Van Daele - Devroey: 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.
Van Daele - Devroey
Largest movements
- Cash +€99,618
up €99,618 (+16.6%), from €598,638 to €698,256
mainly Net result for the year (+€74,889) and Receivables within one year (+€19,729)
- Receivables within one year -€19,729
down €19,729 (-76.4%), from €25,829 to €6,101
of which Other amounts receivable: -€19,729
- Reserves +€74,889
up €74,889 (+12.6%), from €596,199 to €671,089
- Depreciation -€13,033
down €13,033 (-69.6%), from €18,727 to €5,695
- Financial income +€6,373
up €6,373 (+1445.7%), from €441 to €6,814
- Gross operating margin +€2,868
up €2,868 (+2.6%), from €112,393 to €115,261
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 | €725,366 | €800,361 | +€74,995 | +10.3% |
| Fixed assets | 21/28 | €13,006 | €7,312 | -€5,695 | -43.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €13,006 | €7,312 | -€5,695 | -43.8% |
| Plant, machinery and equipment | 23 | €5,806 | €3,446 | -€2,360 | -40.6% |
| Furniture and vehicles | 24 | €7,201 | €3,866 | -€3,335 | -46.3% |
| Current assets | 29/58 | €712,360 | €793,050 | +€80,690 | +11.3% |
| Amounts receivable within one year | 40/41 | €25,829 | €6,101 | -€19,729 | -76.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €25,829 | €6,101 | -€19,729 | -76.4% |
| Current investments | 50/53 | €72,566 | €72,566 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €598,638 | €698,256 | +€99,618 | +16.6% |
| Deferred charges and accrued income | 490/1 | €15,326 | €16,127 | +€801 | +5.2% |
| Total equity and liabilities | 10/49 | €725,366 | €800,361 | +€74,995 | +10.3% |
| Equity | 10/15 | €716,184 | €791,073 | +€74,889 | +10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €596,199 | €671,089 | +€74,889 | +12.6% |
| Distributable reserves | 133 | €596,199 | €671,089 | +€74,889 | +12.6% |
| Profit (loss) carried forward | 14 | €107,585 | €107,585 | = | 0.0% |
| Amounts payable | 17/49 | €9,182 | €9,288 | +€106 | +1.2% |
| Amounts payable within one year | 42/48 | €9,182 | €9,288 | +€106 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,084 | €6,308 | -€777 | -11.0% |
| Suppliers | 440/4 | €7,084 | €6,308 | -€777 | -11.0% |
| Taxes, remuneration and social security | 45 | - | €2,981 | +€2,981 | |
| Taxes | 450/3 | - | €2,981 | +€2,981 | |
| Other amounts payable | 47/48 | €2,098 | €0 | -€2,098 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,727 | €5,695 | -€13,033 | -69.6% |
| Other operating charges | 640/8 | €2,073 | €2,834 | +€760 | +36.7% |
| Gross operating margin | 9900 | €112,393 | €115,261 | +€2,868 | +2.6% |
| Operating profit (loss) | 9901 | €91,592 | €106,732 | +€15,140 | +16.5% |
| Financial income | 75/76B | €441 | €6,814 | +€6,373 | +1445.7% |
| Recurring financial income | 75 | €441 | €6,814 | +€6,373 | +1445.7% |
| Financial charges | 65/66B | €1,441 | €1,306 | -€134 | -9.3% |
| Recurring financial charges | 65 | €1,441 | €1,306 | -€134 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €90,593 | €112,240 | +€21,648 | +23.9% |
| Income taxes | 67/77 | €36,370 | €37,351 | +€981 | +2.7% |
| Profit (loss) for the period | 9904 | €54,223 | €74,889 | +€20,666 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,223 | €74,889 | +€20,666 | +38.1% |
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 30 September 2026 via checked.be.