Van Dyck Projects: 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 Projects
Largest movements
- Cash +€10,579
up €10,579 (+20.5%), from €51,540 to €62,119
mainly Other debts (+€12,859) and Depreciation (+€9,616)
- Tangible fixed assets -€8,952
down €8,952 (-13.3%), from €67,281 to €58,329
of which Plant, machinery and equipment: -€4,688
- Other debts +€12,859
new in 2025: €12,859
- Reserves -€9,967
down €9,967 (-28.7%), from €34,780 to €24,813
of which Distributable reserves: -€9,967
- Debts after one year -€4,531
down €4,531 (-31.9%), from €14,214 to €9,683
- Trade debts +€2,471
up €2,471 (+8.5%), from €29,102 to €31,573
- Gross operating margin -€9,327
down €9,327 (-3.6%), from €259,031 to €249,704
- Staff costs -€7,093
down €7,093 (-3.0%), from €234,123 to €227,031
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 | €130,223 | €131,651 | +€1,428 | +1.1% |
| Fixed assets | 21/28 | €67,281 | €58,329 | -€8,952 | -13.3% |
| Tangible fixed assets | 22/27 | €67,281 | €58,329 | -€8,952 | -13.3% |
| Plant, machinery and equipment | 23 | €33,007 | €28,318 | -€4,688 | -14.2% |
| Furniture and vehicles | 24 | €9,076 | €7,833 | -€1,243 | -13.7% |
| Other tangible fixed assets | 26 | €25,199 | €22,178 | -€3,021 | -12.0% |
| Current assets | 29/58 | €62,942 | €73,322 | +€10,380 | +16.5% |
| Stocks and contracts in progress | 3 | €5,409 | €5,158 | -€251 | -4.6% |
| Stocks | 30/36 | €5,409 | €5,158 | -€251 | -4.6% |
| Amounts receivable within one year | 40/41 | €4,010 | €4,922 | +€912 | +22.7% |
| Trade receivables | 40 | €3,099 | €4,922 | +€1,823 | +58.8% |
| Other amounts receivable | 41 | €911 | €0 | -€911 | -100% |
| Cash at bank and in hand | 54/58 | €51,540 | €62,119 | +€10,579 | +20.5% |
| Deferred charges and accrued income | 490/1 | €1,984 | €1,124 | -€860 | -43.4% |
| Total equity and liabilities | 10/49 | €130,223 | €131,651 | +€1,428 | +1.1% |
| Equity | 10/15 | €53,380 | €43,413 | -€9,967 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,780 | €24,813 | -€9,967 | -28.7% |
| 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 | €32,920 | €22,953 | -€9,967 | -30.3% |
| Amounts payable | 17/49 | €76,843 | €88,238 | +€11,395 | +14.8% |
| Amounts payable after more than one year | 17 | €14,214 | €9,683 | -€4,531 | -31.9% |
| Financial debts | 170/4 | €14,214 | €9,683 | -€4,531 | -31.9% |
| Amounts payable within one year | 42/48 | €62,630 | €78,556 | +€15,926 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €4,336 | €4,531 | +€195 | +4.5% |
| Trade debts | 44 | €29,102 | €31,573 | +€2,471 | +8.5% |
| Suppliers | 440/4 | €29,102 | €31,573 | +€2,471 | +8.5% |
| Taxes, remuneration and social security | 45 | €29,193 | €29,593 | +€400 | +1.4% |
| Taxes | 450/3 | €10,470 | €11,092 | +€622 | +5.9% |
| Remuneration and social security | 454/9 | €18,722 | €18,500 | -€222 | -1.2% |
| Other amounts payable | 47/48 | - | €12,859 | +€12,859 | |
| Remuneration, social security and pensions | 62 | €234,123 | €227,031 | -€7,093 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,387 | €9,616 | -€1,771 | -15.6% |
| Other operating charges | 640/8 | €544 | €560 | +€16 | +2.9% |
| Non-recurring operating charges | 66A | - | €2,432 | +€2,432 | |
| Gross operating margin | 9900 | €259,031 | €249,704 | -€9,327 | -3.6% |
| Operating profit (loss) | 9901 | €12,977 | €10,066 | -€2,911 | -22.4% |
| Financial income | 75/76B | €232 | €325 | +€93 | +40.2% |
| Recurring financial income | 75 | €232 | €325 | +€93 | +40.2% |
| Financial charges | 65/66B | €2,215 | €2,313 | +€99 | +4.5% |
| Recurring financial charges | 65 | €2,215 | €2,313 | +€99 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €10,994 | €8,078 | -€2,916 | -26.5% |
| Income taxes | 67/77 | €3,716 | €3,345 | -€371 | -10.0% |
| Profit (loss) for the period | 9904 | €7,278 | €4,733 | -€2,545 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,278 | €4,733 | -€2,545 | -35.0% |
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 18 October 2026 via checked.be.