Vanmaele Peter: what changed
Vanmaele Peter
Largest movements
- Tangible fixed assets -€44,211
down €44,211 (-42.2%), from €104,810 to €60,600
of which Plant, machinery and equipment: -€35,480
- Cash +€25,316
up €25,316 (+24.9%), from €101,731 to €127,047
mainly Depreciation (+€70,211) and Net result for the year (+€13,900)
- Receivables within one year -€5,458
down €5,458 (-4.2%), from €128,909 to €123,451
of which Other amounts receivable: -€7,347
- Debts after one year -€22,698
down €22,698 (-40.3%), from €56,254 to €33,556
- Current portion of long-term debt -€19,358
down €19,358 (-42.6%), from €45,453 to €26,095
- Reserves +€13,900
up €13,900 (+14.5%), from €95,860 to €109,760
- Gross operating margin +€40,971
up €40,971 (+66.4%), from €61,747 to €102,717
- Financial charges +€5,568
up €5,568 (+141%), from €3,952 to €9,519
- Taxes +€5,460
up €5,460 (+6,335%), from €86 to €5,546
- Depreciation -€4,270
down €4,270 (-5.7%), from €74,480 to €70,211
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 | €394,285 | €368,312 | -€25,973 | -6.6% |
| Fixed assets | 21/28 | €104,810 | €60,600 | -€44,211 | -42.2% |
| Tangible fixed assets | 22/27 | €104,810 | €60,600 | -€44,211 | -42.2% |
| Land and buildings | 22 | €1,495 | €1,380 | -€115 | -7.7% |
| Plant, machinery and equipment | 23 | €90,829 | €55,348 | -€35,480 | -39.1% |
| Furniture and vehicles | 24 | €12,486 | €3,871 | -€8,615 | -69.0% |
| Current assets | 29/58 | €289,475 | €307,713 | +€18,237 | +6.3% |
| Stocks and contracts in progress | 3 | €5,932 | €6,874 | +€942 | +15.9% |
| Stocks | 30/36 | €5,932 | €6,874 | +€942 | +15.9% |
| Amounts receivable within one year | 40/41 | €128,909 | €123,451 | -€5,458 | -4.2% |
| Trade receivables | 40 | €108,232 | €110,121 | +€1,889 | +1.7% |
| Other amounts receivable | 41 | €20,677 | €13,330 | -€7,347 | -35.5% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €101,731 | €127,047 | +€25,316 | +24.9% |
| Deferred charges and accrued income | 490/1 | €2,903 | €340 | -€2,563 | -88.3% |
| Total equity and liabilities | 10/49 | €394,285 | €368,312 | -€25,973 | -6.6% |
| Equity | 10/15 | €279,020 | €292,920 | +€13,900 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,860 | €109,760 | +€13,900 | +14.5% |
| Distributable reserves | 133 | €95,860 | €109,760 | +€13,900 | +14.5% |
| Profit (loss) carried forward | 14 | €164,560 | €164,560 | = | 0.0% |
| Amounts payable | 17/49 | €115,265 | €75,392 | -€39,874 | -34.6% |
| Amounts payable after more than one year | 17 | €56,254 | €33,556 | -€22,698 | -40.3% |
| Financial debts | 170/4 | €56,254 | €33,556 | -€22,698 | -40.3% |
| Amounts payable within one year | 42/48 | €59,012 | €41,836 | -€17,176 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €45,453 | €26,095 | -€19,358 | -42.6% |
| Trade debts | 44 | €10,558 | €9,615 | -€944 | -8.9% |
| Suppliers | 440/4 | €10,558 | €9,615 | -€944 | -8.9% |
| Taxes, remuneration and social security | 45 | €3,000 | €6,126 | +€3,126 | +104% |
| Taxes | 450/3 | €3,000 | €6,126 | +€3,126 | +104% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €210 | €0 | -€210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,480 | €70,211 | -€4,270 | -5.7% |
| Other operating charges | 640/8 | €4,505 | €5,306 | +€801 | +17.8% |
| Gross operating margin | 9900 | €61,747 | €102,717 | +€40,971 | +66.4% |
| Operating profit (loss) | 9901 | -€17,449 | €27,201 | +€44,650 | |
| Financial income | 75/76B | €1,363 | €1,764 | +€401 | +29.5% |
| Recurring financial income | 75 | €1,363 | €1,764 | +€401 | +29.5% |
| Financial charges | 65/66B | €3,952 | €9,519 | +€5,568 | +141% |
| Recurring financial charges | 65 | €3,952 | €9,519 | +€5,568 | +141% |
| Profit (loss) for the period before taxes | 9903 | -€20,037 | €19,446 | +€39,483 | |
| Income taxes | 67/77 | €86 | €5,546 | +€5,460 | +6,335% |
| Profit (loss) for the period | 9904 | -€20,124 | €13,900 | +€34,024 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,124 | €13,900 | +€34,024 |
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 7 November 2026 via checked.be.