VANDEWEGHE: what changed
VANDEWEGHE
Largest movements
- Cash +€32,914
up €32,914 (+31.4%), from €104,838 to €137,752
mainly Net result for the year (+€19,006) and Depreciation (+€16,520)
- Tangible fixed assets -€16,520
down €16,520 (-25.1%), from €65,741 to €49,221
of which Furniture and vehicles: -€12,634
- Receivables within one year +€2,955
up €2,955 (+18.1%), from €16,284 to €19,239
of which Other amounts receivable: +€3,962
- Reserves +€19,006
up €19,006 (+16.6%), from €114,835 to €133,841
of which Distributable reserves: +€19,006
- Gross operating margin -€22,235
down €22,235 (-32.3%), from €68,917 to €46,682
- Taxes -€7,892
down €7,892 (-42.9%), from €18,410 to €10,517
- Depreciation +€4,094
up €4,094 (+32.9%), from €12,427 to €16,520
- Financial income -€1,283
down €1,283 (-97.2%), from €1,320 to €37
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 | €189,284 | €208,904 | +€19,619 | +10.4% |
| Fixed assets | 21/28 | €65,741 | €49,221 | -€16,520 | -25.1% |
| Tangible fixed assets | 22/27 | €65,741 | €49,221 | -€16,520 | -25.1% |
| Plant, machinery and equipment | 23 | €10,994 | €7,108 | -€3,887 | -35.4% |
| Furniture and vehicles | 24 | €54,747 | €42,113 | -€12,634 | -23.1% |
| Current assets | 29/58 | €123,543 | €159,683 | +€36,140 | +29.3% |
| Amounts receivable within one year | 40/41 | €16,284 | €19,239 | +€2,955 | +18.1% |
| Trade receivables | 40 | €7,629 | €6,622 | -€1,007 | -13.2% |
| Other amounts receivable | 41 | €8,656 | €12,618 | +€3,962 | +45.8% |
| Current investments | 50/53 | €1 | €27 | +€26 | +3,924% |
| Cash at bank and in hand | 54/58 | €104,838 | €137,752 | +€32,914 | +31.4% |
| Deferred charges and accrued income | 490/1 | €2,420 | €2,665 | +€245 | +10.1% |
| Total equity and liabilities | 10/49 | €189,284 | €208,904 | +€19,619 | +10.4% |
| Equity | 10/15 | €188,577 | €207,583 | +€19,006 | +10.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €114,835 | €133,841 | +€19,006 | +16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,975 | €131,981 | +€19,006 | +16.8% |
| Profit (loss) carried forward | 14 | €67,536 | €67,536 | = | 0.0% |
| Amounts payable | 17/49 | €708 | €1,321 | +€613 | +86.7% |
| Amounts payable within one year | 42/48 | €708 | €1,321 | +€613 | +86.7% |
| Trade debts | 44 | €590 | €615 | +€25 | +4.2% |
| Suppliers | 440/4 | €590 | €615 | +€25 | +4.2% |
| Taxes, remuneration and social security | 45 | €118 | €706 | +€588 | +501% |
| Taxes | 450/3 | €118 | €706 | +€588 | +501% |
| Non-recurring operating income | 76A | €12,456 | - | -€12,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,427 | €16,520 | +€4,094 | +32.9% |
| Other operating charges | 640/8 | €460 | €575 | +€114 | +24.9% |
| Gross operating margin | 9900 | €68,917 | €46,682 | -€22,235 | -32.3% |
| Operating profit (loss) | 9901 | €56,030 | €29,587 | -€26,443 | -47.2% |
| Financial income | 75/76B | €1,320 | €37 | -€1,283 | -97.2% |
| Recurring financial income | 75 | €1,320 | €37 | -€1,283 | -97.2% |
| Financial charges | 65/66B | €128 | €100 | -€27 | -21.5% |
| Recurring financial charges | 65 | €128 | €100 | -€27 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €57,222 | €29,523 | -€27,699 | -48.4% |
| Income taxes | 67/77 | €18,410 | €10,517 | -€7,892 | -42.9% |
| Profit (loss) for the period | 9904 | €38,812 | €19,006 | -€19,807 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,812 | €19,006 | -€19,807 | -51.0% |
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 6 November 2026 via checked.be.