S.D. 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.
S.D. VANDORMAEL
Largest movements
- Cash -€5,170
down €5,170 (-66.7%), from €7,749 to €2,579
mainly Other debts (-€8,474) and Receivables within one year (-€131)
- Other debts -€8,474
down €8,474 (-25.2%), from €33,618 to €25,144
- Trade debts +€1,611
up €1,611 (+21.1%), from €7,643 to €9,254
- Profit (loss) carried forward +€1,118
up €1,118 (+2.5%), from -€44,353 to -€43,235
- Short-term financial debts +€411
up €411 (+17.7%), from €2,322 to €2,733
- Tax, wage and social debts +€294
up €294 (+3.9%), from €7,453 to €7,747
of which Remuneration and social security: +€660
- Staff costs -€2,626
no longer reported in 2025 (was €2,626)
- Other operating charges +€1,091
up €1,091 (+58.7%), from €1,859 to €2,951
- Gross operating margin +€217
up €217 (+4.7%), from €4,655 to €4,873
- Financial income +€165
up €165 (+267%), from €62 to €226
- Financial charges -€111
down €111 (-9.7%), from €1,141 to €1,030
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 | €25,283 | €20,243 | -€5,039 | -19.9% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €25,233 | €20,193 | -€5,039 | -20.0% |
| Amounts receivable within one year | 40/41 | €17,483 | €17,614 | +€131 | +0.7% |
| Trade receivables | 40 | €17,303 | €17,434 | +€131 | +0.8% |
| Other amounts receivable | 41 | €181 | €181 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,749 | €2,579 | -€5,170 | -66.7% |
| Total equity and liabilities | 10/49 | €25,283 | €20,243 | -€5,039 | -19.9% |
| Equity | 10/15 | -€25,753 | -€24,635 | +€1,118 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,353 | -€43,235 | +€1,118 | +2.5% |
| Amounts payable | 17/49 | €51,036 | €44,878 | -€6,158 | -12.1% |
| Amounts payable within one year | 42/48 | €51,036 | €44,878 | -€6,158 | -12.1% |
| Financial debts | 43 | €2,322 | €2,733 | +€411 | +17.7% |
| Credit institutions | 430/8 | €2,322 | €2,733 | +€411 | +17.7% |
| Trade debts | 44 | €7,643 | €9,254 | +€1,611 | +21.1% |
| Suppliers | 440/4 | €7,643 | €9,254 | +€1,611 | +21.1% |
| Taxes, remuneration and social security | 45 | €7,453 | €7,747 | +€294 | +3.9% |
| Taxes | 450/3 | €965 | €598 | -€366 | -38.0% |
| Remuneration and social security | 454/9 | €6,489 | €7,149 | +€660 | +10.2% |
| Other amounts payable | 47/48 | €33,618 | €25,144 | -€8,474 | -25.2% |
| Remuneration, social security and pensions | 62 | €2,626 | - | -€2,626 | |
| Other operating charges | 640/8 | €1,859 | €2,951 | +€1,091 | +58.7% |
| Gross operating margin | 9900 | €4,655 | €4,873 | +€217 | +4.7% |
| Operating profit (loss) | 9901 | €170 | €1,922 | +€1,752 | +1,033% |
| Financial income | 75/76B | €62 | €226 | +€165 | +267% |
| Recurring financial income | 75 | €62 | €226 | +€165 | +267% |
| Financial charges | 65/66B | €1,141 | €1,030 | -€111 | -9.7% |
| Recurring financial charges | 65 | €1,141 | €1,030 | -€111 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€909 | €1,118 | +€2,028 | |
| Profit (loss) for the period | 9904 | -€909 | €1,118 | +€2,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€909 | €1,118 | +€2,028 |
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 14 October 2026 via checked.be.