VANDEKERCKHOVE: 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.
VANDEKERCKHOVE
Largest movements
- Tangible fixed assets -€9,675
down €9,675 (-15.7%), from €61,560 to €51,885
- Cash +€7,453
up €7,453 (+17.4%), from €42,798 to €50,251
mainly Depreciation (+€9,675) and Deferred charges and accrued income (+€647)
- Profit (loss) carried forward -€2,550
down €2,550 (-3.4%), from -€74,226 to -€76,777
- Depreciation -€1,777
down €1,777 (-15.5%), from €11,452 to €9,675
- Gross operating margin +€1,214
up €1,214 (+12.2%), from €9,921 to €11,134
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 | €118,509 | €116,116 | -€2,393 | -2.0% |
| Fixed assets | 21/28 | €61,735 | €52,060 | -€9,675 | -15.7% |
| Tangible fixed assets | 22/27 | €61,560 | €51,885 | -€9,675 | -15.7% |
| Land and buildings | 22 | €61,560 | €51,885 | -€9,675 | -15.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €56,774 | €64,056 | +€7,282 | +12.8% |
| Amounts receivable after more than one year | 29 | €10,754 | €11,231 | +€477 | +4.4% |
| Other amounts receivable | 291 | €10,754 | €11,231 | +€477 | +4.4% |
| Cash at bank and in hand | 54/58 | €42,798 | €50,251 | +€7,453 | +17.4% |
| Deferred charges and accrued income | 490/1 | €3,221 | €2,574 | -€647 | -20.1% |
| Total equity and liabilities | 10/49 | €118,509 | €116,116 | -€2,393 | -2.0% |
| Equity | 10/15 | €116,216 | €113,666 | -€2,550 | -2.2% |
| Contributions | 10/11 | €182,000 | €182,000 | = | 0.0% |
| Capital | 10 | €182,000 | €182,000 | = | 0.0% |
| Issued capital | 100 | €182,000 | €182,000 | = | 0.0% |
| Reserves | 13 | €8,442 | €8,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,442 | €8,442 | = | 0.0% |
| Legal reserve | 130 | €8,442 | €8,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,226 | -€76,777 | -€2,550 | -3.4% |
| Amounts payable | 17/49 | €2,293 | €2,450 | +€157 | +6.9% |
| Amounts payable within one year | 42/48 | €1,173 | €1,330 | +€157 | +13.4% |
| Trade debts | 44 | €1,173 | €1,195 | +€22 | +1.9% |
| Suppliers | 440/4 | €1,173 | €1,195 | +€22 | +1.9% |
| Other amounts payable | 47/48 | - | €135 | +€135 | |
| Accrued charges and deferred income | 492/3 | €1,120 | €1,120 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,452 | €9,675 | -€1,777 | -15.5% |
| Other operating charges | 640/8 | €4,169 | €4,096 | -€73 | -1.8% |
| Gross operating margin | 9900 | €9,921 | €11,134 | +€1,214 | +12.2% |
| Operating profit (loss) | 9901 | -€5,701 | -€2,637 | +€3,064 | +53.8% |
| Financial income | 75/76B | €227 | €227 | +€0 | 0.0% |
| Recurring financial income | 75 | €227 | €227 | +€0 | 0.0% |
| Financial charges | 65/66B | €128 | €141 | +€13 | +10.0% |
| Recurring financial charges | 65 | €128 | €141 | +€13 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,602 | -€2,550 | +€3,051 | +54.5% |
| Profit (loss) for the period | 9904 | -€5,602 | -€2,550 | +€3,051 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,602 | -€2,550 | +€3,051 | +54.5% |
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 30 October 2026 via checked.be.