VANDECANDELAERE: 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.
VANDECANDELAERE
Largest movements
- Cash +€478,434
up €478,434 (+117%), from €410,637 to €889,071
mainly Current investments (+€361,614) and Net result for the year (+€265,671)
- Current investments -€361,614
down €361,614 (-26.8%), from €1.4m to €989,990
- Tangible fixed assets -€27,745
down €27,745 (-44.4%), from €62,517 to €34,772
of which Furniture and vehicles: -€25,570
- Deferred charges and accrued income -€24,752
down €24,752 (-10.5%), from €234,994 to €210,242
- Reserves +€91,681
up €91,681 (+4.6%), from €2.0m to €2.1m
of which Distributable reserves: +€91,681
- Tax, wage and social debts -€51,888
down €51,888 (-76.3%), from €68,016 to €16,129
of which Taxes: -€51,888
- Financial charges +€64,844
up €64,844, from -€10,307 to €54,537
- Gross operating margin -€39,363
down €39,363 (-8.7%), from €453,022 to €413,659
- Taxes -€19,669
down €19,669 (-13.3%), from €147,538 to €127,869
- Financial income +€17,782
up €17,782 (+38.9%), from €45,713 to €63,495
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 | €2,142,749 | €2,223,097 | +€80,347 | +3.7% |
| Fixed assets | 21/28 | €62,517 | €34,772 | -€27,745 | -44.4% |
| Tangible fixed assets | 22/27 | €62,517 | €34,772 | -€27,745 | -44.4% |
| Plant, machinery and equipment | 23 | €2,190 | €1,413 | -€778 | -35.5% |
| Furniture and vehicles | 24 | €51,123 | €25,553 | -€25,570 | -50.0% |
| Other tangible fixed assets | 26 | €9,203 | €7,806 | -€1,397 | -15.2% |
| Current assets | 29/58 | €2,080,233 | €2,188,325 | +€108,092 | +5.2% |
| Amounts receivable within one year | 40/41 | €82,997 | €99,022 | +€16,025 | +19.3% |
| Trade receivables | 40 | €7,997 | €24,022 | +€16,025 | +200% |
| Other amounts receivable | 41 | €75,000 | €75,000 | = | 0.0% |
| Current investments | 50/53 | €1,351,604 | €989,990 | -€361,614 | -26.8% |
| Cash at bank and in hand | 54/58 | €410,637 | €889,071 | +€478,434 | +117% |
| Deferred charges and accrued income | 490/1 | €234,994 | €210,242 | -€24,752 | -10.5% |
| Total equity and liabilities | 10/49 | €2,142,749 | €2,223,097 | +€80,347 | +3.7% |
| Equity | 10/15 | €2,014,585 | €2,106,266 | +€91,681 | +4.6% |
| Contributions | 10/11 | €19,250 | €19,250 | = | 0.0% |
| Reserves | 13 | €1,995,335 | €2,087,016 | +€91,681 | +4.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,995,335 | €2,087,016 | +€91,681 | +4.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €24,899 | €24,899 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,899 | €24,899 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,899 | €24,899 | = | 0.0% |
| Amounts payable | 17/49 | €103,265 | €91,932 | -€11,333 | -11.0% |
| Amounts payable within one year | 42/48 | €100,597 | €74,622 | -€25,975 | -25.8% |
| Trade debts | 44 | €447 | €4,508 | +€4,061 | +908% |
| Suppliers | 440/4 | €447 | €4,508 | +€4,061 | +908% |
| Taxes, remuneration and social security | 45 | €68,016 | €16,129 | -€51,888 | -76.3% |
| Taxes | 450/3 | €67,856 | €15,969 | -€51,888 | -76.5% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €32,133 | €53,985 | +€21,852 | +68.0% |
| Accrued charges and deferred income | 492/3 | €2,669 | €17,310 | +€14,641 | +549% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,603 | €27,745 | +€142 | +0.5% |
| Other operating charges | 640/8 | €1,281 | €1,332 | +€50 | +3.9% |
| Gross operating margin | 9900 | €453,022 | €413,659 | -€39,363 | -8.7% |
| Operating profit (loss) | 9901 | €424,138 | €384,582 | -€39,556 | -9.3% |
| Financial income | 75/76B | €45,713 | €63,495 | +€17,782 | +38.9% |
| Recurring financial income | 75 | €45,713 | €63,495 | +€17,782 | +38.9% |
| Financial charges | 65/66B | -€10,307 | €54,537 | +€64,844 | |
| Recurring financial charges | 65 | -€10,307 | €54,537 | +€64,844 | |
| Profit (loss) for the period before taxes | 9903 | €480,158 | €393,540 | -€86,618 | -18.0% |
| Income taxes | 67/77 | €147,538 | €127,869 | -€19,669 | -13.3% |
| Profit (loss) for the period | 9904 | €332,620 | €265,671 | -€66,949 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €332,620 | €265,671 | -€66,949 | -20.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.