Dr. Vandeputte Tom: what changed
Dr. Vandeputte Tom
Largest movements
- Cash +€114,349
up €114,349 (+61.8%), from €184,972 to €299,321
mainly Current investments (+€90,315) and Net result for the year (+€82,484)
- Current investments -€90,315
down €90,315 (-41.8%), from €216,091 to €125,776
- Tangible fixed assets -€17,030
down €17,030 (-7.9%), from €216,121 to €199,091
of which Land and buildings: -€16,667
- Receivables within one year +€8,750
up €8,750 (+60.0%), from €14,586 to €23,336
of which Other amounts receivable: +€8,152
- Reserves +€10,684
up €10,684 (+2.1%), from €502,242 to €512,926
of which Distributable reserves: +€10,684
- Gross operating margin -€23,301
down €23,301 (-13.9%), from €167,917 to €144,616
- Taxes -€7,760
down €7,760 (-17.6%), from €44,068 to €36,308
- Financial income -€2,292
down €2,292 (-41.7%), from €5,503 to €3,210
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €635,112 | €656,971 | +€21,859 | +3.4% |
| Fixed assets | 21/28 | €216,121 | €199,091 | -€17,030 | -7.9% |
| Tangible fixed assets | 22/27 | €216,121 | €199,091 | -€17,030 | -7.9% |
| Land and buildings | 22 | €208,265 | €191,598 | -€16,667 | -8.0% |
| Plant, machinery and equipment | 23 | €5,745 | €3,040 | -€2,705 | -47.1% |
| Furniture and vehicles | 24 | €627 | €268 | -€359 | -57.2% |
| Other tangible fixed assets | 26 | €1,484 | €4,185 | +€2,700 | +182% |
| Current assets | 29/58 | €418,991 | €457,880 | +€38,888 | +9.3% |
| Amounts receivable within one year | 40/41 | €14,586 | €23,336 | +€8,750 | +60.0% |
| Trade receivables | 40 | - | €598 | +€598 | |
| Other amounts receivable | 41 | €14,586 | €22,738 | +€8,152 | +55.9% |
| Current investments | 50/53 | €216,091 | €125,776 | -€90,315 | -41.8% |
| Cash at bank and in hand | 54/58 | €184,972 | €299,321 | +€114,349 | +61.8% |
| Deferred charges and accrued income | 490/1 | €3,343 | €9,446 | +€6,104 | +183% |
| Total equity and liabilities | 10/49 | €635,112 | €656,971 | +€21,859 | +3.4% |
| Equity | 10/15 | €520,842 | €531,526 | +€10,684 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €502,242 | €512,926 | +€10,684 | +2.1% |
| Tax-exempt reserves | 132 | €419 | €419 | = | 0.0% |
| Distributable reserves | 133 | €501,823 | €512,506 | +€10,684 | +2.1% |
| Amounts payable | 17/49 | €114,270 | €125,445 | +€11,175 | +9.8% |
| Amounts payable within one year | 42/48 | €105,879 | €118,680 | +€12,801 | +12.1% |
| Trade debts | 44 | €2,842 | €4,387 | +€1,545 | +54.4% |
| Suppliers | 440/4 | €2,842 | €4,387 | +€1,545 | +54.4% |
| Taxes, remuneration and social security | 45 | €8,642 | €14,455 | +€5,813 | +67.3% |
| Taxes | 450/3 | €8,642 | €14,455 | +€5,813 | +67.3% |
| Other amounts payable | 47/48 | €94,395 | €99,839 | +€5,444 | +5.8% |
| Accrued charges and deferred income | 492/3 | €8,391 | €6,765 | -€1,626 | -19.4% |
| Non-recurring operating income | 76A | €11,506 | - | -€11,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,482 | €20,532 | +€51 | +0.2% |
| Other operating charges | 640/8 | €1,725 | €1,428 | -€297 | -17.2% |
| Gross operating margin | 9900 | €167,917 | €144,616 | -€23,301 | -13.9% |
| Operating profit (loss) | 9901 | €145,710 | €122,655 | -€23,055 | -15.8% |
| Financial income | 75/76B | €5,503 | €3,210 | -€2,292 | -41.7% |
| Recurring financial income | 75 | €5,503 | €3,210 | -€2,292 | -41.7% |
| Financial charges | 65/66B | €8,222 | €7,074 | -€1,148 | -14.0% |
| Recurring financial charges | 65 | €8,222 | €7,074 | -€1,148 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €142,990 | €118,791 | -€24,199 | -16.9% |
| Income taxes | 67/77 | €44,068 | €36,308 | -€7,760 | -17.6% |
| Profit (loss) for the period | 9904 | €98,922 | €82,484 | -€16,438 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,922 | €82,484 | -€16,438 | -16.6% |
Next steps
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 3 November 2026 via checked.be.