VAN DYCK PROJECT: 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 PROJECT
Largest movements
- Stocks and contracts -€22,168
down €22,168 (-70.0%), from €31,668 to €9,500
of which Contracts in progress: -€13,000
- Receivables within one year -€9,497
down €9,497 (-17.6%), from €54,019 to €44,522
of which Trade receivables: -€6,761
- Tangible fixed assets -€8,204
down €8,204 (-58.0%), from €14,136 to €5,932
of which Leasing and similar rights: -€7,000
- Cash -€1,237
no longer reported in 2025 (was €1,237)
mainly Trade debts (-€63,316) and Tax, wage and social debts (-€7,742)
- Trade debts -€63,316
down €63,316 (-74.4%), from €85,084 to €21,767
- Profit (loss) carried forward +€25,699
up €25,699 (+31.2%), from -€82,395 to -€56,696
- Tax, wage and social debts -€7,742
down €7,742 (-27.5%), from €28,116 to €20,374
of which Taxes: -€10,082
- Short-term financial debts +€4,254
up €4,254 (+57.1%), from €7,449 to €11,703
- Gross operating margin +€82,775
up €82,775 (+113%), from €73,474 to €156,249
- Staff costs +€35,222
up €35,222 (+43.1%), from €81,713 to €116,935
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.
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 | €101,060 | €59,954 | -€41,105 | -40.7% |
| Fixed assets | 21/28 | €14,136 | €5,932 | -€8,204 | -58.0% |
| Tangible fixed assets | 22/27 | €14,136 | €5,932 | -€8,204 | -58.0% |
| Plant, machinery and equipment | 23 | €1,212 | €401 | -€812 | -66.9% |
| Furniture and vehicles | 24 | €1,699 | €1,307 | -€392 | -23.1% |
| Leasing and similar rights | 25 | €11,225 | €4,225 | -€7,000 | -62.4% |
| Current assets | 29/58 | €86,924 | €54,022 | -€32,902 | -37.9% |
| Stocks and contracts in progress | 3 | €31,668 | €9,500 | -€22,168 | -70.0% |
| Stocks | 30/36 | €11,668 | €2,500 | -€9,168 | -78.6% |
| Contracts in progress | 37 | €20,000 | €7,000 | -€13,000 | -65.0% |
| Amounts receivable within one year | 40/41 | €54,019 | €44,522 | -€9,497 | -17.6% |
| Trade receivables | 40 | €51,283 | €44,522 | -€6,761 | -13.2% |
| Other amounts receivable | 41 | €2,736 | - | -€2,736 | |
| Cash at bank and in hand | 54/58 | €1,237 | - | -€1,237 | |
| Total equity and liabilities | 10/49 | €101,060 | €59,954 | -€41,105 | -40.7% |
| Equity | 10/15 | -€19,589 | €6,110 | +€25,699 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,206 | €44,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,346 | €42,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,395 | -€56,696 | +€25,699 | +31.2% |
| Amounts payable | 17/49 | €120,649 | €53,845 | -€66,804 | -55.4% |
| Amounts payable within one year | 42/48 | €120,649 | €53,845 | -€66,804 | -55.4% |
| Financial debts | 43 | €7,449 | €11,703 | +€4,254 | +57.1% |
| Credit institutions | 430/8 | €7,449 | €11,703 | +€4,254 | +57.1% |
| Trade debts | 44 | €85,084 | €21,767 | -€63,316 | -74.4% |
| Suppliers | 440/4 | €85,084 | €21,767 | -€63,316 | -74.4% |
| Taxes, remuneration and social security | 45 | €28,116 | €20,374 | -€7,742 | -27.5% |
| Taxes | 450/3 | €27,041 | €16,959 | -€10,082 | -37.3% |
| Remuneration and social security | 454/9 | €1,075 | €3,415 | +€2,340 | +218% |
| Non-recurring operating income | 76A | €4,500 | - | -€4,500 | |
| Remuneration, social security and pensions | 62 | €81,713 | €116,935 | +€35,222 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,073 | €8,204 | +€131 | +1.6% |
| Other operating charges | 640/8 | €743 | €1,227 | +€483 | +65.0% |
| Gross operating margin | 9900 | €73,474 | €156,249 | +€82,775 | +113% |
| Operating profit (loss) | 9901 | -€17,055 | €29,884 | +€46,939 | |
| Financial income | 75/76B | €2,520 | €1,179 | -€1,341 | -53.2% |
| Recurring financial income | 75 | €2,520 | €1,179 | -€1,341 | -53.2% |
| Financial charges | 65/66B | €5,352 | €5,225 | -€127 | -2.4% |
| Recurring financial charges | 65 | €5,352 | €5,225 | -€127 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,887 | €25,838 | +€45,725 | |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€19,887 | €25,699 | +€45,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,887 | €25,699 | +€45,586 |
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.