VANDAELE & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year +€12,082
up €12,082 (+22.3%), from €54,265 to €66,347
- Deferred charges and accrued income +€2,067
up €2,067 (+111%), from €1,861 to €3,928
- Profit (loss) carried forward +€23,915
up €23,915 (+18.7%), from -€127,545 to -€103,631
- Tax, wage and social debts -€7,628
down €7,628 (-17.2%), from €44,223 to €36,595
of which Taxes: -€27,381
- Other debts -€5,876
down €5,876 (-11.9%), from €49,273 to €43,397
- Short-term financial debts +€2,622
up €2,622 (+7.0%), from €37,374 to €39,996
- Turnover -€135,854
no longer reported in 2025 (was €135,854)
- Purchases and services -€51,280
no longer reported in 2025 (was €51,280)
- Gross operating margin +€9,461
up €9,461 (+10.8%), from €87,547 to €97,008
- Financial charges +€6,238
up €6,238 (+68.8%), from €9,069 to €15,306
- Other operating charges -€2,498
down €2,498 (-54.9%), from €4,547 to €2,049
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,184 | €80,254 | +€14,070 | +21.3% |
| Fixed assets | 21/28 | €10,059 | €9,979 | -€80 | -0.8% |
| Tangible fixed assets | 22/27 | €80 | - | -€80 | |
| Furniture and vehicles | 24 | €80 | - | -€80 | |
| Financial fixed assets | 28 | €9,979 | €9,979 | = | 0.0% |
| Current assets | 29/58 | €56,126 | €70,275 | +€14,150 | +25.2% |
| Amounts receivable within one year | 40/41 | €54,265 | €66,347 | +€12,082 | +22.3% |
| Trade receivables | 40 | €54,265 | €66,347 | +€12,082 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,861 | €3,928 | +€2,067 | +111% |
| Total equity and liabilities | 10/49 | €66,184 | €80,254 | +€14,070 | +21.3% |
| Equity | 10/15 | -€100,045 | -€76,131 | +€23,915 | +23.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,545 | -€103,631 | +€23,915 | +18.7% |
| Amounts payable | 17/49 | €166,230 | €156,385 | -€9,845 | -5.9% |
| Amounts payable within one year | 42/48 | €165,732 | €155,585 | -€10,147 | -6.1% |
| Financial debts | 43 | €37,374 | €39,996 | +€2,622 | +7.0% |
| Credit institutions | 430/8 | €37,374 | €39,996 | +€2,622 | +7.0% |
| Trade debts | 44 | €34,862 | €35,597 | +€735 | +2.1% |
| Suppliers | 440/4 | €34,862 | €35,597 | +€735 | +2.1% |
| Taxes, remuneration and social security | 45 | €44,223 | €36,595 | -€7,628 | -17.2% |
| Taxes | 450/3 | €29,220 | €1,839 | -€27,381 | -93.7% |
| Remuneration and social security | 454/9 | €15,002 | €34,756 | +€19,753 | +132% |
| Other amounts payable | 47/48 | €49,273 | €43,397 | -€5,876 | -11.9% |
| Accrued charges and deferred income | 492/3 | €498 | €800 | +€302 | +60.7% |
| Turnover | 70 | €135,854 | - | -€135,854 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,280 | - | -€51,280 | |
| Remuneration, social security and pensions | 62 | €56,844 | €55,611 | -€1,234 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89 | €80 | -€9 | -9.9% |
| Other operating charges | 640/8 | €4,547 | €2,049 | -€2,498 | -54.9% |
| Non-recurring operating charges | 66A | - | €47 | +€47 | |
| Gross operating margin | 9900 | €87,547 | €97,008 | +€9,461 | +10.8% |
| Operating profit (loss) | 9901 | €26,067 | €39,221 | +€13,154 | +50.5% |
| Financial income | 75/76B | €9 | €0 | -€9 | -97.5% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -97.5% |
| Financial charges | 65/66B | €9,069 | €15,306 | +€6,238 | +68.8% |
| Recurring financial charges | 65 | €9,069 | €15,306 | +€6,238 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €17,008 | €23,915 | +€6,907 | +40.6% |
| Profit (loss) for the period | 9904 | €17,008 | €23,915 | +€6,907 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,008 | €23,915 | +€6,907 | +40.6% |
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 30 October 2026 via checked.be.