VANDENDRIESSCHE PATRICK: what changed
Two financial 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.
VANDENDRIESSCHE PATRICK
Largest movements
- Tangible fixed assets -€27,022
down €27,022 (-21.7%), from €124,298 to €97,276
of which Furniture and vehicles: -€26,771
- Cash -€9,696
down €9,696 (-6.4%), from €150,548 to €140,853
mainly Debts after one year (-€35,881) and Other debts (-€18,096)
- Receivables within one year +€8,235
up €8,235 (+6.5%), from €127,293 to €135,528
of which Trade receivables: +€6,503
- Debts after one year -€35,881
down €35,881 (-52.0%), from €69,025 to €33,144
- Reserves +€21,000
up €21,000 (+20.1%), from €104,579 to €125,579
of which Distributable reserves: +€21,000
- Other debts -€18,096
down €18,096 (-43.3%), from €41,829 to €23,733
- Trade debts +€9,500
up €9,500 (+100%), from €9,489 to €18,989
- Current portion of long-term debt -€5,129
down €5,129 (-11.9%), from €42,999 to €37,870
- Purchases and services -€63,649
down €63,649 (-15.1%), from €421,629 to €357,981
- Turnover -€63,185
down €63,185 (-10.1%), from €627,201 to €564,016
- Gross operating margin -€61,566
down €61,566 (-20.5%), from €300,807 to €239,241
- Staff costs -€38,663
down €38,663 (-24.0%), from €160,892 to €122,228
- Taxes +€10,489
up €10,489 (+423%), from €2,480 to €12,969
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,223 | €460,313 | -€26,910 | -5.5% |
| Fixed assets | 21/28 | €125,485 | €98,903 | -€26,582 | -21.2% |
| Tangible fixed assets | 22/27 | €124,298 | €97,276 | -€27,022 | -21.7% |
| Plant, machinery and equipment | 23 | €409 | €158 | -€251 | -61.4% |
| Furniture and vehicles | 24 | €123,889 | €97,118 | -€26,771 | -21.6% |
| Financial fixed assets | 28 | €1,187 | €1,627 | +€440 | +37.1% |
| Current assets | 29/58 | €361,738 | €361,410 | -€328 | -0.1% |
| Amounts receivable within one year | 40/41 | €127,293 | €135,528 | +€8,235 | +6.5% |
| Trade receivables | 40 | €127,107 | €133,611 | +€6,503 | +5.1% |
| Other amounts receivable | 41 | €185 | €1,917 | +€1,732 | +935% |
| Current investments | 50/53 | €83,454 | €83,354 | -€100 | -0.1% |
| Cash at bank and in hand | 54/58 | €150,548 | €140,853 | -€9,696 | -6.4% |
| Deferred charges and accrued income | 490/1 | €443 | €1,675 | +€1,232 | +278% |
| Total equity and liabilities | 10/49 | €487,223 | €460,313 | -€26,910 | -5.5% |
| Equity | 10/15 | €309,968 | €331,046 | +€21,078 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,579 | €125,579 | +€21,000 | +20.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €102,719 | €123,719 | +€21,000 | +20.4% |
| Profit (loss) carried forward | 14 | €199,189 | €199,267 | +€78 | 0.0% |
| Amounts payable | 17/49 | €177,255 | €129,267 | -€47,988 | -27.1% |
| Amounts payable after more than one year | 17 | €69,025 | €33,144 | -€35,881 | -52.0% |
| Financial debts | 170/4 | €69,025 | €33,144 | -€35,881 | -52.0% |
| Amounts payable within one year | 42/48 | €108,003 | €96,123 | -€11,880 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €42,999 | €37,870 | -€5,129 | -11.9% |
| Trade debts | 44 | €9,489 | €18,989 | +€9,500 | +100% |
| Suppliers | 440/4 | €9,489 | €18,989 | +€9,500 | +100% |
| Taxes, remuneration and social security | 45 | €13,686 | €15,531 | +€1,845 | +13.5% |
| Taxes | 450/3 | €4,142 | €5,136 | +€994 | +24.0% |
| Remuneration and social security | 454/9 | €9,544 | €10,395 | +€851 | +8.9% |
| Other amounts payable | 47/48 | €41,829 | €23,733 | -€18,096 | -43.3% |
| Accrued charges and deferred income | 492/3 | €227 | - | -€227 | |
| Turnover | 70 | €627,201 | €564,016 | -€63,185 | -10.1% |
| Non-recurring operating income | 76A | €32,000 | - | -€32,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €421,629 | €357,981 | -€63,649 | -15.1% |
| Remuneration, social security and pensions | 62 | €160,892 | €122,228 | -€38,663 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,130 | €27,022 | -€1,109 | -3.9% |
| Other operating charges | 640/8 | €62,130 | €53,884 | -€8,246 | -13.3% |
| Gross operating margin | 9900 | €300,807 | €239,241 | -€61,566 | -20.5% |
| Operating profit (loss) | 9901 | €49,655 | €36,107 | -€13,548 | -27.3% |
| Financial income | 75/76B | €2,295 | €1,422 | -€873 | -38.0% |
| Recurring financial income | 75 | €2,295 | €1,422 | -€873 | -38.0% |
| Financial charges | 65/66B | €5,526 | €3,482 | -€2,044 | -37.0% |
| Recurring financial charges | 65 | €5,526 | €3,482 | -€2,044 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €46,424 | €34,047 | -€12,377 | -26.7% |
| Income taxes | 67/77 | €2,480 | €12,969 | +€10,489 | +423% |
| Profit (loss) for the period | 9904 | €43,944 | €21,078 | -€22,866 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,944 | €21,078 | -€22,866 | -52.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.