C.E.E. VANDERVORST: 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.
C.E.E. VANDERVORST
Largest movements
- Tangible fixed assets -€12,214
down €12,214 (-3.4%), from €361,177 to €348,963
- Profit (loss) carried forward -€25,869
down €25,869 (-61.0%), from -€42,443 to -€68,312
- Other debts +€15,545
up €15,545 (+13.3%), from €116,502 to €132,047
- Gross operating margin -€11,052
down €11,052 (-740%), from -€1,493 to -€12,545
- Other operating charges +€2,835
new in 2025: €2,835
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.
Derived cash bridge
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 | €386,296 | €374,110 | -€12,185 | -3.2% |
| Fixed assets | 21/28 | €386,177 | €373,963 | -€12,214 | -3.2% |
| Tangible fixed assets | 22/27 | €361,177 | €348,963 | -€12,214 | -3.4% |
| Land and buildings | 22 | €361,177 | €348,963 | -€12,214 | -3.4% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €119 | €147 | +€29 | +24.1% |
| Cash at bank and in hand | 54/58 | €119 | €147 | +€29 | +24.1% |
| Total equity and liabilities | 10/49 | €386,296 | €374,110 | -€12,185 | -3.2% |
| Equity | 10/15 | €203,587 | €176,228 | -€27,359 | -13.4% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €86,029 | €84,540 | -€1,489 | -1.7% |
| Non-distributable reserves | 130/1 | €2,923 | €2,923 | = | 0.0% |
| Legal reserve | 130 | €2,923 | €2,923 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,945 | €27,456 | -€1,489 | -5.1% |
| Distributable reserves | 133 | €54,161 | €54,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,443 | -€68,312 | -€25,869 | -61.0% |
| Provisions and deferred taxes | 16 | €10,056 | €9,684 | -€372 | -3.7% |
| Deferred taxes | 168 | €10,056 | €9,684 | -€372 | -3.7% |
| Amounts payable | 17/49 | €172,653 | €188,198 | +€15,545 | +9.0% |
| Amounts payable after more than one year | 17 | €56,151 | €56,151 | = | 0.0% |
| Other amounts payable | 178/9 | €56,151 | €56,151 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,502 | €132,047 | +€15,545 | +13.3% |
| Other amounts payable | 47/48 | €116,502 | €132,047 | +€15,545 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,214 | €12,214 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,835 | +€2,835 | |
| Gross operating margin | 9900 | -€1,493 | -€12,545 | -€11,052 | -740% |
| Operating profit (loss) | 9901 | -€13,707 | -€27,594 | -€13,887 | -101% |
| Financial charges | 65/66B | €70 | €137 | +€67 | +95.8% |
| Recurring financial charges | 65 | €70 | €137 | +€67 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,777 | -€27,731 | -€13,954 | -101% |
| Transfer from deferred taxes | 780 | €372 | €372 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,405 | -€27,359 | -€13,954 | -104% |
| Transfer from tax-exempt reserves | 789 | €1,489 | €1,489 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,916 | -€25,869 | -€13,954 | -117% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.