VANWYNSBERGHE: 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.
VANWYNSBERGHE
Largest movements
- Stocks and contracts -€6,973
down €6,973 (-10.0%), from €69,490 to €62,517
- Cash -€2,220
down €2,220 (-15.1%), from €14,686 to €12,466
mainly Net result for the year (-€20,695) and Trade debts (-€2,213)
- Reserves -€20,695
down €20,695 (-43.0%), from €48,090 to €27,395
- Other debts +€12,424
up €12,424 (+63.2%), from €19,660 to €32,084
- Trade debts -€2,213
down €2,213 (-40.7%), from €5,445 to €3,231
- Gross operating margin -€14,495
down €14,495 (-337%), from -€4,295 to -€18,790
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 | €93,092 | €83,416 | -€9,676 | -10.4% |
| Fixed assets | 21/28 | €3,706 | €3,119 | -€587 | -15.8% |
| Tangible fixed assets | 22/27 | €1,306 | €719 | -€587 | -45.0% |
| Furniture and vehicles | 24 | €1,306 | €719 | -€587 | -45.0% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €89,386 | €80,297 | -€9,089 | -10.2% |
| Stocks and contracts in progress | 3 | €69,490 | €62,517 | -€6,973 | -10.0% |
| Stocks | 30/36 | €69,490 | €62,517 | -€6,973 | -10.0% |
| Amounts receivable within one year | 40/41 | €1,303 | €2,193 | +€890 | +68.3% |
| Trade receivables | 40 | €1,303 | €2,193 | +€890 | +68.3% |
| Cash at bank and in hand | 54/58 | €14,686 | €12,466 | -€2,220 | -15.1% |
| Deferred charges and accrued income | 490/1 | €3,907 | €3,121 | -€786 | -20.1% |
| Total equity and liabilities | 10/49 | €93,092 | €83,416 | -€9,676 | -10.4% |
| Equity | 10/15 | €66,682 | €45,987 | -€20,695 | -31.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,090 | €27,395 | -€20,695 | -43.0% |
| Distributable reserves | 133 | €48,090 | €27,395 | -€20,695 | -43.0% |
| Amounts payable | 17/49 | €26,410 | €37,429 | +€11,019 | +41.7% |
| Amounts payable within one year | 42/48 | €26,410 | €37,429 | +€11,019 | +41.7% |
| Trade debts | 44 | €5,445 | €3,231 | -€2,213 | -40.7% |
| Suppliers | 440/4 | €5,445 | €3,231 | -€2,213 | -40.7% |
| Taxes, remuneration and social security | 45 | €1,306 | €2,113 | +€808 | +61.9% |
| Taxes | 450/3 | €1,306 | €2,113 | +€808 | +61.9% |
| Other amounts payable | 47/48 | €19,660 | €32,084 | +€12,424 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587 | €587 | = | 0.0% |
| Other operating charges | 640/8 | €827 | €849 | +€22 | +2.7% |
| Gross operating margin | 9900 | -€4,295 | -€18,790 | -€14,495 | -337% |
| Operating profit (loss) | 9901 | -€5,709 | -€20,226 | -€14,517 | -254% |
| Financial income | 75/76B | €168 | €66 | -€102 | -60.8% |
| Recurring financial income | 75 | €168 | €66 | -€102 | -60.8% |
| Financial charges | 65/66B | €606 | €534 | -€72 | -11.8% |
| Recurring financial charges | 65 | €606 | €534 | -€72 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,147 | -€20,695 | -€14,548 | -237% |
| Profit (loss) for the period | 9904 | -€6,147 | -€20,695 | -€14,548 | -237% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,147 | -€20,695 | -€14,548 | -237% |
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 19 October 2026 via checked.be.