Vanbreda Windey: 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 Windey
Largest movements
- Cash +€245,732
up €245,732 (+5,376%), from €4,571 to €250,303
mainly Receivables within one year (+€213,112) and Depreciation (+€201,791)
- Receivables within one year -€213,112
down €213,112 (-25.2%), from €844,938 to €631,826
of which Other amounts receivable: -€161,356
- Intangible fixed assets -€148,000
down €148,000 (-15.1%), from €977,005 to €829,005
- Deferred charges and accrued income +€73,797
up €73,797 (+163%), from €45,279 to €119,076
- Tangible fixed assets -€50,067
down €50,067 (-19.8%), from €253,225 to €203,158
of which Furniture and vehicles: -€48,508
- Trade debts -€69,477
down €69,477 (-64.1%), from €108,364 to €38,887
- Profit (loss) carried forward +€50,327
up €50,327 (+18.8%), from €267,412 to €317,739
- Other debts -€45,692
down €45,692 (-8.3%), from €553,542 to €507,849
- Debts after one year -€43,553
down €43,553 (-10.1%), from €430,182 to €386,629
- Gross operating margin -€131,326
down €131,326 (-11.8%), from €1.1m to €980,199
- Taxes -€44,313
down €44,313 (-62.5%), from €70,881 to €26,568
- Staff costs +€31,608
up €31,608 (+5.1%), from €620,266 to €651,874
- Financial charges -€12,693
down €12,693 (-32.6%), from €38,975 to €26,283
of which Financial charges: -€24,993
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 | €2,149,617 | €2,033,368 | -€116,249 | -5.4% |
| Fixed assets | 21/28 | €1,254,830 | €1,032,163 | -€222,667 | -17.7% |
| Intangible fixed assets | 21 | €977,005 | €829,005 | -€148,000 | -15.1% |
| Tangible fixed assets | 22/27 | €253,225 | €203,158 | -€50,067 | -19.8% |
| Plant, machinery and equipment | 23 | €1,559 | - | -€1,559 | |
| Furniture and vehicles | 24 | €251,666 | €203,158 | -€48,508 | -19.3% |
| Financial fixed assets | 28 | €24,600 | - | -€24,600 | |
| Current assets | 29/58 | €894,788 | €1,001,205 | +€106,418 | +11.9% |
| Amounts receivable within one year | 40/41 | €844,938 | €631,826 | -€213,112 | -25.2% |
| Trade receivables | 40 | €105,873 | €54,117 | -€51,756 | -48.9% |
| Other amounts receivable | 41 | €739,065 | €577,709 | -€161,356 | -21.8% |
| Cash at bank and in hand | 54/58 | €4,571 | €250,303 | +€245,732 | +5,376% |
| Deferred charges and accrued income | 490/1 | €45,279 | €119,076 | +€73,797 | +163% |
| Total equity and liabilities | 10/49 | €2,149,617 | €2,033,368 | -€116,249 | -5.4% |
| Equity | 10/15 | €759,007 | €809,335 | +€50,327 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €472,996 | €472,996 | = | 0.0% |
| Distributable reserves | 133 | €472,996 | €472,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,412 | €317,739 | +€50,327 | +18.8% |
| Amounts payable | 17/49 | €1,390,610 | €1,224,033 | -€166,577 | -12.0% |
| Amounts payable after more than one year | 17 | €430,182 | €386,629 | -€43,553 | -10.1% |
| Financial debts | 170/4 | €430,182 | €386,629 | -€43,553 | -10.1% |
| Amounts payable within one year | 42/48 | €924,772 | €822,821 | -€101,952 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €146,285 | €157,854 | +€11,569 | +7.9% |
| Trade debts | 44 | €108,364 | €38,887 | -€69,477 | -64.1% |
| Suppliers | 440/4 | €108,364 | €38,887 | -€69,477 | -64.1% |
| Taxes, remuneration and social security | 45 | €116,581 | €118,230 | +€1,649 | +1.4% |
| Taxes | 450/3 | €50,079 | €17,821 | -€32,258 | -64.4% |
| Remuneration and social security | 454/9 | €66,502 | €100,409 | +€33,907 | +51.0% |
| Other amounts payable | 47/48 | €553,542 | €507,849 | -€45,692 | -8.3% |
| Accrued charges and deferred income | 492/3 | €35,655 | €14,583 | -€21,072 | -59.1% |
| Remuneration, social security and pensions | 62 | €620,266 | €651,874 | +€31,608 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,761 | €201,791 | -€8,971 | -4.3% |
| Other operating charges | 640/8 | €21,665 | €23,358 | +€1,694 | +7.8% |
| Gross operating margin | 9900 | €1,111,525 | €980,199 | -€131,326 | -11.8% |
| Operating profit (loss) | 9901 | €258,833 | €103,176 | -€155,657 | -60.1% |
| Financial income | 75/76B | €79 | €2 | -€76 | -97.0% |
| Recurring financial income | 75 | €79 | €2 | -€76 | -97.0% |
| Financial charges | 65/66B | €38,975 | €26,283 | -€12,693 | -32.6% |
| Recurring financial charges | 65 | €38,975 | €13,983 | -€24,993 | -64.1% |
| Non-recurring financial charges | 66B | - | €12,300 | +€12,300 | |
| Profit (loss) for the period before taxes | 9903 | €219,936 | €76,895 | -€143,041 | -65.0% |
| Income taxes | 67/77 | €70,881 | €26,568 | -€44,313 | -62.5% |
| Profit (loss) for the period | 9904 | €149,055 | €50,327 | -€98,728 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €149,055 | €50,327 | -€98,728 | -66.2% |
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 15 October 2026 via checked.be.