Vanwelden Projects: 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.
Vanwelden Projects
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€13,596
up €13,596 (+19.3%), from €70,483 to €84,079
- Trade debts -€12,303
no longer reported in 2025 (was €12,303)
- Short-term financial debts -€2,029
no longer reported in 2025 (was €2,029)
- Depreciation +€6,286
up €6,286 (+133.9%), from €4,693 to €10,979
- Gross operating margin -€782
down €782 (-4.8%), from €16,380 to €15,598
- Other operating charges +€524
up €524 (+58.6%), from €895 to €1,420
- Taxes -€336
down €336 (-13.0%), from €2,584 to €2,248
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 | €103,040 | €103,870 | +€831 | +0.8% |
| Fixed assets | 21/28 | €75,184 | €75,967 | +€784 | +1.0% |
| Tangible fixed assets | 22/27 | €75,184 | €75,967 | +€784 | +1.0% |
| Furniture and vehicles | 24 | €24,106 | €24,778 | +€672 | +2.8% |
| Other tangible fixed assets | 26 | €51,077 | €51,190 | +€112 | +0.2% |
| Current assets | 29/58 | €27,856 | €27,903 | +€47 | +0.2% |
| Amounts receivable within one year | 40/41 | €26,763 | €26,410 | -€353 | -1.3% |
| Trade receivables | 40 | €26,627 | €25,989 | -€638 | -2.4% |
| Other amounts receivable | 41 | €137 | €421 | +€285 | +207.9% |
| Cash at bank and in hand | 54/58 | - | €368 | +€368 | |
| Deferred charges and accrued income | 490/1 | €1,093 | €1,124 | +€32 | +2.9% |
| Total equity and liabilities | 10/49 | €103,040 | €103,870 | +€831 | +0.8% |
| Equity | 10/15 | €13,249 | €13,807 | +€558 | +4.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €749 | €1,307 | +€558 | +74.6% |
| Amounts payable | 17/49 | €89,791 | €90,063 | +€272 | +0.3% |
| Amounts payable within one year | 42/48 | €89,791 | €90,063 | +€272 | +0.3% |
| Financial debts | 43 | €2,029 | - | -€2,029 | |
| Credit institutions | 430/8 | €2,029 | - | -€2,029 | |
| Trade debts | 44 | €12,303 | - | -€12,303 | |
| Suppliers | 440/4 | €12,303 | - | -€12,303 | |
| Taxes, remuneration and social security | 45 | €4,975 | €5,984 | +€1,009 | +20.3% |
| Taxes | 450/3 | €4,975 | €5,984 | +€1,009 | +20.3% |
| Other amounts payable | 47/48 | €70,483 | €84,079 | +€13,596 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,693 | €10,979 | +€6,286 | +133.9% |
| Other operating charges | 640/8 | €895 | €1,420 | +€524 | +58.6% |
| Gross operating margin | 9900 | €16,380 | €15,598 | -€782 | -4.8% |
| Operating profit (loss) | 9901 | €10,792 | €3,200 | -€7,592 | -70.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €277 | €393 | +€117 | +42.1% |
| Recurring financial charges | 65 | €277 | €393 | +€117 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €10,518 | €2,806 | -€7,712 | -73.3% |
| Income taxes | 67/77 | €2,584 | €2,248 | -€336 | -13.0% |
| Profit (loss) for the period | 9904 | €7,934 | €558 | -€7,376 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,934 | €558 | -€7,376 | -93.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.