Vandel & Castle: 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.
Vandel & Castle
Largest movements
- Receivables within one year +€14,392
up €14,392 (+57.2%), from €25,169 to €39,561
of which Other amounts receivable: +€11,045
- Cash -€8,744
down €8,744 (-59.0%), from €14,815 to €6,071
mainly Receivables within one year (-€14,392)
- Tangible fixed assets -€573
down €573 (-82.3%), from €696 to €123
- Profit (loss) carried forward +€3,370
up €3,370 (+13.0%), from €25,988 to €29,359
- Trade debts +€1,293
up €1,293 (+24.1%), from €5,376 to €6,669
- Gross operating margin -€14,022
down €14,022 (-55.8%), from €25,139 to €11,117
- Taxes +€4,198
new in 2025: €4,198
- Other operating charges -€3,200
down €3,200 (-67.7%), from €4,730 to €1,529
- Financial charges +€940
up €940 (+186%), from €506 to €1,446
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 | €40,679 | €45,754 | +€5,075 | +12.5% |
| Fixed assets | 21/28 | €696 | €123 | -€573 | -82.3% |
| Tangible fixed assets | 22/27 | €696 | €123 | -€573 | -82.3% |
| Furniture and vehicles | 24 | €696 | €123 | -€573 | -82.3% |
| Current assets | 29/58 | €39,983 | €45,631 | +€5,648 | +14.1% |
| Amounts receivable within one year | 40/41 | €25,169 | €39,561 | +€14,392 | +57.2% |
| Trade receivables | 40 | - | €3,347 | +€3,347 | |
| Other amounts receivable | 41 | €25,169 | €36,214 | +€11,045 | +43.9% |
| Cash at bank and in hand | 54/58 | €14,815 | €6,071 | -€8,744 | -59.0% |
| Total equity and liabilities | 10/49 | €40,679 | €45,754 | +€5,075 | +12.5% |
| Equity | 10/15 | €30,988 | €34,359 | +€3,370 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,988 | €29,359 | +€3,370 | +13.0% |
| Amounts payable | 17/49 | €9,691 | €11,396 | +€1,705 | +17.6% |
| Amounts payable within one year | 42/48 | €9,691 | €11,396 | +€1,705 | +17.6% |
| Trade debts | 44 | €5,376 | €6,669 | +€1,293 | +24.1% |
| Suppliers | 440/4 | €5,376 | €6,669 | +€1,293 | +24.1% |
| Taxes, remuneration and social security | 45 | €4,315 | €4,727 | +€411 | +9.5% |
| Taxes | 450/3 | €4,315 | €4,727 | +€411 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €573 | -€5 | -0.8% |
| Other operating charges | 640/8 | €4,730 | €1,529 | -€3,200 | -67.7% |
| Gross operating margin | 9900 | €25,139 | €11,117 | -€14,022 | -55.8% |
| Operating profit (loss) | 9901 | €19,832 | €9,014 | -€10,817 | -54.5% |
| Financial charges | 65/66B | €506 | €1,446 | +€940 | +186% |
| Recurring financial charges | 65 | €506 | €1,446 | +€940 | +186% |
| Profit (loss) for the period before taxes | 9903 | €19,325 | €7,568 | -€11,757 | -60.8% |
| Income taxes | 67/77 | - | €4,198 | +€4,198 | |
| Profit (loss) for the period | 9904 | €19,325 | €3,370 | -€15,955 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,325 | €3,370 | -€15,955 | -82.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.