Wim Van De Sande: what changed
What changed
Wim Van De Sande
NACE 01.472, Crop and animal production, hunting and related service activities
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €711,800+€632,319
Equity
€5.3m
2024 · €4.0m+€1.3m
Cash
€3.8m
2024 · €2.7m+€1.0m
Balance sheet total
€5.4m
2024 · €4.0m+€1.3m
Largest movements
Assets
- Cash +€1.0m
up €1.0m (+38.6%), from €2.7m to €3.8m
mainly Net result for the year (+€1.3m) and Depreciation (+€152,088)
- Tangible fixed assets +€203,412
up €203,412 (+40.8%), from €498,349 to €701,761
of which Land and buildings: +€248,391
- Intangible fixed assets +€80,000
new in 2025: €80,000
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+35.2%), from €3.8m to €5.2m
of which Distributable reserves: +€817,869
Income statement
- Gross operating margin +€931,654
up €931,654 (+89.4%), from €1.0m to €2.0m
- Taxes +€207,697
up €207,697 (+89.4%), from €232,274 to €439,971
- Depreciation +€51,197
up €51,197 (+50.7%), from €100,891 to €152,088
- Other operating charges +€44,630
up €44,630 (+789%), from €5,656 to €50,286
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€711,800
Gross operating margin
+€931,654
Staff costs
-€4,886
Depreciation
-€51,197
Other operating charges
-€44,630
Financial income
+€8,419
Financial charges
+€654
Taxes
-€207,697
Result 2025
€1.3m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€435,500
Financing
€0
Cash 2024
€2.7m
From operations (derived)
+€1.5m
Net result for the year
+€1.3m
Depreciation
+€152,088
Stocks and contracts
+€1,019
Receivables within one year
-€30,643
Deferred charges and accrued income
+€18,796
Trade debts
-€18,577
Tax, wage and social debts
+€18,648
Investment (derived)
-€435,500
Investment in fixed assets (net)
-€435,500
Cash 2025
€3.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,028,753 | €5,372,943 | +€1.3m | +33.4% |
| Fixed assets | 21/28 | €498,349 | €781,761 | +€283,412 | +56.9% |
| Intangible fixed assets | 21 | - | €80,000 | +€80,000 | |
| Tangible fixed assets | 22/27 | €498,349 | €701,761 | +€203,412 | +40.8% |
| Land and buildings | 22 | €110,594 | €358,985 | +€248,391 | +225% |
| Plant, machinery and equipment | 23 | €256,950 | €215,651 | -€41,299 | -16.1% |
| Furniture and vehicles | 24 | €14,258 | €10,578 | -€3,680 | -25.8% |
| Assets under construction and advance payments | 27 | €116,547 | €116,547 | = | 0.0% |
| Current assets | 29/58 | €3,530,404 | €4,591,183 | +€1.1m | +30.0% |
| Stocks and contracts in progress | 3 | €56,019 | €55,000 | -€1,019 | -1.8% |
| Stocks | 30/36 | €56,019 | €55,000 | -€1,019 | -1.8% |
| Amounts receivable within one year | 40/41 | €640,509 | €671,152 | +€30,643 | +4.8% |
| Trade receivables | 40 | €87,092 | €123,742 | +€36,650 | +42.1% |
| Other amounts receivable | 41 | €553,417 | €547,410 | -€6,007 | -1.1% |
| Cash at bank and in hand | 54/58 | €2,717,771 | €3,767,722 | +€1.0m | +38.6% |
| Deferred charges and accrued income | 490/1 | €116,105 | €97,309 | -€18,796 | -16.2% |
| Total equity and liabilities | 10/49 | €4,028,753 | €5,372,943 | +€1.3m | +33.4% |
| Equity | 10/15 | €3,968,356 | €5,312,475 | +€1.3m | +33.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €3,818,356 | €5,162,475 | +€1.3m | +35.2% |
| Tax-exempt reserves | 132 | €421,000 | €947,250 | +€526,250 | +125% |
| Distributable reserves | 133 | €3,397,356 | €4,215,225 | +€817,869 | +24.1% |
| Amounts payable | 17/49 | €60,397 | €60,468 | +€71 | +0.1% |
| Amounts payable within one year | 42/48 | €60,397 | €60,468 | +€71 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €22,564 | €3,987 | -€18,577 | -82.3% |
| Suppliers | 440/4 | €22,564 | €3,987 | -€18,577 | -82.3% |
| Taxes, remuneration and social security | 45 | €37,834 | €56,482 | +€18,648 | +49.3% |
| Taxes | 450/3 | €36,021 | €55,271 | +€19,250 | +53.4% |
| Remuneration and social security | 454/9 | €1,813 | €1,210 | -€602 | -33.2% |
| Non-recurring operating income | 76A | - | €3,177 | +€3,177 | |
| Remuneration, social security and pensions | 62 | €10,430 | €15,316 | +€4,886 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,891 | €152,088 | +€51,197 | +50.7% |
| Other operating charges | 640/8 | €5,656 | €50,286 | +€44,630 | +789% |
| Gross operating margin | 9900 | €1,041,967 | €1,973,621 | +€931,654 | +89.4% |
| Operating profit (loss) | 9901 | €924,989 | €1,755,931 | +€830,942 | +89.8% |
| Financial income | 75/76B | €19,804 | €28,223 | +€8,419 | +42.5% |
| Recurring financial income | 75 | €19,804 | €28,223 | +€8,419 | +42.5% |
| Financial charges | 65/66B | €719 | €64 | -€654 | -91.1% |
| Recurring financial charges | 65 | €719 | €64 | -€654 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €944,074 | €1,784,090 | +€840,016 | +89.0% |
| Income taxes | 67/77 | €232,274 | €439,971 | +€207,697 | +89.4% |
| Profit (loss) for the period | 9904 | €711,800 | €1,344,119 | +€632,319 | +88.8% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €0 | -€35,600 | -100% |
| Transfer to tax-exempt reserves | 689 | €315,750 | €526,250 | +€210,500 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €431,650 | €817,869 | +€386,219 | +89.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.