VAN DEN ABEELE - WAERNIERS: 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 DEN ABEELE - WAERNIERS
Largest movements
- Cash +€53,201
up €53,201 (+312%), from €17,040 to €70,241
mainly Depreciation (+€54,315) and Net result for the year (+€50,773)
- Tangible fixed assets -€45,451
down €45,451 (-11.7%), from €387,376 to €341,926
of which Other tangible fixed assets: -€44,967
- Receivables within one year -€32,895
down €32,895 (-22.0%), from €149,807 to €116,912
of which Other amounts receivable: -€19,816
- Stocks and contracts +€25,015
up €25,015 (+17.4%), from €143,728 to €168,743
- Debts after one year -€51,000
down €51,000 (-18.7%), from €273,167 to €222,167
- Reserves +€49,107
up €49,107 (+35.7%), from €137,597 to €186,704
- Trade debts +€27,320
up €27,320 (+13.4%), from €203,275 to €230,595
- Other debts -€21,260
down €21,260 (-67.0%), from €31,715 to €10,454
- Tax, wage and social debts +€8,133
up €8,133 (+32.2%), from €25,258 to €33,391
of which Taxes: +€7,082
- Gross operating margin +€66,283
up €66,283 (+30.2%), from €219,708 to €285,991
- Taxes +€14,093
up €14,093, from €0 to €14,093
- Depreciation +€13,136
up €13,136 (+31.9%), from €41,178 to €54,315
- Staff costs -€7,686
down €7,686 (-4.7%), from €162,476 to €154,790
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 | €715,380 | €721,160 | +€5,780 | +0.8% |
| Fixed assets | 21/28 | €393,869 | €347,819 | -€46,050 | -11.7% |
| Intangible fixed assets | 21 | €1,493 | €893 | -€599 | -40.2% |
| Tangible fixed assets | 22/27 | €387,376 | €341,926 | -€45,451 | -11.7% |
| Plant, machinery and equipment | 23 | €3,420 | €3,747 | +€327 | +9.6% |
| Furniture and vehicles | 24 | €5,607 | €4,797 | -€811 | -14.5% |
| Other tangible fixed assets | 26 | €378,349 | €333,382 | -€44,967 | -11.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €321,511 | €373,341 | +€51,830 | +16.1% |
| Stocks and contracts in progress | 3 | €143,728 | €168,743 | +€25,015 | +17.4% |
| Stocks | 30/36 | €143,728 | €168,743 | +€25,015 | +17.4% |
| Amounts receivable within one year | 40/41 | €149,807 | €116,912 | -€32,895 | -22.0% |
| Trade receivables | 40 | €118,502 | €105,424 | -€13,079 | -11.0% |
| Other amounts receivable | 41 | €31,305 | €11,489 | -€19,816 | -63.3% |
| Cash at bank and in hand | 54/58 | €17,040 | €70,241 | +€53,201 | +312% |
| Deferred charges and accrued income | 490/1 | €10,935 | €17,444 | +€6,509 | +59.5% |
| Total equity and liabilities | 10/49 | €715,380 | €721,160 | +€5,780 | +0.8% |
| Equity | 10/15 | €142,597 | €191,704 | +€49,107 | +34.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €137,597 | €186,704 | +€49,107 | +35.7% |
| Distributable reserves | 133 | €137,597 | €186,704 | +€49,107 | +35.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €572,783 | €529,456 | -€43,327 | -7.6% |
| Amounts payable after more than one year | 17 | €273,167 | €222,167 | -€51,000 | -18.7% |
| Financial debts | 170/4 | €273,167 | €222,167 | -€51,000 | -18.7% |
| Amounts payable within one year | 42/48 | €295,980 | €305,441 | +€9,461 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €31,000 | €31,000 | = | 0.0% |
| Financial debts | 43 | €4,733 | €0 | -€4,733 | -100% |
| Credit institutions | 430/8 | €4,733 | €0 | -€4,733 | -100% |
| Trade debts | 44 | €203,275 | €230,595 | +€27,320 | +13.4% |
| Suppliers | 440/4 | €203,275 | €230,595 | +€27,320 | +13.4% |
| Taxes, remuneration and social security | 45 | €25,258 | €33,391 | +€8,133 | +32.2% |
| Taxes | 450/3 | €463 | €7,545 | +€7,082 | +1,528% |
| Remuneration and social security | 454/9 | €24,794 | €25,846 | +€1,052 | +4.2% |
| Other amounts payable | 47/48 | €31,715 | €10,454 | -€21,260 | -67.0% |
| Accrued charges and deferred income | 492/3 | €3,636 | €1,848 | -€1,788 | -49.2% |
| Remuneration, social security and pensions | 62 | €162,476 | €154,790 | -€7,686 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,178 | €54,315 | +€13,136 | +31.9% |
| Other operating charges | 640/8 | €2,288 | €1,877 | -€410 | -17.9% |
| Gross operating margin | 9900 | €219,708 | €285,991 | +€66,283 | +30.2% |
| Operating profit (loss) | 9901 | €13,766 | €75,009 | +€61,243 | +445% |
| Financial income | 75/76B | €51 | €153 | +€102 | +199% |
| Recurring financial income | 75 | €51 | €153 | +€102 | +199% |
| Financial charges | 65/66B | €12,456 | €10,296 | -€2,160 | -17.3% |
| Recurring financial charges | 65 | €12,456 | €10,296 | -€2,160 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €1,361 | €64,866 | +€63,505 | +4,665% |
| Income taxes | 67/77 | €0 | €14,093 | +€14,093 | |
| Profit (loss) for the period | 9904 | €1,361 | €50,773 | +€49,412 | +3,629% |
| Profit (loss) for the period to be appropriated | 9905 | €1,361 | €50,773 | +€49,412 | +3,629% |
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 30 October 2026 via checked.be.