VANDEPUTTE - MAES: 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 - MAES
Largest movements
- Cash -€10,737
down €10,737 (-33.5%), from €32,100 to €21,362
mainly Other debts (-€21,000) and Investment in fixed assets (net) (-€19,049)
- Receivables within one year -€8,632
down €8,632 (-85.2%), from €10,135 to €1,503
of which Trade receivables: -€10,114
- Tangible fixed assets -€2,928
down €2,928 (-7.7%), from €38,224 to €35,296
of which Land and buildings: -€3,312
- Deferred charges and accrued income -€2,917
down €2,917 (-52.2%), from €5,583 to €2,666
- Other debts -€21,000
down €21,000 (-19.7%), from €106,419 to €85,419
- Profit (loss) carried forward -€3,768
down €3,768 (-5.1%), from -€73,624 to -€77,391
- Trade debts +€1,603
up €1,603 (+36.6%), from €4,386 to €5,990
- Tax, wage and social debts -€1,525
down €1,525 (-89.8%), from €1,699 to €174
of which Remuneration and social security: -€1,411
- Depreciation +€5,285
up €5,285 (+31.7%), from €16,692 to €21,977
- Staff costs +€1,334
up €1,334 (+6.7%), from €19,987 to €21,321
- Gross operating margin +€959
up €959 (+2.0%), from €47,397 to €48,355
- Other operating charges -€590
down €590 (-14.2%), from €4,152 to €3,562
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,225 | €65,086 | -€25,139 | -27.9% |
| Fixed assets | 21/28 | €38,224 | €35,296 | -€2,928 | -7.7% |
| Tangible fixed assets | 22/27 | €38,224 | €35,296 | -€2,928 | -7.7% |
| Land and buildings | 22 | €13,903 | €10,591 | -€3,312 | -23.8% |
| Plant, machinery and equipment | 23 | €8,331 | €9,039 | +€707 | +8.5% |
| Furniture and vehicles | 24 | €15,989 | €15,667 | -€323 | -2.0% |
| Current assets | 29/58 | €52,001 | €29,790 | -€22,211 | -42.7% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €4,183 | €4,259 | +€75 | +1.8% |
| Stocks | 30/36 | €4,183 | €4,259 | +€75 | +1.8% |
| Amounts receivable within one year | 40/41 | €10,135 | €1,503 | -€8,632 | -85.2% |
| Trade receivables | 40 | €10,135 | €21 | -€10,114 | -99.8% |
| Other amounts receivable | 41 | - | €1,482 | +€1,482 | |
| Cash at bank and in hand | 54/58 | €32,100 | €21,362 | -€10,737 | -33.5% |
| Deferred charges and accrued income | 490/1 | €5,583 | €2,666 | -€2,917 | -52.2% |
| Total equity and liabilities | 10/49 | €90,225 | €65,086 | -€25,139 | -27.9% |
| Equity | 10/15 | -€22,280 | -€26,497 | -€4,218 | -18.9% |
| Contributions | 10/11 | €18,594 | €18,594 | = | 0.0% |
| Reserves | 13 | €30,951 | €30,951 | = | 0.0% |
| Distributable reserves | 133 | €30,951 | €30,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,624 | -€77,391 | -€3,768 | -5.1% |
| Investment grants | 15 | €1,800 | €1,350 | -€450 | -25.0% |
| Amounts payable | 17/49 | €112,504 | €91,583 | -€20,922 | -18.6% |
| Amounts payable within one year | 42/48 | €112,504 | €91,583 | -€20,922 | -18.6% |
| Trade debts | 44 | €4,386 | €5,990 | +€1,603 | +36.6% |
| Suppliers | 440/4 | €4,386 | €5,990 | +€1,603 | +36.6% |
| Taxes, remuneration and social security | 45 | €1,699 | €174 | -€1,525 | -89.8% |
| Taxes | 450/3 | €114 | - | -€114 | |
| Remuneration and social security | 454/9 | €1,585 | €174 | -€1,411 | -89.0% |
| Other amounts payable | 47/48 | €106,419 | €85,419 | -€21,000 | -19.7% |
| Remuneration, social security and pensions | 62 | €19,987 | €21,321 | +€1,334 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,692 | €21,977 | +€5,285 | +31.7% |
| Other operating charges | 640/8 | €4,152 | €3,562 | -€590 | -14.2% |
| Non-recurring operating charges | 66A | - | €4,750 | +€4,750 | |
| Gross operating margin | 9900 | €47,397 | €48,355 | +€959 | +2.0% |
| Operating profit (loss) | 9901 | €6,566 | -€3,253 | -€9,819 | |
| Financial income | 75/76B | €551 | €629 | +€79 | +14.3% |
| Recurring financial income | 75 | €551 | €629 | +€79 | +14.3% |
| Financial charges | 65/66B | €1,247 | €1,144 | -€103 | -8.3% |
| Recurring financial charges | 65 | €1,247 | €1,144 | -€103 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €5,870 | -€3,768 | -€9,638 | |
| Profit (loss) for the period | 9904 | €5,870 | -€3,768 | -€9,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,870 | -€3,768 | -€9,638 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.