PAUL & KOEN VANDERROOST: what changed
PAUL & KOEN VANDERROOST
Largest movements
- Tangible fixed assets -€92,785
down €92,785 (-28.6%), from €324,826 to €232,041
of which Plant, machinery and equipment: -€88,557
- Intangible fixed assets -€50,000
down €50,000 (-12.5%), from €400,000 to €350,000
- Stocks and contracts +€41,278
up €41,278 (+32.0%), from €129,133 to €170,411
- Receivables within one year +€34,611
up €34,611 (+16.4%), from €210,863 to €245,474
of which Trade receivables: +€34,611
- Cash +€13,766
up €13,766 (+11.7%), from €117,493 to €131,259
mainly Depreciation (+€142,785) and Net result for the year (+€132,533)
- Debts after one year -€134,000
down €134,000 (-17.6%), from €763,192 to €629,192
- Reserves +€132,533
up €132,533 (+46.4%), from €285,701 to €418,234
of which Distributable reserves: +€132,533
- Trade debts -€44,800
down €44,800 (-94.4%), from €47,450 to €2,651
- Tax, wage and social debts -€26,926
down €26,926 (-76.4%), from €35,259 to €8,333
- Accrued charges and deferred income +€12,949
up €12,949 (+612%), from €2,115 to €15,064
- Gross operating margin +€5,402
up €5,402 (+1.7%), from €317,159 to €322,561
- Financial charges -€3,438
down €3,438 (-25.7%), from €13,374 to €9,935
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 | €1,239,511 | €1,190,903 | -€48,609 | -3.9% |
| Fixed assets | 21/28 | €724,826 | €582,041 | -€142,785 | -19.7% |
| Intangible fixed assets | 21 | €400,000 | €350,000 | -€50,000 | -12.5% |
| Tangible fixed assets | 22/27 | €324,826 | €232,041 | -€92,785 | -28.6% |
| Land and buildings | 22 | €2,500 | - | -€2,500 | |
| Plant, machinery and equipment | 23 | €320,598 | €232,041 | -€88,557 | -27.6% |
| Furniture and vehicles | 24 | €1,728 | - | -€1,728 | |
| Current assets | 29/58 | €514,685 | €608,862 | +€94,176 | +18.3% |
| Stocks and contracts in progress | 3 | €129,133 | €170,411 | +€41,278 | +32.0% |
| Stocks | 30/36 | €129,133 | €170,411 | +€41,278 | +32.0% |
| Amounts receivable within one year | 40/41 | €210,863 | €245,474 | +€34,611 | +16.4% |
| Trade receivables | 40 | €207,552 | €242,163 | +€34,611 | +16.7% |
| Other amounts receivable | 41 | €3,311 | €3,311 | = | 0.0% |
| Current investments | 50/53 | €57,196 | €61,718 | +€4,522 | +7.9% |
| Cash at bank and in hand | 54/58 | €117,493 | €131,259 | +€13,766 | +11.7% |
| Total equity and liabilities | 10/49 | €1,239,511 | €1,190,903 | -€48,609 | -3.9% |
| Equity | 10/15 | €305,823 | €438,355 | +€132,533 | +43.3% |
| Contributions | 10/11 | €20,122 | €20,122 | = | 0.0% |
| Reserves | 13 | €285,701 | €418,234 | +€132,533 | +46.4% |
| Non-distributable reserves | 130/1 | €2,012 | €2,012 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,012 | €2,012 | = | 0.0% |
| Distributable reserves | 133 | €283,689 | €416,222 | +€132,533 | +46.7% |
| Amounts payable | 17/49 | €933,689 | €752,547 | -€181,141 | -19.4% |
| Amounts payable after more than one year | 17 | €763,192 | €629,192 | -€134,000 | -17.6% |
| Financial debts | 170/4 | €763,192 | €629,192 | -€134,000 | -17.6% |
| Amounts payable within one year | 42/48 | €168,382 | €108,292 | -€60,090 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €59,000 | €59,000 | = | 0.0% |
| Trade debts | 44 | €47,450 | €2,651 | -€44,800 | -94.4% |
| Suppliers | 440/4 | €47,450 | €2,651 | -€44,800 | -94.4% |
| Advances received on contracts in progress | 46 | €13,165 | €24,801 | +€11,636 | +88.4% |
| Taxes, remuneration and social security | 45 | €35,259 | €8,333 | -€26,926 | -76.4% |
| Taxes | 450/3 | €35,259 | €8,333 | -€26,926 | -76.4% |
| Other amounts payable | 47/48 | €13,507 | €13,507 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,115 | €15,064 | +€12,949 | +612% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,118 | €142,785 | -€333 | -0.2% |
| Other operating charges | 640/8 | €1,950 | €2,129 | +€179 | +9.2% |
| Gross operating margin | 9900 | €317,159 | €322,561 | +€5,402 | +1.7% |
| Operating profit (loss) | 9901 | €172,091 | €177,647 | +€5,556 | +3.2% |
| Financial income | 75/76B | €5,591 | €3,172 | -€2,419 | -43.3% |
| Recurring financial income | 75 | €5,591 | €3,172 | -€2,419 | -43.3% |
| Financial charges | 65/66B | €13,374 | €9,935 | -€3,438 | -25.7% |
| Recurring financial charges | 65 | €13,374 | €9,935 | -€3,438 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €164,309 | €170,884 | +€6,576 | +4.0% |
| Income taxes | 67/77 | €36,689 | €38,352 | +€1,663 | +4.5% |
| Profit (loss) for the period | 9904 | €127,620 | €132,533 | +€4,913 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €127,620 | €132,533 | +€4,913 | +3.8% |
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 2 November 2026 via checked.be.