VANDEVELDE ENGINEERING: what changed
Two fiscal 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.
VANDEVELDE ENGINEERING
Largest movements
- Tangible fixed assets -€15,802
down €15,802 (-10.1%), from €156,441 to €140,639
of which Land and buildings: -€12,333
- Reserves -€32,324
down €32,324 (-37.1%), from €87,029 to €54,705
of which Distributable reserves: -€32,324
- Other debts +€29,043
up €29,043 (+305.3%), from €9,512 to €38,555
- Debts after one year -€9,575
down €9,575 (-8.5%), from €113,003 to €103,428
- Current portion of long-term debt -€3,182
down €3,182 (-24.9%), from €12,757 to €9,575
- Tax, wage and social debts +€2,877
up €2,877 (+83.4%), from €3,450 to €6,327
- Gross operating margin +€4,700
up €4,700 (+17.0%), from €27,684 to €32,384
- Taxes +€1,983
up €1,983 (+159.0%), from €1,247 to €3,230
- Depreciation -€1,538
down €1,538 (-8.9%), from €17,340 to €15,802
- Financial charges -€528
down €528 (-10.7%), from €4,928 to €4,400
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.
Cash bridge derived
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 | €252,757 | €241,479 | -€11,279 | -4.5% |
| Fixed assets | 21/28 | €156,441 | €140,639 | -€15,802 | -10.1% |
| Tangible fixed assets | 22/27 | €156,441 | €140,639 | -€15,802 | -10.1% |
| Land and buildings | 22 | €152,891 | €140,558 | -€12,333 | -8.1% |
| Plant, machinery and equipment | 23 | €136 | €12 | -€124 | -91.2% |
| Furniture and vehicles | 24 | €3,414 | €69 | -€3,345 | -98.0% |
| Current assets | 29/58 | €96,316 | €100,840 | +€4,523 | +4.7% |
| Amounts receivable within one year | 40/41 | €53,270 | €55,784 | +€2,514 | +4.7% |
| Trade receivables | 40 | €28,848 | €42,481 | +€13,633 | +47.3% |
| Other amounts receivable | 41 | €24,422 | €13,303 | -€11,119 | -45.5% |
| Cash at bank and in hand | 54/58 | €37,610 | €39,605 | +€1,995 | +5.3% |
| Deferred charges and accrued income | 490/1 | €5,437 | €5,450 | +€14 | +0.3% |
| Total equity and liabilities | 10/49 | €252,757 | €241,479 | -€11,279 | -4.5% |
| Equity | 10/15 | €107,489 | €75,165 | -€32,324 | -30.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €87,029 | €54,705 | -€32,324 | -37.1% |
| Tax-exempt reserves | 132 | €1,233 | €1,233 | = | 0.0% |
| Distributable reserves | 133 | €85,797 | €53,472 | -€32,324 | -37.7% |
| Amounts payable | 17/49 | €145,268 | €166,314 | +€21,046 | +14.5% |
| Amounts payable after more than one year | 17 | €113,003 | €103,428 | -€9,575 | -8.5% |
| Financial debts | 170/4 | €113,003 | €103,428 | -€9,575 | -8.5% |
| Amounts payable within one year | 42/48 | €32,265 | €62,886 | +€30,621 | +94.9% |
| Current portion of amounts payable after more than one year | 42 | €12,757 | €9,575 | -€3,182 | -24.9% |
| Financial debts | 43 | €2,333 | €2,333 | +€0 | 0.0% |
| Other loans | 439 | €2,333 | €2,333 | +€0 | 0.0% |
| Trade debts | 44 | €4,213 | €6,096 | +€1,882 | +44.7% |
| Suppliers | 440/4 | €4,213 | €6,096 | +€1,882 | +44.7% |
| Taxes, remuneration and social security | 45 | €3,450 | €6,327 | +€2,877 | +83.4% |
| Taxes | 450/3 | €3,450 | €6,327 | +€2,877 | +83.4% |
| Other amounts payable | 47/48 | €9,512 | €38,555 | +€29,043 | +305.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,340 | €15,802 | -€1,538 | -8.9% |
| Other operating charges | 640/8 | €2,897 | €2,722 | -€175 | -6.0% |
| Gross operating margin | 9900 | €27,684 | €32,384 | +€4,700 | +17.0% |
| Operating profit (loss) | 9901 | €7,447 | €13,861 | +€6,414 | +86.1% |
| Financial charges | 65/66B | €4,928 | €4,400 | -€528 | -10.7% |
| Recurring financial charges | 65 | €4,928 | €4,400 | -€528 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €2,520 | €9,461 | +€6,941 | +275.5% |
| Income taxes | 67/77 | €1,247 | €3,230 | +€1,983 | +159.0% |
| Profit (loss) for the period | 9904 | €1,272 | €6,231 | +€4,959 | +389.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,272 | €6,231 | +€4,959 | +389.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.