VAN DE VELDE - WILLEMS: what changed
What changed
VAN DE VELDE - WILLEMS
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
€109,789
2025 · €94,108+€15,681
Equity
€1.4m
2025 · €1.4m-€64,219
Cash
€160,439
2025 · €174,194-€13,755
Balance sheet total
€3.0m
2025 · €3.0m-€27,029
Largest movements
Assets
- Tangible fixed assets -€56,153
down €56,153 (-9.9%), from €568,388 to €512,235
of which Land and buildings: -€43,102
- Current investments +€48,000
up €48,000 (+19.6%), from €244,564 to €292,564
Equity and liabilities
- Other debts +€129,873
up €129,873 (+55.4%), from €234,269 to €364,141
- Reserves -€64,219
down €64,219 (-5.4%), from €1.2m to €1.1m
of which Distributable reserves: -€64,219
- Current portion of long-term debt -€42,883
down €42,883 (-64.8%), from €66,203 to €23,319
- Trade debts -€34,807
down €34,807 (-13.5%), from €257,814 to €223,007
Income statement
- Gross operating margin +€80,275
up €80,275 (+10.4%), from €774,510 to €854,784
- Staff costs +€35,319
up €35,319 (+6.2%), from €565,828 to €601,148
- Financial income -€18,060
down €18,060 (-50.4%), from €35,857 to €17,798
- Financial charges +€10,390
up €10,390 (+154%), from €6,755 to €17,146
- Depreciation -€9,356
down €9,356 (-11.6%), from €80,622 to €71,266
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€94,108
Gross operating margin
+€80,275
Staff costs
-€35,319
Depreciation
+€9,356
Write-downs
-€882
Other operating charges
-€722
Financial income
-€18,060
Financial charges
-€10,390
Taxes
-€8,577
Result 2026
€109,789
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€289,568
Investment
-€63,113
Financing
-€240,211
Cash 2025
€174,194
From operations (derived)
+€289,568
Net result for the year
+€109,789
Depreciation
+€71,266
Stocks and contracts
-€6,213
Receivables within one year
+€10,655
Deferred charges and accrued income
+€678
Trade debts
-€34,807
Tax, wage and social debts
-€2,838
Other debts
+€129,873
Accrued charges and deferred income
+€11,165
Investment (derived)
-€63,113
Investment in fixed assets (net)
-€15,113
Current investments
-€48,000
Financing
-€240,211
Debts after one year
-€23,319
Current portion of long-term debt
-€42,883
Contributions, distributions and other
-€174,008
Cash 2026
€160,439
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,017,295 | €2,990,266 | -€27,029 | -0.9% |
| Fixed assets | 21/28 | €572,282 | €516,129 | -€56,153 | -9.8% |
| Tangible fixed assets | 22/27 | €568,388 | €512,235 | -€56,153 | -9.9% |
| Land and buildings | 22 | €467,459 | €424,357 | -€43,102 | -9.2% |
| Plant, machinery and equipment | 23 | €11,637 | €21,550 | +€9,914 | +85.2% |
| Furniture and vehicles | 24 | €85,878 | €62,932 | -€22,946 | -26.7% |
| Other tangible fixed assets | 26 | €3,415 | €3,396 | -€19 | -0.6% |
| Financial fixed assets | 28 | €3,894 | €3,894 | = | 0.0% |
| Current assets | 29/58 | €2,445,013 | €2,474,136 | +€29,124 | +1.2% |
| Stocks and contracts in progress | 3 | €1,258,380 | €1,264,593 | +€6,213 | +0.5% |
| Stocks | 30/36 | €1,258,380 | €1,264,593 | +€6,213 | +0.5% |
| Amounts receivable within one year | 40/41 | €752,913 | €742,258 | -€10,655 | -1.4% |
| Trade receivables | 40 | €705,480 | €713,241 | +€7,760 | +1.1% |
| Other amounts receivable | 41 | €47,433 | €29,017 | -€18,415 | -38.8% |
| Current investments | 50/53 | €244,564 | €292,564 | +€48,000 | +19.6% |
| Cash at bank and in hand | 54/58 | €174,194 | €160,439 | -€13,755 | -7.9% |
| Deferred charges and accrued income | 490/1 | €14,961 | €14,283 | -€678 | -4.5% |
| Total equity and liabilities | 10/49 | €3,017,295 | €2,990,266 | -€27,029 | -0.9% |
| Equity | 10/15 | €1,418,927 | €1,354,708 | -€64,219 | -4.5% |
| Contributions | 10/11 | €224,000 | €224,000 | = | 0.0% |
| Capital | 10 | €224,000 | €224,000 | = | 0.0% |
| Issued capital | 100 | €224,000 | €224,000 | = | 0.0% |
| Reserves | 13 | €1,194,927 | €1,130,708 | -€64,219 | -5.4% |
| Non-distributable reserves | 130/1 | €112,400 | €112,400 | = | 0.0% |
| Legal reserve | 130 | €112,400 | €112,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,587 | €57,587 | = | 0.0% |
| Distributable reserves | 133 | €1,024,941 | €960,721 | -€64,219 | -6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,598,368 | €1,635,557 | +€37,190 | +2.3% |
| Amounts payable after more than one year | 17 | €899,632 | €876,313 | -€23,319 | -2.6% |
| Financial debts | 170/4 | €44,632 | €21,313 | -€23,319 | -52.2% |
| Other amounts payable | 178/9 | €855,000 | €855,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €698,735 | €748,080 | +€49,344 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €66,203 | €23,319 | -€42,883 | -64.8% |
| Trade debts | 44 | €257,814 | €223,007 | -€34,807 | -13.5% |
| Suppliers | 440/4 | €257,814 | €223,007 | -€34,807 | -13.5% |
| Taxes, remuneration and social security | 45 | €140,450 | €137,612 | -€2,838 | -2.0% |
| Taxes | 450/3 | €34,178 | €34,562 | +€383 | +1.1% |
| Remuneration and social security | 454/9 | €106,272 | €103,050 | -€3,222 | -3.0% |
| Other amounts payable | 47/48 | €234,269 | €364,141 | +€129,873 | +55.4% |
| Accrued charges and deferred income | 492/3 | - | €11,165 | +€11,165 | |
| Remuneration, social security and pensions | 62 | €565,828 | €601,148 | +€35,319 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,622 | €71,266 | -€9,356 | -11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,552 | €2,434 | +€882 | +56.8% |
| Other operating charges | 640/8 | €19,277 | €20,000 | +€722 | +3.7% |
| Gross operating margin | 9900 | €774,510 | €854,784 | +€80,275 | +10.4% |
| Operating profit (loss) | 9901 | €107,229 | €159,937 | +€52,708 | +49.2% |
| Financial income | 75/76B | €35,857 | €17,798 | -€18,060 | -50.4% |
| Recurring financial income | 75 | €35,857 | €17,798 | -€18,060 | -50.4% |
| Financial charges | 65/66B | €6,755 | €17,146 | +€10,390 | +154% |
| Recurring financial charges | 65 | €6,755 | €17,146 | +€10,390 | +154% |
| Profit (loss) for the period before taxes | 9903 | €136,331 | €160,589 | +€24,258 | +17.8% |
| Income taxes | 67/77 | €42,223 | €50,800 | +€8,577 | +20.3% |
| Profit (loss) for the period | 9904 | €94,108 | €109,789 | +€15,681 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,108 | €109,789 | +€15,681 | +16.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.