VAN dE VELDE HOUT: 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.
What changed
VAN dE VELDE HOUT
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€24,144
2024 · €55,059-€30,915
Equity
€3.8m
2024 · €3.7m+€24,144
Cash
€1,845
2024 · €7,367-€5,522
Balance sheet total
€8.0m
2024 · €8.2m-€279,643
Largest movements
Assets
- Tangible fixed assets -€261,741
down €261,741 (-8.8%), from €3.0m to €2.7m
of which Land and buildings: -€231,767
Equity and liabilities
- Trade debts -€230,194
down €230,194 (-27.3%), from €844,047 to €613,854
- Reserves +€135,719
up €135,719 (+6.1%), from €2.2m to €2.3m
of which Distributable reserves: +€135,719
- Revaluation surpluses -€111,575
down €111,575 (-10.0%), from €1.1m to €1.0m
- Short-term financial debts -€104,803
down €104,803 (-20.3%), from €517,087 to €412,284
Income statement
- Turnover +€5.9m
new in 2025: €5.9m
- Purchases and services +€4.8m
new in 2025: €4.8m
- Depreciation -€77,888
down €77,888 (-25.6%), from €304,235 to €226,347
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.
Result 2024
€55,059
Gross operating margin
-€3,866
Staff costs
-€21,958
Depreciation
+€77,888
Other operating charges
-€1,733
Other operating items
-€122,131
Financial income
-€3,950
Financial charges
+€23,843
Taxes
+€20,991
Result 2025
€24,144
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€23,136
Investment
+€35,394
Financing
-€64,052
Cash 2024
€7,367
From operations (derived)
+€23,136
Net result for the year
+€24,144
Depreciation
+€226,347
Stocks and contracts
+€22,221
Receivables within one year
-€9,510
Smaller working-capital items
+€189
Trade debts
-€230,194
Tax, wage and social debts
-€8,355
Other debts
-€1,704
Investment (derived)
+€35,394
Investment in fixed assets (net)
+€35,394
Financing
-€64,052
Debts after one year
+€43,058
Current portion of long-term debt
-€2,308
Short-term financial debts
-€104,803
Cash 2025
€1,845
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,248,610 | €7,968,967 | -€279,643 | -3.4% |
| Fixed assets | 21/28 | €2,979,533 | €2,717,792 | -€261,741 | -8.8% |
| Tangible fixed assets | 22/27 | €2,979,533 | €2,717,792 | -€261,741 | -8.8% |
| Land and buildings | 22 | €2,753,730 | €2,521,963 | -€231,767 | -8.4% |
| Plant, machinery and equipment | 23 | €188,964 | €157,326 | -€31,637 | -16.7% |
| Furniture and vehicles | 24 | €30,824 | €35,250 | +€4,427 | +14.4% |
| Other tangible fixed assets | 26 | €6,016 | €3,252 | -€2,763 | -45.9% |
| Current assets | 29/58 | €5,269,077 | €5,251,175 | -€17,902 | -0.3% |
| Stocks and contracts in progress | 3 | €3,193,920 | €3,171,699 | -€22,221 | -0.7% |
| Stocks | 30/36 | €3,193,920 | €3,171,699 | -€22,221 | -0.7% |
| Amounts receivable within one year | 40/41 | €2,067,261 | €2,076,771 | +€9,510 | +0.5% |
| Trade receivables | 40 | €1,986,328 | €1,943,503 | -€42,825 | -2.2% |
| Other amounts receivable | 41 | €80,933 | €133,268 | +€52,336 | +64.7% |
| Cash at bank and in hand | 54/58 | €7,367 | €1,845 | -€5,522 | -75.0% |
| Deferred charges and accrued income | 490/1 | €529 | €859 | +€330 | +62.5% |
| Total equity and liabilities | 10/49 | €8,248,610 | €7,968,967 | -€279,643 | -3.4% |
| Equity | 10/15 | €3,748,236 | €3,772,380 | +€24,144 | +0.6% |
| Contributions | 10/11 | €421,419 | €421,419 | = | 0.0% |
| Capital | 10 | €421,419 | €421,419 | = | 0.0% |
| Issued capital | 100 | €421,419 | €421,419 | = | 0.0% |
| Revaluation surpluses | 12 | €1,115,750 | €1,004,175 | -€111,575 | -10.0% |
| Reserves | 13 | €2,211,067 | €2,346,786 | +€135,719 | +6.1% |
| Non-distributable reserves | 130/1 | €57,494 | €57,494 | = | 0.0% |
| Legal reserve | 130 | €42,142 | €42,142 | = | 0.0% |
| Other | 1319 | €15,352 | €15,352 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,066 | €43,066 | = | 0.0% |
| Distributable reserves | 133 | €2,110,507 | €2,246,226 | +€135,719 | +6.4% |
| Amounts payable | 17/49 | €4,500,374 | €4,196,587 | -€303,787 | -6.8% |
| Amounts payable after more than one year | 17 | €840,062 | €883,119 | +€43,058 | +5.1% |
| Financial debts | 170/4 | €840,062 | €883,119 | +€43,058 | +5.1% |
| Amounts payable within one year | 42/48 | €3,657,861 | €3,310,498 | -€347,364 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €2,123,746 | €2,121,439 | -€2,308 | -0.1% |
| Financial debts | 43 | €517,087 | €412,284 | -€104,803 | -20.3% |
| Credit institutions | 430/8 | €517,087 | €412,284 | -€104,803 | -20.3% |
| Trade debts | 44 | €844,047 | €613,854 | -€230,194 | -27.3% |
| Suppliers | 440/4 | €844,047 | €613,854 | -€230,194 | -27.3% |
| Taxes, remuneration and social security | 45 | €166,018 | €157,663 | -€8,355 | -5.0% |
| Taxes | 450/3 | €118,938 | €107,747 | -€11,191 | -9.4% |
| Remuneration and social security | 454/9 | €47,080 | €49,916 | +€2,836 | +6.0% |
| Other amounts payable | 47/48 | €6,963 | €5,258 | -€1,704 | -24.5% |
| Accrued charges and deferred income | 492/3 | €2,451 | €2,970 | +€519 | +21.2% |
| Turnover | 70 | - | €5,877,043 | +€5.9m | |
| Non-recurring operating income | 76A | €0 | €11 | +€11 | +27,225% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,809,001 | +€4.8m | |
| Remuneration, social security and pensions | 62 | €503,155 | €525,113 | +€21,958 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,235 | €226,347 | -€77,888 | -25.6% |
| Other operating charges | 640/8 | €37,535 | €39,268 | +€1,733 | +4.6% |
| Non-recurring operating charges | 66A | - | €122,131 | +€122,131 | |
| Gross operating margin | 9900 | €1,083,597 | €1,079,731 | -€3,866 | -0.4% |
| Operating profit (loss) | 9901 | €238,672 | €166,874 | -€71,799 | -30.1% |
| Financial income | 75/76B | €6,286 | €2,336 | -€3,950 | -62.8% |
| Recurring financial income | 75 | €6,286 | €2,336 | -€3,950 | -62.8% |
| Financial charges | 65/66B | €132,360 | €108,517 | -€23,843 | -18.0% |
| Recurring financial charges | 65 | €132,360 | €108,517 | -€23,843 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €112,598 | €60,692 | -€51,906 | -46.1% |
| Income taxes | 67/77 | €57,539 | €36,548 | -€20,991 | -36.5% |
| Profit (loss) for the period | 9904 | €55,059 | €24,144 | -€30,915 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,059 | €24,144 | -€30,915 | -56.1% |
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 1 November 2026 via checked.be.