VISHANDEL BOEL: 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.
VISHANDEL BOEL
Largest movements
- Tangible fixed assets -€24,640
down €24,640 (-67.0%), from €36,756 to €12,117
of which Furniture and vehicles: -€23,965
- Cash +€6,038
up €6,038 (+28.5%), from €21,184 to €27,222
mainly Other debts (+€30,657) and Depreciation (+€25,669)
- Receivables within one year +€2,408
up €2,408 (+22.1%), from €10,877 to €13,285
of which Trade receivables: +€1,834
- Deferred charges and accrued income +€973
up €973 (+73.5%), from €1,324 to €2,296
- Reserves -€30,795
down €30,795 (-26.3%), from €117,219 to €86,425
- Other debts +€30,657
up €30,657 (+22,304%), from €137 to €30,795
- Profit (loss) carried forward -€14,930
down €14,930 (-26.6%), from -€56,188 to -€71,117
- Depreciation -€9,481
down €9,481 (-27.0%), from €35,150 to €25,669
- Gross operating margin +€2,947
up €2,947 (+28.8%), from €10,250 to €13,198
- Staff costs +€455
up €455, from -€455 to €0
- Other operating charges +€424
up €424 (+31.0%), from €1,367 to €1,791
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 | €70,141 | €54,920 | -€15,221 | -21.7% |
| Fixed assets | 21/28 | €36,756 | €12,117 | -€24,640 | -67.0% |
| Tangible fixed assets | 22/27 | €36,756 | €12,117 | -€24,640 | -67.0% |
| Plant, machinery and equipment | 23 | €1,680 | €1,006 | -€674 | -40.1% |
| Furniture and vehicles | 24 | €35,076 | €11,111 | -€23,965 | -68.3% |
| Current assets | 29/58 | €33,385 | €42,803 | +€9,418 | +28.2% |
| Amounts receivable within one year | 40/41 | €10,877 | €13,285 | +€2,408 | +22.1% |
| Trade receivables | 40 | €3,269 | €5,102 | +€1,834 | +56.1% |
| Other amounts receivable | 41 | €7,609 | €8,183 | +€574 | +7.5% |
| Cash at bank and in hand | 54/58 | €21,184 | €27,222 | +€6,038 | +28.5% |
| Deferred charges and accrued income | 490/1 | €1,324 | €2,296 | +€973 | +73.5% |
| Total equity and liabilities | 10/49 | €70,141 | €54,920 | -€15,221 | -21.7% |
| Equity | 10/15 | €66,032 | €20,308 | -€45,724 | -69.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,219 | €86,425 | -€30,795 | -26.3% |
| Distributable reserves | 133 | €117,219 | €86,425 | -€30,795 | -26.3% |
| Profit (loss) carried forward | 14 | -€56,188 | -€71,117 | -€14,930 | -26.6% |
| Amounts payable | 17/49 | €4,110 | €34,612 | +€30,503 | +742% |
| Amounts payable within one year | 42/48 | €4,110 | €34,612 | +€30,503 | +742% |
| Trade debts | 44 | €1,728 | €1,388 | -€341 | -19.7% |
| Suppliers | 440/4 | €1,728 | €1,388 | -€341 | -19.7% |
| Taxes, remuneration and social security | 45 | €2,244 | €2,430 | +€186 | +8.3% |
| Taxes | 450/3 | €2,244 | €1,980 | -€264 | -11.7% |
| Remuneration and social security | 454/9 | €0 | €450 | +€450 | |
| Other amounts payable | 47/48 | €137 | €30,795 | +€30,657 | +22,304% |
| Remuneration, social security and pensions | 62 | -€455 | €0 | +€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,150 | €25,669 | -€9,481 | -27.0% |
| Other operating charges | 640/8 | €1,367 | €1,791 | +€424 | +31.0% |
| Gross operating margin | 9900 | €10,250 | €13,198 | +€2,947 | +28.8% |
| Operating profit (loss) | 9901 | -€25,812 | -€14,262 | +€11,550 | +44.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €327 | €290 | -€37 | -11.4% |
| Recurring financial charges | 65 | €327 | €290 | -€37 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,139 | -€14,552 | +€11,587 | +44.3% |
| Income taxes | 67/77 | €391 | €378 | -€13 | -3.4% |
| Profit (loss) for the period | 9904 | -€26,530 | -€14,930 | +€11,600 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,530 | -€14,930 | +€11,600 | +43.7% |
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 1 November 2026 via checked.be.