Vandeputte Koen: 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 Koen
Largest movements
- Receivables within one year +€287,491
up €287,491 (+14.8%), from €1.9m to €2.2m
of which Other amounts receivable: +€315,099
- Cash -€76,138
down €76,138 (-41.1%), from €185,380 to €109,242
mainly Other debts (-€389,734) and Receivables within one year (-€287,491)
- Other debts -€389,734
down €389,734 (-76.4%), from €509,885 to €120,152
- Reserves +€362,264
up €362,264 (+11.2%), from €3.2m to €3.6m
- Debts after one year +€229,540
up €229,540 (+11.2%), from €2.0m to €2.3m
- Gross operating margin -€130,262
down €130,262 (-13.7%), from €951,253 to €820,991
- Depreciation -€74,395
down €74,395 (-23.1%), from €322,742 to €248,347
- Taxes -€14,342
down €14,342 (-8.2%), from €174,867 to €160,525
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 | €6,358,092 | €6,518,932 | +€160,841 | +2.5% |
| Fixed assets | 21/28 | €4,231,273 | €4,180,206 | -€51,067 | -1.2% |
| Tangible fixed assets | 22/27 | €3,231,003 | €3,179,936 | -€51,067 | -1.6% |
| Land and buildings | 22 | €2,754,203 | €2,714,349 | -€39,854 | -1.4% |
| Plant, machinery and equipment | 23 | €77,480 | €56,646 | -€20,834 | -26.9% |
| Furniture and vehicles | 24 | €97,466 | €96,458 | -€1,008 | -1.0% |
| Leasing and similar rights | 25 | €301,854 | €312,483 | +€10,629 | +3.5% |
| Financial fixed assets | 28 | €1,000,270 | €1,000,270 | = | 0.0% |
| Current assets | 29/58 | €2,126,819 | €2,338,726 | +€211,907 | +10.0% |
| Amounts receivable within one year | 40/41 | €1,936,286 | €2,223,777 | +€287,491 | +14.8% |
| Trade receivables | 40 | €188,624 | €161,016 | -€27,608 | -14.6% |
| Other amounts receivable | 41 | €1,747,662 | €2,062,760 | +€315,099 | +18.0% |
| Cash at bank and in hand | 54/58 | €185,380 | €109,242 | -€76,138 | -41.1% |
| Deferred charges and accrued income | 490/1 | €5,154 | €5,708 | +€554 | +10.7% |
| Total equity and liabilities | 10/49 | €6,358,092 | €6,518,932 | +€160,841 | +2.5% |
| Equity | 10/15 | €3,255,547 | €3,617,811 | +€362,264 | +11.1% |
| Contributions | 10/11 | €18,660 | €18,660 | = | 0.0% |
| Reserves | 13 | €3,236,887 | €3,599,151 | +€362,264 | +11.2% |
| Distributable reserves | 133 | €3,236,887 | €3,599,151 | +€362,264 | +11.2% |
| Amounts payable | 17/49 | €3,102,544 | €2,901,121 | -€201,424 | -6.5% |
| Amounts payable after more than one year | 17 | €2,044,554 | €2,274,094 | +€229,540 | +11.2% |
| Financial debts | 170/4 | €2,044,554 | €2,274,094 | +€229,540 | +11.2% |
| Amounts payable within one year | 42/48 | €1,056,491 | €626,077 | -€430,414 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €353,251 | €377,238 | +€23,987 | +6.8% |
| Financial debts | 43 | €22,508 | - | -€22,508 | |
| Credit institutions | 430/8 | €22,508 | - | -€22,508 | |
| Trade debts | 44 | €84,563 | €98,229 | +€13,665 | +16.2% |
| Suppliers | 440/4 | €84,563 | €98,229 | +€13,665 | +16.2% |
| Taxes, remuneration and social security | 45 | €86,283 | €30,458 | -€55,824 | -64.7% |
| Taxes | 450/3 | €84,710 | €30,458 | -€54,252 | -64.0% |
| Remuneration and social security | 454/9 | €1,572 | - | -€1,572 | |
| Other amounts payable | 47/48 | €509,885 | €120,152 | -€389,734 | -76.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €950 | -€550 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322,742 | €248,347 | -€74,395 | -23.1% |
| Other operating charges | 640/8 | €6,664 | €5,371 | -€1,293 | -19.4% |
| Non-recurring operating charges | 66A | €965 | - | -€965 | |
| Gross operating margin | 9900 | €951,253 | €820,991 | -€130,262 | -13.7% |
| Operating profit (loss) | 9901 | €620,881 | €567,273 | -€53,609 | -8.6% |
| Financial income | 75/76B | €31,522 | €36,596 | +€5,074 | +16.1% |
| Recurring financial income | 75 | €31,522 | €36,596 | +€5,074 | +16.1% |
| Financial charges | 65/66B | €79,939 | €81,079 | +€1,140 | +1.4% |
| Recurring financial charges | 65 | €79,939 | €81,079 | +€1,140 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €572,465 | €522,789 | -€49,675 | -8.7% |
| Income taxes | 67/77 | €174,867 | €160,525 | -€14,342 | -8.2% |
| Profit (loss) for the period | 9904 | €397,597 | €362,264 | -€35,333 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €397,597 | €362,264 | -€35,333 | -8.9% |
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 29 October 2026 via checked.be.