VANDEPUTTE HOLDING: 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.
What changed
VANDEPUTTE HOLDING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €870,634+€2.0m
Equity
€25.4m
2024 · €22.5m+€2.9m
Cash
€306,676
2024 · €251,209+€55,467
Balance sheet total
€40.7m
2024 · €41.2m-€535,268
Largest movements
Assets
- Receivables within one year -€517,596
down €517,596 (-14.3%), from €3.6m to €3.1m
of which Trade receivables: -€1.6m
Equity and liabilities
- Reserves +€2.9m
up €2.9m (+40.7%), from €7.1m to €10.0m
of which Distributable reserves: +€2.8m
- Other debts -€2.0m
down €2.0m (-48.7%), from €4.1m to €2.1m
- Debts after one year -€1.6m
down €1.6m (-19.3%), from €8.4m to €6.8m
- Current portion of long-term debt +€1.2m
up €1.2m (+109%), from €1.1m to €2.3m
- Short-term financial debts -€800,000
down €800,000 (-24.2%), from €3.3m to €2.5m
Income statement
- Financial income +€2.4m
up €2.4m (+195%), from €1.2m to €3.6m
- Services and other goods -€849,250
down €849,250 (-30.1%), from €2.8m to €2.0m
- Other operating income -€370,681
down €370,681 (-91.5%), from €405,034 to €34,354
- Financial charges +€314,356
up €314,356 (+94.4%), from €332,978 to €647,334
- Turnover -€312,619
down €312,619 (-10.2%), from €3.1m to €2.8m
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.
Result 2024
€870,634
Turnover
-€312,619
Other operating income
-€370,681
Services and other goods
+€849,250
Staff costs
-€79,452
Depreciation
+€6,033
Other operating charges
-€99,460
Other operating items
+€253
Financial income
+€2.4m
Financial charges
-€314,356
Taxes
-€3,287
Result 2025
€2.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€958,329
Investment
+€297,139
Financing
-€1.2m
Cash 2024
€251,209
From operations (derived)
+€958,329
Net result for the year
+€2.9m
Depreciation
+€4,360
Receivables within one year
+€517,596
Deferred charges and accrued income
-€228,359
Trade debts
-€391,146
Tax, wage and social debts
+€35,582
Other debts
-€2.0m
Accrued charges and deferred income
+€108,817
Investment (derived)
+€297,139
Investment in fixed assets (net)
+€397,139
Current investments
-€100,001
Financing
-€1.2m
Debts after one year
-€1.6m
Current portion of long-term debt
+€1.2m
Short-term financial debts
-€800,000
Cash 2025
€306,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,189,272 | €40,654,004 | -€535,268 | -1.3% |
| Fixed assets | 21/28 | €37,252,898 | €36,851,398 | -€401,499 | -1.1% |
| Tangible fixed assets | 22/27 | €71,438 | €69,938 | -€1,499 | -2.1% |
| Land and buildings | 22 | €63,000 | €63,000 | = | 0.0% |
| Furniture and vehicles | 24 | €8,438 | €6,938 | -€1,499 | -17.8% |
| Financial fixed assets | 28 | €37,181,460 | €36,781,460 | -€400,000 | -1.1% |
| Affiliated companies | 280/1 | €36,904,000 | €36,504,000 | -€400,000 | -1.1% |
| Participating interests | 280 | €30,204,000 | €30,204,000 | = | 0.0% |
| Amounts receivable | 281 | €6,700,000 | €6,300,000 | -€400,000 | -6.0% |
| Companies linked by participating interests | 282/3 | €277,460 | €277,460 | = | 0.0% |
| Participating interests | 282 | €251,960 | €251,960 | = | 0.0% |
| Amounts receivable | 283 | €25,500 | €25,500 | = | 0.0% |
| Current assets | 29/58 | €3,936,375 | €3,802,606 | -€133,769 | -3.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,631,343 | €3,113,746 | -€517,596 | -14.3% |
| Trade receivables | 40 | €2,394,414 | €828,787 | -€1.6m | -65.4% |
| Other amounts receivable | 41 | €1,236,929 | €2,284,959 | +€1.0m | +84.7% |
| Current investments | 50/53 | - | €100,001 | +€100,001 | |
| Other investments | 51/53 | - | €100,001 | +€100,001 | |
| Cash at bank and in hand | 54/58 | €251,209 | €306,676 | +€55,467 | +22.1% |
| Deferred charges and accrued income | 490/1 | €53,823 | €282,182 | +€228,359 | +424% |
| Total equity and liabilities | 10/49 | €41,189,272 | €40,654,004 | -€535,268 | -1.3% |
