VANDECASTEELE MARTIJN 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 MARTIJN ENGINEERING
Largest movements
- Receivables within one year +€35,376
up €35,376 (+47.3%), from €74,837 to €110,213
- Cash +€31,311
up €31,311 (+64.9%), from €48,260 to €79,571
mainly Net result for the year (+€62,565) and Tax, wage and social debts (+€4,975)
- Reserves +€62,565
up €62,565 (+78.9%), from €79,268 to €141,833
- Tax, wage and social debts +€4,975
up €4,975 (+33.1%), from €15,022 to €19,996
- Gross operating margin +€62,804
up €62,804 (+362%), from €17,363 to €80,167
- Taxes +€12,439
up €12,439 (+334%), from €3,729 to €16,168
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 | €125,563 | €193,508 | +€67,945 | +54.1% |
| Fixed assets | 21/28 | €2,467 | €2,494 | +€27 | +1.1% |
| Tangible fixed assets | 22/27 | €2,467 | €2,494 | +€27 | +1.1% |
| Furniture and vehicles | 24 | €2,467 | €2,494 | +€27 | +1.1% |
| Current assets | 29/58 | €123,097 | €191,014 | +€67,917 | +55.2% |
| Amounts receivable within one year | 40/41 | €74,837 | €110,213 | +€35,376 | +47.3% |
| Trade receivables | 40 | €74,837 | €110,213 | +€35,376 | +47.3% |
| Cash at bank and in hand | 54/58 | €48,260 | €79,571 | +€31,311 | +64.9% |
| Deferred charges and accrued income | 490/1 | - | €1,230 | +€1,230 | |
| Total equity and liabilities | 10/49 | €125,563 | €193,508 | +€67,945 | +54.1% |
| Equity | 10/15 | €80,268 | €142,833 | +€62,565 | +77.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €79,268 | €141,833 | +€62,565 | +78.9% |
| Distributable reserves | 133 | €79,268 | €141,833 | +€62,565 | +78.9% |
| Amounts payable | 17/49 | €45,295 | €50,675 | +€5,380 | +11.9% |
| Amounts payable within one year | 42/48 | €43,323 | €49,834 | +€6,511 | +15.0% |
| Trade debts | 44 | €689 | €1,013 | +€324 | +47.1% |
| Suppliers | 440/4 | €689 | €1,013 | +€324 | +47.1% |
| Taxes, remuneration and social security | 45 | €15,022 | €19,996 | +€4,975 | +33.1% |
| Taxes | 450/3 | €15,022 | €19,996 | +€4,975 | +33.1% |
| Other amounts payable | 47/48 | €27,612 | €28,825 | +€1,213 | +4.4% |
| Accrued charges and deferred income | 492/3 | €1,973 | €841 | -€1,132 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €1,081 | +€623 | +136% |
| Other operating charges | 640/8 | €180 | €342 | +€162 | +89.9% |
| Gross operating margin | 9900 | €17,363 | €80,167 | +€62,804 | +362% |
| Operating profit (loss) | 9901 | €16,725 | €78,744 | +€62,019 | +371% |
| Financial income | 75/76B | €3 | €16 | +€13 | +457% |
| Recurring financial income | 75 | €3 | €16 | +€13 | +457% |
| Financial charges | 65/66B | €83 | €28 | -€55 | -66.8% |
| Recurring financial charges | 65 | €83 | €28 | -€55 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €16,645 | €78,733 | +€62,088 | +373% |
| Income taxes | 67/77 | €3,729 | €16,168 | +€12,439 | +334% |
| Profit (loss) for the period | 9904 | €12,916 | €62,565 | +€49,649 | +384% |
| Profit (loss) for the period to be appropriated | 9905 | €12,916 | €62,565 | +€49,649 | +384% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.