VAN DAELE-VANDERSTEENE: 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-VANDERSTEENE
Largest movements
- Cash +€65,579
up €65,579 (+13.0%), from €504,929 to €570,508
mainly Net result for the year (+€152,999) and Other debts (+€68,893)
- Tangible fixed assets -€16,544
down €16,544 (-23.7%), from €69,683 to €53,139
of which Furniture and vehicles: -€13,650
- Receivables after one year +€15,000
new in 2025: €15,000
- Other debts +€68,893
up €68,893 (+359%), from €19,174 to €88,067
- Tax, wage and social debts -€33,443
down €33,443 (-84.5%), from €39,576 to €6,133
- Reserves +€30,337
up €30,337 (+3.1%), from €971,854 to €1.0m
- Gross operating margin -€41,464
down €41,464 (-14.6%), from €284,289 to €242,825
- Taxes -€17,457
down €17,457 (-19.9%), from €87,695 to €70,238
- Depreciation +€3,957
up €3,957 (+29.1%), from €13,576 to €17,532
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 | €1,064,261 | €1,137,908 | +€73,647 | +6.9% |
| Fixed assets | 21/28 | €69,683 | €53,139 | -€16,544 | -23.7% |
| Tangible fixed assets | 22/27 | €69,683 | €53,139 | -€16,544 | -23.7% |
| Plant, machinery and equipment | 23 | €4,540 | €2,399 | -€2,141 | -47.2% |
| Furniture and vehicles | 24 | €59,758 | €46,108 | -€13,650 | -22.8% |
| Other tangible fixed assets | 26 | €5,385 | €4,631 | -€753 | -14.0% |
| Current assets | 29/58 | €994,578 | €1,084,769 | +€90,191 | +9.1% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €7,305 | €12,067 | +€4,762 | +65.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,305 | €12,067 | +€4,762 | +65.2% |
| Current investments | 50/53 | €479,756 | €479,756 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €504,929 | €570,508 | +€65,579 | +13.0% |
| Deferred charges and accrued income | 490/1 | €2,589 | €7,438 | +€4,849 | +187% |
| Total equity and liabilities | 10/49 | €1,064,261 | €1,137,908 | +€73,647 | +6.9% |
| Equity | 10/15 | €996,854 | €1,027,191 | +€30,337 | +3.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €971,854 | €1,002,191 | +€30,337 | +3.1% |
| Distributable reserves | 133 | €971,854 | €1,002,191 | +€30,337 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,407 | €110,717 | +€43,310 | +64.3% |
| Amounts payable within one year | 42/48 | €67,407 | €110,283 | +€42,876 | +63.6% |
| Trade debts | 44 | €8,658 | €16,083 | +€7,426 | +85.8% |
| Suppliers | 440/4 | €8,658 | €16,083 | +€7,426 | +85.8% |
| Taxes, remuneration and social security | 45 | €39,576 | €6,133 | -€33,443 | -84.5% |
| Taxes | 450/3 | €39,576 | €6,133 | -€33,443 | -84.5% |
| Other amounts payable | 47/48 | €19,174 | €88,067 | +€68,893 | +359% |
| Accrued charges and deferred income | 492/3 | €0 | €434 | +€434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,576 | €17,532 | +€3,957 | +29.1% |
| Other operating charges | 640/8 | €2,077 | €1,876 | -€201 | -9.7% |
| Gross operating margin | 9900 | €284,289 | €242,825 | -€41,464 | -14.6% |
| Operating profit (loss) | 9901 | €268,637 | €223,417 | -€45,219 | -16.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €204 | €180 | -€24 | -11.5% |
| Recurring financial charges | 65 | €204 | €180 | -€24 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €268,433 | €223,237 | -€45,196 | -16.8% |
| Income taxes | 67/77 | €87,695 | €70,238 | -€17,457 | -19.9% |
| Profit (loss) for the period | 9904 | €180,738 | €152,999 | -€27,739 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €180,738 | €152,999 | -€27,739 | -15.3% |
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 17 October 2026 via checked.be.