Van den Weghe: 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 Weghe
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-25.3%), from €6.1m to €4.5m
- Cash +€845,181
up €845,181 (+132%), from €640,231 to €1.5m
mainly Investment in fixed assets (net) (+€1.3m) and Depreciation (+€201,343)
- Receivables within one year +€509,036
up €509,036 (+1,839%), from €27,673 to €536,709
of which Trade receivables: +€509,036
- Accrued charges and deferred income -€96,342
down €96,342 (-99.1%), from €97,222 to €880
- Depreciation -€68,316
down €68,316 (-25.3%), from €269,659 to €201,343
- Taxes +€38,737
up €38,737 (+4,891%), from €792 to €39,529
- Other operating charges +€32,129
up €32,129 (+77.7%), from €41,362 to €73,490
- Gross operating margin +€9,374
up €9,374 (+2.9%), from €321,113 to €330,487
- Financial income -€8,943
down €8,943 (-86.8%), from €10,303 to €1,360
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 | €6,734,152 | €6,558,494 | -€175,657 | -2.6% |
| Fixed assets | 21/28 | €6,060,123 | €4,525,758 | -€1.5m | -25.3% |
| Tangible fixed assets | 22/27 | €6,059,937 | €4,525,572 | -€1.5m | -25.3% |
| Land and buildings | 22 | €6,059,937 | €4,525,572 | -€1.5m | -25.3% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €674,029 | €2,032,736 | +€1.4m | +202% |
| Amounts receivable within one year | 40/41 | €27,673 | €536,709 | +€509,036 | +1,839% |
| Trade receivables | 40 | €415 | €509,451 | +€509,036 | +122,692% |
| Other amounts receivable | 41 | €27,258 | €27,258 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €640,231 | €1,485,411 | +€845,181 | +132% |
| Deferred charges and accrued income | 490/1 | €6,125 | €10,616 | +€4,490 | +73.3% |
| Total equity and liabilities | 10/49 | €6,734,152 | €6,558,494 | -€175,657 | -2.6% |
| Equity | 10/15 | €3,894,957 | €3,830,436 | -€64,521 | -1.7% |
| Contributions | 10/11 | €1,694,000 | €1,694,000 | = | 0.0% |
| Capital | 10 | €1,694,000 | €1,694,000 | = | 0.0% |
| Issued capital | 100 | €1,694,000 | €1,694,000 | = | 0.0% |
| Reserves | 13 | €2,200,668 | €2,136,137 | -€64,531 | -2.9% |
| Non-distributable reserves | 130/1 | €169,400 | €169,400 | = | 0.0% |
| Legal reserve | 130 | €169,400 | €169,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €489,183 | €362,372 | -€126,811 | -25.9% |
| Distributable reserves | 133 | €1,542,085 | €1,604,365 | +€62,280 | +4.0% |
| Profit (loss) carried forward | 14 | €289 | €299 | +€10 | +3.5% |
| Provisions and deferred taxes | 16 | €163,061 | €120,791 | -€42,270 | -25.9% |
| Deferred taxes | 168 | €163,061 | €120,791 | -€42,270 | -25.9% |
| Amounts payable | 17/49 | €2,676,134 | €2,607,268 | -€68,866 | -2.6% |
| Amounts payable within one year | 42/48 | €2,578,912 | €2,606,388 | +€27,476 | +1.1% |
| Trade debts | 44 | €15,253 | €53,687 | +€38,434 | +252% |
| Suppliers | 440/4 | €15,253 | €53,687 | +€38,434 | +252% |
| Taxes, remuneration and social security | 45 | €30,702 | €49,144 | +€18,442 | +60.1% |
| Taxes | 450/3 | €30,702 | €49,144 | +€18,442 | +60.1% |
| Other amounts payable | 47/48 | €2,532,956 | €2,503,556 | -€29,400 | -1.2% |
| Accrued charges and deferred income | 492/3 | €97,222 | €880 | -€96,342 | -99.1% |
| Non-recurring operating income | 76A | - | €150,712 | +€150,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,659 | €201,343 | -€68,316 | -25.3% |
| Other operating charges | 640/8 | €41,362 | €73,490 | +€32,129 | +77.7% |
| Non-recurring operating charges | 66A | - | €23,379 | +€23,379 | |
| Gross operating margin | 9900 | €321,113 | €330,487 | +€9,374 | +2.9% |
| Operating profit (loss) | 9901 | €10,092 | €32,274 | +€22,182 | +220% |
| Financial income | 75/76B | €10,303 | €1,360 | -€8,943 | -86.8% |
| Recurring financial income | 75 | €10,303 | €1,360 | -€8,943 | -86.8% |
| Financial charges | 65/66B | €97,906 | €100,897 | +€2,991 | +3.1% |
| Recurring financial charges | 65 | €97,906 | €100,897 | +€2,991 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,510 | -€67,263 | +€10,248 | +13.2% |
| Transfer from deferred taxes | 780 | €20,000 | €42,270 | +€22,270 | +111% |
| Income taxes | 67/77 | €792 | €39,529 | +€38,737 | +4,891% |
| Profit (loss) for the period | 9904 | -€58,302 | -€64,521 | -€6,219 | -10.7% |
| Transfer from tax-exempt reserves | 789 | €60,000 | €126,811 | +€66,811 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €1,698 | €62,290 | +€60,592 | +3,569% |
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 26 October 2026 via checked.be.