VANDERWERVE-DUMONT: 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.
VANDERWERVE-DUMONT
Largest movements
- Cash +€55,334
up €55,334 (+67.8%), from €81,672 to €137,006
mainly Depreciation (+€32,895) and Net result for the year (+€27,032)
- Tangible fixed assets -€17,146
down €17,146 (-5.3%), from €324,080 to €306,934
of which Land and buildings: -€17,076
- Receivables within one year -€16,366
down €16,366 (-100%), from €16,366 to €0
- Reserves +€30,406
up €30,406 (+10.4%), from €292,377 to €322,783
of which Distributable reserves: +€30,406
- Other debts -€23,923
down €23,923 (-56.3%), from €42,502 to €18,579
- Tax, wage and social debts +€13,988
up €13,988 (+391%), from €3,576 to €17,564
- Trade debts +€5,622
up €5,622 (+965%), from €583 to €6,205
- Gross operating margin +€27,205
up €27,205 (+32.0%), from €84,920 to €112,125
- Write-downs +€16,366
new in 2025: €16,366
- Depreciation -€10,896
down €10,896 (-24.9%), from €43,791 to €32,895
- Taxes +€10,412
up €10,412 (+291%), from €3,576 to €13,988
- Other operating charges +€2,579
up €2,579 (+13.4%), from €19,221 to €21,800
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 | €424,017 | €446,737 | +€22,720 | +5.4% |
| Fixed assets | 21/28 | €324,080 | €306,934 | -€17,146 | -5.3% |
| Tangible fixed assets | 22/27 | €324,080 | €306,934 | -€17,146 | -5.3% |
| Land and buildings | 22 | €324,010 | €306,934 | -€17,076 | -5.3% |
| Plant, machinery and equipment | 23 | €70 | €0 | -€70 | -100% |
| Current assets | 29/58 | €99,937 | €139,803 | +€39,865 | +39.9% |
| Amounts receivable within one year | 40/41 | €16,366 | €0 | -€16,366 | -100% |
| Trade receivables | 40 | €16,366 | €0 | -€16,366 | -100% |
| Cash at bank and in hand | 54/58 | €81,672 | €137,006 | +€55,334 | +67.8% |
| Deferred charges and accrued income | 490/1 | €1,900 | €2,797 | +€897 | +47.2% |
| Total equity and liabilities | 10/49 | €424,017 | €446,737 | +€22,720 | +5.4% |
| Equity | 10/15 | €376,316 | €403,348 | +€27,032 | +7.2% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €292,377 | €322,783 | +€30,406 | +10.4% |
| Non-distributable reserves | 130/1 | €8,071 | €8,071 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14 | €14 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,671 | €2,671 | = | 0.0% |
| Distributable reserves | 133 | €281,635 | €312,041 | +€30,406 | +10.8% |
| Profit (loss) carried forward | 14 | €3,374 | €0 | -€3,374 | -100% |
| Amounts payable | 17/49 | €47,701 | €43,388 | -€4,313 | -9.0% |
| Amounts payable within one year | 42/48 | €46,661 | €42,348 | -€4,313 | -9.2% |
| Trade debts | 44 | €583 | €6,205 | +€5,622 | +965% |
| Suppliers | 440/4 | €583 | €6,205 | +€5,622 | +965% |
| Taxes, remuneration and social security | 45 | €3,576 | €17,564 | +€13,988 | +391% |
| Taxes | 450/3 | €3,576 | €17,564 | +€13,988 | +391% |
| Other amounts payable | 47/48 | €42,502 | €18,579 | -€23,923 | -56.3% |
| Accrued charges and deferred income | 492/3 | €1,040 | €1,040 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,791 | €32,895 | -€10,896 | -24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,366 | +€16,366 | |
| Other operating charges | 640/8 | €19,221 | €21,800 | +€2,579 | +13.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €84,920 | €112,125 | +€27,205 | +32.0% |
| Operating profit (loss) | 9901 | €21,909 | €41,064 | +€19,156 | +87.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,864 | €41,020 | +€19,156 | +87.6% |
| Income taxes | 67/77 | €3,576 | €13,988 | +€10,412 | +291% |
| Profit (loss) for the period | 9904 | €18,288 | €27,032 | +€8,745 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,288 | €27,032 | +€8,745 | +47.8% |
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 30 October 2026 via checked.be.