VAN DE VELDE BERT: 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 BERT
Largest movements
- Tangible fixed assets -€27,664
down €27,664 (-39.0%), from €70,986 to €43,322
- Stocks and contracts +€22,179
up €22,179 (+318%), from €6,971 to €29,150
of which Contracts in progress: +€21,500
- Cash +€13,985
up €13,985 (+7.7%), from €182,189 to €196,173
mainly Depreciation (+€27,664) and Net result for the year (+€17,007)
- Receivables within one year +€2,969
up €2,969 (+17.1%), from €17,353 to €20,322
of which Trade receivables: +€2,801
- Reserves +€17,007
up €17,007 (+16.2%), from €104,977 to €121,984
- Debts after one year -€10,792
down €10,792 (-9.0%), from €120,166 to €109,375
of which Financial debts: -€15,040
- Trade debts +€8,425
up €8,425 (+13,340%), from €63 to €8,489
- Tax, wage and social debts -€5,513
down €5,513 (-42.7%), from €12,918 to €7,405
of which Taxes: -€5,513
- Gross operating margin -€40,488
down €40,488 (-38.5%), from €105,215 to €64,728
- Taxes -€10,239
down €10,239 (-57.3%), from €17,865 to €7,626
- Depreciation +€3,320
up €3,320 (+13.6%), from €24,345 to €27,664
- Write-downs -€2,258
down €2,258 (-100%), from €2,258 to €0
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 | €279,250 | €289,500 | +€10,250 | +3.7% |
| Fixed assets | 21/28 | €70,986 | €43,322 | -€27,664 | -39.0% |
| Tangible fixed assets | 22/27 | €70,986 | €43,322 | -€27,664 | -39.0% |
| Land and buildings | 22 | €10,217 | €209 | -€10,008 | -98.0% |
| Plant, machinery and equipment | 23 | €18,158 | €12,860 | -€5,298 | -29.2% |
| Furniture and vehicles | 24 | €39,015 | €30,253 | -€8,762 | -22.5% |
| Other tangible fixed assets | 26 | €3,597 | €0 | -€3,597 | -100% |
| Current assets | 29/58 | €208,264 | €246,178 | +€37,914 | +18.2% |
| Stocks and contracts in progress | 3 | €6,971 | €29,150 | +€22,179 | +318% |
| Stocks | 30/36 | €6,971 | €7,650 | +€679 | +9.7% |
| Contracts in progress | 37 | €0 | €21,500 | +€21,500 | |
| Amounts receivable within one year | 40/41 | €17,353 | €20,322 | +€2,969 | +17.1% |
| Trade receivables | 40 | €2,818 | €5,619 | +€2,801 | +99.4% |
| Other amounts receivable | 41 | €14,535 | €14,703 | +€168 | +1.2% |
| Cash at bank and in hand | 54/58 | €182,189 | €196,173 | +€13,985 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,751 | €533 | -€1,219 | -69.6% |
| Total equity and liabilities | 10/49 | €279,250 | €289,500 | +€10,250 | +3.7% |
| Equity | 10/15 | €124,977 | €141,984 | +€17,007 | +13.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €104,977 | €121,984 | +€17,007 | +16.2% |
| Distributable reserves | 133 | €104,977 | €121,984 | +€17,007 | +16.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €154,274 | €147,517 | -€6,757 | -4.4% |
| Amounts payable after more than one year | 17 | €120,166 | €109,375 | -€10,792 | -9.0% |
| Financial debts | 170/4 | €33,647 | €18,607 | -€15,040 | -44.7% |
| Other amounts payable | 178/9 | €86,520 | €90,768 | +€4,248 | +4.9% |
| Amounts payable within one year | 42/48 | €28,670 | €30,934 | +€2,264 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €15,688 | €15,040 | -€648 | -4.1% |
| Trade debts | 44 | €63 | €8,489 | +€8,425 | +13,340% |
| Suppliers | 440/4 | €63 | €8,489 | +€8,425 | +13,340% |
| Taxes, remuneration and social security | 45 | €12,918 | €7,405 | -€5,513 | -42.7% |
| Taxes | 450/3 | €10,918 | €5,405 | -€5,513 | -50.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,438 | €7,208 | +€1,771 | +32.6% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,345 | €27,664 | +€3,320 | +13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,258 | €0 | -€2,258 | -100% |
| Other operating charges | 640/8 | €4,691 | €4,888 | +€197 | +4.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €105,215 | €64,728 | -€40,488 | -38.5% |
| Operating profit (loss) | 9901 | €73,922 | €32,175 | -€41,747 | -56.5% |
| Financial income | 75/76B | €221 | €965 | +€744 | +337% |
| Recurring financial income | 75 | €221 | €965 | +€744 | +337% |
| Financial charges | 65/66B | €8,769 | €8,508 | -€261 | -3.0% |
| Recurring financial charges | 65 | €8,769 | €8,508 | -€261 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €65,375 | €24,633 | -€40,742 | -62.3% |
| Income taxes | 67/77 | €17,865 | €7,626 | -€10,239 | -57.3% |
| Profit (loss) for the period | 9904 | €47,510 | €17,007 | -€30,503 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,510 | €17,007 | -€30,503 | -64.2% |
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.