André Vanderschelden: what changed
Two fiscal 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.
André Vanderschelden
Largest movements
- Cash +€70,137
up €70,137 (+156.4%), from €44,844 to €114,981
mainly Net result for the year (+€90,082) and Tax, wage and social debts (+€18,533)
- Tangible fixed assets +€38,315
up €38,315 (+2831.2%), from €1,353 to €39,668
- Profit (loss) carried forward +€90,082
up €90,082 (+380.3%), from €23,687 to €113,769
- Tax, wage and social debts +€18,533
up €18,533 (+101.4%), from €18,278 to €36,811
- Gross operating margin +€89,182
up €89,182 (+279.5%), from €31,911 to €121,093
- Taxes +€18,463
up €18,463 (+296.1%), from €6,235 to €24,698
- Depreciation +€2,411
up €2,411 (+123.0%), from €1,959 to €4,370
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.
Cash bridge derived
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 | €47,362 | €156,903 | +€109,542 | +231.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,353 | €39,668 | +€38,315 | +2831.2% |
| Tangible fixed assets | 22/27 | €1,353 | €39,668 | +€38,315 | +2831.2% |
| Furniture and vehicles | 24 | €1,353 | €39,668 | +€38,315 | +2831.2% |
| Current assets | 29/58 | €46,008 | €117,235 | +€71,227 | +154.8% |
| Amounts receivable within one year | 40/41 | €442 | €713 | +€272 | +61.5% |
| Trade receivables | 40 | €272 | €713 | +€441 | +162.3% |
| Other amounts receivable | 41 | €170 | - | -€170 | |
| Cash at bank and in hand | 54/58 | €44,844 | €114,981 | +€70,137 | +156.4% |
| Deferred charges and accrued income | 490/1 | €723 | €1,541 | +€818 | +113.2% |
| Total equity and liabilities | 10/49 | €47,362 | €156,903 | +€109,542 | +231.3% |
| Equity | 10/15 | €28,687 | €118,769 | +€90,082 | +314.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,687 | €113,769 | +€90,082 | +380.3% |
| Amounts payable | 17/49 | €18,675 | €38,134 | +€19,460 | +104.2% |
| Amounts payable within one year | 42/48 | €18,675 | €38,134 | +€19,460 | +104.2% |
| Trade debts | 44 | €397 | €804 | +€408 | +102.7% |
| Suppliers | 440/4 | €397 | €804 | +€408 | +102.7% |
| Taxes, remuneration and social security | 45 | €18,278 | €36,811 | +€18,533 | +101.4% |
| Taxes | 450/3 | €18,278 | €36,811 | +€18,533 | +101.4% |
| Other amounts payable | 47/48 | - | €519 | +€519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,959 | €4,370 | +€2,411 | +123.0% |
| Other operating charges | 640/8 | - | €873 | +€873 | |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €31,911 | €121,093 | +€89,182 | +279.5% |
| Operating profit (loss) | 9901 | €29,952 | €115,787 | +€85,836 | +286.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €30 | €1,007 | +€977 | +3235.8% |
| Recurring financial charges | 65 | €30 | €1,007 | +€977 | +3235.8% |
| Profit (loss) for the period before taxes | 9903 | €29,922 | €114,780 | +€84,859 | +283.6% |
| Income taxes | 67/77 | €6,235 | €24,698 | +€18,463 | +296.1% |
| Profit (loss) for the period | 9904 | €23,687 | €90,082 | +€66,395 | +280.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,687 | €90,082 | +€66,395 | +280.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.