VANDE MAELE: 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.
VANDE MAELE
Largest movements
- Cash +€47,004
up €47,004 (+281%), from €16,736 to €63,740
mainly Stocks and contracts (+€20,100) and Net result for the year (+€17,386)
- Stocks and contracts -€20,100
down €20,100 (-17.2%), from €116,800 to €96,700
- Tangible fixed assets -€12,245
down €12,245 (-18.7%), from €65,359 to €53,114
of which Furniture and vehicles: -€6,786
- Receivables within one year +€10,239
up €10,239 (+112%), from €9,160 to €19,399
of which Trade receivables: +€9,093
- Profit (loss) carried forward +€17,386
up €17,386 (+11.7%), from €148,484 to €165,870
- Other debts -€13,388
down €13,388 (-42.6%), from €31,462 to €18,074
- Trade debts +€9,917
up €9,917 (+140%), from €7,092 to €17,009
- Tax, wage and social debts +€5,603
up €5,603 (+135%), from €4,136 to €9,739
of which Remuneration and social security: +€6,400
- Reserves +€4,389
up €4,389 (+228%), from €1,924 to €6,313
of which Distributable reserves: +€4,389
- Turnover +€139,650
up €139,650 (+104%), from €134,044 to €273,694
- Purchases and services +€134,771
up €134,771 (+134%), from €100,654 to €235,425
- Gross operating margin +€4,879
up €4,879 (+14.6%), from €33,390 to €38,269
- Taxes -€3,000
no longer reported in 2025 (was €3,000)
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 | €211,698 | €235,605 | +€23,907 | +11.3% |
| Fixed assets | 21/28 | €65,607 | €53,362 | -€12,245 | -18.7% |
| Tangible fixed assets | 22/27 | €65,359 | €53,114 | -€12,245 | -18.7% |
| Land and buildings | 22 | €26,085 | €22,785 | -€3,300 | -12.7% |
| Plant, machinery and equipment | 23 | €12,544 | €10,385 | -€2,159 | -17.2% |
| Furniture and vehicles | 24 | €26,730 | €19,944 | -€6,786 | -25.4% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €146,091 | €182,243 | +€36,152 | +24.7% |
| Stocks and contracts in progress | 3 | €116,800 | €96,700 | -€20,100 | -17.2% |
| Stocks | 30/36 | €116,800 | €96,700 | -€20,100 | -17.2% |
| Amounts receivable within one year | 40/41 | €9,160 | €19,399 | +€10,239 | +112% |
| Trade receivables | 40 | €9,122 | €18,215 | +€9,093 | +99.7% |
| Other amounts receivable | 41 | €38 | €1,184 | +€1,146 | +3,016% |
| Cash at bank and in hand | 54/58 | €16,736 | €63,740 | +€47,004 | +281% |
| Deferred charges and accrued income | 490/1 | €3,395 | €2,404 | -€991 | -29.2% |
| Total equity and liabilities | 10/49 | €211,698 | €235,605 | +€23,907 | +11.3% |
| Equity | 10/15 | €169,008 | €190,783 | +€21,775 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,924 | €6,313 | +€4,389 | +228% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64 | €4,453 | +€4,389 | +6,858% |
| Profit (loss) carried forward | 14 | €148,484 | €165,870 | +€17,386 | +11.7% |
| Amounts payable | 17/49 | €42,690 | €44,822 | +€2,132 | +5.0% |
| Amounts payable within one year | 42/48 | €42,690 | €44,822 | +€2,132 | +5.0% |
| Trade debts | 44 | €7,092 | €17,009 | +€9,917 | +140% |
| Suppliers | 440/4 | €7,092 | €17,009 | +€9,917 | +140% |
| Taxes, remuneration and social security | 45 | €4,136 | €9,739 | +€5,603 | +135% |
| Taxes | 450/3 | €4,136 | €3,339 | -€797 | -19.3% |
| Remuneration and social security | 454/9 | - | €6,400 | +€6,400 | |
| Other amounts payable | 47/48 | €31,462 | €18,074 | -€13,388 | -42.6% |
| Turnover | 70 | €134,044 | €273,694 | +€139,650 | +104% |
| Goods, raw materials, services and sundry goods | 60/61 | €100,654 | €235,425 | +€134,771 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,441 | €16,062 | -€2,379 | -12.9% |
| Other operating charges | 640/8 | €3,696 | €3,828 | +€132 | +3.6% |
| Gross operating margin | 9900 | €33,390 | €38,269 | +€4,879 | +14.6% |
| Operating profit (loss) | 9901 | €11,253 | €18,379 | +€7,126 | +63.3% |
| Financial income | 75/76B | €40 | €60 | +€20 | +50.0% |
| Recurring financial income | 75 | €40 | €60 | +€20 | +50.0% |
| Financial charges | 65/66B | €761 | €1,053 | +€292 | +38.4% |
| Recurring financial charges | 65 | €761 | €1,053 | +€292 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €10,532 | €17,386 | +€6,854 | +65.1% |
| Income taxes | 67/77 | €3,000 | - | -€3,000 | |
| Profit (loss) for the period | 9904 | €7,532 | €17,386 | +€9,854 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €7,532 | €17,386 | +€9,854 | +131% |
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 1 November 2026 via checked.be.