VAN DAELE IGNACE: what changed
What changed
VAN DAELE IGNACE
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€116,457
2024 · €155,033-€38,576
Equity
€1.1m
2024 · €1.1m-€23,034
Cash
€259,322
2024 · €140,538+€118,784
Balance sheet total
€2.8m
2024 · €2.9m-€78,723
Largest movements
Assets
- Receivables within one year -€300,847
down €300,847 (-21.5%), from €1.4m to €1.1m
of which Other amounts receivable: -€377,327
- Receivables after one year +€260,000
new in 2025: €260,000
- Tangible fixed assets -€126,350
down €126,350 (-10.4%), from €1.2m to €1.1m
of which Furniture and vehicles: -€127,845
- Cash +€118,784
up €118,784 (+84.5%), from €140,538 to €259,322
mainly Receivables within one year (+€300,847) and Depreciation (+€251,010)
- Stocks and contracts -€34,308
down €34,308 (-37.3%), from €91,947 to €57,639
of which Contracts in progress: -€34,508
Equity and liabilities
- Trade debts -€192,341
down €192,341 (-19.8%), from €973,281 to €780,940
- Debts after one year +€189,754
up €189,754 (+91.9%), from €206,368 to €396,122
- Short-term financial debts -€143,688
down €143,688 (-65.7%), from €218,688 to €75,000
- Current portion of long-term debt +€61,703
up €61,703 (+31.8%), from €193,936 to €255,640
- Tax, wage and social debts +€28,995
up €28,995 (+22.1%), from €130,925 to €159,920
of which Remuneration and social security: +€23,781
Income statement
- Gross operating margin +€269,298
up €269,298 (+10.0%), from €2.7m to €3.0m
- Staff costs +€198,601
up €198,601 (+8.8%), from €2.3m to €2.5m
- Depreciation +€86,085
up €86,085 (+52.2%), from €164,925 to €251,010
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.
Result 2024
€155,033
Gross operating margin
+€269,298
Staff costs
-€198,601
Depreciation
-€86,085
Other operating charges
+€7,081
Other operating items
-€22,563
Financial income
+€0
Financial charges
-€14,372
Taxes
+€6,666
Result 2025
€116,457
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€279,617
Investment
-€129,110
Financing
-€31,722
Cash 2024
€140,538
From operations (derived)
+€279,617
Net result for the year
+€116,457
Depreciation
+€251,010
Receivables after one year
-€260,000
Stocks and contracts
+€34,308
Receivables within one year
+€300,847
Smaller working-capital items
+€342
Trade debts
-€192,341
Tax, wage and social debts
+€28,995
Investment (derived)
-€129,110
Investment in fixed assets (net)
-€129,110
Financing
-€31,722
Debts after one year
+€189,754
Current portion of long-term debt
+€61,703
Short-term financial debts
-€143,688
Contributions, distributions and other
-€139,491
Cash 2025
€259,322
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,883,241 | €2,804,518 | -€78,723 | -2.7% |
| Fixed assets | 21/28 | €1,213,431 | €1,091,531 | -€121,899 | -10.0% |
| Intangible fixed assets | 21 | - | €4,451 | +€4,451 | |
| Tangible fixed assets | 22/27 | €1,210,011 | €1,083,661 | -€126,350 | -10.4% |
| Land and buildings | 22 | €53,433 | €46,165 | -€7,267 | -13.6% |
| Plant, machinery and equipment | 23 | €171,427 | €241,076 | +€69,649 | +40.6% |
| Furniture and vehicles | 24 | €496,109 | €368,264 | -€127,845 | -25.8% |
| Other tangible fixed assets | 26 | €489,043 | €428,156 | -€60,887 | -12.5% |
| Financial fixed assets | 28 | €3,420 | €3,420 | = | 0.0% |
| Current assets | 29/58 | €1,669,811 | €1,712,986 | +€43,176 | +2.6% |
