ASV VANDAELE: 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.
ASV VANDAELE
Largest movements
- Tangible fixed assets -€15,312
down €15,312 (-29.5%), from €51,885 to €36,572
of which Furniture and vehicles: -€14,136
- Cash +€13,934
up €13,934 (+143%), from €9,763 to €23,697
mainly Depreciation (+€15,312) and Net result for the year (+€9,395)
- Receivables within one year -€4,376
down €4,376 (-13.9%), from €31,375 to €26,999
of which Other amounts receivable: -€3,004
- Other debts -€11,460
down €11,460 (-91.6%), from €12,514 to €1,054
- Reserves +€9,395
up €9,395 (+10.5%), from €89,340 to €98,735
- Trade debts -€2,543
down €2,543 (-85.5%), from €2,975 to €432
- Gross operating margin -€7,540
down €7,540 (-6.6%), from €113,847 to €106,307
- Financial income +€2,978
up €2,978 (+2,920%), from €102 to €3,080
- Taxes -€1,384
down €1,384 (-15.3%), from €9,019 to €7,636
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 | €124,675 | €119,476 | -€5,199 | -4.2% |
| Fixed assets | 21/28 | €55,129 | €39,816 | -€15,312 | -27.8% |
| Tangible fixed assets | 22/27 | €51,885 | €36,572 | -€15,312 | -29.5% |
| Land and buildings | 22 | €15,842 | €15,583 | -€259 | -1.6% |
| Plant, machinery and equipment | 23 | €1,927 | €1,010 | -€917 | -47.6% |
| Furniture and vehicles | 24 | €34,116 | €19,980 | -€14,136 | -41.4% |
| Financial fixed assets | 28 | €3,244 | €3,244 | = | 0.0% |
| Current assets | 29/58 | €69,547 | €79,660 | +€10,113 | +14.5% |
| Stocks and contracts in progress | 3 | €18,494 | €18,728 | +€234 | +1.3% |
| Stocks | 30/36 | €18,494 | €18,728 | +€234 | +1.3% |
| Amounts receivable within one year | 40/41 | €31,375 | €26,999 | -€4,376 | -13.9% |
| Trade receivables | 40 | €25,482 | €24,110 | -€1,372 | -5.4% |
| Other amounts receivable | 41 | €5,893 | €2,889 | -€3,004 | -51.0% |
| Cash at bank and in hand | 54/58 | €9,763 | €23,697 | +€13,934 | +143% |
| Deferred charges and accrued income | 490/1 | €9,914 | €10,235 | +€321 | +3.2% |
| Total equity and liabilities | 10/49 | €124,675 | €119,476 | -€5,199 | -4.2% |
| Equity | 10/15 | €107,940 | €117,335 | +€9,395 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,340 | €98,735 | +€9,395 | +10.5% |
| Distributable reserves | 133 | €89,340 | €98,735 | +€9,395 | +10.5% |
| Amounts payable | 17/49 | €16,736 | €2,141 | -€14,595 | -87.2% |
| Amounts payable within one year | 42/48 | €16,736 | €2,141 | -€14,595 | -87.2% |
| Trade debts | 44 | €2,975 | €432 | -€2,543 | -85.5% |
| Suppliers | 440/4 | €2,975 | €432 | -€2,543 | -85.5% |
| Taxes, remuneration and social security | 45 | €1,247 | €655 | -€591 | -47.4% |
| Taxes | 450/3 | €672 | €655 | -€17 | -2.5% |
| Remuneration and social security | 454/9 | €575 | €0 | -€575 | -100% |
| Other amounts payable | 47/48 | €12,514 | €1,054 | -€11,460 | -91.6% |
| Remuneration, social security and pensions | 62 | €73,427 | €73,594 | +€167 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,014 | €15,312 | +€298 | +2.0% |
| Other operating charges | 640/8 | €3,077 | €2,774 | -€304 | -9.9% |
| Gross operating margin | 9900 | €113,847 | €106,307 | -€7,540 | -6.6% |
| Operating profit (loss) | 9901 | €22,328 | €14,627 | -€7,702 | -34.5% |
| Financial income | 75/76B | €102 | €3,080 | +€2,978 | +2,920% |
| Recurring financial income | 75 | €102 | €3,080 | +€2,978 | +2,920% |
| Financial charges | 65/66B | €595 | €676 | +€81 | +13.6% |
| Recurring financial charges | 65 | €595 | €676 | +€81 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €21,835 | €17,031 | -€4,804 | -22.0% |
| Income taxes | 67/77 | €9,019 | €7,636 | -€1,384 | -15.3% |
| Profit (loss) for the period | 9904 | €12,816 | €9,395 | -€3,421 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,816 | €9,395 | -€3,421 | -26.7% |
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 22 October 2026 via checked.be.