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 +€157,622
up €157,622 (+38.0%), from €414,636 to €572,258
of which Furniture and vehicles: +€231,613
- Receivables within one year -€72,852
down €72,852 (-61.9%), from €117,619 to €44,767
of which Trade receivables: -€63,199
- Deferred charges and accrued income -€29,556
down €29,556 (-93.1%), from €31,746 to €2,190
- Profit (loss) carried forward +€52,651
up €52,651 (+29.6%), from -€177,603 to -€124,951
- Trade debts -€34,858
down €34,858 (-16.3%), from €214,164 to €179,307
- Debts after one year +€27,418
up €27,418 (+8.1%), from €337,811 to €365,229
of which Financial debts: +€27,418
- Other debts -€12,787
down €12,787 (-21.9%), from €58,357 to €45,570
- Short-term financial debts +€10,315
up €10,315 (+34.4%), from €30,007 to €40,323
- Gross operating margin +€81,721
up €81,721 (+51.5%), from €158,806 to €240,528
- Depreciation +€13,124
up €13,124 (+13.2%), from €99,596 to €112,720
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,157 | €654,461 | +€50,304 | +8.3% |
| Fixed assets | 21/28 | €421,062 | €578,684 | +€157,622 | +37.4% |
| Tangible fixed assets | 22/27 | €414,636 | €572,258 | +€157,622 | +38.0% |
| Plant, machinery and equipment | 23 | €108,986 | €83,574 | -€25,412 | -23.3% |
| Furniture and vehicles | 24 | €145,037 | €376,650 | +€231,613 | +159.7% |
| Leasing and similar rights | 25 | €160,613 | €112,034 | -€48,579 | -30.2% |
| Financial fixed assets | 28 | €6,426 | €6,426 | = | 0.0% |
| Current assets | 29/58 | €183,095 | €75,777 | -€107,318 | -58.6% |
| Stocks and contracts in progress | 3 | €33,730 | €28,820 | -€4,910 | -14.6% |
| Stocks | 30/36 | €33,730 | €28,820 | -€4,910 | -14.6% |
| Amounts receivable within one year | 40/41 | €117,619 | €44,767 | -€72,852 | -61.9% |
| Trade receivables | 40 | €105,803 | €42,604 | -€63,199 | -59.7% |
| Other amounts receivable | 41 | €11,816 | €2,162 | -€9,653 | -81.7% |
| Deferred charges and accrued income | 490/1 | €31,746 | €2,190 | -€29,556 | -93.1% |
| Total equity and liabilities | 10/49 | €604,157 | €654,461 | +€50,304 | +8.3% |
| Equity | 10/15 | -€113,664 | -€61,013 | +€52,651 | +46.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,938 | €1,938 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,788 | €1,788 | = | 0.0% |
| Legal reserve | 130 | €1,788 | €1,788 | = | 0.0% |
| Distributable reserves | 133 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,603 | -€124,951 | +€52,651 | +29.6% |
| Amounts payable | 17/49 | €717,822 | €715,474 | -€2,348 | -0.3% |
| Amounts payable after more than one year | 17 | €337,811 | €365,229 | +€27,418 | +8.1% |
| Financial debts | 170/4 | €118,811 | €146,229 | +€27,418 | +23.1% |
| Other amounts payable | 178/9 | €219,000 | €219,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €380,011 | €350,245 | -€29,765 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €72,163 | €78,083 | +€5,920 | +8.2% |
| Financial debts | 43 | €30,007 | €40,323 | +€10,315 | +34.4% |
| Credit institutions | 430/8 | €30,007 | €40,323 | +€10,315 | +34.4% |
| Trade debts | 44 | €214,164 | €179,307 | -€34,858 | -16.3% |
| Suppliers | 440/4 | €214,164 | €179,307 | -€34,858 | -16.3% |
| Taxes, remuneration and social security | 45 | €5,319 | €6,964 | +€1,645 | +30.9% |
| Taxes | 450/3 | €164 | €3,218 | +€3,054 | +1864.6% |
| Remuneration and social security | 454/9 | €5,155 | €3,746 | -€1,410 | -27.3% |
| Other amounts payable | 47/48 | €58,357 | €45,570 | -€12,787 | -21.9% |
| Remuneration, social security and pensions | 62 | €55,110 | €54,999 | -€111 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,596 | €112,720 | +€13,124 | +13.2% |
| Other operating charges | 640/8 | €2,164 | €3,189 | +€1,026 | +47.4% |
| Gross operating margin | 9900 | €158,806 | €240,528 | +€81,721 | +51.5% |
| Operating profit (loss) | 9901 | €1,937 | €69,620 | +€67,683 | +3494.1% |
| Financial income | 75/76B | €2,024 | €0 | -€2,024 | -100.0% |
| Recurring financial income | 75 | €2,024 | €0 | -€2,024 | -100.0% |
| Financial charges | 65/66B | €16,679 | €16,968 | +€289 | +1.7% |
| Recurring financial charges | 65 | €16,679 | €16,968 | +€289 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,718 | €52,651 | +€65,370 | |
| Profit (loss) for the period | 9904 | -€12,718 | €52,651 | +€65,370 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,718 | €52,651 | +€65,370 |
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 5 October 2026 via checked.be.