VAN DAELE: 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 DAELE
Largest movements
- Tangible fixed assets +€67,398
up €67,398 (+10.4%), from €645,991 to €713,389
of which Furniture and vehicles: +€99,990
- Cash -€59,607
down €59,607 (-56.0%), from €106,516 to €46,909
mainly Investment in fixed assets (net) (-€118,185) and Receivables within one year (-€35,641)
- Receivables within one year +€35,641
up €35,641 (+92.5%), from €38,511 to €74,152
of which Trade receivables: +€35,641
- Profit (loss) carried forward +€57,427
up €57,427 (+31.8%), from €180,792 to €238,219
- Debts after one year +€21,731
up €21,731 (+3.8%), from €565,102 to €586,833
- Trade debts -€10,474
down €10,474 (-68.0%), from €15,400 to €4,926
- Gross operating margin +€27,979
up €27,979 (+13.4%), from €208,032 to €236,011
- Depreciation +€14,239
up €14,239 (+39.0%), from €36,549 to €50,787
- Taxes +€3,610
up €3,610 (+19.2%), from €18,797 to €22,407
- Staff costs -€2,982
down €2,982 (-4.1%), from €72,650 to €69,668
- Financial charges -€2,753
down €2,753 (-9.0%), from €30,717 to €27,964
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 | €951,018 | €1,005,863 | +€54,845 | +5.8% |
| Fixed assets | 21/28 | €645,991 | €713,389 | +€67,398 | +10.4% |
| Tangible fixed assets | 22/27 | €645,991 | €713,389 | +€67,398 | +10.4% |
| Land and buildings | 22 | €644,011 | €611,419 | -€32,592 | -5.1% |
| Furniture and vehicles | 24 | €1,979 | €101,969 | +€99,990 | +5051.5% |
| Current assets | 29/58 | €305,027 | €292,475 | -€12,552 | -4.1% |
| Amounts receivable within one year | 40/41 | €38,511 | €74,152 | +€35,641 | +92.5% |
| Trade receivables | 40 | €36,801 | €72,442 | +€35,641 | +96.8% |
| Other amounts receivable | 41 | €1,710 | €1,710 | = | 0.0% |
| Current investments | 50/53 | €160,000 | €170,000 | +€10,000 | +6.3% |
| Cash at bank and in hand | 54/58 | €106,516 | €46,909 | -€59,607 | -56.0% |
| Deferred charges and accrued income | 490/1 | - | €1,414 | +€1,414 | |
| Total equity and liabilities | 10/49 | €951,018 | €1,005,863 | +€54,845 | +5.8% |
| Equity | 10/15 | €223,081 | €280,508 | +€57,427 | +25.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €36,083 | €36,083 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,223 | €34,223 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,792 | €238,219 | +€57,427 | +31.8% |
| Amounts payable | 17/49 | €727,937 | €725,355 | -€2,582 | -0.4% |
| Amounts payable after more than one year | 17 | €565,102 | €586,833 | +€21,731 | +3.8% |
| Financial debts | 170/4 | €565,102 | €586,833 | +€21,731 | +3.8% |
| Amounts payable within one year | 42/48 | €152,955 | €129,798 | -€23,157 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €67,670 | €72,522 | +€4,852 | +7.2% |
| Trade debts | 44 | €15,400 | €4,926 | -€10,474 | -68.0% |
| Suppliers | 440/4 | €15,400 | €4,926 | -€10,474 | -68.0% |
| Taxes, remuneration and social security | 45 | €31,055 | €23,517 | -€7,539 | -24.3% |
| Taxes | 450/3 | €18,795 | €19,496 | +€700 | +3.7% |
| Remuneration and social security | 454/9 | €12,260 | €4,021 | -€8,239 | -67.2% |
| Other amounts payable | 47/48 | €38,830 | €28,833 | -€9,997 | -25.7% |
| Accrued charges and deferred income | 492/3 | €9,880 | €8,724 | -€1,156 | -11.7% |
| Non-recurring operating income | 76A | - | €12,066 | +€12,066 | |
| Remuneration, social security and pensions | 62 | €72,650 | €69,668 | -€2,982 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,549 | €50,787 | +€14,239 | +39.0% |
| Other operating charges | 640/8 | €11,994 | €10,099 | -€1,896 | -15.8% |
| Gross operating margin | 9900 | €208,032 | €236,011 | +€27,979 | +13.4% |
| Operating profit (loss) | 9901 | €86,839 | €105,456 | +€18,617 | +21.4% |
| Financial income | 75/76B | €5,051 | €2,342 | -€2,710 | -53.6% |
| Recurring financial income | 75 | €5,051 | €2,342 | -€2,710 | -53.6% |
| Financial charges | 65/66B | €30,717 | €27,964 | -€2,753 | -9.0% |
| Recurring financial charges | 65 | €30,717 | €27,964 | -€2,753 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €61,173 | €79,834 | +€18,661 | +30.5% |
| Income taxes | 67/77 | €18,797 | €22,407 | +€3,610 | +19.2% |
| Profit (loss) for the period | 9904 | €42,376 | €57,427 | +€15,051 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,376 | €57,427 | +€15,051 | +35.5% |
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 9 October 2026 via checked.be.