VAN DAM WERNER: 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 DAM WERNER
Largest movements
- Cash +€15,572
up €15,572 (+66.2%), from €23,520 to €39,092
mainly Net result for the year (+€31,535) and Receivables after one year (+€10,000)
- Receivables after one year -€10,000
down €10,000 (-10.0%), from €100,000 to €90,000
- Tangible fixed assets -€8,618
down €8,618 (-2.7%), from €324,140 to €315,522
of which Land and buildings: -€5,513
- Reserves +€31,535
up €31,535 (+18.4%), from €171,652 to €203,187
- Debts after one year -€16,204
down €16,204 (-11.4%), from €141,883 to €125,679
- Other debts -€13,169
down €13,169 (-86.5%), from €15,231 to €2,062
- Gross operating margin +€12,473
up €12,473 (+27.6%), from €45,246 to €57,719
- Taxes +€3,897
up €3,897 (+48.6%), from €8,020 to €11,917
- Other operating charges -€903
down €903 (-50.1%), from €1,802 to €900
- Financial charges -€749
down €749 (-10.1%), from €7,409 to €6,660
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 | €497,789 | €496,911 | -€878 | -0.2% |
| Fixed assets | 21/28 | €324,140 | €315,522 | -€8,618 | -2.7% |
| Tangible fixed assets | 22/27 | €324,140 | €315,522 | -€8,618 | -2.7% |
| Land and buildings | 22 | €308,627 | €303,114 | -€5,513 | -1.8% |
| Plant, machinery and equipment | 23 | €14,135 | €11,872 | -€2,263 | -16.0% |
| Furniture and vehicles | 24 | €1,379 | €536 | -€843 | -61.1% |
| Current assets | 29/58 | €173,649 | €181,389 | +€7,740 | +4.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Other amounts receivable | 291 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Amounts receivable within one year | 40/41 | €17,683 | €19,711 | +€2,028 | +11.5% |
| Trade receivables | 40 | €12,806 | €14,207 | +€1,401 | +10.9% |
| Other amounts receivable | 41 | €4,877 | €5,503 | +€627 | +12.8% |
| Current investments | 50/53 | €32,000 | €32,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,520 | €39,092 | +€15,572 | +66.2% |
| Deferred charges and accrued income | 490/1 | €445 | €586 | +€141 | +31.6% |
| Total equity and liabilities | 10/49 | €497,789 | €496,911 | -€878 | -0.2% |
| Equity | 10/15 | €313,810 | €345,345 | +€31,535 | +10.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €171,652 | €203,187 | +€31,535 | +18.4% |
| Distributable reserves | 133 | €171,652 | €203,187 | +€31,535 | +18.4% |
| Profit (loss) carried forward | 14 | €135,961 | €135,961 | = | 0.0% |
| Amounts payable | 17/49 | €183,979 | €151,566 | -€32,413 | -17.6% |
| Amounts payable after more than one year | 17 | €141,883 | €125,679 | -€16,204 | -11.4% |
| Financial debts | 170/4 | €141,883 | €125,679 | -€16,204 | -11.4% |
| Amounts payable within one year | 42/48 | €42,096 | €25,888 | -€16,209 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €17,594 | €16,204 | -€1,390 | -7.9% |
| Trade debts | 44 | €1,883 | €2,298 | +€416 | +22.1% |
| Suppliers | 440/4 | €1,883 | €2,298 | +€416 | +22.1% |
| Taxes, remuneration and social security | 45 | €7,389 | €5,324 | -€2,066 | -28.0% |
| Taxes | 450/3 | €7,389 | €5,324 | -€2,066 | -28.0% |
| Other amounts payable | 47/48 | €15,231 | €2,062 | -€13,169 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,156 | €9,713 | -€443 | -4.4% |
| Other operating charges | 640/8 | €1,802 | €900 | -€903 | -50.1% |
| Gross operating margin | 9900 | €45,246 | €57,719 | +€12,473 | +27.6% |
| Operating profit (loss) | 9901 | €33,287 | €47,107 | +€13,819 | +41.5% |
| Financial income | 75/76B | €3,426 | €3,006 | -€420 | -12.3% |
| Recurring financial income | 75 | €3,426 | €3,006 | -€420 | -12.3% |
| Financial charges | 65/66B | €7,409 | €6,660 | -€749 | -10.1% |
| Recurring financial charges | 65 | €7,409 | €6,660 | -€749 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €29,304 | €43,452 | +€14,148 | +48.3% |
| Income taxes | 67/77 | €8,020 | €11,917 | +€3,897 | +48.6% |
| Profit (loss) for the period | 9904 | €21,284 | €31,535 | +€10,251 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,284 | €31,535 | +€10,251 | +48.2% |
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 19 October 2026 via checked.be.