VANDECAVEYE TECHNICS: what changed
Two fiscal 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.
VANDECAVEYE TECHNICS
Largest movements
- Cash +€13,479
up €13,479 (+122.4%), from €11,011 to €24,490
mainly Net result for the year (+€24,489) and Depreciation (+€8,354)
- Receivables within one year +€12,293
up €12,293 (+25.7%), from €47,830 to €60,123
of which Trade receivables: +€9,323
- Tangible fixed assets -€6,252
down €6,252 (-23.1%), from €27,106 to €20,854
of which Furniture and vehicles: -€6,253
- Deferred charges and accrued income -€3,965
down €3,965 (-53.3%), from €7,444 to €3,480
- Reserves +€15,000
up €15,000 (+91.2%), from €16,445 to €31,445
- Profit (loss) carried forward +€9,489
up €9,489 (+31.8%), from €29,799 to €39,289
- Current portion of long-term debt -€7,252
down €7,252 (-73.9%), from €9,810 to €2,558
- Debts after one year -€2,558
no longer reported in 2025 (was €2,558)
- Gross operating margin +€8,420
up €8,420 (+25.0%), from €33,624 to €42,044
- Taxes +€1,990
up €1,990 (+33.3%), from €5,983 to €7,973
- Financial charges -€725
down €725 (-51.5%), from €1,409 to €684
- Depreciation -€697
down €697 (-7.7%), from €9,051 to €8,354
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.
Cash bridge derived
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 | €97,904 | €113,011 | +€15,108 | +15.4% |
| Fixed assets | 21/28 | €27,106 | €20,854 | -€6,252 | -23.1% |
| Tangible fixed assets | 22/27 | €27,106 | €20,854 | -€6,252 | -23.1% |
| Plant, machinery and equipment | 23 | €7,227 | €7,228 | +€1 | 0.0% |
| Furniture and vehicles | 24 | €19,879 | €13,626 | -€6,253 | -31.5% |
| Current assets | 29/58 | €70,798 | €92,157 | +€21,359 | +30.2% |
| Stocks and contracts in progress | 3 | €4,513 | €4,065 | -€448 | -9.9% |
| Stocks | 30/36 | €4,513 | €4,065 | -€448 | -9.9% |
| Amounts receivable within one year | 40/41 | €47,830 | €60,123 | +€12,293 | +25.7% |
| Trade receivables | 40 | €30,376 | €39,699 | +€9,323 | +30.7% |
| Other amounts receivable | 41 | €17,454 | €20,424 | +€2,970 | +17.0% |
| Cash at bank and in hand | 54/58 | €11,011 | €24,490 | +€13,479 | +122.4% |
| Deferred charges and accrued income | 490/1 | €7,444 | €3,480 | -€3,965 | -53.3% |
| Total equity and liabilities | 10/49 | €97,904 | €113,011 | +€15,108 | +15.4% |
| Equity | 10/15 | €64,844 | €89,334 | +€24,489 | +37.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,445 | €31,445 | +€15,000 | +91.2% |
| Distributable reserves | 133 | €16,445 | €31,445 | +€15,000 | +91.2% |
| Profit (loss) carried forward | 14 | €29,799 | €39,289 | +€9,489 | +31.8% |
| Amounts payable | 17/49 | €33,059 | €23,678 | -€9,382 | -28.4% |
| Amounts payable after more than one year | 17 | €2,558 | - | -€2,558 | |
| Financial debts | 170/4 | €2,558 | - | -€2,558 | |
| Amounts payable within one year | 42/48 | €30,501 | €23,678 | -€6,823 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €9,810 | €2,558 | -€7,252 | -73.9% |
| Trade debts | 44 | €9,641 | €9,892 | +€251 | +2.6% |
| Suppliers | 440/4 | €9,641 | €9,892 | +€251 | +2.6% |
| Taxes, remuneration and social security | 45 | €9,568 | €9,140 | -€428 | -4.5% |
| Taxes | 450/3 | €9,568 | €9,140 | -€428 | -4.5% |
| Other amounts payable | 47/48 | €1,482 | €2,087 | +€605 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,051 | €8,354 | -€697 | -7.7% |
| Other operating charges | 640/8 | €840 | €571 | -€269 | -32.1% |
| Gross operating margin | 9900 | €33,624 | €42,044 | +€8,420 | +25.0% |
| Operating profit (loss) | 9901 | €23,733 | €33,119 | +€9,386 | +39.6% |
| Financial income | 75/76B | €3 | €28 | +€25 | +936.5% |
| Recurring financial income | 75 | €3 | €28 | +€25 | +936.5% |
| Financial charges | 65/66B | €1,409 | €684 | -€725 | -51.5% |
| Recurring financial charges | 65 | €1,409 | €684 | -€725 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €22,326 | €32,463 | +€10,136 | +45.4% |
| Income taxes | 67/77 | €5,983 | €7,973 | +€1,990 | +33.3% |
| Profit (loss) for the period | 9904 | €16,343 | €24,489 | +€8,147 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,343 | €24,489 | +€8,147 | +49.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.