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
- Tangible fixed assets +€106,494
up €106,494 (+26.5%), from €402,020 to €508,514
of which Land and buildings: +€138,083
- Cash -€7,043
down €7,043 (-40.0%), from €17,601 to €10,558
mainly Investment in fixed assets (net) (-€158,378) and Trade debts (-€8,874)
- Debts after one year +€55,348
up €55,348 (+56.7%), from €97,561 to €152,908
- Other debts +€30,865
up €30,865 (+13.1%), from €236,461 to €267,326
- Current portion of long-term debt +€19,596
up €19,596 (+103.5%), from €18,930 to €38,526
- Trade debts -€8,874
down €8,874 (-31.7%), from €27,969 to €19,095
- Gross operating margin +€13,931
up €13,931 (+28.1%), from €49,617 to €63,548
- Depreciation +€7,168
up €7,168 (+16.0%), from €44,716 to €51,884
- Financial charges +€1,874
up €1,874 (+61.5%), from €3,046 to €4,921
- Taxes +€832
up €832 (+814.1%), from €102 to €935
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 | €449,609 | €550,643 | +€101,034 | +22.5% |
| Fixed assets | 21/28 | €402,020 | €508,514 | +€106,494 | +26.5% |
| Tangible fixed assets | 22/27 | €402,020 | €508,514 | +€106,494 | +26.5% |
| Land and buildings | 22 | €124,289 | €262,372 | +€138,083 | +111.1% |
| Plant, machinery and equipment | 23 | €93,680 | €83,829 | -€9,851 | -10.5% |
| Furniture and vehicles | 24 | €22,263 | €15,744 | -€6,519 | -29.3% |
| Other tangible fixed assets | 26 | €161,787 | €146,568 | -€15,219 | -9.4% |
| Current assets | 29/58 | €47,589 | €42,129 | -€5,460 | -11.5% |
| Stocks and contracts in progress | 3 | €10,787 | €9,039 | -€1,749 | -16.2% |
| Stocks | 30/36 | €10,787 | €9,039 | -€1,749 | -16.2% |
| Amounts receivable within one year | 40/41 | €15,618 | €19,367 | +€3,749 | +24.0% |
| Trade receivables | 40 | €3,923 | €7,602 | +€3,679 | +93.8% |
| Other amounts receivable | 41 | €11,695 | €11,766 | +€70 | +0.6% |
| Cash at bank and in hand | 54/58 | €17,601 | €10,558 | -€7,043 | -40.0% |
| Deferred charges and accrued income | 490/1 | €3,583 | €3,165 | -€417 | -11.7% |
| Total equity and liabilities | 10/49 | €449,609 | €550,643 | +€101,034 | +22.5% |
| Equity | 10/15 | €68,688 | €72,788 | +€4,099 | +6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €49,881 | €49,881 | = | 0.0% |
| Distributable reserves | 133 | €49,881 | €49,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216 | €4,315 | +€4,099 | +1901.4% |
| Amounts payable | 17/49 | €380,921 | €477,855 | +€96,935 | +25.4% |
| Amounts payable after more than one year | 17 | €97,561 | €152,908 | +€55,348 | +56.7% |
| Financial debts | 170/4 | €97,561 | €152,908 | +€55,348 | +56.7% |
| Amounts payable within one year | 42/48 | €283,360 | €324,947 | +€41,587 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €18,930 | €38,526 | +€19,596 | +103.5% |
| Trade debts | 44 | €27,969 | €19,095 | -€8,874 | -31.7% |
| Suppliers | 440/4 | €27,969 | €19,095 | -€8,874 | -31.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €236,461 | €267,326 | +€30,865 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,716 | €51,884 | +€7,168 | +16.0% |
| Other operating charges | 640/8 | €1,538 | €1,710 | +€172 | +11.2% |
| Gross operating margin | 9900 | €49,617 | €63,548 | +€13,931 | +28.1% |
| Operating profit (loss) | 9901 | €3,364 | €9,955 | +€6,591 | +195.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,046 | €4,921 | +€1,874 | +61.5% |
| Recurring financial charges | 65 | €3,046 | €4,921 | +€1,874 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €318 | €5,034 | +€4,716 | +1483.8% |
| Income taxes | 67/77 | €102 | €935 | +€832 | +814.1% |
| Profit (loss) for the period | 9904 | €216 | €4,099 | +€3,884 | +1801.4% |
| Profit (loss) for the period to be appropriated | 9905 | €216 | €4,099 | +€3,884 | +1801.4% |
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 6 October 2026 via checked.be.