DIRK VAN DE VELDE: 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.
DIRK VAN DE VELDE
Largest movements
- Cash -€81,633
down €81,633 (-63.0%), from €129,529 to €47,896
mainly Trade debts (-€212,748) and Debts after one year (-€113,089)
- Receivables after one year +€35,624
new in 2025: €35,624
- Tangible fixed assets -€16,679
down €16,679 (-2.6%), from €648,397 to €631,718
of which Plant, machinery and equipment: -€21,983
- Financial fixed assets -€11,781
down €11,781 (-20.2%), from €58,264 to €46,483
- Trade debts -€212,748
down €212,748 (-83.9%), from €253,522 to €40,774
- Reserves +€195,983
up €195,983 (+97.1%), from €201,742 to €397,725
- Debts after one year -€113,089
down €113,089 (-22.4%), from €504,619 to €391,530
- Tax, wage and social debts +€49,994
up €49,994 (+366%), from €13,668 to €63,662
- Accrued charges and deferred income +€19,991
new in 2025: €19,991
- Financial income +€130,219
up €130,219 (+248,273%), from €52 to €130,272
of which Non-recurring financial income: +€130,183
- Gross operating margin +€82,919
up €82,919 (+49.0%), from €169,290 to €252,208
- Taxes +€35,647
up €35,647 (+335%), from €10,630 to €46,277
- Other operating charges +€5,994
up €5,994 (+675%), from €889 to €6,883
- Financial charges -€3,112
down €3,112 (-21.8%), from €14,272 to €11,160
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 | €1,061,892 | €996,018 | -€65,873 | -6.2% |
| Fixed assets | 21/28 | €706,661 | €678,201 | -€28,460 | -4.0% |
| Tangible fixed assets | 22/27 | €648,397 | €631,718 | -€16,679 | -2.6% |
| Land and buildings | 22 | €289,201 | €282,879 | -€6,322 | -2.2% |
| Plant, machinery and equipment | 23 | €114,129 | €92,147 | -€21,983 | -19.3% |
| Furniture and vehicles | 24 | €245,067 | €256,692 | +€11,625 | +4.7% |
| Financial fixed assets | 28 | €58,264 | €46,483 | -€11,781 | -20.2% |
| Current assets | 29/58 | €355,231 | €317,817 | -€37,413 | -10.5% |
| Amounts receivable after more than one year | 29 | - | €35,624 | +€35,624 | |
| Other amounts receivable | 291 | - | €35,624 | +€35,624 | |
| Amounts receivable within one year | 40/41 | €225,702 | €233,383 | +€7,681 | +3.4% |
| Trade receivables | 40 | €202,910 | €55,695 | -€147,215 | -72.6% |
| Other amounts receivable | 41 | €22,792 | €177,688 | +€154,896 | +680% |
| Cash at bank and in hand | 54/58 | €129,529 | €47,896 | -€81,633 | -63.0% |
| Deferred charges and accrued income | 490/1 | €0 | €915 | +€915 | |
| Total equity and liabilities | 10/49 | €1,061,892 | €996,018 | -€65,873 | -6.2% |
| Equity | 10/15 | €220,342 | €416,325 | +€195,983 | +88.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,742 | €397,725 | +€195,983 | +97.1% |
| Distributable reserves | 133 | €201,742 | €397,725 | +€195,983 | +97.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €841,550 | €579,693 | -€261,856 | -31.1% |
| Amounts payable after more than one year | 17 | €504,619 | €391,530 | -€113,089 | -22.4% |
| Financial debts | 170/4 | €504,619 | €391,530 | -€113,089 | -22.4% |
| Amounts payable within one year | 42/48 | €336,931 | €168,172 | -€168,759 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €69,156 | €60,524 | -€8,632 | -12.5% |
| Financial debts | 43 | €586 | €586 | = | 0.0% |
| Credit institutions | 430/8 | €586 | €586 | = | 0.0% |
| Trade debts | 44 | €253,522 | €40,774 | -€212,748 | -83.9% |
| Suppliers | 440/4 | €253,522 | €40,774 | -€212,748 | -83.9% |
| Taxes, remuneration and social security | 45 | €13,668 | €63,662 | +€49,994 | +366% |
| Taxes | 450/3 | €13,668 | €63,662 | +€49,994 | +366% |
| Other amounts payable | 47/48 | €0 | €2,627 | +€2,627 | |
| Accrued charges and deferred income | 492/3 | - | €19,991 | +€19,991 | |
| Non-recurring operating income | 76A | €705 | €0 | -€705 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,594 | €119,967 | +€1,372 | +1.2% |
| Other operating charges | 640/8 | €889 | €6,883 | +€5,994 | +675% |
| Gross operating margin | 9900 | €169,290 | €252,208 | +€82,919 | +49.0% |
| Operating profit (loss) | 9901 | €49,807 | €125,359 | +€75,552 | +152% |
| Financial income | 75/76B | €52 | €130,272 | +€130,219 | +248,273% |
| Recurring financial income | 75 | €52 | €88 | +€36 | +68.5% |
| Non-recurring financial income | 76B | - | €130,183 | +€130,183 | |
| Financial charges | 65/66B | €14,272 | €11,160 | -€3,112 | -21.8% |
| Recurring financial charges | 65 | €14,272 | €11,160 | -€3,112 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €35,587 | €244,471 | +€208,884 | +587% |
| Income taxes | 67/77 | €10,630 | €46,277 | +€35,647 | +335% |
| Profit (loss) for the period | 9904 | €24,957 | €198,194 | +€173,237 | +694% |
| Profit (loss) for the period to be appropriated | 9905 | €24,957 | €198,194 | +€173,237 | +694% |
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 13 October 2026 via checked.be.