Vandeweghe: 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
Vandeweghe
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€457,835
2024 · €46,054+€411,781
Equity
€1.8m
2024 · €1.5m+€332,835
Cash
€580,368
2024 · €81,420+€498,948
Balance sheet total
€2.3m
2024 · €2.6m-€271,678
Largest movements
Assets
- Receivables within one year -€831,265
down €831,265 (-37.0%), from €2.2m to €1.4m
of which Trade receivables: -€782,158
- Cash +€498,948
up €498,948 (+613%), from €81,420 to €580,368
mainly Receivables within one year (+€831,265) and Net result for the year (+€457,835)
- Stocks and contracts +€62,850
up €62,850 (+201%), from €31,200 to €94,050
Equity and liabilities
- Reserves +€383,265
up €383,265 (+34.4%), from €1.1m to €1.5m
of which Distributable reserves: +€202,836
- Short-term financial debts -€325,082
down €325,082 (-100%), from €325,082 to €0
- Trade debts -€297,914
down €297,914 (-62.8%), from €474,066 to €176,152
- Provisions -€167,000
down €167,000 (-80.7%), from €207,000 to €40,000
- Other debts +€117,902
up €117,902 (+808%), from €14,598 to €132,500
Income statement
- Gross operating margin +€497,670
up €497,670 (+243%), from €205,068 to €702,738
- Provisions -€167,000
down €167,000, from €0 to -€167,000
- Taxes +€159,249
up €159,249 (+534%), from €29,795 to €189,045
- Write-downs +€132,910
up €132,910, from -€4,404 to €128,506
- Staff costs -€21,878
down €21,878 (-31.7%), from €68,960 to €47,081
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
€46,054
Gross operating margin
+€497,670
Staff costs
+€21,878
Depreciation
+€1,666
Write-downs
-€132,910
Provisions
+€167,000
Other operating charges
+€5,979
Financial income
+€2,074
Financial charges
+€7,674
Taxes
-€159,249
Result 2025
€457,835
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
+€996,104
Investment
-€33,658
Financing
-€463,498
Cash 2024
€81,420
From operations (derived)
+€996,104
Net result for the year
+€457,835
Depreciation
+€16,569
Receivables after one year
+€18,993
Stocks and contracts
-€62,850
Receivables within one year
+€831,265
Deferred charges and accrued income
+€308
Provisions
-€167,000
Trade debts
-€297,914
Tax, wage and social debts
+€77,157
Other debts
+€117,902
Accrued charges and deferred income
+€3,840
Investment (derived)
-€33,658
Investment in fixed assets (net)
-€33,658
Financing
-€463,498
Debts after one year
-€8,264
Current portion of long-term debt
-€5,152
Short-term financial debts
-€325,082
Contributions, distributions and other
-€125,000
Cash 2025
€580,368
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,600,223 | €2,328,545 | -€271,678 | -10.4% |
| Fixed assets | 21/28 | €153,214 | €170,303 | +€17,089 | +11.2% |
| Tangible fixed assets | 22/27 | €148,919 | €166,008 | +€17,089 | +11.5% |
| Land and buildings | 22 | €90,746 | €80,865 | -€9,881 | -10.9% |
| Plant, machinery and equipment | 23 | €2,606 | €808 | -€1,798 | -69.0% |
| Furniture and vehicles | 24 | €55,567 | €84,335 | +€28,768 | +51.8% |
| Financial fixed assets | 28 | €4,295 | €4,295 | = | 0.0% |
| Current assets | 29/58 | €2,447,009 | €2,158,242 | -€288,767 | -11.8% |
| Amounts receivable after more than one year | 29 | €84,625 | €65,632 | -€18,993 | -22.4% |
| Other amounts receivable | 291 | €84,625 | €65,632 | -€18,993 | -22.4% |
| Stocks and contracts in progress | 3 | €31,200 | €94,050 | +€62,850 | +201% |
| Stocks | 30/36 | €31,200 | €94,050 | +€62,850 | +201% |
| Amounts receivable within one year | 40/41 | €2,249,218 | €1,417,953 | -€831,265 | -37.0% |
| Trade receivables | 40 | €2,143,249 | €1,361,092 | -€782,158 | -36.5% |
