Bjarne Vandervoort: 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.
Bjarne Vandervoort
Largest movements
- Cash -€10,358
down €10,358 (-21.8%), from €47,451 to €37,092
mainly Contributions, distributions and other (-€15,000) and Receivables within one year (-€9,243)
- Receivables within one year +€9,243
up €9,243 (+65.4%), from €14,140 to €23,384
of which Trade receivables: +€4,960
- Tangible fixed assets +€6,398
up €6,398 (+420.9%), from €1,520 to €7,918
of which Other tangible fixed assets: +€5,046
- Trade debts +€8,032
up €8,032 (+390.0%), from €2,060 to €10,092
- Tax, wage and social debts -€6,518
down €6,518 (-86.7%), from €7,518 to €1,000
- Profit (loss) carried forward +€3,790
up €3,790 (+7.7%), from €49,500 to €53,289
- Gross operating margin -€2,987
down €2,987 (-9.9%), from €30,015 to €27,029
- Depreciation +€999
up €999 (+118.0%), from €847 to €1,846
- Taxes -€654
down €654 (-10.0%), from €6,518 to €5,864
- Other operating charges +€392
up €392 (+277.8%), from €141 to €533
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 | €64,077 | €69,381 | +€5,304 | +8.3% |
| Fixed assets | 21/28 | €1,520 | €7,918 | +€6,398 | +420.9% |
| Tangible fixed assets | 22/27 | €1,520 | €7,918 | +€6,398 | +420.9% |
| Plant, machinery and equipment | 23 | - | €1,044 | +€1,044 | |
| Furniture and vehicles | 24 | €1,520 | €1,828 | +€308 | +20.2% |
| Other tangible fixed assets | 26 | - | €5,046 | +€5,046 | |
| Current assets | 29/58 | €62,557 | €61,463 | -€1,094 | -1.7% |
| Amounts receivable within one year | 40/41 | €14,140 | €23,384 | +€9,243 | +65.4% |
| Trade receivables | 40 | - | €4,960 | +€4,960 | |
| Other amounts receivable | 41 | €14,140 | €18,424 | +€4,284 | +30.3% |
| Cash at bank and in hand | 54/58 | €47,451 | €37,092 | -€10,358 | -21.8% |
| Deferred charges and accrued income | 490/1 | €966 | €987 | +€21 | +2.2% |
| Total equity and liabilities | 10/49 | €64,077 | €69,381 | +€5,304 | +8.3% |
| Equity | 10/15 | €54,500 | €58,289 | +€3,790 | +7.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,500 | €53,289 | +€3,790 | +7.7% |
| Amounts payable | 17/49 | €9,577 | €11,092 | +€1,514 | +15.8% |
| Amounts payable within one year | 42/48 | €9,577 | €11,092 | +€1,514 | +15.8% |
| Trade debts | 44 | €2,060 | €10,092 | +€8,032 | +390.0% |
| Suppliers | 440/4 | €2,060 | €10,092 | +€8,032 | +390.0% |
| Taxes, remuneration and social security | 45 | €7,518 | €1,000 | -€6,518 | -86.7% |
| Taxes | 450/3 | €7,518 | €1,000 | -€6,518 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €1,846 | +€999 | +118.0% |
| Other operating charges | 640/8 | €141 | €533 | +€392 | +277.8% |
| Gross operating margin | 9900 | €30,015 | €27,029 | -€2,987 | -9.9% |
| Operating profit (loss) | 9901 | €29,027 | €24,650 | -€4,378 | -15.1% |
| Financial income | 75/76B | €144 | €408 | +€264 | +184.0% |
| Recurring financial income | 75 | €144 | €408 | +€264 | +184.0% |
| Financial charges | 65/66B | €510 | €404 | -€106 | -20.8% |
| Recurring financial charges | 65 | €510 | €404 | -€106 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €28,661 | €24,654 | -€4,008 | -14.0% |
| Income taxes | 67/77 | €6,518 | €5,864 | -€654 | -10.0% |
| Profit (loss) for the period | 9904 | €22,143 | €18,790 | -€3,353 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,143 | €18,790 | -€3,353 | -15.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.