VANDECASTEELE ENGINEERING: 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.
VANDECASTEELE ENGINEERING
Largest movements
- Cash -€105,106
down €105,106 (-51.2%), from €205,437 to €100,330
mainly Current investments (-€88,097) and Other debts (-€34,849)
- Current investments +€88,097
new in 2025: €88,097
- Receivables within one year -€2,606
down €2,606 (-21.3%), from €12,229 to €9,623
of which Trade receivables: -€5,544
- Other debts -€34,849
down €34,849 (-78.2%), from €44,543 to €9,693
- Reserves +€16,023
up €16,023 (+10.6%), from €151,006 to €167,029
- Gross operating margin -€12,395
down €12,395 (-32.5%), from €38,096 to €25,701
- Taxes -€2,774
down €2,774 (-25.2%), from €10,993 to €8,219
- Financial income +€580
up €580 (+11,601%), from €5 to €585
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 | €221,556 | €199,499 | -€22,057 | -10.0% |
| Fixed assets | 21/28 | €2,885 | €1,389 | -€1,496 | -51.9% |
| Tangible fixed assets | 22/27 | €2,885 | €1,389 | -€1,496 | -51.9% |
| Land and buildings | 22 | €2,778 | €1,389 | -€1,389 | -50.0% |
| Furniture and vehicles | 24 | €107 | €0 | -€107 | -100% |
| Current assets | 29/58 | €218,671 | €198,110 | -€20,561 | -9.4% |
| Amounts receivable within one year | 40/41 | €12,229 | €9,623 | -€2,606 | -21.3% |
| Trade receivables | 40 | €8,222 | €2,678 | -€5,544 | -67.4% |
| Other amounts receivable | 41 | €4,007 | €6,946 | +€2,938 | +73.3% |
| Current investments | 50/53 | - | €88,097 | +€88,097 | |
| Cash at bank and in hand | 54/58 | €205,437 | €100,330 | -€105,106 | -51.2% |
| Deferred charges and accrued income | 490/1 | €1,006 | €60 | -€946 | -94.0% |
| Total equity and liabilities | 10/49 | €221,556 | €199,499 | -€22,057 | -10.0% |
| Equity | 10/15 | €171,466 | €187,489 | +€16,023 | +9.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €151,006 | €167,029 | +€16,023 | +10.6% |
| Distributable reserves | 133 | €151,006 | €167,029 | +€16,023 | +10.6% |
| Amounts payable | 17/49 | €50,090 | €12,010 | -€38,079 | -76.0% |
| Amounts payable within one year | 42/48 | €48,715 | €11,510 | -€37,205 | -76.4% |
| Trade debts | 44 | €771 | €408 | -€363 | -47.0% |
| Suppliers | 440/4 | €771 | €408 | -€363 | -47.0% |
| Taxes, remuneration and social security | 45 | €3,401 | €1,409 | -€1,993 | -58.6% |
| Taxes | 450/3 | €3,401 | €1,409 | -€1,993 | -58.6% |
| Other amounts payable | 47/48 | €44,543 | €9,693 | -€34,849 | -78.2% |
| Accrued charges and deferred income | 492/3 | €1,375 | €500 | -€875 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,860 | €1,496 | -€365 | -19.6% |
| Other operating charges | 640/8 | €211 | €216 | +€5 | +2.2% |
| Gross operating margin | 9900 | €38,096 | €25,701 | -€12,395 | -32.5% |
| Operating profit (loss) | 9901 | €36,024 | €23,990 | -€12,035 | -33.4% |
| Financial income | 75/76B | €5 | €585 | +€580 | +11,601% |
| Recurring financial income | 75 | €5 | €585 | +€580 | +11,601% |
| Financial charges | 65/66B | €150 | €333 | +€184 | +123% |
| Recurring financial charges | 65 | €150 | €333 | +€184 | +123% |
| Profit (loss) for the period before taxes | 9903 | €35,880 | €24,241 | -€11,638 | -32.4% |
| Income taxes | 67/77 | €10,993 | €8,219 | -€2,774 | -25.2% |
| Profit (loss) for the period | 9904 | €24,887 | €16,023 | -€8,864 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,887 | €16,023 | -€8,864 | -35.6% |
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 15 October 2026 via checked.be.