PIETER VAN WELDEN: what changed
PIETER VAN WELDEN
Largest movements
- Tangible fixed assets +€126,238
up €126,238 (+84.4%), from €149,622 to €275,860
of which Furniture and vehicles: +€107,560
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€39,170
down €39,170 (-16.4%), from €238,305 to €199,135
mainly Contributions, distributions and other (-€174,182) and Investment in fixed assets (net) (-€166,248)
- Receivables within one year -€20,692
down €20,692 (-86.4%), from €23,948 to €3,256
of which Trade receivables: -€12,563
- Stocks and contracts +€7,324
up €7,324 (+45.1%), from €16,225 to €23,549
- Other debts +€109,508
up €109,508 (+135%), from €80,844 to €190,352
- Reserves -€93,110
down €93,110 (-31.5%), from €295,266 to €202,156
- Trade debts -€28,222
down €28,222 (-72.8%), from €38,785 to €10,563
- Debts after one year +€26,312
up €26,312 (+271%), from €9,697 to €36,008
- Current portion of long-term debt +€10,192
up €10,192 (+88.4%), from €11,526 to €21,718
- Gross operating margin +€32,988
up €32,988 (+14.0%), from €235,844 to €268,832
- Taxes +€8,696
up €8,696 (+38.2%), from €22,751 to €31,446
- Other operating charges -€4,476
down €4,476 (-62.5%), from €7,157 to €2,681
- Depreciation +€4,107
up €4,107 (+11.4%), from €35,904 to €40,010
- Staff costs -€3,664
down €3,664 (-3.2%), from €113,713 to €110,049
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,100 | €501,800 | +€23,700 | +5.0% |
| Fixed assets | 21/28 | €149,622 | €275,860 | +€126,238 | +84.4% |
| Tangible fixed assets | 22/27 | €149,622 | €275,860 | +€126,238 | +84.4% |
| Land and buildings | 22 | €67,943 | €67,597 | -€346 | -0.5% |
| Plant, machinery and equipment | 23 | €27,830 | €46,854 | +€19,024 | +68.4% |
| Furniture and vehicles | 24 | €53,849 | €161,409 | +€107,560 | +200% |
| Current assets | 29/58 | €328,478 | €225,940 | -€102,538 | -31.2% |
| Stocks and contracts in progress | 3 | €16,225 | €23,549 | +€7,324 | +45.1% |
| Stocks | 30/36 | €16,225 | €23,549 | +€7,324 | +45.1% |
| Amounts receivable within one year | 40/41 | €23,948 | €3,256 | -€20,692 | -86.4% |
| Trade receivables | 40 | €15,820 | €3,256 | -€12,563 | -79.4% |
| Other amounts receivable | 41 | €8,128 | €0 | -€8,128 | -100% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €238,305 | €199,135 | -€39,170 | -16.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €478,100 | €501,800 | +€23,700 | +5.0% |
| Equity | 10/15 | €315,266 | €222,156 | -€93,110 | -29.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €295,266 | €202,156 | -€93,110 | -31.5% |
| Distributable reserves | 133 | €295,266 | €202,156 | -€93,110 | -31.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,834 | €279,644 | +€116,810 | +71.7% |
| Amounts payable after more than one year | 17 | €9,697 | €36,008 | +€26,312 | +271% |
| Financial debts | 170/4 | €9,697 | €36,008 | +€26,312 | +271% |
| Amounts payable within one year | 42/48 | €152,750 | €243,236 | +€90,486 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €11,526 | €21,718 | +€10,192 | +88.4% |
| Trade debts | 44 | €38,785 | €10,563 | -€28,222 | -72.8% |
| Suppliers | 440/4 | €38,785 | €10,563 | -€28,222 | -72.8% |
| Taxes, remuneration and social security | 45 | €21,595 | €20,603 | -€992 | -4.6% |
| Taxes | 450/3 | €9,786 | €9,368 | -€418 | -4.3% |
| Remuneration and social security | 454/9 | €11,809 | €11,234 | -€575 | -4.9% |
| Other amounts payable | 47/48 | €80,844 | €190,352 | +€109,508 | +135% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €113,713 | €110,049 | -€3,664 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,904 | €40,010 | +€4,107 | +11.4% |
| Other operating charges | 640/8 | €7,157 | €2,681 | -€4,476 | -62.5% |
| Gross operating margin | 9900 | €235,844 | €268,832 | +€32,988 | +14.0% |
| Operating profit (loss) | 9901 | €79,070 | €116,092 | +€37,023 | +46.8% |
| Financial income | 75/76B | €375 | €1,567 | +€1,192 | +318% |
| Recurring financial income | 75 | €375 | €1,567 | +€1,192 | +318% |
| Financial charges | 65/66B | €5,943 | €5,141 | -€802 | -13.5% |
| Recurring financial charges | 65 | €5,943 | €5,141 | -€802 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €73,501 | €112,518 | +€39,017 | +53.1% |
| Income taxes | 67/77 | €22,751 | €31,446 | +€8,696 | +38.2% |
| Profit (loss) for the period | 9904 | €50,751 | €81,072 | +€30,322 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,751 | €81,072 | +€30,322 | +59.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.