VANDEPUTTE MARC: 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 MARC
Largest movements
- Current investments +€197,000
new in 2025: €197,000
- Tangible fixed assets +€157,320
up €157,320 (+36.4%), from €432,682 to €590,001
of which Furniture and vehicles: +€169,997
- Receivables within one year +€94,399
up €94,399 (+20.9%), from €450,597 to €544,996
of which Other amounts receivable: +€88,554
- Reserves +€295,939
up €295,939 (+27.6%), from €1.1m to €1.4m
of which Distributable reserves: +€295,939
- Debts after one year +€134,293
up €134,293 (+125%), from €107,761 to €242,054
- Profit (loss) carried forward -€71,698
down €71,698 (-100%), from €71,698 to €0
- Tax, wage and social debts +€59,606
up €59,606 (+150%), from €39,852 to €99,458
of which Taxes: +€58,778
- Gross operating margin +€185,296
up €185,296 (+33.6%), from €551,093 to €736,389
- Taxes +€50,992
up €50,992 (+61.5%), from €82,903 to €133,895
- Depreciation +€13,199
up €13,199 (+6.4%), from €205,620 to €218,819
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 | €1,667,565 | €2,119,003 | +€451,439 | +27.1% |
| Fixed assets | 21/28 | €432,682 | €590,001 | +€157,320 | +36.4% |
| Tangible fixed assets | 22/27 | €432,682 | €590,001 | +€157,320 | +36.4% |
| Plant, machinery and equipment | 23 | €13,586 | €10,163 | -€3,423 | -25.2% |
| Furniture and vehicles | 24 | €391,121 | €561,118 | +€169,997 | +43.5% |
| Other tangible fixed assets | 26 | €27,975 | €18,720 | -€9,255 | -33.1% |
| Current assets | 29/58 | €1,234,883 | €1,529,002 | +€294,119 | +23.8% |
| Stocks and contracts in progress | 3 | €246,829 | €252,654 | +€5,825 | +2.4% |
| Stocks | 30/36 | €246,829 | €252,654 | +€5,825 | +2.4% |
| Amounts receivable within one year | 40/41 | €450,597 | €544,996 | +€94,399 | +20.9% |
| Trade receivables | 40 | €344,447 | €350,292 | +€5,845 | +1.7% |
| Other amounts receivable | 41 | €106,150 | €194,705 | +€88,554 | +83.4% |
| Current investments | 50/53 | - | €197,000 | +€197,000 | |
| Cash at bank and in hand | 54/58 | €537,456 | €534,351 | -€3,105 | -0.6% |
| Total equity and liabilities | 10/49 | €1,667,565 | €2,119,003 | +€451,439 | +27.1% |
| Equity | 10/15 | €1,145,814 | €1,370,055 | +€224,241 | +19.6% |
| Contributions | 10/11 | €1,879 | €1,879 | = | 0.0% |
| Reserves | 13 | €1,072,237 | €1,368,175 | +€295,939 | +27.6% |
| Tax-exempt reserves | 132 | €20,807 | €20,807 | = | 0.0% |
| Distributable reserves | 133 | €1,051,429 | €1,347,368 | +€295,939 | +28.1% |
| Profit (loss) carried forward | 14 | €71,698 | €0 | -€71,698 | -100% |
| Amounts payable | 17/49 | €521,751 | €748,949 | +€227,198 | +43.5% |
| Amounts payable after more than one year | 17 | €107,761 | €242,054 | +€134,293 | +125% |
| Financial debts | 170/4 | €107,761 | €242,054 | +€134,293 | +125% |
| Amounts payable within one year | 42/48 | €413,990 | €506,895 | +€92,905 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €155,660 | €167,517 | +€11,858 | +7.6% |
| Trade debts | 44 | €172,320 | €184,611 | +€12,291 | +7.1% |
| Suppliers | 440/4 | €172,320 | €184,611 | +€12,291 | +7.1% |
| Taxes, remuneration and social security | 45 | €39,852 | €99,458 | +€59,606 | +150% |
| Taxes | 450/3 | €33,986 | €92,764 | +€58,778 | +173% |
| Remuneration and social security | 454/9 | €5,866 | €6,694 | +€828 | +14.1% |
| Other amounts payable | 47/48 | €46,158 | €55,308 | +€9,150 | +19.8% |
| Non-recurring operating income | 76A | €0 | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €68,323 | €70,190 | +€1,867 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,620 | €218,819 | +€13,199 | +6.4% |
| Other operating charges | 640/8 | €19,311 | €21,931 | +€2,620 | +13.6% |
| Gross operating margin | 9900 | €551,093 | €736,389 | +€185,296 | +33.6% |
| Operating profit (loss) | 9901 | €257,840 | €425,449 | +€167,609 | +65.0% |
| Financial income | 75/76B | €385 | €2,191 | +€1,806 | +469% |
| Recurring financial income | 75 | €385 | €2,191 | +€1,806 | +469% |
| Financial charges | 65/66B | €10,539 | €14,948 | +€4,409 | +41.8% |
| Recurring financial charges | 65 | €10,539 | €14,948 | +€4,409 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €247,686 | €412,692 | +€165,006 | +66.6% |
| Income taxes | 67/77 | €82,903 | €133,895 | +€50,992 | +61.5% |
| Profit (loss) for the period | 9904 | €164,783 | €278,797 | +€114,014 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164,783 | €278,797 | +€114,014 | +69.2% |
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.