VN Bastogne: 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.
VN Bastogne
Largest movements
- Stocks and contracts -€46,929
down €46,929 (-27.9%), from €168,317 to €121,388
- Receivables within one year -€20,459
down €20,459 (-20.3%), from €100,823 to €80,363
- Current portion of long-term debt -€20,586
down €20,586 (-76.3%), from €26,964 to €6,378
- Profit (loss) carried forward -€16,602
down €16,602 (-19.9%), from -€83,264 to -€99,866
- Tax, wage and social debts -€15,840
down €15,840 (-27.1%), from €58,458 to €42,618
of which Remuneration and social security: -€16,084
- Trade debts -€10,608
down €10,608 (-7.0%), from €152,078 to €141,471
- Debts after one year -€6,378
down €6,378 (-100%), from €6,378 to €0
- Staff costs -€24,471
down €24,471 (-13.1%), from €187,309 to €162,837
- Write-downs -€23,990
down €23,990 (-3,417%), from -€702 to -€24,692
- Gross operating margin -€20,521
down €20,521 (-13.8%), from €148,355 to €127,834
- Depreciation -€4,252
down €4,252 (-70.8%), from €6,010 to €1,758
- Financial income +€3,434
up €3,434 (+38.5%), from €8,922 to €12,356
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 | €298,500 | €231,431 | -€67,069 | -22.5% |
| Fixed assets | 21/28 | €3,912 | €2,154 | -€1,758 | -44.9% |
| Tangible fixed assets | 22/27 | €3,669 | €1,911 | -€1,758 | -47.9% |
| Plant, machinery and equipment | 23 | €2,113 | €1,186 | -€927 | -43.9% |
| Furniture and vehicles | 24 | €1,199 | €725 | -€474 | -39.5% |
| Other tangible fixed assets | 26 | €356 | €0 | -€356 | -100% |
| Financial fixed assets | 28 | €243 | €243 | = | 0.0% |
| Current assets | 29/58 | €294,588 | €229,277 | -€65,312 | -22.2% |
| Stocks and contracts in progress | 3 | €168,317 | €121,388 | -€46,929 | -27.9% |
| Stocks | 30/36 | €168,317 | €121,388 | -€46,929 | -27.9% |
| Amounts receivable within one year | 40/41 | €100,823 | €80,363 | -€20,459 | -20.3% |
| Trade receivables | 40 | €100,823 | €80,363 | -€20,459 | -20.3% |
| Cash at bank and in hand | 54/58 | €24,605 | €26,636 | +€2,031 | +8.3% |
| Deferred charges and accrued income | 490/1 | €844 | €890 | +€46 | +5.4% |
| Total equity and liabilities | 10/49 | €298,500 | €231,431 | -€67,069 | -22.5% |
| Equity | 10/15 | €4,736 | -€11,866 | -€16,602 | |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,264 | -€99,866 | -€16,602 | -19.9% |
| Amounts payable | 17/49 | €293,764 | €243,297 | -€50,467 | -17.2% |
| Amounts payable after more than one year | 17 | €6,378 | €0 | -€6,378 | -100% |
| Financial debts | 170/4 | €6,378 | €0 | -€6,378 | -100% |
| Amounts payable within one year | 42/48 | €287,387 | €243,297 | -€44,090 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €26,964 | €6,378 | -€20,586 | -76.3% |
| Trade debts | 44 | €152,078 | €141,471 | -€10,608 | -7.0% |
| Suppliers | 440/4 | €152,078 | €141,471 | -€10,608 | -7.0% |
| Taxes, remuneration and social security | 45 | €58,458 | €42,618 | -€15,840 | -27.1% |
| Taxes | 450/3 | €20,457 | €20,702 | +€245 | +1.2% |
| Remuneration and social security | 454/9 | €38,000 | €21,916 | -€16,084 | -42.3% |
| Other amounts payable | 47/48 | €49,887 | €52,832 | +€2,944 | +5.9% |
| Remuneration, social security and pensions | 62 | €187,309 | €162,837 | -€24,471 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,010 | €1,758 | -€4,252 | -70.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€702 | -€24,692 | -€23,990 | -3,417% |
| Other operating charges | 640/8 | €14,932 | €12,558 | -€2,374 | -15.9% |
| Gross operating margin | 9900 | €148,355 | €127,834 | -€20,521 | -13.8% |
| Operating profit (loss) | 9901 | -€59,193 | -€24,626 | +€34,567 | +58.4% |
| Financial income | 75/76B | €8,922 | €12,356 | +€3,434 | +38.5% |
| Recurring financial income | 75 | €8,922 | €12,356 | +€3,434 | +38.5% |
| Financial charges | 65/66B | €4,935 | €4,332 | -€603 | -12.2% |
| Recurring financial charges | 65 | €4,935 | €4,332 | -€603 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,207 | -€16,602 | +€38,605 | +69.9% |
| Profit (loss) for the period | 9904 | -€55,207 | -€16,602 | +€38,605 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,207 | -€16,602 | +€38,605 | +69.9% |
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 28 October 2026 via checked.be.