VANDAELE-COMMEINE: 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.
VANDAELE-COMMEINE
Largest movements
- Current investments +€25,000
up €25,000 (+100%), from €25,000 to €50,000
- Cash +€15,026
up €15,026 (+41.8%), from €35,986 to €51,012
mainly Other debts (+€38,807) and Net result for the year (+€30,219)
- Tangible fixed assets -€6,846
down €6,846 (-28.3%), from €24,175 to €17,329
of which Furniture and vehicles: -€3,424
- Other debts +€38,807
up €38,807 (+12,127%), from €320 to €39,127
- Reserves -€8,909
down €8,909 (-10.9%), from €81,470 to €72,561
- Trade debts +€3,712
up €3,712 (+169%), from €2,190 to €5,902
- Gross operating margin +€19,778
up €19,778 (+59.7%), from €33,153 to €52,931
- Taxes +€8,038
up €8,038 (+106%), from €7,612 to €15,650
- Depreciation -€1,443
down €1,443 (-17.4%), from €8,289 to €6,846
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 | €103,524 | €136,403 | +€32,879 | +31.8% |
| Fixed assets | 21/28 | €24,175 | €17,329 | -€6,846 | -28.3% |
| Tangible fixed assets | 22/27 | €24,175 | €17,329 | -€6,846 | -28.3% |
| Land and buildings | 22 | €19,069 | €16,382 | -€2,687 | -14.1% |
| Plant, machinery and equipment | 23 | €735 | - | -€735 | |
| Furniture and vehicles | 24 | €4,371 | €947 | -€3,424 | -78.3% |
| Current assets | 29/58 | €79,349 | €119,074 | +€39,725 | +50.1% |
| Amounts receivable within one year | 40/41 | €12,055 | €12,214 | +€159 | +1.3% |
| Trade receivables | 40 | €12,055 | €10,176 | -€1,879 | -15.6% |
| Other amounts receivable | 41 | - | €2,038 | +€2,038 | |
| Current investments | 50/53 | €25,000 | €50,000 | +€25,000 | +100% |
| Cash at bank and in hand | 54/58 | €35,986 | €51,012 | +€15,026 | +41.8% |
| Deferred charges and accrued income | 490/1 | €6,308 | €5,848 | -€460 | -7.3% |
| Total equity and liabilities | 10/49 | €103,524 | €136,403 | +€32,879 | +31.8% |
| Equity | 10/15 | €92,497 | €83,000 | -€9,497 | -10.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €81,470 | €72,561 | -€8,909 | -10.9% |
| Distributable reserves | 133 | €81,470 | €72,561 | -€8,909 | -10.9% |
| Profit (loss) carried forward | 14 | €4,242 | €4,242 | = | 0.0% |
| Investment grants | 15 | €588 | - | -€588 | |
| Amounts payable | 17/49 | €11,027 | €53,403 | +€42,376 | +384% |
| Amounts payable within one year | 42/48 | €11,027 | €53,403 | +€42,376 | +384% |
| Trade debts | 44 | €2,190 | €5,902 | +€3,712 | +169% |
| Suppliers | 440/4 | €2,190 | €5,902 | +€3,712 | +169% |
| Taxes, remuneration and social security | 45 | €8,517 | €8,374 | -€143 | -1.7% |
| Taxes | 450/3 | €8,517 | €8,374 | -€143 | -1.7% |
| Other amounts payable | 47/48 | €320 | €39,127 | +€38,807 | +12,127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,289 | €6,846 | -€1,443 | -17.4% |
| Other operating charges | 640/8 | €1,426 | €1,438 | +€12 | +0.8% |
| Gross operating margin | 9900 | €33,153 | €52,931 | +€19,778 | +59.7% |
| Operating profit (loss) | 9901 | €23,438 | €44,647 | +€21,209 | +90.5% |
| Financial income | 75/76B | €1,720 | €1,571 | -€149 | -8.7% |
| Recurring financial income | 75 | €1,720 | €1,571 | -€149 | -8.7% |
| Financial charges | 65/66B | €735 | €349 | -€386 | -52.5% |
| Recurring financial charges | 65 | €735 | €349 | -€386 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €24,423 | €45,869 | +€21,446 | +87.8% |
| Income taxes | 67/77 | €7,612 | €15,650 | +€8,038 | +106% |
| Profit (loss) for the period | 9904 | €16,811 | €30,219 | +€13,408 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,811 | €30,219 | +€13,408 | +79.8% |
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 31 October 2026 via checked.be.