Vanwynsberghe 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.
Vanwynsberghe Projects
Largest movements
- Receivables within one year -€23,880
down €23,880 (-41.5%), from €57,551 to €33,671
of which Trade receivables: -€29,660
- Tangible fixed assets +€4,127
up €4,127 (+14.2%), from €29,049 to €33,176
of which Furniture and vehicles: +€9,082
- Intangible fixed assets +€1,793
new in 2025: €1,793
- Trade debts -€39,083
down €39,083 (-63.7%), from €61,381 to €22,297
- Profit (loss) carried forward +€30,153
up €30,153, from -€30,153 to €0
- Current portion of long-term debt -€12,563
down €12,563 (-72.3%), from €17,371 to €4,808
- Other debts -€11,000
down €11,000 (-50.0%), from €22,000 to €11,000
- Debts after one year +€8,456
up €8,456 (+1,095%), from €773 to €9,229
- Gross operating margin -€17,756
down €17,756 (-21.5%), from €82,739 to €64,982
- Other operating charges -€13,661
down €13,661 (-77.3%), from €17,676 to €4,014
- Taxes +€9,500
new in 2025: €9,500
- Depreciation +€2,832
up €2,832 (+22.5%), from €12,611 to €15,443
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 | €100,165 | €82,339 | -€17,826 | -17.8% |
| Fixed assets | 21/28 | €32,949 | €38,869 | +€5,920 | +18.0% |
| Intangible fixed assets | 21 | - | €1,793 | +€1,793 | |
| Tangible fixed assets | 22/27 | €29,049 | €33,176 | +€4,127 | +14.2% |
| Plant, machinery and equipment | 23 | €23,813 | €18,859 | -€4,954 | -20.8% |
| Furniture and vehicles | 24 | €5,236 | €14,318 | +€9,082 | +173% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €67,217 | €43,470 | -€23,746 | -35.3% |
| Amounts receivable within one year | 40/41 | €57,551 | €33,671 | -€23,880 | -41.5% |
| Trade receivables | 40 | €46,917 | €17,257 | -€29,660 | -63.2% |
| Other amounts receivable | 41 | €10,634 | €16,414 | +€5,780 | +54.4% |
| Cash at bank and in hand | 54/58 | €6,714 | €6,865 | +€151 | +2.3% |
| Deferred charges and accrued income | 490/1 | €2,952 | €2,934 | -€18 | -0.6% |
| Total equity and liabilities | 10/49 | €100,165 | €82,339 | -€17,826 | -17.8% |
| Equity | 10/15 | -€17,611 | €14,116 | +€31,726 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,543 | €11,116 | +€1,573 | +16.5% |
| Distributable reserves | 133 | €9,543 | €11,116 | +€1,573 | +16.5% |
| Profit (loss) carried forward | 14 | -€30,153 | €0 | +€30,153 | |
| Amounts payable | 17/49 | €117,776 | €68,223 | -€49,553 | -42.1% |
| Amounts payable after more than one year | 17 | €773 | €9,229 | +€8,456 | +1,095% |
| Financial debts | 170/4 | €773 | €9,229 | +€8,456 | +1,095% |
| Amounts payable within one year | 42/48 | €117,003 | €58,994 | -€58,009 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €17,371 | €4,808 | -€12,563 | -72.3% |
| Financial debts | 43 | €350 | €36 | -€315 | -89.9% |
| Credit institutions | 430/8 | €350 | €36 | -€315 | -89.9% |
| Trade debts | 44 | €61,381 | €22,297 | -€39,083 | -63.7% |
| Suppliers | 440/4 | €61,381 | €22,297 | -€39,083 | -63.7% |
| Taxes, remuneration and social security | 45 | €15,902 | €20,853 | +€4,952 | +31.1% |
| Taxes | 450/3 | €15,902 | €20,853 | +€4,952 | +31.1% |
| Other amounts payable | 47/48 | €22,000 | €11,000 | -€11,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,350 | €14,513 | +€10,163 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,611 | €15,443 | +€2,832 | +22.5% |
| Other operating charges | 640/8 | €17,676 | €4,014 | -€13,661 | -77.3% |
| Non-recurring operating charges | 66A | - | €2,061 | +€2,061 | |
| Gross operating margin | 9900 | €82,739 | €64,982 | -€17,756 | -21.5% |
| Operating profit (loss) | 9901 | €52,452 | €43,464 | -€8,988 | -17.1% |
| Financial income | 75/76B | €405 | €1,044 | +€639 | +158% |
| Recurring financial income | 75 | €405 | €1,044 | +€639 | +158% |
| Financial charges | 65/66B | €3,287 | €3,282 | -€5 | -0.2% |
| Recurring financial charges | 65 | €3,287 | €3,282 | -€5 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €49,570 | €41,226 | -€8,344 | -16.8% |
| Income taxes | 67/77 | - | €9,500 | +€9,500 | |
| Profit (loss) for the period | 9904 | €49,570 | €31,726 | -€17,843 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,570 | €31,726 | -€17,843 | -36.0% |
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 18 October 2026 via checked.be.