VANDENAMEELE: what changed
Two fiscal 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.
What changed
VANDENAMEELE
NACE 46.349, Wholesale of beverages, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€257,251
2024 · €131,560+€125,691
Equity
€5.0m
2024 · €4.8m+€257,251
Cash
€2.9m
2024 · €3.1m-€239,362
Balance sheet total
€9.2m
2024 · €9.3m-€146,871
Largest movements
Assets
- Tangible fixed assets +€265,617
up €265,617 (+33.3%), from €798,161 to €1.1m
of which Furniture and vehicles: +€168,272
- Cash -€239,362
down €239,362 (-7.6%), from €3.1m to €2.9m
mainly Investment in fixed assets (net) (-€437,660) and Other debts (-€389,700)
- Current investments -€214,511
down €214,511 (-17.7%), from €1.2m to €1.0m
- Stocks and contracts +€172,897
up €172,897 (+7.5%), from €2.3m to €2.5m
Equity and liabilities
- Other debts -€389,700
down €389,700 (-21.8%), from €1.8m to €1.4m
- Reserves +€257,251
up €257,251 (+6.9%), from €3.7m to €4.0m
of which Distributable reserves: +€257,251
- Tax, wage and social debts -€124,063
down €124,063 (-28.4%), from €436,300 to €312,238
of which Remuneration and social security: -€64,516
Income statement
- Turnover +€779,909
up €779,909 (+5.0%), from €15.7m to €16.5m
- Goods and materials +€393,651
up €393,651 (+3.1%), from €12.6m to €13.0m
of which Purchases: +€547,149
- Services and other goods +€242,661
up €242,661 (+27.2%), from €891,915 to €1.1m
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.
Result 2024
€131,560
Turnover
+€779,909
Other operating income
-€1,355
Goods and materials
-€393,651
Services and other goods
-€242,661
Staff costs
-€105,943
Depreciation
-€37,353
Write-downs
+€41,471
Other operating charges
-€47,238
Other operating items
+€151,160
Financial income
+€15,646
Financial charges
+€8,693
Taxes
-€42,988
Result 2025
€257,251
Cash bridge derived
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.
From operations
-€17,548
Investment
-€223,150
Financing
+€1,336
Cash 2024
€3.1m
From operations (derived)
-€17,548
Net result for the year
+€257,251
Depreciation
+€175,773
Receivables after one year
+€49,547
Stocks and contracts
-€172,897
Receivables within one year
+€77,470
Deferred charges and accrued income
+€766
Trade debts
+€91,890
Tax, wage and social debts
-€124,063
Other debts
-€389,700
Accrued charges and deferred income
+€16,415
Investment (derived)
-€223,150
Investment in fixed assets (net)
-€437,660
Current investments
+€214,511
Financing
+€1,336
Debts after one year
+€2,381
Current portion of long-term debt
+€49,025
Short-term financial debts
-€50,070
Cash 2025
€2.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,313,563 | €9,166,692 | -€146,871 | -1.6% |
| Fixed assets | 21/28 | €850,301 | €1,112,188 | +€261,887 | +30.8% |
| Intangible fixed assets | 21 | €23,566 | €19,566 | -€4,000 | -17.0% |
| Tangible fixed assets | 22/27 | €798,161 | €1,063,778 | +€265,617 | +33.3% |
| Land and buildings | 22 | €153,870 | €131,421 | -€22,449 | -14.6% |
| Plant, machinery and equipment | 23 | €111,203 | €107,756 | -€3,448 | -3.1% |
| Furniture and vehicles | 24 | €283,952 | €452,224 | +€168,272 | +59.3% |
| Other tangible fixed assets | 26 | €249,135 | €372,377 | +€123,242 | +49.5% |
| Financial fixed assets | 28 | €28,574 | €28,844 | +€270 | +0.9% |
| Other financial fixed assets | 284/8 | €28,574 | €28,844 | +€270 | +0.9% |
| Shares | 284 | €19,822 | €19,822 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,752 | €9,022 | +€270 | +3.1% |
| Current assets | 29/58 | €8,463,262 | €8,054,504 | -€408,758 | -4.8% |
| Amounts receivable after more than one year | 29 | €220,161 | €170,614 | -€49,547 | -22.5% |
| Other amounts receivable | 291 | €220,161 | €170,614 | -€49,547 | -22.5% |
| Stocks and contracts in progress | 3 | €2,303,121 | €2,476,018 | +€172,897 | +7.5% |
| Stocks | 30/36 | €2,303,121 | €2,476,018 | +€172,897 | +7.5% |
| Raw materials and consumables | 30/31 | €10,158 | €11,392 | +€1,234 | +12.1% |
| Goods purchased for resale | 34 | €2,292,962 | €2,464,626 | +€171,664 | +7.5% |
| Amounts receivable within one year | 40/41 | €1,542,432 | €1,464,963 | -€77,470 | -5.0% |
| Trade receivables | 40 | €1,275,274 | €1,098,743 | -€176,531 | -13.8% |
| Other amounts receivable | 41 | €267,158 | €366,219 | +€99,061 | +37.1% |
| Current investments | 50/53 | €1,215,191 | €1,000,680 | -€214,511 | -17.7% |
