VANDERMOLEN: 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.
VANDERMOLEN
Largest movements
- Cash +€72,955
up €72,955 (+429%), from €16,988 to €89,943
mainly Depreciation (+€91,976) and Net result for the year (+€45,328)
- Tangible fixed assets -€44,257
down €44,257 (-3.7%), from €1.2m to €1.1m
of which Land and buildings: -€70,966
- Stocks and contracts -€33,758
down €33,758 (-5.4%), from €628,516 to €594,758
- Current investments +€25,000
up €25,000 (+12.5%), from €200,000 to €225,000
- Reserves +€45,328
up €45,328 (+3.0%), from €1.5m to €1.6m
of which Distributable reserves: +€112,163
- Gross operating margin +€42,991
up €42,991 (+19.0%), from €225,771 to €268,761
- Taxes +€14,715
up €14,715 (+68.6%), from €21,438 to €36,154
- Financial income +€9,202
up €9,202 (+57.0%), from €16,137 to €25,340
- Depreciation +€3,512
up €3,512 (+4.0%), from €88,463 to €91,976
- Other operating charges -€3,110
down €3,110 (-16.3%), from €19,050 to €15,939
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 | €2,070,453 | €2,099,209 | +€28,756 | +1.4% |
| Fixed assets | 21/28 | €1,211,187 | €1,171,077 | -€40,110 | -3.3% |
| Intangible fixed assets | 21 | - | €4,147 | +€4,147 | |
| Tangible fixed assets | 22/27 | €1,191,187 | €1,146,931 | -€44,257 | -3.7% |
| Land and buildings | 22 | €1,105,990 | €1,035,024 | -€70,966 | -6.4% |
| Plant, machinery and equipment | 23 | €35,106 | €33,875 | -€1,231 | -3.5% |
| Furniture and vehicles | 24 | €50,092 | €78,032 | +€27,940 | +55.8% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €859,266 | €928,132 | +€68,866 | +8.0% |
| Stocks and contracts in progress | 3 | €628,516 | €594,758 | -€33,758 | -5.4% |
| Stocks | 30/36 | €628,516 | €594,758 | -€33,758 | -5.4% |
| Amounts receivable within one year | 40/41 | €13,762 | €18,431 | +€4,669 | +33.9% |
| Trade receivables | 40 | €10,433 | €18,431 | +€7,998 | +76.7% |
| Other amounts receivable | 41 | €3,329 | €0 | -€3,329 | -100% |
| Current investments | 50/53 | €200,000 | €225,000 | +€25,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €16,988 | €89,943 | +€72,955 | +429% |
| Total equity and liabilities | 10/49 | €2,070,453 | €2,099,209 | +€28,756 | +1.4% |
| Equity | 10/15 | €1,730,371 | €1,775,699 | +€45,328 | +2.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,530,371 | €1,575,699 | +€45,328 | +3.0% |
| Non-distributable reserves | 130/1 | €20,000 | €0 | -€20,000 | -100% |
| Reserves not available under the articles | 1311 | €20,000 | €0 | -€20,000 | -100% |
| Tax-exempt reserves | 132 | €715,875 | €669,039 | -€46,835 | -6.5% |
| Distributable reserves | 133 | €794,497 | €906,660 | +€112,163 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €164,493 | €152,784 | -€11,709 | -7.1% |
| Deferred taxes | 168 | €164,493 | €152,784 | -€11,709 | -7.1% |
| Amounts payable | 17/49 | €175,589 | €170,726 | -€4,863 | -2.8% |
| Amounts payable after more than one year | 17 | €75,000 | €60,000 | -€15,000 | -20.0% |
| Financial debts | 170/4 | €75,000 | €60,000 | -€15,000 | -20.0% |
| Amounts payable within one year | 42/48 | €100,589 | €110,726 | +€10,137 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 43 | €1,256 | €0 | -€1,256 | -100% |
| Credit institutions | 430/8 | €1,256 | €0 | -€1,256 | -100% |
| Trade debts | 44 | €44,388 | €50,471 | +€6,083 | +13.7% |
| Suppliers | 440/4 | €44,388 | €50,471 | +€6,083 | +13.7% |
| Taxes, remuneration and social security | 45 | €25,205 | €35,843 | +€10,638 | +42.2% |
| Taxes | 450/3 | €10,146 | €21,114 | +€10,968 | +108% |
| Remuneration and social security | 454/9 | €15,058 | €14,729 | -€330 | -2.2% |
| Other amounts payable | 47/48 | €14,741 | €9,412 | -€5,329 | -36.1% |
| Remuneration, social security and pensions | 62 | €110,363 | €112,517 | +€2,154 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,463 | €91,976 | +€3,512 | +4.0% |
| Other operating charges | 640/8 | €19,050 | €15,939 | -€3,110 | -16.3% |
| Gross operating margin | 9900 | €225,771 | €268,761 | +€42,991 | +19.0% |
| Operating profit (loss) | 9901 | €7,895 | €48,329 | +€40,434 | +512% |
| Financial income | 75/76B | €16,137 | €25,340 | +€9,202 | +57.0% |
| Recurring financial income | 75 | €16,137 | €25,340 | +€9,202 | +57.0% |
| Financial charges | 65/66B | €4,868 | €3,896 | -€971 | -20.0% |
| Recurring financial charges | 65 | €4,868 | €3,896 | -€971 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €19,164 | €69,772 | +€50,608 | +264% |
| Transfer from deferred taxes | 780 | €11,709 | €11,709 | = | 0.0% |
| Income taxes | 67/77 | €21,438 | €36,154 | +€14,715 | +68.6% |
| Profit (loss) for the period | 9904 | €9,435 | €45,328 | +€35,893 | +380% |
| Transfer from tax-exempt reserves | 789 | €46,835 | €46,835 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,270 | €92,163 | +€35,893 | +63.8% |
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 28 October 2026 via checked.be.