VANDAELE: 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.
What changed
VANDAELE
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€131,679
2024 · €6,389-€138,069
Equity
€2.1m
2024 · €2.2m-€131,679
Cash
€43,457
2024 · €103,687-€60,230
Balance sheet total
€6.3m
2024 · €6.2m+€133,028
Largest movements
Assets
- Receivables after one year +€234,456
up €234,456 (+16.8%), from €1.4m to €1.6m
Equity and liabilities
- Debts after one year +€359,169
up €359,169 (+11.4%), from €3.2m to €3.5m
of which Other amounts payable: +€447,331
- Reserves -€155,665
down €155,665 (-11.9%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€155,665
Income statement
- Gross operating margin -€148,797
down €148,797 (-39.5%), from €376,782 to €227,985
- Financial income -€84,610
down €84,610 (-53.9%), from €157,107 to €72,496
- Depreciation -€49,704
down €49,704 (-19.2%), from €259,176 to €209,472
- Taxes -€13,726
down €13,726 (-60.5%), from €22,683 to €8,957
- Financial charges +€5,360
up €5,360 (+2.5%), from €218,475 to €223,835
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.
Result 2024
€6,389
Gross operating margin
-€148,797
Depreciation
+€49,704
Other operating charges
+€2,428
Financial income
-€84,610
Financial charges
-€5,360
Taxes
+€13,726
Deferred taxes and other
+€34,841
Result 2025
-€131,679
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€229,838
Investment
-€195,457
Financing
+€365,065
Cash 2024
€103,687
From operations (derived)
-€229,838
Net result for the year
-€131,679
Depreciation
+€209,472
Receivables after one year
-€234,456
Stocks and contracts
-€8,494
Receivables within one year
+€35,677
Provisions
-€51,786
Trade debts
+€35,962
Tax, wage and social debts
-€43,074
Other debts
-€41,458
Investment (derived)
-€195,457
Investment in fixed assets (net)
-€195,457
Financing
+€365,065
Debts after one year
+€359,169
Current portion of long-term debt
+€5,896
Cash 2025
€43,457
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,187,508 | €6,320,537 | +€133,028 | +2.1% |
| Fixed assets | 21/28 | €2,848,054 | €2,834,039 | -€14,015 | -0.5% |
| Tangible fixed assets | 22/27 | €2,439,419 | €2,425,404 | -€14,015 | -0.6% |
| Land and buildings | 22 | €2,311,323 | €2,340,893 | +€29,571 | +1.3% |
| Plant, machinery and equipment | 23 | €32,860 | €16,653 | -€16,207 | -49.3% |
| Furniture and vehicles | 24 | €71,715 | €44,336 | -€27,378 | -38.2% |
| Assets under construction and advance payments | 27 | €23,522 | €23,522 | = | 0.0% |
| Financial fixed assets | 28 | €408,635 | €408,635 | = | 0.0% |
| Current assets | 29/58 | €3,339,455 | €3,486,498 | +€147,044 | +4.4% |
| Amounts receivable after more than one year | 29 | €1,395,607 | €1,630,063 | +€234,456 | +16.8% |
| Other amounts receivable | 291 | €1,395,607 | €1,630,063 | +€234,456 | +16.8% |
| Stocks and contracts in progress | 3 | €1,659,383 | €1,667,877 | +€8,494 | +0.5% |
| Stocks | 30/36 | €1,659,383 | €1,667,877 | +€8,494 | +0.5% |
| Amounts receivable within one year | 40/41 | €49,106 | €13,430 | -€35,677 | -72.7% |
| Trade receivables | 40 | €49,106 | €9,940 | -€39,167 | -79.8% |
| Other amounts receivable | 41 | - | €3,490 | +€3,490 | |
| Current investments | 50/53 | €131,671 | €131,671 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,687 | €43,457 | -€60,230 | -58.1% |
| Total equity and liabilities | 10/49 | €6,187,508 | €6,320,537 | +€133,028 | +2.1% |
| Equity | 10/15 | €2,216,153 | €2,084,474 | -€131,679 | -5.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €1,309,171 | €1,153,505 | -€155,665 | -11.9% |
| Tax-exempt reserves | 132 | €573,050 | €417,384 | -€155,665 | -27.2% |
| Distributable reserves | 133 | €736,121 | €736,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,983 | €330,969 | +€23,986 | +7.8% |
| Provisions and deferred taxes | 16 | €180,503 | €128,717 | -€51,786 | -28.7% |
| Deferred taxes | 168 | €180,503 | €128,717 | -€51,786 | -28.7% |
| Amounts payable | 17/49 | €3,790,852 | €4,107,346 | +€316,494 | +8.3% |
| Amounts payable after more than one year | 17 | €3,161,435 | €3,520,604 | +€359,169 | +11.4% |
| Financial debts | 170/4 | €936,054 | €847,892 | -€88,163 | -9.4% |
| Other amounts payable | 178/9 | €2,225,381 | €2,672,712 | +€447,331 | +20.1% |
| Amounts payable within one year | 42/48 | €629,417 | €586,742 | -€42,675 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €77,230 | €83,126 | +€5,896 | +7.6% |
| Financial debts | 43 | €164,000 | €164,000 | = | 0.0% |
| Credit institutions | 430/8 | €164,000 | €164,000 | = | 0.0% |
| Trade debts | 44 | €5,345 | €41,306 | +€35,962 | +673% |
| Suppliers | 440/4 | €5,345 | €41,306 | +€35,962 | +673% |
| Taxes, remuneration and social security | 45 | €94,731 | €51,657 | -€43,074 | -45.5% |
| Taxes | 450/3 | €94,731 | €50,438 | -€44,293 | -46.8% |
| Remuneration and social security | 454/9 | - | €1,219 | +€1,219 | |
| Other amounts payable | 47/48 | €288,111 | €246,653 | -€41,458 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,176 | €209,472 | -€49,704 | -19.2% |
| Other operating charges | 640/8 | €44,112 | €41,684 | -€2,428 | -5.5% |
| Gross operating margin | 9900 | €376,782 | €227,985 | -€148,797 | -39.5% |
| Operating profit (loss) | 9901 | €73,494 | -€23,171 | -€96,665 | |
| Financial income | 75/76B | €157,107 | €72,496 | -€84,610 | -53.9% |
| Recurring financial income | 75 | €157,107 | €72,496 | -€84,610 | -53.9% |
| Financial charges | 65/66B | €218,475 | €223,835 | +€5,360 | +2.5% |
| Recurring financial charges | 65 | €218,475 | €223,835 | +€5,360 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €12,127 | -€174,509 | -€186,635 | |
| Transfer from deferred taxes | 780 | €16,945 | €51,786 | +€34,841 | +206% |
| Income taxes | 67/77 | €22,683 | €8,957 | -€13,726 | -60.5% |
| Profit (loss) for the period | 9904 | €6,389 | -€131,679 | -€138,069 | |
| Transfer from tax-exempt reserves | 789 | €50,836 | €155,665 | +€104,829 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €57,226 | €23,986 | -€33,240 | -58.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.