DR VANDELEENE: 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.
DR VANDELEENE
Largest movements
- Cash +€92,066
up €92,066 (+183%), from €50,279 to €142,344
mainly Net result for the year (+€78,550) and Receivables within one year (+€12,809)
- Receivables within one year -€12,809
down €12,809 (-86.8%), from €14,749 to €1,940
- Deferred charges and accrued income +€4,951
up €4,951 (+242%), from €2,048 to €6,999
- Profit (loss) carried forward +€78,550
up €78,550 (+131%), from €60,036 to €138,586
- Tax, wage and social debts +€6,158
up €6,158 (+137%), from €4,500 to €10,658
- Gross operating margin +€27,929
up €27,929 (+36.7%), from €76,110 to €104,038
- Taxes +€9,156
up €9,156 (+60.0%), from €15,251 to €24,408
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 | €69,010 | €152,802 | +€83,792 | +121% |
| Fixed assets | 21/28 | €1,936 | €1,519 | -€417 | -21.5% |
| Tangible fixed assets | 22/27 | €1,936 | €1,519 | -€417 | -21.5% |
| Land and buildings | 22 | €1,936 | €1,519 | -€417 | -21.5% |
| Current assets | 29/58 | €67,075 | €151,283 | +€84,208 | +126% |
| Amounts receivable within one year | 40/41 | €14,749 | €1,940 | -€12,809 | -86.8% |
| Other amounts receivable | 41 | €14,749 | €1,940 | -€12,809 | -86.8% |
| Cash at bank and in hand | 54/58 | €50,279 | €142,344 | +€92,066 | +183% |
| Deferred charges and accrued income | 490/1 | €2,048 | €6,999 | +€4,951 | +242% |
| Total equity and liabilities | 10/49 | €69,010 | €152,802 | +€83,792 | +121% |
| Equity | 10/15 | €63,536 | €142,086 | +€78,550 | +124% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,036 | €138,586 | +€78,550 | +131% |
| Amounts payable | 17/49 | €5,475 | €10,716 | +€5,242 | +95.7% |
| Amounts payable within one year | 42/48 | €5,475 | €10,716 | +€5,242 | +95.7% |
| Trade debts | 44 | €599 | €59 | -€540 | -90.2% |
| Suppliers | 440/4 | €599 | €59 | -€540 | -90.2% |
| Taxes, remuneration and social security | 45 | €4,500 | €10,658 | +€6,158 | +137% |
| Taxes | 450/3 | €4,500 | €10,658 | +€6,158 | +137% |
| Other amounts payable | 47/48 | €376 | - | -€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €417 | +€269 | +182% |
| Other operating charges | 640/8 | €629 | €556 | -€73 | -11.6% |
| Gross operating margin | 9900 | €76,110 | €104,038 | +€27,929 | +36.7% |
| Operating profit (loss) | 9901 | €75,332 | €103,066 | +€27,733 | +36.8% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €45 | €120 | +€75 | +167% |
| Recurring financial charges | 65 | €45 | €120 | +€75 | +167% |
| Profit (loss) for the period before taxes | 9903 | €75,287 | €102,958 | +€27,671 | +36.8% |
| Income taxes | 67/77 | €15,251 | €24,408 | +€9,156 | +60.0% |
| Profit (loss) for the period | 9904 | €60,036 | €78,550 | +€18,514 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,036 | €78,550 | +€18,514 | +30.8% |
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 20 October 2026 via checked.be.