VANDAMM: 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.
VANDAMM
Largest movements
- Receivables within one year +€73,796
up €73,796 (+85.4%), from €86,424 to €160,220
of which Trade receivables: +€52,790
- Tangible fixed assets -€22,908
down €22,908 (-10.8%), from €212,628 to €189,720
of which Other tangible fixed assets: -€17,079
- Cash -€19,098
down €19,098 (-65.9%), from €28,970 to €9,872
mainly Receivables within one year (-€73,796) and Contributions, distributions and other (-€42,000)
- Other debts +€56,538
up €56,538 (+1,806%), from €3,130 to €59,668
- Tax, wage and social debts +€16,055
up €16,055 (+126%), from €12,718 to €28,773
- Reserves -€15,652
down €15,652 (-7.8%), from €199,840 to €184,188
of which Distributable reserves: -€15,652
- Trade debts -€10,402
down €10,402 (-32.7%), from €31,854 to €21,452
- Debts after one year -€8,000
down €8,000 (-5.1%), from €157,058 to €149,058
- Gross operating margin +€15,967
up €15,967 (+23.5%), from €68,003 to €83,969
- Taxes +€11,855
up €11,855 (+359%), from €3,304 to €15,159
- Other operating charges +€11,700
up €11,700 (+317%), from €3,689 to €15,388
- Financial charges +€1,469
up €1,469 (+18.9%), from €7,777 to €9,246
- Financial income +€984
up €984 (+20.2%), from €4,867 to €5,850
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 | €427,750 | €459,515 | +€31,765 | +7.4% |
| Fixed assets | 21/28 | €212,877 | €189,854 | -€23,023 | -10.8% |
| Intangible fixed assets | 21 | €249 | €134 | -€115 | -46.2% |
| Tangible fixed assets | 22/27 | €212,628 | €189,720 | -€22,908 | -10.8% |
| Land and buildings | 22 | €165,391 | €161,079 | -€4,312 | -2.6% |
| Plant, machinery and equipment | 23 | €477 | €830 | +€353 | +73.8% |
| Furniture and vehicles | 24 | €6,123 | €4,254 | -€1,869 | -30.5% |
| Other tangible fixed assets | 26 | €40,636 | €23,557 | -€17,079 | -42.0% |
| Current assets | 29/58 | €214,873 | €269,661 | +€54,788 | +25.5% |
| Amounts receivable after more than one year | 29 | €98,000 | €98,000 | = | 0.0% |
| Other amounts receivable | 291 | €98,000 | €98,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,424 | €160,220 | +€73,796 | +85.4% |
| Trade receivables | 40 | €74,260 | €127,050 | +€52,790 | +71.1% |
| Other amounts receivable | 41 | €12,164 | €33,170 | +€21,006 | +173% |
| Cash at bank and in hand | 54/58 | €28,970 | €9,872 | -€19,098 | -65.9% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,569 | +€90 | +6.1% |
| Total equity and liabilities | 10/49 | €427,750 | €459,515 | +€31,765 | +7.4% |
| Equity | 10/15 | €206,448 | €190,796 | -€15,652 | -7.6% |
| Contributions | 10/11 | €6,608 | €6,608 | = | 0.0% |
| Reserves | 13 | €199,840 | €184,188 | -€15,652 | -7.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €197,940 | €182,288 | -€15,652 | -7.9% |
| Amounts payable | 17/49 | €221,302 | €268,719 | +€47,417 | +21.4% |
| Amounts payable after more than one year | 17 | €157,058 | €149,058 | -€8,000 | -5.1% |
| Financial debts | 170/4 | €157,058 | €149,058 | -€8,000 | -5.1% |
| Amounts payable within one year | 42/48 | €64,244 | €119,661 | +€55,417 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €16,542 | €9,768 | -€6,774 | -41.0% |
| Trade debts | 44 | €31,854 | €21,452 | -€10,402 | -32.7% |
| Suppliers | 440/4 | €31,854 | €21,452 | -€10,402 | -32.7% |
| Taxes, remuneration and social security | 45 | €12,718 | €28,773 | +€16,055 | +126% |
| Taxes | 450/3 | €12,718 | €28,773 | +€16,055 | +126% |
| Other amounts payable | 47/48 | €3,130 | €59,668 | +€56,538 | +1,806% |
| Non-recurring operating income | 76A | - | €18,863 | +€18,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,353 | €23,678 | -€675 | -2.8% |
| Other operating charges | 640/8 | €3,689 | €15,388 | +€11,700 | +317% |
| Gross operating margin | 9900 | €68,003 | €83,969 | +€15,967 | +23.5% |
| Operating profit (loss) | 9901 | €39,961 | €44,903 | +€4,941 | +12.4% |
| Financial income | 75/76B | €4,867 | €5,850 | +€984 | +20.2% |
| Recurring financial income | 75 | €4,867 | €5,850 | +€984 | +20.2% |
| Financial charges | 65/66B | €7,777 | €9,246 | +€1,469 | +18.9% |
| Recurring financial charges | 65 | €7,777 | €9,246 | +€1,469 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €37,051 | €41,507 | +€4,456 | +12.0% |
| Income taxes | 67/77 | €3,304 | €15,159 | +€11,855 | +359% |
| Profit (loss) for the period | 9904 | €33,747 | €26,348 | -€7,399 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,747 | €26,348 | -€7,399 | -21.9% |
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 25 October 2026 via checked.be.