VAN DE VELDE: 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 VELDE
Largest movements
- Tangible fixed assets +€25,118
up €25,118 (+63.1%), from €39,826 to €64,944
- Cash -€17,390
down €17,390 (-7.9%), from €219,444 to €202,054
mainly Investment in fixed assets (net) (-€36,130) and Trade debts (-€7,047)
- Reserves +€10,000
up €10,000 (+59.3%), from €16,859 to €26,859
- Trade debts -€7,047
down €7,047 (-96.7%), from €7,286 to €239
- Profit (loss) carried forward +€2,828
up €2,828 (+1.5%), from €193,767 to €196,595
- Depreciation +€6,854
up €6,854 (+165%), from €4,159 to €11,013
- Financial income +€2,315
up €2,315 (+77.1%), from €3,002 to €5,317
- Gross operating margin -€867
down €867 (-3.1%), from €27,595 to €26,728
- Financial charges -€866
down €866 (-32.9%), from €2,634 to €1,768
- Taxes -€677
down €677 (-11.8%), from €5,732 to €5,055
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 | €265,591 | €272,171 | +€6,580 | +2.5% |
| Fixed assets | 21/28 | €39,826 | €64,944 | +€25,118 | +63.1% |
| Tangible fixed assets | 22/27 | €39,826 | €64,944 | +€25,118 | +63.1% |
| Furniture and vehicles | 24 | €39,826 | €64,944 | +€25,118 | +63.1% |
| Current assets | 29/58 | €225,765 | €207,227 | -€18,538 | -8.2% |
| Stocks and contracts in progress | 3 | €315 | €536 | +€221 | +70.3% |
| Stocks | 30/36 | €315 | €536 | +€221 | +70.3% |
| Amounts receivable within one year | 40/41 | €5,932 | €4,130 | -€1,803 | -30.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,932 | €4,130 | -€1,803 | -30.4% |
| Cash at bank and in hand | 54/58 | €219,444 | €202,054 | -€17,390 | -7.9% |
| Deferred charges and accrued income | 490/1 | €74 | €508 | +€433 | +585% |
| Total equity and liabilities | 10/49 | €265,591 | €272,171 | +€6,580 | +2.5% |
| Equity | 10/15 | €229,218 | €242,046 | +€12,828 | +5.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,859 | €26,859 | +€10,000 | +59.3% |
| Distributable reserves | 133 | €16,859 | €26,859 | +€10,000 | +59.3% |
| Profit (loss) carried forward | 14 | €193,767 | €196,595 | +€2,828 | +1.5% |
| Amounts payable | 17/49 | €36,374 | €30,125 | -€6,249 | -17.2% |
| Amounts payable within one year | 42/48 | €36,374 | €30,125 | -€6,249 | -17.2% |
| Trade debts | 44 | €7,286 | €239 | -€7,047 | -96.7% |
| Suppliers | 440/4 | €7,286 | €239 | -€7,047 | -96.7% |
| Taxes, remuneration and social security | 45 | €4,472 | €4,388 | -€84 | -1.9% |
| Taxes | 450/3 | €2,227 | €2,392 | +€164 | +7.4% |
| Remuneration and social security | 454/9 | €2,245 | €1,996 | -€249 | -11.1% |
| Other amounts payable | 47/48 | €24,616 | €25,498 | +€883 | +3.6% |
| Non-recurring operating income | 76A | €400 | €7,240 | +€6,840 | +1,710% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,159 | €11,013 | +€6,854 | +165% |
| Other operating charges | 640/8 | €1,179 | €1,381 | +€202 | +17.2% |
| Gross operating margin | 9900 | €27,595 | €26,728 | -€867 | -3.1% |
| Operating profit (loss) | 9901 | €22,258 | €14,334 | -€7,924 | -35.6% |
| Financial income | 75/76B | €3,002 | €5,317 | +€2,315 | +77.1% |
| Recurring financial income | 75 | €3,002 | €5,317 | +€2,315 | +77.1% |
| Financial charges | 65/66B | €2,634 | €1,768 | -€866 | -32.9% |
| Recurring financial charges | 65 | €2,634 | €1,768 | -€866 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €22,627 | €17,883 | -€4,743 | -21.0% |
| Income taxes | 67/77 | €5,732 | €5,055 | -€677 | -11.8% |
| Profit (loss) for the period | 9904 | €16,895 | €12,828 | -€4,066 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,895 | €12,828 | -€4,066 | -24.1% |
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 25 October 2026 via checked.be.