| Equity | 10/15 | €22,501,572 | €25,401,916 | +€2.9m | +12.9% |
| Contributions | 10/11 | €15,375,500 | €15,375,500 | = | 0.0% |
| Capital | 10 | €15,375,500 | €15,375,500 | = | 0.0% |
| Issued capital | 100 | €15,375,500 | €15,375,500 | = | 0.0% |
| Reserves | 13 | €7,126,072 | €10,026,416 | +€2.9m | +40.7% |
| Non-distributable reserves | 130/1 | €898,410 | €1,043,427 | +€145,017 | +16.1% |
| Legal reserve | 130 | €898,410 | €1,043,427 | +€145,017 | +16.1% |
| Distributable reserves | 133 | €6,227,662 | €8,982,989 | +€2.8m | +44.2% |
| Amounts payable | 17/49 | €18,687,700 | €15,252,088 | -€3.4m | -18.4% |
| Amounts payable after more than one year | 17 | €8,385,714 | €6,771,429 | -€1.6m | -19.3% |
| Financial debts | 170/4 | €8,385,714 | €6,771,429 | -€1.6m | -19.3% |
| Subordinated loans | 170 | €1,100,000 | €700,000 | -€400,000 | -36.4% |
| Credit institutions | 173 | €4,285,714 | €3,571,429 | -€714,286 | -16.7% |
| Other loans | 174 | €3,000,000 | €2,500,000 | -€500,000 | -16.7% |
| Amounts payable within one year | 42/48 | €9,760,161 | €7,830,017 | -€1.9m | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €1,114,286 | €2,328,571 | +€1.2m | +109% |
| Financial debts | 43 | €3,300,000 | €2,500,000 | -€800,000 | -24.2% |
| Other loans | 439 | €3,300,000 | €2,500,000 | -€800,000 | -24.2% |
| Trade debts | 44 | €757,074 | €365,928 | -€391,146 | -51.7% |
| Suppliers | 440/4 | €757,074 | €365,928 | -€391,146 | -51.7% |
| Taxes, remuneration and social security | 45 | €505,796 | €541,378 | +€35,582 | +7.0% |
| Taxes | 450/3 | €498,644 | €515,057 | +€16,413 | +3.3% |
| Remuneration and social security | 454/9 | €7,152 | €26,321 | +€19,169 | +268% |
| Other amounts payable | 47/48 | €4,083,005 | €2,094,140 | -€2.0m | -48.7% |
| Accrued charges and deferred income | 492/3 | €541,825 | €650,642 | +€108,817 | +20.1% |
| Operating income | 70/76A | €3,500,891 | €2,801,341 | -€699,551 | -20.0% |
| Turnover | 70 | €3,079,606 | €2,766,987 | -€312,619 | -10.2% |
| Other operating income | 74 | €405,034 | €34,354 | -€370,681 | -91.5% |
| Non-recurring operating income | 76A | €16,251 | €0 | -€16,251 | -100% |
| Operating charges | 60/66A | €3,504,367 | €2,811,493 | -€692,874 | -19.8% |
| Services and other goods | 61 | €2,818,827 | €1,969,577 | -€849,250 | -30.1% |
| Remuneration, social security and pensions | 62 | €228,136 | €307,588 | +€79,452 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,393 | €4,360 | -€6,033 | -58.0% |
| Other operating charges | 640/8 | €430,507 | €529,968 | +€99,460 | +23.1% |
| Non-recurring operating charges | 66A | €16,504 | €0 | -€16,504 | -100% |
| Operating profit (loss) | 9901 | -€3,476 | -€10,152 | -€6,676 | -192% |
| Financial income | 75/76B | €1,207,594 | €3,561,623 | +€2.4m | +195% |
| Recurring financial income | 75 | €1,207,594 | €3,561,623 | +€2.4m | +195% |
| Income from financial fixed assets | 750 | €1,068,449 | €3,260,449 | +€2.2m | +205% |
| Income from current assets | 751 | €139,144 | €300,057 | +€160,912 | +116% |
| Other financial income | 752/9 | €0 | €1,117 | +€1,117 | |
| Financial charges | 65/66B | €332,978 | €647,334 | +€314,356 | +94.4% |
| Recurring financial charges | 65 | €332,978 | €647,334 | +€314,356 | +94.4% |
| Debt charges | 650 | €317,469 | €637,052 | +€319,582 | +101% |
| Other financial charges | 652/9 | €15,509 | €10,283 | -€5,226 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €871,139 | €2,904,136 | +€2.0m | +233% |
| Income taxes | 67/77 | €506 | €3,792 | +€3,287 | +650% |
| Taxes | 670/3 | €506 | €3,792 | +€3,287 | +650% |
| Profit (loss) for the period | 9904 | €870,634 | €2,900,344 | +€2.0m | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €870,634 | €2,900,344 | +€2.0m | +233% |
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 25 October 2026 via checked.be.