Walter Van Dyck: 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.
Walter Van Dyck
Largest movements
- Current investments +€80,080
up €80,080 (+59.0%), from €135,791 to €215,871
- Cash -€16,526
down €16,526 (-13.7%), from €120,836 to €104,310
mainly Current investments (-€80,080) and Tax, wage and social debts (-€8,698)
- Reserves +€71,406
up €71,406 (+29.8%), from €239,949 to €311,355
- Tax, wage and social debts -€8,698
down €8,698 (-62.4%), from €13,934 to €5,236
- Financial income +€1,862
up €1,862 (+83.7%), from €2,225 to €4,087
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 | €278,648 | €341,069 | +€62,421 | +22.4% |
| Fixed assets | 21/28 | €6,979 | €7,017 | +€38 | +0.5% |
| Tangible fixed assets | 22/27 | €5,579 | €5,617 | +€38 | +0.7% |
| Plant, machinery and equipment | 23 | - | €2,056 | +€2,056 | |
| Furniture and vehicles | 24 | €675 | €1,446 | +€771 | +114% |
| Other tangible fixed assets | 26 | €4,904 | €2,115 | -€2,789 | -56.9% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €271,670 | €334,052 | +€62,383 | +23.0% |
| Amounts receivable within one year | 40/41 | €13,495 | €11,365 | -€2,130 | -15.8% |
| Trade receivables | 40 | €8,927 | €8,826 | -€102 | -1.1% |
| Other amounts receivable | 41 | €4,567 | €2,539 | -€2,028 | -44.4% |
| Current investments | 50/53 | €135,791 | €215,871 | +€80,080 | +59.0% |
| Cash at bank and in hand | 54/58 | €120,836 | €104,310 | -€16,526 | -13.7% |
| Deferred charges and accrued income | 490/1 | €1,548 | €2,506 | +€958 | +61.9% |
| Total equity and liabilities | 10/49 | €278,648 | €341,069 | +€62,421 | +22.4% |
| Equity | 10/15 | €258,549 | €329,955 | +€71,406 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,949 | €311,355 | +€71,406 | +29.8% |
| Distributable reserves | 133 | €239,949 | €311,355 | +€71,406 | +29.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,100 | €11,114 | -€8,986 | -44.7% |
| Amounts payable within one year | 42/48 | €20,100 | €11,114 | -€8,986 | -44.7% |
| Trade debts | 44 | €1,918 | €3,248 | +€1,330 | +69.3% |
| Suppliers | 440/4 | €1,918 | €3,248 | +€1,330 | +69.3% |
| Taxes, remuneration and social security | 45 | €13,934 | €5,236 | -€8,698 | -62.4% |
| Taxes | 450/3 | €13,934 | €5,236 | -€8,698 | -62.4% |
| Other amounts payable | 47/48 | €4,248 | €2,630 | -€1,618 | -38.1% |
| Non-recurring operating income | 76A | - | €8,135 | +€8,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,260 | €4,146 | +€886 | +27.2% |
| Other operating charges | 640/8 | €929 | €400 | -€530 | -57.0% |
| Gross operating margin | 9900 | €106,092 | €107,039 | +€947 | +0.9% |
| Operating profit (loss) | 9901 | €101,903 | €102,493 | +€590 | +0.6% |
| Financial income | 75/76B | €2,225 | €4,087 | +€1,862 | +83.7% |
| Recurring financial income | 75 | €2,225 | €4,087 | +€1,862 | +83.7% |
| Financial charges | 65/66B | €876 | €213 | -€663 | -75.7% |
| Recurring financial charges | 65 | €876 | €213 | -€663 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €103,253 | €106,367 | +€3,115 | +3.0% |
| Income taxes | 67/77 | €29,898 | €28,857 | -€1,042 | -3.5% |
| Profit (loss) for the period | 9904 | €73,354 | €77,511 | +€4,156 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,354 | €77,511 | +€4,156 | +5.7% |
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 25 October 2026 via checked.be.