VAN WALLENDAEL: what changed
Two fiscal 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 WALLENDAEL
Largest movements
- Receivables within one year -€49,342
down €49,342 (-43.4%), from €113,604 to €64,262
of which Trade receivables: -€37,561
- Stocks and contracts -€18,121
down €18,121 (-10.1%), from €180,305 to €162,184
- Cash -€6,291
down €6,291 (-5.1%), from €124,507 to €118,216
mainly Trade debts (-€47,131) and Accrued charges and deferred income (-€16,970)
- Trade debts -€47,131
down €47,131 (-55.1%), from €85,494 to €38,364
- Accrued charges and deferred income -€16,970
down €16,970 (-90.2%), from €18,810 to €1,839
- Other debts -€16,698
down €16,698 (-55.3%), from €30,198 to €13,501
- Gross operating margin -€31,471
down €31,471 (-64.7%), from €48,634 to €17,163
- Taxes -€6,554
down €6,554 (-76.9%), from €8,519 to €1,965
- Depreciation -€5,552
down €5,552 (-42.8%), from €12,985 to €7,433
- Financial charges -€2,216
down €2,216 (-35.0%), from €6,335 to €4,119
- Financial income +€810
up €810 (+28.9%), from €2,806 to €3,615
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,687 | €365,158 | -€76,529 | -17.3% |
| Fixed assets | 21/28 | €20,069 | €17,075 | -€2,994 | -14.9% |
| Tangible fixed assets | 22/27 | €12,724 | €9,730 | -€2,994 | -23.5% |
| Plant, machinery and equipment | 23 | €8,026 | €4,024 | -€4,002 | -49.9% |
| Furniture and vehicles | 24 | €4,318 | €5,706 | +€1,388 | +32.1% |
| Other tangible fixed assets | 26 | €380 | - | -€380 | |
| Financial fixed assets | 28 | €7,345 | €7,345 | = | 0.0% |
| Current assets | 29/58 | €421,618 | €348,083 | -€73,535 | -17.4% |
| Stocks and contracts in progress | 3 | €180,305 | €162,184 | -€18,121 | -10.1% |
| Stocks | 30/36 | €180,305 | €162,184 | -€18,121 | -10.1% |
| Amounts receivable within one year | 40/41 | €113,604 | €64,262 | -€49,342 | -43.4% |
| Trade receivables | 40 | €95,714 | €58,153 | -€37,561 | -39.2% |
| Other amounts receivable | 41 | €17,890 | €6,108 | -€11,781 | -65.9% |
| Cash at bank and in hand | 54/58 | €124,507 | €118,216 | -€6,291 | -5.1% |
| Deferred charges and accrued income | 490/1 | €3,202 | €3,422 | +€219 | +6.8% |
| Total equity and liabilities | 10/49 | €441,687 | €365,158 | -€76,529 | -17.3% |
| Equity | 10/15 | €305,795 | €307,740 | +€1,945 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,120 | €233,065 | +€1,945 | +0.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €229,260 | €231,205 | +€1,945 | +0.8% |
| Profit (loss) carried forward | 14 | €56,075 | €56,075 | = | 0.0% |
| Amounts payable | 17/49 | €135,892 | €57,418 | -€78,474 | -57.7% |
| Amounts payable within one year | 42/48 | €117,082 | €55,579 | -€61,503 | -52.5% |
| Trade debts | 44 | €85,494 | €38,364 | -€47,131 | -55.1% |
| Suppliers | 440/4 | €85,494 | €38,364 | -€47,131 | -55.1% |
| Taxes, remuneration and social security | 45 | €1,390 | €3,715 | +€2,325 | +167.3% |
| Taxes | 450/3 | €1,390 | €3,715 | +€2,325 | +167.3% |
| Other amounts payable | 47/48 | €30,198 | €13,501 | -€16,698 | -55.3% |
| Accrued charges and deferred income | 492/3 | €18,810 | €1,839 | -€16,970 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,985 | €7,433 | -€5,552 | -42.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €327 | +€327 | |
| Other operating charges | 640/8 | €2,858 | €3,324 | +€466 | +16.3% |
| Gross operating margin | 9900 | €48,634 | €17,163 | -€31,471 | -64.7% |
| Operating profit (loss) | 9901 | €32,791 | €6,079 | -€26,712 | -81.5% |
| Financial income | 75/76B | €2,806 | €3,615 | +€810 | +28.9% |
| Recurring financial income | 75 | €2,806 | €3,615 | +€810 | +28.9% |
| Financial charges | 65/66B | €6,335 | €4,119 | -€2,216 | -35.0% |
| Recurring financial charges | 65 | €6,335 | €4,119 | -€2,216 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €29,262 | €5,576 | -€23,686 | -80.9% |
| Income taxes | 67/77 | €8,519 | €1,965 | -€6,554 | -76.9% |
| Profit (loss) for the period | 9904 | €20,743 | €3,611 | -€17,132 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,743 | €3,611 | -€17,132 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.