GDW VANDORMAEL: what changed
What changed
GDW VANDORMAEL
NACE 69.103, Activities of bailiffs
filed annual accounts (NBB)
Net result for the year
€362,962
2024 · €185,449+€177,513
Equity
€806,286
2024 · €445,123+€361,162
Cash
€31,205
2024 · €6,182+€25,023
Balance sheet total
€857,359
2024 · €499,739+€357,620
Largest movements
Assets
- Current investments +€369,301
up €369,301 (+97.8%), from €377,582 to €746,884
- Receivables within one year -€26,975
down €26,975 (-78.1%), from €34,534 to €7,560
of which Trade receivables: -€20,205
- Cash +€25,023
up €25,023 (+405%), from €6,182 to €31,205
mainly Net result for the year (+€362,962) and Tax, wage and social debts (+€36,717)
Equity and liabilities
- Reserves +€361,162
up €361,162 (+82.3%), from €438,926 to €800,088
- Other debts -€37,710
down €37,710 (-95.4%), from €39,510 to €1,800
- Tax, wage and social debts +€36,717
up €36,717 (+433%), from €8,487 to €45,204
Income statement
- Gross operating margin +€244,902
up €244,902 (+81.4%), from €300,819 to €545,722
- Taxes +€84,462
up €84,462 (+97.1%), from €86,987 to €171,449
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.
Result 2024
€185,449
Gross operating margin
+€244,902
Depreciation
-€470
Other operating charges
-€1,668
Other operating items
+€17,935
Financial income
+€858
Financial charges
+€417
Taxes
-€84,462
Result 2025
€362,962
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€400,237
Investment
-€373,101
Financing
-€2,113
Cash 2024
€6,182
From operations (derived)
+€400,237
Net result for the year
+€362,962
Depreciation
+€7,433
Receivables within one year
+€26,975
Deferred charges and accrued income
+€6,097
Trade debts
-€2,236
Tax, wage and social debts
+€36,717
Other debts
-€37,710
Investment (derived)
-€373,101
Investment in fixed assets (net)
-€3,800
Current investments
-€369,301
Financing
-€2,113
Short-term financial debts
-€313
Contributions, distributions and other
-€1,800
Cash 2025
€31,205
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €499,739 | €857,359 | +€357,620 | +71.6% |
| Fixed assets | 21/28 | €68,562 | €64,930 | -€3,633 | -5.3% |
| Tangible fixed assets | 22/27 | €68,562 | €62,930 | -€5,633 | -8.2% |
| Land and buildings | 22 | €66,706 | €61,580 | -€5,127 | -7.7% |
| Plant, machinery and equipment | 23 | €780 | €530 | -€250 | -32.0% |
| Furniture and vehicles | 24 | €1,076 | €820 | -€256 | -23.8% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €431,177 | €792,429 | +€361,253 | +83.8% |
| Amounts receivable within one year | 40/41 | €34,534 | €7,560 | -€26,975 | -78.1% |
| Trade receivables | 40 | €20,205 | - | -€20,205 | |
| Other amounts receivable | 41 | €14,329 | €7,560 | -€6,770 | -47.2% |
| Current investments | 50/53 | €377,582 | €746,884 | +€369,301 | +97.8% |
| Cash at bank and in hand | 54/58 | €6,182 | €31,205 | +€25,023 | +405% |
| Deferred charges and accrued income | 490/1 | €12,878 | €6,781 | -€6,097 | -47.3% |
| Total equity and liabilities | 10/49 | €499,739 | €857,359 | +€357,620 | +71.6% |
| Equity | 10/15 | €445,123 | €806,286 | +€361,162 | +81.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €438,926 | €800,088 | +€361,162 | +82.3% |
| Distributable reserves | 133 | €438,926 | €800,088 | +€361,162 | +82.3% |
| Amounts payable | 17/49 | €54,616 | €51,074 | -€3,542 | -6.5% |
| Amounts payable within one year | 42/48 | €54,616 | €51,074 | -€3,542 | -6.5% |
| Financial debts | 43 | €2,983 | €2,670 | -€313 | -10.5% |
| Other loans | 439 | €2,983 | €2,670 | -€313 | -10.5% |
| Trade debts | 44 | €3,637 | €1,400 | -€2,236 | -61.5% |
| Suppliers | 440/4 | €3,637 | €1,400 | -€2,236 | -61.5% |
| Taxes, remuneration and social security | 45 | €8,487 | €45,204 | +€36,717 | +433% |
| Taxes | 450/3 | €8,487 | €45,204 | +€36,717 | +433% |
| Other amounts payable | 47/48 | €39,510 | €1,800 | -€37,710 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,963 | €7,433 | +€470 | +6.8% |
| Other operating charges | 640/8 | €5,838 | €7,506 | +€1,668 | +28.6% |
| Non-recurring operating charges | 66A | €17,935 | - | -€17,935 | |
| Gross operating margin | 9900 | €300,819 | €545,722 | +€244,902 | +81.4% |
| Operating profit (loss) | 9901 | €270,083 | €530,783 | +€260,699 | +96.5% |
| Financial income | 75/76B | €5,324 | €6,182 | +€858 | +16.1% |
| Recurring financial income | 75 | €5,324 | €6,182 | +€858 | +16.1% |
| Financial charges | 65/66B | €2,971 | €2,554 | -€417 | -14.0% |
| Recurring financial charges | 65 | €2,971 | €2,554 | -€417 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €272,436 | €534,411 | +€261,975 | +96.2% |
| Income taxes | 67/77 | €86,987 | €171,449 | +€84,462 | +97.1% |
| Profit (loss) for the period | 9904 | €185,449 | €362,962 | +€177,513 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €185,449 | €362,962 | +€177,513 | +95.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 7 November 2026 via checked.be.