Van de Walle: what changed
Van de Walle
Largest movements
- Receivables within one year -€37,488
down €37,488 (-88.2%), from €42,488 to €5,000
- Cash -€34,296
down €34,296 (-65.7%), from €52,214 to €17,918
mainly Short-term financial debts (-€31,286) and Provisions (-€21,345)
- Tangible fixed assets -€6,972
down €6,972 (-1.3%), from €516,458 to €509,486
- Short-term financial debts -€31,286
down €31,286 (-100%), from €31,286 to €0
- Provisions -€21,345
down €21,345 (-100%), from €21,345 to €0
- Reserves -€11,601
down €11,601 (-2.2%), from €525,349 to €513,747
- Trade debts -€6,243
down €6,243 (-80.9%), from €7,721 to €1,478
- Gross operating margin -€27,856
down €27,856 (-78.1%), from €35,652 to €7,795
- Taxes -€2,886
down €2,886 (-59.5%), from €4,848 to €1,961
- Other operating charges +€453
up €453 (+4.5%), from €9,966 to €10,419
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,980 | €534,117 | -€77,863 | -12.7% |
| Fixed assets | 21/28 | €516,458 | €509,486 | -€6,972 | -1.3% |
| Tangible fixed assets | 22/27 | €516,458 | €509,486 | -€6,972 | -1.3% |
| Land and buildings | 22 | €516,458 | €509,486 | -€6,972 | -1.3% |
| Current assets | 29/58 | €95,522 | €24,631 | -€70,891 | -74.2% |
| Stocks and contracts in progress | 3 | €820 | €0 | -€820 | -100% |
| Stocks | 30/36 | €820 | €0 | -€820 | -100% |
| Amounts receivable within one year | 40/41 | €42,488 | €5,000 | -€37,488 | -88.2% |
| Other amounts receivable | 41 | €42,488 | €5,000 | -€37,488 | -88.2% |
| Cash at bank and in hand | 54/58 | €52,214 | €17,918 | -€34,296 | -65.7% |
| Deferred charges and accrued income | 490/1 | - | €1,713 | +€1,713 | |
| Total equity and liabilities | 10/49 | €611,980 | €534,117 | -€77,863 | -12.7% |
| Equity | 10/15 | €549,453 | €532,339 | -€17,113 | -3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €525,349 | €513,747 | -€11,601 | -2.2% |
| Distributable reserves | 133 | €525,349 | €513,747 | -€11,601 | -2.2% |
| Profit (loss) carried forward | 14 | €5,512 | €0 | -€5,512 | -100% |
| Provisions and deferred taxes | 16 | €21,345 | €0 | -€21,345 | -100% |
| Deferred taxes | 168 | €21,345 | €0 | -€21,345 | -100% |
| Amounts payable | 17/49 | €41,183 | €1,778 | -€39,404 | -95.7% |
| Amounts payable within one year | 42/48 | €41,183 | €1,778 | -€39,404 | -95.7% |
| Financial debts | 43 | €31,286 | €0 | -€31,286 | -100% |
| Other loans | 439 | €31,286 | €0 | -€31,286 | -100% |
| Trade debts | 44 | €7,721 | €1,478 | -€6,243 | -80.9% |
| Suppliers | 440/4 | €7,721 | €1,478 | -€6,243 | -80.9% |
| Taxes, remuneration and social security | 45 | €1,788 | €300 | -€1,488 | -83.2% |
| Taxes | 450/3 | €1,788 | €300 | -€1,488 | -83.2% |
| Other amounts payable | 47/48 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,972 | €6,972 | = | 0.0% |
| Other operating charges | 640/8 | €9,966 | €10,419 | +€453 | +4.5% |
| Gross operating margin | 9900 | €35,652 | €7,795 | -€27,856 | -78.1% |
| Operating profit (loss) | 9901 | €18,714 | -€9,595 | -€28,309 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €18,670 | -€9,640 | -€28,310 | |
| Income taxes | 67/77 | €4,848 | €1,961 | -€2,886 | -59.5% |
| Profit (loss) for the period | 9904 | €13,823 | -€11,601 | -€25,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,823 | -€11,601 | -€25,424 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.