VANDECRUYS MANAGEMENT: what changed
VANDECRUYS MANAGEMENT
Largest movements
- Tangible fixed assets +€9,980
up €9,980 (+53.3%), from €18,738 to €28,718
of which Furniture and vehicles: +€11,381
- Receivables within one year +€9,909
up €9,909 (+162%), from €6,102 to €16,011
of which Other amounts receivable: +€5,916
- Receivables after one year +€5,500
up €5,500 (+37.9%), from €14,500 to €20,000
- Cash -€3,376
down €3,376 (-28.2%), from €11,979 to €8,603
mainly Investment in fixed assets (net) (-€16,207) and Receivables within one year (-€9,909)
- Deferred charges and accrued income +€1,347
up €1,347 (+313%), from €430 to €1,777
- Reserves +€17,317
up €17,317 (+86.6%), from €20,000 to €37,317
- Tax, wage and social debts +€5,195
up €5,195 (+45.3%), from €11,479 to €16,673
- Gross operating margin +€19,831
up €19,831 (+140%), from €14,132 to €33,963
- Depreciation +€3,112
up €3,112 (+99.9%), from €3,115 to €6,226
- Taxes +€3,023
up €3,023 (+37.8%), from €7,998 to €11,020
- Other operating charges -€2,219
down €2,219 (-80.4%), from €2,762 to €543
- Financial income +€1,034
up €1,034 (+254%), from €407 to €1,441
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,748 | €75,108 | +€23,360 | +45.1% |
| Fixed assets | 21/28 | €18,738 | €28,718 | +€9,980 | +53.3% |
| Tangible fixed assets | 22/27 | €18,738 | €28,718 | +€9,980 | +53.3% |
| Furniture and vehicles | 24 | €10,206 | €21,587 | +€11,381 | +112% |
| Other tangible fixed assets | 26 | €8,532 | €7,131 | -€1,400 | -16.4% |
| Current assets | 29/58 | €33,010 | €46,390 | +€13,380 | +40.5% |
| Amounts receivable after more than one year | 29 | €14,500 | €20,000 | +€5,500 | +37.9% |
| Other amounts receivable | 291 | €14,500 | €20,000 | +€5,500 | +37.9% |
| Amounts receivable within one year | 40/41 | €6,102 | €16,011 | +€9,909 | +162% |
| Trade receivables | 40 | €5,721 | €9,714 | +€3,993 | +69.8% |
| Other amounts receivable | 41 | €381 | €6,297 | +€5,916 | +1,554% |
| Cash at bank and in hand | 54/58 | €11,979 | €8,603 | -€3,376 | -28.2% |
| Deferred charges and accrued income | 490/1 | €430 | €1,777 | +€1,347 | +313% |
| Total equity and liabilities | 10/49 | €51,748 | €75,108 | +€23,360 | +45.1% |
| Equity | 10/15 | €38,350 | €55,917 | +€17,567 | +45.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,000 | €37,317 | +€17,317 | +86.6% |
| Distributable reserves | 133 | €20,000 | €37,317 | +€17,317 | +86.6% |
| Profit (loss) carried forward | 14 | -€250 | - | +€250 | |
| Amounts payable | 17/49 | €13,398 | €19,191 | +€5,793 | +43.2% |
| Amounts payable within one year | 42/48 | €13,398 | €19,191 | +€5,793 | +43.2% |
| Trade debts | 44 | €1,919 | €2,518 | +€599 | +31.2% |
| Suppliers | 440/4 | €1,919 | €2,518 | +€599 | +31.2% |
| Taxes, remuneration and social security | 45 | €11,479 | €16,673 | +€5,195 | +45.3% |
| Taxes | 450/3 | €11,479 | €16,673 | +€5,195 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,115 | €6,226 | +€3,112 | +99.9% |
| Other operating charges | 640/8 | €2,762 | €543 | -€2,219 | -80.4% |
| Gross operating margin | 9900 | €14,132 | €33,963 | +€19,831 | +140% |
| Operating profit (loss) | 9901 | €8,256 | €27,195 | +€18,939 | +229% |
| Financial income | 75/76B | €407 | €1,441 | +€1,034 | +254% |
| Recurring financial income | 75 | €407 | €1,441 | +€1,034 | +254% |
| Financial charges | 65/66B | €67 | €48 | -€19 | -28.3% |
| Recurring financial charges | 65 | €67 | €48 | -€19 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €8,596 | €28,587 | +€19,992 | +233% |
| Income taxes | 67/77 | €7,998 | €11,020 | +€3,023 | +37.8% |
| Profit (loss) for the period | 9904 | €598 | €17,567 | +€16,969 | +2,838% |
| Profit (loss) for the period to be appropriated | 9905 | €598 | €17,567 | +€16,969 | +2,838% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.