VAARTDIJK: what changed
Two fiscal 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.
VAARTDIJK
Largest movements
- Tangible fixed assets +€150,000
up €150,000 (+24.1%), from €621,153 to €771,153
- Receivables within one year +€19,985
up €19,985 (+96.1%), from €20,804 to €40,789
of which Trade receivables: +€15,374
- Other debts +€199,122
up €199,122 (+162.5%), from €122,571 to €321,693
- Reserves -€28,346
down €28,346 (-5.5%), from €515,689 to €487,342
- Depreciation +€21,477
new in 2025: €21,477
- Gross operating margin +€14,855
up €14,855 (+73.7%), from -€20,150 to -€5,294
- Other operating charges +€368
up €368 (+42.4%), from €867 to €1,235
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.
Cash bridge derived
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 | €642,596 | €812,015 | +€169,419 | +26.4% |
| Fixed assets | 21/28 | €621,153 | €771,153 | +€150,000 | +24.1% |
| Tangible fixed assets | 22/27 | €621,153 | €771,153 | +€150,000 | +24.1% |
| Land and buildings | 22 | €621,153 | €771,153 | +€150,000 | +24.1% |
| Current assets | 29/58 | €21,443 | €40,861 | +€19,419 | +90.6% |
| Amounts receivable within one year | 40/41 | €20,804 | €40,789 | +€19,985 | +96.1% |
| Trade receivables | 40 | - | €15,374 | +€15,374 | |
| Other amounts receivable | 41 | €20,804 | €25,415 | +€4,611 | +22.2% |
| Cash at bank and in hand | 54/58 | €639 | €73 | -€566 | -88.6% |
| Total equity and liabilities | 10/49 | €642,596 | €812,015 | +€169,419 | +26.4% |
| Equity | 10/15 | €518,668 | €490,322 | -€28,346 | -5.5% |
| Contributions | 10/11 | €2,979 | €2,979 | = | 0.0% |
| Reserves | 13 | €515,689 | €487,342 | -€28,346 | -5.5% |
| Distributable reserves | 133 | €515,689 | €487,342 | -€28,346 | -5.5% |
| Amounts payable | 17/49 | €123,928 | €321,693 | +€197,765 | +159.6% |
| Amounts payable within one year | 42/48 | €123,928 | €321,693 | +€197,765 | +159.6% |
| Trade debts | 44 | €1,357 | €0 | -€1,357 | -100.0% |
| Suppliers | 440/4 | €1,357 | €0 | -€1,357 | -100.0% |
| Other amounts payable | 47/48 | €122,571 | €321,693 | +€199,122 | +162.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,477 | +€21,477 | |
| Other operating charges | 640/8 | €867 | €1,235 | +€368 | +42.4% |
| Gross operating margin | 9900 | -€20,150 | -€5,294 | +€14,855 | +73.7% |
| Operating profit (loss) | 9901 | -€21,017 | -€28,007 | -€6,990 | -33.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €281 | €340 | +€59 | +21.0% |
| Recurring financial charges | 65 | €281 | €340 | +€59 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,298 | -€28,346 | -€7,049 | -33.1% |
| Profit (loss) for the period | 9904 | -€21,298 | -€28,346 | -€7,049 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,298 | -€28,346 | -€7,049 | -33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.