VANDENAMEELE PASCAL: 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.
VANDENAMEELE PASCAL
Largest movements
- Receivables within one year +€25,029
up €25,029 (+37.0%), from €67,621 to €92,650
of which Other amounts receivable: +€38,044
- Tangible fixed assets -€11,128
down €11,128 (-23.6%), from €47,119 to €35,991
of which Leasing and similar rights: -€12,377
- Cash +€6,603
up €6,603 (+1018.1%), from €649 to €7,251
mainly Net result for the year (+€33,181) and Depreciation (+€13,136)
- Deferred charges and accrued income -€5,683
down €5,683 (-24.4%), from €23,304 to €17,621
- Reserves +€31,515
up €31,515 (+42.7%), from €73,729 to €105,244
- Debts after one year -€13,845
down €13,845 (-40.6%), from €34,063 to €20,218
- Trade debts -€8,934
down €8,934 (-76.7%), from €11,648 to €2,714
- Tax, wage and social debts +€3,667
up €3,667 (+44.3%), from €8,281 to €11,948
- Gross operating margin +€14,726
up €14,726 (+28.7%), from €51,224 to €65,950
- Taxes +€6,951
up €6,951 (+72.3%), from €9,617 to €16,568
- Other operating charges -€3,191
down €3,191 (-56.4%), from €5,659 to €2,468
- Financial charges -€1,727
down €1,727 (-20.4%), from €8,479 to €6,751
- Financial income +€1,406
up €1,406 (+29.6%), from €4,748 to €6,154
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,692 | €233,513 | +€14,821 | +6.8% |
| Fixed assets | 21/28 | €47,119 | €35,991 | -€11,128 | -23.6% |
| Tangible fixed assets | 22/27 | €47,119 | €35,991 | -€11,128 | -23.6% |
| Plant, machinery and equipment | 23 | €2,799 | €2,109 | -€690 | -24.6% |
| Furniture and vehicles | 24 | - | €1,938 | +€1,938 | |
| Leasing and similar rights | 25 | €44,320 | €31,943 | -€12,377 | -27.9% |
| Current assets | 29/58 | €171,573 | €197,523 | +€25,949 | +15.1% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,621 | €92,650 | +€25,029 | +37.0% |
| Trade receivables | 40 | €13,015 | €0 | -€13,015 | -100.0% |
| Other amounts receivable | 41 | €54,606 | €92,650 | +€38,044 | +69.7% |
| Cash at bank and in hand | 54/58 | €649 | €7,251 | +€6,603 | +1018.1% |
| Deferred charges and accrued income | 490/1 | €23,304 | €17,621 | -€5,683 | -24.4% |
| Total equity and liabilities | 10/49 | €218,692 | €233,513 | +€14,821 | +6.8% |
| Equity | 10/15 | €88,729 | €120,244 | +€31,515 | +35.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €73,729 | €105,244 | +€31,515 | +42.7% |
| Distributable reserves | 133 | €73,729 | €105,244 | +€31,515 | +42.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,963 | €113,269 | -€16,694 | -12.8% |
| Amounts payable after more than one year | 17 | €34,063 | €20,218 | -€13,845 | -40.6% |
| Financial debts | 170/4 | €34,063 | €20,218 | -€13,845 | -40.6% |
| Amounts payable within one year | 42/48 | €94,901 | €92,173 | -€2,729 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €13,208 | €13,845 | +€636 | +4.8% |
| Financial debts | 43 | €60,046 | €62,000 | +€1,954 | +3.3% |
| Credit institutions | 430/8 | €60,046 | €62,000 | +€1,954 | +3.3% |
| Trade debts | 44 | €11,648 | €2,714 | -€8,934 | -76.7% |
| Suppliers | 440/4 | €11,648 | €2,714 | -€8,934 | -76.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,281 | €11,948 | +€3,667 | +44.3% |
| Taxes | 450/3 | €8,281 | €11,948 | +€3,667 | +44.3% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Accrued charges and deferred income | 492/3 | €999 | €878 | -€121 | -12.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,022 | €13,136 | +€114 | +0.9% |
| Other operating charges | 640/8 | €5,659 | €2,468 | -€3,191 | -56.4% |
| Gross operating margin | 9900 | €51,224 | €65,950 | +€14,726 | +28.7% |
| Operating profit (loss) | 9901 | €32,542 | €50,346 | +€17,804 | +54.7% |
| Financial income | 75/76B | €4,748 | €6,154 | +€1,406 | +29.6% |
| Recurring financial income | 75 | €4,748 | €6,154 | +€1,406 | +29.6% |
| Financial charges | 65/66B | €8,479 | €6,751 | -€1,727 | -20.4% |
| Recurring financial charges | 65 | €8,479 | €6,751 | -€1,727 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €28,811 | €49,749 | +€20,938 | +72.7% |
| Income taxes | 67/77 | €9,617 | €16,568 | +€6,951 | +72.3% |
| Profit (loss) for the period | 9904 | €19,194 | €33,181 | +€13,987 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,194 | €33,181 | +€13,987 | +72.9% |
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 2 October 2026 via checked.be.