VANAERDE CONSULTING: 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.
VANAERDE CONSULTING
Largest movements
- Cash -€563,979
down €563,979 (-60.2%), from €936,677 to €372,698
mainly Debts after one year (-€360,000) and Current investments (-€250,000)
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€35,929
down €35,929 (-5.2%), from €687,343 to €651,414
of which Land and buildings: -€20,597
- Debts after one year -€360,000
no longer reported in 2025 (was €360,000)
- Reserves +€157,067
up €157,067 (+14.7%), from €1.1m to €1.2m
of which Distributable reserves: +€157,067
- Other debts -€134,265
down €134,265 (-95.8%), from €140,178 to €5,913
- Tax, wage and social debts -€16,877
down €16,877 (-30.7%), from €54,941 to €38,064
- Gross operating margin +€77,123
up €77,123 (+40.2%), from €192,082 to €269,205
- Taxes +€20,403
up €20,403 (+37.3%), from €54,740 to €75,143
- Financial income -€7,314
down €7,314 (-33.5%), from €21,864 to €14,550
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 | €1,663,195 | €1,296,980 | -€366,215 | -22.0% |
| Fixed assets | 21/28 | €687,343 | €651,414 | -€35,929 | -5.2% |
| Tangible fixed assets | 22/27 | €687,343 | €651,414 | -€35,929 | -5.2% |
| Land and buildings | 22 | €596,031 | €575,434 | -€20,597 | -3.5% |
| Plant, machinery and equipment | 23 | €10,180 | €10,616 | +€436 | +4.3% |
| Furniture and vehicles | 24 | €81,132 | €65,364 | -€15,768 | -19.4% |
| Current assets | 29/58 | €975,852 | €645,566 | -€330,286 | -33.8% |
| Amounts receivable within one year | 40/41 | €39,038 | €22,719 | -€16,319 | -41.8% |
| Trade receivables | 40 | €17,125 | €47 | -€17,078 | -99.7% |
| Other amounts receivable | 41 | €21,913 | €22,672 | +€759 | +3.5% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €936,677 | €372,698 | -€563,979 | -60.2% |
| Deferred charges and accrued income | 490/1 | €137 | €149 | +€12 | +9.1% |
| Total equity and liabilities | 10/49 | €1,663,195 | €1,296,980 | -€366,215 | -22.0% |
| Equity | 10/15 | €1,089,966 | €1,247,032 | +€157,067 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,071,366 | €1,228,432 | +€157,067 | +14.7% |
| Tax-exempt reserves | 132 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €1,048,866 | €1,205,932 | +€157,067 | +15.0% |
| Amounts payable | 17/49 | €573,229 | €49,948 | -€523,282 | -91.3% |
| Amounts payable after more than one year | 17 | €360,000 | - | -€360,000 | |
| Financial debts | 170/4 | €360,000 | - | -€360,000 | |
| Amounts payable within one year | 42/48 | €212,729 | €49,448 | -€163,282 | -76.8% |
| Trade debts | 44 | €17,610 | €5,471 | -€12,139 | -68.9% |
| Suppliers | 440/4 | €17,610 | €5,471 | -€12,139 | -68.9% |
| Taxes, remuneration and social security | 45 | €54,941 | €38,064 | -€16,877 | -30.7% |
| Taxes | 450/3 | €54,941 | €38,064 | -€16,877 | -30.7% |
| Other amounts payable | 47/48 | €140,178 | €5,913 | -€134,265 | -95.8% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,200 | €43,324 | +€2,124 | +5.2% |
| Other operating charges | 640/8 | €5,395 | €7,404 | +€2,009 | +37.2% |
| Gross operating margin | 9900 | €192,082 | €269,205 | +€77,123 | +40.2% |
| Operating profit (loss) | 9901 | €145,487 | €218,477 | +€72,990 | +50.2% |
| Financial income | 75/76B | €21,864 | €14,550 | -€7,314 | -33.5% |
| Recurring financial income | 75 | €21,864 | €14,550 | -€7,314 | -33.5% |
| Financial charges | 65/66B | €290 | €817 | +€527 | +182% |
| Recurring financial charges | 65 | €290 | €817 | +€527 | +182% |
| Profit (loss) for the period before taxes | 9903 | €167,061 | €232,210 | +€65,149 | +39.0% |
| Income taxes | 67/77 | €54,740 | €75,143 | +€20,403 | +37.3% |
| Profit (loss) for the period | 9904 | €112,321 | €157,067 | +€44,746 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €112,321 | €157,067 | +€44,746 | +39.8% |
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 14 October 2026 via checked.be.