A. VANDECASTEELE ZEILMAKERIJ: what changed
What changed
A. VANDECASTEELE ZEILMAKERIJ
NACE 13.929, Manufacture of textiles
filed annual accounts (NBB)
Net result for the year
€33,898
2024 · €27,591+€6,308
Equity
€513,718
2024 · €482,320+€31,398
Cash
€310,021
2024 · €382,052-€72,030
Balance sheet total
€1.5m
2024 · €1.5m-€27,631
Largest movements
Assets
- Cash -€72,030
down €72,030 (-18.9%), from €382,052 to €310,021
mainly Investment in fixed assets (net) (-€77,759) and Debts after one year (-€71,782)
- Stocks and contracts +€32,598
up €32,598 (+52.5%), from €62,067 to €94,665
- Tangible fixed assets +€16,329
up €16,329 (+1.8%), from €905,909 to €922,238
of which Plant, machinery and equipment: +€41,846
Equity and liabilities
- Debts after one year -€71,782
down €71,782 (-14.5%), from €496,673 to €424,891
- Reserves +€31,398
up €31,398 (+7.5%), from €419,820 to €451,218
of which Distributable reserves: +€31,398
- Trade debts +€18,135
up €18,135 (+38.2%), from €47,521 to €65,655
Income statement
- Gross operating margin +€25,675
up €25,675 (+9.7%), from €265,924 to €291,599
- Staff costs +€15,605
up €15,605 (+12.6%), from €124,070 to €139,675
- Depreciation -€11,336
down €11,336 (-15.6%), from €72,766 to €61,430
- Financial charges +€9,060
up €9,060 (+34.6%), from €26,174 to €35,234
- Taxes +€4,938
up €4,938 (+62.9%), from €7,846 to €12,784
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
€27,591
Gross operating margin
+€25,675
Staff costs
-€15,605
Depreciation
+€11,336
Other operating charges
-€1,167
Financial income
+€67
Financial charges
-€9,060
Taxes
-€4,938
Result 2025
€33,898
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
+€79,765
Investment
-€77,759
Financing
-€74,036
Cash 2024
€382,052
From operations (derived)
+€79,765
Net result for the year
+€33,898
Depreciation
+€61,430
Stocks and contracts
-€32,598
Receivables within one year
+€2,116
Deferred charges and accrued income
+€2,412
Trade debts
+€18,135
Tax, wage and social debts
+€1,251
Other debts
+€681
Accrued charges and deferred income
-€7,560
Investment (derived)
-€77,759
Investment in fixed assets (net)
-€77,759
Financing
-€74,036
Debts after one year
-€71,782
Current portion of long-term debt
+€246
Contributions, distributions and other
-€2,500
Cash 2025
€310,021
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,492,765 | €1,465,134 | -€27,631 | -1.9% |
| Fixed assets | 21/28 | €906,194 | €922,523 | +€16,329 | +1.8% |
| Tangible fixed assets | 22/27 | €905,909 | €922,238 | +€16,329 | +1.8% |
| Land and buildings | 22 | €848,008 | €823,366 | -€24,642 | -2.9% |
| Plant, machinery and equipment | 23 | €45,167 | €87,013 | +€41,846 | +92.6% |
| Furniture and vehicles | 24 | €12,276 | €8,153 | -€4,123 | -33.6% |
| Other tangible fixed assets | 26 | €457 | €3,706 | +€3,249 | +710% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €586,571 | €542,611 | -€43,960 | -7.5% |
| Stocks and contracts in progress | 3 | €62,067 | €94,665 | +€32,598 | +52.5% |
| Stocks | 30/36 | €62,067 | €94,665 | +€32,598 | +52.5% |
| Amounts receivable within one year | 40/41 | €137,339 | €135,224 | -€2,116 | -1.5% |
| Trade receivables | 40 | €118,115 | €120,819 | +€2,704 | +2.3% |
| Other amounts receivable | 41 | €19,224 | €14,405 | -€4,819 | -25.1% |
| Cash at bank and in hand | 54/58 | €382,052 | €310,021 | -€72,030 | -18.9% |
| Deferred charges and accrued income | 490/1 | €5,113 | €2,701 | -€2,412 | -47.2% |
| Total equity and liabilities | 10/49 | €1,492,765 | €1,465,134 | -€27,631 | -1.9% |
| Equity | 10/15 | €482,320 | €513,718 | +€31,398 | +6.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €419,820 | €451,218 | +€31,398 | +7.5% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €413,570 | €444,968 | +€31,398 | +7.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,010,445 | €951,416 | -€59,029 | -5.8% |
| Amounts payable after more than one year | 17 | €496,673 | €424,891 | -€71,782 | -14.5% |
| Financial debts | 170/4 | €496,673 | €424,891 | -€71,782 | -14.5% |
| Amounts payable within one year | 42/48 | €505,761 | €526,074 | +€20,313 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €71,536 | €71,782 | +€246 | +0.3% |
| Trade debts | 44 | €47,521 | €65,655 | +€18,135 | +38.2% |
| Suppliers | 440/4 | €47,521 | €65,655 | +€18,135 | +38.2% |
| Taxes, remuneration and social security | 45 | €48,987 | €50,239 | +€1,251 | +2.6% |
| Taxes | 450/3 | €29,104 | €28,094 | -€1,010 | -3.5% |
| Remuneration and social security | 454/9 | €19,883 | €22,145 | +€2,261 | +11.4% |
| Other amounts payable | 47/48 | €337,717 | €338,398 | +€681 | +0.2% |
| Accrued charges and deferred income | 492/3 | €8,011 | €451 | -€7,560 | -94.4% |
| Remuneration, social security and pensions | 62 | €124,070 | €139,675 | +€15,605 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,766 | €61,430 | -€11,336 | -15.6% |
| Other operating charges | 640/8 | €7,477 | €8,645 | +€1,167 | +15.6% |
| Gross operating margin | 9900 | €265,924 | €291,599 | +€25,675 | +9.7% |
| Operating profit (loss) | 9901 | €61,610 | €81,849 | +€20,239 | +32.8% |
| Financial income | 75/76B | €0 | €68 | +€67 | +14,334% |
| Recurring financial income | 75 | €0 | €68 | +€67 | +14,334% |
| Financial charges | 65/66B | €26,174 | €35,234 | +€9,060 | +34.6% |
| Recurring financial charges | 65 | €26,174 | €35,234 | +€9,060 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €35,436 | €46,682 | +€11,246 | +31.7% |
| Income taxes | 67/77 | €7,846 | €12,784 | +€4,938 | +62.9% |
| Profit (loss) for the period | 9904 | €27,591 | €33,898 | +€6,308 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,591 | €33,898 | +€6,308 | +22.9% |
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.