VAN WELDE EDDY: 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 WELDE EDDY
Largest movements
- Current investments +€73,967
new in 2025: €73,967
- Tangible fixed assets +€72,791
up €72,791 (+966%), from €7,532 to €80,323
of which Leasing and similar rights: +€74,581
- Receivables within one year -€49,426
down €49,426 (-34.5%), from €143,104 to €93,678
of which Trade receivables: -€50,773
- Cash -€25,088
down €25,088 (-17.1%), from €146,760 to €121,671
mainly Investment in fixed assets (net) (-€76,032) and Current investments (-€73,967)
- Debts after one year +€48,749
up €48,749, from €0 to €48,749
- Current portion of long-term debt +€10,892
up €10,892, from €0 to €10,892
- Reserves +€7,039
up €7,039 (+3.5%), from €202,580 to €209,618
- Trade debts +€6,200
up €6,200 (+17.3%), from €35,885 to €42,085
- Gross operating margin -€14,336
down €14,336 (-17.8%), from €80,329 to €65,993
- Taxes -€5,394
down €5,394 (-65.1%), from €8,290 to €2,896
- Other operating charges +€2,478
up €2,478 (+207%), from €1,195 to €3,673
- Write-downs +€2,113
up €2,113 (+4.9%), from €43,137 to €45,250
- Depreciation +€1,541
up €1,541 (+90.7%), from €1,700 to €3,241
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 | €300,641 | €374,331 | +€73,691 | +24.5% |
| Fixed assets | 21/28 | €7,532 | €80,323 | +€72,791 | +966% |
| Tangible fixed assets | 22/27 | €7,532 | €80,323 | +€72,791 | +966% |
| Land and buildings | 22 | €4,840 | €4,000 | -€840 | -17.4% |
| Plant, machinery and equipment | 23 | €2,584 | €1,742 | -€842 | -32.6% |
| Furniture and vehicles | 24 | €107 | €0 | -€107 | -100% |
| Leasing and similar rights | 25 | €0 | €74,581 | +€74,581 | |
| Current assets | 29/58 | €293,109 | €294,008 | +€899 | +0.3% |
| Amounts receivable within one year | 40/41 | €143,104 | €93,678 | -€49,426 | -34.5% |
| Trade receivables | 40 | €139,748 | €88,975 | -€50,773 | -36.3% |
| Other amounts receivable | 41 | €3,356 | €4,703 | +€1,346 | +40.1% |
| Current investments | 50/53 | - | €73,967 | +€73,967 | |
| Cash at bank and in hand | 54/58 | €146,760 | €121,671 | -€25,088 | -17.1% |
| Deferred charges and accrued income | 490/1 | €3,245 | €4,692 | +€1,447 | +44.6% |
| Total equity and liabilities | 10/49 | €300,641 | €374,331 | +€73,691 | +24.5% |
| Equity | 10/15 | €221,180 | €228,218 | +€7,039 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,580 | €209,618 | +€7,039 | +3.5% |
| Distributable reserves | 133 | €202,580 | €209,618 | +€7,039 | +3.5% |
| Amounts payable | 17/49 | €79,461 | €146,113 | +€66,652 | +83.9% |
| Amounts payable after more than one year | 17 | €0 | €48,749 | +€48,749 | |
| Financial debts | 170/4 | €0 | €48,749 | +€48,749 | |
| Amounts payable within one year | 42/48 | €75,762 | €94,742 | +€18,980 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,892 | +€10,892 | |
| Trade debts | 44 | €35,885 | €42,085 | +€6,200 | +17.3% |
| Suppliers | 440/4 | €35,885 | €42,085 | +€6,200 | +17.3% |
| Taxes, remuneration and social security | 45 | €4,935 | €4,935 | = | 0.0% |
| Taxes | 450/3 | €4,935 | €4,935 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,943 | €36,830 | +€1,887 | +5.4% |
| Accrued charges and deferred income | 492/3 | €3,699 | €2,623 | -€1,076 | -29.1% |
| Remuneration, social security and pensions | 62 | €827 | €0 | -€827 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €3,241 | +€1,541 | +90.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,137 | €45,250 | +€2,113 | +4.9% |
| Other operating charges | 640/8 | €1,195 | €3,673 | +€2,478 | +207% |
| Gross operating margin | 9900 | €80,329 | €65,993 | -€14,336 | -17.8% |
| Operating profit (loss) | 9901 | €33,470 | €13,829 | -€19,641 | -58.7% |
| Financial income | 75/76B | €196 | €941 | +€746 | +381% |
| Recurring financial income | 75 | €196 | €329 | +€133 | +67.9% |
| Non-recurring financial income | 76B | - | €613 | +€613 | |
| Financial charges | 65/66B | €5,439 | €4,836 | -€603 | -11.1% |
| Recurring financial charges | 65 | €5,439 | €4,836 | -€603 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €28,227 | €9,935 | -€18,292 | -64.8% |
| Income taxes | 67/77 | €8,290 | €2,896 | -€5,394 | -65.1% |
| Profit (loss) for the period | 9904 | €19,936 | €7,039 | -€12,898 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,936 | €7,039 | -€12,898 | -64.7% |
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 23 October 2026 via checked.be.