Xavier Van Vlem: 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.
Xavier Van Vlem
Largest movements
- Current investments +€215,000
new in 2025: €215,000
- Receivables within one year +€162,119
up €162,119 (+89.4%), from €181,261 to €343,380
of which Trade receivables: +€163,055
- Cash -€115,261
down €115,261 (-44.5%), from €258,827 to €143,566
mainly Contributions, distributions and other (-€611,176) and Current investments (-€215,000)
- Other debts +€159,480
up €159,480 (+38.1%), from €418,278 to €577,758
- Tax, wage and social debts +€107,554
up €107,554 (+61.3%), from €175,394 to €282,948
- Gross operating margin +€144,218
up €144,218 (+21.5%), from €671,658 to €815,876
- Taxes +€39,169
up €39,169 (+23.8%), from €164,236 to €203,404
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 | €668,796 | €932,578 | +€263,782 | +39.4% |
| Fixed assets | 21/28 | €35,384 | €37,307 | +€1,923 | +5.4% |
| Tangible fixed assets | 22/27 | €35,384 | €37,307 | +€1,923 | +5.4% |
| Furniture and vehicles | 24 | €6,568 | €4,205 | -€2,363 | -36.0% |
| Other tangible fixed assets | 26 | €28,816 | €33,102 | +€4,287 | +14.9% |
| Current assets | 29/58 | €633,413 | €895,271 | +€261,859 | +41.3% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €181,261 | €343,380 | +€162,119 | +89.4% |
| Trade receivables | 40 | €180,144 | €343,198 | +€163,055 | +90.5% |
| Other amounts receivable | 41 | €1,117 | €182 | -€935 | -83.7% |
| Current investments | 50/53 | - | €215,000 | +€215,000 | |
| Cash at bank and in hand | 54/58 | €258,827 | €143,566 | -€115,261 | -44.5% |
| Deferred charges and accrued income | 490/1 | €3,325 | €3,325 | = | 0.0% |
| Total equity and liabilities | 10/49 | €668,796 | €932,578 | +€263,782 | +39.4% |
| Equity | 10/15 | €70,000 | €70,000 | = | 0.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €598,796 | €862,578 | +€263,782 | +44.1% |
| Amounts payable within one year | 42/48 | €598,796 | €862,578 | +€263,782 | +44.1% |
| Trade debts | 44 | €5,124 | €1,872 | -€3,251 | -63.5% |
| Suppliers | 440/4 | €5,124 | €1,872 | -€3,251 | -63.5% |
| Taxes, remuneration and social security | 45 | €175,394 | €282,948 | +€107,554 | +61.3% |
| Taxes | 450/3 | €175,394 | €282,948 | +€107,554 | +61.3% |
| Other amounts payable | 47/48 | €418,278 | €577,758 | +€159,480 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,240 | €7,229 | +€3,989 | +123% |
| Other operating charges | 640/8 | €2,423 | €934 | -€1,490 | -61.5% |
| Non-recurring operating charges | 66A | - | €401 | +€401 | |
| Gross operating margin | 9900 | €671,658 | €815,876 | +€144,218 | +21.5% |
| Operating profit (loss) | 9901 | €665,995 | €807,313 | +€141,318 | +21.2% |
| Financial income | 75/76B | €6,650 | €7,700 | +€1,050 | +15.8% |
| Recurring financial income | 75 | €6,650 | €7,700 | +€1,050 | +15.8% |
| Financial charges | 65/66B | €316 | €433 | +€117 | +37.0% |
| Recurring financial charges | 65 | €316 | €433 | +€117 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €672,329 | €814,580 | +€142,251 | +21.2% |
| Income taxes | 67/77 | €164,236 | €203,404 | +€39,169 | +23.8% |
| Profit (loss) for the period | 9904 | €508,093 | €611,176 | +€103,083 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €508,093 | €611,176 | +€103,083 | +20.3% |
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 18 October 2026 via checked.be.