IGNACE VAN DAM: what changed
Two fiscal 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.
IGNACE VAN DAM
Largest movements
- Cash +€22,420
up €22,420 (+32.6%), from €68,716 to €91,136
mainly Net result for the year (+€63,563) and Other debts (+€13,196)
- Receivables within one year -€5,504
down €5,504 (-28.4%), from €19,395 to €13,891
of which Trade receivables: -€5,143
- Other debts +€13,196
up €13,196 (+1125.6%), from €1,172 to €14,368
- Tax, wage and social debts +€5,018
up €5,018 (+194.3%), from €2,583 to €7,601
- Profit (loss) carried forward -€1,174
down €1,174 (-1.8%), from €64,737 to €63,563
- Gross operating margin +€29,640
up €29,640 (+52.2%), from €56,792 to €86,433
- Taxes +€10,968
up €10,968 (+98.7%), from €11,116 to €22,084
- Financial income +€1,096
up €1,096 (+647.6%), from €169 to €1,265
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.
Cash bridge derived
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 | €92,546 | €109,320 | +€16,774 | +18.1% |
| Fixed assets | 21/28 | €3,723 | €3,630 | -€93 | -2.5% |
| Tangible fixed assets | 22/27 | €3,723 | €3,630 | -€93 | -2.5% |
| Plant, machinery and equipment | 23 | €2,247 | €2,597 | +€350 | +15.6% |
| Furniture and vehicles | 24 | €1,476 | €1,033 | -€443 | -30.0% |
| Current assets | 29/58 | €88,823 | €105,689 | +€16,866 | +19.0% |
| Amounts receivable within one year | 40/41 | €19,395 | €13,891 | -€5,504 | -28.4% |
| Trade receivables | 40 | €18,668 | €13,525 | -€5,143 | -27.6% |
| Other amounts receivable | 41 | €727 | €366 | -€361 | -49.6% |
| Cash at bank and in hand | 54/58 | €68,716 | €91,136 | +€22,420 | +32.6% |
| Deferred charges and accrued income | 490/1 | €712 | €662 | -€50 | -7.0% |
| Total equity and liabilities | 10/49 | €92,546 | €109,320 | +€16,774 | +18.1% |
| Equity | 10/15 | €88,337 | €87,163 | -€1,174 | -1.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,600 | €21,600 | = | 0.0% |
| Distributable reserves | 133 | €21,600 | €21,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,737 | €63,563 | -€1,174 | -1.8% |
| Amounts payable | 17/49 | €4,209 | €22,157 | +€17,948 | +426.4% |
| Amounts payable within one year | 42/48 | €4,209 | €22,157 | +€17,948 | +426.4% |
| Trade debts | 44 | €454 | €188 | -€266 | -58.6% |
| Suppliers | 440/4 | €454 | €188 | -€266 | -58.6% |
| Taxes, remuneration and social security | 45 | €2,583 | €7,601 | +€5,018 | +194.3% |
| Taxes | 450/3 | €2,583 | €7,601 | +€5,018 | +194.3% |
| Other amounts payable | 47/48 | €1,172 | €14,368 | +€13,196 | +1125.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €1,401 | +€386 | +38.0% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €56,792 | €86,433 | +€29,640 | +52.2% |
| Operating profit (loss) | 9901 | €55,186 | €84,422 | +€29,237 | +53.0% |
| Financial income | 75/76B | €169 | €1,265 | +€1,096 | +647.6% |
| Recurring financial income | 75 | €169 | €1,265 | +€1,096 | +647.6% |
| Financial charges | 65/66B | €227 | €40 | -€186 | -82.2% |
| Recurring financial charges | 65 | €227 | €40 | -€186 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €55,128 | €85,647 | +€30,519 | +55.4% |
| Income taxes | 67/77 | €11,116 | €22,084 | +€10,968 | +98.7% |
| Profit (loss) for the period | 9904 | €44,012 | €63,563 | +€19,551 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,012 | €63,563 | +€19,551 | +44.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.