KANTOOR VANDEWOUDE: what changed
KANTOOR VANDEWOUDE
Largest movements
- Tangible fixed assets -€80,501
down €80,501 (-10.0%), from €808,901 to €728,400
- Cash +€76,084
up €76,084 (+51.2%), from €148,704 to €224,788
mainly Net result for the year (+€115,080) and Depreciation (+€101,183)
- Receivables within one year +€73,693
up €73,693 (+27.0%), from €272,534 to €346,227
- Current investments -€34,927
no longer reported in 2025 (was €34,927)
- Intangible fixed assets -€20,682
down €20,682 (-19.7%), from €105,162 to €84,480
- Reserves +€115,080
up €115,080 (+18.1%), from €635,287 to €750,367
of which Distributable reserves: +€115,080
- Debts after one year -€76,449
down €76,449 (-12.5%), from €612,411 to €535,963
- Tax, wage and social debts -€16,845
no longer reported in 2025 (was €16,845)
of which Taxes: -€15,375
- Depreciation -€10,673
down €10,673 (-9.5%), from €111,856 to €101,183
- Financial charges +€6,634
up €6,634 (+60.0%), from €11,061 to €17,695
- Staff costs -€3,747
down €3,747 (-33.7%), from €11,135 to €7,388
- Gross operating margin -€3,655
down €3,655 (-1.3%), from €288,539 to €284,884
- Taxes -€3,584
down €3,584 (-7.9%), from €45,608 to €42,025
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 | €1,370,228 | €1,383,895 | +€13,667 | +1.0% |
| Fixed assets | 21/28 | €914,063 | €812,880 | -€101,183 | -11.1% |
| Intangible fixed assets | 21 | €105,162 | €84,480 | -€20,682 | -19.7% |
| Tangible fixed assets | 22/27 | €808,901 | €728,400 | -€80,501 | -10.0% |
| Land and buildings | 22 | €587,378 | €565,286 | -€22,092 | -3.8% |
| Plant, machinery and equipment | 23 | €121,547 | €96,030 | -€25,517 | -21.0% |
| Furniture and vehicles | 24 | €99,975 | €67,084 | -€32,892 | -32.9% |
| Current assets | 29/58 | €456,165 | €571,015 | +€114,850 | +25.2% |
| Amounts receivable within one year | 40/41 | €272,534 | €346,227 | +€73,693 | +27.0% |
| Other amounts receivable | 41 | €272,534 | €346,227 | +€73,693 | +27.0% |
| Current investments | 50/53 | €34,927 | - | -€34,927 | |
| Cash at bank and in hand | 54/58 | €148,704 | €224,788 | +€76,084 | +51.2% |
| Total equity and liabilities | 10/49 | €1,370,228 | €1,383,895 | +€13,667 | +1.0% |
| Equity | 10/15 | €653,887 | €768,967 | +€115,080 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €635,287 | €750,367 | +€115,080 | +18.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €616,537 | €731,617 | +€115,080 | +18.7% |
| Amounts payable | 17/49 | €716,340 | €614,928 | -€101,413 | -14.2% |
| Amounts payable after more than one year | 17 | €612,411 | €535,963 | -€76,449 | -12.5% |
| Financial debts | 170/4 | €612,411 | €535,963 | -€76,449 | -12.5% |
| Amounts payable within one year | 42/48 | €103,929 | €78,965 | -€24,964 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €75,718 | €76,449 | +€731 | +1.0% |
| Trade debts | 44 | €11,366 | €2,516 | -€8,850 | -77.9% |
| Suppliers | 440/4 | €11,366 | €2,516 | -€8,850 | -77.9% |
| Taxes, remuneration and social security | 45 | €16,845 | - | -€16,845 | |
| Taxes | 450/3 | €15,375 | - | -€15,375 | |
| Remuneration and social security | 454/9 | €1,470 | - | -€1,470 | |
| Non-recurring operating income | 76A | €12,250 | - | -€12,250 | |
| Remuneration, social security and pensions | 62 | €11,135 | €7,388 | -€3,747 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,856 | €101,183 | -€10,673 | -9.5% |
| Other operating charges | 640/8 | €3,172 | €3,406 | +€234 | +7.4% |
| Gross operating margin | 9900 | €288,539 | €284,884 | -€3,655 | -1.3% |
| Operating profit (loss) | 9901 | €162,376 | €172,907 | +€10,531 | +6.5% |
| Financial income | 75/76B | €989 | €1,893 | +€904 | +91.4% |
| Recurring financial income | 75 | €989 | €1,893 | +€904 | +91.4% |
| Financial charges | 65/66B | €11,061 | €17,695 | +€6,634 | +60.0% |
| Recurring financial charges | 65 | €11,061 | €17,695 | +€6,634 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €152,304 | €157,105 | +€4,801 | +3.2% |
| Income taxes | 67/77 | €45,608 | €42,025 | -€3,584 | -7.9% |
| Profit (loss) for the period | 9904 | €106,696 | €115,080 | +€8,385 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,696 | €115,080 | +€8,385 | +7.9% |
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 6 November 2026 via checked.be.