VAN WELLEN STORAGE: 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.
What changed
VAN WELLEN STORAGE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €4.6m-€3.5m
Equity
€2.1m
2024 · €9.1m-€7.0m
Cash
€547,663
2024 · €754,292-€206,629
Balance sheet total
€28.0m
2024 · €32.4m-€4.4m
Largest movements
Assets
- Receivables within one year -€5.1m
down €5.1m (-89.3%), from €5.7m to €606,105
of which Other amounts receivable: -€5.3m
- Tangible fixed assets +€859,555
up €859,555 (+10.5%), from €8.2m to €9.1m
of which Other tangible fixed assets: +€865,767
Equity and liabilities
- Reserves -€7.0m
down €7.0m (-88.3%), from €7.9m to €919,837
of which Distributable reserves: -€6.9m
- Other debts +€2.7m
new in 2025: €2.7m
- Debts after one year -€480,123
down €480,123 (-2.2%), from €21.4m to €20.9m
Income statement
- Financial income -€3.7m
down €3.7m (-95.9%), from €3.9m to €159,316
of which Non-recurring financial income: -€3.7m
- Turnover +€514,365
up €514,365 (+16.9%), from €3.0m to €3.6m
- Services and other goods +€153,458
up €153,458 (+8.2%), from €1.9m to €2.0m
- Other operating income -€72,711
down €72,711 (-5.6%), from €1.3m to €1.2m
- Taxes +€72,054
up €72,054 (+23.3%), from €308,946 to €381,000
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.
Result 2024
€4.6m
Turnover
+€514,365
Other operating income
-€72,711
Services and other goods
-€153,458
Depreciation
-€54,487
Other operating charges
+€5,454
Financial income
-€3.7m
Financial charges
+€33,709
Taxes
-€72,054
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
+€9.9m
Investment
-€1.7m
Financing
-€8.4m
Cash 2024
€754,292
From operations (derived)
+€9.9m
Net result for the year
+€1.1m
Depreciation
+€854,525
Receivables within one year
+€5.1m
Smaller working-capital items
+€2,461
Trade debts
+€132,658
Other debts
+€2.7m
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€8.4m
Debts after one year
-€480,123
Current portion of long-term debt
+€67,294
Short-term financial debts
+€88,396
Contributions, distributions and other
-€8.1m
Cash 2025
€547,663
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,363,795 | €27,963,473 | -€4.4m | -13.6% |
| Fixed assets | 21/28 | €25,789,731 | €26,649,286 | +€859,555 | +3.3% |
| Tangible fixed assets | 22/27 | €8,207,473 | €9,067,028 | +€859,555 | +10.5% |
| Furniture and vehicles | 24 | €6,213 | €1 | -€6,212 | -100.0% |
| Other tangible fixed assets | 26 | €8,201,260 | €9,067,028 | +€865,767 | +10.6% |
| Financial fixed assets | 28 | €17,582,258 | €17,582,258 | = | 0.0% |
| Affiliated companies | 280/1 | €17,582,258 | €17,582,258 | = | 0.0% |
| Participating interests | 280 | €17,582,258 | €17,582,258 | = | 0.0% |
| Current assets | 29/58 | €6,574,064 | €1,314,187 | -€5.3m | -80.0% |
| Amounts receivable within one year | 40/41 | €5,662,237 | €606,105 | -€5.1m | -89.3% |
| Trade receivables | 40 | €383,309 | €587,105 | +€203,796 | +53.2% |
| Other amounts receivable | 41 | €5,278,928 | €19,000 | -€5.3m | -99.6% |
| Cash at bank and in hand | 54/58 | €754,292 | €547,663 | -€206,629 | -27.4% |
| Deferred charges and accrued income | 490/1 | €157,535 | €160,419 | +€2,884 | +1.8% |
| Total equity and liabilities | 10/49 | €32,363,795 | €27,963,473 | -€4.4m | -13.6% |
| Equity | 10/15 | €9,068,794 | €2,110,675 | -€7.0m | -76.7% |
| Contributions | 10/11 | €1,190,838 | €1,190,838 | = | 0.0% |
| Capital | 10 | €1,190,576 | €1,190,576 | = | 0.0% |
