VAN WYNENDAELE ERWIN: 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 WYNENDAELE ERWIN
Largest movements
- Current investments +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Tangible fixed assets +€73,835
up €73,835 (+92.9%), from €79,503 to €153,337
of which Furniture and vehicles: +€79,960
- Cash -€45,553
down €45,553 (-12.2%), from €374,032 to €328,479
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€92,617)
- Receivables within one year -€14,381
down €14,381 (-18.7%), from €76,855 to €62,473
of which Trade receivables: -€25,941
- Debts after one year +€84,577
new in 2025: €84,577
- Current portion of long-term debt +€24,993
new in 2025: €24,993
- Reserves +€21,815
up €21,815 (+4.9%), from €447,451 to €469,266
- Other debts -€9,534
down €9,534 (-5.7%), from €166,077 to €156,543
- Tax, wage and social debts -€7,908
down €7,908 (-78.1%), from €10,131 to €2,222
of which Taxes: -€4,308
- Financial income +€7,239
up €7,239 (+243%), from €2,977 to €10,216
- Gross operating margin +€6,382
up €6,382 (+5.2%), from €121,751 to €128,134
- Financial charges +€3,028
up €3,028 (+291%), from €1,041 to €4,069
- Depreciation +€2,874
up €2,874 (+18.1%), from €15,908 to €18,782
- Taxes -€2,819
down €2,819 (-9.7%), from €29,202 to €26,383
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 | €657,867 | €770,080 | +€112,213 | +17.1% |
| Fixed assets | 21/28 | €79,503 | €153,337 | +€73,835 | +92.9% |
| Tangible fixed assets | 22/27 | €79,503 | €153,337 | +€73,835 | +92.9% |
| Land and buildings | 22 | €37,828 | €33,208 | -€4,619 | -12.2% |
| Plant, machinery and equipment | 23 | €3,115 | €1,609 | -€1,506 | -48.3% |
| Furniture and vehicles | 24 | €38,560 | €118,520 | +€79,960 | +207% |
| Current assets | 29/58 | €578,365 | €616,743 | +€38,378 | +6.6% |
| Stocks and contracts in progress | 3 | €22,987 | €22,170 | -€817 | -3.6% |
| Stocks | 30/36 | €22,987 | €22,170 | -€817 | -3.6% |
| Amounts receivable within one year | 40/41 | €76,855 | €62,473 | -€14,381 | -18.7% |
| Trade receivables | 40 | €70,776 | €44,835 | -€25,941 | -36.7% |
| Other amounts receivable | 41 | €6,079 | €17,638 | +€11,559 | +190% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100% |
| Cash at bank and in hand | 54/58 | €374,032 | €328,479 | -€45,553 | -12.2% |
| Deferred charges and accrued income | 490/1 | €4,491 | €3,621 | -€870 | -19.4% |
| Total equity and liabilities | 10/49 | €657,867 | €770,080 | +€112,213 | +17.1% |
| Equity | 10/15 | €466,051 | €487,866 | +€21,815 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €447,451 | €469,266 | +€21,815 | +4.9% |
| Distributable reserves | 133 | €447,451 | €469,266 | +€21,815 | +4.9% |
| Amounts payable | 17/49 | €191,817 | €282,214 | +€90,398 | +47.1% |
| Amounts payable after more than one year | 17 | - | €84,577 | +€84,577 | |
| Financial debts | 170/4 | - | €84,577 | +€84,577 | |
| Amounts payable within one year | 42/48 | €191,817 | €197,637 | +€5,821 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | - | €24,993 | +€24,993 | |
| Trade debts | 44 | €15,609 | €13,879 | -€1,730 | -11.1% |
| Suppliers | 440/4 | €15,609 | €13,879 | -€1,730 | -11.1% |
| Taxes, remuneration and social security | 45 | €10,131 | €2,222 | -€7,908 | -78.1% |
| Taxes | 450/3 | €6,531 | €2,222 | -€4,308 | -66.0% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €166,077 | €156,543 | -€9,534 | -5.7% |
| Non-recurring operating income | 76A | €10,644 | - | -€10,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,908 | €18,782 | +€2,874 | +18.1% |
| Other operating charges | 640/8 | €2,977 | €2,317 | -€661 | -22.2% |
| Non-recurring operating charges | 66A | - | €24,683 | +€24,683 | |
| Gross operating margin | 9900 | €121,751 | €128,134 | +€6,382 | +5.2% |
| Operating profit (loss) | 9901 | €102,866 | €82,352 | -€20,514 | -19.9% |
| Financial income | 75/76B | €2,977 | €10,216 | +€7,239 | +243% |
| Recurring financial income | 75 | €2,977 | €10,216 | +€7,239 | +243% |
| Financial charges | 65/66B | €1,041 | €4,069 | +€3,028 | +291% |
| Recurring financial charges | 65 | €1,041 | €4,069 | +€3,028 | +291% |
| Profit (loss) for the period before taxes | 9903 | €104,801 | €88,498 | -€16,303 | -15.6% |
| Income taxes | 67/77 | €29,202 | €26,383 | -€2,819 | -9.7% |
| Profit (loss) for the period | 9904 | €75,599 | €62,116 | -€13,484 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,599 | €62,116 | -€13,484 | -17.8% |
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.