Van Maele: 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.
What changed
Van Maele
NACE 46.620, Wholesale of machine tools
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,187
2024 · €22,854-€38,041
Equity
€1.2m
2024 · €1.2m-€15,187
Cash
€9,137
2024 · €9,541-€405
Balance sheet total
€1.7m
2024 · €1.8m-€86,446
Largest movements
Assets
- Tangible fixed assets -€69,272
down €69,272 (-17.4%), from €397,440 to €328,168
- Current investments +€59,372
up €59,372 (+29.6%), from €200,628 to €260,000
- Stocks and contracts -€38,191
down €38,191 (-5.3%), from €725,484 to €687,293
- Receivables within one year -€34,690
down €34,690 (-7.8%), from €443,614 to €408,924
of which Trade receivables: -€31,040
Equity and liabilities
- Debts after one year -€61,930
down €61,930 (-23.0%), from €268,988 to €207,058
Income statement
- Gross operating margin -€46,114
down €46,114 (-8.0%), from €575,355 to €529,241
- Taxes -€12,279
down €12,279 (-80.0%), from €15,350 to €3,071
- Financial charges -€11,481
down €11,481 (-49.2%), from €23,331 to €11,851
- Staff costs -€11,371
down €11,371 (-2.5%), from €448,047 to €436,675
- Financial income -€7,220
down €7,220 (-83.1%), from €8,687 to €1,467
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.
Result 2024
€22,854
Gross operating margin
-€46,114
Staff costs
+€11,371
Depreciation
-€3,256
Write-downs
+€340
Other operating charges
+€1,530
Other operating items
-€18,452
Financial income
-€7,220
Financial charges
+€11,481
Taxes
+€12,279
Result 2025
-€15,187
Cash bridge derived
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.
From operations
+€120,019
Investment
-€53,040
Financing
-€67,384
Cash 2024
€9,541
From operations (derived)
+€120,019
Net result for the year
-€15,187
Depreciation
+€66,113
Stocks and contracts
+€38,191
Receivables within one year
+€34,690
Deferred charges and accrued income
+€87
Trade debts
-€11,321
Tax, wage and social debts
+€7,043
Accrued charges and deferred income
+€403
Investment (derived)
-€53,040
Investment in fixed assets (net)
+€6,333
Current investments
-€59,372
Financing
-€67,384
Debts after one year
-€61,930
Current portion of long-term debt
+€52
Short-term financial debts
-€5,506
Cash 2025
€9,137
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,793,033 | €1,706,587 | -€86,446 | -4.8% |
| Fixed assets | 21/28 | €404,208 | €331,763 | -€72,445 | -17.9% |
| Intangible fixed assets | 21 | €6,768 | €3,594 | -€3,173 | -46.9% |
| Tangible fixed assets | 22/27 | €397,440 | €328,168 | -€69,272 | -17.4% |
| Plant, machinery and equipment | 23 | €34,956 | €24,477 | -€10,479 | -30.0% |
| Furniture and vehicles | 24 | €48,018 | €17,156 | -€30,862 | -64.3% |
| Leasing and similar rights | 25 | €12,010 | €3,136 | -€8,874 | -73.9% |
| Other tangible fixed assets | 26 | €302,456 | €283,399 | -€19,057 | -6.3% |
| Current assets | 29/58 | €1,388,825 | €1,374,825 | -€14,000 | -1.0% |
| Stocks and contracts in progress | 3 | €725,484 | €687,293 | -€38,191 | -5.3% |
| Stocks | 30/36 | €725,484 | €687,293 | -€38,191 | -5.3% |
| Amounts receivable within one year | 40/41 | €443,614 | €408,924 | -€34,690 | -7.8% |
| Trade receivables | 40 | €401,464 | €370,424 | -€31,040 | -7.7% |
| Other amounts receivable | 41 | €42,150 | €38,500 | -€3,650 | -8.7% |
| Current investments | 50/53 | €200,628 | €260,000 | +€59,372 | +29.6% |
| Cash at bank and in hand | 54/58 | €9,541 | €9,137 | -€405 | -4.2% |
| Deferred charges and accrued income | 490/1 | €9,558 | €9,471 | -€87 | -0.9% |
| Total equity and liabilities | 10/49 | €1,793,033 | €1,706,587 | -€86,446 | -4.8% |
| Equity | 10/15 | €1,200,474 | €1,185,287 | -€15,187 | -1.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,101,316 | €1,086,129 | -€15,187 | -1.4% |
| Non-distributable reserves | 130/1 | €127,916 | €127,916 | = | 0.0% |
| Legal reserve | 130 | €27,916 | €27,916 | = | 0.0% |
| Own shares acquired | 1312 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,038 | €19,038 | = | 0.0% |
| Distributable reserves | 133 | €954,362 | €939,176 | -€15,187 | -1.6% |
| Amounts payable | 17/49 | €592,559 | €521,300 | -€71,259 | -12.0% |
| Amounts payable after more than one year | 17 | €268,988 | €207,058 | -€61,930 | -23.0% |
| Financial debts | 170/4 | €268,988 | €207,058 | -€61,930 | -23.0% |
| Amounts payable within one year | 42/48 | €315,706 | €305,973 | -€9,732 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €73,785 | €73,837 | +€52 | +0.1% |
| Financial debts | 43 | €13,567 | €8,060 | -€5,506 | -40.6% |
| Credit institutions | 430/8 | €13,567 | €8,060 | -€5,506 | -40.6% |
| Trade debts | 44 | €71,837 | €60,516 | -€11,321 | -15.8% |
| Suppliers | 440/4 | €71,837 | €60,516 | -€11,321 | -15.8% |
| Taxes, remuneration and social security | 45 | €61,555 | €68,599 | +€7,043 | +11.4% |
| Taxes | 450/3 | €11,768 | €25,945 | +€14,177 | +120.5% |
| Remuneration and social security | 454/9 | €49,787 | €42,653 | -€7,133 | -14.3% |
| Other amounts payable | 47/48 | €94,961 | €94,961 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,866 | €8,269 | +€403 | +5.1% |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Remuneration, social security and pensions | 62 | €448,047 | €436,675 | -€11,371 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,857 | €66,113 | +€3,256 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €340 | €0 | -€340 | -100.0% |
| Other operating charges | 640/8 | €11,264 | €9,734 | -€1,530 | -13.6% |
| Non-recurring operating charges | 66A | - | €18,452 | +€18,452 | |
| Gross operating margin | 9900 | €575,355 | €529,241 | -€46,114 | -8.0% |
| Operating profit (loss) | 9901 | €52,848 | -€1,732 | -€54,580 | |
| Financial income | 75/76B | €8,687 | €1,467 | -€7,220 | -83.1% |
| Recurring financial income | 75 | €8,687 | €1,467 | -€7,220 | -83.1% |
| Financial charges | 65/66B | €23,331 | €11,851 | -€11,481 | -49.2% |
| Recurring financial charges | 65 | €23,331 | €11,851 | -€11,481 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €38,204 | -€12,116 | -€50,320 | |
| Income taxes | 67/77 | €15,350 | €3,071 | -€12,279 | -80.0% |
| Profit (loss) for the period | 9904 | €22,854 | -€15,187 | -€38,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,854 | -€15,187 | -€38,041 |
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 9 October 2026 via checked.be.