AG Vandevelde: 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.
AG Vandevelde
Largest movements
- Tangible fixed assets +€282,388
up €282,388 (+9.0%), from €3.1m to €3.4m
- Receivables within one year -€103,152
down €103,152 (-18.5%), from €557,933 to €454,781
of which Other amounts receivable: -€154,304
- Receivables after one year +€76,007
new in 2025: €76,007
- Debts after one year +€263,100
up €263,100 (+8.7%), from €3.0m to €3.3m
of which Financial debts: +€251,499
- Trade debts -€231,694
down €231,694 (-67.1%), from €345,334 to €113,640
- Profit (loss) carried forward +€166,396
up €166,396 (+99.6%), from €167,123 to €333,519
- Financial income +€116,410
up €116,410 (+1,756%), from €6,628 to €123,039
- Depreciation +€22,673
up €22,673 (+11.1%), from €203,795 to €226,468
- Taxes -€9,217
down €9,217 (-41.4%), from €22,254 to €13,036
- Financial charges +€4,563
up €4,563 (+6.7%), from €68,523 to €73,086
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 | €3,956,885 | €4,246,987 | +€290,102 | +7.3% |
| Fixed assets | 21/28 | €3,363,855 | €3,646,243 | +€282,388 | +8.4% |
| Tangible fixed assets | 22/27 | €3,140,855 | €3,423,243 | +€282,388 | +9.0% |
| Land and buildings | 22 | €3,140,855 | €3,423,243 | +€282,388 | +9.0% |
| Financial fixed assets | 28 | €223,000 | €223,000 | = | 0.0% |
| Current assets | 29/58 | €593,030 | €600,744 | +€7,713 | +1.3% |
| Amounts receivable after more than one year | 29 | - | €76,007 | +€76,007 | |
| Other amounts receivable | 291 | - | €76,007 | +€76,007 | |
| Amounts receivable within one year | 40/41 | €557,933 | €454,781 | -€103,152 | -18.5% |
| Trade receivables | 40 | €339,277 | €390,429 | +€51,152 | +15.1% |
| Other amounts receivable | 41 | €218,656 | €64,351 | -€154,304 | -70.6% |
| Cash at bank and in hand | 54/58 | €28,031 | €64,944 | +€36,913 | +132% |
| Deferred charges and accrued income | 490/1 | €7,066 | €5,012 | -€2,055 | -29.1% |
| Total equity and liabilities | 10/49 | €3,956,885 | €4,246,987 | +€290,102 | +7.3% |
| Equity | 10/15 | €367,123 | €533,519 | +€166,396 | +45.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,123 | €333,519 | +€166,396 | +99.6% |
| Amounts payable | 17/49 | €3,589,762 | €3,713,468 | +€123,706 | +3.4% |
| Amounts payable after more than one year | 17 | €3,030,260 | €3,293,360 | +€263,100 | +8.7% |
| Financial debts | 170/4 | €1,562,167 | €1,813,666 | +€251,499 | +16.1% |
| Other amounts payable | 178/9 | €1,468,093 | €1,479,694 | +€11,601 | +0.8% |
| Amounts payable within one year | 42/48 | €559,423 | €403,923 | -€155,500 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €108,720 | €133,653 | +€24,933 | +22.9% |
| Financial debts | 43 | €4,575 | €5,048 | +€472 | +10.3% |
| Credit institutions | 430/8 | €4,575 | €5,048 | +€472 | +10.3% |
| Trade debts | 44 | €345,334 | €113,640 | -€231,694 | -67.1% |
| Suppliers | 440/4 | €345,334 | €113,640 | -€231,694 | -67.1% |
| Taxes, remuneration and social security | 45 | €66,919 | €93,029 | +€26,110 | +39.0% |
| Taxes | 450/3 | €66,919 | €90,536 | +€23,616 | +35.3% |
| Remuneration and social security | 454/9 | - | €2,493 | +€2,493 | |
| Other amounts payable | 47/48 | €33,874 | €58,553 | +€24,678 | +72.9% |
| Accrued charges and deferred income | 492/3 | €79 | €16,186 | +€16,107 | +20,419% |
| Non-recurring operating income | 76A | €70,749 | €0 | -€70,749 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,795 | €226,468 | +€22,673 | +11.1% |
| Other operating charges | 640/8 | €25,665 | €25,341 | -€323 | -1.3% |
| Gross operating margin | 9900 | €382,595 | €381,289 | -€1,306 | -0.3% |
| Operating profit (loss) | 9901 | €153,135 | €129,479 | -€23,656 | -15.4% |
| Financial income | 75/76B | €6,628 | €123,039 | +€116,410 | +1,756% |
| Recurring financial income | 75 | €6,628 | €123,039 | +€116,410 | +1,756% |
| Financial charges | 65/66B | €68,523 | €73,086 | +€4,563 | +6.7% |
| Recurring financial charges | 65 | €68,523 | €73,086 | +€4,563 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €91,241 | €179,432 | +€88,191 | +96.7% |
| Income taxes | 67/77 | €22,254 | €13,036 | -€9,217 | -41.4% |
| Profit (loss) for the period | 9904 | €68,987 | €166,396 | +€97,409 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €68,987 | €166,396 | +€97,409 | +141% |
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 27 October 2026 via checked.be.