DR VANDERHEEREN PHILIPPE: what changed
DR VANDERHEEREN PHILIPPE
Largest movements
- Cash +€55,037
up €55,037 (+22.3%), from €247,189 to €302,227
mainly Net result for the year (+€107,027) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets +€39,024
up €39,024 (+118%), from €33,059 to €72,083
of which Furniture and vehicles: +€46,324
- Intangible fixed assets -€25,500
down €25,500 (-19.5%), from €130,496 to €104,996
- Receivables within one year -€6,334
down €6,334 (-7.5%), from €84,781 to €78,447
of which Trade receivables: -€16,827
- Other debts +€37,905
up €37,905 (+48.0%), from €78,930 to €116,835
- Debts after one year -€15,500
down €15,500 (-17.3%), from €89,500 to €74,000
of which Other amounts payable: -€15,500
- Current portion of long-term debt -€10,360
down €10,360 (-100%), from €10,360 to €0
- Trade debts +€6,431
up €6,431 (+1,216%), from €529 to €6,960
- Gross operating margin +€24,637
up €24,637 (+15.1%), from €162,895 to €187,533
- Taxes -€2,155
down €2,155 (-6.7%), from €32,157 to €30,003
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,709 | €564,072 | +€18,362 | +3.4% |
| Fixed assets | 21/28 | €163,655 | €177,179 | +€13,524 | +8.3% |
| Intangible fixed assets | 21 | €130,496 | €104,996 | -€25,500 | -19.5% |
| Tangible fixed assets | 22/27 | €33,059 | €72,083 | +€39,024 | +118% |
| Furniture and vehicles | 24 | €14,305 | €60,629 | +€46,324 | +324% |
| Other tangible fixed assets | 26 | €18,754 | €11,454 | -€7,300 | -38.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €382,054 | €386,893 | +€4,838 | +1.3% |
| Amounts receivable within one year | 40/41 | €84,781 | €78,447 | -€6,334 | -7.5% |
| Trade receivables | 40 | €75,949 | €59,122 | -€16,827 | -22.2% |
| Other amounts receivable | 41 | €8,833 | €19,325 | +€10,492 | +119% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €247,189 | €302,227 | +€55,037 | +22.3% |
| Deferred charges and accrued income | 490/1 | €84 | €6,219 | +€6,135 | +7,334% |
| Total equity and liabilities | 10/49 | €545,709 | €564,072 | +€18,362 | +3.4% |
| Equity | 10/15 | €351,682 | €351,682 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €346,682 | €346,682 | = | 0.0% |
| Distributable reserves | 133 | €346,682 | €346,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €194,028 | €212,390 | +€18,362 | +9.5% |
| Amounts payable after more than one year | 17 | €89,500 | €74,000 | -€15,500 | -17.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €89,500 | €74,000 | -€15,500 | -17.3% |
| Amounts payable within one year | 42/48 | €96,916 | €130,454 | +€33,538 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €10,360 | €0 | -€10,360 | -100% |
| Trade debts | 44 | €529 | €6,960 | +€6,431 | +1,216% |
| Suppliers | 440/4 | €529 | €6,960 | +€6,431 | +1,216% |
| Taxes, remuneration and social security | 45 | €7,097 | €6,659 | -€438 | -6.2% |
| Taxes | 450/3 | €7,097 | €6,659 | -€438 | -6.2% |
| Other amounts payable | 47/48 | €78,930 | €116,835 | +€37,905 | +48.0% |
| Accrued charges and deferred income | 492/3 | €7,612 | €7,936 | +€324 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,036 | €44,976 | +€940 | +2.1% |
| Other operating charges | 640/8 | €613 | €626 | +€13 | +2.1% |
| Gross operating margin | 9900 | €162,895 | €187,533 | +€24,637 | +15.1% |
| Operating profit (loss) | 9901 | €118,246 | €141,930 | +€23,684 | +20.0% |
| Financial income | 75/76B | €3,300 | €1,650 | -€1,650 | -50.0% |
| Recurring financial income | 75 | €3,300 | €1,650 | -€1,650 | -50.0% |
| Financial charges | 65/66B | €7,942 | €6,551 | -€1,392 | -17.5% |
| Recurring financial charges | 65 | €7,942 | €6,551 | -€1,392 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €113,604 | €137,030 | +€23,426 | +20.6% |
| Income taxes | 67/77 | €32,157 | €30,003 | -€2,155 | -6.7% |
| Profit (loss) for the period | 9904 | €81,446 | €107,027 | +€25,581 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,446 | €107,027 | +€25,581 | +31.4% |
Next steps
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 7 November 2026 via checked.be.