VANDE VELDE THOMAS: 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 VELDE THOMAS
Largest movements
- Receivables within one year +€18,182
up €18,182 (+2,465%), from €738 to €18,920
of which Trade receivables: +€18,920
- Tangible fixed assets -€16,484
down €16,484 (-14.2%), from €116,048 to €99,564
of which Furniture and vehicles: -€21,192
- Cash -€13,325
down €13,325 (-88.8%), from €15,009 to €1,684
mainly Debts after one year (-€36,189) and Receivables within one year (-€18,182)
- Debts after one year -€36,189
down €36,189 (-59.3%), from €61,039 to €24,850
- Tax, wage and social debts +€12,691
up €12,691 (+309%), from €4,110 to €16,800
- Reserves +€7,783
up €7,783 (+45.4%), from €17,159 to €24,942
- Trade debts +€6,692
up €6,692 (+138%), from €4,860 to €11,552
- Other debts -€3,867
down €3,867 (-82.3%), from €4,702 to €834
- Depreciation +€17,548
up €17,548 (+197%), from €8,889 to €26,437
- Gross operating margin +€15,633
up €15,633 (+57.8%), from €27,030 to €42,663
- Financial charges +€1,499
up €1,499 (+100%), from €1,495 to €2,994
- Other operating charges -€538
down €538 (-27.2%), from €1,980 to €1,442
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 | €131,795 | €120,167 | -€11,627 | -8.8% |
| Fixed assets | 21/28 | €116,048 | €99,564 | -€16,484 | -14.2% |
| Tangible fixed assets | 22/27 | €116,048 | €99,564 | -€16,484 | -14.2% |
| Land and buildings | 22 | €5,873 | €9,020 | +€3,146 | +53.6% |
| Plant, machinery and equipment | 23 | - | €1,562 | +€1,562 | |
| Furniture and vehicles | 24 | €110,175 | €88,982 | -€21,192 | -19.2% |
| Current assets | 29/58 | €15,746 | €20,603 | +€4,857 | +30.8% |
| Amounts receivable within one year | 40/41 | €738 | €18,920 | +€18,182 | +2,465% |
| Trade receivables | 40 | €0 | €18,920 | +€18,920 | |
| Other amounts receivable | 41 | €738 | €0 | -€738 | -100% |
| Cash at bank and in hand | 54/58 | €15,009 | €1,684 | -€13,325 | -88.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €131,795 | €120,167 | -€11,627 | -8.8% |
| Equity | 10/15 | €22,159 | €29,942 | +€7,783 | +35.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,159 | €24,942 | +€7,783 | +45.4% |
| Distributable reserves | 133 | €17,159 | €24,942 | +€7,783 | +45.4% |
| Amounts payable | 17/49 | €109,636 | €90,226 | -€19,410 | -17.7% |
| Amounts payable after more than one year | 17 | €61,039 | €24,850 | -€36,189 | -59.3% |
| Financial debts | 170/4 | €61,039 | €24,850 | -€36,189 | -59.3% |
| Amounts payable within one year | 42/48 | €48,597 | €65,376 | +€16,779 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €34,925 | €36,189 | +€1,263 | +3.6% |
| Trade debts | 44 | €4,860 | €11,552 | +€6,692 | +138% |
| Suppliers | 440/4 | €4,860 | €11,552 | +€6,692 | +138% |
| Taxes, remuneration and social security | 45 | €4,110 | €16,800 | +€12,691 | +309% |
| Taxes | 450/3 | €4,110 | €16,800 | +€12,691 | +309% |
| Other amounts payable | 47/48 | €4,702 | €834 | -€3,867 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,889 | €26,437 | +€17,548 | +197% |
| Other operating charges | 640/8 | €1,980 | €1,442 | -€538 | -27.2% |
| Gross operating margin | 9900 | €27,030 | €42,663 | +€15,633 | +57.8% |
| Operating profit (loss) | 9901 | €16,162 | €14,784 | -€1,378 | -8.5% |
| Financial income | 75/76B | €30 | €4 | -€27 | -88.1% |
| Recurring financial income | 75 | €30 | €4 | -€27 | -88.1% |
| Financial charges | 65/66B | €1,495 | €2,994 | +€1,499 | +100% |
| Recurring financial charges | 65 | €1,495 | €2,994 | +€1,499 | +100% |
| Profit (loss) for the period before taxes | 9903 | €14,697 | €11,794 | -€2,904 | -19.8% |
| Income taxes | 67/77 | €4,110 | €4,011 | -€99 | -2.4% |
| Profit (loss) for the period | 9904 | €10,588 | €7,783 | -€2,805 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,588 | €7,783 | -€2,805 | -26.5% |
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.