VANDEPOEL: 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.
VANDEPOEL
Largest movements
- Tangible fixed assets -€6,150
down €6,150 (-4.3%), from €144,379 to €138,229
- Cash +€4,977
up €4,977 (+11.9%), from €41,764 to €46,742
mainly Net result for the year (+€20,364) and Depreciation (+€6,150)
- Other debts -€21,000
down €21,000 (-7.2%), from €292,968 to €271,968
- Profit (loss) carried forward +€20,364
up €20,364 (+6.6%), from -€308,546 to -€288,181
- Gross operating margin +€4,777
up €4,777 (+19.9%), from €23,997 to €28,774
- Taxes -€971
no longer reported in 2025 (was €971)
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 | €186,143 | €184,971 | -€1,172 | -0.6% |
| Fixed assets | 21/28 | €144,379 | €138,229 | -€6,150 | -4.3% |
| Tangible fixed assets | 22/27 | €144,379 | €138,229 | -€6,150 | -4.3% |
| Land and buildings | 22 | €144,379 | €138,229 | -€6,150 | -4.3% |
| Current assets | 29/58 | €41,764 | €46,742 | +€4,977 | +11.9% |
| Cash at bank and in hand | 54/58 | €41,764 | €46,742 | +€4,977 | +11.9% |
| Total equity and liabilities | 10/49 | €186,143 | €184,971 | -€1,172 | -0.6% |
| Equity | 10/15 | -€107,796 | -€87,431 | +€20,364 | +18.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €138,250 | €138,250 | = | 0.0% |
| Distributable reserves | 133 | €138,250 | €138,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,546 | -€288,181 | +€20,364 | +6.6% |
| Amounts payable | 17/49 | €293,939 | €272,403 | -€21,537 | -7.3% |
| Amounts payable within one year | 42/48 | €293,939 | €272,403 | -€21,537 | -7.3% |
| Trade debts | 44 | - | €434 | +€434 | |
| Suppliers | 440/4 | - | €434 | +€434 | |
| Taxes, remuneration and social security | 45 | €971 | - | -€971 | |
| Taxes | 450/3 | €971 | - | -€971 | |
| Other amounts payable | 47/48 | €292,968 | €271,968 | -€21,000 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,150 | €6,150 | = | 0.0% |
| Other operating charges | 640/8 | €2,208 | €2,186 | -€21 | -1.0% |
| Gross operating margin | 9900 | €23,997 | €28,774 | +€4,777 | +19.9% |
| Operating profit (loss) | 9901 | €15,640 | €20,438 | +€4,798 | +30.7% |
| Financial charges | 65/66B | €69 | €74 | +€5 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €15,571 | €20,364 | +€4,794 | +30.8% |
| Income taxes | 67/77 | €971 | - | -€971 | |
| Profit (loss) for the period | 9904 | €14,600 | €20,364 | +€5,764 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,600 | €20,364 | +€5,764 | +39.5% |
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 8 October 2026 via checked.be.