VANDALIMMO: what changed
Two fiscal 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.
VANDALIMMO
Largest movements
- Cash +€22,856
up €22,856 (+82.1%), from €27,843 to €50,699
mainly Depreciation (+€27,535) and Net result for the year (+€11,624)
- Tangible fixed assets -€19,032
down €19,032 (-5.8%), from €326,676 to €307,644
of which Land and buildings: -€16,846
- Current investments +€16,799
up €16,799 (+26.8%), from €62,599 to €79,398
- Reserves +€11,624
up €11,624 (+25.1%), from €46,394 to €58,017
of which Distributable reserves: +€10,990
- Other debts +€7,491
up €7,491 (+2.4%), from €307,699 to €315,190
- Financial income -€7,463
down €7,463 (-72.7%), from €10,270 to €2,807
of which Non-recurring financial income: -€10,163
- Gross operating margin +€4,591
up €4,591 (+9.7%), from €47,318 to €51,910
- Financial charges -€862
down €862 (-88.9%), from €970 to €108
- Depreciation +€617
up €617 (+2.3%), from €26,918 to €27,535
- Taxes -€582
down €582 (-9.5%), from €6,096 to €5,514
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.
Cash bridge derived
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 | €418,921 | €440,909 | +€21,988 | +5.2% |
| Formation expenses | 20 | €1,243 | €919 | -€324 | -26.1% |
| Fixed assets | 21/28 | €326,676 | €307,644 | -€19,032 | -5.8% |
| Tangible fixed assets | 22/27 | €326,676 | €307,644 | -€19,032 | -5.8% |
| Land and buildings | 22 | €318,175 | €301,328 | -€16,846 | -5.3% |
| Other tangible fixed assets | 26 | €8,501 | €6,316 | -€2,186 | -25.7% |
| Current assets | 29/58 | €91,002 | €132,347 | +€41,344 | +45.4% |
| Current investments | 50/53 | €62,599 | €79,398 | +€16,799 | +26.8% |
| Cash at bank and in hand | 54/58 | €27,843 | €50,699 | +€22,856 | +82.1% |
| Deferred charges and accrued income | 490/1 | €561 | €2,250 | +€1,689 | +301.4% |
| Total equity and liabilities | 10/49 | €418,921 | €440,909 | +€21,988 | +5.2% |
| Equity | 10/15 | €108,394 | €120,017 | +€11,624 | +10.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €46,394 | €58,017 | +€11,624 | +25.1% |
| Non-distributable reserves | 130/1 | €2,828 | €3,462 | +€634 | +22.4% |
| Legal reserve | 130 | €2,828 | €3,462 | +€634 | +22.4% |
| Distributable reserves | 133 | €43,566 | €54,556 | +€10,990 | +25.2% |
| Amounts payable | 17/49 | €310,528 | €320,892 | +€10,364 | +3.3% |
| Amounts payable within one year | 42/48 | €310,528 | €320,217 | +€9,689 | +3.1% |
| Trade debts | 44 | €728 | €377 | -€352 | -48.3% |
| Suppliers | 440/4 | €728 | €377 | -€352 | -48.3% |
| Taxes, remuneration and social security | 45 | €2,100 | €4,650 | +€2,550 | +121.4% |
| Taxes | 450/3 | €2,100 | €4,650 | +€2,550 | +121.4% |
| Other amounts payable | 47/48 | €307,699 | €315,190 | +€7,491 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €675 | +€675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,918 | €27,535 | +€617 | +2.3% |
| Other operating charges | 640/8 | €10,132 | €9,936 | -€196 | -1.9% |
| Non-recurring operating charges | 66A | €205 | - | -€205 | |
| Gross operating margin | 9900 | €47,318 | €51,910 | +€4,591 | +9.7% |
| Operating profit (loss) | 9901 | €10,064 | €14,438 | +€4,375 | +43.5% |
| Financial income | 75/76B | €10,270 | €2,807 | -€7,463 | -72.7% |
| Recurring financial income | 75 | €107 | €2,807 | +€2,700 | +2535.1% |
| Non-recurring financial income | 76B | €10,163 | - | -€10,163 | |
| Financial charges | 65/66B | €970 | €108 | -€862 | -88.9% |
| Recurring financial charges | 65 | €970 | €108 | -€862 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €19,364 | €17,137 | -€2,226 | -11.5% |
| Income taxes | 67/77 | €6,096 | €5,514 | -€582 | -9.5% |
| Profit (loss) for the period | 9904 | €13,268 | €11,624 | -€1,644 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,268 | €11,624 | -€1,644 | -12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.