VanOudel: what changed
What changed
VanOudel
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€672,996
2024 · €559,374+€113,622
Equity
€1.4m
2024 · €759,374+€672,996
Cash
€353,093
2024 · €229,053+€124,041
Balance sheet total
€6.4m
2024 · €2.9m+€3.5m
Largest movements
Assets
- Tangible fixed assets +€3.2m
up €3.2m (+2,780%), from €114,640 to €3.3m
- Current investments -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Financial fixed assets +€1.1m
up €1.1m (+9,859%), from €11,580 to €1.2m
- Receivables within one year +€324,845
up €324,845 (+103%), from €313,883 to €638,727
of which Trade receivables: +€239,779
- Stocks and contracts +€157,860
up €157,860 (+18.7%), from €842,798 to €1.0m
Equity and liabilities
- Debts after one year +€2.3m
new in 2025: €2.3m
- Reserves +€700,000
up €700,000 (+140%), from €500,000 to €1.2m
- Trade debts +€482,961
up €482,961 (+33.3%), from €1.5m to €1.9m
- Current portion of long-term debt +€229,853
new in 2025: €229,853
- Tax, wage and social debts -€213,784
down €213,784 (-30.2%), from €708,343 to €494,559
of which Remuneration and social security: -€177,280
Income statement
- Staff costs -€349,064
down €349,064 (-16.4%), from €2.1m to €1.8m
- Depreciation +€330,211
up €330,211 (+1,549%), from €21,311 to €351,523
- Gross operating margin +€95,383
up €95,383 (+3.3%), from €2.9m to €3.0m
- Taxes -€70,625
down €70,625 (-37.3%), from €189,184 to €118,559
- Financial charges +€43,766
up €43,766 (+352%), from €12,425 to €56,190
of which Financial charges: +€39,721
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€559,374
Gross operating margin
+€95,383
Staff costs
+€349,064
Depreciation
-€330,211
Other operating charges
-€23,583
Financial income
-€3,890
Financial charges
-€43,766
Taxes
+€70,625
Result 2025
€672,996
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€879,875
Investment
-€3.3m
Financing
+€2.5m
Cash 2024
€229,053
From operations (derived)
+€879,875
Net result for the year
+€672,996
Depreciation
+€351,523
Stocks and contracts
-€157,860
Receivables within one year
-€324,845
Smaller working-capital items
+€8,114
Trade debts
+€482,961
Tax, wage and social debts
-€213,784
Advances received
+€60,770
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€4.7m
Current investments
+€1.4m
Financing
+€2.5m
Debts after one year
+€2.3m
Current portion of long-term debt
+€229,853
Cash 2025
€353,093
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,921,587 | €6,448,737 | +€3.5m | +121% |
| Fixed assets | 21/28 | €126,220 | €4,455,371 | +€4.3m | +3,430% |
| Tangible fixed assets | 22/27 | €114,640 | €3,302,124 | +€3.2m | +2,780% |
| Plant, machinery and equipment | 23 | €92,973 | €1,302,218 | +€1.2m | +1,301% |
| Furniture and vehicles | 24 | €21,667 | €424,855 | +€403,189 | +1,861% |
| Other tangible fixed assets | 26 | - | €1,575,051 | +€1.6m | |
| Financial fixed assets | 28 | €11,580 | €1,153,247 | +€1.1m | +9,859% |
| Current assets | 29/58 | €2,795,367 | €1,993,366 | -€802,001 | -28.7% |
| Stocks and contracts in progress | 3 | €842,798 | €1,000,658 | +€157,860 | +18.7% |
| Stocks | 30/36 | €842,798 | €1,000,658 | +€157,860 | +18.7% |
| Amounts receivable within one year | 40/41 | €313,883 | €638,727 | +€324,845 | +103% |
| Trade receivables | 40 | €138,148 | €377,927 | +€239,779 | +174% |
| Other amounts receivable | 41 | €175,735 | €260,800 | +€85,066 | +48.4% |
| Current investments | 50/53 | €1,400,000 | €0 | -€1.4m | -100% |
| Cash at bank and in hand | 54/58 | €229,053 | €353,093 | +€124,041 | +54.2% |
| Deferred charges and accrued income | 490/1 | €9,634 | €888 | -€8,746 | -90.8% |
| Total equity and liabilities | 10/49 | €2,921,587 | €6,448,737 | +€3.5m | +121% |
| Equity | 10/15 | €759,374 | €1,432,370 | +€672,996 | +88.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €500,000 | €1,200,000 | +€700,000 | +140% |
| Distributable reserves | 133 | €500,000 | €1,200,000 | +€700,000 | +140% |
| Profit (loss) carried forward | 14 | €59,374 | €32,370 | -€27,004 | -45.5% |
| Amounts payable | 17/49 | €2,162,213 | €5,016,367 | +€2.9m | +132% |
| Amounts payable after more than one year | 17 | - | €2,294,987 | +€2.3m | |
| Financial debts | 170/4 | - | €2,294,987 | +€2.3m | |
| Amounts payable within one year | 42/48 | €2,158,915 | €2,718,715 | +€559,799 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | - | €229,853 | +€229,853 | |
| Trade debts | 44 | €1,450,572 | €1,933,532 | +€482,961 | +33.3% |
| Suppliers | 440/4 | €1,450,572 | €1,933,532 | +€482,961 | +33.3% |
| Advances received on contracts in progress | 46 | - | €60,770 | +€60,770 | |
| Taxes, remuneration and social security | 45 | €708,343 | €494,559 | -€213,784 | -30.2% |
| Taxes | 450/3 | €258,017 | €221,513 | -€36,505 | -14.1% |
| Remuneration and social security | 454/9 | €450,326 | €273,046 | -€177,280 | -39.4% |
| Accrued charges and deferred income | 492/3 | €3,298 | €2,665 | -€633 | -19.2% |
| Non-recurring operating income | 76A | €130 | €334 | +€204 | +157% |
| Remuneration, social security and pensions | 62 | €2,127,294 | €1,778,230 | -€349,064 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,311 | €351,523 | +€330,211 | +1,549% |
| Other operating charges | 640/8 | €2,533 | €26,116 | +€23,583 | +931% |
| Gross operating margin | 9900 | €2,889,350 | €2,984,733 | +€95,383 | +3.3% |
| Operating profit (loss) | 9901 | €738,211 | €828,864 | +€90,653 | +12.3% |
| Financial income | 75/76B | €22,771 | €18,881 | -€3,890 | -17.1% |
| Recurring financial income | 75 | €22,771 | €18,881 | -€3,890 | -17.1% |
| Financial charges | 65/66B | €12,425 | €56,190 | +€43,766 | +352% |
| Recurring financial charges | 65 | €12,425 | €52,145 | +€39,721 | +320% |
| Non-recurring financial charges | 66B | - | €4,045 | +€4,045 | |
| Profit (loss) for the period before taxes | 9903 | €748,558 | €791,555 | +€42,997 | +5.7% |
| Income taxes | 67/77 | €189,184 | €118,559 | -€70,625 | -37.3% |
| Profit (loss) for the period | 9904 | €559,374 | €672,996 | +€113,622 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €559,374 | €672,996 | +€113,622 | +20.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.