DE VADDER - ASSELMAN: 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.
DE VADDER - ASSELMAN
Largest movements
- Tangible fixed assets -€49,043
down €49,043 (-5.5%), from €891,138 to €842,095
of which Land and buildings: -€29,312
- Cash +€10,758
up €10,758 (+26.1%), from €41,252 to €52,010
mainly Depreciation (+€72,152) and Net result for the year (+€14,272)
- Debts after one year -€42,351
down €42,351 (-10.6%), from €400,104 to €357,753
- Other debts +€14,036
new in 2025: €14,036
- Tax, wage and social debts -€9,545
down €9,545 (-44.9%), from €21,251 to €11,706
of which Taxes: -€9,482
- Financial income +€6,823
up €6,823 (+4,186%), from €163 to €6,986
of which Non-recurring financial income: +€5,631
- Depreciation +€6,637
up €6,637 (+10.1%), from €65,515 to €72,152
- Other operating charges +€4,054
up €4,054 (+22.4%), from €18,060 to €22,114
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 | €936,738 | €901,939 | -€34,799 | -3.7% |
| Fixed assets | 21/28 | €892,859 | €843,527 | -€49,332 | -5.5% |
| Intangible fixed assets | 21 | €289 | - | -€289 | |
| Tangible fixed assets | 22/27 | €891,138 | €842,095 | -€49,043 | -5.5% |
| Land and buildings | 22 | €763,348 | €734,036 | -€29,312 | -3.8% |
| Plant, machinery and equipment | 23 | €75,623 | €67,642 | -€7,981 | -10.6% |
| Furniture and vehicles | 24 | €52,167 | €40,417 | -€11,750 | -22.5% |
| Financial fixed assets | 28 | €1,432 | €1,432 | = | 0.0% |
| Current assets | 29/58 | €43,879 | €58,412 | +€14,533 | +33.1% |
| Amounts receivable within one year | 40/41 | €2,627 | €6,402 | +€3,775 | +144% |
| Trade receivables | 40 | - | €4,383 | +€4,383 | |
| Other amounts receivable | 41 | €2,627 | €2,019 | -€608 | -23.1% |
| Cash at bank and in hand | 54/58 | €41,252 | €52,010 | +€10,758 | +26.1% |
| Total equity and liabilities | 10/49 | €936,738 | €901,939 | -€34,799 | -3.7% |
| Equity | 10/15 | €457,304 | €456,802 | -€502 | -0.1% |
| Contributions | 10/11 | €39,992 | €39,992 | = | 0.0% |
| Reserves | 13 | €417,312 | €416,810 | -€502 | -0.1% |
| Distributable reserves | 133 | €417,312 | €416,810 | -€502 | -0.1% |
| Amounts payable | 17/49 | €479,434 | €445,137 | -€34,297 | -7.2% |
| Amounts payable after more than one year | 17 | €400,104 | €357,753 | -€42,351 | -10.6% |
| Financial debts | 170/4 | €400,104 | €357,753 | -€42,351 | -10.6% |
| Amounts payable within one year | 42/48 | €74,818 | €81,935 | +€7,117 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €47,435 | €45,351 | -€2,084 | -4.4% |
| Trade debts | 44 | €6,132 | €10,842 | +€4,710 | +76.8% |
| Suppliers | 440/4 | €6,132 | €10,842 | +€4,710 | +76.8% |
| Taxes, remuneration and social security | 45 | €21,251 | €11,706 | -€9,545 | -44.9% |
| Taxes | 450/3 | €17,481 | €7,999 | -€9,482 | -54.2% |
| Remuneration and social security | 454/9 | €3,770 | €3,707 | -€63 | -1.7% |
| Other amounts payable | 47/48 | - | €14,036 | +€14,036 | |
| Accrued charges and deferred income | 492/3 | €4,512 | €5,449 | +€937 | +20.8% |
| Remuneration, social security and pensions | 62 | €35,444 | €36,627 | +€1,183 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,515 | €72,152 | +€6,637 | +10.1% |
| Other operating charges | 640/8 | €18,060 | €22,114 | +€4,054 | +22.4% |
| Gross operating margin | 9900 | €158,866 | €160,129 | +€1,263 | +0.8% |
| Operating profit (loss) | 9901 | €39,847 | €29,236 | -€10,611 | -26.6% |
| Financial income | 75/76B | €163 | €6,986 | +€6,823 | +4,186% |
| Recurring financial income | 75 | €163 | €1,355 | +€1,192 | +731% |
| Non-recurring financial income | 76B | - | €5,631 | +€5,631 | |
| Financial charges | 65/66B | €15,438 | €16,774 | +€1,336 | +8.7% |
| Recurring financial charges | 65 | €15,438 | €16,774 | +€1,336 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €24,572 | €19,448 | -€5,124 | -20.9% |
| Income taxes | 67/77 | €5,464 | €5,176 | -€288 | -5.3% |
| Profit (loss) for the period | 9904 | €19,108 | €14,272 | -€4,836 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,108 | €14,272 | -€4,836 | -25.3% |
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 25 October 2026 via checked.be.