Van Dun Projects: 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 Dun Projects
Largest movements
- Stocks and contracts +€462,008
new in 2025: €462,008
- Cash +€47,206
up €47,206 (+8089.4%), from €584 to €47,790
mainly Advances received (+€470,044) and Trade debts (+€45,520)
- Advances received +€470,044
new in 2025: €470,044
- Trade debts +€45,520
up €45,520 (+11751.9%), from €387 to €45,907
- Gross operating margin +€1,248
up €1,248 (+45.3%), from -€2,754 to -€1,505
- Other operating charges -€544
down €544 (-45.5%), from €1,194 to €650
- Financial charges +€215
up €215 (+75.5%), from €285 to €500
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 | €1,155 | €514,064 | +€512,909 | +44410.0% |
| Current assets | 29/58 | €1,155 | €514,064 | +€512,909 | +44410.0% |
| Stocks and contracts in progress | 3 | - | €462,008 | +€462,008 | |
| Stocks | 30/36 | - | €462,008 | +€462,008 | |
| Amounts receivable within one year | 40/41 | €571 | €4,266 | +€3,695 | +646.7% |
| Other amounts receivable | 41 | €571 | €4,266 | +€3,695 | +646.7% |
| Cash at bank and in hand | 54/58 | €584 | €47,790 | +€47,206 | +8089.4% |
| Total equity and liabilities | 10/49 | €1,155 | €514,064 | +€512,909 | +44410.0% |
| Equity | 10/15 | €768 | -€1,888 | -€2,655 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,232 | -€6,888 | -€2,655 | -62.7% |
| Amounts payable | 17/49 | €387 | €515,951 | +€515,564 | +133103.7% |
| Amounts payable within one year | 42/48 | €387 | €515,951 | +€515,564 | +133103.7% |
| Trade debts | 44 | €387 | €45,907 | +€45,520 | +11751.9% |
| Suppliers | 440/4 | €387 | €45,907 | +€45,520 | +11751.9% |
| Advances received on contracts in progress | 46 | - | €470,044 | +€470,044 | |
| Other operating charges | 640/8 | €1,194 | €650 | -€544 | -45.5% |
| Gross operating margin | 9900 | -€2,754 | -€1,505 | +€1,248 | +45.3% |
| Operating profit (loss) | 9901 | -€3,948 | -€2,155 | +€1,792 | +45.4% |
| Financial charges | 65/66B | €285 | €500 | +€215 | +75.5% |
| Recurring financial charges | 65 | €285 | €500 | +€215 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,232 | -€2,655 | +€1,577 | +37.3% |
| Profit (loss) for the period | 9904 | -€4,232 | -€2,655 | +€1,577 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,232 | -€2,655 | +€1,577 | +37.3% |
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 12 October 2026 via checked.be.