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
- Cash -€297,786
down €297,786 (-62.8%), from €474,326 to €176,540
mainly Contributions, distributions and other (-€283,981) and Deferred charges and accrued income (-€8,546)
- Reserves -€283,981
down €283,981 (-9.9%), from €2.9m to €2.6m
of which Distributable reserves: -€283,981
- Gross operating margin -€1.1m
down €1.1m, from €1.1m to -€2,947
- Taxes -€39,726
down €39,726 (-93.4%), from €42,522 to €2,796
- Staff costs -€26,546
down €26,546 (-100.0%), from €26,546 to €0
- Financial income -€12,104
down €12,104 (-39.2%), from €30,843 to €18,739
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 | €3,138,530 | €2,839,446 | -€299,083 | -9.5% |
| Fixed assets | 21/28 | €40,980 | €30,384 | -€10,596 | -25.9% |
| Tangible fixed assets | 22/27 | €40,980 | €30,384 | -€10,596 | -25.9% |
| Land and buildings | 22 | €31,392 | €27,684 | -€3,708 | -11.8% |
| Furniture and vehicles | 24 | €6,888 | €0 | -€6,888 | -100.0% |
| Other tangible fixed assets | 26 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €3,097,549 | €2,809,062 | -€288,487 | -9.3% |
| Amounts receivable within one year | 40/41 | €241,654 | €242,407 | +€753 | +0.3% |
| Trade receivables | 40 | €0 | €10,200 | +€10,200 | |
| Other amounts receivable | 41 | €241,654 | €232,207 | -€9,447 | -3.9% |
| Current investments | 50/53 | €2,368,024 | €2,368,024 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €474,326 | €176,540 | -€297,786 | -62.8% |
| Deferred charges and accrued income | 490/1 | €13,546 | €22,092 | +€8,546 | +63.1% |
| Total equity and liabilities | 10/49 | €3,138,530 | €2,839,446 | -€299,083 | -9.5% |
| Equity | 10/15 | €2,881,502 | €2,591,853 | -€289,649 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,862,902 | €2,578,921 | -€283,981 | -9.9% |
| Tax-exempt reserves | 132 | €740,482 | €740,482 | = | 0.0% |
| Distributable reserves | 133 | €2,122,420 | €1,838,439 | -€283,981 | -13.4% |
| Profit (loss) carried forward | 14 | €0 | -€5,668 | -€5,668 | |
| Provisions and deferred taxes | 16 | €246,827 | €246,827 | = | 0.0% |
| Deferred taxes | 168 | €246,827 | €246,827 | = | 0.0% |
| Amounts payable | 17/49 | €10,201 | €766 | -€9,435 | -92.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,320 | €766 | -€5,554 | -87.9% |
| Current portion of amounts payable after more than one year | 42 | €5,879 | €0 | -€5,879 | -100.0% |
| Trade debts | 44 | €441 | €204 | -€237 | -53.7% |
| Suppliers | 440/4 | €441 | €204 | -€237 | -53.7% |
| Taxes, remuneration and social security | 45 | €0 | €562 | +€562 | |
| Taxes | 450/3 | €0 | €562 | +€562 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,881 | €0 | -€3,881 | -100.0% |
| Remuneration, social security and pensions | 62 | €26,546 | €0 | -€26,546 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,756 | €10,596 | -€8,159 | -43.5% |
| Other operating charges | 640/8 | €3,487 | €3,700 | +€213 | +6.1% |
| Gross operating margin | 9900 | €1,138,215 | -€2,947 | -€1.1m | |
| Operating profit (loss) | 9901 | €1,089,425 | -€17,244 | -€1.1m | |
| Financial income | 75/76B | €30,843 | €18,739 | -€12,104 | -39.2% |
| Recurring financial income | 75 | €30,843 | €18,739 | -€12,104 | -39.2% |
| Financial charges | 65/66B | €4,306 | €4,367 | +€61 | +1.4% |
| Recurring financial charges | 65 | €4,306 | €4,367 | +€61 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €1,115,962 | -€2,872 | -€1.1m | |
| Transfer to deferred taxes | 680 | €246,827 | €0 | -€246,827 | -100.0% |
| Income taxes | 67/77 | €42,522 | €2,796 | -€39,726 | -93.4% |
| Profit (loss) for the period | 9904 | €826,613 | -€5,668 | -€832,281 | |
| Transfer from tax-exempt reserves | 789 | €733 | €0 | -€733 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €740,482 | €0 | -€740,482 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,865 | -€5,668 | -€92,532 |
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 8 October 2026 via checked.be.