Van Wellen Build: 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 Wellen Build
Largest movements
- Stocks and contracts +€95,360
up €95,360 (+21.5%), from €444,141 to €539,501
- Cash -€12,556
down €12,556 (-10.5%), from €119,725 to €107,169
mainly Stocks and contracts (-€95,360) and Receivables within one year (-€4,475)
- Short-term financial debts +€66,810
up €66,810 (+21.4%), from €312,023 to €378,833
- Trade debts +€19,869
up €19,869 (+341%), from €5,820 to €25,688
- Financial charges +€618
up €618 (+178%), from €347 to €965
- Gross operating margin -€470
down €470 (-34.5%), from -€1,362 to -€1,832
- Other operating charges -€82
down €82 (-10.5%), from €774 to €693
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 | €570,804 | €658,083 | +€87,279 | +15.3% |
| Current assets | 29/58 | €570,804 | €658,083 | +€87,279 | +15.3% |
| Stocks and contracts in progress | 3 | €444,141 | €539,501 | +€95,360 | +21.5% |
| Stocks | 30/36 | €444,141 | €539,501 | +€95,360 | +21.5% |
| Amounts receivable within one year | 40/41 | €6,938 | €11,413 | +€4,475 | +64.5% |
| Trade receivables | 40 | - | €4,180 | +€4,180 | |
| Other amounts receivable | 41 | €6,938 | €7,233 | +€295 | +4.2% |
| Cash at bank and in hand | 54/58 | €119,725 | €107,169 | -€12,556 | -10.5% |
| Total equity and liabilities | 10/49 | €570,804 | €658,083 | +€87,279 | +15.3% |
| Equity | 10/15 | €48,491 | €45,002 | -€3,489 | -7.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,509 | -€16,998 | -€3,489 | -25.8% |
| Amounts payable | 17/49 | €522,313 | €613,081 | +€90,768 | +17.4% |
| Amounts payable within one year | 42/48 | €522,313 | €613,081 | +€90,768 | +17.4% |
| Financial debts | 43 | €312,023 | €378,833 | +€66,810 | +21.4% |
| Credit institutions | 430/8 | €312,023 | €378,833 | +€66,810 | +21.4% |
| Trade debts | 44 | €5,820 | €25,688 | +€19,869 | +341% |
| Suppliers | 440/4 | €5,820 | €25,688 | +€19,869 | +341% |
| Other amounts payable | 47/48 | €204,470 | €208,559 | +€4,089 | +2.0% |
| Other operating charges | 640/8 | €774 | €693 | -€82 | -10.5% |
| Gross operating margin | 9900 | -€1,362 | -€1,832 | -€470 | -34.5% |
| Operating profit (loss) | 9901 | -€2,136 | -€2,524 | -€388 | -18.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €347 | €965 | +€618 | +178% |
| Recurring financial charges | 65 | €347 | €965 | +€618 | +178% |
| Profit (loss) for the period before taxes | 9903 | -€2,483 | -€3,489 | -€1,006 | -40.5% |
| Profit (loss) for the period | 9904 | -€2,483 | -€3,489 | -€1,006 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,483 | -€3,489 | -€1,006 | -40.5% |
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 30 October 2026 via checked.be.