WANDELDONCK: 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.
What changed
WANDELDONCK
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€49,099
2024 · -€11,940-€37,159
Equity
€904,483
2024 · €953,582-€49,099
Cash
€2,419
2024 · €13,816-€11,397
Balance sheet total
€2.2m
2024 · €2.2m-€1,150
Largest movements
Assets
- Deferred charges and accrued income +€38,613
new in 2025: €38,613
- Tangible fixed assets -€25,128
down €25,128 (-2.2%), from €1.1m to €1.1m
Equity and liabilities
- Other debts +€86,207
up €86,207 (+13.7%), from €627,371 to €713,578
- Reserves -€49,099
down €49,099 (-6.2%), from €795,578 to €746,479
of which Distributable reserves: -€41,040
- Debts after one year -€33,499
down €33,499 (-6.6%), from €511,125 to €477,626
Income statement
- Gross operating margin -€35,160
down €35,160, from €33,344 to -€1,816
- Other operating charges +€4,399
up €4,399 (+507%), from €867 to €5,267
- Financial charges -€1,784
down €1,784 (-7.8%), from €22,781 to €20,997
- Taxes -€654
down €654, from €0 to -€654
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.
Result 2024
-€11,940
Gross operating margin
-€35,160
Depreciation
-€38
Other operating charges
-€4,399
Financial income
+€0
Financial charges
+€1,784
Taxes
+€654
Result 2025
-€49,099
raises the resultlowers the result
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.
From operations
+€16,043
Investment
+€10,000
Financing
-€37,440
Cash 2024
€13,816
From operations (derived)
+€16,043
Net result for the year
-€49,099
Depreciation
+€25,128
Receivables within one year
-€6,762
Deferred charges and accrued income
-€38,613
Provisions
-€3,454
Trade debts
+€13,639
Tax, wage and social debts
-€11,003
Other debts
+€86,207
Investment (derived)
+€10,000
Investment in fixed assets (net)
+€10,000
Financing
-€37,440
Debts after one year
-€33,499
Current portion of long-term debt
-€3,941
Cash 2025
€2,419
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,249,052 | €2,247,902 | -€1,150 | -0.1% |
| Fixed assets | 21/28 | €1,142,301 | €1,107,173 | -€35,128 | -3.1% |
| Tangible fixed assets | 22/27 | €1,132,301 | €1,107,173 | -€25,128 | -2.2% |
| Land and buildings | 22 | €1,132,301 | €1,107,173 | -€25,128 | -2.2% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100% |
| Current assets | 29/58 | €1,106,751 | €1,140,729 | +€33,978 | +3.1% |
| Amounts receivable after more than one year | 29 | €442,930 | €442,930 | = | 0.0% |
| Other amounts receivable | 291 | €442,930 | €442,930 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €503,745 | €510,507 | +€6,762 | +1.3% |
| Trade receivables | 40 | - | €6,762 | +€6,762 | |
| Other amounts receivable | 41 | €503,745 | €503,745 | = | 0.0% |
| Current investments | 50/53 | €146,260 | €146,260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,816 | €2,419 | -€11,397 | -82.5% |
| Deferred charges and accrued income | 490/1 | - | €38,613 | +€38,613 | |
| Total equity and liabilities | 10/49 | €2,249,052 | €2,247,902 | -€1,150 | -0.1% |
| Equity | 10/15 | €953,582 | €904,483 | -€49,099 | -5.1% |
| Contributions | 10/11 | €158,004 | €158,004 | = | 0.0% |
| Capital | 10 | €158,004 | €158,004 | = | 0.0% |
| Issued capital | 100 | €158,004 | €158,004 | = | 0.0% |
| Reserves | 13 | €795,578 | €746,479 | -€49,099 | -6.2% |
| Non-distributable reserves | 130/1 | €19,541 | €19,541 | = | 0.0% |
| Legal reserve | 130 | €19,541 | €19,541 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,653 | €244,593 | -€8,059 | -3.2% |
| Distributable reserves | 133 | €523,384 | €482,344 | -€41,040 | -7.8% |
| Provisions and deferred taxes | 16 | €104,263 | €100,809 | -€3,454 | -3.3% |
| Deferred taxes | 168 | €104,263 | €100,809 | -€3,454 | -3.3% |
| Amounts payable | 17/49 | €1,191,207 | €1,242,611 | +€51,404 | +4.3% |
| Amounts payable after more than one year | 17 | €511,125 | €477,626 | -€33,499 | -6.6% |
| Financial debts | 170/4 | €511,125 | €477,626 | -€33,499 | -6.6% |
| Amounts payable within one year | 42/48 | €680,082 | €764,985 | +€84,903 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €37,440 | €33,499 | -€3,941 | -10.5% |
| Trade debts | 44 | €2,710 | €16,349 | +€13,639 | +503% |
| Suppliers | 440/4 | €2,710 | €16,349 | +€13,639 | +503% |
| Taxes, remuneration and social security | 45 | €12,562 | €1,559 | -€11,003 | -87.6% |
| Taxes | 450/3 | €12,562 | €1,559 | -€11,003 | -87.6% |
| Other amounts payable | 47/48 | €627,371 | €713,578 | +€86,207 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,090 | €25,128 | +€38 | +0.2% |
| Other operating charges | 640/8 | €867 | €5,267 | +€4,399 | +507% |
| Gross operating margin | 9900 | €33,344 | -€1,816 | -€35,160 | |
| Operating profit (loss) | 9901 | €7,387 | -€32,210 | -€39,597 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €22,781 | €20,997 | -€1,784 | -7.8% |
| Recurring financial charges | 65 | €22,781 | €20,997 | -€1,784 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,394 | -€53,207 | -€37,813 | -246% |
| Transfer from deferred taxes | 780 | €3,454 | €3,454 | = | 0.0% |
| Income taxes | 67/77 | €0 | -€654 | -€654 | |
| Profit (loss) for the period | 9904 | -€11,940 | -€49,099 | -€37,159 | -311% |
| Transfer from tax-exempt reserves | 789 | €8,059 | €8,059 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,881 | -€41,040 | -€37,159 | -958% |
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 16 October 2026 via checked.be.