VANDERVELPEN DAVID: what changed
What changed
VANDERVELPEN DAVID
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€66,905
2024 · €80,096-€13,192
Equity
€381,851
2024 · €323,669+€58,182
Cash
€459,122
2024 · €328,415+€130,707
Balance sheet total
€646,392
2024 · €603,692+€42,700
Largest movements
Assets
- Cash +€130,707
up €130,707 (+39.8%), from €328,415 to €459,122
mainly Receivables within one year (+€67,430) and Net result for the year (+€66,905)
- Receivables within one year -€67,430
down €67,430 (-38.9%), from €173,196 to €105,766
of which Trade receivables: -€69,878
- Tangible fixed assets -€20,866
down €20,866 (-23.4%), from €89,300 to €68,434
of which Land and buildings: -€14,435
Equity and liabilities
- Reserves +€58,182
up €58,182 (+19.1%), from €305,069 to €363,251
of which Distributable reserves: +€58,182
- Trade debts +€18,651
up €18,651 (+15.7%), from €118,479 to €137,129
- Other debts -€14,918
down €14,918 (-18.2%), from €81,937 to €67,020
- Current portion of long-term debt -€6,924
down €6,924 (-60.2%), from €11,497 to €4,572
Income statement
- Gross operating margin -€30,819
down €30,819 (-13.6%), from €226,135 to €195,316
- Financial income +€7,346
up €7,346 (+76,362%), from €10 to €7,356
of which Non-recurring financial income: +€7,330
- Taxes -€6,546
down €6,546 (-20.1%), from €32,615 to €26,069
- Staff costs -€4,074
down €4,074 (-4.8%), from €85,598 to €81,524
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
€80,096
Gross operating margin
-€30,819
Staff costs
+€4,074
Depreciation
-€124
Write-downs
-€914
Other operating charges
+€1,066
Other operating items
-€269
Financial income
+€7,346
Financial charges
-€98
Taxes
+€6,546
Result 2025
€66,905
raises the resultlowers the resultnot broken down further in the accounts
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
+€152,134
Investment
-€1,208
Financing
-€20,219
Cash 2024
€328,415
From operations (derived)
+€152,134
Net result for the year
+€66,905
Depreciation
+€22,073
Stocks and contracts
+€127
Receivables within one year
+€67,430
Deferred charges and accrued income
-€416
Trade debts
+€18,651
Tax, wage and social debts
-€5,427
Advances received
-€1,288
Other debts
-€14,918
Accrued charges and deferred income
-€1,003
Investment (derived)
-€1,208
Investment in fixed assets (net)
-€1,208
Financing
-€20,219
Debts after one year
-€4,572
Current portion of long-term debt
-€6,924
Short-term financial debts
-€0
Contributions, distributions and other
-€8,722
Cash 2025
€459,122
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,692 | €646,392 | +€42,700 | +7.1% |
| Fixed assets | 21/28 | €89,300 | €68,434 | -€20,866 | -23.4% |
| Tangible fixed assets | 22/27 | €89,300 | €68,434 | -€20,866 | -23.4% |
| Land and buildings | 22 | €79,570 | €65,135 | -€14,435 | -18.1% |
| Plant, machinery and equipment | 23 | €2,706 | €2,994 | +€288 | +10.7% |
| Furniture and vehicles | 24 | €7,024 | €305 | -€6,719 | -95.7% |
| Current assets | 29/58 | €514,392 | €577,957 | +€63,566 | +12.4% |
| Stocks and contracts in progress | 3 | €3,864 | €3,737 | -€127 | -3.3% |
| Stocks | 30/36 | €3,864 | €3,737 | -€127 | -3.3% |
| Amounts receivable within one year | 40/41 | €173,196 | €105,766 | -€67,430 | -38.9% |
| Trade receivables | 40 | €160,571 | €90,693 | -€69,878 | -43.5% |
| Other amounts receivable | 41 | €12,625 | €15,073 | +€2,448 | +19.4% |
| Cash at bank and in hand | 54/58 | €328,415 | €459,122 | +€130,707 | +39.8% |
| Deferred charges and accrued income | 490/1 | €8,917 | €9,333 | +€416 | +4.7% |
| Total equity and liabilities | 10/49 | €603,692 | €646,392 | +€42,700 | +7.1% |
| Equity | 10/15 | €323,669 | €381,851 | +€58,182 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €305,069 | €363,251 | +€58,182 | +19.1% |
| Tax-exempt reserves | 132 | €51,508 | €51,508 | = | 0.0% |
| Distributable reserves | 133 | €253,561 | €311,743 | +€58,182 | +22.9% |
| Amounts payable | 17/49 | €280,023 | €264,540 | -€15,482 | -5.5% |
| Amounts payable after more than one year | 17 | €6,966 | €2,394 | -€4,572 | -65.6% |
| Financial debts | 170/4 | €6,966 | €2,394 | -€4,572 | -65.6% |
| Amounts payable within one year | 42/48 | €245,176 | €235,270 | -€9,906 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €11,497 | €4,572 | -€6,924 | -60.2% |
| Financial debts | 43 | €1,727 | €1,727 | -€0 | 0.0% |
| Credit institutions | 430/8 | €1,727 | €1,727 | -€0 | 0.0% |
| Trade debts | 44 | €118,479 | €137,129 | +€18,651 | +15.7% |
| Suppliers | 440/4 | €118,479 | €137,129 | +€18,651 | +15.7% |
| Advances received on contracts in progress | 46 | €1,288 | - | -€1,288 | |
| Taxes, remuneration and social security | 45 | €30,249 | €24,822 | -€5,427 | -17.9% |
| Taxes | 450/3 | €23,160 | €17,050 | -€6,110 | -26.4% |
| Remuneration and social security | 454/9 | €7,089 | €7,772 | +€683 | +9.6% |
| Other amounts payable | 47/48 | €81,937 | €67,020 | -€14,918 | -18.2% |
| Accrued charges and deferred income | 492/3 | €27,880 | €26,877 | -€1,003 | -3.6% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €85,598 | €81,524 | -€4,074 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,949 | €22,073 | +€124 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €914 | +€914 | |
| Other operating charges | 640/8 | €2,436 | €1,370 | -€1,066 | -43.8% |
| Non-recurring operating charges | 66A | - | €269 | +€269 | |
| Gross operating margin | 9900 | €226,135 | €195,316 | -€30,819 | -13.6% |
| Operating profit (loss) | 9901 | €116,152 | €89,166 | -€26,986 | -23.2% |
| Financial income | 75/76B | €10 | €7,356 | +€7,346 | +76,362% |
| Recurring financial income | 75 | €10 | €26 | +€16 | +167% |
| Non-recurring financial income | 76B | - | €7,330 | +€7,330 | |
| Financial charges | 65/66B | €3,450 | €3,548 | +€98 | +2.8% |
| Recurring financial charges | 65 | €3,450 | €3,548 | +€98 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €112,711 | €92,974 | -€19,737 | -17.5% |
| Income taxes | 67/77 | €32,615 | €26,069 | -€6,546 | -20.1% |
| Profit (loss) for the period | 9904 | €80,096 | €66,905 | -€13,192 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,096 | €66,905 | -€13,192 | -16.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.