VANDROEMME: 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.
VANDROEMME
Largest movements
- Tangible fixed assets -€39,739
down €39,739 (-18.8%), from €211,913 to €172,174
of which Land and buildings: -€34,990
- Receivables within one year +€12,193
up €12,193 (+4.0%), from €306,757 to €318,950
of which Trade receivables: +€41,677
- Profit (loss) carried forward -€22,288
down €22,288 (-45.8%), from -€48,623 to -€70,911
- Other debts -€21,102
down €21,102 (-40.2%), from €52,471 to €31,369
- Trade debts +€18,514
up €18,514 (+9.2%), from €202,173 to €220,687
- Gross operating margin +€26,080
up €26,080 (+23.3%), from €112,096 to €138,176
- Staff costs +€10,134
up €10,134 (+10.4%), from €97,868 to €108,002
- Depreciation -€7,824
down €7,824 (-14.3%), from €54,699 to €46,876
- Write-downs -€4,303
down €4,303 (-100%), from €4,303 to €0
- Other operating charges -€3,152
down €3,152 (-38.9%), from €8,102 to €4,950
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 | €751,129 | €716,049 | -€35,080 | -4.7% |
| Fixed assets | 21/28 | €212,149 | €172,410 | -€39,739 | -18.7% |
| Tangible fixed assets | 22/27 | €211,913 | €172,174 | -€39,739 | -18.8% |
| Land and buildings | 22 | €119,329 | €84,339 | -€34,990 | -29.3% |
| Plant, machinery and equipment | 23 | €10,941 | €10,195 | -€746 | -6.8% |
| Furniture and vehicles | 24 | €81,642 | €56,002 | -€25,640 | -31.4% |
| Other tangible fixed assets | 26 | - | €21,638 | +€21,638 | |
| Financial fixed assets | 28 | €236 | €236 | = | 0.0% |
| Current assets | 29/58 | €538,980 | €543,639 | +€4,658 | +0.9% |
| Stocks and contracts in progress | 3 | €35,008 | €34,752 | -€256 | -0.7% |
| Stocks | 30/36 | €35,008 | €34,752 | -€256 | -0.7% |
| Amounts receivable within one year | 40/41 | €306,757 | €318,950 | +€12,193 | +4.0% |
| Trade receivables | 40 | €275,199 | €316,876 | +€41,677 | +15.1% |
| Other amounts receivable | 41 | €31,558 | €2,073 | -€29,485 | -93.4% |
| Cash at bank and in hand | 54/58 | €189,792 | €182,351 | -€7,441 | -3.9% |
| Deferred charges and accrued income | 490/1 | €7,423 | €7,586 | +€162 | +2.2% |
| Total equity and liabilities | 10/49 | €751,129 | €716,049 | -€35,080 | -4.7% |
| Equity | 10/15 | €469,587 | €447,300 | -€22,288 | -4.7% |
| Contributions | 10/11 | €128,521 | €128,521 | = | 0.0% |
| Reserves | 13 | €389,690 | €389,690 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,750 | €8,750 | = | 0.0% |
| Distributable reserves | 133 | €380,940 | €380,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,623 | -€70,911 | -€22,288 | -45.8% |
| Amounts payable | 17/49 | €281,542 | €268,749 | -€12,793 | -4.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €281,542 | €268,749 | -€12,793 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €0 | -€3,500 | -100% |
| Trade debts | 44 | €202,173 | €220,687 | +€18,514 | +9.2% |
| Suppliers | 440/4 | €202,173 | €220,687 | +€18,514 | +9.2% |
| Advances received on contracts in progress | 46 | €100 | €0 | -€100 | -100% |
| Taxes, remuneration and social security | 45 | €23,298 | €16,694 | -€6,604 | -28.3% |
| Taxes | 450/3 | €1,373 | €1,584 | +€211 | +15.4% |
| Remuneration and social security | 454/9 | €21,925 | €15,109 | -€6,816 | -31.1% |
| Other amounts payable | 47/48 | €52,471 | €31,369 | -€21,102 | -40.2% |
| Remuneration, social security and pensions | 62 | €97,868 | €108,002 | +€10,134 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,699 | €46,876 | -€7,824 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,303 | €0 | -€4,303 | -100% |
| Other operating charges | 640/8 | €8,102 | €4,950 | -€3,152 | -38.9% |
| Gross operating margin | 9900 | €112,096 | €138,176 | +€26,080 | +23.3% |
| Operating profit (loss) | 9901 | -€52,877 | -€21,652 | +€31,224 | +59.1% |
| Financial income | 75/76B | €2,893 | €10 | -€2,882 | -99.6% |
| Recurring financial income | 75 | €2,893 | €10 | -€2,882 | -99.6% |
| Financial charges | 65/66B | €850 | €100 | -€750 | -88.2% |
| Recurring financial charges | 65 | €850 | €100 | -€750 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,834 | -€21,742 | +€29,092 | +57.2% |
| Income taxes | 67/77 | €511 | €546 | +€35 | +6.7% |
| Profit (loss) for the period | 9904 | -€51,346 | -€22,288 | +€29,058 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,346 | -€22,288 | +€29,058 | +56.6% |
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 25 October 2026 via checked.be.