VAN DE WALLE: 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 WALLE
Largest movements
- Cash -€12,695
down €12,695 (-56.7%), from €22,401 to €9,707
mainly Debts after one year (-€10,000) and Other debts (-€4,427)
- Tangible fixed assets -€3,316
down €3,316 (-8.9%), from €37,329 to €34,013
- Stocks and contracts +€2,875
up €2,875 (+57.5%), from €5,000 to €7,875
- Receivables within one year +€1,061
up €1,061 (+13.9%), from €7,617 to €8,678
- Debts after one year -€10,000
down €10,000 (-14.8%), from €67,500 to €57,500
- Other debts -€4,427
down €4,427 (-98.5%), from €4,493 to €66
- Profit (loss) carried forward +€2,581
up €2,581 (+3.3%), from -€77,486 to -€74,905
- Gross operating margin -€2,273
down €2,273 (-25.3%), from €8,993 to €6,720
- Depreciation -€716
down €716 (-17.8%), from €4,031 to €3,316
- Other operating charges +€204
up €204 (+37.7%), from €541 to €744
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 | €72,347 | €60,273 | -€12,075 | -16.7% |
| Fixed assets | 21/28 | €37,329 | €34,013 | -€3,316 | -8.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €37,329 | €34,013 | -€3,316 | -8.9% |
| Land and buildings | 22 | €37,329 | €34,013 | -€3,316 | -8.9% |
| Current assets | 29/58 | €35,019 | €26,260 | -€8,759 | -25.0% |
| Stocks and contracts in progress | 3 | €5,000 | €7,875 | +€2,875 | +57.5% |
| Stocks | 30/36 | €5,000 | €7,875 | +€2,875 | +57.5% |
| Amounts receivable within one year | 40/41 | €7,617 | €8,678 | +€1,061 | +13.9% |
| Trade receivables | 40 | €7,617 | €8,678 | +€1,061 | +13.9% |
| Cash at bank and in hand | 54/58 | €22,401 | €9,707 | -€12,695 | -56.7% |
| Total equity and liabilities | 10/49 | €72,347 | €60,273 | -€12,075 | -16.7% |
| Equity | 10/15 | -€2,788 | -€207 | +€2,581 | +92.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €56,106 | €56,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,270 | €2,270 | = | 0.0% |
| Distributable reserves | 133 | €51,977 | €51,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,486 | -€74,905 | +€2,581 | +3.3% |
| Amounts payable | 17/49 | €75,135 | €60,479 | -€14,656 | -19.5% |
| Amounts payable after more than one year | 17 | €67,500 | €57,500 | -€10,000 | -14.8% |
| Financial debts | 170/4 | €67,500 | €57,500 | -€10,000 | -14.8% |
| Amounts payable within one year | 42/48 | €7,635 | €2,979 | -€4,656 | -61.0% |
| Trade debts | 44 | - | €147 | +€147 | |
| Suppliers | 440/4 | - | €147 | +€147 | |
| Taxes, remuneration and social security | 45 | €3,142 | €2,766 | -€376 | -12.0% |
| Taxes | 450/3 | €3,142 | €2,766 | -€376 | -12.0% |
| Other amounts payable | 47/48 | €4,493 | €66 | -€4,427 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,031 | €3,316 | -€716 | -17.8% |
| Other operating charges | 640/8 | €541 | €744 | +€204 | +37.7% |
| Gross operating margin | 9900 | €8,993 | €6,720 | -€2,273 | -25.3% |
| Operating profit (loss) | 9901 | €4,422 | €2,661 | -€1,761 | -39.8% |
| Financial charges | 65/66B | €90 | €80 | -€10 | -11.6% |
| Recurring financial charges | 65 | €90 | €80 | -€10 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €4,332 | €2,581 | -€1,751 | -40.4% |
| Profit (loss) for the period | 9904 | €4,332 | €2,581 | -€1,751 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,332 | €2,581 | -€1,751 | -40.4% |
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 13 October 2026 via checked.be.