E&C 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.
E&C VAN DE VELDE
Largest movements
- Cash +€216,216
up €216,216 (+96.4%), from €224,244 to €440,460
mainly Net result for the year (+€474,374) and Tax, wage and social debts (+€103,226)
- Receivables within one year +€215,773
up €215,773 (+219%), from €98,499 to €314,272
of which Trade receivables: +€198,297
- Tangible fixed assets +€54,262
up €54,262 (+12.3%), from €441,837 to €496,099
of which Furniture and vehicles: +€64,216
- Reserves +€500,000
up €500,000 (+137%), from €364,851 to €864,851
of which Distributable reserves: +€500,000
- Tax, wage and social debts +€103,226
up €103,226 (+709%), from €14,563 to €117,789
of which Taxes: +€103,226
- Other debts -€91,526
down €91,526 (-100%), from €91,526 to €0
- Profit (loss) carried forward -€25,626
down €25,626 (-88.5%), from €28,955 to €3,329
- Current portion of long-term debt +€24,973
up €24,973 (+45.0%), from €55,540 to €80,513
- Gross operating margin +€243,680
up €243,680 (+53.5%), from €455,334 to €699,014
- Taxes +€58,731
up €58,731 (+53.2%), from €110,486 to €169,217
- Depreciation +€9,733
up €9,733 (+39.7%), from €24,511 to €34,244
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 | €799,854 | €1,286,467 | +€486,613 | +60.8% |
| Fixed assets | 21/28 | €441,837 | €496,099 | +€54,262 | +12.3% |
| Tangible fixed assets | 22/27 | €441,837 | €496,099 | +€54,262 | +12.3% |
| Land and buildings | 22 | €436,741 | €417,946 | -€18,795 | -4.3% |
| Plant, machinery and equipment | 23 | €5,096 | €13,937 | +€8,841 | +173% |
| Furniture and vehicles | 24 | €0 | €64,216 | +€64,216 | |
| Current assets | 29/58 | €358,017 | €790,367 | +€432,351 | +121% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €98,499 | €314,272 | +€215,773 | +219% |
| Trade receivables | 40 | €76,247 | €274,543 | +€198,297 | +260% |
| Other amounts receivable | 41 | €22,253 | €39,729 | +€17,476 | +78.5% |
| Cash at bank and in hand | 54/58 | €224,244 | €440,460 | +€216,216 | +96.4% |
| Deferred charges and accrued income | 490/1 | €274 | €635 | +€361 | +132% |
| Total equity and liabilities | 10/49 | €799,854 | €1,286,467 | +€486,613 | +60.8% |
| Equity | 10/15 | €412,406 | €886,780 | +€474,374 | +115% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €364,851 | €864,851 | +€500,000 | +137% |
| Tax-exempt reserves | 132 | €6,955 | €6,955 | = | 0.0% |
| Distributable reserves | 133 | €357,896 | €857,896 | +€500,000 | +140% |
| Profit (loss) carried forward | 14 | €28,955 | €3,329 | -€25,626 | -88.5% |
| Amounts payable | 17/49 | €387,448 | €399,687 | +€12,239 | +3.2% |
| Amounts payable after more than one year | 17 | €208,140 | €188,623 | -€19,517 | -9.4% |
| Financial debts | 170/4 | €208,140 | €188,623 | -€19,517 | -9.4% |
| Amounts payable within one year | 42/48 | €175,849 | €206,737 | +€30,888 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €55,540 | €80,513 | +€24,973 | +45.0% |
| Trade debts | 44 | €14,221 | €8,436 | -€5,785 | -40.7% |
| Suppliers | 440/4 | €14,221 | €8,436 | -€5,785 | -40.7% |
| Taxes, remuneration and social security | 45 | €14,563 | €117,789 | +€103,226 | +709% |
| Taxes | 450/3 | €14,213 | €117,439 | +€103,226 | +726% |
| Remuneration and social security | 454/9 | €350 | €350 | = | 0.0% |
| Other amounts payable | 47/48 | €91,526 | €0 | -€91,526 | -100% |
| Accrued charges and deferred income | 492/3 | €3,459 | €4,327 | +€868 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,511 | €34,244 | +€9,733 | +39.7% |
| Other operating charges | 640/8 | €5,766 | €11,770 | +€6,004 | +104% |
| Gross operating margin | 9900 | €455,334 | €699,014 | +€243,680 | +53.5% |
| Operating profit (loss) | 9901 | €425,056 | €653,000 | +€227,944 | +53.6% |
| Financial income | 75/76B | €42 | €176 | +€134 | +319% |
| Recurring financial income | 75 | €42 | €176 | +€134 | +319% |
| Financial charges | 65/66B | €10,658 | €9,585 | -€1,072 | -10.1% |
| Recurring financial charges | 65 | €10,658 | €9,585 | -€1,072 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €414,441 | €643,590 | +€229,150 | +55.3% |
| Income taxes | 67/77 | €110,486 | €169,217 | +€58,731 | +53.2% |
| Profit (loss) for the period | 9904 | €303,955 | €474,374 | +€170,419 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €303,955 | €474,374 | +€170,419 | +56.1% |
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 30 October 2026 via checked.be.