Vandevoorde: 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.
Vandevoorde
Largest movements
- Tangible fixed assets +€29,424
up €29,424 (+1789.3%), from €1,644 to €31,068
of which Furniture and vehicles: +€30,422
- Receivables within one year +€22,234
up €22,234 (+480.9%), from €4,624 to €26,858
of which Trade receivables: +€19,567
- Stocks and contracts -€10,827
down €10,827 (-81.1%), from €13,348 to €2,521
- Deferred charges and accrued income -€5,141
down €5,141 (-72.6%), from €7,081 to €1,940
- Cash -€988
down €988 (-28.7%), from €3,438 to €2,450
mainly Investment in fixed assets (net) (-€32,811) and Receivables within one year (-€22,234)
- Other debts +€34,455
up €34,455 (+215.1%), from €16,017 to €50,472
- Profit (loss) carried forward +€2,574
up €2,574 (+12.9%), from -€19,973 to -€17,399
- Tax, wage and social debts -€2,074
down €2,074 (-93.3%), from €2,224 to €150
- Gross operating margin +€4,912
up €4,912 (+242.9%), from €2,023 to €6,934
- Depreciation +€2,127
up €2,127 (+168.8%), from €1,260 to €3,388
- Financial income -€1,235
down €1,235 (-90.0%), from €1,373 to €138
- Taxes -€250
no longer reported in 2025 (was €250)
- Other operating charges -€96
down €96 (-9.0%), from €1,061 to €966
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 | €30,134 | €64,836 | +€34,702 | +115.2% |
| Fixed assets | 21/28 | €1,644 | €31,068 | +€29,424 | +1789.3% |
| Tangible fixed assets | 22/27 | €1,644 | €31,068 | +€29,424 | +1789.3% |
| Plant, machinery and equipment | 23 | €352 | - | -€352 | |
| Furniture and vehicles | 24 | - | €30,422 | +€30,422 | |
| Other tangible fixed assets | 26 | €1,292 | €646 | -€646 | -50.0% |
| Current assets | 29/58 | €28,490 | €33,768 | +€5,278 | +18.5% |
| Stocks and contracts in progress | 3 | €13,348 | €2,521 | -€10,827 | -81.1% |
| Stocks | 30/36 | €13,348 | €2,521 | -€10,827 | -81.1% |
| Amounts receivable within one year | 40/41 | €4,624 | €26,858 | +€22,234 | +480.9% |
| Trade receivables | 40 | €4,624 | €24,191 | +€19,567 | +423.2% |
| Other amounts receivable | 41 | - | €2,667 | +€2,667 | |
| Cash at bank and in hand | 54/58 | €3,438 | €2,450 | -€988 | -28.7% |
| Deferred charges and accrued income | 490/1 | €7,081 | €1,940 | -€5,141 | -72.6% |
| Total equity and liabilities | 10/49 | €30,134 | €64,836 | +€34,702 | +115.2% |
| Equity | 10/15 | €9,136 | €11,710 | +€2,574 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,509 | €10,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,649 | €8,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,973 | -€17,399 | +€2,574 | +12.9% |
| Amounts payable | 17/49 | €20,998 | €53,127 | +€32,128 | +153.0% |
| Amounts payable within one year | 42/48 | €20,998 | €53,127 | +€32,128 | +153.0% |
| Trade debts | 44 | €2,758 | €2,125 | -€633 | -22.9% |
| Suppliers | 440/4 | €2,758 | €2,125 | -€633 | -22.9% |
| Advances received on contracts in progress | 46 | - | €380 | +€380 | |
| Taxes, remuneration and social security | 45 | €2,224 | €150 | -€2,074 | -93.3% |
| Taxes | 450/3 | €2,224 | €150 | -€2,074 | -93.3% |
| Other amounts payable | 47/48 | €16,017 | €50,472 | +€34,455 | +215.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,260 | €3,388 | +€2,127 | +168.8% |
| Other operating charges | 640/8 | €1,061 | €966 | -€96 | -9.0% |
| Gross operating margin | 9900 | €2,023 | €6,934 | +€4,912 | +242.9% |
| Operating profit (loss) | 9901 | -€299 | €2,581 | +€2,880 | |
| Financial income | 75/76B | €1,373 | €138 | -€1,235 | -90.0% |
| Recurring financial income | 75 | €1,373 | €138 | -€1,235 | -90.0% |
| Financial charges | 65/66B | €145 | €145 | = | 0.0% |
| Recurring financial charges | 65 | €145 | €145 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €929 | €2,574 | +€1,645 | +177.1% |
| Income taxes | 67/77 | €250 | - | -€250 | |
| Profit (loss) for the period | 9904 | €679 | €2,574 | +€1,895 | +279.0% |
| Profit (loss) for the period to be appropriated | 9905 | €679 | €2,574 | +€1,895 | +279.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.