Van Der Waerden: what changed
What changed
Van Der Waerden
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€7,790
2024 · €11,653-€3,864
Equity
€850,011
2024 · €842,221+€7,790
Cash
€44,473
2024 · €37,541+€6,932
Balance sheet total
€1.1m
2024 · €1.0m+€64,044
Largest movements
Assets
- Tangible fixed assets +€72,892
up €72,892 (+22.7%), from €321,165 to €394,058
of which Leasing and similar rights: +€67,189
- Receivables within one year -€31,264
down €31,264 (-43.3%), from €72,283 to €41,019
of which Trade receivables: -€30,764
- Deferred charges and accrued income +€18,465
up €18,465 (+233%), from €7,938 to €26,403
Equity and liabilities
- Debts after one year +€24,515
up €24,515 (+31.5%), from €77,754 to €102,269
- Tax, wage and social debts +€17,822
up €17,822 (+38.4%), from €46,412 to €64,234
of which Taxes: +€9,472
- Current portion of long-term debt +€14,700
up €14,700 (+89.2%), from €16,480 to €31,180
Income statement
- Staff costs -€17,350
down €17,350 (-7.5%), from €231,805 to €214,455
- Gross operating margin -€14,730
down €14,730 (-6.0%), from €243,992 to €229,262
- Taxes +€4,229
up €4,229 (+301%), from €1,406 to €5,635
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.
Result 2024
€11,653
Gross operating margin
-€14,730
Staff costs
+€17,350
Other operating charges
-€2,058
Financial income
+€1,234
Financial charges
-€1,430
Taxes
-€4,229
Result 2025
€7,790
raises the resultlowers the result
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.
From operations
+€40,610
Investment
-€72,892
Financing
+€39,215
Cash 2024
€37,541
From operations (derived)
+€40,610
Net result for the year
+€7,790
Stocks and contracts
+€2,982
Receivables within one year
+€31,264
Deferred charges and accrued income
-€18,465
Trade debts
-€378
Tax, wage and social debts
+€17,822
Other debts
-€405
Investment (derived)
-€72,892
Investment in fixed assets (net)
-€72,892
Financing
+€39,215
Debts after one year
+€24,515
Current portion of long-term debt
+€14,700
Cash 2025
€44,473
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,016,990 | €1,081,034 | +€64,044 | +6.3% |
| Fixed assets | 21/28 | €321,165 | €394,058 | +€72,892 | +22.7% |
| Tangible fixed assets | 22/27 | €321,165 | €394,058 | +€72,892 | +22.7% |
| Land and buildings | 22 | €22,389 | €22,389 | = | 0.0% |
| Plant, machinery and equipment | 23 | €284,404 | €290,107 | +€5,703 | +2.0% |
| Furniture and vehicles | 24 | €14,373 | €14,373 | = | 0.0% |
| Leasing and similar rights | 25 | - | €67,189 | +€67,189 | |
| Current assets | 29/58 | €695,825 | €686,976 | -€8,849 | -1.3% |
| Stocks and contracts in progress | 3 | €578,063 | €575,081 | -€2,982 | -0.5% |
| Stocks | 30/36 | €528,768 | €511,986 | -€16,782 | -3.2% |
| Contracts in progress | 37 | €49,295 | €63,095 | +€13,800 | +28.0% |
| Amounts receivable within one year | 40/41 | €72,283 | €41,019 | -€31,264 | -43.3% |
| Trade receivables | 40 | €70,277 | €39,512 | -€30,764 | -43.8% |
| Other amounts receivable | 41 | €2,007 | €1,507 | -€500 | -24.9% |
| Cash at bank and in hand | 54/58 | €37,541 | €44,473 | +€6,932 | +18.5% |
| Deferred charges and accrued income | 490/1 | €7,938 | €26,403 | +€18,465 | +233% |
| Total equity and liabilities | 10/49 | €1,016,990 | €1,081,034 | +€64,044 | +6.3% |
| Equity | 10/15 | €842,221 | €850,011 | +€7,790 | +0.9% |
| Contributions | 10/11 | €106,594 | €106,594 | = | 0.0% |
| Contributions outside capital | 11 | €106,594 | €106,594 | = | 0.0% |
| Other | 1109/19 | €106,594 | €106,594 | = | 0.0% |
| Reserves | 13 | €842,165 | €842,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €117,932 | €117,932 | = | 0.0% |
| Reserves not available under the articles | 1311 | €117,932 | €117,932 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,790 | €64,790 | = | 0.0% |
| Distributable reserves | 133 | €659,443 | €659,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,538 | -€98,748 | +€7,790 | +7.3% |
| Amounts payable | 17/49 | €174,769 | €231,023 | +€56,254 | +32.2% |
| Amounts payable after more than one year | 17 | €77,754 | €102,269 | +€24,515 | +31.5% |
| Financial debts | 170/4 | €77,754 | €102,269 | +€24,515 | +31.5% |
| Amounts payable within one year | 42/48 | €97,015 | €128,754 | +€31,739 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €16,480 | €31,180 | +€14,700 | +89.2% |
| Trade debts | 44 | €16,209 | €15,831 | -€378 | -2.3% |
| Suppliers | 440/4 | €16,209 | €15,831 | -€378 | -2.3% |
| Taxes, remuneration and social security | 45 | €46,412 | €64,234 | +€17,822 | +38.4% |
| Taxes | 450/3 | €10,590 | €20,062 | +€9,472 | +89.4% |
| Remuneration and social security | 454/9 | €35,822 | €44,172 | +€8,350 | +23.3% |
| Other amounts payable | 47/48 | €17,913 | €17,508 | -€405 | -2.3% |
| Remuneration, social security and pensions | 62 | €231,805 | €214,455 | -€17,350 | -7.5% |
| Other operating charges | 640/8 | €3,767 | €5,825 | +€2,058 | +54.6% |
| Gross operating margin | 9900 | €243,992 | €229,262 | -€14,730 | -6.0% |
| Operating profit (loss) | 9901 | €8,421 | €8,983 | +€562 | +6.7% |
| Financial income | 75/76B | €6,735 | €7,969 | +€1,234 | +18.3% |
| Recurring financial income | 75 | €6,735 | €7,969 | +€1,234 | +18.3% |
| Financial charges | 65/66B | €2,097 | €3,527 | +€1,430 | +68.2% |
| Recurring financial charges | 65 | €2,097 | €3,527 | +€1,430 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €13,059 | €13,425 | +€366 | +2.8% |
| Income taxes | 67/77 | €1,406 | €5,635 | +€4,229 | +301% |
| Profit (loss) for the period | 9904 | €11,653 | €7,790 | -€3,864 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,653 | €7,790 | -€3,864 | -33.2% |
Next steps
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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 4 November 2026 via checked.be.