VANDEMOORTELE-PERSOON: 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.
VANDEMOORTELE-PERSOON
Largest movements
- Current investments +€143,706
up €143,706 (+31.9%), from €450,667 to €594,373
- Tangible fixed assets -€80,728
down €80,728 (-13.4%), from €601,431 to €520,703
of which Land and buildings: -€63,034
- Reserves +€118,754
up €118,754 (+20.8%), from €570,770 to €689,523
- Other debts -€82,487
down €82,487 (-65.4%), from €126,099 to €43,612
- Trade debts +€24,038
up €24,038 (+131%), from €18,392 to €42,430
- Debts after one year -€13,333
down €13,333 (-18.2%), from €73,333 to €60,000
- Gross operating margin -€102,066
down €102,066 (-19.8%), from €514,390 to €412,324
- Financial income +€30,596
up €30,596 (+9,567%), from €320 to €30,916
- Staff costs -€19,561
down €19,561 (-11.9%), from €164,986 to €145,425
- Taxes -€15,222
down €15,222 (-22.6%), from €67,234 to €52,012
- Depreciation +€5,632
up €5,632 (+5.4%), from €104,476 to €110,109
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 | €1,261,896 | €1,321,630 | +€59,734 | +4.7% |
| Fixed assets | 21/28 | €601,431 | €520,703 | -€80,728 | -13.4% |
| Tangible fixed assets | 22/27 | €601,431 | €520,703 | -€80,728 | -13.4% |
| Land and buildings | 22 | €460,178 | €397,144 | -€63,034 | -13.7% |
| Plant, machinery and equipment | 23 | €41,310 | €48,348 | +€7,038 | +17.0% |
| Furniture and vehicles | 24 | €99,942 | €75,211 | -€24,731 | -24.7% |
| Current assets | 29/58 | €660,465 | €800,927 | +€140,461 | +21.3% |
| Stocks and contracts in progress | 3 | €10,675 | €9,417 | -€1,258 | -11.8% |
| Stocks | 30/36 | €10,675 | €9,417 | -€1,258 | -11.8% |
| Amounts receivable within one year | 40/41 | €22,005 | €29,237 | +€7,232 | +32.9% |
| Trade receivables | 40 | €21,920 | €9,533 | -€12,387 | -56.5% |
| Other amounts receivable | 41 | €85 | €19,704 | +€19,619 | +23,032% |
| Current investments | 50/53 | €450,667 | €594,373 | +€143,706 | +31.9% |
| Cash at bank and in hand | 54/58 | €168,121 | €156,161 | -€11,961 | -7.1% |
| Deferred charges and accrued income | 490/1 | €8,997 | €11,739 | +€2,742 | +30.5% |
| Total equity and liabilities | 10/49 | €1,261,896 | €1,321,630 | +€59,734 | +4.7% |
| Equity | 10/15 | €988,770 | €1,107,523 | +€118,754 | +12.0% |
| Contributions | 10/11 | €418,000 | €418,000 | = | 0.0% |
| Contributions outside capital | 11 | €418,000 | - | -€418,000 | |
| Other | 1109/19 | €418,000 | - | -€418,000 | |
| Reserves | 13 | €570,770 | €689,523 | +€118,754 | +20.8% |
| Distributable reserves | 133 | €570,770 | €689,523 | +€118,754 | +20.8% |
| Amounts payable | 17/49 | €273,126 | €214,106 | -€59,020 | -21.6% |
| Amounts payable after more than one year | 17 | €73,333 | €60,000 | -€13,333 | -18.2% |
| Financial debts | 170/4 | €73,333 | €60,000 | -€13,333 | -18.2% |
| Amounts payable within one year | 42/48 | €199,793 | €154,106 | -€45,687 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | = | 0.0% |
| Trade debts | 44 | €18,392 | €42,430 | +€24,038 | +131% |
| Suppliers | 440/4 | €18,392 | €42,430 | +€24,038 | +131% |
| Taxes, remuneration and social security | 45 | €41,968 | €54,731 | +€12,763 | +30.4% |
| Taxes | 450/3 | €26,069 | €34,310 | +€8,241 | +31.6% |
| Remuneration and social security | 454/9 | €15,899 | €20,421 | +€4,522 | +28.4% |
| Other amounts payable | 47/48 | €126,099 | €43,612 | -€82,487 | -65.4% |
| Non-recurring operating income | 76A | €6,300 | - | -€6,300 | |
| Remuneration, social security and pensions | 62 | €164,986 | €145,425 | -€19,561 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,476 | €110,109 | +€5,632 | +5.4% |
| Other operating charges | 640/8 | €5,418 | €5,044 | -€374 | -6.9% |
| Non-recurring operating charges | 66A | €3,960 | - | -€3,960 | |
| Gross operating margin | 9900 | €514,390 | €412,324 | -€102,066 | -19.8% |
| Operating profit (loss) | 9901 | €235,549 | €151,746 | -€83,803 | -35.6% |
| Financial income | 75/76B | €320 | €30,916 | +€30,596 | +9,567% |
| Recurring financial income | 75 | €320 | €30,916 | +€30,596 | +9,567% |
| Financial charges | 65/66B | €16,621 | €11,896 | -€4,724 | -28.4% |
| Recurring financial charges | 65 | €16,621 | €11,896 | -€4,724 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €219,248 | €170,765 | -€48,483 | -22.1% |
| Income taxes | 67/77 | €67,234 | €52,012 | -€15,222 | -22.6% |
| Profit (loss) for the period | 9904 | €152,014 | €118,754 | -€33,261 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €152,014 | €118,754 | -€33,261 | -21.9% |
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 25 October 2026 via checked.be.