VAN DYCK: 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 DYCK
Largest movements
- Current investments -€81,555
down €81,555 (-16.4%), from €497,354 to €415,799
- Tangible fixed assets -€39,970
down €39,970 (-6.5%), from €611,315 to €571,345
of which Land and buildings: -€39,970
- Cash -€32,225
down €32,225 (-88.7%), from €36,339 to €4,113
mainly Current portion of long-term debt (-€120,822) and Receivables within one year (-€14,534)
- Current portion of long-term debt -€120,822
down €120,822 (-100.0%), from €120,822 to €0
- Financial income -€57,608
down €57,608 (-43.4%), from €132,754 to €75,146
of which Financial income: -€65,191
- Financial charges +€43,925
up €43,925 (+502.0%), from €8,750 to €52,675
of which Financial charges: +€39,707
- Gross operating margin -€4,724
down €4,724 (-48.2%), from €9,808 to €5,084
- Taxes +€1,625
new in 2025: €1,625
- Depreciation -€996
down €996 (-2.4%), from €40,966 to €39,970
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 | €1,544,890 | €1,405,894 | -€138,996 | -9.0% |
| Fixed assets | 21/28 | €611,315 | €571,345 | -€39,970 | -6.5% |
| Tangible fixed assets | 22/27 | €611,315 | €571,345 | -€39,970 | -6.5% |
| Land and buildings | 22 | €604,815 | €564,845 | -€39,970 | -6.6% |
| Other tangible fixed assets | 26 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €933,575 | €834,549 | -€99,026 | -10.6% |
| Amounts receivable within one year | 40/41 | €398,283 | €412,818 | +€14,534 | +3.6% |
| Trade receivables | 40 | €31 | €31 | = | 0.0% |
| Other amounts receivable | 41 | €398,252 | €412,786 | +€14,534 | +3.6% |
| Current investments | 50/53 | €497,354 | €415,799 | -€81,555 | -16.4% |
| Cash at bank and in hand | 54/58 | €36,339 | €4,113 | -€32,225 | -88.7% |
| Deferred charges and accrued income | 490/1 | €1,599 | €1,819 | +€219 | +13.7% |
| Total equity and liabilities | 10/49 | €1,544,890 | €1,405,894 | -€138,996 | -9.0% |
| Equity | 10/15 | €951,004 | €938,406 | -€12,598 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €932,404 | €922,854 | -€9,551 | -1.0% |
| Non-distributable reserves | 130/1 | €2,088 | €2,088 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,088 | €2,088 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,981 | €78,431 | -€9,551 | -10.9% |
| Distributable reserves | 133 | €842,335 | €842,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,048 | -€3,048 | |
| Provisions and deferred taxes | 16 | €58,654 | €52,287 | -€6,367 | -10.9% |
| Deferred taxes | 168 | €58,654 | €52,287 | -€6,367 | -10.9% |
| Amounts payable | 17/49 | €535,232 | €415,201 | -€120,031 | -22.4% |
| Amounts payable after more than one year | 17 | €414,114 | €414,114 | = | 0.0% |
| Financial debts | 170/4 | €414,114 | €414,114 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,118 | €1,087 | -€120,031 | -99.1% |
| Current portion of amounts payable after more than one year | 42 | €120,822 | €0 | -€120,822 | -100.0% |
| Trade debts | 44 | €277 | €1,068 | +€791 | +286.0% |
| Suppliers | 440/4 | €277 | €1,068 | +€791 | +286.0% |
| Other amounts payable | 47/48 | €19 | €19 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,966 | €39,970 | -€996 | -2.4% |
| Other operating charges | 640/8 | €4,780 | €4,925 | +€144 | +3.0% |
| Gross operating margin | 9900 | €9,808 | €5,084 | -€4,724 | -48.2% |
| Operating profit (loss) | 9901 | -€35,939 | -€39,811 | -€3,873 | -10.8% |
| Financial income | 75/76B | €132,754 | €75,146 | -€57,608 | -43.4% |
| Recurring financial income | 75 | €129,072 | €63,881 | -€65,191 | -50.5% |
| Non-recurring financial income | 76B | €3,682 | €11,265 | +€7,583 | +206.0% |
| Financial charges | 65/66B | €8,750 | €52,675 | +€43,925 | +502.0% |
| Recurring financial charges | 65 | €6,792 | €46,499 | +€39,707 | +584.6% |
| Non-recurring financial charges | 66B | €1,958 | €6,176 | +€4,218 | +215.4% |
| Profit (loss) for the period before taxes | 9903 | €88,065 | -€17,341 | -€105,406 | |
| Transfer from deferred taxes | 780 | €6,367 | €6,367 | = | 0.0% |
| Income taxes | 67/77 | - | €1,625 | +€1,625 | |
| Profit (loss) for the period | 9904 | €94,432 | -€12,598 | -€107,030 | |
| Transfer from tax-exempt reserves | 789 | €9,551 | €9,551 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,982 | -€3,048 | -€107,030 |
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 2 October 2026 via checked.be.