VANWELDE: what changed
Two fiscal 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.
VANWELDE
Largest movements
- Financial fixed assets +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Tangible fixed assets -€14,850
down €14,850 (-72.2%), from €20,573 to €5,724
- Receivables within one year +€8,912
up €8,912 (+48.1%), from €18,547 to €27,458
of which Other amounts receivable: +€6,937
- Cash +€7,331
up €7,331 (+45.6%), from €16,069 to €23,400
mainly Debts after one year (+€13,471) and Net result for the year (+€10,076)
- Deferred charges and accrued income +€2,247
up €2,247 (+600.8%), from €374 to €2,622
- Debts after one year +€13,471
up €13,471 (+32.9%), from €40,967 to €54,438
- Profit (loss) carried forward +€10,076
up €10,076 (+59.7%), from €16,892 to €26,968
- Accrued charges and deferred income +€7,983
up €7,983 (+282.4%), from €2,826 to €10,809
- Tax, wage and social debts +€4,982
up €4,982 (+75.5%), from €6,597 to €11,579
of which Taxes: +€4,982
- Current portion of long-term debt -€4,087
down €4,087 (-25.3%), from €16,187 to €12,100
- Depreciation -€8,981
down €8,981 (-87.2%), from €10,301 to €1,320
- Gross operating margin +€3,348
up €3,348 (+16.9%), from €19,817 to €23,165
- Taxes +€2,729
up €2,729 (+126.0%), from €2,165 to €4,894
- Financial charges +€1,318
up €1,318 (+48.2%), from €2,737 to €4,055
- Financial income -€350
no longer reported in 2025 (was €350)
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 | €130,563 | €159,203 | +€28,640 | +21.9% |
| Fixed assets | 21/28 | €95,573 | €105,724 | +€10,150 | +10.6% |
| Tangible fixed assets | 22/27 | €20,573 | €5,724 | -€14,850 | -72.2% |
| Furniture and vehicles | 24 | €20,573 | €5,724 | -€14,850 | -72.2% |
| Financial fixed assets | 28 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Current assets | 29/58 | €34,990 | €53,480 | +€18,490 | +52.8% |
| Amounts receivable within one year | 40/41 | €18,547 | €27,458 | +€8,912 | +48.1% |
| Trade receivables | 40 | €11,689 | €13,664 | +€1,975 | +16.9% |
| Other amounts receivable | 41 | €6,857 | €13,794 | +€6,937 | +101.2% |
| Cash at bank and in hand | 54/58 | €16,069 | €23,400 | +€7,331 | +45.6% |
| Deferred charges and accrued income | 490/1 | €374 | €2,622 | +€2,247 | +600.8% |
| Total equity and liabilities | 10/49 | €130,563 | €159,203 | +€28,640 | +21.9% |
| Equity | 10/15 | €55,963 | €66,039 | +€10,076 | +18.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,071 | €37,071 | = | 0.0% |
| Distributable reserves | 133 | €37,071 | €37,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,892 | €26,968 | +€10,076 | +59.7% |
| Amounts payable | 17/49 | €74,601 | €93,164 | +€18,564 | +24.9% |
| Amounts payable after more than one year | 17 | €40,967 | €54,438 | +€13,471 | +32.9% |
| Financial debts | 170/4 | €40,967 | €54,438 | +€13,471 | +32.9% |
| Amounts payable within one year | 42/48 | €30,807 | €27,917 | -€2,890 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €16,187 | €12,100 | -€4,087 | -25.3% |
| Trade debts | 44 | €8,023 | €4,238 | -€3,785 | -47.2% |
| Suppliers | 440/4 | €8,023 | €4,238 | -€3,785 | -47.2% |
| Taxes, remuneration and social security | 45 | €6,597 | €11,579 | +€4,982 | +75.5% |
| Taxes | 450/3 | €4,197 | €9,179 | +€4,982 | +118.7% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,826 | €10,809 | +€7,983 | +282.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,301 | €1,320 | -€8,981 | -87.2% |
| Other operating charges | 640/8 | €1,482 | €1,248 | -€235 | -15.8% |
| Non-recurring operating charges | 66A | - | €1,573 | +€1,573 | |
| Gross operating margin | 9900 | €19,817 | €23,165 | +€3,348 | +16.9% |
| Operating profit (loss) | 9901 | €8,034 | €19,025 | +€10,990 | +136.8% |
| Financial income | 75/76B | €350 | - | -€350 | |
| Recurring financial income | 75 | €350 | - | -€350 | |
| Financial charges | 65/66B | €2,737 | €4,055 | +€1,318 | +48.2% |
| Recurring financial charges | 65 | €2,737 | €4,055 | +€1,318 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €5,647 | €14,970 | +€9,323 | +165.1% |
| Income taxes | 67/77 | €2,165 | €4,894 | +€2,729 | +126.0% |
| Profit (loss) for the period | 9904 | €3,482 | €10,076 | +€6,594 | +189.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,482 | €10,076 | +€6,594 | +189.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.