JAN VANDORMAEL: 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.
JAN VANDORMAEL
Largest movements
- Cash -€259,479
down €259,479 (-85.4%), from €303,928 to €44,449
mainly Stocks and contracts (-€178,314) and Receivables within one year (-€138,490)
- Stocks and contracts +€178,314
up €178,314 (+11,504%), from €1,550 to €179,864
of which Stocks: +€130,032
- Receivables within one year +€138,490
up €138,490 (+262%), from €52,907 to €191,398
of which Other amounts receivable: +€101,830
- Tangible fixed assets +€17,764
up €17,764 (+48.0%), from €36,980 to €54,744
of which Furniture and vehicles: +€24,683
- Tax, wage and social debts -€116,550
down €116,550 (-97.4%), from €119,615 to €3,066
of which Taxes: -€110,066
- Debts after one year +€104,320
up €104,320 (+1,456%), from €7,165 to €111,485
- Trade debts +€63,961
up €63,961 (+320%), from €19,960 to €83,921
- Other debts -€46,940
no longer reported in 2025 (was €46,940)
- Profit (loss) carried forward +€40,375
no longer reported in 2025 (was -€40,375)
- Gross operating margin +€79,782
up €79,782 (+508%), from €15,713 to €95,495
- Financial charges -€38,132
down €38,132 (-93.9%), from €40,589 to €2,457
- Taxes +€9,684
up €9,684 (+3,991%), from €243 to €9,927
- Staff costs -€4,096
down €4,096 (-98.5%), from €4,157 to €62
- Depreciation +€3,867
up €3,867 (+22.8%), from €16,930 to €20,798
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 | €417,578 | €492,928 | +€75,350 | +18.0% |
| Fixed assets | 21/28 | €37,778 | €55,542 | +€17,764 | +47.0% |
| Tangible fixed assets | 22/27 | €36,980 | €54,744 | +€17,764 | +48.0% |
| Plant, machinery and equipment | 23 | €11,121 | €9,172 | -€1,949 | -17.5% |
| Furniture and vehicles | 24 | €10,989 | €35,672 | +€24,683 | +225% |
| Other tangible fixed assets | 26 | €14,871 | €9,900 | -€4,971 | -33.4% |
| Financial fixed assets | 28 | €798 | €798 | = | 0.0% |
| Current assets | 29/58 | €379,800 | €437,386 | +€57,586 | +15.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,550 | €179,864 | +€178,314 | +11,504% |
| Stocks | 30/36 | €1,550 | €131,582 | +€130,032 | +8,389% |
| Contracts in progress | 37 | - | €48,282 | +€48,282 | |
| Amounts receivable within one year | 40/41 | €52,907 | €191,398 | +€138,490 | +262% |
| Trade receivables | 40 | €42,375 | €79,036 | +€36,660 | +86.5% |
| Other amounts receivable | 41 | €10,532 | €112,362 | +€101,830 | +967% |
| Cash at bank and in hand | 54/58 | €303,928 | €44,449 | -€259,479 | -85.4% |
| Deferred charges and accrued income | 490/1 | €11,414 | €11,675 | +€261 | +2.3% |
| Total equity and liabilities | 10/49 | €417,578 | €492,928 | +€75,350 | +18.0% |
| Equity | 10/15 | €206,924 | €261,972 | +€55,049 | +26.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €234,799 | €249,472 | +€14,673 | +6.2% |
| Non-distributable reserves | 130/1 | €11,450 | €11,450 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,450 | €11,450 | = | 0.0% |
| Distributable reserves | 133 | €223,349 | €238,022 | +€14,673 | +6.6% |
| Profit (loss) carried forward | 14 | -€40,375 | - | +€40,375 | |
| Amounts payable | 17/49 | €210,654 | €230,955 | +€20,301 | +9.6% |
| Amounts payable after more than one year | 17 | €7,165 | €111,485 | +€104,320 | +1,456% |
| Financial debts | 170/4 | €7,165 | €111,485 | +€104,320 | +1,456% |
| Amounts payable within one year | 42/48 | €203,489 | €119,368 | -€84,121 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €16,973 | €7,165 | -€9,808 | -57.8% |
| Financial debts | 43 | - | €25,216 | +€25,216 | |
| Credit institutions | 430/8 | - | €25,216 | +€25,216 | |
| Trade debts | 44 | €19,960 | €83,921 | +€63,961 | +320% |
| Suppliers | 440/4 | €19,960 | €83,921 | +€63,961 | +320% |
| Taxes, remuneration and social security | 45 | €119,615 | €3,066 | -€116,550 | -97.4% |
| Taxes | 450/3 | €110,616 | €551 | -€110,066 | -99.5% |
| Remuneration and social security | 454/9 | €8,999 | €2,515 | -€6,484 | -72.1% |
| Other amounts payable | 47/48 | €46,940 | - | -€46,940 | |
| Accrued charges and deferred income | 492/3 | - | €102 | +€102 | |
| Remuneration, social security and pensions | 62 | €4,157 | €62 | -€4,096 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,930 | €20,798 | +€3,867 | +22.8% |
| Other operating charges | 640/8 | €5,573 | €8,248 | +€2,675 | +48.0% |
| Gross operating margin | 9900 | €15,713 | €95,495 | +€79,782 | +508% |
| Operating profit (loss) | 9901 | -€10,947 | €66,389 | +€77,335 | |
| Financial income | 75/76B | €1,161 | €1,044 | -€117 | -10.1% |
| Recurring financial income | 75 | €1,161 | €1,044 | -€117 | -10.1% |
| Financial charges | 65/66B | €40,589 | €2,457 | -€38,132 | -93.9% |
| Recurring financial charges | 65 | €40,589 | €2,457 | -€38,132 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,376 | €64,975 | +€115,351 | |
| Income taxes | 67/77 | €243 | €9,927 | +€9,684 | +3,991% |
| Profit (loss) for the period | 9904 | -€50,618 | €55,049 | +€105,667 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,618 | €55,049 | +€105,667 |
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.