STUDIO VANDERLINDEN: 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.
STUDIO VANDERLINDEN
Largest movements
- Cash +€35,668
up €35,668 (+41.0%), from €86,913 to €122,581
mainly Net result for the year (+€18,481) and Other debts (+€5,622)
- Receivables within one year -€3,908
down €3,908 (-56.6%), from €6,900 to €2,992
of which Trade receivables: -€6,900
- Tangible fixed assets -€2,013
down €2,013 (-27.8%), from €7,246 to €5,233
- Deferred charges and accrued income -€1,759
down €1,759 (-82.3%), from €2,138 to €379
- Reserves +€18,481
up €18,481 (+31.6%), from €58,541 to €77,022
- Other debts +€5,622
up €5,622 (+48.1%), from €11,691 to €17,313
- Trade debts +€2,093
up €2,093 (+36.0%), from €5,815 to €7,907
- Gross operating margin -€43,988
down €43,988 (-61.6%), from €71,390 to €27,402
- Taxes -€9,494
down €9,494 (-67.1%), from €14,159 to €4,665
- Financial charges +€1,077
up €1,077 (+101%), from €1,067 to €2,144
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 | €103,198 | €131,185 | +€27,987 | +27.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,246 | €5,233 | -€2,013 | -27.8% |
| Tangible fixed assets | 22/27 | €7,246 | €5,233 | -€2,013 | -27.8% |
| Furniture and vehicles | 24 | €7,246 | €5,233 | -€2,013 | -27.8% |
| Current assets | 29/58 | €95,951 | €125,952 | +€30,000 | +31.3% |
| Amounts receivable within one year | 40/41 | €6,900 | €2,992 | -€3,908 | -56.6% |
| Trade receivables | 40 | €6,900 | €0 | -€6,900 | -100% |
| Other amounts receivable | 41 | - | €2,992 | +€2,992 | |
| Cash at bank and in hand | 54/58 | €86,913 | €122,581 | +€35,668 | +41.0% |
| Deferred charges and accrued income | 490/1 | €2,138 | €379 | -€1,759 | -82.3% |
| Total equity and liabilities | 10/49 | €103,198 | €131,185 | +€27,987 | +27.1% |
| Equity | 10/15 | €62,541 | €81,022 | +€18,481 | +29.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €58,541 | €77,022 | +€18,481 | +31.6% |
| Distributable reserves | 133 | €58,541 | €77,022 | +€18,481 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,657 | €50,163 | +€9,506 | +23.4% |
| Amounts payable within one year | 42/48 | €39,960 | €48,649 | +€8,689 | +21.7% |
| Financial debts | 43 | - | €444 | +€444 | |
| Credit institutions | 430/8 | - | €444 | +€444 | |
| Trade debts | 44 | €5,815 | €7,907 | +€2,093 | +36.0% |
| Suppliers | 440/4 | €5,815 | €7,907 | +€2,093 | +36.0% |
| Advances received on contracts in progress | 46 | €484 | €0 | -€484 | -100% |
| Taxes, remuneration and social security | 45 | €21,971 | €22,984 | +€1,014 | +4.6% |
| Taxes | 450/3 | €21,971 | €22,984 | +€1,014 | +4.6% |
| Other amounts payable | 47/48 | €11,691 | €17,313 | +€5,622 | +48.1% |
| Accrued charges and deferred income | 492/3 | €697 | €1,514 | +€817 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,871 | €2,013 | +€143 | +7.6% |
| Other operating charges | 640/8 | €387 | €144 | -€243 | -62.8% |
| Gross operating margin | 9900 | €71,390 | €27,402 | -€43,988 | -61.6% |
| Operating profit (loss) | 9901 | €69,132 | €25,245 | -€43,887 | -63.5% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €1,067 | €2,144 | +€1,077 | +101% |
| Recurring financial charges | 65 | €1,067 | €2,144 | +€1,077 | +101% |
| Profit (loss) for the period before taxes | 9903 | €68,065 | €23,146 | -€44,919 | -66.0% |
| Income taxes | 67/77 | €14,159 | €4,665 | -€9,494 | -67.1% |
| Profit (loss) for the period | 9904 | €53,906 | €18,481 | -€35,424 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,906 | €18,481 | -€35,424 | -65.7% |
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 17 October 2026 via checked.be.