Vic Van den Bergh: 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.
Vic Van den Bergh
Largest movements
- Current investments -€350,000
down €350,000 (-100%), from €350,000 to €0
- Tangible fixed assets -€306,836
down €306,836 (-26.1%), from €1.2m to €867,356
- Cash +€189,359
up €189,359 (+367%), from €51,590 to €240,949
mainly Current investments (+€350,000) and Depreciation (+€175,383)
- Deferred charges and accrued income -€113,822
down €113,822 (-96.6%), from €117,787 to €3,965
- Receivables within one year -€48,383
down €48,383 (-88.6%), from €54,580 to €6,197
of which Other amounts receivable: -€41,788
- Reserves -€590,918
down €590,918 (-43.3%), from €1.4m to €774,127
- Other debts +€110,721
up €110,721 (+445%), from €24,900 to €135,622
- Debts after one year -€80,705
down €80,705 (-100%), from €80,705 to €0
- Current portion of long-term debt -€46,831
down €46,831 (-100%), from €46,831 to €0
- Short-term financial debts -€25,492
down €25,492 (-100%), from €25,492 to €0
- Gross operating margin -€620,253
down €620,253 (-88.3%), from €702,184 to €81,931
- Taxes -€136,594
down €136,594 (-87.4%), from €156,269 to €19,675
- Depreciation +€57,774
up €57,774 (+49.1%), from €117,609 to €175,383
- Other operating charges +€21,611
up €21,611 (+321%), from €6,736 to €28,347
- Financial charges +€7,101
up €7,101 (+77.5%), from €9,167 to €16,268
of which Non-recurring financial charges: +€10,453
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 | €1,749,549 | €1,118,467 | -€631,082 | -36.1% |
| Fixed assets | 21/28 | €1,175,592 | €867,356 | -€308,236 | -26.2% |
| Tangible fixed assets | 22/27 | €1,174,192 | €867,356 | -€306,836 | -26.1% |
| Land and buildings | 22 | €929,633 | €867,356 | -€62,277 | -6.7% |
| Plant, machinery and equipment | 23 | €1,872 | €0 | -€1,872 | -100% |
| Furniture and vehicles | 24 | €145,840 | €0 | -€145,840 | -100% |
| Other tangible fixed assets | 26 | €96,848 | €0 | -€96,848 | -100% |
| Financial fixed assets | 28 | €1,400 | €0 | -€1,400 | -100% |
| Current assets | 29/58 | €573,957 | €251,111 | -€322,846 | -56.2% |
| Amounts receivable within one year | 40/41 | €54,580 | €6,197 | -€48,383 | -88.6% |
| Trade receivables | 40 | €7,237 | €642 | -€6,595 | -91.1% |
| Other amounts receivable | 41 | €47,343 | €5,555 | -€41,788 | -88.3% |
| Current investments | 50/53 | €350,000 | €0 | -€350,000 | -100% |
| Cash at bank and in hand | 54/58 | €51,590 | €240,949 | +€189,359 | +367% |
| Deferred charges and accrued income | 490/1 | €117,787 | €3,965 | -€113,822 | -96.6% |
| Total equity and liabilities | 10/49 | €1,749,549 | €1,118,467 | -€631,082 | -36.1% |
| Equity | 10/15 | €1,565,045 | €974,127 | -€590,918 | -37.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,365,045 | €774,127 | -€590,918 | -43.3% |
| Distributable reserves | 133 | €1,365,045 | €774,127 | -€590,918 | -43.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €184,503 | €144,340 | -€40,164 | -21.8% |
| Amounts payable after more than one year | 17 | €80,705 | €0 | -€80,705 | -100% |
| Financial debts | 170/4 | €80,705 | €0 | -€80,705 | -100% |
| Amounts payable within one year | 42/48 | €101,975 | €140,336 | +€38,361 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €46,831 | €0 | -€46,831 | -100% |
| Financial debts | 43 | €25,492 | €0 | -€25,492 | -100% |
| Credit institutions | 430/8 | €25,492 | €0 | -€25,492 | -100% |
| Trade debts | 44 | €237 | €4,715 | +€4,478 | +1,889% |
| Suppliers | 440/4 | €237 | €4,715 | +€4,478 | +1,889% |
| Taxes, remuneration and social security | 45 | €4,514 | €0 | -€4,514 | -100% |
| Taxes | 450/3 | €4,514 | €0 | -€4,514 | -100% |
| Other amounts payable | 47/48 | €24,900 | €135,622 | +€110,721 | +445% |
| Accrued charges and deferred income | 492/3 | €1,823 | €4,003 | +€2,180 | +120% |
| Non-recurring operating income | 76A | €371,707 | €0 | -€371,707 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,609 | €175,383 | +€57,774 | +49.1% |
| Other operating charges | 640/8 | €6,736 | €28,347 | +€21,611 | +321% |
| Gross operating margin | 9900 | €702,184 | €81,931 | -€620,253 | -88.3% |
| Operating profit (loss) | 9901 | €577,839 | -€121,799 | -€699,638 | |
| Financial income | 75/76B | €4,461 | €6,613 | +€2,152 | +48.2% |
| Recurring financial income | 75 | €4,461 | €6,613 | +€2,152 | +48.2% |
| Financial charges | 65/66B | €9,167 | €16,268 | +€7,101 | +77.5% |
| Recurring financial charges | 65 | €9,167 | €5,816 | -€3,351 | -36.6% |
| Non-recurring financial charges | 66B | - | €10,453 | +€10,453 | |
| Profit (loss) for the period before taxes | 9903 | €573,134 | -€131,454 | -€704,588 | |
| Income taxes | 67/77 | €156,269 | €19,675 | -€136,594 | -87.4% |
| Profit (loss) for the period | 9904 | €416,864 | -€151,129 | -€567,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €416,864 | -€151,129 | -€567,994 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.