VANDEWALLE ELECTRICS: what changed
VANDEWALLE ELECTRICS
Largest movements
- Tangible fixed assets +€138,108
up €138,108 (+150%), from €91,842 to €229,950
of which Land and buildings: +€145,135
- Receivables within one year +€32,506
up €32,506 (+73.9%), from €44,013 to €76,519
of which Trade receivables: +€29,907
- Cash -€24,477
down €24,477 (-33.3%), from €73,542 to €49,065
mainly Investment in fixed assets (net) (-€157,657) and Receivables within one year (-€32,506)
- Stocks and contracts +€13,788
up €13,788 (+724%), from €1,905 to €15,692
- Profit (loss) carried forward +€73,723
up €73,723 (+88.6%), from €83,185 to €156,908
- Debts after one year +€58,626
up €58,626 (+125%), from €46,993 to €105,619
- Reserves +€25,166
new in 2025: €25,166
of which Distributable reserves: +€24,086
- Trade debts -€14,899
down €14,899 (-47.5%), from €31,338 to €16,439
- Current portion of long-term debt +€14,054
up €14,054 (+71.4%), from €19,677 to €33,731
- Gross operating margin -€16,816
down €16,816 (-11.8%), from €142,678 to €125,862
- Financial income +€12,635
up €12,635 (+22,615%), from €56 to €12,691
of which Non-recurring financial income: +€12,522
- Depreciation +€2,116
up €2,116 (+12.1%), from €17,432 to €19,548
- Taxes -€1,798
down €1,798 (-8.4%), from €21,357 to €19,559
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 | €212,122 | €372,062 | +€159,940 | +75.4% |
| Fixed assets | 21/28 | €91,842 | €229,950 | +€138,108 | +150% |
| Tangible fixed assets | 22/27 | €91,842 | €229,950 | +€138,108 | +150% |
| Land and buildings | 22 | - | €145,135 | +€145,135 | |
| Plant, machinery and equipment | 23 | €49,481 | €52,054 | +€2,573 | +5.2% |
| Furniture and vehicles | 24 | €42,361 | €32,761 | -€9,600 | -22.7% |
| Current assets | 29/58 | €120,281 | €142,112 | +€21,832 | +18.2% |
| Stocks and contracts in progress | 3 | €1,905 | €15,692 | +€13,788 | +724% |
| Stocks | 30/36 | €1,905 | €15,692 | +€13,788 | +724% |
| Amounts receivable within one year | 40/41 | €44,013 | €76,519 | +€32,506 | +73.9% |
| Trade receivables | 40 | €38,846 | €68,752 | +€29,907 | +77.0% |
| Other amounts receivable | 41 | €5,167 | €7,767 | +€2,600 | +50.3% |
| Cash at bank and in hand | 54/58 | €73,542 | €49,065 | -€24,477 | -33.3% |
| Deferred charges and accrued income | 490/1 | €821 | €836 | +€15 | +1.8% |
| Total equity and liabilities | 10/49 | €212,122 | €372,062 | +€159,940 | +75.4% |
| Equity | 10/15 | €88,185 | €188,815 | +€100,630 | +114% |
| Contributions | 10/11 | €5,000 | €6,741 | +€1,741 | +34.8% |
| Reserves | 13 | - | €25,166 | +€25,166 | |
| Tax-exempt reserves | 132 | - | €1,080 | +€1,080 | |
| Distributable reserves | 133 | - | €24,086 | +€24,086 | |
| Profit (loss) carried forward | 14 | €83,185 | €156,908 | +€73,723 | +88.6% |
| Amounts payable | 17/49 | €123,937 | €183,248 | +€59,310 | +47.9% |
| Amounts payable after more than one year | 17 | €46,993 | €105,619 | +€58,626 | +125% |
| Financial debts | 170/4 | €46,993 | €105,619 | +€58,626 | +125% |
| Amounts payable within one year | 42/48 | €76,944 | €77,628 | +€684 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €19,677 | €33,731 | +€14,054 | +71.4% |
| Trade debts | 44 | €31,338 | €16,439 | -€14,899 | -47.5% |
| Suppliers | 440/4 | €31,338 | €16,439 | -€14,899 | -47.5% |
| Taxes, remuneration and social security | 45 | €22,357 | €20,309 | -€2,048 | -9.2% |
| Taxes | 450/3 | €22,357 | €20,309 | -€2,048 | -9.2% |
| Other amounts payable | 47/48 | €3,573 | €7,150 | +€3,578 | +100% |
| Remuneration, social security and pensions | 62 | €16,875 | €18,000 | +€1,125 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,432 | €19,548 | +€2,116 | +12.1% |
| Other operating charges | 640/8 | €280 | €903 | +€622 | +222% |
| Gross operating margin | 9900 | €142,678 | €125,862 | -€16,816 | -11.8% |
| Operating profit (loss) | 9901 | €108,091 | €87,412 | -€20,679 | -19.1% |
| Financial income | 75/76B | €56 | €12,691 | +€12,635 | +22,615% |
| Recurring financial income | 75 | €56 | €169 | +€113 | +203% |
| Non-recurring financial income | 76B | - | €12,522 | +€12,522 | |
| Financial charges | 65/66B | €3,605 | €4,090 | +€485 | +13.5% |
| Recurring financial charges | 65 | €3,605 | €4,090 | +€485 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €104,542 | €96,012 | -€8,529 | -8.2% |
| Income taxes | 67/77 | €21,357 | €19,559 | -€1,798 | -8.4% |
| Profit (loss) for the period | 9904 | €83,185 | €76,454 | -€6,731 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €83,185 | €76,454 | -€6,731 | -8.1% |
Next steps
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.