HUGUES VANDERBECQ: 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.
HUGUES VANDERBECQ
Largest movements
- Cash +€124,121
up €124,121 (+149%), from €83,150 to €207,271
mainly Net result for the year (+€112,458) and Depreciation (+€21,423)
- Tangible fixed assets -€21,423
down €21,423 (-28.7%), from €74,566 to €53,143
- Receivables within one year +€6,898
up €6,898 (+9.7%), from €71,238 to €78,136
of which Other amounts receivable: +€6,898
- Reserves +€112,458
up €112,458 (+62.7%), from €179,344 to €291,802
- Debts after one year -€20,040
down €20,040 (-40.5%), from €49,531 to €29,491
- Tax, wage and social debts +€16,882
up €16,882 (+178%), from €9,493 to €26,375
of which Remuneration and social security: +€9,669
- Depreciation +€10,670
up €10,670 (+99.2%), from €10,753 to €21,423
- Purchases and services +€7,777
up €7,777 (+3.5%), from €224,092 to €231,869
- Financial income +€5,367
up €5,367 (+107,346%), from €5 to €5,372
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 | €298,743 | €408,442 | +€109,699 | +36.7% |
| Fixed assets | 21/28 | €143,176 | €121,753 | -€21,423 | -15.0% |
| Tangible fixed assets | 22/27 | €74,566 | €53,143 | -€21,423 | -28.7% |
| Furniture and vehicles | 24 | €74,566 | €53,143 | -€21,423 | -28.7% |
| Financial fixed assets | 28 | €68,610 | €68,610 | = | 0.0% |
| Current assets | 29/58 | €155,567 | €286,689 | +€131,122 | +84.3% |
| Amounts receivable within one year | 40/41 | €71,238 | €78,136 | +€6,898 | +9.7% |
| Trade receivables | 40 | €32,500 | €32,500 | = | 0.0% |
| Other amounts receivable | 41 | €38,738 | €45,636 | +€6,898 | +17.8% |
| Cash at bank and in hand | 54/58 | €83,150 | €207,271 | +€124,121 | +149% |
| Deferred charges and accrued income | 490/1 | €1,179 | €1,281 | +€102 | +8.7% |
| Total equity and liabilities | 10/49 | €298,743 | €408,442 | +€109,699 | +36.7% |
| Equity | 10/15 | €184,344 | €296,802 | +€112,458 | +61.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €179,344 | €291,802 | +€112,458 | +62.7% |
| Distributable reserves | 133 | €179,344 | €291,802 | +€112,458 | +62.7% |
| Amounts payable | 17/49 | €114,399 | €111,640 | -€2,759 | -2.4% |
| Amounts payable after more than one year | 17 | €49,531 | €29,491 | -€20,040 | -40.5% |
| Financial debts | 170/4 | €49,531 | €29,491 | -€20,040 | -40.5% |
| Amounts payable within one year | 42/48 | €64,868 | €82,084 | +€17,216 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €37,167 | €38,979 | +€1,812 | +4.9% |
| Trade debts | 44 | €15,271 | €15,310 | +€39 | +0.3% |
| Suppliers | 440/4 | €15,271 | €15,310 | +€39 | +0.3% |
| Taxes, remuneration and social security | 45 | €9,493 | €26,375 | +€16,882 | +178% |
| Taxes | 450/3 | - | €7,213 | +€7,213 | |
| Remuneration and social security | 454/9 | €9,493 | €19,162 | +€9,669 | +102% |
| Other amounts payable | 47/48 | €2,937 | €1,420 | -€1,517 | -51.7% |
| Accrued charges and deferred income | 492/3 | - | €65 | +€65 | |
| Turnover | 70 | €391,931 | €390,000 | -€1,931 | -0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €224,092 | €231,869 | +€7,777 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,753 | €21,423 | +€10,670 | +99.2% |
| Other operating charges | 640/8 | €106 | €508 | +€402 | +379% |
| Gross operating margin | 9900 | €167,839 | €164,273 | -€3,566 | -2.1% |
| Operating profit (loss) | 9901 | €156,980 | €142,343 | -€14,637 | -9.3% |
| Financial income | 75/76B | €5 | €5,372 | +€5,367 | +107,346% |
| Recurring financial income | 75 | €5 | €5,372 | +€5,367 | +107,346% |
| Financial charges | 65/66B | €2,766 | €3,203 | +€437 | +15.8% |
| Recurring financial charges | 65 | €2,766 | €3,203 | +€437 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €154,219 | €144,512 | -€9,707 | -6.3% |
| Income taxes | 67/77 | €28,803 | €32,055 | +€3,252 | +11.3% |
| Profit (loss) for the period | 9904 | €125,416 | €112,458 | -€12,958 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €125,416 | €112,458 | -€12,958 | -10.3% |
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 23 October 2026 via checked.be.