VAN DYCK MANAGEMENT: 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 DYCK MANAGEMENT
Largest movements
- Cash +€95,950
up €95,950 (+247%), from €38,848 to €134,798
mainly Receivables within one year (+€93,445) and Net result for the year (+€28,743)
- Receivables within one year -€93,445
down €93,445 (-85.4%), from €109,410 to €15,965
of which Trade receivables: -€99,287
- Reserves +€28,743
up €28,743 (+24.6%), from €117,011 to €145,754
- Trade debts -€19,093
down €19,093 (-95.8%), from €19,940 to €847
- Other debts -€7,618
no longer reported in 2025 (was €7,618)
- Gross operating margin +€3,753
up €3,753 (+9.6%), from €38,953 to €42,706
- Taxes +€840
up €840 (+8.2%), from €10,241 to €11,081
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.
Derived cash bridge
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 | €148,569 | €150,828 | +€2,259 | +1.5% |
| Fixed assets | 21/28 | €311 | €65 | -€246 | -79.1% |
| Tangible fixed assets | 22/27 | €311 | €65 | -€246 | -79.1% |
| Furniture and vehicles | 24 | €311 | €65 | -€246 | -79.1% |
| Current assets | 29/58 | €148,258 | €150,763 | +€2,505 | +1.7% |
| Amounts receivable within one year | 40/41 | €109,410 | €15,965 | -€93,445 | -85.4% |
| Trade receivables | 40 | €99,287 | - | -€99,287 | |
| Other amounts receivable | 41 | €10,123 | €15,965 | +€5,842 | +57.7% |
| Cash at bank and in hand | 54/58 | €38,848 | €134,798 | +€95,950 | +247% |
| Total equity and liabilities | 10/49 | €148,569 | €150,828 | +€2,259 | +1.5% |
| Equity | 10/15 | €121,011 | €149,754 | +€28,743 | +23.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €117,011 | €145,754 | +€28,743 | +24.6% |
| Distributable reserves | 133 | €117,011 | €145,754 | +€28,743 | +24.6% |
| Amounts payable | 17/49 | €27,558 | €1,074 | -€26,484 | -96.1% |
| Amounts payable within one year | 42/48 | €27,558 | €1,074 | -€26,484 | -96.1% |
| Trade debts | 44 | €19,940 | €847 | -€19,093 | -95.8% |
| Suppliers | 440/4 | €19,940 | €847 | -€19,093 | -95.8% |
| Taxes, remuneration and social security | 45 | - | €227 | +€227 | |
| Taxes | 450/3 | - | €227 | +€227 | |
| Other amounts payable | 47/48 | €7,618 | - | -€7,618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | €246 | = | 0.0% |
| Other operating charges | 640/8 | €2,302 | €2,632 | +€330 | +14.3% |
| Gross operating margin | 9900 | €38,953 | €42,706 | +€3,753 | +9.6% |
| Operating profit (loss) | 9901 | €36,405 | €39,828 | +€3,423 | +9.4% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €69 | €95 | +€26 | +37.7% |
| Recurring financial charges | 65 | €69 | €95 | +€26 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €36,336 | €39,824 | +€3,488 | +9.6% |
| Income taxes | 67/77 | €10,241 | €11,081 | +€840 | +8.2% |
| Profit (loss) for the period | 9904 | €26,095 | €28,743 | +€2,648 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,095 | €28,743 | +€2,648 | +10.1% |
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 15 October 2026 via checked.be.