VANDIMMO: 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.
VANDIMMO
Largest movements
- Financial fixed assets +€4.9m
up €4.9m (+42.7%), from €11.4m to €16.3m
- Receivables within one year +€2.0m
up €2.0m (+98350.7%), from €2,046 to €2.0m
of which Other amounts receivable: +€1.9m
- Tangible fixed assets -€349,837
down €349,837 (-5.3%), from €6.6m to €6.2m
of which Land and buildings: -€315,601
- Reserves +€4.3m
up €4.3m (+75.5%), from €5.6m to €9.9m
of which Distributable reserves: +€4.3m
- Debts after one year +€2.9m
up €2.9m (+48.8%), from €6.0m to €8.9m
- Other debts -€1.1m
no longer reported in 2025 (was €1.1m)
- Tax, wage and social debts +€280,368
up €280,368 (+54.1%), from €518,092 to €798,460
of which Taxes: +€284,735
- Gross operating margin +€540,586
up €540,586 (+19.7%), from €2.7m to €3.3m
- Financial income +€522,305
up €522,305 (+26.1%), from €2.0m to €2.5m
- Taxes +€238,498
up €238,498 (+42.1%), from €567,066 to €805,564
- Financial charges -€40,185
down €40,185 (-12.9%), from €310,770 to €270,586
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,011,656 | €24,560,251 | +€6.5m | +36.4% |
| Fixed assets | 21/28 | €17,984,180 | €22,511,513 | +€4.5m | +25.2% |
| Tangible fixed assets | 22/27 | €6,552,180 | €6,202,343 | -€349,837 | -5.3% |
| Land and buildings | 22 | €6,386,044 | €6,070,444 | -€315,601 | -4.9% |
| Furniture and vehicles | 24 | €166,136 | €131,899 | -€34,236 | -20.6% |
| Financial fixed assets | 28 | €11,432,000 | €16,309,170 | +€4.9m | +42.7% |
| Current assets | 29/58 | €27,476 | €2,048,738 | +€2.0m | +7356.5% |
| Amounts receivable within one year | 40/41 | €2,046 | €2,014,468 | +€2.0m | +98350.7% |
| Trade receivables | 40 | €760 | €147,244 | +€146,484 | +19280.6% |
| Other amounts receivable | 41 | €1,286 | €1,867,224 | +€1.9m | +145048.9% |
| Cash at bank and in hand | 54/58 | €12,522 | €18,881 | +€6,359 | +50.8% |
| Deferred charges and accrued income | 490/1 | €12,907 | €15,389 | +€2,481 | +19.2% |
| Total equity and liabilities | 10/49 | €18,011,656 | €24,560,251 | +€6.5m | +36.4% |
| Equity | 10/15 | €9,121,196 | €13,372,220 | +€4.3m | +46.6% |
| Contributions | 10/11 | €3,493,970 | €3,493,970 | = | 0.0% |
| Capital | 10 | €3,493,970 | €3,493,970 | = | 0.0% |
| Issued capital | 100 | €3,493,970 | €3,493,970 | = | 0.0% |
| Reserves | 13 | €5,627,226 | €9,878,249 | +€4.3m | +75.5% |
| Non-distributable reserves | 130/1 | €229,125 | €349,397 | +€120,272 | +52.5% |
| Legal reserve | 130 | €229,125 | €349,397 | +€120,272 | +52.5% |
| Tax-exempt reserves | 132 | €1,846,994 | €1,726,150 | -€120,844 | -6.5% |
| Distributable reserves | 133 | €3,551,107 | €7,802,702 | +€4.3m | +119.7% |
| Provisions and deferred taxes | 16 | €615,665 | €575,383 | -€40,281 | -6.5% |
| Deferred taxes | 168 | €615,665 | €575,383 | -€40,281 | -6.5% |
| Amounts payable | 17/49 | €8,274,795 | €10,612,648 | +€2.3m | +28.3% |
| Amounts payable after more than one year | 17 | €5,976,344 | €8,890,725 | +€2.9m | +48.8% |
| Financial debts | 170/4 | €5,976,344 | €8,890,725 | +€2.9m | +48.8% |
| Amounts payable within one year | 42/48 | €2,159,294 | €1,590,853 | -€568,441 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €558,578 | €787,620 | +€229,042 | +41.0% |
| Trade debts | 44 | €6,220 | €4,773 | -€1,448 | -23.3% |
| Suppliers | 440/4 | €6,220 | €4,773 | -€1,448 | -23.3% |
| Taxes, remuneration and social security | 45 | €518,092 | €798,460 | +€280,368 | +54.1% |
| Taxes | 450/3 | €498,755 | €783,490 | +€284,735 | +57.1% |
| Remuneration and social security | 454/9 | €19,338 | €14,971 | -€4,367 | -22.6% |
| Other amounts payable | 47/48 | €1,076,404 | - | -€1.1m | |
| Accrued charges and deferred income | 492/3 | €139,158 | €131,070 | -€8,088 | -5.8% |
| Remuneration, social security and pensions | 62 | €127,754 | €133,697 | +€5,943 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,646 | €349,837 | +€29,191 | +9.1% |
| Other operating charges | 640/8 | €34,873 | €37,208 | +€2,335 | +6.7% |
| Gross operating margin | 9900 | €2,744,664 | €3,285,249 | +€540,586 | +19.7% |
| Operating profit (loss) | 9901 | €2,261,391 | €2,764,508 | +€503,117 | +22.2% |
| Financial income | 75/76B | €2,000,080 | €2,522,385 | +€522,305 | +26.1% |
| Recurring financial income | 75 | €2,000,080 | €2,522,385 | +€522,305 | +26.1% |
| Financial charges | 65/66B | €310,770 | €270,586 | -€40,185 | -12.9% |
| Recurring financial charges | 65 | €310,770 | €270,586 | -€40,185 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €3,950,700 | €5,016,307 | +€1.1m | +27.0% |
| Transfer from deferred taxes | 780 | €40,281 | €40,281 | = | 0.0% |
| Income taxes | 67/77 | €567,066 | €805,564 | +€238,498 | +42.1% |
| Profit (loss) for the period | 9904 | €3,423,915 | €4,251,024 | +€827,109 | +24.2% |
| Transfer from tax-exempt reserves | 789 | €120,844 | €120,844 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,544,758 | €4,371,867 | +€827,109 | +23.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.