VAN WASSENHOVE: 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 WASSENHOVE
Largest movements
- Tangible fixed assets +€44,978
up €44,978 (+22.2%), from €202,188 to €247,166
of which Furniture and vehicles: +€61,192
- Stocks and contracts -€34,397
down €34,397 (-18.1%), from €190,296 to €155,899
- Receivables within one year +€21,359
up €21,359 (+23.6%), from €90,560 to €111,919
of which Trade receivables: +€21,647
- Cash +€8,239
up €8,239 (+15.5%), from €53,276 to €61,515
mainly Depreciation (+€53,049) and Net result for the year (+€47,457)
- Trade debts -€37,902
down €37,902 (-39.8%), from €95,262 to €57,360
- Reserves +€27,708
new in 2025: €27,708
- Profit (loss) carried forward +€19,750
no longer reported in 2025 (was -€19,750)
- Debts after one year +€19,359
up €19,359 (+9.9%), from €194,678 to €214,037
of which Financial debts: +€14,242
- Current portion of long-term debt +€6,180
up €6,180 (+15.7%), from €39,355 to €45,535
- Gross operating margin +€58,311
up €58,311 (+53.2%), from €109,674 to €167,985
- Taxes +€8,597
up €8,597 (+5,431%), from €158 to €8,755
- Depreciation +€6,970
up €6,970 (+15.1%), from €46,080 to €53,049
- Staff costs +€1,713
up €1,713 (+3.8%), from €45,198 to €46,911
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 | €542,819 | €580,816 | +€37,997 | +7.0% |
| Fixed assets | 21/28 | €207,989 | €250,867 | +€42,879 | +20.6% |
| Intangible fixed assets | 21 | €5,561 | €3,488 | -€2,074 | -37.3% |
| Tangible fixed assets | 22/27 | €202,188 | €247,166 | +€44,978 | +22.2% |
| Plant, machinery and equipment | 23 | €14,924 | €18,069 | +€3,145 | +21.1% |
| Furniture and vehicles | 24 | €10,893 | €72,086 | +€61,192 | +562% |
| Leasing and similar rights | 25 | €176,371 | €157,012 | -€19,359 | -11.0% |
| Financial fixed assets | 28 | €239 | €213 | -€26 | -10.7% |
| Current assets | 29/58 | €334,831 | €329,949 | -€4,882 | -1.5% |
| Stocks and contracts in progress | 3 | €190,296 | €155,899 | -€34,397 | -18.1% |
| Stocks | 30/36 | €190,296 | €155,899 | -€34,397 | -18.1% |
| Amounts receivable within one year | 40/41 | €90,560 | €111,919 | +€21,359 | +23.6% |
| Trade receivables | 40 | €89,991 | €111,638 | +€21,647 | +24.1% |
| Other amounts receivable | 41 | €569 | €282 | -€288 | -50.6% |
| Cash at bank and in hand | 54/58 | €53,276 | €61,515 | +€8,239 | +15.5% |
| Deferred charges and accrued income | 490/1 | €698 | €615 | -€83 | -11.9% |
| Total equity and liabilities | 10/49 | €542,819 | €580,816 | +€37,997 | +7.0% |
| Equity | 10/15 | €42,250 | €89,708 | +€47,457 | +112% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €27,708 | +€27,708 | |
| Distributable reserves | 133 | - | €27,708 | +€27,708 | |
| Profit (loss) carried forward | 14 | -€19,750 | - | +€19,750 | |
| Amounts payable | 17/49 | €500,569 | €491,108 | -€9,461 | -1.9% |
| Amounts payable after more than one year | 17 | €194,678 | €214,037 | +€19,359 | +9.9% |
| Financial debts | 170/4 | €94,161 | €108,403 | +€14,242 | +15.1% |
| Other amounts payable | 178/9 | €100,517 | €105,634 | +€5,117 | +5.1% |
| Amounts payable within one year | 42/48 | €280,584 | €253,197 | -€27,387 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €39,355 | €45,535 | +€6,180 | +15.7% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Other loans | 439 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €95,262 | €57,360 | -€37,902 | -39.8% |
| Suppliers | 440/4 | €95,262 | €57,360 | -€37,902 | -39.8% |
| Taxes, remuneration and social security | 45 | €20,967 | €25,302 | +€4,335 | +20.7% |
| Taxes | 450/3 | €12,108 | €16,196 | +€4,089 | +33.8% |
| Remuneration and social security | 454/9 | €8,859 | €9,105 | +€246 | +2.8% |
| Accrued charges and deferred income | 492/3 | €25,307 | €23,875 | -€1,433 | -5.7% |
| Non-recurring operating income | 76A | - | €6,633 | +€6,633 | |
| Remuneration, social security and pensions | 62 | €45,198 | €46,911 | +€1,713 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,080 | €53,049 | +€6,970 | +15.1% |
| Other operating charges | 640/8 | €5,057 | €4,422 | -€635 | -12.5% |
| Gross operating margin | 9900 | €109,674 | €167,985 | +€58,311 | +53.2% |
| Operating profit (loss) | 9901 | €13,339 | €63,602 | +€50,263 | +377% |
| Financial income | 75/76B | €278 | €1,025 | +€747 | +269% |
| Recurring financial income | 75 | €278 | €1,025 | +€747 | +269% |
| Financial charges | 65/66B | €8,996 | €8,414 | -€582 | -6.5% |
| Recurring financial charges | 65 | €8,996 | €8,414 | -€582 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €4,622 | €56,213 | +€51,591 | +1,116% |
| Income taxes | 67/77 | €158 | €8,755 | +€8,597 | +5,431% |
| Profit (loss) for the period | 9904 | €4,463 | €47,457 | +€42,994 | +963% |
| Profit (loss) for the period to be appropriated | 9905 | €4,463 | €47,457 | +€42,994 | +963% |
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 21 October 2026 via checked.be.