V.VANDERHEYDEN: 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.
V.VANDERHEYDEN
Largest movements
- Receivables within one year +€279,673
up €279,673 (+170%), from €164,127 to €443,800
of which Other amounts receivable: +€279,673
- Deferred charges and accrued income +€20,399
up €20,399 (+665%), from €3,067 to €23,465
- Cash +€5,513
up €5,513 (+19.8%), from €27,846 to €33,359
mainly Net result for the year (+€358,199) and Other debts (+€305,591)
- Other debts +€305,591
up €305,591 (+581%), from €52,608 to €358,199
- Gross operating margin +€390,253
up €390,253 (+637%), from €61,233 to €451,486
- Taxes +€100,023
up €100,023 (+768%), from €13,019 to €113,043
- Financial income +€15,419
up €15,419 (+310%), from €4,980 to €20,399
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 | €195,039 | €500,624 | +€305,585 | +157% |
| Current assets | 29/58 | €195,039 | €500,624 | +€305,585 | +157% |
| Amounts receivable within one year | 40/41 | €164,127 | €443,800 | +€279,673 | +170% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €164,127 | €443,800 | +€279,673 | +170% |
| Cash at bank and in hand | 54/58 | €27,846 | €33,359 | +€5,513 | +19.8% |
| Deferred charges and accrued income | 490/1 | €3,067 | €23,465 | +€20,399 | +665% |
| Total equity and liabilities | 10/49 | €195,039 | €500,624 | +€305,585 | +157% |
| Equity | 10/15 | €142,250 | €142,250 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €137,250 | €137,250 | = | 0.0% |
| Distributable reserves | 133 | €137,250 | €137,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,789 | €358,373 | +€305,585 | +579% |
| Amounts payable within one year | 42/48 | €52,789 | €358,373 | +€305,585 | +579% |
| Trade debts | 44 | €181 | €174 | -€7 | -3.8% |
| Suppliers | 440/4 | €181 | €174 | -€7 | -3.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,608 | €358,199 | +€305,591 | +581% |
| Other operating charges | 640/8 | €528 | €587 | +€58 | +11.0% |
| Gross operating margin | 9900 | €61,233 | €451,486 | +€390,253 | +637% |
| Operating profit (loss) | 9901 | €60,705 | €450,900 | +€390,195 | +643% |
| Financial income | 75/76B | €4,980 | €20,399 | +€15,419 | +310% |
| Recurring financial income | 75 | €4,980 | €20,399 | +€15,419 | +310% |
| Financial charges | 65/66B | €57 | €57 | -€1 | -1.7% |
| Recurring financial charges | 65 | €57 | €57 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €65,627 | €471,242 | +€405,615 | +618% |
| Income taxes | 67/77 | €13,019 | €113,043 | +€100,023 | +768% |
| Profit (loss) for the period | 9904 | €52,608 | €358,199 | +€305,591 | +581% |
| Profit (loss) for the period to be appropriated | 9905 | €52,608 | €358,199 | +€305,591 | +581% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.