VANDEWOUDE: what changed
Two fiscal 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.
VANDEWOUDE
Largest movements
- Stocks and contracts -€35,020
down €35,020 (-28.8%), from €121,392 to €86,373
- Tangible fixed assets -€6,237
down €6,237 (-30.1%), from €20,705 to €14,468
of which Furniture and vehicles: -€3,158
- Receivables within one year +€3,379
up €3,379 (+6.8%), from €49,960 to €53,339
of which Other amounts receivable: +€2,150
- Profit (loss) carried forward -€34,373
down €34,373 (-187.4%), from -€18,339 to -€52,712
- Trade debts -€8,763
down €8,763 (-72.7%), from €12,050 to €3,286
- Short-term financial debts +€6,553
new in 2022: €6,553
- Debts after one year -€3,078
down €3,078 (-34.8%), from €8,850 to €5,772
- Gross operating margin -€21,503
down €21,503, from €17,016 to -€4,487
- Staff costs +€11,302
up €11,302 (+112.3%), from €10,062 to €21,363
- Financial charges -€1,004
down €1,004 (-30.5%), from €3,295 to €2,291
- Financial income +€677
up €677 (+39.8%), from €1,703 to €2,381
- Other operating charges +€429
up €429 (+28.9%), from €1,483 to €1,912
From the 2021 result to the 2022 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.
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,220 | €160,064 | -€38,156 | -19.2% |
| Fixed assets | 21/28 | €22,675 | €15,975 | -€6,700 | -29.5% |
| Intangible fixed assets | 21 | €1,813 | €1,350 | -€463 | -25.5% |
| Tangible fixed assets | 22/27 | €20,705 | €14,468 | -€6,237 | -30.1% |
| Plant, machinery and equipment | 23 | €1,709 | €1,309 | -€399 | -23.4% |
| Furniture and vehicles | 24 | €11,913 | €8,754 | -€3,158 | -26.5% |
| Other tangible fixed assets | 26 | €7,083 | €4,404 | -€2,679 | -37.8% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €175,545 | €144,089 | -€31,456 | -17.9% |
| Stocks and contracts in progress | 3 | €121,392 | €86,373 | -€35,020 | -28.8% |
| Stocks | 30/36 | €121,392 | €86,373 | -€35,020 | -28.8% |
| Amounts receivable within one year | 40/41 | €49,960 | €53,339 | +€3,379 | +6.8% |
| Trade receivables | 40 | €33,353 | €34,582 | +€1,229 | +3.7% |
| Other amounts receivable | 41 | €16,607 | €18,757 | +€2,150 | +12.9% |
| Current investments | 50/53 | - | €1,414 | +€1,414 | |
| Cash at bank and in hand | 54/58 | €1,226 | - | -€1,226 | |
| Deferred charges and accrued income | 490/1 | €2,967 | €2,963 | -€3 | -0.1% |
| Total equity and liabilities | 10/49 | €198,220 | €160,064 | -€38,156 | -19.2% |
| Equity | 10/15 | €152,339 | €117,966 | -€34,373 | -22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,078 | €152,078 | = | 0.0% |
| 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 | €150,218 | €150,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,339 | -€52,712 | -€34,373 | -187.4% |
| Amounts payable | 17/49 | €45,881 | €42,098 | -€3,782 | -8.2% |
| Amounts payable after more than one year | 17 | €8,850 | €5,772 | -€3,078 | -34.8% |
| Financial debts | 170/4 | €8,850 | €5,772 | -€3,078 | -34.8% |
| Amounts payable within one year | 42/48 | €36,619 | €36,212 | -€407 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €3,029 | €3,078 | +€49 | +1.6% |
| Financial debts | 43 | - | €6,553 | +€6,553 | |
| Credit institutions | 430/8 | - | €6,553 | +€6,553 | |
| Trade debts | 44 | €12,050 | €3,286 | -€8,763 | -72.7% |
| Suppliers | 440/4 | €12,050 | €3,286 | -€8,763 | -72.7% |
| Taxes, remuneration and social security | 45 | €21,540 | €23,295 | +€1,754 | +8.1% |
| Taxes | 450/3 | €9,204 | €9,701 | +€497 | +5.4% |
| Remuneration and social security | 454/9 | €12,337 | €13,594 | +€1,257 | +10.2% |
| Accrued charges and deferred income | 492/3 | €412 | €114 | -€298 | -72.2% |
| Remuneration, social security and pensions | 62 | €10,062 | €21,363 | +€11,302 | +112.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,588 | €6,700 | +€112 | +1.7% |
| Other operating charges | 640/8 | €1,483 | €1,912 | +€429 | +28.9% |
| Gross operating margin | 9900 | €17,016 | -€4,487 | -€21,503 | |
| Operating profit (loss) | 9901 | -€1,117 | -€34,463 | -€33,346 | -2984.4% |
| Financial income | 75/76B | €1,703 | €2,381 | +€677 | +39.8% |
| Recurring financial income | 75 | €1,703 | €2,381 | +€677 | +39.8% |
| Financial charges | 65/66B | €3,295 | €2,291 | -€1,004 | -30.5% |
| Recurring financial charges | 65 | €3,295 | €2,291 | -€1,004 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,708 | -€34,373 | -€31,665 | -1169.1% |
| Profit (loss) for the period | 9904 | -€2,708 | -€34,373 | -€31,665 | -1169.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,708 | -€34,373 | -€31,665 | -1169.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.