LIEN VANDERVELDE: 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.
LIEN VANDERVELDE
Largest movements
- Cash +€57,668
up €57,668 (+51.7%), from €111,504 to €169,172
mainly Other debts (+€148,360) and Net result for the year (+€52,959)
- Receivables within one year +€9,855
up €9,855 (+106%), from €9,268 to €19,123
of which Trade receivables: +€9,758
- Deferred charges and accrued income +€2,315
up €2,315 (+1,439%), from €161 to €2,476
- Other debts +€148,360
up €148,360 (+167,582%), from €89 to €148,449
- Profit (loss) carried forward -€106,807
down €106,807 (-98.7%), from €108,161 to €1,354
- Tax, wage and social debts +€27,980
up €27,980 (+326%), from €8,576 to €36,556
- Gross operating margin +€66,715
up €66,715 (+526%), from €12,686 to €79,401
- Taxes +€17,108
up €17,108 (+597%), from €2,865 to €19,974
- Financial charges +€2,901
up €2,901 (+1,321%), from €220 to €3,121
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 | €125,819 | €196,125 | +€70,306 | +55.9% |
| Fixed assets | 21/28 | €4,886 | €5,354 | +€468 | +9.6% |
| Tangible fixed assets | 22/27 | €4,886 | €5,354 | +€468 | +9.6% |
| Plant, machinery and equipment | 23 | €2,293 | €1,208 | -€1,085 | -47.3% |
| Furniture and vehicles | 24 | €0 | €2,253 | +€2,253 | |
| Other tangible fixed assets | 26 | €2,594 | €1,894 | -€700 | -27.0% |
| Current assets | 29/58 | €120,932 | €190,771 | +€69,838 | +57.7% |
| Amounts receivable within one year | 40/41 | €9,268 | €19,123 | +€9,855 | +106% |
| Trade receivables | 40 | €9,255 | €19,012 | +€9,758 | +105% |
| Other amounts receivable | 41 | €13 | €111 | +€97 | +729% |
| Cash at bank and in hand | 54/58 | €111,504 | €169,172 | +€57,668 | +51.7% |
| Deferred charges and accrued income | 490/1 | €161 | €2,476 | +€2,315 | +1,439% |
| Total equity and liabilities | 10/49 | €125,819 | €196,125 | +€70,306 | +55.9% |
| Equity | 10/15 | €112,161 | €5,354 | -€106,807 | -95.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,161 | €1,354 | -€106,807 | -98.7% |
| Amounts payable | 17/49 | €13,658 | €190,771 | +€177,113 | +1,297% |
| Amounts payable within one year | 42/48 | €13,658 | €190,771 | +€177,113 | +1,297% |
| Trade debts | 44 | €2,335 | €3,108 | +€773 | +33.1% |
| Suppliers | 440/4 | €2,335 | €3,108 | +€773 | +33.1% |
| Advances received on contracts in progress | 46 | €2,658 | €2,658 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,576 | €36,556 | +€27,980 | +326% |
| Taxes | 450/3 | €8,576 | €36,556 | +€27,980 | +326% |
| Other amounts payable | 47/48 | €89 | €148,449 | +€148,360 | +167,582% |
| Non-recurring operating income | 76A | - | €7,530 | +€7,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,404 | €1,878 | +€474 | +33.8% |
| Other operating charges | 640/8 | €699 | €1,470 | +€771 | +110% |
| Gross operating margin | 9900 | €12,686 | €79,401 | +€66,715 | +526% |
| Operating profit (loss) | 9901 | €10,584 | €76,054 | +€65,470 | +619% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €220 | €3,121 | +€2,901 | +1,321% |
| Recurring financial charges | 65 | €220 | €3,121 | +€2,901 | +1,321% |
| Profit (loss) for the period before taxes | 9903 | €10,364 | €72,933 | +€62,568 | +604% |
| Income taxes | 67/77 | €2,865 | €19,974 | +€17,108 | +597% |
| Profit (loss) for the period | 9904 | €7,499 | €52,959 | +€45,460 | +606% |
| Profit (loss) for the period to be appropriated | 9905 | €7,499 | €52,959 | +€45,460 | +606% |
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 20 October 2026 via checked.be.