| Other amounts receivable | 41 | €105,969 | €56,862 | -€49,107 | -46.3% |
| Cash at bank and in hand | 54/58 | €81,420 | €580,368 | +€498,948 | +613% |
| Deferred charges and accrued income | 490/1 | €546 | €238 | -€308 | -56.3% |
| Total equity and liabilities | 10/49 | €2,600,223 | €2,328,545 | -€271,678 | -10.4% |
| Equity | 10/15 | €1,501,146 | €1,833,981 | +€332,835 | +22.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,113,734 | €1,496,999 | +€383,265 | +34.4% |
| Tax-exempt reserves | 132 | €361,800 | €542,229 | +€180,429 | +49.9% |
| Distributable reserves | 133 | €751,934 | €954,770 | +€202,836 | +27.0% |
| Profit (loss) carried forward | 14 | €368,820 | €318,390 | -€50,430 | -13.7% |
| Provisions and deferred taxes | 16 | €207,000 | €40,000 | -€167,000 | -80.7% |
| Provisions for liabilities and charges | 160/5 | €207,000 | €40,000 | -€167,000 | -80.7% |
| Pensions and similar obligations | 160 | €40,000 | €40,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,000 | €0 | -€15,000 | -100% |
| Other liabilities and charges | 164/5 | €152,000 | €0 | -€152,000 | -100% |
| Amounts payable | 17/49 | €892,077 | €454,564 | -€437,514 | -49.0% |
| Amounts payable after more than one year | 17 | €11,513 | €3,249 | -€8,264 | -71.8% |
| Financial debts | 170/4 | €11,513 | €0 | -€11,513 | -100% |
| Other amounts payable | 178/9 | - | €3,249 | +€3,249 | |
| Amounts payable within one year | 42/48 | €877,390 | €444,301 | -€433,090 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €56,697 | €51,545 | -€5,152 | -9.1% |
| Financial debts | 43 | €325,082 | €0 | -€325,082 | -100% |
| Credit institutions | 430/8 | €325,082 | €0 | -€325,082 | -100% |
| Trade debts | 44 | €474,066 | €176,152 | -€297,914 | -62.8% |
| Suppliers | 440/4 | €474,066 | €176,152 | -€297,914 | -62.8% |
| Taxes, remuneration and social security | 45 | €6,947 | €84,104 | +€77,157 | +1,111% |
| Taxes | 450/3 | €2,018 | €80,968 | +€78,950 | +3,912% |
| Remuneration and social security | 454/9 | €4,929 | €3,136 | -€1,793 | -36.4% |
| Other amounts payable | 47/48 | €14,598 | €132,500 | +€117,902 | +808% |
| Accrued charges and deferred income | 492/3 | €3,175 | €7,014 | +€3,840 | +121% |
| Non-recurring operating income | 76A | €0 | €252,932 | +€252,932 | |
| Remuneration, social security and pensions | 62 | €68,960 | €47,081 | -€21,878 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,235 | €16,569 | -€1,666 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,404 | €128,506 | +€132,910 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€167,000 | -€167,000 | |
| Other operating charges | 640/8 | €28,555 | €22,576 | -€5,979 | -20.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €205,068 | €702,738 | +€497,670 | +243% |
| Operating profit (loss) | 9901 | €93,723 | €655,005 | +€561,282 | +599% |
| Financial income | 75/76B | €5,405 | €7,479 | +€2,074 | +38.4% |
| Recurring financial income | 75 | €5,405 | €7,479 | +€2,074 | +38.4% |
| Financial charges | 65/66B | €23,278 | €15,604 | -€7,674 | -33.0% |
| Recurring financial charges | 65 | €23,278 | €15,604 | -€7,674 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €75,850 | €646,880 | +€571,030 | +753% |
| Income taxes | 67/77 | €29,795 | €189,045 | +€159,249 | +534% |
| Profit (loss) for the period | 9904 | €46,054 | €457,835 | +€411,781 | +894% |
| Transfer from tax-exempt reserves | 789 | €89,757 | €72,171 | -€17,586 | -19.6% |
| Transfer to tax-exempt reserves | 689 | - | €252,600 | +€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,812 | €277,407 | +€141,595 | +104% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.