VANDEPUTTE - VALCKE: 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 - VALCKE
Largest movements
- Current investments -€911,226
down €911,226 (-100%), from €911,226 to €0
- Receivables within one year +€733,068
up €733,068 (+399%), from €183,896 to €916,964
of which Other amounts receivable: +€717,943
- Cash -€554,417
down €554,417 (-100%), from €554,417 to €0
mainly Contributions, distributions and other (-€1.1m) and Receivables within one year (-€733,068)
- Reserves -€406,516
down €406,516 (-14.3%), from €2.8m to €2.4m
of which Distributable reserves: -€406,516
- Other debts -€322,400
down €322,400 (-22.0%), from €1.5m to €1.1m
- Financial income -€541,011
down €541,011 (-41.1%), from €1.3m to €776,030
- Taxes +€154,320
up €154,320 (+349%), from €44,158 to €198,479
- Gross operating margin +€7,150
up €7,150 (+5.2%), from €137,950 to €145,100
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 | €6,052,931 | €5,323,751 | -€729,180 | -12.0% |
| Fixed assets | 21/28 | €4,401,000 | €4,401,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,401,000 | €4,401,000 | = | 0.0% |
| Current assets | 29/58 | €1,651,931 | €922,751 | -€729,180 | -44.1% |
| Amounts receivable within one year | 40/41 | €183,896 | €916,964 | +€733,068 | +399% |
| Trade receivables | 40 | €15,125 | €30,250 | +€15,125 | +100% |
| Other amounts receivable | 41 | €168,771 | €886,714 | +€717,943 | +425% |
| Current investments | 50/53 | €911,226 | €0 | -€911,226 | -100% |
| Cash at bank and in hand | 54/58 | €554,417 | €0 | -€554,417 | -100% |
| Deferred charges and accrued income | 490/1 | €2,392 | €5,787 | +€3,395 | +142% |
| Total equity and liabilities | 10/49 | €6,052,931 | €5,323,751 | -€729,180 | -12.0% |
| Equity | 10/15 | €4,576,959 | €4,170,444 | -€406,516 | -8.9% |
| Contributions | 10/11 | €1,736,000 | €1,736,000 | = | 0.0% |
| Capital | 10 | €1,736,000 | €1,736,000 | = | 0.0% |
| Issued capital | 100 | €1,736,000 | €1,736,000 | = | 0.0% |
| Reserves | 13 | €2,840,959 | €2,434,444 | -€406,516 | -14.3% |
| Non-distributable reserves | 130/1 | €173,600 | €173,600 | = | 0.0% |
| Legal reserve | 130 | €173,600 | €173,600 | = | 0.0% |
| Distributable reserves | 133 | €2,667,359 | €2,260,844 | -€406,516 | -15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,475,971 | €1,153,307 | -€322,664 | -21.9% |
| Amounts payable within one year | 42/48 | €1,475,971 | €1,152,923 | -€323,048 | -21.9% |
| Trade debts | 44 | €1,898 | €998 | -€900 | -47.4% |
| Suppliers | 440/4 | €1,898 | €998 | -€900 | -47.4% |
| Taxes, remuneration and social security | 45 | €7,673 | €7,925 | +€251 | +3.3% |
| Taxes | 450/3 | €7,673 | €7,925 | +€251 | +3.3% |
| Other amounts payable | 47/48 | €1,466,400 | €1,144,000 | -€322,400 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €384 | +€384 | |
| Other operating charges | 640/8 | €265 | €226 | -€39 | -14.7% |
| Non-recurring operating charges | 66A | €6,256 | €0 | -€6,256 | -100% |
| Gross operating margin | 9900 | €137,950 | €145,100 | +€7,150 | +5.2% |
| Operating profit (loss) | 9901 | €131,429 | €144,874 | +€13,445 | +10.2% |
| Financial income | 75/76B | €1,317,041 | €776,030 | -€541,011 | -41.1% |
| Recurring financial income | 75 | €1,317,041 | €776,030 | -€541,011 | -41.1% |
| Financial charges | 65/66B | €473 | €941 | +€468 | +99.1% |
| Recurring financial charges | 65 | €473 | €941 | +€468 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | €1,447,997 | €919,963 | -€528,034 | -36.5% |
| Income taxes | 67/77 | €44,158 | €198,479 | +€154,320 | +349% |
| Profit (loss) for the period | 9904 | €1,403,839 | €721,484 | -€682,354 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,403,839 | €721,484 | -€682,354 | -48.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.