VANDEWALLE VENTILO: what changed
What changed
VANDEWALLE VENTILO
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€19,164
2024 · €26,154-€6,989
Equity
€541,854
2024 · €524,290+€17,564
Cash
€285,197
2024 · €238,338+€46,859
Balance sheet total
€939,542
2024 · €971,014-€31,472
Largest movements
Assets
- Tangible fixed assets -€94,275
down €94,275 (-15.7%), from €599,789 to €505,514
- Cash +€46,859
up €46,859 (+19.7%), from €238,338 to €285,197
mainly Depreciation (+€94,275) and Net result for the year (+€19,164)
- Receivables within one year +€21,979
up €21,979 (+37.8%), from €58,110 to €80,090
of which Trade receivables: +€43,789
Equity and liabilities
- Debts after one year -€35,996
down €35,996 (-11.2%), from €321,779 to €285,783
- Reserves +€17,564
up €17,564 (+3.8%), from €462,290 to €479,854
of which Distributable reserves: +€17,564
- Other debts -€13,385
down €13,385 (-25.8%), from €51,916 to €38,530
Income statement
- Gross operating margin +€17,483
up €17,483 (+11.3%), from €154,898 to €172,381
- Staff costs +€11,524
up €11,524 (+61.5%), from €18,736 to €30,260
- Depreciation +€11,102
up €11,102 (+13.3%), from €83,173 to €94,275
- Taxes +€5,374
up €5,374 (+210%), from €2,561 to €7,935
- Financial charges -€4,756
down €4,756 (-24.0%), from €19,812 to €15,055
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.
Result 2024
€26,154
Gross operating margin
+€17,483
Staff costs
-€11,524
Depreciation
-€11,102
Write-downs
-€283
Other operating charges
-€588
Financial income
-€358
Financial charges
+€4,756
Taxes
-€5,374
Result 2025
€19,164
raises the resultlowers the result
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.
From operations
+€84,032
Investment
€0
Financing
-€37,173
Cash 2024
€238,338
From operations (derived)
+€84,032
Net result for the year
+€19,164
Depreciation
+€94,275
Stocks and contracts
+€2,035
Receivables within one year
-€21,979
Deferred charges and accrued income
+€4,000
Trade debts
+€2,555
Tax, wage and social debts
+€2,516
Other debts
-€13,385
Accrued charges and deferred income
-€5,149
Financing
-€37,173
Debts after one year
-€35,996
Current portion of long-term debt
+€423
Contributions, distributions and other
-€1,600
Cash 2025
€285,197
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €971,014 | €939,542 | -€31,472 | -3.2% |
| Fixed assets | 21/28 | €599,789 | €505,514 | -€94,275 | -15.7% |
| Tangible fixed assets | 22/27 | €599,789 | €505,514 | -€94,275 | -15.7% |
| Land and buildings | 22 | €387,289 | €357,658 | -€29,631 | -7.7% |
| Plant, machinery and equipment | 23 | €81,057 | €52,938 | -€28,119 | -34.7% |
| Furniture and vehicles | 24 | €100,429 | €68,792 | -€31,637 | -31.5% |
| Other tangible fixed assets | 26 | €31,014 | €26,126 | -€4,888 | -15.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €371,224 | €434,028 | +€62,803 | +16.9% |
| Stocks and contracts in progress | 3 | €58,695 | €56,660 | -€2,035 | -3.5% |
| Stocks | 30/36 | €53,695 | €56,660 | +€2,965 | +5.5% |
| Contracts in progress | 37 | €5,000 | €0 | -€5,000 | -100% |
| Amounts receivable within one year | 40/41 | €58,110 | €80,090 | +€21,979 | +37.8% |
| Trade receivables | 40 | €34,235 | €78,024 | +€43,789 | +128% |
| Other amounts receivable | 41 | €23,875 | €2,066 | -€21,810 | -91.3% |
| Cash at bank and in hand | 54/58 | €238,338 | €285,197 | +€46,859 | +19.7% |
| Deferred charges and accrued income | 490/1 | €16,081 | €12,081 | -€4,000 | -24.9% |
| Total equity and liabilities | 10/49 | €971,014 | €939,542 | -€31,472 | -3.2% |
| Equity | 10/15 | €524,290 | €541,854 | +€17,564 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €462,290 | €479,854 | +€17,564 | +3.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €456,090 | €473,654 | +€17,564 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €446,724 | €397,688 | -€49,036 | -11.0% |
| Amounts payable after more than one year | 17 | €321,779 | €285,783 | -€35,996 | -11.2% |
| Financial debts | 170/4 | €321,779 | €285,783 | -€35,996 | -11.2% |
| Amounts payable within one year | 42/48 | €106,880 | €98,988 | -€7,891 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €35,573 | €35,996 | +€423 | +1.2% |
| Trade debts | 44 | €12,558 | €15,113 | +€2,555 | +20.3% |
| Suppliers | 440/4 | €12,558 | €15,113 | +€2,555 | +20.3% |
| Taxes, remuneration and social security | 45 | €6,833 | €9,349 | +€2,516 | +36.8% |
| Taxes | 450/3 | €4,438 | €7,069 | +€2,631 | +59.3% |
| Remuneration and social security | 454/9 | €2,395 | €2,280 | -€116 | -4.8% |
| Other amounts payable | 47/48 | €51,916 | €38,530 | -€13,385 | -25.8% |
| Accrued charges and deferred income | 492/3 | €18,066 | €12,917 | -€5,149 | -28.5% |
| Remuneration, social security and pensions | 62 | €18,736 | €30,260 | +€11,524 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,173 | €94,275 | +€11,102 | +13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,415 | -€1,132 | +€283 | +20.0% |
| Other operating charges | 640/8 | €8,613 | €9,201 | +€588 | +6.8% |
| Gross operating margin | 9900 | €154,898 | €172,381 | +€17,483 | +11.3% |
| Operating profit (loss) | 9901 | €45,790 | €39,777 | -€6,014 | -13.1% |
| Financial income | 75/76B | €2,736 | €2,378 | -€358 | -13.1% |
| Recurring financial income | 75 | €2,736 | €2,378 | -€358 | -13.1% |
| Financial charges | 65/66B | €19,812 | €15,055 | -€4,756 | -24.0% |
| Recurring financial charges | 65 | €19,812 | €15,055 | -€4,756 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €28,715 | €27,100 | -€1,615 | -5.6% |
| Income taxes | 67/77 | €2,561 | €7,935 | +€5,374 | +210% |
| Profit (loss) for the period | 9904 | €26,154 | €19,164 | -€6,989 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,154 | €19,164 | -€6,989 | -26.7% |
Next steps
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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 2 November 2026 via checked.be.