Vandamme: what changed
What changed
Vandamme
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€124,518
2024 · €45,378+€79,140
Equity
€1.0m
2024 · €901,769+€124,518
Cash
€53,930
2024 · €41,172+€12,758
Balance sheet total
€4.9m
2024 · €3.4m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+36.0%), from €3.2m to €4.3m
of which Land and buildings: +€1.0m
- Receivables within one year +€368,735
up €368,735 (+289%), from €127,632 to €496,368
of which Other amounts receivable: +€326,553
Equity and liabilities
- Debts after one year +€1.0m
up €1.0m (+53.4%), from €2.0m to €3.0m
- Trade debts +€389,724
up €389,724 (+453%), from €86,070 to €475,794
- Other debts -€172,082
down €172,082 (-97.5%), from €176,475 to €4,393
- Current portion of long-term debt +€143,657
up €143,657 (+57.6%), from €249,471 to €393,129
- Reserves +€124,518
up €124,518 (+14.4%), from €864,569 to €989,086
of which Distributable reserves: +€124,518
Income statement
- Gross operating margin +€166,067
up €166,067 (+45.9%), from €361,466 to €527,533
- Other operating charges +€77,413
up €77,413 (+161%), from €47,969 to €125,382
- Depreciation +€13,031
up €13,031 (+7.4%), from €175,263 to €188,294
- Financial charges +€8,660
up €8,660 (+13.3%), from €65,013 to €73,672
- Taxes -€6,125
down €6,125 (-24.2%), from €25,363 to €19,238
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.
Result 2024
€45,378
Gross operating margin
+€166,067
Staff costs
+€80
Depreciation
-€13,031
Other operating charges
-€77,413
Financial income
+€5,971
Financial charges
-€8,660
Taxes
+€6,125
Result 2025
€124,518
raises the resultlowers the result
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.
From operations
+€164,416
Investment
-€1.3m
Financing
+€1.2m
Cash 2024
€41,172
From operations (derived)
+€164,416
Net result for the year
+€124,518
Depreciation
+€188,294
Receivables within one year
-€368,735
Deferred charges and accrued income
-€3,649
Trade debts
+€389,724
Tax, wage and social debts
+€10,452
Other debts
-€172,082
Accrued charges and deferred income
-€4,107
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€1.2m
Debts after one year
+€1.0m
Current portion of long-term debt
+€143,657
Cash 2025
€53,930
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,377,746 | €4,911,222 | +€1.5m | +45.4% |
| Formation expenses | 20 | €10,907 | €10,907 | = | 0.0% |
| Fixed assets | 21/28 | €3,193,021 | €4,341,355 | +€1.1m | +36.0% |
| Tangible fixed assets | 22/27 | €3,193,021 | €4,341,355 | +€1.1m | +36.0% |
| Land and buildings | 22 | €2,836,681 | €3,883,700 | +€1.0m | +36.9% |
| Plant, machinery and equipment | 23 | €24,756 | €16,967 | -€7,789 | -31.5% |
| Furniture and vehicles | 24 | €131,358 | €106,267 | -€25,092 | -19.1% |
| Leasing and similar rights | 25 | - | €154,892 | +€154,892 | |
| Other tangible fixed assets | 26 | €200,225 | €179,530 | -€20,695 | -10.3% |
| Current assets | 29/58 | €173,818 | €558,960 | +€385,142 | +222% |
| Amounts receivable after more than one year | 29 | €1,485 | €1,485 | = | 0.0% |
| Other amounts receivable | 291 | €1,485 | €1,485 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €127,632 | €496,368 | +€368,735 | +289% |
| Trade receivables | 40 | €123,327 | €165,509 | +€42,182 | +34.2% |
| Other amounts receivable | 41 | €4,305 | €330,859 | +€326,553 | +7,585% |
| Cash at bank and in hand | 54/58 | €41,172 | €53,930 | +€12,758 | +31.0% |
| Deferred charges and accrued income | 490/1 | €3,528 | €7,177 | +€3,649 | +103% |
| Total equity and liabilities | 10/49 | €3,377,746 | €4,911,222 | +€1.5m | +45.4% |
| Equity | 10/15 | €901,769 | €1,026,286 | +€124,518 | +13.8% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €864,569 | €989,086 | +€124,518 | +14.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €236,875 | €236,875 | = | 0.0% |
| Distributable reserves | 133 | €627,694 | €752,211 | +€124,518 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,475,977 | €3,884,936 | +€1.4m | +56.9% |
| Amounts payable after more than one year | 17 | €1,950,735 | €2,992,049 | +€1.0m | +53.4% |
| Financial debts | 170/4 | €1,950,735 | €2,992,049 | +€1.0m | +53.4% |
| Amounts payable within one year | 42/48 | €521,135 | €892,887 | +€371,752 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €249,471 | €393,129 | +€143,657 | +57.6% |
| Trade debts | 44 | €86,070 | €475,794 | +€389,724 | +453% |
| Suppliers | 440/4 | €86,070 | €475,794 | +€389,724 | +453% |
| Advances received on contracts in progress | 46 | €2,390 | €2,390 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,729 | €17,181 | +€10,452 | +155% |
| Taxes | 450/3 | €6,729 | €17,181 | +€10,452 | +155% |
| Other amounts payable | 47/48 | €176,475 | €4,393 | -€172,082 | -97.5% |
| Accrued charges and deferred income | 492/3 | €4,107 | €0 | -€4,107 | -100% |
| Remuneration, social security and pensions | 62 | €2,480 | €2,400 | -€80 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,263 | €188,294 | +€13,031 | +7.4% |
| Other operating charges | 640/8 | €47,969 | €125,382 | +€77,413 | +161% |
| Gross operating margin | 9900 | €361,466 | €527,533 | +€166,067 | +45.9% |
| Operating profit (loss) | 9901 | €135,754 | €211,457 | +€75,703 | +55.8% |
| Financial income | 75/76B | €0 | €5,971 | +€5,971 | |
| Recurring financial income | 75 | €0 | €5,971 | +€5,971 | |
| Non-recurring financial income | 76B | - | €5,971 | +€5,971 | |
| Financial charges | 65/66B | €65,013 | €73,672 | +€8,660 | +13.3% |
| Recurring financial charges | 65 | €65,013 | €73,672 | +€8,660 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €70,741 | €143,756 | +€73,015 | +103% |
| Income taxes | 67/77 | €25,363 | €19,238 | -€6,125 | -24.2% |
| Profit (loss) for the period | 9904 | €45,378 | €124,518 | +€79,140 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €45,378 | €124,518 | +€79,140 | +174% |
Next steps
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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 8 November 2026 via checked.be.