VAN WASSENHOVE: what changed
VAN WASSENHOVE
Largest movements
- Tangible fixed assets -€12,957
down €12,957 (-40.3%), from €32,172 to €19,215
of which Land and buildings: -€8,332
- Cash -€4,803
down €4,803 (-1.4%), from €347,155 to €342,352
mainly Other debts (-€30,142) and Contributions, distributions and other (-€10,000)
- Receivables within one year -€4,391
down €4,391 (-34.6%), from €12,706 to €8,315
of which Trade receivables: -€4,110
- Other debts -€30,142
no longer reported in 2025 (was €30,142)
- Reserves +€12,167
up €12,167 (+20.9%), from €58,260 to €70,427
of which Distributable reserves: +€12,167
- Trade debts -€4,094
down €4,094 (-77.0%), from €5,319 to €1,225
- Gross operating margin -€35,473
down €35,473 (-46.1%), from €76,917 to €41,444
- Financial income +€7,474
up €7,474 (+1,041%), from €718 to €8,192
of which Non-recurring financial income: +€6,480
- Taxes -€5,294
down €5,294 (-49.0%), from €10,804 to €5,510
- Depreciation -€2,500
down €2,500 (-16.2%), from €15,457 to €12,957
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,929 | €373,940 | -€21,989 | -5.6% |
| Fixed assets | 21/28 | €32,172 | €19,215 | -€12,957 | -40.3% |
| Tangible fixed assets | 22/27 | €32,172 | €19,215 | -€12,957 | -40.3% |
| Land and buildings | 22 | €26,888 | €18,556 | -€8,332 | -31.0% |
| Furniture and vehicles | 24 | €5,284 | €659 | -€4,625 | -87.5% |
| Current assets | 29/58 | €363,757 | €354,725 | -€9,032 | -2.5% |
| Stocks and contracts in progress | 3 | €413 | €413 | = | 0.0% |
| Stocks | 30/36 | €413 | €413 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,706 | €8,315 | -€4,391 | -34.6% |
| Trade receivables | 40 | €10,980 | €6,870 | -€4,110 | -37.4% |
| Other amounts receivable | 41 | €1,726 | €1,445 | -€281 | -16.3% |
| Cash at bank and in hand | 54/58 | €347,155 | €342,352 | -€4,803 | -1.4% |
| Deferred charges and accrued income | 490/1 | €3,483 | €3,645 | +€162 | +4.7% |
| Total equity and liabilities | 10/49 | €395,929 | €373,940 | -€21,989 | -5.6% |
| Equity | 10/15 | €356,498 | €368,665 | +€12,167 | +3.4% |
| Contributions | 10/11 | €68,170 | €68,170 | = | 0.0% |
| Capital | 10 | €68,170 | €68,170 | = | 0.0% |
| Issued capital | 100 | €68,170 | €68,170 | = | 0.0% |
| Reserves | 13 | €58,260 | €70,427 | +€12,167 | +20.9% |
| Tax-exempt reserves | 132 | €7,936 | €7,936 | = | 0.0% |
| Distributable reserves | 133 | €50,324 | €62,491 | +€12,167 | +24.2% |
| Profit (loss) carried forward | 14 | €230,068 | €230,068 | = | 0.0% |
| Amounts payable | 17/49 | €39,431 | €5,275 | -€34,156 | -86.6% |
| Amounts payable within one year | 42/48 | €35,461 | €1,225 | -€34,236 | -96.5% |
| Trade debts | 44 | €5,319 | €1,225 | -€4,094 | -77.0% |
| Suppliers | 440/4 | €5,319 | €1,225 | -€4,094 | -77.0% |
| Other amounts payable | 47/48 | €30,142 | - | -€30,142 | |
| Accrued charges and deferred income | 492/3 | €3,970 | €4,050 | +€80 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,457 | €12,957 | -€2,500 | -16.2% |
| Other operating charges | 640/8 | €9,101 | €8,949 | -€152 | -1.7% |
| Gross operating margin | 9900 | €76,917 | €41,444 | -€35,473 | -46.1% |
| Operating profit (loss) | 9901 | €52,359 | €19,538 | -€32,821 | -62.7% |
| Financial income | 75/76B | €718 | €8,192 | +€7,474 | +1,041% |
| Recurring financial income | 75 | €718 | €1,712 | +€994 | +138% |
| Non-recurring financial income | 76B | - | €6,480 | +€6,480 | |
| Financial charges | 65/66B | €99 | €53 | -€46 | -46.5% |
| Recurring financial charges | 65 | €99 | €53 | -€46 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €52,978 | €27,677 | -€25,301 | -47.8% |
| Income taxes | 67/77 | €10,804 | €5,510 | -€5,294 | -49.0% |
| Profit (loss) for the period | 9904 | €42,174 | €22,167 | -€20,007 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,174 | €22,167 | -€20,007 | -47.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.