VANDEVELDE: what changed
What changed
VANDEVELDE
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€31,751
2024 · €13,968+€17,783
Equity
€569,102
2024 · €537,351+€31,751
Cash
€151,156
2024 · €72,802+€78,354
Balance sheet total
€860,973
2024 · €863,846-€2,874
Largest movements
Assets
- Cash +€78,354
up €78,354 (+108%), from €72,802 to €151,156
mainly Depreciation (+€62,997) and Receivables within one year (+€39,554)
- Receivables within one year -€39,554
down €39,554 (-40.3%), from €98,252 to €58,698
of which Trade receivables: -€41,808
- Tangible fixed assets -€35,810
down €35,810 (-5.3%), from €671,573 to €635,763
of which Land and buildings: -€28,637
Equity and liabilities
- Debts after one year -€33,360
down €33,360 (-20.6%), from €161,601 to €128,241
- Reserves +€21,025
up €21,025 (+7.5%), from €281,021 to €302,046
of which Distributable reserves: +€27,500
- Profit (loss) carried forward +€10,726
up €10,726 (+4.2%), from €256,330 to €267,056
Income statement
- Gross operating margin +€17,858
up €17,858 (+17.5%), from €101,983 to €119,841
- Financial income -€2,948
down €2,948 (-99.9%), from €2,951 to €4
of which Non-recurring financial income: -€2,950
- Depreciation -€2,028
down €2,028 (-3.1%), from €65,025 to €62,997
- Financial charges -€1,198
down €1,198 (-30.7%), from €3,909 to €2,711
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
€13,968
Gross operating margin
+€17,858
Depreciation
+€2,028
Other operating charges
-€199
Other operating items
-€20
Financial income
-€2,948
Financial charges
+€1,198
Taxes
-€135
Result 2025
€31,751
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
+€138,416
Investment
-€27,187
Financing
-€32,876
Cash 2024
€72,802
From operations (derived)
+€138,416
Net result for the year
+€31,751
Depreciation
+€62,997
Receivables within one year
+€39,554
Deferred charges and accrued income
+€5,863
Provisions
-€1,659
Trade debts
-€257
Tax, wage and social debts
+€4,927
Other debts
-€4,760
Investment (derived)
-€27,187
Investment in fixed assets (net)
-€27,187
Financing
-€32,876
Debts after one year
-€33,360
Current portion of long-term debt
+€485
Cash 2025
€151,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,846 | €860,973 | -€2,874 | -0.3% |
| Fixed assets | 21/28 | €671,796 | €635,986 | -€35,810 | -5.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €671,573 | €635,763 | -€35,810 | -5.3% |
| Land and buildings | 22 | €606,692 | €578,055 | -€28,637 | -4.7% |
| Furniture and vehicles | 24 | €64,881 | €57,708 | -€7,173 | -11.1% |
| Financial fixed assets | 28 | €223 | €223 | = | 0.0% |
| Current assets | 29/58 | €192,050 | €224,987 | +€32,937 | +17.2% |
| Amounts receivable within one year | 40/41 | €98,252 | €58,698 | -€39,554 | -40.3% |
| Trade receivables | 40 | €98,252 | €56,444 | -€41,808 | -42.6% |
| Other amounts receivable | 41 | - | €2,255 | +€2,255 | |
| Cash at bank and in hand | 54/58 | €72,802 | €151,156 | +€78,354 | +108% |
| Deferred charges and accrued income | 490/1 | €20,996 | €15,133 | -€5,863 | -27.9% |
| Total equity and liabilities | 10/49 | €863,846 | €860,973 | -€2,874 | -0.3% |
| Equity | 10/15 | €537,351 | €569,102 | +€31,751 | +5.9% |
| Contributions | 10/11 | - | €0 | = | |
| Reserves | 13 | €281,021 | €302,046 | +€21,025 | +7.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,282 | €61,807 | -€6,475 | -9.5% |
| Distributable reserves | 133 | €210,880 | €238,380 | +€27,500 | +13.0% |
| Profit (loss) carried forward | 14 | €256,330 | €267,056 | +€10,726 | +4.2% |
| Provisions and deferred taxes | 16 | €15,499 | €13,840 | -€1,659 | -10.7% |
| Deferred taxes | 168 | €15,499 | €13,840 | -€1,659 | -10.7% |
| Amounts payable | 17/49 | €310,995 | €278,030 | -€32,965 | -10.6% |
| Amounts payable after more than one year | 17 | €161,601 | €128,241 | -€33,360 | -20.6% |
| Financial debts | 170/4 | €161,601 | €128,241 | -€33,360 | -20.6% |
| Amounts payable within one year | 42/48 | €148,169 | €148,564 | +€395 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €32,876 | €33,360 | +€485 | +1.5% |
| Trade debts | 44 | €78,749 | €78,492 | -€257 | -0.3% |
| Suppliers | 440/4 | €4,453 | €1,697 | -€2,756 | -61.9% |
| Bills of exchange payable | 441 | €74,296 | €76,795 | +€2,499 | +3.4% |
| Taxes, remuneration and social security | 45 | €29,007 | €33,935 | +€4,927 | +17.0% |
| Taxes | 450/3 | €29,007 | €33,935 | +€4,927 | +17.0% |
| Other amounts payable | 47/48 | €7,537 | €2,777 | -€4,760 | -63.2% |
| Accrued charges and deferred income | 492/3 | €1,225 | €1,225 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,025 | €62,997 | -€2,028 | -3.1% |
| Other operating charges | 640/8 | €4,274 | €4,473 | +€199 | +4.7% |
| Non-recurring operating charges | 66A | - | €20 | +€20 | |
| Gross operating margin | 9900 | €101,983 | €119,841 | +€17,858 | +17.5% |
| Operating profit (loss) | 9901 | €32,684 | €52,351 | +€19,667 | +60.2% |
| Financial income | 75/76B | €2,951 | €4 | -€2,948 | -99.9% |
| Recurring financial income | 75 | €1 | €4 | +€2 | +146% |
| Non-recurring financial income | 76B | €2,950 | - | -€2,950 | |
| Financial charges | 65/66B | €3,909 | €2,711 | -€1,198 | -30.7% |
| Recurring financial charges | 65 | €3,909 | €2,711 | -€1,198 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €31,726 | €49,644 | +€17,918 | +56.5% |
| Transfer from deferred taxes | 780 | €1,659 | €1,659 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €19,418 | €19,553 | +€135 | +0.7% |
| Profit (loss) for the period | 9904 | €13,968 | €31,751 | +€17,783 | +127% |
| Transfer from tax-exempt reserves | 789 | €6,475 | €6,475 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,443 | €38,226 | +€17,783 | +87.0% |
Next steps
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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.