VANDOLEC: 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.
VANDOLEC
Largest movements
- Tangible fixed assets -€27,257
down €27,257 (-9.2%), from €295,431 to €268,174
of which Furniture and vehicles: -€14,465
- Receivables within one year +€11,007
up €11,007 (+28.8%), from €38,242 to €49,249
of which Trade receivables: +€9,597
- Reserves -€32,000
down €32,000 (-17.5%), from €183,000 to €151,000
- Debts after one year -€17,783
down €17,783 (-11.7%), from €151,820 to €134,037
- Trade debts +€14,508
up €14,508 (+815%), from €1,780 to €16,288
- Other debts +€13,205
up €13,205 (+25.5%), from €51,774 to €64,979
- Gross operating margin +€4,950
up €4,950 (+5.8%), from €85,715 to €90,665
- Staff costs +€1,609
up €1,609 (+23.8%), from €6,768 to €8,378
- Taxes +€1,015
up €1,015 (+7.4%), from €13,786 to €14,801
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,167 | €406,715 | -€19,452 | -4.6% |
| Fixed assets | 21/28 | €295,431 | €268,174 | -€27,257 | -9.2% |
| Tangible fixed assets | 22/27 | €295,431 | €268,174 | -€27,257 | -9.2% |
| Land and buildings | 22 | €246,064 | €234,185 | -€11,878 | -4.8% |
| Plant, machinery and equipment | 23 | €2,795 | €1,881 | -€914 | -32.7% |
| Furniture and vehicles | 24 | €46,573 | €32,108 | -€14,465 | -31.1% |
| Current assets | 29/58 | €130,735 | €138,541 | +€7,805 | +6.0% |
| Stocks and contracts in progress | 3 | €5,953 | €5,647 | -€306 | -5.1% |
| Stocks | 30/36 | €5,953 | €5,647 | -€306 | -5.1% |
| Amounts receivable within one year | 40/41 | €38,242 | €49,249 | +€11,007 | +28.8% |
| Trade receivables | 40 | €28,009 | €37,606 | +€9,597 | +34.3% |
| Other amounts receivable | 41 | €10,233 | €11,643 | +€1,411 | +13.8% |
| Cash at bank and in hand | 54/58 | €83,170 | €80,063 | -€3,106 | -3.7% |
| Deferred charges and accrued income | 490/1 | €3,370 | €3,581 | +€210 | +6.2% |
| Total equity and liabilities | 10/49 | €426,167 | €406,715 | -€19,452 | -4.6% |
| Equity | 10/15 | €202,477 | €170,577 | -€31,900 | -15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,000 | €151,000 | -€32,000 | -17.5% |
| Distributable reserves | 133 | €183,000 | €151,000 | -€32,000 | -17.5% |
| Profit (loss) carried forward | 14 | €877 | €977 | +€100 | +11.4% |
| Amounts payable | 17/49 | €223,690 | €236,138 | +€12,448 | +5.6% |
| Amounts payable after more than one year | 17 | €151,820 | €134,037 | -€17,783 | -11.7% |
| Financial debts | 170/4 | €151,820 | €134,037 | -€17,783 | -11.7% |
| Amounts payable within one year | 42/48 | €71,869 | €102,100 | +€30,231 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €17,566 | €17,783 | +€217 | +1.2% |
| Trade debts | 44 | €1,780 | €16,288 | +€14,508 | +815% |
| Suppliers | 440/4 | €1,780 | €16,288 | +€14,508 | +815% |
| Taxes, remuneration and social security | 45 | €750 | €3,051 | +€2,301 | +307% |
| Taxes | 450/3 | €750 | €3,051 | +€2,301 | +307% |
| Other amounts payable | 47/48 | €51,774 | €64,979 | +€13,205 | +25.5% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Remuneration, social security and pensions | 62 | €6,768 | €8,378 | +€1,609 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,482 | €27,257 | -€224 | -0.8% |
| Other operating charges | 640/8 | €1,930 | €1,799 | -€131 | -6.8% |
| Gross operating margin | 9900 | €85,715 | €90,665 | +€4,950 | +5.8% |
| Operating profit (loss) | 9901 | €49,535 | €53,232 | +€3,696 | +7.5% |
| Financial income | 75/76B | €1,932 | €1,779 | -€154 | -8.0% |
| Recurring financial income | 75 | €1,932 | €1,779 | -€154 | -8.0% |
| Financial charges | 65/66B | €2,366 | €2,110 | -€256 | -10.8% |
| Recurring financial charges | 65 | €2,366 | €2,110 | -€256 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €49,102 | €52,901 | +€3,799 | +7.7% |
| Income taxes | 67/77 | €13,786 | €14,801 | +€1,015 | +7.4% |
| Profit (loss) for the period | 9904 | €35,316 | €38,100 | +€2,784 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,316 | €38,100 | +€2,784 | +7.9% |
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 17 October 2026 via checked.be.