VAN DESSEL: what changed
Two fiscal 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 DESSEL
Largest movements
- Tangible fixed assets -€73,883
down €73,883 (-19.2%), from €384,078 to €310,195
of which Furniture and vehicles: -€82,891
- Receivables within one year +€35,382
up €35,382 (+25.3%), from €139,886 to €175,268
of which Trade receivables: +€33,119
- Cash +€33,676
up €33,676 (+50.5%), from €66,669 to €100,345
mainly Depreciation (+€101,707) and Net result for the year (+€78,630)
- Stocks and contracts +€33,476
up €33,476 (+7.0%), from €481,072 to €514,549
of which Stocks: +€50,772
- Current investments -€29,776
down €29,776 (-94.1%), from €31,646 to €1,870
- Reserves +€77,797
up €77,797 (+10.6%), from €736,423 to €814,220
- Debts after one year -€58,198
down €58,198 (-32.4%), from €179,780 to €121,582
- Trade debts -€14,437
down €14,437 (-56.6%), from €25,496 to €11,060
- Current portion of long-term debt -€11,247
down €11,247 (-16.2%), from €69,445 to €58,198
- Staff costs +€35,032
up €35,032 (+19.9%), from €176,164 to €211,195
- Depreciation +€11,987
up €11,987 (+13.4%), from €89,720 to €101,707
- Taxes -€8,731
down €8,731 (-22.1%), from €39,538 to €30,807
- Gross operating margin +€6,102
up €6,102 (+1.4%), from €433,995 to €440,097
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.
Cash bridge derived
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 | €1,108,721 | €1,103,276 | -€5,445 | -0.5% |
| Fixed assets | 21/28 | €384,128 | €310,245 | -€73,883 | -19.2% |
| Tangible fixed assets | 22/27 | €384,078 | €310,195 | -€73,883 | -19.2% |
| Land and buildings | 22 | €10,683 | €17,210 | +€6,527 | +61.1% |
| Plant, machinery and equipment | 23 | €28,087 | €30,568 | +€2,481 | +8.8% |
| Furniture and vehicles | 24 | €345,308 | €262,417 | -€82,891 | -24.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €724,594 | €793,031 | +€68,438 | +9.4% |
| Stocks and contracts in progress | 3 | €481,072 | €514,549 | +€33,476 | +7.0% |
| Stocks | 30/36 | €448,592 | €499,365 | +€50,772 | +11.3% |
| Contracts in progress | 37 | €32,480 | €15,184 | -€17,296 | -53.3% |
| Amounts receivable within one year | 40/41 | €139,886 | €175,268 | +€35,382 | +25.3% |
| Trade receivables | 40 | €128,243 | €161,362 | +€33,119 | +25.8% |
| Other amounts receivable | 41 | €11,642 | €13,906 | +€2,264 | +19.4% |
| Current investments | 50/53 | €31,646 | €1,870 | -€29,776 | -94.1% |
| Cash at bank and in hand | 54/58 | €66,669 | €100,345 | +€33,676 | +50.5% |
| Deferred charges and accrued income | 490/1 | €5,321 | €1,000 | -€4,321 | -81.2% |
| Total equity and liabilities | 10/49 | €1,108,721 | €1,103,276 | -€5,445 | -0.5% |
| Equity | 10/15 | €761,423 | €839,220 | +€77,797 | +10.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €736,423 | €814,220 | +€77,797 | +10.6% |
| Distributable reserves | 133 | €736,423 | €814,220 | +€77,797 | +10.6% |
| Amounts payable | 17/49 | €347,298 | €264,056 | -€83,242 | -24.0% |
| Amounts payable after more than one year | 17 | €179,780 | €121,582 | -€58,198 | -32.4% |
| Financial debts | 170/4 | €179,780 | €121,582 | -€58,198 | -32.4% |
| Amounts payable within one year | 42/48 | €166,830 | €142,474 | -€24,356 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €69,445 | €58,198 | -€11,247 | -16.2% |
| Trade debts | 44 | €25,496 | €11,060 | -€14,437 | -56.6% |
| Suppliers | 440/4 | €25,496 | €11,060 | -€14,437 | -56.6% |
| Taxes, remuneration and social security | 45 | €8,489 | €10,858 | +€2,369 | +27.9% |
| Taxes | 450/3 | €1,344 | €1,173 | -€171 | -12.7% |
| Remuneration and social security | 454/9 | €7,146 | €9,685 | +€2,539 | +35.5% |
| Other amounts payable | 47/48 | €63,399 | €62,358 | -€1,041 | -1.6% |
| Accrued charges and deferred income | 492/3 | €688 | - | -€688 | |
| Remuneration, social security and pensions | 62 | €176,164 | €211,195 | +€35,032 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,720 | €101,707 | +€11,987 | +13.4% |
| Other operating charges | 640/8 | €4,350 | €6,222 | +€1,872 | +43.0% |
| Gross operating margin | 9900 | €433,995 | €440,097 | +€6,102 | +1.4% |
| Operating profit (loss) | 9901 | €163,761 | €120,972 | -€42,789 | -26.1% |
| Financial income | 75/76B | €2,560 | €3,002 | +€441 | +17.2% |
| Recurring financial income | 75 | €2,560 | €3,002 | +€441 | +17.2% |
| Financial charges | 65/66B | €17,134 | €14,536 | -€2,598 | -15.2% |
| Recurring financial charges | 65 | €17,134 | €14,536 | -€2,598 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €149,187 | €109,437 | -€39,749 | -26.6% |
| Income taxes | 67/77 | €39,538 | €30,807 | -€8,731 | -22.1% |
| Profit (loss) for the period | 9904 | €109,648 | €78,630 | -€31,018 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,648 | €78,630 | -€31,018 | -28.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.