VANDEWEEGE: 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.
What changed
VANDEWEEGE
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€145,855
2024 · -€421,434+€275,579
Equity
€2.4m
2024 · €2.6m-€145,855
Cash
€139,052
2024 · €371,107-€232,055
Balance sheet total
€3.4m
2024 · €3.7m-€312,749
Largest movements
Assets
- Cash -€232,055
down €232,055 (-62.5%), from €371,107 to €139,052
mainly Trade debts (-€152,002) and Net result for the year (-€145,855)
- Stocks and contracts -€108,960
down €108,960 (-6.2%), from €1.7m to €1.6m
- Receivables within one year +€66,489
up €66,489 (+6.2%), from €1.1m to €1.1m
of which Trade receivables: +€140,735
Equity and liabilities
- Trade debts -€152,002
down €152,002 (-17.5%), from €868,833 to €716,830
- Reserves -€145,855
down €145,855 (-6.3%), from €2.3m to €2.2m
of which Distributable reserves: -€145,855
Income statement
- Staff costs -€150,008
down €150,008 (-12.0%), from €1.3m to €1.1m
- Write-downs -€102,880
down €102,880, from €83,698 to -€19,182
- Financial income +€34,744
up €34,744 (+297%), from €11,697 to €46,441
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.
Result 2024
-€421,434
Gross operating margin
-€8,857
Staff costs
+€150,008
Depreciation
+€1,125
Write-downs
+€102,880
Other operating charges
-€5,694
Financial income
+€34,744
Financial charges
+€1,405
Taxes
-€31
Result 2025
-€145,855
raises the resultlowers the result
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.
From operations
-€178,605
Investment
-€43,056
Financing
-€10,394
Cash 2024
€371,107
From operations (derived)
-€178,605
Net result for the year
-€145,855
Depreciation
+€62,005
Stocks and contracts
+€108,960
Receivables within one year
-€66,489
Deferred charges and accrued income
+€19,274
Provisions
+€715
Trade debts
-€152,002
Tax, wage and social debts
-€6,919
Other debts
+€217
Accrued charges and deferred income
+€1,489
Investment (derived)
-€43,056
Investment in fixed assets (net)
-€43,056
Financing
-€10,394
Debts after one year
-€10,778
Current portion of long-term debt
+€385
Cash 2025
€139,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,711,894 | €3,399,145 | -€312,749 | -8.4% |
| Fixed assets | 21/28 | €454,209 | €435,260 | -€18,949 | -4.2% |
| Intangible fixed assets | 21 | €19,689 | €8,289 | -€11,401 | -57.9% |
| Tangible fixed assets | 22/27 | €339,188 | €331,640 | -€7,549 | -2.2% |
| Land and buildings | 22 | €223,824 | €224,422 | +€598 | +0.3% |
| Plant, machinery and equipment | 23 | €44,483 | €48,566 | +€4,083 | +9.2% |
| Furniture and vehicles | 24 | €70,882 | €58,652 | -€12,230 | -17.3% |
| Financial fixed assets | 28 | €95,331 | €95,331 | = | 0.0% |
| Current assets | 29/58 | €3,257,686 | €2,963,886 | -€293,800 | -9.0% |
| Stocks and contracts in progress | 3 | €1,747,420 | €1,638,461 | -€108,960 | -6.2% |
| Stocks | 30/36 | €1,747,420 | €1,638,461 | -€108,960 | -6.2% |
| Amounts receivable within one year | 40/41 | €1,077,444 | €1,143,933 | +€66,489 | +6.2% |
| Trade receivables | 40 | €647,641 | €788,376 | +€140,735 | +21.7% |
| Other amounts receivable | 41 | €429,803 | €355,557 | -€74,246 | -17.3% |
| Cash at bank and in hand | 54/58 | €371,107 | €139,052 | -€232,055 | -62.5% |
| Deferred charges and accrued income | 490/1 | €61,714 | €42,440 | -€19,274 | -31.2% |
| Total equity and liabilities | 10/49 | €3,711,894 | €3,399,145 | -€312,749 | -8.4% |
| Equity | 10/15 | €2,572,022 | €2,426,168 | -€145,855 | -5.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,322,022 | €2,176,168 | -€145,855 | -6.3% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €2,297,022 | €2,151,168 | -€145,855 | -6.3% |
| Provisions and deferred taxes | 16 | €23,666 | €24,380 | +€715 | +3.0% |
| Provisions for liabilities and charges | 160/5 | €23,666 | €24,380 | +€715 | +3.0% |
| Major repairs and maintenance | 162 | €23,666 | €24,380 | +€715 | +3.0% |
| Amounts payable | 17/49 | €1,116,206 | €948,598 | -€167,609 | -15.0% |
| Amounts payable after more than one year | 17 | €23,859 | €13,080 | -€10,778 | -45.2% |
| Financial debts | 170/4 | €23,859 | €13,080 | -€10,778 | -45.2% |
| Amounts payable within one year | 42/48 | €1,084,174 | €925,854 | -€158,320 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €10,394 | €10,778 | +€385 | +3.7% |
| Trade debts | 44 | €868,833 | €716,830 | -€152,002 | -17.5% |
| Suppliers | 440/4 | €868,833 | €716,830 | -€152,002 | -17.5% |
| Taxes, remuneration and social security | 45 | €160,001 | €153,082 | -€6,919 | -4.3% |
| Taxes | 450/3 | €4,918 | €22,310 | +€17,392 | +354% |
| Remuneration and social security | 454/9 | €155,083 | €130,772 | -€24,311 | -15.7% |
| Other amounts payable | 47/48 | €44,947 | €45,164 | +€217 | +0.5% |
| Accrued charges and deferred income | 492/3 | €8,173 | €9,663 | +€1,489 | +18.2% |
| Remuneration, social security and pensions | 62 | €1,252,078 | €1,102,070 | -€150,008 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,130 | €62,005 | -€1,125 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €83,698 | -€19,182 | -€102,880 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €715 | €715 | = | 0.0% |
| Other operating charges | 640/8 | €32,075 | €37,769 | +€5,694 | +17.8% |
| Gross operating margin | 9900 | €1,008,854 | €999,997 | -€8,857 | -0.9% |
| Operating profit (loss) | 9901 | -€422,842 | -€183,381 | +€239,462 | +56.6% |
| Financial income | 75/76B | €11,697 | €46,441 | +€34,744 | +297% |
| Recurring financial income | 75 | €11,697 | €46,441 | +€34,744 | +297% |
| Financial charges | 65/66B | €9,066 | €7,661 | -€1,405 | -15.5% |
| Recurring financial charges | 65 | €9,066 | €7,661 | -€1,405 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€420,212 | -€144,602 | +€275,611 | +65.6% |
| Income taxes | 67/77 | €1,222 | €1,253 | +€31 | +2.6% |
| Profit (loss) for the period | 9904 | -€421,434 | -€145,855 | +€275,579 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€421,434 | -€145,855 | +€275,579 | +65.4% |
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 18 October 2026 via checked.be.