VANDEMEULEBROUCKE: 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.
VANDEMEULEBROUCKE
Largest movements
- Receivables within one year -€4,483
down €4,483 (-41.0%), from €10,940 to €6,456
of which Trade receivables: -€2,723
- Cash +€122
up €122 (+56.3%), from €216 to €338
mainly Receivables within one year (+€4,483)
- Profit (loss) carried forward -€4,236
down €4,236 (-1.7%), from -€245,739 to -€249,974
- Trade debts -€126
no longer reported in 2025 (was €126)
- Other operating charges +€12,652
up €12,652 (+2,113%), from €599 to €13,251
- Write-downs -€10,000
new in 2025: -€10,000
- Financial income -€202
down €202 (-27.1%), from €746 to €544
- Gross operating margin +€99
up €99 (+6.2%), from -€1,583 to -€1,484
- Taxes -€26
no longer reported in 2025 (was €26)
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 | €11,156 | €6,794 | -€4,362 | -39.1% |
| Current assets | 29/58 | €11,156 | €6,794 | -€4,362 | -39.1% |
| Amounts receivable within one year | 40/41 | €10,940 | €6,456 | -€4,483 | -41.0% |
| Trade receivables | 40 | €2,723 | - | -€2,723 | |
| Other amounts receivable | 41 | €8,217 | €6,456 | -€1,760 | -21.4% |
| Cash at bank and in hand | 54/58 | €216 | €338 | +€122 | +56.3% |
| Total equity and liabilities | 10/49 | €11,156 | €6,794 | -€4,362 | -39.1% |
| Equity | 10/15 | €11,030 | €6,794 | -€4,236 | -38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €238,168 | €238,168 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €213,365 | €213,365 | = | 0.0% |
| Distributable reserves | 133 | €22,943 | €22,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,739 | -€249,974 | -€4,236 | -1.7% |
| Amounts payable | 17/49 | €126 | - | -€126 | |
| Amounts payable within one year | 42/48 | €126 | - | -€126 | |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €599 | €13,251 | +€12,652 | +2,113% |
| Gross operating margin | 9900 | -€1,583 | -€1,484 | +€99 | +6.2% |
| Operating profit (loss) | 9901 | -€2,181 | -€4,735 | -€2,554 | -117% |
| Financial income | 75/76B | €746 | €544 | -€202 | -27.1% |
| Recurring financial income | 75 | €746 | €544 | -€202 | -27.1% |
| Financial charges | 65/66B | €60 | €45 | -€15 | -24.4% |
| Recurring financial charges | 65 | €60 | €45 | -€15 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,495 | -€4,236 | -€2,741 | -183% |
| Income taxes | 67/77 | €26 | - | -€26 | |
| Profit (loss) for the period | 9904 | -€1,520 | -€4,236 | -€2,715 | -179% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,520 | -€4,236 | -€2,715 | -179% |
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 19 October 2026 via checked.be.