VANBREDA SERVICES: 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.
VANBREDA SERVICES
Largest movements
- Tangible fixed assets -€444,318
down €444,318 (-10.7%), from €4.2m to €3.7m
of which Assets under construction and advance payments: -€369,894
- Deferred charges and accrued income -€105,848
down €105,848 (-54.9%), from €192,782 to €86,934
- Receivables within one year -€93,940
down €93,940 (-33.5%), from €280,729 to €186,789
of which Trade receivables: -€67,653
- Other debts -€400,000
down €400,000 (-26.7%), from €1.5m to €1.1m
- Trade debts -€191,513
down €191,513 (-50.1%), from €381,908 to €190,394
- Gross operating margin +€80,565
up €80,565 (+3.4%), from €2.4m to €2.5m
- Depreciation -€51,192
down €51,192 (-7.2%), from €712,721 to €661,529
- Taxes +€37,344
up €37,344 (+10.6%), from €353,506 to €390,849
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 | €7,524,379 | €6,908,326 | -€616,053 | -8.2% |
| Fixed assets | 21/28 | €4,180,362 | €3,736,044 | -€444,318 | -10.6% |
| Tangible fixed assets | 22/27 | €4,170,245 | €3,725,927 | -€444,318 | -10.7% |
| Land and buildings | 22 | €2,858,782 | €2,893,935 | +€35,154 | +1.2% |
| Plant, machinery and equipment | 23 | €915,635 | €769,195 | -€146,440 | -16.0% |
| Furniture and vehicles | 24 | €25,934 | €62,797 | +€36,862 | +142% |
| Assets under construction and advance payments | 27 | €369,894 | - | -€369,894 | |
| Financial fixed assets | 28 | €10,117 | €10,117 | = | 0.0% |
| Current assets | 29/58 | €3,344,017 | €3,172,282 | -€171,735 | -5.1% |
| Amounts receivable within one year | 40/41 | €280,729 | €186,789 | -€93,940 | -33.5% |
| Trade receivables | 40 | €190,581 | €122,928 | -€67,653 | -35.5% |
| Other amounts receivable | 41 | €90,147 | €63,861 | -€26,286 | -29.2% |
| Cash at bank and in hand | 54/58 | €2,870,506 | €2,898,558 | +€28,052 | +1.0% |
| Deferred charges and accrued income | 490/1 | €192,782 | €86,934 | -€105,848 | -54.9% |
| Total equity and liabilities | 10/49 | €7,524,379 | €6,908,326 | -€616,053 | -8.2% |
| Equity | 10/15 | €5,543,192 | €5,586,948 | +€43,756 | +0.8% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €543,192 | €586,948 | +€43,756 | +8.1% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Legal reserve | 130 | €500,000 | €500,000 | = | 0.0% |
| Distributable reserves | 133 | €43,192 | €86,948 | +€43,756 | +101% |
| Amounts payable | 17/49 | €1,981,187 | €1,321,378 | -€659,809 | -33.3% |
| Amounts payable within one year | 42/48 | €1,915,830 | €1,304,454 | -€611,376 | -31.9% |
| Trade debts | 44 | €381,908 | €190,394 | -€191,513 | -50.1% |
| Suppliers | 440/4 | €381,908 | €190,394 | -€191,513 | -50.1% |
| Taxes, remuneration and social security | 45 | €33,922 | €14,059 | -€19,863 | -58.6% |
| Taxes | 450/3 | €21,099 | - | -€21,099 | |
| Remuneration and social security | 454/9 | €12,823 | €14,059 | +€1,237 | +9.6% |
| Other amounts payable | 47/48 | €1,500,000 | €1,100,000 | -€400,000 | -26.7% |
| Accrued charges and deferred income | 492/3 | €65,358 | €16,924 | -€48,433 | -74.1% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €95,589 | €108,004 | +€12,415 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712,721 | €661,529 | -€51,192 | -7.2% |
| Other operating charges | 640/8 | €220,227 | €223,115 | +€2,888 | +1.3% |
| Gross operating margin | 9900 | €2,391,470 | €2,472,035 | +€80,565 | +3.4% |
| Operating profit (loss) | 9901 | €1,362,934 | €1,479,388 | +€116,454 | +8.5% |
| Financial income | 75/76B | €46,601 | €58,473 | +€11,872 | +25.5% |
| Recurring financial income | 75 | €46,601 | €58,473 | +€11,872 | +25.5% |
| Financial charges | 65/66B | €4,504 | €3,256 | -€1,248 | -27.7% |
| Recurring financial charges | 65 | €4,504 | €3,256 | -€1,248 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €1,405,031 | €1,534,605 | +€129,574 | +9.2% |
| Income taxes | 67/77 | €353,506 | €390,849 | +€37,344 | +10.6% |
| Profit (loss) for the period | 9904 | €1,051,525 | €1,143,756 | +€92,231 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,051,525 | €1,143,756 | +€92,231 | +8.8% |
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 13 October 2026 via checked.be.