VANDEVOORDE TECHNIEKEN: 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.
VANDEVOORDE TECHNIEKEN
Largest movements
- Tangible fixed assets +€310,724
up €310,724 (+138%), from €225,563 to €536,287
of which Other tangible fixed assets: +€334,272
- Receivables within one year +€176,549
up €176,549 (+151%), from €116,847 to €293,396
of which Trade receivables: +€188,460
- Stocks and contracts -€25,835
down €25,835 (-29.7%), from €86,855 to €61,020
- Cash +€12,865
up €12,865 (+115%), from €11,142 to €24,007
mainly Debts after one year (+€271,680) and Depreciation (+€75,504)
- Debts after one year +€271,680
up €271,680 (+332%), from €81,851 to €353,532
- Reserves +€56,970
up €56,970 (+31.7%), from €179,700 to €236,670
- Other debts +€50,585
up €50,585 (+71.9%), from €70,335 to €120,920
- Tax, wage and social debts +€45,422
up €45,422 (+276%), from €16,487 to €61,909
- Current portion of long-term debt +€25,912
up €25,912 (+85.5%), from €30,314 to €56,225
- Gross operating margin +€88,686
up €88,686 (+74.3%), from €119,327 to €208,012
- Other operating charges +€40,530
up €40,530 (+1,338%), from €3,029 to €43,559
- Depreciation +€23,861
up €23,861 (+46.2%), from €51,643 to €75,504
- Financial charges +€9,638
up €9,638 (+672%), from €1,435 to €11,073
- Taxes +€5,210
up €5,210 (+33.2%), from €15,711 to €20,921
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 | €441,053 | €916,186 | +€475,133 | +108% |
| Fixed assets | 21/28 | €225,563 | €537,718 | +€312,156 | +138% |
| Intangible fixed assets | 21 | - | €1,431 | +€1,431 | |
| Tangible fixed assets | 22/27 | €225,563 | €536,287 | +€310,724 | +138% |
| Plant, machinery and equipment | 23 | €19,986 | €33,314 | +€13,327 | +66.7% |
| Furniture and vehicles | 24 | €125,477 | €88,602 | -€36,875 | -29.4% |
| Other tangible fixed assets | 26 | €80,100 | €414,372 | +€334,272 | +417% |
| Current assets | 29/58 | €215,491 | €378,468 | +€162,977 | +75.6% |
| Stocks and contracts in progress | 3 | €86,855 | €61,020 | -€25,835 | -29.7% |
| Stocks | 30/36 | €86,855 | €61,020 | -€25,835 | -29.7% |
| Amounts receivable within one year | 40/41 | €116,847 | €293,396 | +€176,549 | +151% |
| Trade receivables | 40 | €104,847 | €293,307 | +€188,460 | +180% |
| Other amounts receivable | 41 | €12,000 | €89 | -€11,911 | -99.3% |
| Cash at bank and in hand | 54/58 | €11,142 | €24,007 | +€12,865 | +115% |
| Deferred charges and accrued income | 490/1 | €646 | €45 | -€602 | -93.1% |
| Total equity and liabilities | 10/49 | €441,053 | €916,186 | +€475,133 | +108% |
| Equity | 10/15 | €181,200 | €238,170 | +€56,970 | +31.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €179,700 | €236,670 | +€56,970 | +31.7% |
| Distributable reserves | 133 | €179,700 | €236,670 | +€56,970 | +31.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,853 | €678,016 | +€418,163 | +161% |
| Amounts payable after more than one year | 17 | €81,851 | €353,532 | +€271,680 | +332% |
| Financial debts | 170/4 | €81,851 | €353,532 | +€271,680 | +332% |
| Amounts payable within one year | 42/48 | €178,002 | €323,374 | +€145,372 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | €30,314 | €56,225 | +€25,912 | +85.5% |
| Trade debts | 44 | €60,867 | €84,320 | +€23,453 | +38.5% |
| Suppliers | 440/4 | €60,867 | €84,320 | +€23,453 | +38.5% |
| Taxes, remuneration and social security | 45 | €16,487 | €61,909 | +€45,422 | +276% |
| Taxes | 450/3 | €16,487 | €61,909 | +€45,422 | +276% |
| Other amounts payable | 47/48 | €70,335 | €120,920 | +€50,585 | +71.9% |
| Accrued charges and deferred income | 492/3 | - | €1,110 | +€1,110 | |
| Non-recurring operating income | 76A | €896 | €711 | -€185 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,643 | €75,504 | +€23,861 | +46.2% |
| Other operating charges | 640/8 | €3,029 | €43,559 | +€40,530 | +1,338% |
| Non-recurring operating charges | 66A | €1,992 | €0 | -€1,992 | -100% |
| Gross operating margin | 9900 | €119,327 | €208,012 | +€88,686 | +74.3% |
| Operating profit (loss) | 9901 | €62,662 | €88,949 | +€26,287 | +42.0% |
| Financial income | 75/76B | €18 | €14 | -€4 | -21.8% |
| Recurring financial income | 75 | €18 | €14 | -€4 | -21.8% |
| Financial charges | 65/66B | €1,435 | €11,073 | +€9,638 | +672% |
| Recurring financial charges | 65 | €1,435 | €11,073 | +€9,638 | +672% |
| Profit (loss) for the period before taxes | 9903 | €61,246 | €77,891 | +€16,645 | +27.2% |
| Income taxes | 67/77 | €15,711 | €20,921 | +€5,210 | +33.2% |
| Profit (loss) for the period | 9904 | €45,535 | €56,970 | +€11,435 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,535 | €56,970 | +€11,435 | +25.1% |
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 24 October 2026 via checked.be.