DIMITRI VANDERHEERE: 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.
DIMITRI VANDERHEERE
Largest movements
- Receivables within one year -€27,859
down €27,859 (-58.9%), from €47,277 to €19,418
of which Other amounts receivable: -€27,895
- Cash -€21,867
down €21,867 (-34.3%), from €63,790 to €41,923
mainly Other debts (-€43,790) and Trade debts (-€12,721)
- Tangible fixed assets +€5,201
up €5,201 (+77.7%), from €6,693 to €11,893
- Other debts -€43,790
down €43,790 (-97.3%), from €45,024 to €1,234
- Reserves +€16,611
up €16,611 (+135%), from €12,276 to €28,886
of which Distributable reserves: +€16,611
- Trade debts -€12,721
down €12,721 (-71.0%), from €17,919 to €5,198
- Current portion of long-term debt -€3,899
down €3,899 (-74.8%), from €5,212 to €1,312
- Debts after one year -€1,312
no longer reported in 2025 (was €1,312)
- Gross operating margin -€37,694
down €37,694 (-53.1%), from €70,944 to €33,250
- Taxes -€10,022
down €10,022 (-57.5%), from €17,417 to €7,395
- Financial charges +€1,052
up €1,052 (+385%), from €273 to €1,325
- Other operating charges -€814
down €814 (-28.1%), from €2,895 to €2,082
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 | €117,759 | €73,234 | -€44,525 | -37.8% |
| Fixed assets | 21/28 | €6,693 | €11,893 | +€5,201 | +77.7% |
| Tangible fixed assets | 22/27 | €6,693 | €11,893 | +€5,201 | +77.7% |
| Furniture and vehicles | 24 | €6,693 | €11,893 | +€5,201 | +77.7% |
| Current assets | 29/58 | €111,066 | €61,341 | -€49,726 | -44.8% |
| Amounts receivable within one year | 40/41 | €47,277 | €19,418 | -€27,859 | -58.9% |
| Trade receivables | 40 | €16,776 | €16,813 | +€36 | +0.2% |
| Other amounts receivable | 41 | €30,500 | €2,605 | -€27,895 | -91.5% |
| Cash at bank and in hand | 54/58 | €63,790 | €41,923 | -€21,867 | -34.3% |
| Total equity and liabilities | 10/49 | €117,759 | €73,234 | -€44,525 | -37.8% |
| Equity | 10/15 | €30,876 | €47,486 | +€16,611 | +53.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,276 | €28,886 | +€16,611 | +135% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,416 | €27,026 | +€16,611 | +159% |
| Amounts payable | 17/49 | €86,883 | €25,748 | -€61,136 | -70.4% |
| Amounts payable after more than one year | 17 | €1,312 | - | -€1,312 | |
| Financial debts | 170/4 | €1,312 | - | -€1,312 | |
| Amounts payable within one year | 42/48 | €85,571 | €25,748 | -€59,823 | -69.9% |
| Current portion of amounts payable after more than one year | 42 | €5,212 | €1,312 | -€3,899 | -74.8% |
| Trade debts | 44 | €17,919 | €5,198 | -€12,721 | -71.0% |
| Suppliers | 440/4 | €17,919 | €5,198 | -€12,721 | -71.0% |
| Taxes, remuneration and social security | 45 | €17,417 | €18,004 | +€587 | +3.4% |
| Taxes | 450/3 | €17,417 | €18,004 | +€587 | +3.4% |
| Other amounts payable | 47/48 | €45,024 | €1,234 | -€43,790 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,375 | €5,841 | +€466 | +8.7% |
| Other operating charges | 640/8 | €2,895 | €2,082 | -€814 | -28.1% |
| Gross operating margin | 9900 | €70,944 | €33,250 | -€37,694 | -53.1% |
| Operating profit (loss) | 9901 | €62,673 | €25,327 | -€37,346 | -59.6% |
| Financial income | 75/76B | €40 | €4 | -€37 | -91.3% |
| Recurring financial income | 75 | €40 | €4 | -€37 | -91.3% |
| Financial charges | 65/66B | €273 | €1,325 | +€1,052 | +385% |
| Recurring financial charges | 65 | €273 | €1,325 | +€1,052 | +385% |
| Profit (loss) for the period before taxes | 9903 | €62,440 | €24,006 | -€38,435 | -61.6% |
| Income taxes | 67/77 | €17,417 | €7,395 | -€10,022 | -57.5% |
| Profit (loss) for the period | 9904 | €45,024 | €16,611 | -€28,413 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,024 | €16,611 | -€28,413 | -63.1% |
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 19 October 2026 via checked.be.