van Waasdijk: 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 Waasdijk
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€168,836
2024 · €127,205+€41,632
Equity
€3.5m
2024 · €3.3m+€168,836
Cash
€186,009
2024 · €458,847-€272,838
Balance sheet total
€5.7m
2024 · €6.1m-€471,745
Largest movements
Assets
- Current investments +€650,000
up €650,000 (+76.5%), from €850,000 to €1.5m
- Receivables within one year -€485,253
down €485,253 (-42.5%), from €1.1m to €656,304
of which Trade receivables: -€421,438
- Cash -€272,838
down €272,838 (-59.5%), from €458,847 to €186,009
mainly Current investments (-€650,000) and Advances received (-€376,528)
- Intangible fixed assets -€207,691
no longer reported in 2025 (was €207,691)
- Deferred charges and accrued income +€169,715
up €169,715 (+285%), from €59,469 to €229,184
Equity and liabilities
- Advances received -€376,528
down €376,528 (-58.0%), from €648,973 to €272,445
- Profit (loss) carried forward +€221,645
up €221,645 (+15.3%), from €1.4m to €1.7m
- Debts after one year -€170,867
down €170,867 (-21.2%), from €804,895 to €634,028
- Accrued charges and deferred income -€90,731
down €90,731 (-73.3%), from €123,766 to €33,036
- Tax, wage and social debts -€64,551
down €64,551 (-39.1%), from €165,146 to €100,595
of which Taxes: -€54,128
Income statement
- Gross operating margin +€60,974
up €60,974 (+3.7%), from €1.6m to €1.7m
- Taxes +€33,381
up €33,381 (+63.2%), from €52,835 to €86,216
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
€127,205
Gross operating margin
+€60,974
Staff costs
+€2,433
Depreciation
-€4,276
Provisions
-€12,436
Other operating charges
+€3,487
Other operating items
+€11,152
Financial income
+€2,412
Financial charges
+€11,266
Taxes
-€33,381
Result 2025
€168,836
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€613,926
Investment
-€732,740
Financing
-€154,024
Cash 2024
€458,847
From operations (derived)
+€613,926
Net result for the year
+€168,836
Depreciation
+€448,470
Stocks and contracts
+€167,639
Receivables within one year
+€485,253
Deferred charges and accrued income
-€169,715
Provisions
+€583
Trade debts
+€44,668
Tax, wage and social debts
-€64,551
Advances received
-€376,528
Accrued charges and deferred income
-€90,731
Investment (derived)
-€732,740
Investment in fixed assets (net)
-€82,740
Current investments
-€650,000
Financing
-€154,024
Debts after one year
-€170,867
Current portion of long-term debt
+€16,844
Cash 2025
€186,009
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,122,048 | €5,650,303 | -€471,745 | -7.7% |
| Fixed assets | 21/28 | €3,367,415 | €3,001,684 | -€365,730 | -10.9% |
| Intangible fixed assets | 21 | €207,691 | - | -€207,691 | |
| Tangible fixed assets | 22/27 | €3,159,724 | €3,001,684 | -€158,039 | -5.0% |
| Plant, machinery and equipment | 23 | €19,891 | €14,427 | -€5,464 | -27.5% |
| Furniture and vehicles | 24 | €111,516 | €140,277 | +€28,761 | +25.8% |
| Leasing and similar rights | 25 | €3,028,317 | €2,846,980 | -€181,336 | -6.0% |
| Current assets | 29/58 | €2,754,634 | €2,648,619 | -€106,015 | -3.8% |
| Stocks and contracts in progress | 3 | €244,761 | €77,122 | -€167,639 | -68.5% |
| Stocks | 30/36 | €244,761 | €77,122 | -€167,639 | -68.5% |
| Amounts receivable within one year | 40/41 | €1,141,557 | €656,304 | -€485,253 | -42.5% |
| Trade receivables | 40 | €1,039,092 | €617,655 | -€421,438 | -40.6% |
| Other amounts receivable | 41 | €102,464 | €38,649 | -€63,815 | -62.3% |
| Current investments | 50/53 | €850,000 | €1,500,000 | +€650,000 | +76.5% |
| Cash at bank and in hand | 54/58 | €458,847 | €186,009 | -€272,838 | -59.5% |
