VANDEN BULCKE: what changed
What changed
VANDEN BULCKE
NACE 01.610, Support activities for crop production
filed annual accounts (NBB)
Net result for the year
€9,776
2024 · €18,888-€9,112
Equity
€792,108
2024 · €782,333+€9,776
Cash
€352,540
2024 · €285,037+€67,502
Balance sheet total
€2.9m
2024 · €2.5m+€391,415
Largest movements
Assets
- Tangible fixed assets +€325,231
up €325,231 (+19.0%), from €1.7m to €2.0m
of which Furniture and vehicles: +€239,291
- Cash +€67,502
up €67,502 (+23.7%), from €285,037 to €352,540
mainly Depreciation (+€390,150) and Debts after one year (+€239,552)
Equity and liabilities
- Debts after one year +€239,552
up €239,552 (+31.3%), from €766,562 to €1.0m
of which Financial debts: +€239,552
- Trade debts +€75,005
up €75,005 (+22.6%), from €331,615 to €406,621
- Current portion of long-term debt +€31,683
up €31,683 (+11.2%), from €282,316 to €313,998
Income statement
- Gross operating margin +€70,156
up €70,156 (+13.6%), from €516,567 to €586,723
- Depreciation +€53,004
up €53,004 (+15.7%), from €337,146 to €390,150
- Financial charges +€21,596
up €21,596 (+87.3%), from €24,724 to €46,321
- Staff costs +€9,268
up €9,268 (+7.6%), from €121,895 to €131,162
- Other operating charges -€6,822
down €6,822 (-47.1%), from €14,469 to €7,647
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.
Result 2024
€18,888
Gross operating margin
+€70,156
Staff costs
-€9,268
Depreciation
-€53,004
Other operating charges
+€6,822
Other operating items
-€1,511
Financial income
-€2,009
Financial charges
-€21,596
Taxes
+€1,299
Result 2025
€9,776
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€511,690
Investment
-€715,382
Financing
+€271,194
Cash 2024
€285,037
From operations (derived)
+€511,690
Net result for the year
+€9,776
Depreciation
+€390,150
Stocks and contracts
-€14,449
Receivables within one year
+€17,500
Deferred charges and accrued income
-€1,733
Trade debts
+€75,005
Tax, wage and social debts
+€19,341
Other debts
+€12,735
Accrued charges and deferred income
+€3,365
Investment (derived)
-€715,382
Investment in fixed assets (net)
-€715,382
Financing
+€271,194
Debts after one year
+€239,552
Current portion of long-term debt
+€31,683
Short-term financial debts
-€40
Cash 2025
€352,540
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,529,377 | €2,920,792 | +€391,415 | +15.5% |
| Fixed assets | 21/28 | €1,714,006 | €2,039,237 | +€325,231 | +19.0% |
| Tangible fixed assets | 22/27 | €1,713,368 | €2,038,599 | +€325,231 | +19.0% |
| Plant, machinery and equipment | 23 | €512,617 | €602,129 | +€89,512 | +17.5% |
| Furniture and vehicles | 24 | €1,177,133 | €1,416,423 | +€239,291 | +20.3% |
| Other tangible fixed assets | 26 | €23,618 | €20,047 | -€3,571 | -15.1% |
| Financial fixed assets | 28 | €638 | €638 | = | 0.0% |
| Current assets | 29/58 | €815,371 | €881,555 | +€66,184 | +8.1% |
| Stocks and contracts in progress | 3 | €168,989 | €183,437 | +€14,449 | +8.6% |
| Stocks | 30/36 | €168,989 | €183,437 | +€14,449 | +8.6% |
| Amounts receivable within one year | 40/41 | €340,177 | €322,677 | -€17,500 | -5.1% |
| Trade receivables | 40 | €283,996 | €277,323 | -€6,673 | -2.3% |
| Other amounts receivable | 41 | €56,181 | €45,354 | -€10,827 | -19.3% |
| Cash at bank and in hand | 54/58 | €285,037 | €352,540 | +€67,502 | +23.7% |
| Deferred charges and accrued income | 490/1 | €21,168 | €22,901 | +€1,733 | +8.2% |
| Total equity and liabilities | 10/49 | €2,529,377 | €2,920,792 | +€391,415 | +15.5% |
| Equity | 10/15 | €782,333 | €792,108 | +€9,776 | +1.2% |
| Contributions | 10/11 | €254,091 | €254,091 | = | 0.0% |
| Capital | 10 | €254,091 | €254,091 | = | 0.0% |
| Issued capital | 100 | €254,091 | €254,091 | = | 0.0% |
| Reserves | 13 | €520,409 | €538,017 | +€17,608 | +3.4% |
| Non-distributable reserves | 130/1 | €25,409 | €25,409 | = | 0.0% |
| Legal reserve | 130 | €25,409 | €25,409 | = | 0.0% |
| Distributable reserves | 133 | €495,000 | €512,608 | +€17,608 | +3.6% |
| Profit (loss) carried forward | 14 | €7,833 | €0 | -€7,833 | -100% |
| Amounts payable | 17/49 | €1,747,045 | €2,128,684 | +€381,640 | +21.8% |
| Amounts payable after more than one year | 17 | €766,562 | €1,006,113 | +€239,552 | +31.3% |
| Financial debts | 170/4 | €616,562 | €856,113 | +€239,552 | +38.9% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €971,818 | €1,110,541 | +€138,723 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €282,316 | €313,998 | +€31,683 | +11.2% |
| Financial debts | 43 | €125,678 | €125,638 | -€40 | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Other loans | 439 | €678 | €638 | -€40 | -5.9% |
| Trade debts | 44 | €331,615 | €406,621 | +€75,005 | +22.6% |
| Suppliers | 440/4 | €331,615 | €406,621 | +€75,005 | +22.6% |
| Taxes, remuneration and social security | 45 | €105,072 | €124,413 | +€19,341 | +18.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €105,072 | €124,413 | +€19,341 | +18.4% |
| Other amounts payable | 47/48 | €127,136 | €139,871 | +€12,735 | +10.0% |
| Accrued charges and deferred income | 492/3 | €8,665 | €12,030 | +€3,365 | +38.8% |
| Non-recurring operating income | 76A | €1,653 | €0 | -€1,653 | -100% |
| Remuneration, social security and pensions | 62 | €121,895 | €131,162 | +€9,268 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,146 | €390,150 | +€53,004 | +15.7% |
| Other operating charges | 640/8 | €14,469 | €7,647 | -€6,822 | -47.1% |
| Non-recurring operating charges | 66A | - | €1,511 | +€1,511 | |
| Gross operating margin | 9900 | €516,567 | €586,723 | +€70,156 | +13.6% |
| Operating profit (loss) | 9901 | €43,057 | €56,252 | +€13,195 | +30.6% |
| Financial income | 75/76B | €2,009 | €0 | -€2,009 | -100.0% |
| Recurring financial income | 75 | €2,009 | €0 | -€2,009 | -100.0% |
| Financial charges | 65/66B | €24,724 | €46,321 | +€21,596 | +87.3% |
| Recurring financial charges | 65 | €24,724 | €46,321 | +€21,596 | +87.3% |
| Profit (loss) for the period before taxes | 9903 | €20,342 | €9,931 | -€10,411 | -51.2% |
| Income taxes | 67/77 | €1,454 | €156 | -€1,299 | -89.3% |
| Profit (loss) for the period | 9904 | €18,888 | €9,776 | -€9,112 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,888 | €9,776 | -€9,112 | -48.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.