Van Wiele David: 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 Wiele David
Largest movements
- Tangible fixed assets -€33,731
down €33,731 (-19.8%), from €170,412 to €136,682
of which Plant, machinery and equipment: -€17,300
- Receivables within one year -€17,016
down €17,016 (-80.0%), from €21,258 to €4,242
of which Trade receivables: -€13,411
- Cash +€2,150
up €2,150 (+33.5%), from €6,418 to €8,568
mainly Depreciation (+€39,156) and Receivables within one year (+€17,016)
- Profit (loss) carried forward -€25,808
new in 2025: -€25,808
- Debts after one year -€21,347
down €21,347 (-33.4%), from €63,961 to €42,614
- Other debts +€8,405
new in 2025: €8,405
- Short-term financial debts -€6,400
down €6,400 (-12.8%), from €50,000 to €43,600
- Tax, wage and social debts -€5,396
down €5,396 (-90.7%), from €5,948 to €552
of which Taxes: -€4,396
- Gross operating margin -€25,973
down €25,973 (-57.3%), from €45,345 to €19,372
- Depreciation +€4,985
up €4,985 (+14.6%), from €34,171 to €39,156
- Staff costs -€566
down €566 (-52.3%), from €1,083 to €517
- Taxes -€457
down €457 (-68.9%), from €663 to €206
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 | €200,046 | €151,196 | -€48,850 | -24.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €170,587 | €136,857 | -€33,731 | -19.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €170,412 | €136,682 | -€33,731 | -19.8% |
| Plant, machinery and equipment | 23 | €84,796 | €67,496 | -€17,300 | -20.4% |
| Furniture and vehicles | 24 | €83,522 | €67,470 | -€16,052 | -19.2% |
| Other tangible fixed assets | 26 | €2,094 | €1,715 | -€379 | -18.1% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €29,459 | €14,340 | -€15,119 | -51.3% |
| Stocks and contracts in progress | 3 | €1,416 | €556 | -€860 | -60.7% |
| Stocks | 30/36 | €1,416 | €556 | -€860 | -60.7% |
| Amounts receivable within one year | 40/41 | €21,258 | €4,242 | -€17,016 | -80.0% |
| Trade receivables | 40 | €15,985 | €2,574 | -€13,411 | -83.9% |
| Other amounts receivable | 41 | €5,273 | €1,668 | -€3,606 | -68.4% |
| Cash at bank and in hand | 54/58 | €6,418 | €8,568 | +€2,150 | +33.5% |
| Deferred charges and accrued income | 490/1 | €367 | €974 | +€607 | +165% |
| Total equity and liabilities | 10/49 | €200,046 | €151,196 | -€48,850 | -24.4% |
| Equity | 10/15 | €40,037 | €14,228 | -€25,808 | -64.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €34,037 | €34,037 | = | 0.0% |
| Distributable reserves | 133 | €34,037 | €34,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,808 | -€25,808 | |
| Amounts payable | 17/49 | €160,010 | €136,968 | -€23,042 | -14.4% |
| Amounts payable after more than one year | 17 | €63,961 | €42,614 | -€21,347 | -33.4% |
| Financial debts | 170/4 | €63,961 | €42,614 | -€21,347 | -33.4% |
| Amounts payable within one year | 42/48 | €94,404 | €94,301 | -€103 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €22,444 | €21,347 | -€1,097 | -4.9% |
| Financial debts | 43 | €50,000 | €43,600 | -€6,400 | -12.8% |
| Other loans | 439 | €50,000 | €43,600 | -€6,400 | -12.8% |
| Trade debts | 44 | €16,012 | €20,397 | +€4,384 | +27.4% |
| Suppliers | 440/4 | €16,012 | €20,397 | +€4,384 | +27.4% |
| Taxes, remuneration and social security | 45 | €5,948 | €552 | -€5,396 | -90.7% |
| Taxes | 450/3 | €4,948 | €552 | -€4,396 | -88.8% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €8,405 | +€8,405 | |
| Accrued charges and deferred income | 492/3 | €1,645 | €53 | -€1,591 | -96.8% |
| Non-recurring operating income | 76A | €9,207 | - | -€9,207 | |
| Remuneration, social security and pensions | 62 | €1,083 | €517 | -€566 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,171 | €39,156 | +€4,985 | +14.6% |
| Other operating charges | 640/8 | €2,076 | €1,679 | -€398 | -19.2% |
| Non-recurring operating charges | 66A | €1,069 | €480 | -€589 | -55.1% |
| Gross operating margin | 9900 | €45,345 | €19,372 | -€25,973 | -57.3% |
| Operating profit (loss) | 9901 | €6,946 | -€22,460 | -€29,405 | |
| Financial income | 75/76B | €135 | €12 | -€123 | -91.1% |
| Recurring financial income | 75 | €135 | €12 | -€123 | -91.1% |
| Financial charges | 65/66B | €3,114 | €3,155 | +€41 | +1.3% |
| Recurring financial charges | 65 | €3,114 | €3,155 | +€41 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €3,967 | -€25,602 | -€29,569 | |
| Income taxes | 67/77 | €663 | €206 | -€457 | -68.9% |
| Profit (loss) for the period | 9904 | €3,304 | -€25,808 | -€29,112 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,304 | -€25,808 | -€29,112 |
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 27 October 2026 via checked.be.