Van Daele Projects: what changed
What changed
Van Daele Projects
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€102,309
2024 · €52,458+€49,850
Equity
€434,973
2024 · €408,060+€26,913
Cash
€199,487
2024 · €188,291+€11,196
Balance sheet total
€554,385
2024 · €501,342+€53,043
Largest movements
Assets
- Current investments +€90,833
new in 2025: €90,833
- Tangible fixed assets -€39,302
down €39,302 (-14.8%), from €265,658 to €226,356
of which Furniture and vehicles: -€32,176
- Cash +€11,196
up €11,196 (+5.9%), from €188,291 to €199,487
mainly Net result for the year (+€102,309) and Depreciation (+€44,744)
- Stocks and contracts -€7,762
down €7,762 (-54.2%), from €14,322 to €6,560
Equity and liabilities
- Reserves +€26,913
up €26,913 (+6.9%), from €389,460 to €416,373
of which Distributable reserves: +€26,913
- Other debts +€26,765
up €26,765 (+52.6%), from €50,903 to €77,668
- Debts after one year -€6,154
down €6,154 (-41.7%), from €14,752 to €8,598
- Tax, wage and social debts +€5,717
up €5,717 (+93.5%), from €6,115 to €11,831
of which Taxes: +€3,831
Income statement
- Gross operating margin +€90,558
up €90,558 (+47.8%), from €189,593 to €280,151
- Staff costs +€22,001
up €22,001 (+33.3%), from €65,975 to €87,976
- Taxes +€21,930
up €21,930 (+102%), from €21,519 to €43,449
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
€52,458
Gross operating margin
+€90,558
Staff costs
-€22,001
Depreciation
+€2,253
Other operating charges
-€886
Financial income
+€1,541
Financial charges
+€314
Taxes
-€21,930
Result 2025
€102,309
raises the resultlowers the result
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
+€188,777
Investment
-€96,274
Financing
-€81,306
Cash 2024
€188,291
From operations (derived)
+€188,777
Net result for the year
+€102,309
Depreciation
+€44,744
Stocks and contracts
+€7,762
Receivables within one year
+€305
Deferred charges and accrued income
+€1,617
Trade debts
-€479
Tax, wage and social debts
+€5,717
Smaller working-capital items
+€37
Other debts
+€26,765
Investment (derived)
-€96,274
Investment in fixed assets (net)
-€5,442
Current investments
-€90,833
Financing
-€81,306
Debts after one year
-€6,154
Current portion of long-term debt
+€244
Contributions, distributions and other
-€75,396
Cash 2025
€199,487
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,342 | €554,385 | +€53,043 | +10.6% |
| Fixed assets | 21/28 | €265,793 | €226,491 | -€39,302 | -14.8% |
| Tangible fixed assets | 22/27 | €265,658 | €226,356 | -€39,302 | -14.8% |
| Land and buildings | 22 | €152,347 | €150,868 | -€1,479 | -1.0% |
| Plant, machinery and equipment | 23 | €14,971 | €9,324 | -€5,647 | -37.7% |
| Furniture and vehicles | 24 | €98,340 | €66,164 | -€32,176 | -32.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €235,550 | €327,894 | +€92,345 | +39.2% |
| Stocks and contracts in progress | 3 | €14,322 | €6,560 | -€7,762 | -54.2% |
| Stocks | 30/36 | €14,322 | €6,560 | -€7,762 | -54.2% |
| Amounts receivable within one year | 40/41 | €28,525 | €28,220 | -€305 | -1.1% |
| Trade receivables | 40 | €27,769 | €26,948 | -€821 | -3.0% |
| Other amounts receivable | 41 | €756 | €1,272 | +€516 | +68.2% |
| Current investments | 50/53 | - | €90,833 | +€90,833 | |
| Cash at bank and in hand | 54/58 | €188,291 | €199,487 | +€11,196 | +5.9% |
| Deferred charges and accrued income | 490/1 | €4,411 | €2,794 | -€1,617 | -36.7% |
| Total equity and liabilities | 10/49 | €501,342 | €554,385 | +€53,043 | +10.6% |
| Equity | 10/15 | €408,060 | €434,973 | +€26,913 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €389,460 | €416,373 | +€26,913 | +6.9% |
| Tax-exempt reserves | 132 | €129 | €129 | = | 0.0% |
| Distributable reserves | 133 | €389,331 | €416,245 | +€26,913 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,282 | €119,412 | +€26,130 | +28.0% |
| Amounts payable after more than one year | 17 | €14,752 | €8,598 | -€6,154 | -41.7% |
| Financial debts | 170/4 | €14,752 | €8,598 | -€6,154 | -41.7% |
| Amounts payable within one year | 42/48 | €78,474 | €110,707 | +€32,233 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €5,910 | €6,154 | +€244 | +4.1% |
| Trade debts | 44 | €15,363 | €14,884 | -€479 | -3.1% |
| Suppliers | 440/4 | €15,363 | €14,884 | -€479 | -3.1% |
| Advances received on contracts in progress | 46 | €183 | €170 | -€13 | -7.1% |
| Taxes, remuneration and social security | 45 | €6,115 | €11,831 | +€5,717 | +93.5% |
| Taxes | 450/3 | €6,115 | €9,946 | +€3,831 | +62.7% |
| Remuneration and social security | 454/9 | - | €1,886 | +€1,886 | |
| Other amounts payable | 47/48 | €50,903 | €77,668 | +€26,765 | +52.6% |
| Accrued charges and deferred income | 492/3 | €57 | €107 | +€50 | +87.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65,975 | €87,976 | +€22,001 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,997 | €44,744 | -€2,253 | -4.8% |
| Other operating charges | 640/8 | €2,707 | €3,593 | +€886 | +32.7% |
| Gross operating margin | 9900 | €189,593 | €280,151 | +€90,558 | +47.8% |
| Operating profit (loss) | 9901 | €73,913 | €143,838 | +€69,925 | +94.6% |
| Financial income | 75/76B | €1,853 | €3,394 | +€1,541 | +83.2% |
| Recurring financial income | 75 | €1,853 | €3,394 | +€1,541 | +83.2% |
| Financial charges | 65/66B | €1,789 | €1,474 | -€314 | -17.6% |
| Recurring financial charges | 65 | €1,789 | €1,474 | -€314 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €73,978 | €145,758 | +€71,780 | +97.0% |
| Income taxes | 67/77 | €21,519 | €43,449 | +€21,930 | +102% |
| Profit (loss) for the period | 9904 | €52,458 | €102,309 | +€49,850 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,458 | €102,309 | +€49,850 | +95.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.