Vandekerckhove Engineering: what changed
Vandekerckhove Engineering
Largest movements
- Tangible fixed assets -€17,751
down €17,751 (-21.5%), from €82,634 to €64,883
of which Furniture and vehicles: -€18,020
- Receivables within one year -€12,673
down €12,673 (-81.2%), from €15,613 to €2,940
- Cash -€7,401
down €7,401 (-10.3%), from €71,716 to €64,316
mainly Contributions, distributions and other (-€89,070) and Debts after one year (-€23,519)
- Deferred charges and accrued income +€3,137
up €3,137 (+214%), from €1,463 to €4,600
- Reserves -€63,104
down €63,104 (-100%), from €63,104 to €0
- Other debts +€48,969
up €48,969 (+140%), from €35,000 to €83,969
- Debts after one year -€23,519
down €23,519 (-74.4%), from €31,600 to €8,080
- Trade debts +€2,109
up €2,109 (+113%), from €1,873 to €3,982
- Gross operating margin +€11,403
up €11,403 (+24.1%), from €47,367 to €58,770
- Depreciation +€5,174
up €5,174 (+37.0%), from €13,967 to €19,141
- Taxes +€1,962
up €1,962 (+24.0%), from €8,166 to €10,128
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 | €171,427 | €136,740 | -€34,687 | -20.2% |
| Fixed assets | 21/28 | €82,634 | €64,883 | -€17,751 | -21.5% |
| Tangible fixed assets | 22/27 | €82,634 | €64,883 | -€17,751 | -21.5% |
| Furniture and vehicles | 24 | €79,090 | €61,070 | -€18,020 | -22.8% |
| Other tangible fixed assets | 26 | €3,545 | €3,814 | +€269 | +7.6% |
| Current assets | 29/58 | €88,793 | €71,856 | -€16,936 | -19.1% |
| Amounts receivable within one year | 40/41 | €15,613 | €2,940 | -€12,673 | -81.2% |
| Trade receivables | 40 | €15,613 | €2,940 | -€12,673 | -81.2% |
| Cash at bank and in hand | 54/58 | €71,716 | €64,316 | -€7,401 | -10.3% |
| Deferred charges and accrued income | 490/1 | €1,463 | €4,600 | +€3,137 | +214% |
| Total equity and liabilities | 10/49 | €171,427 | €136,740 | -€34,687 | -20.2% |
| Equity | 10/15 | €68,104 | €5,000 | -€63,104 | -92.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,104 | €0 | -€63,104 | -100% |
| Distributable reserves | 133 | €63,104 | €0 | -€63,104 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,324 | €131,740 | +€28,416 | +27.5% |
| Amounts payable after more than one year | 17 | €31,600 | €8,080 | -€23,519 | -74.4% |
| Financial debts | 170/4 | €31,600 | €8,080 | -€23,519 | -74.4% |
| Amounts payable within one year | 42/48 | €70,974 | €122,909 | +€51,936 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €22,475 | €23,519 | +€1,045 | +4.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,873 | €3,982 | +€2,109 | +113% |
| Suppliers | 440/4 | €1,873 | €3,982 | +€2,109 | +113% |
| Taxes, remuneration and social security | 45 | €11,626 | €11,439 | -€187 | -1.6% |
| Taxes | 450/3 | €8,457 | €8,269 | -€187 | -2.2% |
| Remuneration and social security | 454/9 | €3,170 | €3,170 | = | 0.0% |
| Other amounts payable | 47/48 | €35,000 | €83,969 | +€48,969 | +140% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,967 | €19,141 | +€5,174 | +37.0% |
| Other operating charges | 640/8 | €1,184 | €1,171 | -€13 | -1.1% |
| Non-recurring operating charges | 66A | €297 | €0 | -€297 | -100% |
| Gross operating margin | 9900 | €47,367 | €58,770 | +€11,403 | +24.1% |
| Operating profit (loss) | 9901 | €31,918 | €38,458 | +€6,540 | +20.5% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €2,416 | €2,363 | -€53 | -2.2% |
| Recurring financial charges | 65 | €2,416 | €2,363 | -€53 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €29,512 | €36,095 | +€6,582 | +22.3% |
| Income taxes | 67/77 | €8,166 | €10,128 | +€1,962 | +24.0% |
| Profit (loss) for the period | 9904 | €21,346 | €25,967 | +€4,621 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,346 | €25,967 | +€4,621 | +21.6% |
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 1 November 2026 via checked.be.