Vandonink Machines: 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.
Vandonink Machines
Largest movements
- Stocks and contracts -€320,497
down €320,497 (-48.6%), from €659,982 to €339,485
- Deferred charges and accrued income -€25,199
down €25,199 (-29.9%), from €84,229 to €59,030
- Tangible fixed assets -€23,696
down €23,696 (-35.4%), from €66,887 to €43,191
of which Leasing and similar rights: -€16,600
- Receivables within one year +€11,579
up €11,579 (+14.9%), from €77,845 to €89,424
of which Trade receivables: +€14,602
- Profit (loss) carried forward -€199,808
down €199,808 (-71.1%), from -€280,878 to -€480,686
- Debts after one year -€102,380
down €102,380 (-14.3%), from €715,749 to €613,369
- Trade debts -€34,124
down €34,124 (-63.0%), from €54,169 to €20,045
of which Bills of exchange payable: -€52,515
- Other debts -€18,227
down €18,227 (-70.1%), from €25,991 to €7,764
- Staff costs -€80,440
down €80,440 (-51.2%), from €157,195 to €76,754
- Gross operating margin -€62,751
down €62,751 (-384%), from -€16,350 to -€79,101
- Financial charges -€27,830
down €27,830 (-67.3%), from €41,329 to €13,499
- Other operating charges -€10,852
down €10,852 (-77.3%), from €14,042 to €3,189
- Taxes -€1,296
down €1,296 (-84.9%), from €1,526 to €231
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 | €943,442 | €582,416 | -€361,026 | -38.3% |
| Fixed assets | 21/28 | €92,615 | €63,705 | -€28,911 | -31.2% |
| Intangible fixed assets | 21 | €25,728 | €20,513 | -€5,215 | -20.3% |
| Tangible fixed assets | 22/27 | €66,887 | €43,191 | -€23,696 | -35.4% |
| Land and buildings | 22 | €7,493 | €5,121 | -€2,373 | -31.7% |
| Plant, machinery and equipment | 23 | €10,534 | €10,460 | -€74 | -0.7% |
| Furniture and vehicles | 24 | €7,100 | €2,451 | -€4,649 | -65.5% |
| Leasing and similar rights | 25 | €41,759 | €25,159 | -€16,600 | -39.8% |
| Current assets | 29/58 | €850,827 | €518,712 | -€332,115 | -39.0% |
| Stocks and contracts in progress | 3 | €659,982 | €339,485 | -€320,497 | -48.6% |
| Stocks | 30/36 | €659,982 | €339,485 | -€320,497 | -48.6% |
| Amounts receivable within one year | 40/41 | €77,845 | €89,424 | +€11,579 | +14.9% |
| Trade receivables | 40 | €65,481 | €80,083 | +€14,602 | +22.3% |
| Other amounts receivable | 41 | €12,364 | €9,341 | -€3,023 | -24.4% |
| Cash at bank and in hand | 54/58 | €28,771 | €30,773 | +€2,002 | +7.0% |
| Deferred charges and accrued income | 490/1 | €84,229 | €59,030 | -€25,199 | -29.9% |
| Total equity and liabilities | 10/49 | €943,442 | €582,416 | -€361,026 | -38.3% |
| Equity | 10/15 | -€78,678 | -€278,486 | -€199,808 | -254% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €177,200 | €177,200 | = | 0.0% |
| Distributable reserves | 133 | €177,200 | €177,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€280,878 | -€480,686 | -€199,808 | -71.1% |
| Amounts payable | 17/49 | €1,022,120 | €860,902 | -€161,218 | -15.8% |
| Amounts payable after more than one year | 17 | €715,749 | €613,369 | -€102,380 | -14.3% |
| Financial debts | 170/4 | €715,749 | €613,369 | -€102,380 | -14.3% |
| Amounts payable within one year | 42/48 | €306,104 | €247,533 | -€58,571 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €10,288 | €6,018 | -€4,270 | -41.5% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €54,169 | €20,045 | -€34,124 | -63.0% |
| Suppliers | 440/4 | €1,653 | €20,045 | +€18,392 | +1,112% |
| Bills of exchange payable | 441 | €52,515 | - | -€52,515 | |
| Taxes, remuneration and social security | 45 | €15,656 | €13,706 | -€1,950 | -12.5% |
| Taxes | 450/3 | €3,876 | €49 | -€3,827 | -98.7% |
| Remuneration and social security | 454/9 | €11,781 | €13,657 | +€1,877 | +15.9% |
| Other amounts payable | 47/48 | €25,991 | €7,764 | -€18,227 | -70.1% |
| Accrued charges and deferred income | 492/3 | €267 | - | -€267 | |
| Non-recurring operating income | 76A | €416 | - | -€416 | |
| Remuneration, social security and pensions | 62 | €157,195 | €76,754 | -€80,440 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,854 | €32,216 | +€362 | +1.1% |
| Other operating charges | 640/8 | €14,042 | €3,189 | -€10,852 | -77.3% |
| Non-recurring operating charges | 66A | €24,266 | - | -€24,266 | |
| Gross operating margin | 9900 | -€16,350 | -€79,101 | -€62,751 | -384% |
| Operating profit (loss) | 9901 | -€243,706 | -€191,261 | +€52,446 | +21.5% |
| Financial income | 75/76B | €5,676 | €5,183 | -€493 | -8.7% |
| Recurring financial income | 75 | €5,676 | €5,183 | -€493 | -8.7% |
| Financial charges | 65/66B | €41,329 | €13,499 | -€27,830 | -67.3% |
| Recurring financial charges | 65 | €41,329 | €13,499 | -€27,830 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | -€279,360 | -€199,577 | +€79,783 | +28.6% |
| Income taxes | 67/77 | €1,526 | €231 | -€1,296 | -84.9% |
| Profit (loss) for the period | 9904 | -€280,886 | -€199,808 | +€81,078 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€280,886 | -€199,808 | +€81,078 | +28.9% |
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 30 October 2026 via checked.be.