VANDASIN: 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.
VANDASIN
Largest movements
- Cash +€4,589
up €4,589 (+12.5%), from €36,591 to €41,180
mainly Net result for the year (+€6,888) and Receivables within one year (+€2,770)
- Receivables within one year -€2,770
down €2,770 (-18.0%), from €15,428 to €12,657
of which Trade receivables: -€4,546
- Profit (loss) carried forward +€4,129
up €4,129, from -€4,129 to €0
- Trade debts -€4,125
down €4,125 (-45.6%), from €9,045 to €4,920
- Other debts +€2,500
up €2,500 (+1,209%), from €207 to €2,707
- Tax, wage and social debts -€1,310
down €1,310 (-49.8%), from €2,628 to €1,318
- Gross operating margin +€10,714
up €10,714, from -€2,671 to €8,043
- Depreciation -€443
down €443 (-58.5%), from €757 to €314
- Taxes +€130
up €130, from €0 to €130
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 | €52,595 | €54,057 | +€1,462 | +2.8% |
| Fixed assets | 21/28 | €314 | €0 | -€314 | -100% |
| Tangible fixed assets | 22/27 | €314 | €0 | -€314 | -100% |
| Furniture and vehicles | 24 | €314 | €0 | -€314 | -100% |
| Current assets | 29/58 | €52,281 | €54,057 | +€1,775 | +3.4% |
| Amounts receivable within one year | 40/41 | €15,428 | €12,657 | -€2,770 | -18.0% |
| Trade receivables | 40 | €11,743 | €7,197 | -€4,546 | -38.7% |
| Other amounts receivable | 41 | €3,685 | €5,461 | +€1,776 | +48.2% |
| Current investments | 50/53 | €262 | €219 | -€44 | -16.6% |
| Cash at bank and in hand | 54/58 | €36,591 | €41,180 | +€4,589 | +12.5% |
| Total equity and liabilities | 10/49 | €52,595 | €54,057 | +€1,462 | +2.8% |
| Equity | 10/15 | €40,652 | €45,040 | +€4,388 | +10.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €19,993 | €20,251 | +€258 | +1.3% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €17,514 | €17,772 | +€258 | +1.5% |
| Profit (loss) carried forward | 14 | -€4,129 | €0 | +€4,129 | |
| Amounts payable | 17/49 | €11,942 | €9,016 | -€2,926 | -24.5% |
| Amounts payable within one year | 42/48 | €11,942 | €9,016 | -€2,926 | -24.5% |
| Financial debts | 43 | €63 | €72 | +€8 | +13.0% |
| Credit institutions | 430/8 | €63 | €72 | +€8 | +13.0% |
| Trade debts | 44 | €9,045 | €4,920 | -€4,125 | -45.6% |
| Suppliers | 440/4 | €9,045 | €4,920 | -€4,125 | -45.6% |
| Taxes, remuneration and social security | 45 | €2,628 | €1,318 | -€1,310 | -49.8% |
| Taxes | 450/3 | €2,628 | €1,318 | -€1,310 | -49.8% |
| Other amounts payable | 47/48 | €207 | €2,707 | +€2,500 | +1,209% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757 | €314 | -€443 | -58.5% |
| Other operating charges | 640/8 | €539 | €526 | -€14 | -2.5% |
| Gross operating margin | 9900 | -€2,671 | €8,043 | +€10,714 | |
| Operating profit (loss) | 9901 | -€3,967 | €7,203 | +€11,170 | |
| Financial income | 75/76B | €0 | €29 | +€29 | |
| Recurring financial income | 75 | €0 | €29 | +€29 | |
| Financial charges | 65/66B | €162 | €214 | +€52 | +32.1% |
| Recurring financial charges | 65 | €162 | €214 | +€52 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,129 | €7,018 | +€11,147 | |
| Income taxes | 67/77 | €0 | €130 | +€130 | |
| Profit (loss) for the period | 9904 | -€4,129 | €6,888 | +€11,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,129 | €6,888 | +€11,017 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.