VANDEN MEERSSCHE: what changed
What changed
VANDEN MEERSSCHE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€117,946
2024 · -€536,058+€418,112
Equity
€2.1m
2024 · €1.7m+€382,054
Cash
€2,345
2024 · €20,956-€18,612
Balance sheet total
€2.3m
2024 · €1.9m+€403,421
Largest movements
Assets
- Current investments +€279,892
up €279,892 (+17.3%), from €1.6m to €1.9m
- Receivables within one year +€215,897
up €215,897 (+723%), from €29,853 to €245,750
of which Trade receivables: +€221,641
- Stocks and contracts -€68,916
no longer reported in 2025 (was €68,916)
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+91.7%), from -€1.4m to -€117,946
- Contributions -€916,670
down €916,670 (-30.9%), from €3.0m to €2.1m
- Trade debts +€24,859
up €24,859 (+14.2%), from €175,333 to €200,192
Income statement
- Turnover -€492,723
down €492,723 (-25.3%), from €1.9m to €1.5m
- Goods and materials -€468,962
down €468,962 (-28.0%), from €1.7m to €1.2m
of which Purchases: -€425,565
- Services and other goods -€165,606
down €165,606 (-24.3%), from €681,374 to €515,768
- Other operating income +€88,676
up €88,676 (+243%), from €36,522 to €125,198
- Depreciation -€27,556
down €27,556 (-44.6%), from €61,728 to €34,171
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
-€536,058
Turnover
-€492,723
Other operating income
+€88,676
Goods and materials
+€468,962
Services and other goods
+€165,606
Staff costs
-€1,687
Depreciation
+€27,556
Write-downs
-€22,929
Other operating charges
-€1,309
Other operating items
+€205,740
Financial income
-€21,189
Financial charges
+€1,410
Result 2025
-€117,946
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
-€225,164
Investment
-€292,198
Financing
+€498,750
Cash 2024
€20,956
From operations (derived)
-€225,164
Net result for the year
-€117,946
Depreciation
+€34,171
Stocks and contracts
+€68,916
Receivables within one year
-€215,897
Deferred charges and accrued income
-€17,025
Trade debts
+€24,859
Tax, wage and social debts
-€4,549
Other debts
+€2,264
Accrued charges and deferred income
+€44
Investment (derived)
-€292,198
Investment in fixed assets (net)
-€12,305
Current investments
-€279,892
Financing
+€498,750
Short-term financial debts
-€1,250
Contributions, distributions and other
+€500,000
Cash 2025
€2,345
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,894,474 | €2,297,894 | +€403,421 | +21.3% |
| Fixed assets | 21/28 | €150,718 | €128,851 | -€21,866 | -14.5% |
| Intangible fixed assets | 21 | €37,992 | €30,314 | -€7,678 | -20.2% |
| Tangible fixed assets | 22/27 | €112,725 | €98,537 | -€14,188 | -12.6% |
| Plant, machinery and equipment | 23 | €112,725 | €98,537 | -€14,188 | -12.6% |
| Current assets | 29/58 | €1,743,756 | €2,169,043 | +€425,287 | +24.4% |
| Stocks and contracts in progress | 3 | €68,916 | - | -€68,916 | |
| Stocks | 30/36 | €68,916 | - | -€68,916 | |
| Goods purchased for resale | 34 | €68,916 | - | -€68,916 | |
| Amounts receivable within one year | 40/41 | €29,853 | €245,750 | +€215,897 | +723% |
| Trade receivables | 40 | €19,927 | €241,568 | +€221,641 | +1,112% |
| Other amounts receivable | 41 | €9,927 | €4,182 | -€5,744 | -57.9% |
| Current investments | 50/53 | €1,617,039 | €1,896,931 | +€279,892 | +17.3% |
| Other investments | 51/53 | €1,617,039 | €1,896,931 | +€279,892 | +17.3% |
| Cash at bank and in hand | 54/58 | €20,956 | €2,345 | -€18,612 | -88.8% |
| Deferred charges and accrued income | 490/1 | €6,992 | €24,017 | +€17,025 | +243% |
