VANWELDEN MANAGEMENT: what changed
VANWELDEN MANAGEMENT
Largest movements
- Current investments +€357,284
up €357,284 (+24.6%), from €1.5m to €1.8m
- Cash -€59,784
down €59,784 (-54.3%), from €110,164 to €50,380
mainly Current investments (-€357,284) and Contributions, distributions and other (-€211,983)
- Receivables within one year -€49,520
down €49,520 (-76.4%), from €64,829 to €15,309
of which Trade receivables: -€54,450
- Reserves +€133,043
up €133,043 (+9.1%), from €1.5m to €1.6m
- Other debts +€94,973
up €94,973 (+70.3%), from €135,129 to €230,102
- Gross operating margin +€43,212
up €43,212 (+10.7%), from €403,155 to €446,366
- Depreciation -€17,029
down €17,029 (-90.4%), from €18,835 to €1,806
- Taxes +€16,192
up €16,192 (+12.3%), from €131,475 to €147,668
- Financial income +€9,975
up €9,975 (+22.2%), from €44,880 to €54,855
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,637,507 | €1,878,489 | +€240,983 | +14.7% |
| Fixed assets | 21/28 | €1,806 | - | -€1,806 | |
| Tangible fixed assets | 22/27 | €1,806 | - | -€1,806 | |
| Furniture and vehicles | 24 | €1,806 | - | -€1,806 | |
| Current assets | 29/58 | €1,635,701 | €1,878,489 | +€242,789 | +14.8% |
| Amounts receivable within one year | 40/41 | €64,829 | €15,309 | -€49,520 | -76.4% |
| Trade receivables | 40 | €54,450 | - | -€54,450 | |
| Other amounts receivable | 41 | €10,379 | €15,309 | +€4,930 | +47.5% |
| Current investments | 50/53 | €1,452,502 | €1,809,786 | +€357,284 | +24.6% |
| Cash at bank and in hand | 54/58 | €110,164 | €50,380 | -€59,784 | -54.3% |
| Deferred charges and accrued income | 490/1 | €8,206 | €3,014 | -€5,192 | -63.3% |
| Total equity and liabilities | 10/49 | €1,637,507 | €1,878,489 | +€240,983 | +14.7% |
| Equity | 10/15 | €1,469,784 | €1,602,827 | +€133,043 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,457,384 | €1,590,427 | +€133,043 | +9.1% |
| Distributable reserves | 133 | €1,457,384 | €1,590,427 | +€133,043 | +9.1% |
| Amounts payable | 17/49 | €167,723 | €275,662 | +€107,939 | +64.4% |
| Amounts payable within one year | 42/48 | €167,723 | €275,662 | +€107,939 | +64.4% |
| Trade debts | 44 | €1,359 | €226 | -€1,133 | -83.4% |
| Suppliers | 440/4 | €1,359 | €226 | -€1,133 | -83.4% |
| Taxes, remuneration and social security | 45 | €31,235 | €45,334 | +€14,100 | +45.1% |
| Taxes | 450/3 | €31,235 | €45,334 | +€14,100 | +45.1% |
| Other amounts payable | 47/48 | €135,129 | €230,102 | +€94,973 | +70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,835 | €1,806 | -€17,029 | -90.4% |
| Other operating charges | 640/8 | €4,568 | €4,747 | +€179 | +3.9% |
| Gross operating margin | 9900 | €403,155 | €446,366 | +€43,212 | +10.7% |
| Operating profit (loss) | 9901 | €379,752 | €439,814 | +€60,062 | +15.8% |
| Financial income | 75/76B | €44,880 | €54,855 | +€9,975 | +22.2% |
| Recurring financial income | 75 | €44,880 | €54,855 | +€9,975 | +22.2% |
| Financial charges | 65/66B | €1,715 | €1,975 | +€260 | +15.1% |
| Recurring financial charges | 65 | €1,715 | €1,975 | +€260 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €422,917 | €492,694 | +€69,777 | +16.5% |
| Income taxes | 67/77 | €131,475 | €147,668 | +€16,192 | +12.3% |
| Profit (loss) for the period | 9904 | €291,441 | €345,026 | +€53,585 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €291,441 | €345,026 | +€53,585 | +18.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.