YVES VANDEPUT: what changed
What changed
YVES VANDEPUT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€15,569
2024 · €433,225-€448,794
Equity
€5.1m
2024 · €5.1m-€15,569
Cash
€688
2024 · €41+€647
Balance sheet total
€17.5m
2024 · €17.1m+€368,602
Largest movements
Assets
- Receivables within one year +€391,533
up €391,533 (+30.1%), from €1.3m to €1.7m
of which Other amounts receivable: +€755,214
Equity and liabilities
- Other debts +€822,139
up €822,139 (+112%), from €736,486 to €1.6m
- Debts after one year -€213,987
down €213,987 (-2.1%), from €10.4m to €10.2m
Income statement
- Staff costs +€414,327
up €414,327 (+876%), from €47,314 to €461,641
- Financial income -€96,027
down €96,027 (-57.8%), from €166,027 to €70,000
of which Non-recurring financial income: -€94,597
- Taxes -€64,676
down €64,676 (-55.9%), from €115,728 to €51,052
- Financial charges -€24,151
down €24,151 (-4.6%), from €520,954 to €496,803
- Gross operating margin -€18,095
down €18,095 (-1.8%), from €981,809 to €963,714
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.
Result 2024
€433,225
Gross operating margin
-€18,095
Staff costs
-€414,327
Depreciation
-€9,439
Other operating charges
+€267
Financial income
-€96,027
Financial charges
+€24,151
Taxes
+€64,676
Result 2025
-€15,569
raises the resultlowers the result
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.
From operations
+€397,011
Investment
-€15,360
Financing
-€381,004
Cash 2024
€41
From operations (derived)
+€397,011
Net result for the year
-€15,569
Depreciation
+€39,017
Receivables within one year
-€391,533
Deferred charges and accrued income
-€79
Trade debts
-€18,578
Tax, wage and social debts
-€97,583
Other debts
+€822,139
Accrued charges and deferred income
+€59,197
Investment (derived)
-€15,360
Investment in fixed assets (net)
-€15,360
Financing
-€381,004
Debts after one year
-€213,987
Current portion of long-term debt
-€123,223
Short-term financial debts
-€43,794
Cash 2025
€688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,096,514 | €17,465,116 | +€368,602 | +2.2% |
| Fixed assets | 21/28 | €14,792,816 | €14,769,159 | -€23,657 | -0.2% |
| Tangible fixed assets | 22/27 | €961,849 | €928,192 | -€33,657 | -3.5% |
| Land and buildings | 22 | €869,502 | €853,917 | -€15,585 | -1.8% |
| Furniture and vehicles | 24 | €92,347 | €74,275 | -€18,072 | -19.6% |
| Financial fixed assets | 28 | €13,830,967 | €13,840,967 | +€10,000 | +0.1% |
| Current assets | 29/58 | €2,303,698 | €2,695,957 | +€392,259 | +17.0% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,299,874 | €1,691,407 | +€391,533 | +30.1% |
| Trade receivables | 40 | €675,047 | €311,366 | -€363,681 | -53.9% |
| Other amounts receivable | 41 | €624,827 | €1,380,041 | +€755,214 | +121% |
| Cash at bank and in hand | 54/58 | €41 | €688 | +€647 | +1,578% |
| Deferred charges and accrued income | 490/1 | €3,783 | €3,862 | +€79 | +2.1% |
| Total equity and liabilities | 10/49 | €17,096,514 | €17,465,116 | +€368,602 | +2.2% |
| Equity | 10/15 | €5,099,438 | €5,083,869 | -€15,569 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,080,838 | €5,065,269 | -€15,569 | -0.3% |
| Non-distributable reserves | 130/1 | €175,800 | €175,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €175,800 | €175,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €244,180 | €244,180 | = | 0.0% |
| Distributable reserves | 133 | €4,660,858 | €4,645,289 | -€15,569 | -0.3% |
| Amounts payable | 17/49 | €11,997,076 | €12,381,247 | +€384,171 | +3.2% |
| Amounts payable after more than one year | 17 | €10,387,243 | €10,173,256 | -€213,987 | -2.1% |
| Financial debts | 170/4 | €10,387,243 | €10,173,256 | -€213,987 | -2.1% |
| Amounts payable within one year | 42/48 | €1,381,782 | €1,920,743 | +€538,961 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €337,211 | €213,988 | -€123,223 | -36.5% |
| Financial debts | 43 | €43,794 | - | -€43,794 | |
| Credit institutions | 430/8 | €43,794 | - | -€43,794 | |
| Trade debts | 44 | €22,768 | €4,190 | -€18,578 | -81.6% |
| Suppliers | 440/4 | €22,768 | €4,190 | -€18,578 | -81.6% |
| Taxes, remuneration and social security | 45 | €241,523 | €143,940 | -€97,583 | -40.4% |
| Taxes | 450/3 | €233,894 | €100,143 | -€133,751 | -57.2% |
| Remuneration and social security | 454/9 | €7,629 | €43,797 | +€36,168 | +474% |
| Other amounts payable | 47/48 | €736,486 | €1,558,625 | +€822,139 | +112% |
| Accrued charges and deferred income | 492/3 | €228,051 | €287,248 | +€59,197 | +26.0% |
| Remuneration, social security and pensions | 62 | €47,314 | €461,641 | +€414,327 | +876% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,578 | €39,017 | +€9,439 | +31.9% |
| Other operating charges | 640/8 | €1,037 | €770 | -€267 | -25.7% |
| Gross operating margin | 9900 | €981,809 | €963,714 | -€18,095 | -1.8% |
| Operating profit (loss) | 9901 | €903,880 | €462,286 | -€441,594 | -48.9% |
| Financial income | 75/76B | €166,027 | €70,000 | -€96,027 | -57.8% |
| Recurring financial income | 75 | €71,430 | €70,000 | -€1,430 | -2.0% |
| Non-recurring financial income | 76B | €94,597 | - | -€94,597 | |
| Financial charges | 65/66B | €520,954 | €496,803 | -€24,151 | -4.6% |
| Recurring financial charges | 65 | €520,954 | €496,803 | -€24,151 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €548,953 | €35,483 | -€513,470 | -93.5% |
| Income taxes | 67/77 | €115,728 | €51,052 | -€64,676 | -55.9% |
| Profit (loss) for the period | 9904 | €433,225 | -€15,569 | -€448,794 | |
| Transfer to tax-exempt reserves | 689 | €244,180 | - | -€244,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €189,045 | -€15,569 | -€204,614 |
Next steps
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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.