VANDAELE LUTGART: what changed
VANDAELE LUTGART
Largest movements
- Receivables within one year +€43,792
up €43,792 (+68.6%), from €63,873 to €107,665
of which Trade receivables: +€44,476
- Cash +€16,580
up €16,580 (+7.2%), from €229,412 to €245,992
mainly Net result for the year (+€83,954) and Depreciation (+€5,720)
- Tangible fixed assets -€9,236
down €9,236 (-41.1%), from €22,480 to €13,244
of which Furniture and vehicles: -€8,919
- Reserves +€54,200
up €54,200 (+18.3%), from €295,900 to €350,100
- Tax, wage and social debts -€4,559
down €4,559 (-34.9%), from €13,049 to €8,490
- Gross operating margin -€27,390
down €27,390 (-17.7%), from €154,683 to €127,293
- Taxes -€7,702
down €7,702 (-18.3%), from €42,070 to €34,368
- Depreciation -€7,190
down €7,190 (-55.7%), from €12,910 to €5,720
- Financial charges +€1,717
up €1,717 (+61.2%), from €2,806 to €4,523
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 | €325,691 | €373,263 | +€47,572 | +14.6% |
| Fixed assets | 21/28 | €22,480 | €13,244 | -€9,236 | -41.1% |
| Tangible fixed assets | 22/27 | €22,480 | €13,244 | -€9,236 | -41.1% |
| Plant, machinery and equipment | 23 | €5,050 | €6,083 | +€1,033 | +20.5% |
| Furniture and vehicles | 24 | €12,929 | €4,010 | -€8,919 | -69.0% |
| Other tangible fixed assets | 26 | €4,501 | €3,151 | -€1,349 | -30.0% |
| Current assets | 29/58 | €303,211 | €360,019 | +€56,808 | +18.7% |
| Amounts receivable within one year | 40/41 | €63,873 | €107,665 | +€43,792 | +68.6% |
| Trade receivables | 40 | €31,954 | €76,431 | +€44,476 | +139% |
| Other amounts receivable | 41 | €31,919 | €31,234 | -€684 | -2.1% |
| Cash at bank and in hand | 54/58 | €229,412 | €245,992 | +€16,580 | +7.2% |
| Deferred charges and accrued income | 490/1 | €9,926 | €6,361 | -€3,564 | -35.9% |
| Total equity and liabilities | 10/49 | €325,691 | €373,263 | +€47,572 | +14.6% |
| Equity | 10/15 | €305,188 | €357,143 | +€51,954 | +17.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €295,900 | €350,100 | +€54,200 | +18.3% |
| Distributable reserves | 133 | €295,900 | €350,100 | +€54,200 | +18.3% |
| Profit (loss) carried forward | 14 | €2,289 | €43 | -€2,246 | -98.1% |
| Amounts payable | 17/49 | €20,503 | €16,120 | -€4,383 | -21.4% |
| Amounts payable within one year | 42/48 | €19,998 | €14,321 | -€5,677 | -28.4% |
| Financial debts | 43 | €2,265 | €3,375 | +€1,110 | +49.0% |
| Credit institutions | 430/8 | €2,265 | €3,375 | +€1,110 | +49.0% |
| Trade debts | 44 | €4,684 | €2,456 | -€2,228 | -47.6% |
| Suppliers | 440/4 | €4,684 | €2,456 | -€2,228 | -47.6% |
| Taxes, remuneration and social security | 45 | €13,049 | €8,490 | -€4,559 | -34.9% |
| Taxes | 450/3 | €13,049 | €8,490 | -€4,559 | -34.9% |
| Accrued charges and deferred income | 492/3 | €504 | €1,799 | +€1,295 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,910 | €5,720 | -€7,190 | -55.7% |
| Other operating charges | 640/8 | €781 | €793 | +€11 | +1.5% |
| Gross operating margin | 9900 | €154,683 | €127,293 | -€27,390 | -17.7% |
| Operating profit (loss) | 9901 | €140,992 | €120,780 | -€20,211 | -14.3% |
| Financial income | 75/76B | €2,551 | €2,065 | -€486 | -19.0% |
| Recurring financial income | 75 | €2,551 | €2,065 | -€486 | -19.0% |
| Financial charges | 65/66B | €2,806 | €4,523 | +€1,717 | +61.2% |
| Recurring financial charges | 65 | €2,806 | €4,523 | +€1,717 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €140,737 | €118,322 | -€22,415 | -15.9% |
| Income taxes | 67/77 | €42,070 | €34,368 | -€7,702 | -18.3% |
| Profit (loss) for the period | 9904 | €98,666 | €83,954 | -€14,712 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €98,666 | €83,954 | -€14,712 | -14.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.