DICK & VANLAUWE: 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.
DICK & VANLAUWE
Largest movements
- Cash -€407,992
down €407,992 (-72.3%), from €564,168 to €156,176
mainly Investment in fixed assets (net) (-€382,600) and Current investments (-€349,999)
- Current investments +€349,999
new in 2025: €349,999
- Tangible fixed assets +€330,876
up €330,876 (+106%), from €312,174 to €643,050
of which Land and buildings: +€355,633
- Receivables within one year -€36,500
down €36,500 (-42.6%), from €85,613 to €49,113
of which Trade receivables: -€36,500
- Debts after one year +€158,824
new in 2025: €158,824
- Reserves +€54,315
up €54,315 (+6.3%), from €860,649 to €914,964
- Current portion of long-term debt +€22,776
new in 2025: €22,776
- Trade debts +€17,204
up €17,204 (+17,983%), from €96 to €17,300
- Tax, wage and social debts -€14,628
down €14,628 (-36.9%), from €39,681 to €25,053
- Other operating charges +€44,739
up €44,739 (+1,044%), from €4,286 to €49,025
- Gross operating margin +€19,175
up €19,175 (+8.7%), from €221,066 to €240,241
- Taxes -€16,114
down €16,114 (-27.8%), from €57,973 to €41,859
- Financial charges +€9,391
up €9,391 (+1,759%), from €534 to €9,925
- Financial income -€7,957
down €7,957 (-88.0%), from €9,043 to €1,086
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 | €961,955 | €1,202,238 | +€240,283 | +25.0% |
| Fixed assets | 21/28 | €312,174 | €643,050 | +€330,876 | +106% |
| Tangible fixed assets | 22/27 | €312,174 | €643,050 | +€330,876 | +106% |
| Land and buildings | 22 | €219,973 | €575,606 | +€355,633 | +162% |
| Furniture and vehicles | 24 | €92,201 | €67,444 | -€24,757 | -26.9% |
| Current assets | 29/58 | €649,781 | €559,188 | -€90,593 | -13.9% |
| Amounts receivable within one year | 40/41 | €85,613 | €49,113 | -€36,500 | -42.6% |
| Trade receivables | 40 | €85,578 | €49,078 | -€36,500 | -42.7% |
| Other amounts receivable | 41 | €35 | €35 | = | 0.0% |
| Current investments | 50/53 | - | €349,999 | +€349,999 | |
| Cash at bank and in hand | 54/58 | €564,168 | €156,176 | -€407,992 | -72.3% |
| Deferred charges and accrued income | 490/1 | - | €3,900 | +€3,900 | |
| Total equity and liabilities | 10/49 | €961,955 | €1,202,238 | +€240,283 | +25.0% |
| Equity | 10/15 | €910,649 | €964,964 | +€54,315 | +6.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €860,649 | €914,964 | +€54,315 | +6.3% |
| Distributable reserves | 133 | €860,649 | €914,964 | +€54,315 | +6.3% |
| Amounts payable | 17/49 | €51,306 | €237,274 | +€185,968 | +362% |
| Amounts payable after more than one year | 17 | - | €158,824 | +€158,824 | |
| Financial debts | 170/4 | - | €158,824 | +€158,824 | |
| Amounts payable within one year | 42/48 | €50,668 | €78,450 | +€27,782 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | - | €22,776 | +€22,776 | |
| Trade debts | 44 | €96 | €17,300 | +€17,204 | +17,983% |
| Suppliers | 440/4 | €96 | €17,300 | +€17,204 | +17,983% |
| Taxes, remuneration and social security | 45 | €39,681 | €25,053 | -€14,628 | -36.9% |
| Taxes | 450/3 | €39,681 | €25,053 | -€14,628 | -36.9% |
| Other amounts payable | 47/48 | €10,892 | €13,322 | +€2,430 | +22.3% |
| Accrued charges and deferred income | 492/3 | €638 | - | -€638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,309 | €51,724 | +€7,415 | +16.7% |
| Other operating charges | 640/8 | €4,286 | €49,025 | +€44,739 | +1,044% |
| Gross operating margin | 9900 | €221,066 | €240,241 | +€19,175 | +8.7% |
| Operating profit (loss) | 9901 | €172,471 | €139,493 | -€32,979 | -19.1% |
| Financial income | 75/76B | €9,043 | €1,086 | -€7,957 | -88.0% |
| Recurring financial income | 75 | €9,043 | €1,086 | -€7,957 | -88.0% |
| Financial charges | 65/66B | €534 | €9,925 | +€9,391 | +1,759% |
| Recurring financial charges | 65 | €534 | €9,925 | +€9,391 | +1,759% |
| Profit (loss) for the period before taxes | 9903 | €180,980 | €130,653 | -€50,327 | -27.8% |
| Income taxes | 67/77 | €57,973 | €41,859 | -€16,114 | -27.8% |
| Profit (loss) for the period | 9904 | €123,007 | €88,794 | -€34,213 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €123,007 | €88,794 | -€34,213 | -27.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.