| Issued capital | 100 | €1,190,576 | €1,190,576 | = | 0.0% |
| Contributions outside capital | 11 | €262 | €262 | = | 0.0% |
| Share premium | 1100/10 | €262 | €262 | = | 0.0% |
| Reserves | 13 | €7,877,955 | €919,837 | -€7.0m | -88.3% |
| Non-distributable reserves | 130/1 | €119,058 | €119,058 | = | 0.0% |
| Legal reserve | 130 | €119,058 | €119,058 | = | 0.0% |
| Tax-exempt reserves | 132 | €505,200 | €484,826 | -€20,374 | -4.0% |
| Distributable reserves | 133 | €7,253,698 | €315,953 | -€6.9m | -95.6% |
| Amounts payable | 17/49 | €23,295,001 | €25,852,798 | +€2.6m | +11.0% |
| Amounts payable after more than one year | 17 | €21,396,974 | €20,916,851 | -€480,123 | -2.2% |
| Financial debts | 170/4 | €21,396,974 | €20,916,851 | -€480,123 | -2.2% |
| Credit institutions | 173 | €21,396,974 | €20,916,851 | -€480,123 | -2.2% |
| Amounts payable within one year | 42/48 | €1,711,348 | €4,745,040 | +€3.0m | +177% |
| Current portion of amounts payable after more than one year | 42 | €1,482,978 | €1,550,271 | +€67,294 | +4.5% |
| Financial debts | 43 | - | €88,396 | +€88,396 | |
| Credit institutions | 430/8 | - | €88,396 | +€88,396 | |
| Trade debts | 44 | €129,922 | €262,580 | +€132,658 | +102% |
| Suppliers | 440/4 | €129,922 | €262,580 | +€132,658 | +102% |
| Taxes, remuneration and social security | 45 | €98,449 | €99,566 | +€1,118 | +1.1% |
| Taxes | 450/3 | €98,449 | €99,566 | +€1,118 | +1.1% |
| Other amounts payable | 47/48 | - | €2,744,226 | +€2.7m | |
| Accrued charges and deferred income | 492/3 | €186,679 | €190,906 | +€4,227 | +2.3% |
| Operating income | 70/76A | €4,344,557 | €4,786,210 | +€441,653 | +10.2% |
| Turnover | 70 | €3,049,787 | €3,564,151 | +€514,365 | +16.9% |
| Other operating income | 74 | €1,294,770 | €1,222,059 | -€72,711 | -5.6% |
| Operating charges | 60/66A | €2,699,549 | €2,902,039 | +€202,490 | +7.5% |
| Services and other goods | 61 | €1,876,013 | €2,029,471 | +€153,458 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800,038 | €854,525 | +€54,487 | +6.8% |
| Other operating charges | 640/8 | €23,498 | €18,044 | -€5,454 | -23.2% |
| Operating profit (loss) | 9901 | €1,645,008 | €1,884,171 | +€239,163 | +14.5% |
| Financial income | 75/76B | €3,867,719 | €159,316 | -€3.7m | -95.9% |
| Recurring financial income | 75 | €208,442 | €159,316 | -€49,126 | -23.6% |
| Income from current assets | 751 | €208,390 | €153,102 | -€55,288 | -26.5% |
| Other financial income | 752/9 | €52 | €6,214 | +€6,162 | +11,759% |
| Non-recurring financial income | 76B | €3,659,277 | - | -€3.7m | |
| Financial charges | 65/66B | €554,315 | €520,605 | -€33,709 | -6.1% |
| Recurring financial charges | 65 | €554,315 | €520,605 | -€33,709 | -6.1% |
| Debt charges | 650 | €545,227 | €510,279 | -€34,948 | -6.4% |
| Other financial charges | 652/9 | €9,088 | €10,326 | +€1,239 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €4,958,412 | €1,522,881 | -€3.4m | -69.3% |
| Income taxes | 67/77 | €308,946 | €381,000 | +€72,054 | +23.3% |
| Taxes | 670/3 | €308,946 | €381,000 | +€72,054 | +23.3% |
| Profit (loss) for the period | 9904 | €4,649,466 | €1,141,881 | -€3.5m | -75.4% |
| Transfer from tax-exempt reserves | 789 | - | €20,374 | +€20,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,649,466 | €1,162,256 | -€3.5m | -75.0% |
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 17 October 2026 via checked.be.