Van Roy Wendy: 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 Roy Wendy
Largest movements
- Stocks and contracts -€3,193
down €3,193 (-17.5%), from €18,246 to €15,053
- Deferred charges and accrued income +€2,888
up €2,888 (+338%), from €855 to €3,743
- Cash +€1,888
up €1,888 (+19.4%), from €9,740 to €11,627
mainly Stocks and contracts (+€3,193) and Depreciation (+€3,014)
- Tangible fixed assets -€1,014
down €1,014 (-13.5%), from €7,536 to €6,522
of which Plant, machinery and equipment: -€1,014
- Receivables within one year +€451
up €451, from €0 to €451
of which Other amounts receivable: +€451
- Current portion of long-term debt -€2,879
down €2,879 (-100%), from €2,879 to €0
- Trade debts +€2,737
up €2,737 (+1,053%), from €260 to €2,997
- Reserves +€1,642
up €1,642 (+74.2%), from €2,214 to €3,856
- Gross operating margin -€4,989
down €4,989 (-31.4%), from €15,886 to €10,898
- Depreciation -€3,171
down €3,171 (-51.3%), from €6,185 to €3,014
- Financial charges +€1,088
up €1,088 (+66.4%), from €1,639 to €2,727
- Taxes -€792
down €792 (-33.5%), from €2,362 to €1,569
- Other operating charges -€202
down €202 (-10.1%), from €2,004 to €1,802
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 | €40,877 | €41,896 | +€1,019 | +2.5% |
| Fixed assets | 21/28 | €12,036 | €11,022 | -€1,014 | -8.4% |
| Tangible fixed assets | 22/27 | €7,536 | €6,522 | -€1,014 | -13.5% |
| Plant, machinery and equipment | 23 | €7,536 | €6,522 | -€1,014 | -13.5% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €28,841 | €30,874 | +€2,033 | +7.0% |
| Stocks and contracts in progress | 3 | €18,246 | €15,053 | -€3,193 | -17.5% |
| Stocks | 30/36 | €18,246 | €15,053 | -€3,193 | -17.5% |
| Amounts receivable within one year | 40/41 | €0 | €451 | +€451 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €451 | +€451 | |
| Cash at bank and in hand | 54/58 | €9,740 | €11,627 | +€1,888 | +19.4% |
| Deferred charges and accrued income | 490/1 | €855 | €3,743 | +€2,888 | +338% |
| Total equity and liabilities | 10/49 | €40,877 | €41,896 | +€1,019 | +2.5% |
| Equity | 10/15 | €14,614 | €16,256 | +€1,642 | +11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,214 | €3,856 | +€1,642 | +74.2% |
| Distributable reserves | 133 | €2,214 | €3,856 | +€1,642 | +74.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €26,263 | €25,640 | -€623 | -2.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,867 | €23,510 | -€357 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €2,879 | €0 | -€2,879 | -100% |
| Trade debts | 44 | €260 | €2,997 | +€2,737 | +1,053% |
| Suppliers | 440/4 | €260 | €2,997 | +€2,737 | +1,053% |
| Taxes, remuneration and social security | 45 | €2,778 | €2,689 | -€89 | -3.2% |
| Taxes | 450/3 | €1,920 | €1,652 | -€268 | -14.0% |
| Remuneration and social security | 454/9 | €858 | €1,037 | +€179 | +20.9% |
| Other amounts payable | 47/48 | €17,950 | €17,824 | -€126 | -0.7% |
| Accrued charges and deferred income | 492/3 | €2,396 | €2,130 | -€267 | -11.1% |
| Non-recurring operating income | 76A | €5,452 | €531 | -€4,921 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,185 | €3,014 | -€3,171 | -51.3% |
| Other operating charges | 640/8 | €2,004 | €1,802 | -€202 | -10.1% |
| Non-recurring operating charges | 66A | - | €192 | +€192 | |
| Gross operating margin | 9900 | €15,886 | €10,898 | -€4,989 | -31.4% |
| Operating profit (loss) | 9901 | €7,697 | €5,889 | -€1,807 | -23.5% |
| Financial income | 75/76B | €45 | €48 | +€3 | +6.6% |
| Recurring financial income | 75 | €45 | €48 | +€3 | +6.6% |
| Financial charges | 65/66B | €1,639 | €2,727 | +€1,088 | +66.4% |
| Recurring financial charges | 65 | €1,639 | €2,727 | +€1,088 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €6,103 | €3,211 | -€2,892 | -47.4% |
| Income taxes | 67/77 | €2,362 | €1,569 | -€792 | -33.5% |
| Profit (loss) for the period | 9904 | €3,742 | €1,642 | -€2,100 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,742 | €1,642 | -€2,100 | -56.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.