VAN PRAET WALTER: what changed
VAN PRAET WALTER
Largest movements
- Tangible fixed assets -€35,401
down €35,401 (-37.4%), from €94,632 to €59,231
of which Furniture and vehicles: -€33,839
- Receivables within one year -€13,351
down €13,351 (-55.8%), from €23,945 to €10,594
of which Other amounts receivable: -€7,228
- Cash -€7,227
down €7,227 (-4.9%), from €146,380 to €139,153
mainly Debts after one year (-€29,336) and Tax, wage and social debts (-€16,954)
- Debts after one year -€29,336
down €29,336 (-33.7%), from €86,921 to €57,585
- Tax, wage and social debts -€16,954
down €16,954 (-76.5%), from €22,152 to €5,198
of which Taxes: -€16,066
- Current portion of long-term debt -€9,524
down €9,524 (-24.1%), from €39,502 to €29,977
- Trade debts -€6,399
down €6,399 (-79.9%), from €8,014 to €1,615
- Reserves +€3,732
up €3,732 (+5.3%), from €70,796 to €74,527
- Gross operating margin -€61,997
down €61,997 (-53.5%), from €115,810 to €53,813
- Staff costs -€60,471
down €60,471 (-89.4%), from €67,673 to €7,202
- Financial charges -€1,746
down €1,746 (-28.4%), from €6,160 to €4,414
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,803 | €210,269 | -€58,534 | -21.8% |
| Fixed assets | 21/28 | €94,632 | €59,231 | -€35,401 | -37.4% |
| Tangible fixed assets | 22/27 | €94,632 | €59,231 | -€35,401 | -37.4% |
| Land and buildings | 22 | €10,929 | €9,681 | -€1,248 | -11.4% |
| Plant, machinery and equipment | 23 | €2,650 | €2,336 | -€314 | -11.9% |
| Furniture and vehicles | 24 | €81,053 | €47,214 | -€33,839 | -41.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €174,170 | €151,038 | -€23,132 | -13.3% |
| Amounts receivable within one year | 40/41 | €23,945 | €10,594 | -€13,351 | -55.8% |
| Trade receivables | 40 | €16,680 | €10,557 | -€6,123 | -36.7% |
| Other amounts receivable | 41 | €7,264 | €36 | -€7,228 | -99.5% |
| Cash at bank and in hand | 54/58 | €146,380 | €139,153 | -€7,227 | -4.9% |
| Deferred charges and accrued income | 490/1 | €3,846 | €1,292 | -€2,554 | -66.4% |
| Total equity and liabilities | 10/49 | €268,803 | €210,269 | -€58,534 | -21.8% |
| Equity | 10/15 | €76,996 | €80,727 | +€3,732 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,796 | €74,527 | +€3,732 | +5.3% |
| Distributable reserves | 133 | €70,796 | €74,527 | +€3,732 | +5.3% |
| Amounts payable | 17/49 | €191,807 | €129,542 | -€62,265 | -32.5% |
| Amounts payable after more than one year | 17 | €86,921 | €57,585 | -€29,336 | -33.7% |
| Financial debts | 170/4 | €86,921 | €57,585 | -€29,336 | -33.7% |
| Amounts payable within one year | 42/48 | €104,886 | €71,957 | -€32,929 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €39,502 | €29,977 | -€9,524 | -24.1% |
| Trade debts | 44 | €8,014 | €1,615 | -€6,399 | -79.9% |
| Suppliers | 440/4 | €8,014 | €1,615 | -€6,399 | -79.9% |
| Taxes, remuneration and social security | 45 | €22,152 | €5,198 | -€16,954 | -76.5% |
| Taxes | 450/3 | €21,150 | €5,083 | -€16,066 | -76.0% |
| Remuneration and social security | 454/9 | €1,003 | €115 | -€888 | -88.5% |
| Other amounts payable | 47/48 | €35,218 | €35,167 | -€51 | -0.1% |
| Remuneration, social security and pensions | 62 | €67,673 | €7,202 | -€60,471 | -89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,470 | €35,401 | -€1,069 | -2.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €115,810 | €53,813 | -€61,997 | -53.5% |
| Operating profit (loss) | 9901 | €11,279 | €10,810 | -€469 | -4.2% |
| Financial income | 75/76B | €273 | - | -€273 | |
| Recurring financial income | 75 | €273 | - | -€273 | |
| Financial charges | 65/66B | €6,160 | €4,414 | -€1,746 | -28.4% |
| Recurring financial charges | 65 | €6,160 | €4,414 | -€1,746 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €5,392 | €6,397 | +€1,005 | +18.6% |
| Income taxes | 67/77 | €2,256 | €2,665 | +€409 | +18.1% |
| Profit (loss) for the period | 9904 | €3,136 | €3,732 | +€596 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,136 | €3,732 | +€596 | +19.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.