VAN TICHELT WIM: 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 TICHELT WIM
Largest movements
- Receivables within one year +€11,995
up €11,995 (+20.3%), from €59,065 to €71,060
of which Trade receivables: +€12,850
- Tangible fixed assets -€9,898
down €9,898 (-17.2%), from €57,630 to €47,732
of which Land and buildings: -€8,991
- Cash -€5,113
no longer reported in 2025 (was €5,113)
mainly Other debts (-€20,703) and Receivables within one year (-€11,995)
- Other debts -€20,703
down €20,703 (-38.4%), from €53,926 to €33,223
- Trade debts +€14,077
up €14,077 (+81.1%), from €17,368 to €31,445
- Short-term financial debts +€8,540
new in 2025: €8,540
- Debts after one year -€7,778
no longer reported in 2025 (was €7,778)
- Reserves +€5,140
up €5,140 (+19.1%), from €26,860 to €32,000
- Gross operating margin -€6,174
down €6,174 (-24.3%), from €25,456 to €19,282
- Taxes +€1,506
up €1,506 (+396,392%), from €0 to €1,507
- Financial charges -€703
down €703 (-44.5%), from €1,578 to €875
- Financial income -€406
down €406 (-71.6%), from €567 to €161
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 | €125,267 | €122,679 | -€2,588 | -2.1% |
| Fixed assets | 21/28 | €57,630 | €47,732 | -€9,898 | -17.2% |
| Tangible fixed assets | 22/27 | €57,630 | €47,732 | -€9,898 | -17.2% |
| Land and buildings | 22 | €56,071 | €47,079 | -€8,991 | -16.0% |
| Plant, machinery and equipment | 23 | €1,560 | €653 | -€907 | -58.1% |
| Current assets | 29/58 | €67,637 | €74,947 | +€7,310 | +10.8% |
| Amounts receivable within one year | 40/41 | €59,065 | €71,060 | +€11,995 | +20.3% |
| Trade receivables | 40 | €53,813 | €66,662 | +€12,850 | +23.9% |
| Other amounts receivable | 41 | €5,252 | €4,397 | -€855 | -16.3% |
| Current investments | 50/53 | €47 | €369 | +€322 | +684% |
| Cash at bank and in hand | 54/58 | €5,113 | - | -€5,113 | |
| Deferred charges and accrued income | 490/1 | €3,412 | €3,518 | +€107 | +3.1% |
| Total equity and liabilities | 10/49 | €125,267 | €122,679 | -€2,588 | -2.1% |
| Equity | 10/15 | €33,529 | €38,639 | +€5,110 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €32,000 | +€5,140 | +19.1% |
| Distributable reserves | 133 | €26,860 | €32,000 | +€5,140 | +19.1% |
| Profit (loss) carried forward | 14 | €469 | €439 | -€30 | -6.3% |
| Amounts payable | 17/49 | €91,738 | €84,040 | -€7,698 | -8.4% |
| Amounts payable after more than one year | 17 | €7,778 | - | -€7,778 | |
| Financial debts | 170/4 | €7,778 | - | -€7,778 | |
| Amounts payable within one year | 42/48 | €82,960 | €82,540 | -€420 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €11,667 | €7,778 | -€3,888 | -33.3% |
| Financial debts | 43 | - | €8,540 | +€8,540 | |
| Credit institutions | 430/8 | - | €8,540 | +€8,540 | |
| Trade debts | 44 | €17,368 | €31,445 | +€14,077 | +81.1% |
| Suppliers | 440/4 | €17,368 | €31,445 | +€14,077 | +81.1% |
| Taxes, remuneration and social security | 45 | - | €1,554 | +€1,554 | |
| Taxes | 450/3 | - | €1,554 | +€1,554 | |
| Other amounts payable | 47/48 | €53,926 | €33,223 | -€20,703 | -38.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,500 | +€500 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,884 | €9,898 | +€14 | +0.1% |
| Other operating charges | 640/8 | €2,121 | €2,052 | -€69 | -3.2% |
| Gross operating margin | 9900 | €25,456 | €19,282 | -€6,174 | -24.3% |
| Operating profit (loss) | 9901 | €13,451 | €7,331 | -€6,119 | -45.5% |
| Financial income | 75/76B | €567 | €161 | -€406 | -71.6% |
| Recurring financial income | 75 | €567 | €161 | -€406 | -71.6% |
| Financial charges | 65/66B | €1,578 | €875 | -€703 | -44.5% |
| Recurring financial charges | 65 | €1,578 | €875 | -€703 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €12,440 | €6,617 | -€5,823 | -46.8% |
| Income taxes | 67/77 | €0 | €1,507 | +€1,506 | +396,392% |
| Profit (loss) for the period | 9904 | €12,439 | €5,110 | -€7,329 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,439 | €5,110 | -€7,329 | -58.9% |
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 20 October 2026 via checked.be.