| Total equity and liabilities | 10/49 | €1,894,474 | €2,297,894 | +€403,421 | +21.3% |
| Equity | 10/15 | €1,698,425 | €2,080,479 | +€382,054 | +22.5% |
| Contributions | 10/11 | €2,971,182 | €2,054,512 | -€916,670 | -30.9% |
| Capital | 10 | €2,971,182 | €2,054,512 | -€916,670 | -30.9% |
| Issued capital | 100 | €2,971,182 | €2,054,512 | -€916,670 | -30.9% |
| Reserves | 13 | €143,914 | €143,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €87,664 | €87,664 | = | 0.0% |
| Legal reserve | 130 | €87,664 | €87,664 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,416,670 | -€117,946 | +€1.3m | +91.7% |
| Amounts payable | 17/49 | €196,048 | €217,415 | +€21,367 | +10.9% |
| Amounts payable within one year | 42/48 | €190,729 | €212,052 | +€21,323 | +11.2% |
| Financial debts | 43 | €1,250 | - | -€1,250 | |
| Credit institutions | 430/8 | €1,250 | - | -€1,250 | |
| Trade debts | 44 | €175,333 | €200,192 | +€24,859 | +14.2% |
| Suppliers | 440/4 | €175,333 | €200,192 | +€24,859 | +14.2% |
| Taxes, remuneration and social security | 45 | €11,927 | €7,377 | -€4,549 | -38.1% |
| Taxes | 450/3 | €7,918 | €7,377 | -€540 | -6.8% |
| Remuneration and social security | 454/9 | €4,009 | €0 | -€4,009 | -100% |
| Other amounts payable | 47/48 | €2,219 | €4,483 | +€2,264 | +102% |
| Accrued charges and deferred income | 492/3 | €5,320 | €5,363 | +€44 | +0.8% |
| Operating income | 70/76A | €1,985,255 | €1,784,077 | -€201,178 | -10.1% |
| Turnover | 70 | €1,948,733 | €1,456,009 | -€492,723 | -25.3% |
| Other operating income | 74 | €36,522 | €125,198 | +€88,676 | +243% |
| Non-recurring operating income | 76A | - | €202,870 | +€202,870 | |
| Operating charges | 60/66A | €2,544,157 | €1,905,087 | -€639,069 | -25.1% |
| Goods for resale, raw materials and consumables | 60 | €1,673,942 | €1,204,980 | -€468,962 | -28.0% |
| Purchases | 600/8 | €1,561,629 | €1,136,064 | -€425,565 | -27.3% |
| Change in stocks: decrease (increase) | 609 | €112,312 | €68,916 | -€43,397 | -38.6% |
| Services and other goods | 61 | €681,374 | €515,768 | -€165,606 | -24.3% |
| Remuneration, social security and pensions | 62 | €112,062 | €113,748 | +€1,687 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,728 | €34,171 | -€27,556 | -44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,560 | €32,489 | +€22,929 | +240% |
| Other operating charges | 640/8 | €2,622 | €3,931 | +€1,309 | +49.9% |
| Non-recurring operating charges | 66A | €2,870 | - | -€2,870 | |
| Operating profit (loss) | 9901 | -€558,902 | -€121,011 | +€437,891 | +78.3% |
| Financial income | 75/76B | €52,631 | €31,442 | -€21,189 | -40.3% |
| Recurring financial income | 75 | €52,631 | €31,442 | -€21,189 | -40.3% |
| Income from current assets | 751 | €52,631 | €31,442 | -€21,189 | -40.3% |
| Financial charges | 65/66B | €29,787 | €28,377 | -€1,410 | -4.7% |
| Recurring financial charges | 65 | €29,787 | €28,377 | -€1,410 | -4.7% |
| Other financial charges | 652/9 | €29,787 | €28,377 | -€1,410 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€536,058 | -€117,946 | +€418,112 | +78.0% |
| Profit (loss) for the period | 9904 | -€536,058 | -€117,946 | +€418,112 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€536,058 | -€117,946 | +€418,112 | +78.0% |
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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 8 November 2026 via checked.be.