Paul Vanderhoeydong: 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.
Paul Vanderhoeydong
Largest movements
- Cash +€5,864
up €5,864 (+29.0%), from €20,220 to €26,084
mainly Net result for the year (+€11,813) and Receivables within one year (+€4,018)
- Receivables within one year -€4,018
down €4,018 (-20.9%), from €19,257 to €15,239
- Deferred charges and accrued income +€2,616
up €2,616 (+174%), from €1,505 to €4,121
- Reserves +€10,000
up €10,000 (+30.3%), from €33,000 to €43,000
- Trade debts -€5,972
down €5,972 (-85.5%), from €6,986 to €1,014
- Profit (loss) carried forward +€1,813
up €1,813 (+66.0%), from €2,748 to €4,561
- Tax, wage and social debts -€940
down €940 (-26.2%), from €3,591 to €2,651
of which Taxes: -€940
- Other debts -€814
down €814 (-45.9%), from €1,772 to €958
- Gross operating margin -€2,109
down €2,109 (-8.9%), from €23,595 to €21,486
- Financial charges -€473
down €473 (-23.4%), from €2,026 to €1,553
- Depreciation +€338
up €338 (+19.9%), from €1,703 to €2,041
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 | €49,097 | €53,184 | +€4,087 | +8.3% |
| Formation expenses | 20 | €1,418 | €1,008 | -€410 | -28.9% |
| Fixed assets | 21/28 | €6,697 | €6,732 | +€36 | +0.5% |
| Intangible fixed assets | 21 | €930 | €660 | -€270 | -29.0% |
| Tangible fixed assets | 22/27 | €5,767 | €6,072 | +€306 | +5.3% |
| Plant, machinery and equipment | 23 | €1,872 | €1,428 | -€444 | -23.7% |
| Furniture and vehicles | 24 | €3,895 | €4,645 | +€749 | +19.2% |
| Current assets | 29/58 | €40,982 | €45,444 | +€4,462 | +10.9% |
| Amounts receivable within one year | 40/41 | €19,257 | €15,239 | -€4,018 | -20.9% |
| Trade receivables | 40 | €19,257 | €15,239 | -€4,018 | -20.9% |
| Cash at bank and in hand | 54/58 | €20,220 | €26,084 | +€5,864 | +29.0% |
| Deferred charges and accrued income | 490/1 | €1,505 | €4,121 | +€2,616 | +174% |
| Total equity and liabilities | 10/49 | €49,097 | €53,184 | +€4,087 | +8.3% |
| Equity | 10/15 | €36,748 | €48,561 | +€11,813 | +32.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €43,000 | +€10,000 | +30.3% |
| Distributable reserves | 133 | €33,000 | €43,000 | +€10,000 | +30.3% |
| Profit (loss) carried forward | 14 | €2,748 | €4,561 | +€1,813 | +66.0% |
| Amounts payable | 17/49 | €12,349 | €4,623 | -€7,725 | -62.6% |
| Amounts payable within one year | 42/48 | €12,349 | €4,623 | -€7,725 | -62.6% |
| Trade debts | 44 | €6,986 | €1,014 | -€5,972 | -85.5% |
| Suppliers | 440/4 | €6,986 | €1,014 | -€5,972 | -85.5% |
| Taxes, remuneration and social security | 45 | €3,591 | €2,651 | -€940 | -26.2% |
| Taxes | 450/3 | €1,791 | €851 | -€940 | -52.5% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €1,772 | €958 | -€814 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €2,041 | +€338 | +19.9% |
| Other operating charges | 640/8 | €1,399 | €1,237 | -€162 | -11.6% |
| Gross operating margin | 9900 | €23,595 | €21,486 | -€2,109 | -8.9% |
| Operating profit (loss) | 9901 | €20,493 | €18,208 | -€2,285 | -11.2% |
| Financial income | 75/76B | €10 | €233 | +€223 | +2,164% |
| Recurring financial income | 75 | €10 | €233 | +€223 | +2,164% |
| Financial charges | 65/66B | €2,026 | €1,553 | -€473 | -23.4% |
| Recurring financial charges | 65 | €2,026 | €1,553 | -€473 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €18,477 | €16,888 | -€1,589 | -8.6% |
| Income taxes | 67/77 | €5,251 | €5,075 | -€175 | -3.3% |
| Profit (loss) for the period | 9904 | €13,227 | €11,813 | -€1,414 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,227 | €11,813 | -€1,414 | -10.7% |
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 28 October 2026 via checked.be.