EPB VANWAELEM: 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.
EPB VANWAELEM
Largest movements
- Receivables within one year +€62,190
up €62,190 (+1,426%), from €4,361 to €66,551
of which Other amounts receivable: +€60,673
- Cash -€22,706
down €22,706 (-10.1%), from €225,783 to €203,077
mainly Receivables within one year (-€62,190) and Other debts (-€3,193)
- Tangible fixed assets -€9,021
down €9,021 (-27.6%), from €32,719 to €23,698
of which Furniture and vehicles: -€6,939
- Reserves +€36,486
up €36,486 (+17.7%), from €206,413 to €242,899
- Contributions +€35,035
new in 2025: €35,035
- Profit (loss) carried forward -€35,035
down €35,035 (-65.0%), from €53,930 to €18,895
- Other debts -€3,193
down €3,193 (-100%), from €3,193 to €0
- Other operating charges +€11,481
up €11,481 (+1,107%), from €1,037 to €12,518
- Taxes +€5,999
up €5,999 (+42.6%), from €14,081 to €20,080
- Gross operating margin +€5,484
up €5,484 (+8.0%), from €68,251 to €73,735
- Depreciation +€3,728
up €3,728 (+70.4%), from €5,294 to €9,021
- Financial income +€2,461
up €2,461 (+124%), from €1,992 to €4,453
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 | €266,001 | €298,921 | +€32,920 | +12.4% |
| Fixed assets | 21/28 | €32,719 | €23,698 | -€9,021 | -27.6% |
| Tangible fixed assets | 22/27 | €32,719 | €23,698 | -€9,021 | -27.6% |
| Plant, machinery and equipment | 23 | €2,516 | €434 | -€2,082 | -82.7% |
| Furniture and vehicles | 24 | €30,203 | €23,264 | -€6,939 | -23.0% |
| Current assets | 29/58 | €233,281 | €275,222 | +€41,941 | +18.0% |
| Stocks and contracts in progress | 3 | €1,112 | €3,879 | +€2,767 | +249% |
| Stocks | 30/36 | €1,112 | €3,879 | +€2,767 | +249% |
| Amounts receivable within one year | 40/41 | €4,361 | €66,551 | +€62,190 | +1,426% |
| Trade receivables | 40 | €3,684 | €5,201 | +€1,517 | +41.2% |
| Other amounts receivable | 41 | €677 | €61,350 | +€60,673 | +8,969% |
| Cash at bank and in hand | 54/58 | €225,783 | €203,077 | -€22,706 | -10.1% |
| Deferred charges and accrued income | 490/1 | €2,026 | €1,716 | -€311 | -15.3% |
| Total equity and liabilities | 10/49 | €266,001 | €298,921 | +€32,920 | +12.4% |
| Equity | 10/15 | €260,343 | €296,829 | +€36,486 | +14.0% |
| Contributions | 10/11 | - | €35,035 | +€35,035 | |
| Reserves | 13 | €206,413 | €242,899 | +€36,486 | +17.7% |
| Distributable reserves | 133 | €206,413 | €242,899 | +€36,486 | +17.7% |
| Profit (loss) carried forward | 14 | €53,930 | €18,895 | -€35,035 | -65.0% |
| Amounts payable | 17/49 | €5,658 | €2,092 | -€3,566 | -63.0% |
| Amounts payable within one year | 42/48 | €5,584 | €2,092 | -€3,493 | -62.5% |
| Trade debts | 44 | €84 | €2,092 | +€2,007 | +2,383% |
| Suppliers | 440/4 | €84 | €2,092 | +€2,007 | +2,383% |
| Advances received on contracts in progress | 46 | €1,600 | €0 | -€1,600 | -100% |
| Taxes, remuneration and social security | 45 | €708 | €0 | -€708 | -100% |
| Taxes | 450/3 | €708 | €0 | -€708 | -100% |
| Other amounts payable | 47/48 | €3,193 | €0 | -€3,193 | -100% |
| Accrued charges and deferred income | 492/3 | €74 | €0 | -€74 | -100% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,294 | €9,021 | +€3,728 | +70.4% |
| Other operating charges | 640/8 | €1,037 | €12,518 | +€11,481 | +1,107% |
| Gross operating margin | 9900 | €68,251 | €73,735 | +€5,484 | +8.0% |
| Operating profit (loss) | 9901 | €61,920 | €52,196 | -€9,725 | -15.7% |
| Financial income | 75/76B | €1,992 | €4,453 | +€2,461 | +124% |
| Recurring financial income | 75 | €1,992 | €4,453 | +€2,461 | +124% |
| Financial charges | 65/66B | €42 | €83 | +€41 | +97.1% |
| Recurring financial charges | 65 | €42 | €83 | +€41 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €63,870 | €56,566 | -€7,304 | -11.4% |
| Income taxes | 67/77 | €14,081 | €20,080 | +€5,999 | +42.6% |
| Profit (loss) for the period | 9904 | €49,789 | €36,486 | -€13,303 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,789 | €36,486 | -€13,303 | -26.7% |
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 15 October 2026 via checked.be.