VANDERDONCK – DE FERM: what changed
What changed
VANDERDONCK – DE FERM
NACE 47.527, Retail trade
filed annual accounts (NBB)
Net result for the year
-€7,288
2024 · -€11,954+€4,666
Equity
-€21,957
2024 · -€14,669-€7,288
Cash
-
2024 · €0
Balance sheet total
€182,633
2024 · €128,917+€53,716
Largest movements
Assets
- Receivables within one year +€71,618
up €71,618 (+143%), from €50,176 to €121,794
of which Trade receivables: +€79,984
- Tangible fixed assets -€18,201
down €18,201 (-26.9%), from €67,635 to €49,435
of which Leasing and similar rights: -€13,763
Equity and liabilities
- Other debts +€34,378
up €34,378 (+117%), from €29,502 to €63,881
- Trade debts +€33,539
up €33,539 (+57.1%), from €58,753 to €92,292
- Debts after one year -€12,143
down €12,143 (-28.1%), from €43,250 to €31,108
- Profit (loss) carried forward -€7,288
down €7,288 (-20.2%), from -€36,112 to -€43,400
- Short-term financial debts +€4,408
up €4,408 (+752%), from €586 to €4,994
Income statement
- Staff costs -€61,150
down €61,150 (-42.8%), from €142,950 to €81,799
- Gross operating margin -€59,565
down €59,565 (-37.5%), from €158,844 to €99,278
- Depreciation -€6,245
down €6,245 (-27.5%), from €22,720 to €16,475
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€11,954
Gross operating margin
-€59,565
Staff costs
+€61,150
Depreciation
+€6,245
Other operating charges
-€455
Financial income
-€1,312
Financial charges
-€1,397
Result 2025
-€7,288
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,361
Investment
+€1,725
Financing
-€7,086
Cash 2024
€0
From operations (derived)
+€5,361
Net result for the year
-€7,288
Depreciation
+€16,475
Stocks and contracts
-€299
Receivables within one year
-€71,618
Trade debts
+€33,539
Tax, wage and social debts
+€173
Other debts
+€34,378
Investment (derived)
+€1,725
Investment in fixed assets (net)
+€1,725
Financing
-€7,086
Debts after one year
-€12,143
Current portion of long-term debt
+€648
Short-term financial debts
+€4,408
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,917 | €182,633 | +€53,716 | +41.7% |
| Fixed assets | 21/28 | €67,635 | €49,435 | -€18,201 | -26.9% |
| Tangible fixed assets | 22/27 | €67,635 | €49,435 | -€18,201 | -26.9% |
| Plant, machinery and equipment | 23 | €10,824 | €7,412 | -€3,412 | -31.5% |
| Furniture and vehicles | 24 | €1,025 | €0 | -€1,025 | -100% |
| Leasing and similar rights | 25 | €55,786 | €42,023 | -€13,763 | -24.7% |
| Current assets | 29/58 | €61,282 | €133,198 | +€71,917 | +117% |
| Stocks and contracts in progress | 3 | €11,105 | €11,404 | +€299 | +2.7% |
| Stocks | 30/36 | €11,105 | €11,404 | +€299 | +2.7% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €50,176 | €121,794 | +€71,618 | +143% |
| Trade receivables | 40 | €38,189 | €118,173 | +€79,984 | +209% |
| Other amounts receivable | 41 | €11,988 | €3,622 | -€8,366 | -69.8% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €128,917 | €182,633 | +€53,716 | +41.7% |
| Equity | 10/15 | -€14,669 | -€21,957 | -€7,288 | -49.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,843 | €2,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,843 | €2,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,112 | -€43,400 | -€7,288 | -20.2% |
| Amounts payable | 17/49 | €143,587 | €204,591 | +€61,004 | +42.5% |
| Amounts payable after more than one year | 17 | €43,250 | €31,108 | -€12,143 | -28.1% |
| Financial debts | 170/4 | €43,250 | €31,108 | -€12,143 | -28.1% |
| Amounts payable within one year | 42/48 | €100,336 | €173,483 | +€73,146 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | €11,494 | €12,143 | +€648 | +5.6% |
| Financial debts | 43 | €586 | €4,994 | +€4,408 | +752% |
| Credit institutions | 430/8 | €586 | €4,994 | +€4,408 | +752% |
| Trade debts | 44 | €58,753 | €92,292 | +€33,539 | +57.1% |
| Suppliers | 440/4 | €58,753 | €92,292 | +€33,539 | +57.1% |
| Taxes, remuneration and social security | 45 | €0 | €173 | +€173 | |
| Remuneration and social security | 454/9 | €0 | €173 | +€173 | |
| Other amounts payable | 47/48 | €29,502 | €63,881 | +€34,378 | +117% |
| Remuneration, social security and pensions | 62 | €142,950 | €81,799 | -€61,150 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,720 | €16,475 | -€6,245 | -27.5% |
| Other operating charges | 640/8 | €2,942 | €3,398 | +€455 | +15.5% |
| Gross operating margin | 9900 | €158,844 | €99,278 | -€59,565 | -37.5% |
| Operating profit (loss) | 9901 | -€9,769 | -€2,394 | +€7,375 | +75.5% |
| Financial income | 75/76B | €1,955 | €643 | -€1,312 | -67.1% |
| Recurring financial income | 75 | €1,955 | €643 | -€1,312 | -67.1% |
| Financial charges | 65/66B | €4,140 | €5,537 | +€1,397 | +33.7% |
| Recurring financial charges | 65 | €4,140 | €5,537 | +€1,397 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,954 | -€7,288 | +€4,666 | +39.0% |
| Profit (loss) for the period | 9904 | -€11,954 | -€7,288 | +€4,666 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,954 | -€7,288 | +€4,666 | +39.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.