 | +€845 | +27.3% |
| Taxes | 450/3 | €786 | €657 | -€129 | -16.4% |
| Remuneration and social security | 454/9 | €2,306 | €3,280 | +€974 | +42.2% |
| Accrued charges and deferred income | 492/3 | €375 | €375 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €37,000 | +€37,000 | |
| Remuneration, social security and pensions | 62 | €111,009 | €103,228 | -€7,781 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,733 | €4,591 | -€142 | -3.0% |
| Other operating charges | 640/8 | €1,203 | €2,157 | +€953 | +79.2% |
| Gross operating margin | 9900 | €115,935 | €189,543 | +€73,607 | +63.5% |
| Operating profit (loss) | 9901 | -€1,010 | €79,567 | +€80,577 | |
| Financial income | 75/76B | €293 | €468 | +€175 | +59.6% |
| Recurring financial income | 75 | €293 | €468 | +€175 | +59.6% |
| Financial charges | 65/66B | €897 | €950 | +€53 | +5.9% |
| Recurring financial charges | 65 | €897 | €950 | +€53 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,614 | €79,086 | +€80,700 | |
| Income taxes | 67/77 | €520 | €550 | +€30 | +5.8% |
| Profit (loss) for the period | 9904 | -€2,134 | €78,536 | +€80,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,134 | €78,536 | +€80,670 |
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.