| Other investments | 51/53 | €1,215,191 | €1,000,680 | -€214,511 | -17.7% |
| Cash at bank and in hand | 54/58 | €3,134,442 | €2,895,080 | -€239,362 | -7.6% |
| Deferred charges and accrued income | 490/1 | €47,915 | €47,150 | -€766 | -1.6% |
| Total equity and liabilities | 10/49 | €9,313,563 | €9,166,692 | -€146,871 | -1.6% |
| Equity | 10/15 | €4,765,302 | €5,022,553 | +€257,251 | +5.4% |
| Contributions | 10/11 | €1,053,547 | €1,053,547 | = | 0.0% |
| Capital | 10 | €1,053,547 | €1,053,547 | = | 0.0% |
| Issued capital | 100 | €1,053,547 | €1,053,547 | = | 0.0% |
| Reserves | 13 | €3,711,755 | €3,969,006 | +€257,251 | +6.9% |
| Non-distributable reserves | 130/1 | €213,687 | €213,687 | = | 0.0% |
| Legal reserve | 130 | €205,517 | €205,517 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,170 | €8,170 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,301 | €66,301 | = | 0.0% |
| Distributable reserves | 133 | €3,431,767 | €3,689,017 | +€257,251 | +7.5% |
| Amounts payable | 17/49 | €4,548,260 | €4,144,139 | -€404,121 | -8.9% |
| Amounts payable after more than one year | 17 | €175,116 | €177,497 | +€2,381 | +1.4% |
| Financial debts | 170/4 | €161,511 | €159,242 | -€2,269 | -1.4% |
| Credit institutions | 173 | €161,511 | €159,242 | -€2,269 | -1.4% |
| Other amounts payable | 178/9 | €13,605 | €18,255 | +€4,650 | +34.2% |
| Amounts payable within one year | 42/48 | €4,305,903 | €3,882,987 | -€422,916 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €60,393 | €109,418 | +€49,025 | +81.2% |
| Financial debts | 43 | €75,320 | €25,250 | -€50,070 | -66.5% |
| Credit institutions | 430/8 | €75,320 | €25,250 | -€50,070 | -66.5% |
| Trade debts | 44 | €1,942,253 | €2,034,143 | +€91,890 | +4.7% |
| Suppliers | 440/4 | €1,942,253 | €2,034,143 | +€91,890 | +4.7% |
| Taxes, remuneration and social security | 45 | €436,300 | €312,238 | -€124,063 | -28.4% |
| Taxes | 450/3 | €118,462 | €58,915 | -€59,546 | -50.3% |
| Remuneration and social security | 454/9 | €317,838 | €253,322 | -€64,516 | -20.3% |
| Other amounts payable | 47/48 | €1,791,637 | €1,401,938 | -€389,700 | -21.8% |
| Accrued charges and deferred income | 492/3 | €67,241 | €83,655 | +€16,415 | +24.4% |
| Operating income | 70/76A | €15,745,878 | €16,675,592 | +€929,714 | +5.9% |
| Turnover | 70 | €15,719,113 | €16,499,022 | +€779,909 | +5.0% |
| Other operating income | 74 | €22,459 | €21,104 | -€1,355 | -6.0% |
| Non-recurring operating income | 76A | €4,306 | €155,467 | +€151,160 | +3510.2% |
| Operating charges | 60/66A | €15,562,017 | €16,347,391 | +€785,375 | +5.0% |
| Goods for resale, raw materials and consumables | 60 | €12,648,073 | €13,041,725 | +€393,651 | +3.1% |
| Purchases | 600/8 | €12,667,473 | €13,214,622 | +€547,149 | +4.3% |
| Change in stocks: decrease (increase) | 609 | -€19,400 | -€172,897 | -€153,498 | -791.2% |
| Services and other goods | 61 | €891,915 | €1,134,577 | +€242,661 | +27.2% |
| Remuneration, social security and pensions | 62 | €1,814,009 | €1,919,952 | +€105,943 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,421 | €175,773 | +€37,353 | +27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,706 | -€18,766 | -€41,471 | |
| Other operating charges | 640/8 | €46,892 | €94,130 | +€47,238 | +100.7% |
| Operating profit (loss) | 9901 | €183,862 | €328,201 | +€144,339 | +78.5% |
| Financial income | 75/76B | €46,876 | €62,523 | +€15,646 | +33.4% |
| Recurring financial income | 75 | €46,876 | €62,523 | +€15,646 | +33.4% |
| Income from current assets | 751 | €46,876 | €62,523 | +€15,646 | +33.4% |
| Financial charges | 65/66B | €43,632 | €34,938 | -€8,693 | -19.9% |
| Recurring financial charges | 65 | €43,632 | €34,938 | -€8,693 | -19.9% |
| Debt charges | 650 | €21,317 | €18,524 | -€2,793 | -13.1% |
| Other financial charges | 652/9 | €22,315 | €16,415 | -€5,900 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €187,106 | €355,785 | +€168,679 | +90.2% |
| Income taxes | 67/77 | €55,546 | €98,535 | +€42,988 | +77.4% |
| Taxes | 670/3 | €55,546 | €98,535 | +€42,988 | +77.4% |
| Profit (loss) for the period | 9904 | €131,560 | €257,251 | +€125,691 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €131,560 | €257,251 | +€125,691 | +95.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.