VANWALLEGHEM: 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.
VANWALLEGHEM
Largest movements
- Deferred charges and accrued income +€346,634
new in 2025: €346,634
- Receivables within one year -€131,586
down €131,586 (-76.1%), from €172,860 to €41,274
of which Trade receivables: -€121,253
- Cash +€79,560
up €79,560 (+44.1%), from €180,577 to €260,137
mainly Accrued charges and deferred income (+€198,413) and Receivables within one year (+€131,586)
- Tangible fixed assets -€17,644
down €17,644 (-26.4%), from €66,900 to €49,256
of which Furniture and vehicles: -€14,953
- Accrued charges and deferred income +€198,413
up €198,413 (+227.4%), from €87,236 to €285,649
- Profit (loss) carried forward +€77,815
up €77,815, from -€61,524 to €16,291
- Tax, wage and social debts -€30,074
down €30,074 (-72.5%), from €41,486 to €11,412
of which Remuneration and social security: -€28,400
- Advances received +€27,082
up €27,082 (+628.9%), from €4,306 to €31,388
- Gross operating margin +€56,606
up €56,606 (+54.4%), from €103,974 to €160,580
- Staff costs +€11,967
up €11,967 (+27.8%), from €43,062 to €55,029
- Depreciation +€10,772
up €10,772 (+156.7%), from €6,872 to €17,644
- Taxes +€5,447
up €5,447 (+1517.3%), from €359 to €5,806
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.
Cash bridge derived
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 | €420,337 | €697,300 | +€276,963 | +65.9% |
| Fixed assets | 21/28 | €66,900 | €49,256 | -€17,644 | -26.4% |
| Tangible fixed assets | 22/27 | €66,900 | €49,256 | -€17,644 | -26.4% |
| Land and buildings | 22 | €2,691 | €0 | -€2,691 | -100.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €64,209 | €49,256 | -€14,953 | -23.3% |
| Current assets | 29/58 | €353,437 | €648,045 | +€294,608 | +83.4% |
| Amounts receivable within one year | 40/41 | €172,860 | €41,274 | -€131,586 | -76.1% |
| Trade receivables | 40 | €160,248 | €38,995 | -€121,253 | -75.7% |
| Other amounts receivable | 41 | €12,612 | €2,279 | -€10,333 | -81.9% |
| Cash at bank and in hand | 54/58 | €180,577 | €260,137 | +€79,560 | +44.1% |
| Deferred charges and accrued income | 490/1 | - | €346,634 | +€346,634 | |
| Total equity and liabilities | 10/49 | €420,337 | €697,300 | +€276,963 | +65.9% |
| Equity | 10/15 | €262,251 | €340,065 | +€77,814 | +29.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | €35,000 | - | -€35,000 | |
| Issued capital | 100 | €35,000 | - | -€35,000 | |
| Reserves | 13 | €288,775 | €288,775 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €5,171 | €0 | -€5,171 | -100.0% |
| Legal reserve | 130 | €5,171 | - | -€5,171 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €283,604 | €288,775 | +€5,171 | +1.8% |
| Profit (loss) carried forward | 14 | -€61,524 | €16,291 | +€77,815 | |
| Amounts payable | 17/49 | €158,086 | €357,235 | +€199,149 | +126.0% |
| Amounts payable within one year | 42/48 | €70,850 | €71,586 | +€736 | +1.0% |
| Trade debts | 44 | €2,427 | - | -€2,427 | |
| Suppliers | 440/4 | €2,427 | - | -€2,427 | |
| Advances received on contracts in progress | 46 | €4,306 | €31,388 | +€27,082 | +628.9% |
| Taxes, remuneration and social security | 45 | €41,486 | €11,412 | -€30,074 | -72.5% |
| Taxes | 450/3 | €9,681 | €8,007 | -€1,674 | -17.3% |
| Remuneration and social security | 454/9 | €31,805 | €3,405 | -€28,400 | -89.3% |
| Other amounts payable | 47/48 | €22,631 | €28,786 | +€6,155 | +27.2% |
| Accrued charges and deferred income | 492/3 | €87,236 | €285,649 | +€198,413 | +227.4% |
| Non-recurring operating income | 76A | - | €3,081 | +€3,081 | |
| Remuneration, social security and pensions | 62 | €43,062 | €55,029 | +€11,967 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,872 | €17,644 | +€10,772 | +156.7% |
| Other operating charges | 640/8 | €1,610 | €2,023 | +€413 | +25.6% |
| Gross operating margin | 9900 | €103,974 | €160,580 | +€56,606 | +54.4% |
| Operating profit (loss) | 9901 | €52,430 | €85,884 | +€33,454 | +63.8% |
| Financial income | 75/76B | €1,197 | €1,737 | +€540 | +45.2% |
| Recurring financial income | 75 | €1,197 | €1,737 | +€540 | +45.2% |
| Financial charges | 65/66B | €3,747 | €4,001 | +€254 | +6.8% |
| Recurring financial charges | 65 | €3,747 | €4,001 | +€254 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €49,880 | €83,621 | +€33,741 | +67.6% |
| Income taxes | 67/77 | €359 | €5,806 | +€5,447 | +1517.3% |
| Profit (loss) for the period | 9904 | €49,521 | €77,815 | +€28,294 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,521 | €77,815 | +€28,294 | +57.1% |
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 10 October 2026 via checked.be.