VANDERHEYDEN MELEN: 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.
What changed
VANDERHEYDEN MELEN
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€458,649
2024 · €629,287-€170,638
Equity
€2.9m
2024 · €2.7m+€158,649
Cash
€236,325
2024 · €91,691+€144,635
Balance sheet total
€5.7m
2024 · €7.0m-€1.3m
Largest movements
Assets
- Receivables within one year -€905,584
down €905,584 (-62.6%), from €1.4m to €540,087
of which Other amounts receivable: -€749,575
- Stocks and contracts -€547,575
down €547,575 (-12.6%), from €4.3m to €3.8m
- Cash +€144,635
up €144,635 (+158%), from €91,691 to €236,325
mainly Receivables within one year (+€905,584) and Stocks and contracts (+€547,575)
- Tangible fixed assets -€84,725
down €84,725 (-8.3%), from €1.0m to €937,393
of which Land and buildings: -€59,682
Equity and liabilities
- Short-term financial debts -€700,000
down €700,000 (-100%), from €700,000 to €0
- Trade debts -€655,553
down €655,553 (-48.1%), from €1.4m to €707,806
- Other debts -€281,000
down €281,000 (-19.0%), from €1.5m to €1.2m
- Reserves +€158,649
up €158,649 (+6.1%), from €2.6m to €2.7m
of which Distributable reserves: +€158,649
- Debts after one year +€110,690
up €110,690 (+57.9%), from €191,052 to €301,742
Income statement
- Turnover +€24.3m
new in 2025: €24.3m
- Goods and materials +€21.5m
new in 2025: €21.5m
of which Purchases: +€21.0m
- Gross operating margin -€2.0m
no longer reported in 2025 (was €2.0m)
- Services and other goods +€1.5m
new in 2025: €1.5m
- Other operating income +€605,647
new in 2025: €605,647
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.
Result 2024
€629,287
Turnover
+€24.3m
Other operating income
+€605,647
Goods and materials
-€21.5m
Services and other goods
-€1.5m
Staff costs
-€149,651
Depreciation
-€45,327
Write-downs
+€58,884
Other operating charges
-€1,882
Other operating items
-€2.0m
Financial income
-€15,592
Financial charges
+€41,129
Taxes
+€33,976
Result 2025
€458,649
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€97,620
Financing
-€867,437
Cash 2024
€91,691
From operations (derived)
+€1.1m
Net result for the year
+€458,649
Depreciation
+€182,345
Stocks and contracts
+€547,575
Receivables within one year
+€905,584
Deferred charges and accrued income
-€54,589
Trade debts
-€655,553
Tax, wage and social debts
+€32,982
Advances received
-€9,796
Other debts
-€281,000
Accrued charges and deferred income
-€16,505
Investment (derived)
-€97,620
Investment in fixed assets (net)
-€97,620
Financing
-€867,437
Debts after one year
+€110,690
Current portion of long-term debt
+€21,873
Short-term financial debts
-€700,000
Contributions, distributions and other
-€300,000
Cash 2025
€236,325
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,013,677 | €5,675,017 | -€1.3m | -19.1% |
| Fixed assets | 21/28 | €1,022,203 | €937,478 | -€84,725 | -8.3% |
| Tangible fixed assets | 22/27 | €1,022,118 | €937,393 | -€84,725 | -8.3% |
| Land and buildings | 22 | €487,601 | €427,919 | -€59,682 | -12.2% |
| Plant, machinery and equipment | 23 | €405,107 | €362,777 | -€42,330 | -10.4% |
| Furniture and vehicles | 24 | €129,410 | €146,698 | +€17,287 | +13.4% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €85 | +€85 | |
| Amounts receivable and cash guarantees | 285/8 | - | €85 | +€85 | |
| Current assets | 29/58 | €5,991,474 | €4,737,538 | -€1.3m | -20.9% |
| Stocks and contracts in progress | 3 | €4,345,076 | €3,797,501 | -€547,575 | -12.6% |
| Stocks | 30/36 | €4,345,076 | €3,797,501 | -€547,575 | -12.6% |
| Goods purchased for resale | 34 | - | €3,797,501 | +€3.8m | |
| Amounts receivable within one year | 40/41 | €1,445,671 | €540,087 | -€905,584 | -62.6% |
| Trade receivables | 40 | €555,671 | €399,662 | -€156,010 | -28.1% |
| Other amounts receivable | 41 | €890,000 | €140,425 | -€749,575 | -84.2% |
| Cash at bank and in hand | 54/58 | €91,691 | €236,325 | +€144,635 | +158% |
| Deferred charges and accrued income | 490/1 | €109,035 | €163,625 | +€54,589 | +50.1% |
