VAN DE WALLE: what changed
VAN DE WALLE
Largest movements
- Tangible fixed assets -€12,478
down €12,478 (-26.4%), from €47,321 to €34,842
of which Furniture and vehicles: -€10,109
- Receivables within one year -€11,097
down €11,097 (-14.8%), from €75,140 to €64,043
of which Trade receivables: -€18,173
- Cash +€7,981
up €7,981 (+250%), from €3,197 to €11,178
mainly Depreciation (+€12,478) and Receivables within one year (+€11,097)
- Deferred charges and accrued income +€2,281
up €2,281 (+126%), from €1,805 to €4,086
- Tax, wage and social debts -€12,514
down €12,514 (-29.2%), from €42,904 to €30,390
of which Taxes: -€7,787
- Debts after one year -€8,104
down €8,104 (-25.2%), from €32,149 to €24,045
- Profit (loss) carried forward +€5,434
up €5,434 (+38.2%), from -€14,213 to -€8,779
- Accrued charges and deferred income +€5,200
new in 2025: €5,200
- Trade debts -€4,225
down €4,225 (-16.7%), from €25,267 to €21,042
- Gross operating margin +€48,043
up €48,043 (+29.9%), from €160,879 to €208,921
- Staff costs +€21,678
up €21,678 (+12.3%), from €175,929 to €197,607
- Depreciation +€3,878
up €3,878 (+45.1%), from €8,601 to €12,478
- Taxes +€2,418
up €2,418 (+532%), from €455 to €2,872
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 | €129,322 | €115,568 | -€13,754 | -10.6% |
| Fixed assets | 21/28 | €47,321 | €34,842 | -€12,478 | -26.4% |
| Tangible fixed assets | 22/27 | €47,321 | €34,842 | -€12,478 | -26.4% |
| Plant, machinery and equipment | 23 | €7,960 | €5,590 | -€2,369 | -29.8% |
| Furniture and vehicles | 24 | €39,361 | €29,252 | -€10,109 | -25.7% |
| Current assets | 29/58 | €82,002 | €80,726 | -€1,276 | -1.6% |
| Stocks and contracts in progress | 3 | €1,859 | €1,419 | -€440 | -23.7% |
| Stocks | 30/36 | €1,859 | €1,419 | -€440 | -23.7% |
| Amounts receivable within one year | 40/41 | €75,140 | €64,043 | -€11,097 | -14.8% |
| Trade receivables | 40 | €49,820 | €31,647 | -€18,173 | -36.5% |
| Other amounts receivable | 41 | €25,320 | €32,396 | +€7,076 | +27.9% |
| Cash at bank and in hand | 54/58 | €3,197 | €11,178 | +€7,981 | +250% |
| Deferred charges and accrued income | 490/1 | €1,805 | €4,086 | +€2,281 | +126% |
| Total equity and liabilities | 10/49 | €129,322 | €115,568 | -€13,754 | -10.6% |
| Equity | 10/15 | €21,354 | €26,788 | +€5,434 | +25.4% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Reserves | 13 | €16,975 | €15,116 | -€1,859 | -11.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €15,116 | €15,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,213 | -€8,779 | +€5,434 | +38.2% |
| Amounts payable | 17/49 | €107,968 | €88,780 | -€19,188 | -17.8% |
| Amounts payable after more than one year | 17 | €32,149 | €24,045 | -€8,104 | -25.2% |
| Financial debts | 170/4 | €32,149 | €24,045 | -€8,104 | -25.2% |
| Amounts payable within one year | 42/48 | €75,819 | €59,535 | -€16,284 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €7,648 | €8,104 | +€455 | +5.9% |
| Trade debts | 44 | €25,267 | €21,042 | -€4,225 | -16.7% |
| Suppliers | 440/4 | €25,267 | €21,042 | -€4,225 | -16.7% |
| Taxes, remuneration and social security | 45 | €42,904 | €30,390 | -€12,514 | -29.2% |
| Taxes | 450/3 | €17,620 | €9,832 | -€7,787 | -44.2% |
| Remuneration and social security | 454/9 | €25,285 | €20,558 | -€4,727 | -18.7% |
| Accrued charges and deferred income | 492/3 | - | €5,200 | +€5,200 | |
| Non-recurring operating income | 76A | €10,331 | - | -€10,331 | |
| Remuneration, social security and pensions | 62 | €175,929 | €197,607 | +€21,678 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,601 | €12,478 | +€3,878 | +45.1% |
| Other operating charges | 640/8 | €830 | €767 | -€63 | -7.6% |
| Gross operating margin | 9900 | €160,879 | €208,921 | +€48,043 | +29.9% |
| Operating profit (loss) | 9901 | -€24,481 | -€1,931 | +€22,551 | +92.1% |
| Financial income | 75/76B | €10,316 | €12,267 | +€1,951 | +18.9% |
| Recurring financial income | 75 | €1,119 | €1,386 | +€267 | +23.8% |
| Non-recurring financial income | 76B | €9,197 | €10,882 | +€1,684 | +18.3% |
| Financial charges | 65/66B | €1,159 | €2,031 | +€872 | +75.2% |
| Recurring financial charges | 65 | €1,159 | €2,031 | +€872 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,324 | €8,306 | +€23,630 | |
| Income taxes | 67/77 | €455 | €2,872 | +€2,418 | +532% |
| Profit (loss) for the period | 9904 | -€15,778 | €5,434 | +€21,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,778 | €5,434 | +€21,212 |
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.