VANDEPITTE: 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.
VANDEPITTE
Largest movements
- Receivables within one year -€63,640
down €63,640 (-70.9%), from €89,766 to €26,126
of which Trade receivables: -€64,627
- Cash +€57,990
up €57,990 (+103.2%), from €56,202 to €114,192
mainly Receivables within one year (+€63,640) and Stocks and contracts (+€5,331)
- Stocks and contracts -€5,331
down €5,331 (-21.2%), from €25,159 to €19,828
- Profit (loss) carried forward -€13,020
down €13,020 (-65.1%), from €20,012 to €6,992
- Gross operating margin -€13,075
down €13,075, from €3,655 to -€9,420
- Financial income +€608
up €608 (+256.0%), from €237 to €845
- Financial charges -€167
down €167 (-82.3%), from €203 to €36
- Depreciation -€149
no longer reported in 2025 (was €149)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,986 | €172,005 | -€10,981 | -6.0% |
| Fixed assets | 21/28 | €11,860 | €11,860 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,860 | €11,860 | = | 0.0% |
| Land and buildings | 22 | €11,860 | €11,860 | = | 0.0% |
| Current assets | 29/58 | €171,127 | €160,146 | -€10,981 | -6.4% |
| Stocks and contracts in progress | 3 | €25,159 | €19,828 | -€5,331 | -21.2% |
| Stocks | 30/36 | €25,159 | €19,828 | -€5,331 | -21.2% |
| Amounts receivable within one year | 40/41 | €89,766 | €26,126 | -€63,640 | -70.9% |
| Trade receivables | 40 | €85,264 | €20,638 | -€64,627 | -75.8% |
| Other amounts receivable | 41 | €4,501 | €5,488 | +€987 | +21.9% |
| Cash at bank and in hand | 54/58 | €56,202 | €114,192 | +€57,990 | +103.2% |
| Total equity and liabilities | 10/49 | €182,986 | €172,005 | -€10,981 | -6.0% |
| Equity | 10/15 | €158,897 | €145,877 | -€13,020 | -8.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €76,885 | €76,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,685 | €70,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,012 | €6,992 | -€13,020 | -65.1% |
| Provisions and deferred taxes | 16 | €23,562 | €23,562 | = | 0.0% |
| Deferred taxes | 168 | €23,562 | €23,562 | = | 0.0% |
| Amounts payable | 17/49 | €528 | €2,567 | +€2,039 | +386.3% |
| Amounts payable within one year | 42/48 | €528 | €2,567 | +€2,039 | +386.3% |
| Trade debts | 44 | €347 | €2,052 | +€1,705 | +491.4% |
| Suppliers | 440/4 | €347 | €2,052 | +€1,705 | +491.4% |
| Other amounts payable | 47/48 | €181 | €515 | +€334 | +184.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | - | -€149 | |
| Other operating charges | 640/8 | €4,352 | €4,409 | +€57 | +1.3% |
| Gross operating margin | 9900 | €3,655 | -€9,420 | -€13,075 | |
| Operating profit (loss) | 9901 | -€846 | -€13,829 | -€12,983 | -1533.9% |
| Financial income | 75/76B | €237 | €845 | +€608 | +256.0% |
| Recurring financial income | 75 | €237 | €845 | +€608 | +256.0% |
| Financial charges | 65/66B | €203 | €36 | -€167 | -82.3% |
| Recurring financial charges | 65 | €203 | €36 | -€167 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | -€812 | -€13,020 | -€12,208 | -1504.2% |
| Profit (loss) for the period | 9904 | -€812 | -€13,020 | -€12,208 | -1504.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€812 | -€13,020 | -€12,208 | -1504.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.