VANDERCAM ROGER: 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.
VANDERCAM ROGER
Largest movements
- Tangible fixed assets -€78,202
down €78,202 (-12.6%), from €619,297 to €541,096
of which Plant, machinery and equipment: -€64,121
- Cash +€62,424
up €62,424 (+69.1%), from €90,401 to €152,825
mainly Depreciation (+€116,518) and Current portion of long-term debt (+€60,101)
- Current investments +€60,238
up €60,238 (+150%), from €40,052 to €100,289
- Receivables within one year -€10,895
down €10,895 (-5.6%), from €195,409 to €184,514
of which Trade receivables: -€14,002
- Profit (loss) carried forward -€81,554
down €81,554 (-10.7%), from €762,917 to €681,363
- Current portion of long-term debt +€60,101
up €60,101 (+3,323%), from €1,808 to €61,909
- Debts after one year +€46,406
up €46,406 (+6,439%), from €721 to €47,127
- Turnover -€416,587
no longer reported in 2025 (was €416,587)
- Purchases and services -€317,009
no longer reported in 2025 (was €317,009)
- Gross operating margin -€113,714
down €113,714 (-92.5%), from €122,961 to €9,246
- Other operating charges +€40,333
up €40,333 (+3,991%), from €1,011 to €41,344
- Depreciation -€18,934
down €18,934 (-14.0%), from €135,452 to €116,518
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 | €945,819 | €978,817 | +€32,998 | +3.5% |
| Fixed assets | 21/28 | €619,342 | €541,140 | -€78,202 | -12.6% |
| Tangible fixed assets | 22/27 | €619,297 | €541,096 | -€78,202 | -12.6% |
| Plant, machinery and equipment | 23 | €582,812 | €518,691 | -€64,121 | -11.0% |
| Furniture and vehicles | 24 | €34,833 | €22,405 | -€12,428 | -35.7% |
| Leasing and similar rights | 25 | €1,653 | - | -€1,653 | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €326,476 | €437,676 | +€111,200 | +34.1% |
| Amounts receivable within one year | 40/41 | €195,409 | €184,514 | -€10,895 | -5.6% |
| Trade receivables | 40 | €195,217 | €181,215 | -€14,002 | -7.2% |
| Other amounts receivable | 41 | €192 | €3,299 | +€3,107 | +1,619% |
| Current investments | 50/53 | €40,052 | €100,289 | +€60,238 | +150% |
| Cash at bank and in hand | 54/58 | €90,401 | €152,825 | +€62,424 | +69.1% |
| Deferred charges and accrued income | 490/1 | €614 | €48 | -€566 | -92.2% |
| Total equity and liabilities | 10/49 | €945,819 | €978,817 | +€32,998 | +3.5% |
| Equity | 10/15 | €903,117 | €821,563 | -€81,554 | -9.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €78,200 | €78,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €72,000 | €72,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €762,917 | €681,363 | -€81,554 | -10.7% |
| Amounts payable | 17/49 | €42,701 | €157,254 | +€114,552 | +268% |
| Amounts payable after more than one year | 17 | €721 | €47,127 | +€46,406 | +6,439% |
| Financial debts | 170/4 | €721 | €47,127 | +€46,406 | +6,439% |
| Amounts payable within one year | 42/48 | €41,981 | €110,127 | +€68,146 | +162% |
| Current portion of amounts payable after more than one year | 42 | €1,808 | €61,909 | +€60,101 | +3,323% |
| Trade debts | 44 | €24,462 | €27,592 | +€3,130 | +12.8% |
| Suppliers | 440/4 | €24,462 | €27,592 | +€3,130 | +12.8% |
| Taxes, remuneration and social security | 45 | €8,061 | €12,786 | +€4,725 | +58.6% |
| Taxes | 450/3 | €8,061 | €12,786 | +€4,725 | +58.6% |
| Other amounts payable | 47/48 | €7,649 | €7,840 | +€191 | +2.5% |
| Turnover | 70 | €416,587 | - | -€416,587 | |
| Non-recurring operating income | 76A | €23,383 | - | -€23,383 | |
| Goods, raw materials, services and sundry goods | 60/61 | €317,009 | - | -€317,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,452 | €116,518 | -€18,934 | -14.0% |
| Other operating charges | 640/8 | €1,011 | €41,344 | +€40,333 | +3,991% |
| Gross operating margin | 9900 | €122,961 | €9,246 | -€113,714 | -92.5% |
| Operating profit (loss) | 9901 | -€13,501 | -€148,615 | -€135,114 | -1,001% |
| Financial income | 75/76B | €61,227 | €64,314 | +€3,087 | +5.0% |
| Recurring financial income | 75 | €61,227 | €64,314 | +€3,087 | +5.0% |
| Financial charges | 65/66B | €592 | €253 | -€339 | -57.2% |
| Recurring financial charges | 65 | €592 | €253 | -€339 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €47,133 | -€84,554 | -€131,688 | |
| Income taxes | 67/77 | €3,000 | -€3,000 | -€6,000 | |
| Profit (loss) for the period | 9904 | €44,133 | -€81,554 | -€125,688 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,133 | -€81,554 | -€125,688 |
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 23 October 2026 via checked.be.