| Amounts receivable after more than one year | 29 | - | €260,000 | +€260,000 | |
| Other amounts receivable | 291 | - | €260,000 | +€260,000 | |
| Stocks and contracts in progress | 3 | €91,947 | €57,639 | -€34,308 | -37.3% |
| Stocks | 30/36 | €3,200 | €3,400 | +€200 | +6.3% |
| Contracts in progress | 37 | €88,747 | €54,239 | -€34,508 | -38.9% |
| Amounts receivable within one year | 40/41 | €1,402,421 | €1,101,574 | -€300,847 | -21.5% |
| Trade receivables | 40 | €879,080 | €955,560 | +€76,480 | +8.7% |
| Other amounts receivable | 41 | €523,341 | €146,014 | -€377,327 | -72.1% |
| Cash at bank and in hand | 54/58 | €140,538 | €259,322 | +€118,784 | +84.5% |
| Deferred charges and accrued income | 490/1 | €34,905 | €34,451 | -€454 | -1.3% |
| Total equity and liabilities | 10/49 | €2,883,241 | €2,804,518 | -€78,723 | -2.7% |
| Equity | 10/15 | €1,130,655 | €1,107,620 | -€23,034 | -2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,110,655 | €1,087,620 | -€23,034 | -2.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,110,655 | €1,087,620 | -€23,034 | -2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,752,586 | €1,696,897 | -€55,689 | -3.2% |
| Amounts payable after more than one year | 17 | €206,368 | €396,122 | +€189,754 | +91.9% |
| Financial debts | 170/4 | €206,368 | €396,122 | +€189,754 | +91.9% |
| Amounts payable within one year | 42/48 | €1,545,349 | €1,299,906 | -€245,443 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €193,936 | €255,640 | +€61,703 | +31.8% |
| Financial debts | 43 | €218,688 | €75,000 | -€143,688 | -65.7% |
| Credit institutions | 430/8 | €218,688 | €75,000 | -€143,688 | -65.7% |
| Trade debts | 44 | €973,281 | €780,940 | -€192,341 | -19.8% |
| Suppliers | 440/4 | €973,281 | €780,940 | -€192,341 | -19.8% |
| Taxes, remuneration and social security | 45 | €130,925 | €159,920 | +€28,995 | +22.1% |
| Taxes | 450/3 | €22,885 | €28,098 | +€5,213 | +22.8% |
| Remuneration and social security | 454/9 | €108,040 | €131,822 | +€23,781 | +22.0% |
| Other amounts payable | 47/48 | €28,518 | €28,407 | -€112 | -0.4% |
| Accrued charges and deferred income | 492/3 | €870 | €870 | = | 0.0% |
| Non-recurring operating income | 76A | - | €40,447 | +€40,447 | |
| Remuneration, social security and pensions | 62 | €2,269,521 | €2,468,122 | +€198,601 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,925 | €251,010 | +€86,085 | +52.2% |
| Other operating charges | 640/8 | €16,693 | €9,612 | -€7,081 | -42.4% |
| Non-recurring operating charges | 66A | - | €22,563 | +€22,563 | |
| Gross operating margin | 9900 | €2,689,372 | €2,958,670 | +€269,298 | +10.0% |
| Operating profit (loss) | 9901 | €238,233 | €207,363 | -€30,870 | -13.0% |
| Financial income | 75/76B | €166 | €166 | +€0 | 0.0% |
| Recurring financial income | 75 | €166 | €166 | +€0 | 0.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €16,411 | €30,783 | +€14,372 | +87.6% |
| Recurring financial charges | 65 | €16,411 | €30,783 | +€14,372 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €221,988 | €176,746 | -€45,242 | -20.4% |
| Income taxes | 67/77 | €66,955 | €60,288 | -€6,666 | -10.0% |
| Profit (loss) for the period | 9904 | €155,033 | €116,457 | -€38,576 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €155,033 | €116,457 | -€38,576 | -24.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.