VANDEVOORDT COATING: what changed
VANDEVOORDT COATING
Largest movements
- Tangible fixed assets -€19,254
down €19,254 (-11.1%), from €173,109 to €153,855
of which Plant, machinery and equipment: -€19,148
- Stocks and contracts +€6,363
up €6,363 (+34.2%), from €18,593 to €24,955
- Receivables within one year -€6,260
down €6,260 (-5.4%), from €115,502 to €109,242
of which Trade receivables: -€18,499
- Cash +€4,536
up €4,536 (+60.5%), from €7,492 to €12,028
mainly Net result for the year (+€30,004) and Depreciation (+€25,214)
- Reserves +€30,004
up €30,004 (+35.2%), from €85,210 to €115,214
- Debts after one year -€26,205
down €26,205 (-20.7%), from €126,643 to €100,437
- Other debts -€15,788
down €15,788 (-64.7%), from €24,393 to €8,605
- Short-term financial debts +€10,000
new in 2025: €10,000
- Trade debts -€9,455
down €9,455 (-23.1%), from €40,924 to €31,468
- Taxes +€12,928
new in 2025: €12,928
- Gross operating margin -€1,469
down €1,469 (-2.0%), from €71,966 to €70,497
- Depreciation +€986
up €986 (+4.1%), from €24,228 to €25,214
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,636 | €301,112 | -€14,524 | -4.6% |
| Fixed assets | 21/28 | €173,109 | €153,855 | -€19,254 | -11.1% |
| Tangible fixed assets | 22/27 | €173,109 | €153,855 | -€19,254 | -11.1% |
| Plant, machinery and equipment | 23 | €172,796 | €153,648 | -€19,148 | -11.1% |
| Furniture and vehicles | 24 | €312 | €207 | -€106 | -33.9% |
| Current assets | 29/58 | €142,527 | €147,257 | +€4,730 | +3.3% |
| Stocks and contracts in progress | 3 | €18,593 | €24,955 | +€6,363 | +34.2% |
| Stocks | 30/36 | €18,593 | €24,955 | +€6,363 | +34.2% |
| Amounts receivable within one year | 40/41 | €115,502 | €109,242 | -€6,260 | -5.4% |
| Trade receivables | 40 | €58,931 | €40,432 | -€18,499 | -31.4% |
| Other amounts receivable | 41 | €56,571 | €68,810 | +€12,239 | +21.6% |
| Cash at bank and in hand | 54/58 | €7,492 | €12,028 | +€4,536 | +60.5% |
| Deferred charges and accrued income | 490/1 | €940 | €1,032 | +€91 | +9.7% |
| Total equity and liabilities | 10/49 | €315,636 | €301,112 | -€14,524 | -4.6% |
| Equity | 10/15 | €87,710 | €117,714 | +€30,004 | +34.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €85,210 | €115,214 | +€30,004 | +35.2% |
| Distributable reserves | 133 | €85,210 | €115,214 | +€30,004 | +35.2% |
| Amounts payable | 17/49 | €227,926 | €183,398 | -€44,528 | -19.5% |
| Amounts payable after more than one year | 17 | €126,643 | €100,437 | -€26,205 | -20.7% |
| Financial debts | 170/4 | €126,643 | €100,437 | -€26,205 | -20.7% |
| Amounts payable within one year | 42/48 | €101,283 | €82,960 | -€18,323 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €31,116 | €26,205 | -€4,911 | -15.8% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €40,924 | €31,468 | -€9,455 | -23.1% |
| Suppliers | 440/4 | €40,924 | €31,468 | -€9,455 | -23.1% |
| Taxes, remuneration and social security | 45 | €4,850 | €6,682 | +€1,832 | +37.8% |
| Taxes | 450/3 | €4,850 | €6,682 | +€1,832 | +37.8% |
| Other amounts payable | 47/48 | €24,393 | €8,605 | -€15,788 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,228 | €25,214 | +€986 | +4.1% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €71,966 | €70,497 | -€1,469 | -2.0% |
| Operating profit (loss) | 9901 | €47,677 | €45,222 | -€2,455 | -5.1% |
| Financial charges | 65/66B | €2,746 | €2,289 | -€456 | -16.6% |
| Recurring financial charges | 65 | €2,746 | €2,289 | -€456 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €44,931 | €42,932 | -€1,999 | -4.4% |
| Income taxes | 67/77 | - | €12,928 | +€12,928 | |
| Profit (loss) for the period | 9904 | €44,931 | €30,004 | -€14,927 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,931 | €30,004 | -€14,927 | -33.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.