Van de Sande: 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 de Sande
Largest movements
- Receivables within one year +€17,072
up €17,072 (+117%), from €14,534 to €31,606
of which Other amounts receivable: +€16,685
- Cash -€10,587
down €10,587 (-90.7%), from €11,672 to €1,086
mainly Receivables within one year (-€17,072) and Debts after one year (-€7,181)
- Tangible fixed assets -€7,859
down €7,859 (-38.1%), from €20,639 to €12,780
of which Furniture and vehicles: -€8,432
- Debts after one year -€7,181
down €7,181 (-35.6%), from €20,163 to €12,982
- Trade debts +€6,127
up €6,127 (+586%), from €1,046 to €7,173
- Profit (loss) carried forward -€1,493
down €1,493 (-53.2%), from -€2,807 to -€4,300
- Tax, wage and social debts +€986
up €986 (+10.9%), from €9,041 to €10,027
- Gross operating margin -€4,936
down €4,936 (-24.3%), from €20,316 to €15,380
- Taxes -€853
down €853 (-33.0%), from €2,582 to €1,729
- Other operating charges +€622
up €622 (+74.4%), from €836 to €1,458
- Financial income +€373
up €373 (+35.9%), from €1,039 to €1,412
- Financial charges -€213
down €213 (-9.5%), from €2,247 to €2,033
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 | €85,336 | €83,942 | -€1,394 | -1.6% |
| Formation expenses | 20 | €2,144 | €1,606 | -€537 | -25.1% |
| Fixed assets | 21/28 | €55,121 | €47,262 | -€7,859 | -14.3% |
| Tangible fixed assets | 22/27 | €20,639 | €12,780 | -€7,859 | -38.1% |
| Plant, machinery and equipment | 23 | €2,731 | €3,303 | +€572 | +21.0% |
| Furniture and vehicles | 24 | €17,909 | €9,477 | -€8,432 | -47.1% |
| Financial fixed assets | 28 | €34,482 | €34,482 | = | 0.0% |
| Current assets | 29/58 | €28,071 | €35,074 | +€7,003 | +24.9% |
| Amounts receivable within one year | 40/41 | €14,534 | €31,606 | +€17,072 | +117% |
| Trade receivables | 40 | €9,117 | €9,504 | +€387 | +4.2% |
| Other amounts receivable | 41 | €5,417 | €22,102 | +€16,685 | +308% |
| Cash at bank and in hand | 54/58 | €11,672 | €1,086 | -€10,587 | -90.7% |
| Deferred charges and accrued income | 490/1 | €1,865 | €2,382 | +€517 | +27.7% |
| Total equity and liabilities | 10/49 | €85,336 | €83,942 | -€1,394 | -1.6% |
| Equity | 10/15 | €48,072 | €46,579 | -€1,493 | -3.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,879 | €49,879 | = | 0.0% |
| Distributable reserves | 133 | €49,879 | €49,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,807 | -€4,300 | -€1,493 | -53.2% |
| Amounts payable | 17/49 | €37,264 | €37,363 | +€99 | +0.3% |
| Amounts payable after more than one year | 17 | €20,163 | €12,982 | -€7,181 | -35.6% |
| Financial debts | 170/4 | €20,163 | €12,982 | -€7,181 | -35.6% |
| Amounts payable within one year | 42/48 | €17,101 | €24,381 | +€7,280 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €7,014 | €7,181 | +€168 | +2.4% |
| Trade debts | 44 | €1,046 | €7,173 | +€6,127 | +586% |
| Suppliers | 440/4 | €1,046 | €7,173 | +€6,127 | +586% |
| Taxes, remuneration and social security | 45 | €9,041 | €10,027 | +€986 | +10.9% |
| Taxes | 450/3 | €9,041 | €10,027 | +€986 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,533 | €12,645 | +€112 | +0.9% |
| Other operating charges | 640/8 | €836 | €1,458 | +€622 | +74.4% |
| Non-recurring operating charges | 66A | - | €420 | +€420 | |
| Gross operating margin | 9900 | €20,316 | €15,380 | -€4,936 | -24.3% |
| Operating profit (loss) | 9901 | €6,947 | €858 | -€6,090 | -87.7% |
| Financial income | 75/76B | €1,039 | €1,412 | +€373 | +35.9% |
| Recurring financial income | 75 | €1,039 | €1,412 | +€373 | +35.9% |
| Financial charges | 65/66B | €2,247 | €2,033 | -€213 | -9.5% |
| Recurring financial charges | 65 | €2,247 | €2,033 | -€213 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €5,740 | €237 | -€5,503 | -95.9% |
| Income taxes | 67/77 | €2,582 | €1,729 | -€853 | -33.0% |
| Profit (loss) for the period | 9904 | €3,158 | -€1,493 | -€4,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,158 | -€1,493 | -€4,650 |
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 16 October 2026 via checked.be.