VANDENAMEELE ENGINEERING: what changed
VANDENAMEELE ENGINEERING
Largest movements
- Cash +€25,595
up €25,595 (+478%), from €5,358 to €30,953
mainly Net result for the year (+€20,070) and Depreciation (+€8,425)
- Tangible fixed assets -€8,425
down €8,425 (-24.8%), from €33,998 to €25,573
of which Furniture and vehicles: -€7,925
- Receivables within one year -€7,109
down €7,109 (-44.7%), from €15,917 to €8,808
of which Trade receivables: -€8,338
- Reserves +€20,070
up €20,070 (+122%), from €16,483 to €36,553
- Debts after one year -€10,085
down €10,085 (-46.8%), from €21,549 to €11,464
- Trade debts -€1,525
down €1,525 (-40.0%), from €3,816 to €2,291
- Gross operating margin +€2,760
up €2,760 (+8.5%), from €32,311 to €35,071
- Taxes +€1,200
up €1,200 (+30.8%), from €3,892 to €5,092
- Depreciation -€791
down €791 (-8.6%), from €9,216 to €8,425
- Other operating charges -€622
down €622 (-65.4%), from €952 to €330
- Financial charges -€481
down €481 (-27.2%), from €1,768 to €1,287
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,873 | €65,841 | +€8,969 | +15.8% |
| Fixed assets | 21/28 | €34,598 | €25,573 | -€9,025 | -26.1% |
| Tangible fixed assets | 22/27 | €33,998 | €25,573 | -€8,425 | -24.8% |
| Plant, machinery and equipment | 23 | €1,800 | €1,300 | -€500 | -27.8% |
| Furniture and vehicles | 24 | €32,198 | €24,273 | -€7,925 | -24.6% |
| Financial fixed assets | 28 | €600 | - | -€600 | |
| Current assets | 29/58 | €22,275 | €40,268 | +€17,994 | +80.8% |
| Amounts receivable within one year | 40/41 | €15,917 | €8,808 | -€7,109 | -44.7% |
| Trade receivables | 40 | €9,574 | €1,236 | -€8,338 | -87.1% |
| Other amounts receivable | 41 | €6,343 | €7,572 | +€1,229 | +19.4% |
| Cash at bank and in hand | 54/58 | €5,358 | €30,953 | +€25,595 | +478% |
| Deferred charges and accrued income | 490/1 | €1,000 | €507 | -€493 | -49.3% |
| Total equity and liabilities | 10/49 | €56,873 | €65,841 | +€8,969 | +15.8% |
| Equity | 10/15 | €21,483 | €41,553 | +€20,070 | +93.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,483 | €36,553 | +€20,070 | +122% |
| Distributable reserves | 133 | €16,483 | €36,553 | +€20,070 | +122% |
| Amounts payable | 17/49 | €35,390 | €24,288 | -€11,101 | -31.4% |
| Amounts payable after more than one year | 17 | €21,549 | €11,464 | -€10,085 | -46.8% |
| Financial debts | 170/4 | €21,549 | €11,464 | -€10,085 | -46.8% |
| Amounts payable within one year | 42/48 | €13,841 | €12,825 | -€1,016 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €9,630 | €10,085 | +€455 | +4.7% |
| Trade debts | 44 | €3,816 | €2,291 | -€1,525 | -40.0% |
| Suppliers | 440/4 | €3,816 | €2,291 | -€1,525 | -40.0% |
| Taxes, remuneration and social security | 45 | €395 | €449 | +€54 | +13.7% |
| Taxes | 450/3 | €395 | €449 | +€54 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,216 | €8,425 | -€791 | -8.6% |
| Other operating charges | 640/8 | €952 | €330 | -€622 | -65.4% |
| Gross operating margin | 9900 | €32,311 | €35,071 | +€2,760 | +8.5% |
| Operating profit (loss) | 9901 | €22,143 | €26,316 | +€4,173 | +18.8% |
| Financial income | 75/76B | - | €133 | +€133 | |
| Recurring financial income | 75 | - | €133 | +€133 | |
| Financial charges | 65/66B | €1,768 | €1,287 | -€481 | -27.2% |
| Recurring financial charges | 65 | €1,768 | €1,287 | -€481 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €20,376 | €25,162 | +€4,786 | +23.5% |
| Income taxes | 67/77 | €3,892 | €5,092 | +€1,200 | +30.8% |
| Profit (loss) for the period | 9904 | €16,483 | €20,070 | +€3,586 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,483 | €20,070 | +€3,586 | +21.8% |
Next steps
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 4 November 2026 via checked.be.