VANDOUSSELAERE H.: 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.
VANDOUSSELAERE H.
Largest movements
- Current investments -€60,014
down €60,014 (-29.9%), from €200,990 to €140,975
- Tangible fixed assets -€33,268
down €33,268 (-4.5%), from €731,679 to €698,412
of which Land and buildings: -€31,406
- Reserves -€63,221
down €63,221 (-42.9%), from €147,276 to €84,055
- Debts after one year -€35,000
down €35,000 (-36.4%), from €96,250 to €61,250
- Financial charges +€11,025
up €11,025 (+437%), from €2,521 to €13,546
- Taxes -€813
down €813 (-57.8%), from €1,406 to €593
- Depreciation -€627
down €627 (-1.8%), from €33,895 to €33,268
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 | €1,009,182 | €907,249 | -€101,933 | -10.1% |
| Fixed assets | 21/28 | €732,189 | €698,922 | -€33,268 | -4.5% |
| Tangible fixed assets | 22/27 | €731,679 | €698,412 | -€33,268 | -4.5% |
| Land and buildings | 22 | €729,672 | €698,266 | -€31,406 | -4.3% |
| Furniture and vehicles | 24 | €2,008 | €146 | -€1,862 | -92.7% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €276,992 | €208,327 | -€68,665 | -24.8% |
| Amounts receivable within one year | 40/41 | €1,052 | €1,091 | +€39 | +3.7% |
| Other amounts receivable | 41 | €1,052 | €1,091 | +€39 | +3.7% |
| Current investments | 50/53 | €200,990 | €140,975 | -€60,014 | -29.9% |
| Cash at bank and in hand | 54/58 | €73,756 | €64,987 | -€8,770 | -11.9% |
| Deferred charges and accrued income | 490/1 | €1,194 | €1,274 | +€79 | +6.6% |
| Total equity and liabilities | 10/49 | €1,009,182 | €907,249 | -€101,933 | -10.1% |
| Equity | 10/15 | €867,574 | €804,353 | -€63,221 | -7.3% |
| Contributions | 10/11 | €720,298 | €720,298 | = | 0.0% |
| Reserves | 13 | €147,276 | €84,055 | -€63,221 | -42.9% |
| Distributable reserves | 133 | €147,276 | €84,055 | -€63,221 | -42.9% |
| Amounts payable | 17/49 | €141,607 | €102,895 | -€38,712 | -27.3% |
| Amounts payable after more than one year | 17 | €96,250 | €61,250 | -€35,000 | -36.4% |
| Financial debts | 170/4 | €96,250 | €61,250 | -€35,000 | -36.4% |
| Amounts payable within one year | 42/48 | €45,304 | €41,592 | -€3,712 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €1,554 | €1,873 | +€320 | +20.6% |
| Suppliers | 440/4 | €1,554 | €1,873 | +€320 | +20.6% |
| Taxes, remuneration and social security | 45 | €1,286 | €422 | -€864 | -67.2% |
| Taxes | 450/3 | €1,286 | €422 | -€864 | -67.2% |
| Other amounts payable | 47/48 | €7,464 | €4,296 | -€3,167 | -42.4% |
| Accrued charges and deferred income | 492/3 | €54 | €54 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,895 | €33,268 | -€627 | -1.8% |
| Other operating charges | 640/8 | €7,112 | €6,832 | -€280 | -3.9% |
| Gross operating margin | 9900 | €53,863 | €54,252 | +€389 | +0.7% |
| Operating profit (loss) | 9901 | €12,856 | €14,152 | +€1,296 | +10.1% |
| Financial income | 75/76B | €3,932 | €4,206 | +€274 | +7.0% |
| Recurring financial income | 75 | €3,932 | €4,206 | +€274 | +7.0% |
| Financial charges | 65/66B | €2,521 | €13,546 | +€11,025 | +437% |
| Recurring financial charges | 65 | €2,521 | €13,546 | +€11,025 | +437% |
| Profit (loss) for the period before taxes | 9903 | €14,267 | €4,812 | -€9,455 | -66.3% |
| Income taxes | 67/77 | €1,406 | €593 | -€813 | -57.8% |
| Profit (loss) for the period | 9904 | €12,861 | €4,219 | -€8,642 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,861 | €4,219 | -€8,642 | -67.2% |
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 26 October 2026 via checked.be.