VANDERCAM B-E: what changed
Two fiscal 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.
VANDERCAM B-E
Largest movements
- Cash +€412,528
up €412,528 (+908.1%), from €45,426 to €457,954
mainly Net result for the year (+€200,992) and Investment in fixed assets (net) (+€128,928)
- Tangible fixed assets -€129,769
down €129,769 (-85.1%), from €152,413 to €22,644
of which Plant, machinery and equipment: -€68,423
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€13,846
up €13,846 (+107.6%), from €12,864 to €26,710
of which Trade receivables: +€24,750
- Reserves +€200,992
up €200,992 (+95.6%), from €210,295 to €411,288
- Trade debts -€6,794
down €6,794 (-66.9%), from €10,162 to €3,368
- Gross operating margin +€205,378
up €205,378 (+209.9%), from €97,869 to €303,246
- Taxes +€68,222
up €68,222 (+259.1%), from €26,327 to €94,548
- Depreciation -€3,955
down €3,955 (-82.5%), from €4,796 to €841
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.
Cash bridge derived
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 | €310,952 | €507,308 | +€196,356 | +63.1% |
| Fixed assets | 21/28 | €152,413 | €22,644 | -€129,769 | -85.1% |
| Tangible fixed assets | 22/27 | €152,413 | €22,644 | -€129,769 | -85.1% |
| Land and buildings | 22 | €61,346 | - | -€61,346 | |
| Plant, machinery and equipment | 23 | €71,585 | €3,162 | -€68,423 | -95.6% |
| Furniture and vehicles | 24 | €19,482 | €19,482 | = | 0.0% |
| Current assets | 29/58 | €158,539 | €484,664 | +€326,125 | +205.7% |
| Amounts receivable within one year | 40/41 | €12,864 | €26,710 | +€13,846 | +107.6% |
| Trade receivables | 40 | €1,960 | €26,710 | +€24,750 | +1262.7% |
| Other amounts receivable | 41 | €10,904 | - | -€10,904 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €45,426 | €457,954 | +€412,528 | +908.1% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €310,952 | €507,308 | +€196,356 | +63.1% |
| Equity | 10/15 | €270,295 | €471,288 | +€200,992 | +74.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €210,295 | €411,288 | +€200,992 | +95.6% |
| Distributable reserves | 133 | €210,295 | €411,288 | +€200,992 | +95.6% |
| Amounts payable | 17/49 | €40,656 | €36,020 | -€4,636 | -11.4% |
| Amounts payable within one year | 42/48 | €40,656 | €36,020 | -€4,636 | -11.4% |
| Trade debts | 44 | €10,162 | €3,368 | -€6,794 | -66.9% |
| Suppliers | 440/4 | €10,162 | €3,368 | -€6,794 | -66.9% |
| Taxes, remuneration and social security | 45 | €9,837 | €9,014 | -€823 | -8.4% |
| Taxes | 450/3 | €9,837 | €9,014 | -€823 | -8.4% |
| Other amounts payable | 47/48 | €20,657 | €23,638 | +€2,981 | +14.4% |
| Non-recurring operating income | 76A | €37,120 | €219,692 | +€182,572 | +491.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,796 | €841 | -€3,955 | -82.5% |
| Other operating charges | 640/8 | €4,587 | €4,389 | -€198 | -4.3% |
| Non-recurring operating charges | 66A | €5,277 | €3,121 | -€2,156 | -40.9% |
| Gross operating margin | 9900 | €97,869 | €303,246 | +€205,378 | +209.9% |
| Operating profit (loss) | 9901 | €83,209 | €294,895 | +€211,687 | +254.4% |
| Financial income | 75/76B | €259 | €2,089 | +€1,830 | +705.9% |
| Recurring financial income | 75 | €259 | €2,089 | +€1,830 | +705.9% |
| Financial charges | 65/66B | €817 | €1,444 | +€627 | +76.7% |
| Recurring financial charges | 65 | €817 | €1,444 | +€627 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | €82,651 | €295,541 | +€212,890 | +257.6% |
| Income taxes | 67/77 | €26,327 | €94,548 | +€68,222 | +259.1% |
| Profit (loss) for the period | 9904 | €56,324 | €200,992 | +€144,668 | +256.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,324 | €200,992 | +€144,668 | +256.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.