VAN DAEL & PARTNERS: 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.
VAN DAEL & PARTNERS
Largest movements
- Deferred charges and accrued income -€48,219
no longer reported in 2025 (was €48,219)
- Cash +€43,098
up €43,098 (+194%), from €22,180 to €65,278
mainly Deferred charges and accrued income (+€48,219) and Other debts (+€12,527)
- Stocks and contracts +€23,901
up €23,901 (+13.6%), from €175,847 to €199,748
- Other debts +€12,527
up €12,527 (+5.4%), from €231,360 to €243,886
- Tax, wage and social debts +€4,936
new in 2025: €4,936
- Gross operating margin +€44,040
up €44,040, from -€24,635 to €19,405
- Financial charges +€16,018
up €16,018 (+2,744%), from €584 to €16,602
- Other operating charges +€1,040
up €1,040 (+206%), from €505 to €1,546
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 | €339,471 | €358,251 | +€18,780 | +5.5% |
| Current assets | 29/58 | €339,471 | €358,251 | +€18,780 | +5.5% |
| Amounts receivable after more than one year | 29 | €93,225 | €93,225 | = | 0.0% |
| Trade receivables | 290 | €93,225 | €93,225 | = | 0.0% |
| Stocks and contracts in progress | 3 | €175,847 | €199,748 | +€23,901 | +13.6% |
| Stocks | 30/36 | €175,847 | €199,748 | +€23,901 | +13.6% |
| Cash at bank and in hand | 54/58 | €22,180 | €65,278 | +€43,098 | +194% |
| Deferred charges and accrued income | 490/1 | €48,219 | - | -€48,219 | |
| Total equity and liabilities | 10/49 | €339,471 | €358,251 | +€18,780 | +5.5% |
| Equity | 10/15 | €33,112 | €34,369 | +€1,257 | +3.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,609 | €2,609 | = | 0.0% |
| Distributable reserves | 133 | €2,609 | €2,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,503 | €6,760 | +€1,257 | +22.8% |
| Amounts payable | 17/49 | €306,360 | €323,882 | +€17,523 | +5.7% |
| Amounts payable within one year | 42/48 | €306,360 | €323,882 | +€17,523 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | - | €61 | +€61 | |
| Suppliers | 440/4 | - | €61 | +€61 | |
| Taxes, remuneration and social security | 45 | - | €4,936 | +€4,936 | |
| Taxes | 450/3 | - | €4,936 | +€4,936 | |
| Other amounts payable | 47/48 | €231,360 | €243,886 | +€12,527 | +5.4% |
| Other operating charges | 640/8 | €505 | €1,546 | +€1,040 | +206% |
| Gross operating margin | 9900 | -€24,635 | €19,405 | +€44,040 | |
| Operating profit (loss) | 9901 | -€25,141 | €17,859 | +€43,000 | |
| Financial charges | 65/66B | €584 | €16,602 | +€16,018 | +2,744% |
| Recurring financial charges | 65 | €584 | €16,602 | +€16,018 | +2,744% |
| Profit (loss) for the period before taxes | 9903 | -€25,724 | €1,257 | +€26,982 | |
| Profit (loss) for the period | 9904 | -€25,724 | €1,257 | +€26,982 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,724 | €1,257 | +€26,982 |
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 23 October 2026 via checked.be.