VANDOUSSELAERE STIJN: 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 STIJN
Largest movements
- Cash +€396,948
up €396,948 (+326%), from €121,720 to €518,668
mainly Net result for the year (+€202,153) and Other debts (+€120,412)
- Receivables within one year -€97,308
down €97,308 (-20.4%), from €476,411 to €379,103
- Tangible fixed assets -€48,063
down €48,063 (-6.5%), from €736,374 to €688,311
of which Land and buildings: -€37,787
- Stocks and contracts -€38,792
down €38,792 (-6.2%), from €625,063 to €586,271
- Other debts +€120,412
up €120,412 (+57.9%), from €207,914 to €328,326
- Debts after one year +€104,667
up €104,667 (+23.0%), from €455,000 to €559,667
- Advances received -€103,000
no longer reported in 2025 (was €103,000)
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Reserves +€90,000
up €90,000 (+14.0%), from €644,000 to €734,000
- Gross operating margin +€75,338
up €75,338 (+19.9%), from €379,265 to €454,603
- Write-downs -€48,525
down €48,525, from €28,525 to -€20,000
- Staff costs +€40,531
up €40,531 (+77.6%), from €52,201 to €92,731
- Taxes +€30,732
up €30,732 (+48.1%), from €63,899 to €94,631
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 | €1,961,654 | €2,175,065 | +€213,411 | +10.9% |
| Fixed assets | 21/28 | €736,374 | €689,864 | -€46,510 | -6.3% |
| Intangible fixed assets | 21 | - | €1,554 | +€1,554 | |
| Tangible fixed assets | 22/27 | €736,374 | €688,311 | -€48,063 | -6.5% |
| Land and buildings | 22 | €635,555 | €597,768 | -€37,787 | -5.9% |
| Plant, machinery and equipment | 23 | €88,632 | €66,220 | -€22,412 | -25.3% |
| Furniture and vehicles | 24 | €12,187 | €24,323 | +€12,136 | +99.6% |
| Current assets | 29/58 | €1,225,280 | €1,485,201 | +€259,921 | +21.2% |
| Stocks and contracts in progress | 3 | €625,063 | €586,271 | -€38,792 | -6.2% |
| Stocks | 30/36 | €625,063 | €586,271 | -€38,792 | -6.2% |
| Amounts receivable within one year | 40/41 | €476,411 | €379,103 | -€97,308 | -20.4% |
| Trade receivables | 40 | €476,411 | €379,103 | -€97,308 | -20.4% |
| Cash at bank and in hand | 54/58 | €121,720 | €518,668 | +€396,948 | +326% |
| Deferred charges and accrued income | 490/1 | €2,086 | €1,158 | -€928 | -44.5% |
| Total equity and liabilities | 10/49 | €1,961,654 | €2,175,065 | +€213,411 | +10.9% |
| Equity | 10/15 | €690,151 | €782,304 | +€92,153 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €644,000 | €734,000 | +€90,000 | +14.0% |
| Distributable reserves | 133 | €644,000 | €734,000 | +€90,000 | +14.0% |
| Profit (loss) carried forward | 14 | €39,951 | €42,104 | +€2,153 | +5.4% |
| Amounts payable | 17/49 | €1,271,503 | €1,392,761 | +€121,258 | +9.5% |
| Amounts payable after more than one year | 17 | €455,000 | €559,667 | +€104,667 | +23.0% |
| Financial debts | 170/4 | €455,000 | €559,667 | +€104,667 | +23.0% |
| Amounts payable within one year | 42/48 | €816,503 | €833,094 | +€16,591 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €42,000 | €82,000 | +€40,000 | +95.2% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €290,088 | €344,282 | +€54,194 | +18.7% |
| Suppliers | 440/4 | €290,088 | €344,282 | +€54,194 | +18.7% |
| Advances received on contracts in progress | 46 | €103,000 | - | -€103,000 | |
| Taxes, remuneration and social security | 45 | €73,501 | €78,487 | +€4,985 | +6.8% |
| Taxes | 450/3 | €64,755 | €66,951 | +€2,195 | +3.4% |
| Remuneration and social security | 454/9 | €8,746 | €11,536 | +€2,790 | +31.9% |
| Other amounts payable | 47/48 | €207,914 | €328,326 | +€120,412 | +57.9% |
| Non-recurring operating income | 76A | €10,525 | - | -€10,525 | |
| Remuneration, social security and pensions | 62 | €52,201 | €92,731 | +€40,531 | +77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,168 | €66,957 | +€1,789 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,525 | -€20,000 | -€48,525 | |
| Other operating charges | 640/8 | €5,465 | €6,250 | +€786 | +14.4% |
| Gross operating margin | 9900 | €379,265 | €454,603 | +€75,338 | +19.9% |
| Operating profit (loss) | 9901 | €227,907 | €308,664 | +€80,757 | +35.4% |
| Financial income | 75/76B | €278 | - | -€278 | |
| Recurring financial income | 75 | €278 | - | -€278 | |
| Financial charges | 65/66B | €8,788 | €11,880 | +€3,092 | +35.2% |
| Recurring financial charges | 65 | €8,788 | €11,880 | +€3,092 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €219,397 | €296,784 | +€77,387 | +35.3% |
| Income taxes | 67/77 | €63,899 | €94,631 | +€30,732 | +48.1% |
| Profit (loss) for the period | 9904 | €155,498 | €202,153 | +€46,655 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €155,498 | €202,153 | +€46,655 | +30.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.