VANDYCKE ENGINEERING: what changed
VANDYCKE ENGINEERING
Largest movements
- Receivables within one year +€20,447
up €20,447 (+38.9%), from €52,564 to €73,011
of which Other amounts receivable: +€18,492
- Cash +€4,137
up €4,137 (+5.3%), from €77,756 to €81,893
mainly Other debts (+€66,761) and Net result for the year (+€29,687)
- Deferred charges and accrued income -€2,891
down €2,891 (-39.1%), from €7,401 to €4,509
- Reserves -€76,200
down €76,200 (-53.5%), from €142,344 to €66,144
- Other debts +€66,761
up €66,761 (+707%), from €9,439 to €76,200
- Profit (loss) carried forward +€29,687
up €29,687 (+948,473%), from €3 to €29,690
- Trade debts +€6,822
up €6,822 (+1,677%), from €407 to €7,229
- Tax, wage and social debts -€3,748
down €3,748 (-50.9%), from €7,368 to €3,621
- Gross operating margin -€6,264
down €6,264 (-13.0%), from €48,357 to €42,093
- Taxes -€1,967
down €1,967 (-16.1%), from €12,227 to €10,261
- Depreciation +€806
up €806 (+174%), from €464 to €1,270
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,161 | €201,484 | +€23,323 | +13.1% |
| Fixed assets | 21/28 | €441 | €2,071 | +€1,630 | +370% |
| Tangible fixed assets | 22/27 | €441 | €2,071 | +€1,630 | +370% |
| Furniture and vehicles | 24 | €441 | €2,071 | +€1,630 | +370% |
| Current assets | 29/58 | €177,720 | €199,413 | +€21,693 | +12.2% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,564 | €73,011 | +€20,447 | +38.9% |
| Trade receivables | 40 | €0 | €1,955 | +€1,955 | |
| Other amounts receivable | 41 | €52,564 | €71,056 | +€18,492 | +35.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €77,756 | €81,893 | +€4,137 | +5.3% |
| Deferred charges and accrued income | 490/1 | €7,401 | €4,509 | -€2,891 | -39.1% |
| Total equity and liabilities | 10/49 | €178,161 | €201,484 | +€23,323 | +13.1% |
| Equity | 10/15 | €160,947 | €114,434 | -€46,513 | -28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,344 | €66,144 | -€76,200 | -53.5% |
| Distributable reserves | 133 | €142,344 | €66,144 | -€76,200 | -53.5% |
| Profit (loss) carried forward | 14 | €3 | €29,690 | +€29,687 | +948,473% |
| Amounts payable | 17/49 | €17,214 | €87,050 | +€69,836 | +406% |
| Amounts payable within one year | 42/48 | €17,214 | €87,050 | +€69,836 | +406% |
| Trade debts | 44 | €407 | €7,229 | +€6,822 | +1,677% |
| Suppliers | 440/4 | €407 | €7,229 | +€6,822 | +1,677% |
| Taxes, remuneration and social security | 45 | €7,368 | €3,621 | -€3,748 | -50.9% |
| Taxes | 450/3 | €7,368 | €3,621 | -€3,748 | -50.9% |
| Other amounts payable | 47/48 | €9,439 | €76,200 | +€66,761 | +707% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464 | €1,270 | +€806 | +174% |
| Other operating charges | 640/8 | €129 | €558 | +€429 | +333% |
| Gross operating margin | 9900 | €48,357 | €42,093 | -€6,264 | -13.0% |
| Operating profit (loss) | 9901 | €47,765 | €40,265 | -€7,499 | -15.7% |
| Financial income | 75/76B | €596 | €134 | -€462 | -77.5% |
| Recurring financial income | 75 | €596 | €134 | -€462 | -77.5% |
| Financial charges | 65/66B | €499 | €452 | -€47 | -9.5% |
| Recurring financial charges | 65 | €499 | €452 | -€47 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €47,862 | €39,948 | -€7,914 | -16.5% |
| Income taxes | 67/77 | €12,227 | €10,261 | -€1,967 | -16.1% |
| Profit (loss) for the period | 9904 | €35,634 | €29,687 | -€5,947 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,634 | €29,687 | -€5,947 | -16.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.