| Total equity and liabilities | 10/49 | €7,013,677 | €5,675,017 | -€1.3m | -19.1% |
| Equity | 10/15 | €2,716,778 | €2,875,427 | +€158,649 | +5.8% |
| Contributions | 10/11 | €134,719 | €134,719 | = | 0.0% |
| Capital | 10 | €134,719 | €134,719 | = | 0.0% |
| Issued capital | 100 | €134,719 | €134,719 | = | 0.0% |
| Reserves | 13 | €2,582,059 | €2,740,707 | +€158,649 | +6.1% |
| Non-distributable reserves | 130/1 | €13,472 | €13,472 | = | 0.0% |
| Legal reserve | 130 | €13,472 | €13,472 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,318 | €51,318 | = | 0.0% |
| Distributable reserves | 133 | €2,517,269 | €2,675,918 | +€158,649 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,296,899 | €2,799,590 | -€1.5m | -34.8% |
| Amounts payable after more than one year | 17 | €191,052 | €301,742 | +€110,690 | +57.9% |
| Financial debts | 170/4 | €191,052 | €301,742 | +€110,690 | +57.9% |
| Credit institutions | 173 | - | €301,742 | +€301,742 | |
| Amounts payable within one year | 42/48 | €4,043,970 | €2,452,476 | -€1.6m | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €128,138 | €150,011 | +€21,873 | +17.1% |
| Financial debts | 43 | €700,000 | €0 | -€700,000 | -100% |
| Credit institutions | 430/8 | €700,000 | €0 | -€700,000 | -100% |
| Trade debts | 44 | €1,363,359 | €707,806 | -€655,553 | -48.1% |
| Suppliers | 440/4 | €1,363,359 | €707,806 | -€655,553 | -48.1% |
| Advances received on contracts in progress | 46 | €198,785 | €188,989 | -€9,796 | -4.9% |
| Taxes, remuneration and social security | 45 | €172,688 | €205,670 | +€32,982 | +19.1% |
| Taxes | 450/3 | €59,147 | €84,454 | +€25,307 | +42.8% |
| Remuneration and social security | 454/9 | €113,541 | €121,216 | +€7,675 | +6.8% |
| Other amounts payable | 47/48 | €1,481,000 | €1,200,000 | -€281,000 | -19.0% |
| Accrued charges and deferred income | 492/3 | €61,876 | €45,371 | -€16,505 | -26.7% |
| Operating income | 70/76A | - | €24,930,305 | +€24.9m | |
| Turnover | 70 | - | €24,274,642 | +€24.3m | |
| Other operating income | 74 | - | €605,647 | +€605,647 | |
| Non-recurring operating income | 76A | - | €50,017 | +€50,017 | |
| Operating charges | 60/66A | - | €24,337,873 | +€24.3m | |
| Goods for resale, raw materials and consumables | 60 | - | €21,501,841 | +€21.5m | |
| Purchases | 600/8 | - | €20,962,258 | +€21.0m | |
| Change in stocks: decrease (increase) | 609 | - | €539,582 | +€539,582 | |
| Services and other goods | 61 | - | €1,510,171 | +€1.5m | |
| Remuneration, social security and pensions | 62 | €890,895 | €1,040,545 | +€149,651 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,017 | €182,345 | +€45,327 | +33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,876 | €7,993 | -€58,884 | -88.0% |
| Other operating charges | 640/8 | €43,081 | €44,962 | +€1,882 | +4.4% |
| Non-recurring operating charges | 66A | €40,880 | €50,017 | +€9,136 | +22.3% |
| Gross operating margin | 9900 | €2,001,332 | - | -€2.0m | |
| Operating profit (loss) | 9901 | €822,583 | €592,432 | -€230,151 | -28.0% |
| Financial income | 75/76B | €33,763 | €18,171 | -€15,592 | -46.2% |
| Recurring financial income | 75 | €33,763 | €18,171 | -€15,592 | -46.2% |
| Income from current assets | 751 | - | €16,864 | +€16,864 | |
| Other financial income | 752/9 | - | €1,306 | +€1,306 | |
| Financial charges | 65/66B | €123,508 | €82,380 | -€41,129 | -33.3% |
| Recurring financial charges | 65 | €123,508 | €82,380 | -€41,129 | -33.3% |
| Debt charges | 650 | - | €76,473 | +€76,473 | |
| Other financial charges | 652/9 | - | €5,907 | +€5,907 | |
| Profit (loss) for the period before taxes | 9903 | €732,837 | €528,224 | -€204,614 | -27.9% |
| Income taxes | 67/77 | €103,551 | €69,575 | -€33,976 | -32.8% |
| Taxes | 670/3 | - | €69,575 | +€69,575 | |
| Profit (loss) for the period | 9904 | €629,287 | €458,649 | -€170,638 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €629,287 | €458,649 | -€170,638 | -27.1% |
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 24 October 2026 via checked.be.