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 -€15,839
down €15,839 (-10.1%), from €157,188 to €141,349
of which Other tangible fixed assets: -€11,201
- Cash +€8,269
up €8,269 (+21.5%), from €38,538 to €46,807
mainly Depreciation (+€16,995) and Net result for the year (+€11,937)
- Debts after one year -€14,255
down €14,255 (-24.3%), from €58,768 to €44,513
- Profit (loss) carried forward +€11,937
up €11,937 (+75.6%), from -€15,781 to -€3,843
- Trade debts -€2,794
down €2,794 (-80.2%), from €3,482 to €688
- Tax, wage and social debts -€2,301
no longer reported in 2025 (was €2,301)
- Accrued charges and deferred income +€1,989
up €1,989 (+53.5%), from €3,716 to €5,705
- Gross operating margin +€18,064
up €18,064 (+96.3%), from €18,765 to €36,828
- Depreciation -€946
down €946 (-5.3%), from €17,941 to €16,995
- Other operating charges +€577
up €577 (+9.6%), from €5,985 to €6,562
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 | €198,454 | €192,746 | -€5,708 | -2.9% |
| Fixed assets | 21/28 | €157,188 | €141,349 | -€15,839 | -10.1% |
| Tangible fixed assets | 22/27 | €157,188 | €141,349 | -€15,839 | -10.1% |
| Land and buildings | 22 | €7,043 | €6,163 | -€880 | -12.5% |
| Plant, machinery and equipment | 23 | €31,174 | €27,416 | -€3,758 | -12.1% |
| Other tangible fixed assets | 26 | €118,971 | €107,770 | -€11,201 | -9.4% |
| Current assets | 29/58 | €41,266 | €51,397 | +€10,131 | +24.6% |
| Amounts receivable within one year | 40/41 | €2,728 | €4,589 | +€1,862 | +68.3% |
| Trade receivables | 40 | €2,676 | €4,589 | +€1,914 | +71.5% |
| Other amounts receivable | 41 | €52 | - | -€52 | |
| Cash at bank and in hand | 54/58 | €38,538 | €46,807 | +€8,269 | +21.5% |
| Total equity and liabilities | 10/49 | €198,454 | €192,746 | -€5,708 | -2.9% |
| Equity | 10/15 | €4,679 | €16,617 | +€11,937 | +255% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,781 | -€3,843 | +€11,937 | +75.6% |
| Amounts payable | 17/49 | €193,774 | €176,129 | -€17,645 | -9.1% |
| Amounts payable after more than one year | 17 | €58,768 | €44,513 | -€14,255 | -24.3% |
| Financial debts | 170/4 | €58,768 | €44,513 | -€14,255 | -24.3% |
| Amounts payable within one year | 42/48 | €131,290 | €125,911 | -€5,380 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €14,255 | €14,255 | = | 0.0% |
| Trade debts | 44 | €3,482 | €688 | -€2,794 | -80.2% |
| Suppliers | 440/4 | €3,482 | €688 | -€2,794 | -80.2% |
| Taxes, remuneration and social security | 45 | €2,301 | - | -€2,301 | |
| Taxes | 450/3 | €2,301 | - | -€2,301 | |
| Other amounts payable | 47/48 | €111,253 | €110,968 | -€285 | -0.3% |
| Accrued charges and deferred income | 492/3 | €3,716 | €5,705 | +€1,989 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,941 | €16,995 | -€946 | -5.3% |
| Other operating charges | 640/8 | €5,985 | €6,562 | +€577 | +9.6% |
| Gross operating margin | 9900 | €18,765 | €36,828 | +€18,064 | +96.3% |
| Operating profit (loss) | 9901 | -€5,161 | €13,271 | +€18,432 | |
| Financial income | 75/76B | €138 | - | -€138 | |
| Recurring financial income | 75 | €138 | - | -€138 | |
| Financial charges | 65/66B | €1,219 | €1,137 | -€83 | -6.8% |
| Recurring financial charges | 65 | €1,219 | €1,137 | -€83 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,242 | €12,135 | +€18,377 | |
| Income taxes | 67/77 | - | €198 | +€198 | |
| Profit (loss) for the period | 9904 | -€6,242 | €11,937 | +€18,179 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,242 | €11,937 | +€18,179 |
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 15 October 2026 via checked.be.