WILLY VAN DYCKE: 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.
WILLY VAN DYCKE
Largest movements
- Tangible fixed assets -€13,439
down €13,439 (-5.7%), from €235,935 to €222,496
of which Land and buildings: -€11,484
- Receivables within one year -€6,829
down €6,829 (-44.9%), from €15,200 to €8,371
of which Trade receivables: -€7,977
- Debts after one year -€33,237
down €33,237 (-71.4%), from €46,571 to €13,334
- Reserves +€33,040
up €33,040 (+77.0%), from €42,906 to €75,946
- Other debts -€27,618
down €27,618 (-39.8%), from €69,368 to €41,751
- Current portion of long-term debt +€9,329
up €9,329 (+28.3%), from €32,908 to €42,237
- Tax, wage and social debts -€3,450
down €3,450 (-20.2%), from €17,088 to €13,638
- Gross operating margin +€11,139
up €11,139 (+20.4%), from €54,511 to €65,650
- Taxes +€5,937
up €5,937 (+310%), from €1,915 to €7,852
- Other operating charges -€3,118
down €3,118 (-82.6%), from €3,776 to €658
- Financial charges -€2,270
down €2,270 (-19.9%), from €11,425 to €9,155
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 | €252,844 | €232,706 | -€20,138 | -8.0% |
| Fixed assets | 21/28 | €235,935 | €222,496 | -€13,439 | -5.7% |
| Tangible fixed assets | 22/27 | €235,935 | €222,496 | -€13,439 | -5.7% |
| Land and buildings | 22 | €206,712 | €195,228 | -€11,484 | -5.6% |
| Plant, machinery and equipment | 23 | €29,223 | €27,268 | -€1,955 | -6.7% |
| Current assets | 29/58 | €16,909 | €10,210 | -€6,699 | -39.6% |
| Amounts receivable within one year | 40/41 | €15,200 | €8,371 | -€6,829 | -44.9% |
| Trade receivables | 40 | €15,200 | €7,223 | -€7,977 | -52.5% |
| Other amounts receivable | 41 | - | €1,148 | +€1,148 | |
| Cash at bank and in hand | 54/58 | - | €91 | +€91 | |
| Deferred charges and accrued income | 490/1 | €1,709 | €1,748 | +€38 | +2.2% |
| Total equity and liabilities | 10/49 | €252,844 | €232,706 | -€20,138 | -8.0% |
| Equity | 10/15 | €61,506 | €94,546 | +€33,040 | +53.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,906 | €75,946 | +€33,040 | +77.0% |
| Distributable reserves | 133 | €42,906 | €75,946 | +€33,040 | +77.0% |
| Amounts payable | 17/49 | €191,338 | €138,160 | -€53,178 | -27.8% |
| Amounts payable after more than one year | 17 | €46,571 | €13,334 | -€33,237 | -71.4% |
| Financial debts | 170/4 | €46,571 | €13,334 | -€33,237 | -71.4% |
| Amounts payable within one year | 42/48 | €142,444 | €122,929 | -€19,515 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €32,908 | €42,237 | +€9,329 | +28.3% |
| Financial debts | 43 | €541 | €0 | -€541 | -100% |
| Credit institutions | 430/8 | €541 | €0 | -€541 | -100% |
| Trade debts | 44 | €22,539 | €25,303 | +€2,764 | +12.3% |
| Suppliers | 440/4 | €22,539 | €25,303 | +€2,764 | +12.3% |
| Taxes, remuneration and social security | 45 | €17,088 | €13,638 | -€3,450 | -20.2% |
| Taxes | 450/3 | €17,088 | €13,638 | -€3,450 | -20.2% |
| Other amounts payable | 47/48 | €69,368 | €41,751 | -€27,618 | -39.8% |
| Accrued charges and deferred income | 492/3 | €2,323 | €1,898 | -€426 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,390 | €14,946 | +€556 | +3.9% |
| Other operating charges | 640/8 | €3,776 | €658 | -€3,118 | -82.6% |
| Gross operating margin | 9900 | €54,511 | €65,650 | +€11,139 | +20.4% |
| Operating profit (loss) | 9901 | €36,346 | €50,047 | +€13,701 | +37.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €11,425 | €9,155 | -€2,270 | -19.9% |
| Recurring financial charges | 65 | €11,425 | €9,155 | -€2,270 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €24,921 | €40,891 | +€15,970 | +64.1% |
| Income taxes | 67/77 | €1,915 | €7,852 | +€5,937 | +310% |
| Profit (loss) for the period | 9904 | €23,006 | €33,040 | +€10,034 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,006 | €33,040 | +€10,034 | +43.6% |
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 26 October 2026 via checked.be.