Vandeputte Ignace: 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.
Vandeputte Ignace
Largest movements
- Current investments +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Receivables within one year +€13,525
up €13,525 (+892%), from €1,516 to €15,041
of which Trade receivables: +€12,614
- Tangible fixed assets -€11,001
down €11,001 (-14.1%), from €78,016 to €67,015
of which Furniture and vehicles: -€13,166
- Reserves +€55,421
up €55,421 (+37.9%), from €146,036 to €201,457
- Trade debts -€5,653
down €5,653 (-56.4%), from €10,014 to €4,361
- Other debts +€4,209
up €4,209 (+67.1%), from €6,268 to €10,477
- Gross operating margin +€58,010
up €58,010 (+131%), from €44,148 to €102,158
- Taxes +€16,385
up €16,385 (+160%), from €10,214 to €26,600
- Depreciation +€6,781
up €6,781 (+54.3%), from €12,486 to €19,267
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 | €186,533 | €238,530 | +€51,998 | +27.9% |
| Fixed assets | 21/28 | €78,016 | €67,015 | -€11,001 | -14.1% |
| Tangible fixed assets | 22/27 | €78,016 | €67,015 | -€11,001 | -14.1% |
| Plant, machinery and equipment | 23 | €5,876 | €11,477 | +€5,601 | +95.3% |
| Furniture and vehicles | 24 | €58,491 | €45,325 | -€13,166 | -22.5% |
| Other tangible fixed assets | 26 | €13,649 | €10,213 | -€3,436 | -25.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €108,517 | €171,515 | +€62,999 | +58.1% |
| Stocks and contracts in progress | 3 | €14,118 | €12,747 | -€1,371 | -9.7% |
| Stocks | 30/36 | €14,118 | €12,747 | -€1,371 | -9.7% |
| Amounts receivable within one year | 40/41 | €1,516 | €15,041 | +€13,525 | +892% |
| Trade receivables | 40 | €0 | €12,614 | +€12,614 | |
| Other amounts receivable | 41 | €1,516 | €2,427 | +€911 | +60.1% |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100% |
| Cash at bank and in hand | 54/58 | €42,856 | €43,206 | +€350 | +0.8% |
| Deferred charges and accrued income | 490/1 | €27 | €522 | +€494 | +1,815% |
| Total equity and liabilities | 10/49 | €186,533 | €238,530 | +€51,998 | +27.9% |
| Equity | 10/15 | €164,636 | €220,057 | +€55,421 | +33.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,036 | €201,457 | +€55,421 | +37.9% |
| Distributable reserves | 133 | €146,036 | €201,457 | +€55,421 | +37.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,896 | €18,473 | -€3,423 | -15.6% |
| Amounts payable within one year | 42/48 | €21,896 | €18,473 | -€3,423 | -15.6% |
| Trade debts | 44 | €10,014 | €4,361 | -€5,653 | -56.4% |
| Suppliers | 440/4 | €10,014 | €4,361 | -€5,653 | -56.4% |
| Taxes, remuneration and social security | 45 | €5,614 | €3,635 | -€1,978 | -35.2% |
| Taxes | 450/3 | €5,614 | €3,635 | -€1,978 | -35.2% |
| Other amounts payable | 47/48 | €6,268 | €10,477 | +€4,209 | +67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,486 | €19,267 | +€6,781 | +54.3% |
| Other operating charges | 640/8 | €1,000 | €896 | -€104 | -10.4% |
| Gross operating margin | 9900 | €44,148 | €102,158 | +€58,010 | +131% |
| Operating profit (loss) | 9901 | €30,661 | €81,995 | +€51,334 | +167% |
| Financial income | 75/76B | €2,105 | €1,896 | -€209 | -9.9% |
| Recurring financial income | 75 | €2,105 | €1,896 | -€209 | -9.9% |
| Financial charges | 65/66B | €172 | €205 | +€33 | +19.1% |
| Recurring financial charges | 65 | €172 | €205 | +€33 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €32,594 | €83,686 | +€51,092 | +157% |
| Income taxes | 67/77 | €10,214 | €26,600 | +€16,385 | +160% |
| Profit (loss) for the period | 9904 | €22,380 | €57,087 | +€34,707 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €22,380 | €57,087 | +€34,707 | +155% |
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 22 October 2026 via checked.be.