VAN DYCK & PARTNERS: 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 & PARTNERS
Largest movements
- Current investments -€50,158
down €50,158 (-8.7%), from €577,012 to €526,854
- Cash -€45,203
down €45,203 (-24.9%), from €181,426 to €136,223
mainly Investment in fixed assets (net) (-€57,978) and Short-term financial debts (-€37,403)
- Receivables within one year +€29,689
up €29,689 (+83.6%), from €35,526 to €65,215
of which Other amounts receivable: +€56,524
- Tangible fixed assets +€25,062
up €25,062 (+6.5%), from €385,918 to €410,980
of which Land and buildings: +€26,568
- Short-term financial debts -€37,403
down €37,403 (-98.6%), from €37,934 to €531
- Tax, wage and social debts -€26,886
down €26,886 (-100%), from €26,886 to €0
- Reserves +€26,167
up €26,167 (+2.8%), from €935,777 to €961,945
of which Distributable reserves: +€32,221
- Gross operating margin -€181,430
down €181,430 (-86.0%), from €210,889 to €29,459
- Taxes -€67,559
down €67,559 (-93.9%), from €71,918 to €4,359
- Depreciation +€12,606
up €12,606 (+62.1%), from €20,309 to €32,916
- Other operating charges -€2,861
down €2,861 (-36.3%), from €7,882 to €5,021
- Write-downs -€2,417
down €2,417 (-100%), from €2,417 to €0
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 | €1,181,439 | €1,139,994 | -€41,446 | -3.5% |
| Fixed assets | 21/28 | €385,918 | €410,980 | +€25,062 | +6.5% |
| Tangible fixed assets | 22/27 | €385,918 | €410,980 | +€25,062 | +6.5% |
| Land and buildings | 22 | €379,463 | €406,031 | +€26,568 | +7.0% |
| Plant, machinery and equipment | 23 | €2,082 | €1,901 | -€181 | -8.7% |
| Furniture and vehicles | 24 | €4,373 | €3,047 | -€1,325 | -30.3% |
| Current assets | 29/58 | €795,522 | €729,014 | -€66,508 | -8.4% |
| Amounts receivable within one year | 40/41 | €35,526 | €65,215 | +€29,689 | +83.6% |
| Trade receivables | 40 | €29,811 | €2,976 | -€26,835 | -90.0% |
| Other amounts receivable | 41 | €5,715 | €62,239 | +€56,524 | +989% |
| Current investments | 50/53 | €577,012 | €526,854 | -€50,158 | -8.7% |
| Cash at bank and in hand | 54/58 | €181,426 | €136,223 | -€45,203 | -24.9% |
| Deferred charges and accrued income | 490/1 | €1,558 | €721 | -€837 | -53.7% |
| Total equity and liabilities | 10/49 | €1,181,439 | €1,139,994 | -€41,446 | -3.5% |
| Equity | 10/15 | €1,088,777 | €1,114,944 | +€26,167 | +2.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €935,777 | €961,945 | +€26,167 | +2.8% |
| Tax-exempt reserves | 132 | €57,516 | €51,462 | -€6,054 | -10.5% |
| Distributable reserves | 133 | €878,261 | €910,483 | +€32,221 | +3.7% |
| Profit (loss) carried forward | 14 | €134,450 | €134,450 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,163 | €17,154 | -€1,009 | -5.6% |
| Deferred taxes | 168 | €18,163 | €17,154 | -€1,009 | -5.6% |
| Amounts payable | 17/49 | €74,499 | €7,895 | -€66,604 | -89.4% |
| Amounts payable within one year | 42/48 | €74,499 | €7,895 | -€66,604 | -89.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,000 | +€6,000 | |
| Financial debts | 43 | €37,934 | €531 | -€37,403 | -98.6% |
| Credit institutions | 430/8 | €37,934 | €531 | -€37,403 | -98.6% |
| Trade debts | 44 | €9,679 | €729 | -€8,950 | -92.5% |
| Suppliers | 440/4 | €9,679 | €729 | -€8,950 | -92.5% |
| Advances received on contracts in progress | 46 | - | €635 | +€635 | |
| Taxes, remuneration and social security | 45 | €26,886 | €0 | -€26,886 | -100% |
| Taxes | 450/3 | €26,886 | €0 | -€26,886 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,309 | €32,916 | +€12,606 | +62.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,417 | €0 | -€2,417 | -100% |
| Other operating charges | 640/8 | €7,882 | €5,021 | -€2,861 | -36.3% |
| Gross operating margin | 9900 | €210,889 | €29,459 | -€181,430 | -86.0% |
| Operating profit (loss) | 9901 | €180,281 | -€8,478 | -€188,758 | |
| Financial income | 75/76B | €42,079 | €39,829 | -€2,251 | -5.3% |
| Recurring financial income | 75 | €42,079 | €39,829 | -€2,251 | -5.3% |
| Financial charges | 65/66B | €772 | €1,834 | +€1,062 | +138% |
| Recurring financial charges | 65 | €772 | €1,834 | +€1,062 | +138% |
| Profit (loss) for the period before taxes | 9903 | €221,588 | €29,517 | -€192,071 | -86.7% |
| Transfer from deferred taxes | 780 | €1,009 | €1,009 | = | 0.0% |
| Income taxes | 67/77 | €71,918 | €4,359 | -€67,559 | -93.9% |
| Profit (loss) for the period | 9904 | €150,679 | €26,167 | -€124,511 | -82.6% |
| Transfer from tax-exempt reserves | 789 | - | €6,054 | +€6,054 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,679 | €32,221 | -€118,457 | -78.6% |
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 17 October 2026 via checked.be.