Van Inderdael Projects: 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.
Van Inderdael Projects
Largest movements
- Tangible fixed assets +€46,269
up €46,269 (+509.4%), from €9,083 to €55,353
of which Leasing and similar rights: +€48,641
- Stocks and contracts -€18,293
down €18,293 (-100.0%), from €18,293 to €0
- Cash +€9,725
up €9,725 (+16.1%), from €60,583 to €70,308
mainly Debts after one year (+€33,073) and Stocks and contracts (+€18,293)
- Receivables within one year +€7,812
up €7,812 (+28.9%), from €26,989 to €34,801
of which Trade receivables: +€8,699
- Debts after one year +€33,073
new in 2025: €33,073
- Contributions -€18,600
down €18,600 (-100.0%), from €18,600 to €0
- Other debts +€15,937
up €15,937 (+37.5%), from €42,512 to €58,450
- Current portion of long-term debt +€9,846
new in 2025: €9,846
- Trade debts +€4,834
up €4,834 (+23.5%), from €20,544 to €25,378
- Staff costs -€12,842
down €12,842 (-100.0%), from €12,842 to €0
- Depreciation +€12,298
up €12,298 (+473.7%), from €2,596 to €14,895
- Gross operating margin +€5,713
up €5,713 (+25.6%), from €22,351 to €28,064
- Financial charges +€3,627
up €3,627 (+98.4%), from €3,685 to €7,312
- Other operating charges +€788
up €788 (+43.7%), from €1,801 to €2,589
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 | €115,655 | €162,264 | +€46,608 | +40.3% |
| Fixed assets | 21/28 | €9,083 | €55,353 | +€46,269 | +509.4% |
| Tangible fixed assets | 22/27 | €9,083 | €55,353 | +€46,269 | +509.4% |
| Plant, machinery and equipment | 23 | €2,263 | €1,527 | -€736 | -32.5% |
| Furniture and vehicles | 24 | €6,821 | €5,185 | -€1,636 | -24.0% |
| Leasing and similar rights | 25 | - | €48,641 | +€48,641 | |
| Current assets | 29/58 | €106,572 | €106,911 | +€339 | +0.3% |
| Stocks and contracts in progress | 3 | €18,293 | €0 | -€18,293 | -100.0% |
| Contracts in progress | 37 | €18,293 | €0 | -€18,293 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,989 | €34,801 | +€7,812 | +28.9% |
| Trade receivables | 40 | €22,331 | €31,030 | +€8,699 | +39.0% |
| Other amounts receivable | 41 | €4,658 | €3,771 | -€887 | -19.0% |
| Cash at bank and in hand | 54/58 | €60,583 | €70,308 | +€9,725 | +16.1% |
| Deferred charges and accrued income | 490/1 | €706 | €1,802 | +€1,096 | +155.2% |
| Total equity and liabilities | 10/49 | €115,655 | €162,264 | +€46,608 | +40.3% |
| Equity | 10/15 | €21,027 | €1,645 | -€19,383 | -92.2% |
| Contributions | 10/11 | €18,600 | €0 | -€18,600 | -100.0% |
| Reserves | 13 | €2,427 | €1,645 | -€783 | -32.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,427 | €1,645 | -€783 | -32.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,628 | €160,619 | +€65,991 | +69.7% |
| Amounts payable after more than one year | 17 | - | €33,073 | +€33,073 | |
| Financial debts | 170/4 | - | €33,073 | +€33,073 | |
| Amounts payable within one year | 42/48 | €94,240 | €127,146 | +€32,906 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,846 | +€9,846 | |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €20,544 | €25,378 | +€4,834 | +23.5% |
| Suppliers | 440/4 | €20,544 | €25,378 | +€4,834 | +23.5% |
| Taxes, remuneration and social security | 45 | €1,184 | €3,473 | +€2,289 | +193.2% |
| Taxes | 450/3 | €1,184 | €3,473 | +€2,289 | +193.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €42,512 | €58,450 | +€15,937 | +37.5% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €18,243 | €5,238 | -€13,005 | -71.3% |
| Remuneration, social security and pensions | 62 | €12,842 | €0 | -€12,842 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,596 | €14,895 | +€12,298 | +473.7% |
| Other operating charges | 640/8 | €1,801 | €2,589 | +€788 | +43.7% |
| Non-recurring operating charges | 66A | €344 | €0 | -€344 | -100.0% |
| Gross operating margin | 9900 | €22,351 | €28,064 | +€5,713 | +25.6% |
| Operating profit (loss) | 9901 | €4,768 | €10,581 | +€5,813 | +121.9% |
| Financial income | 75/76B | €253 | €41 | -€212 | -83.7% |
| Recurring financial income | 75 | €253 | €41 | -€212 | -83.7% |
| Financial charges | 65/66B | €3,685 | €7,312 | +€3,627 | +98.4% |
| Recurring financial charges | 65 | €3,685 | €7,312 | +€3,627 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €1,336 | €3,311 | +€1,974 | +147.8% |
| Income taxes | 67/77 | €968 | €1,666 | +€698 | +72.2% |
| Profit (loss) for the period | 9904 | €369 | €1,645 | +€1,276 | +346.2% |
| Profit (loss) for the period to be appropriated | 9905 | €369 | €1,645 | +€1,276 | +346.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.