M. VANDENBERK: 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.
M. VANDENBERK
Largest movements
- Current investments +€82,067
up €82,067 (+455%), from €18,049 to €100,116
- Deferred charges and accrued income -€33,510
down €33,510 (-87.9%), from €38,121 to €4,610
- Tangible fixed assets -€12,559
down €12,559 (-26.8%), from €46,850 to €34,291
of which Furniture and vehicles: -€12,159
- Reserves +€64,847
up €64,847 (+54.4%), from €119,300 to €184,147
- Tax, wage and social debts -€15,951
down €15,951 (-48.6%), from €32,833 to €16,882
- Debts after one year -€13,790
down €13,790 (-41.8%), from €32,954 to €19,165
- Gross operating margin -€32,227
down €32,227 (-25.3%), from €127,468 to €95,241
- Taxes -€15,943
down €15,943 (-48.5%), from €32,854 to €16,911
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,232 | €243,393 | +€36,161 | +17.4% |
| Fixed assets | 21/28 | €46,850 | €34,291 | -€12,559 | -26.8% |
| Tangible fixed assets | 22/27 | €46,850 | €34,291 | -€12,559 | -26.8% |
| Plant, machinery and equipment | 23 | €400 | €0 | -€400 | -100% |
| Furniture and vehicles | 24 | €46,450 | €34,291 | -€12,159 | -26.2% |
| Current assets | 29/58 | €160,382 | €209,102 | +€48,720 | +30.4% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €18,049 | €100,116 | +€82,067 | +455% |
| Cash at bank and in hand | 54/58 | €104,212 | €104,375 | +€163 | +0.2% |
| Deferred charges and accrued income | 490/1 | €38,121 | €4,610 | -€33,510 | -87.9% |
| Total equity and liabilities | 10/49 | €207,232 | €243,393 | +€36,161 | +17.4% |
| Equity | 10/15 | €124,300 | €189,147 | +€64,847 | +52.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,300 | €184,147 | +€64,847 | +54.4% |
| Distributable reserves | 133 | €119,300 | €184,147 | +€64,847 | +54.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,932 | €54,245 | -€28,686 | -34.6% |
| Amounts payable after more than one year | 17 | €32,954 | €19,165 | -€13,790 | -41.8% |
| Financial debts | 170/4 | €32,954 | €19,165 | -€13,790 | -41.8% |
| Amounts payable within one year | 42/48 | €49,978 | €35,081 | -€14,897 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €4,916 | €5,040 | +€124 | +2.5% |
| Trade debts | 44 | €55 | €46 | -€8 | -15.0% |
| Suppliers | 440/4 | €55 | €46 | -€8 | -15.0% |
| Taxes, remuneration and social security | 45 | €32,833 | €16,882 | -€15,951 | -48.6% |
| Taxes | 450/3 | €32,833 | €16,882 | -€15,951 | -48.6% |
| Other amounts payable | 47/48 | €12,174 | €13,113 | +€939 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,893 | €12,559 | +€666 | +5.6% |
| Other operating charges | 640/8 | €208 | €703 | +€495 | +238% |
| Gross operating margin | 9900 | €127,468 | €95,241 | -€32,227 | -25.3% |
| Operating profit (loss) | 9901 | €115,367 | €81,979 | -€33,387 | -28.9% |
| Financial income | 75/76B | €77 | €135 | +€58 | +74.9% |
| Recurring financial income | 75 | €77 | €135 | +€58 | +74.9% |
| Financial charges | 65/66B | €476 | €357 | -€120 | -25.2% |
| Recurring financial charges | 65 | €476 | €357 | -€120 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €114,968 | €81,758 | -€33,210 | -28.9% |
| Income taxes | 67/77 | €32,854 | €16,911 | -€15,943 | -48.5% |
| Profit (loss) for the period | 9904 | €82,114 | €64,847 | -€17,267 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,114 | €64,847 | -€17,267 | -21.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.