VAN DE VELDE ENGINEERING: 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 ENGINEERING
Largest movements
- Stocks and contracts +€184,059
up €184,059 (+69.8%), from €263,817 to €447,876
of which Stocks: +€196,781
- Tangible fixed assets -€161,797
down €161,797 (-14.9%), from €1.1m to €925,743
of which Leasing and similar rights: -€104,070
- Cash -€48,707
down €48,707 (-72.7%), from €66,956 to €18,249
mainly Stocks and contracts (-€184,059) and Debts after one year (-€100,047)
- Receivables within one year -€40,475
down €40,475 (-11.4%), from €354,739 to €314,265
of which Trade receivables: -€55,360
- Debts after one year -€100,047
down €100,047 (-14.4%), from €696,393 to €596,346
- Current portion of long-term debt -€93,317
down €93,317 (-41.8%), from €223,450 to €130,132
- Trade debts +€92,457
up €92,457 (+48.2%), from €191,881 to €284,338
- Short-term financial debts +€48,506
up €48,506 (+27.7%), from €175,000 to €223,506
- Tax, wage and social debts -€36,477
down €36,477 (-35.9%), from €101,628 to €65,151
of which Taxes: -€34,009
- Gross operating margin -€97,368
down €97,368 (-9.7%), from €1.0m to €905,394
- Taxes -€16,311
down €16,311 (-57.2%), from €28,533 to €12,222
- Other operating charges -€14,900
down €14,900 (-68.5%), from €21,757 to €6,857
- Depreciation +€11,499
up €11,499 (+6.5%), from €178,048 to €189,547
- Staff costs +€10,141
up €10,141 (+1.7%), from €594,673 to €604,814
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 | €1,793,771 | €1,732,743 | -€61,028 | -3.4% |
| Fixed assets | 21/28 | €1,099,802 | €936,341 | -€163,461 | -14.9% |
| Intangible fixed assets | 21 | €11,072 | €9,858 | -€1,214 | -11.0% |
| Tangible fixed assets | 22/27 | €1,087,540 | €925,743 | -€161,797 | -14.9% |
| Plant, machinery and equipment | 23 | €261,091 | €209,395 | -€51,696 | -19.8% |
| Furniture and vehicles | 24 | €11,789 | €7,637 | -€4,152 | -35.2% |
| Leasing and similar rights | 25 | €800,085 | €696,015 | -€104,070 | -13.0% |
| Other tangible fixed assets | 26 | €14,575 | €12,697 | -€1,878 | -12.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,190 | €740 | -€450 | -37.8% |
| Current assets | 29/58 | €693,969 | €796,402 | +€102,433 | +14.8% |
| Stocks and contracts in progress | 3 | €263,817 | €447,876 | +€184,059 | +69.8% |
| Stocks | 30/36 | €227,042 | €423,823 | +€196,781 | +86.7% |
| Contracts in progress | 37 | €36,775 | €24,053 | -€12,722 | -34.6% |
| Amounts receivable within one year | 40/41 | €354,739 | €314,265 | -€40,475 | -11.4% |
| Trade receivables | 40 | €348,116 | €292,756 | -€55,360 | -15.9% |
| Other amounts receivable | 41 | €6,623 | €21,509 | +€14,886 | +225% |
| Cash at bank and in hand | 54/58 | €66,956 | €18,249 | -€48,707 | -72.7% |
| Deferred charges and accrued income | 490/1 | €8,457 | €16,012 | +€7,555 | +89.3% |
| Total equity and liabilities | 10/49 | €1,793,771 | €1,732,743 | -€61,028 | -3.4% |
| Equity | 10/15 | €400,134 | €433,270 | +€33,136 | +8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €380,859 | €414,678 | +€33,818 | +8.9% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Distributable reserves | 133 | €379,000 | €414,678 | +€35,678 | +9.4% |
| Profit (loss) carried forward | 14 | €683 | €0 | -€683 | -100% |
| Amounts payable | 17/49 | €1,393,637 | €1,299,473 | -€94,164 | -6.8% |
| Amounts payable after more than one year | 17 | €696,393 | €596,346 | -€100,047 | -14.4% |
| Financial debts | 170/4 | €696,393 | €596,346 | -€100,047 | -14.4% |
| Amounts payable within one year | 42/48 | €695,666 | €703,127 | +€7,461 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €223,450 | €130,132 | -€93,317 | -41.8% |
| Financial debts | 43 | €175,000 | €223,506 | +€48,506 | +27.7% |
| Credit institutions | 430/8 | €175,000 | €223,506 | +€48,506 | +27.7% |
| Trade debts | 44 | €191,881 | €284,338 | +€92,457 | +48.2% |
| Suppliers | 440/4 | €191,881 | €284,338 | +€92,457 | +48.2% |
| Taxes, remuneration and social security | 45 | €101,628 | €65,151 | -€36,477 | -35.9% |
| Taxes | 450/3 | €44,169 | €10,160 | -€34,009 | -77.0% |
| Remuneration and social security | 454/9 | €57,459 | €54,991 | -€2,468 | -4.3% |
| Other amounts payable | 47/48 | €3,707 | €0 | -€3,707 | -100% |
| Accrued charges and deferred income | 492/3 | €1,578 | €0 | -€1,578 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €594,673 | €604,814 | +€10,141 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,048 | €189,547 | +€11,499 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €21,757 | €6,857 | -€14,900 | -68.5% |
| Non-recurring operating charges | 66A | - | €14,908 | +€14,908 | |
| Gross operating margin | 9900 | €1,002,762 | €905,394 | -€97,368 | -9.7% |
| Operating profit (loss) | 9901 | €208,284 | €89,268 | -€119,016 | -57.1% |
| Financial income | 75/76B | €1 | €76 | +€75 | +9,299% |
| Recurring financial income | 75 | €1 | €76 | +€75 | +9,299% |
| Financial charges | 65/66B | €52,081 | €43,987 | -€8,095 | -15.5% |
| Recurring financial charges | 65 | €52,081 | €43,987 | -€8,095 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €156,204 | €45,358 | -€110,846 | -71.0% |
| Income taxes | 67/77 | €28,533 | €12,222 | -€16,311 | -57.2% |
| Profit (loss) for the period | 9904 | €127,671 | €33,136 | -€94,535 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,671 | €33,136 | -€94,535 | -74.0% |
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 14 October 2026 via checked.be.