WK Vandecasteele Management: 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.
WK Vandecasteele Management
Largest movements
- Current investments +€604,650
new in 2025: €604,650
- Cash -€450,223
down €450,223 (-78.9%), from €570,710 to €120,487
mainly Current investments (-€604,650) and Contributions, distributions and other (-€282,714)
- Receivables within one year -€262,191
down €262,191 (-50.5%), from €519,071 to €256,880
of which Trade receivables: -€284,000
- Reserves -€268,006
down €268,006 (-32.2%), from €831,887 to €563,881
of which Distributable reserves: -€268,006
- Other debts +€171,709
up €171,709 (+71.6%), from €239,805 to €411,514
- Tax, wage and social debts -€24,855
down €24,855 (-49.2%), from €50,528 to €25,672
- Gross operating margin -€677,558
down €677,558 (-85.2%), from €795,672 to €118,114
- Taxes -€183,265
down €183,265 (-96.7%), from €189,526 to €6,261
- Financial charges +€72,843
up €72,843 (+194%), from €37,461 to €110,304
- Financial income +€8,088
up €8,088 (+74.0%), from €10,937 to €19,025
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 | €1,128,755 | €1,008,867 | -€119,889 | -10.6% |
| Fixed assets | 21/28 | €22,682 | €17,968 | -€4,714 | -20.8% |
| Tangible fixed assets | 22/27 | €17,724 | €13,010 | -€4,714 | -26.6% |
| Furniture and vehicles | 24 | €17,724 | €13,010 | -€4,714 | -26.6% |
| Financial fixed assets | 28 | €4,958 | €4,958 | = | 0.0% |
| Current assets | 29/58 | €1,106,073 | €990,898 | -€115,175 | -10.4% |
| Amounts receivable within one year | 40/41 | €519,071 | €256,880 | -€262,191 | -50.5% |
| Trade receivables | 40 | €514,250 | €230,250 | -€284,000 | -55.2% |
| Other amounts receivable | 41 | €4,821 | €26,630 | +€21,809 | +452% |
| Current investments | 50/53 | - | €604,650 | +€604,650 | |
| Cash at bank and in hand | 54/58 | €570,710 | €120,487 | -€450,223 | -78.9% |
| Deferred charges and accrued income | 490/1 | €16,292 | €8,881 | -€7,411 | -45.5% |
| Total equity and liabilities | 10/49 | €1,128,755 | €1,008,867 | -€119,889 | -10.6% |
| Equity | 10/15 | €838,087 | €570,081 | -€268,006 | -32.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €831,887 | €563,881 | -€268,006 | -32.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,750 | €315,750 | = | 0.0% |
| Distributable reserves | 133 | €514,277 | €246,271 | -€268,006 | -52.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,668 | €438,786 | +€148,118 | +51.0% |
| Amounts payable within one year | 42/48 | €290,668 | €438,786 | +€148,118 | +51.0% |
| Trade debts | 44 | €336 | €1,600 | +€1,264 | +377% |
| Suppliers | 440/4 | €336 | €1,600 | +€1,264 | +377% |
| Taxes, remuneration and social security | 45 | €50,528 | €25,672 | -€24,855 | -49.2% |
| Taxes | 450/3 | €50,528 | €25,672 | -€24,855 | -49.2% |
| Other amounts payable | 47/48 | €239,805 | €411,514 | +€171,709 | +71.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,821 | €4,714 | -€107 | -2.2% |
| Other operating charges | 640/8 | €1,666 | €1,152 | -€514 | -30.8% |
| Gross operating margin | 9900 | €795,672 | €118,114 | -€677,558 | -85.2% |
| Operating profit (loss) | 9901 | €789,185 | €112,248 | -€676,937 | -85.8% |
| Financial income | 75/76B | €10,937 | €19,025 | +€8,088 | +74.0% |
| Recurring financial income | 75 | €10,937 | €19,025 | +€8,088 | +74.0% |
| Financial charges | 65/66B | €37,461 | €110,304 | +€72,843 | +194% |
| Recurring financial charges | 65 | €37,461 | €110,304 | +€72,843 | +194% |
| Profit (loss) for the period before taxes | 9903 | €762,661 | €20,969 | -€741,692 | -97.3% |
| Income taxes | 67/77 | €189,526 | €6,261 | -€183,265 | -96.7% |
| Profit (loss) for the period | 9904 | €573,135 | €14,708 | -€558,427 | -97.4% |
| Transfer to tax-exempt reserves | 689 | €315,750 | €0 | -€315,750 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €257,385 | €14,708 | -€242,677 | -94.3% |
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 29 October 2026 via checked.be.