| Deferred charges and accrued income | 490/1 | €59,469 | €229,184 | +€169,715 | +285% |
| Total equity and liabilities | 10/49 | €6,122,048 | €5,650,303 | -€471,745 | -7.7% |
| Equity | 10/15 | €3,328,824 | €3,497,660 | +€168,836 | +5.1% |
| Contributions | 10/11 | €1,276,183 | €1,276,183 | = | 0.0% |
| Capital | 10 | €1,276,183 | €1,276,183 | = | 0.0% |
| Issued capital | 100 | €1,276,183 | €1,276,183 | = | 0.0% |
| Reserves | 13 | €604,277 | €551,468 | -€52,809 | -8.7% |
| Non-distributable reserves | 130/1 | €127,618 | €127,618 | = | 0.0% |
| Legal reserve | 130 | €127,618 | €127,618 | = | 0.0% |
| Tax-exempt reserves | 132 | €270,307 | €217,498 | -€52,809 | -19.5% |
| Distributable reserves | 133 | €206,352 | €206,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,448,363 | €1,670,008 | +€221,645 | +15.3% |
| Provisions and deferred taxes | 16 | €239,789 | €240,372 | +€583 | +0.2% |
| Provisions for liabilities and charges | 160/5 | €103,827 | €131,602 | +€27,775 | +26.8% |
| Pensions and similar obligations | 160 | - | €131,602 | +€131,602 | |
| Other liabilities and charges | 164/5 | €103,827 | - | -€103,827 | |
| Deferred taxes | 168 | €135,962 | €108,769 | -€27,192 | -20.0% |
| Amounts payable | 17/49 | €2,553,436 | €1,912,271 | -€641,165 | -25.1% |
| Amounts payable after more than one year | 17 | €804,895 | €634,028 | -€170,867 | -21.2% |
| Financial debts | 170/4 | €804,895 | €634,028 | -€170,867 | -21.2% |
| Amounts payable within one year | 42/48 | €1,624,775 | €1,245,208 | -€379,567 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €202,630 | €219,474 | +€16,844 | +8.3% |
| Trade debts | 44 | €602,536 | €647,204 | +€44,668 | +7.4% |
| Suppliers | 440/4 | €602,536 | €647,204 | +€44,668 | +7.4% |
| Advances received on contracts in progress | 46 | €648,973 | €272,445 | -€376,528 | -58.0% |
| Taxes, remuneration and social security | 45 | €165,146 | €100,595 | -€64,551 | -39.1% |
| Taxes | 450/3 | €59,666 | €5,538 | -€54,128 | -90.7% |
| Remuneration and social security | 454/9 | €105,480 | €95,057 | -€10,423 | -9.9% |
| Other amounts payable | 47/48 | €5,490 | €5,490 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €123,766 | €33,036 | -€90,731 | -73.3% |
| Remuneration, social security and pensions | 62 | €957,738 | €955,305 | -€2,433 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444,195 | €448,470 | +€4,276 | +1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,339 | €27,775 | +€12,436 | +81.1% |
| Other operating charges | 640/8 | €27,535 | €24,048 | -€3,487 | -12.7% |
| Non-recurring operating charges | 66A | €11,152 | - | -€11,152 | |
| Gross operating margin | 9900 | €1,632,208 | €1,693,182 | +€60,974 | +3.7% |
| Operating profit (loss) | 9901 | €176,249 | €237,583 | +€61,335 | +34.8% |
| Financial income | 75/76B | €16,827 | €19,239 | +€2,412 | +14.3% |
| Recurring financial income | 75 | €16,827 | €19,239 | +€2,412 | +14.3% |
| Financial charges | 65/66B | €40,228 | €28,963 | -€11,266 | -28.0% |
| Recurring financial charges | 65 | €40,228 | €28,963 | -€11,266 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €152,848 | €227,860 | +€75,012 | +49.1% |
| Transfer from deferred taxes | 780 | €27,192 | €27,192 | = | 0.0% |
| Income taxes | 67/77 | €52,835 | €86,216 | +€33,381 | +63.2% |
| Profit (loss) for the period | 9904 | €127,205 | €168,836 | +€41,632 | +32.7% |
| Transfer from tax-exempt reserves | 789 | €52,809 | €52,809 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €180,013 | €221,645 | +€41,632 | +23.1% |
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.