VANDEBROEK & C°: 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.
VANDEBROEK & C°
Largest movements
- Receivables within one year -€25,523
down €25,523 (-53.5%), from €47,716 to €22,193
- Cash -€19,754
down €19,754 (-20.0%), from €98,873 to €79,119
mainly Other debts (-€33,148) and Net result for the year (-€15,491)
- Tangible fixed assets -€17,398
down €17,398 (-4.3%), from €404,513 to €387,115
of which Land and buildings: -€16,212
- Other debts -€33,148
down €33,148 (-76.1%), from €43,578 to €10,429
- Reserves -€20,966
down €20,966 (-6.5%), from €321,652 to €300,686
of which Distributable reserves: -€15,000
- Profit (loss) carried forward -€9,525
down €9,525 (-6.0%), from €159,761 to €150,236
- Taxes -€34,078
down €34,078 (-99.4%), from €34,294 to €216
- Staff costs -€4,952
no longer reported in 2025 (was €4,952)
- Gross operating margin +€1,082
up €1,082 (+110%), from €980 to €2,062
- Other operating charges -€909
down €909 (-18.9%), from €4,816 to €3,907
- Financial income +€253
up €253 (+14.1%), from €1,797 to €2,050
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 | €607,437 | €541,206 | -€66,232 | -10.9% |
| Fixed assets | 21/28 | €404,513 | €387,115 | -€17,398 | -4.3% |
| Tangible fixed assets | 22/27 | €404,513 | €387,115 | -€17,398 | -4.3% |
| Land and buildings | 22 | €374,379 | €358,167 | -€16,212 | -4.3% |
| Plant, machinery and equipment | 23 | €4,855 | €3,669 | -€1,186 | -24.4% |
| Furniture and vehicles | 24 | €19,840 | €19,840 | = | 0.0% |
| Other tangible fixed assets | 26 | €5,439 | €5,439 | = | 0.0% |
| Current assets | 29/58 | €202,924 | €154,091 | -€48,833 | -24.1% |
| Amounts receivable after more than one year | 29 | €55,736 | €52,296 | -€3,440 | -6.2% |
| Other amounts receivable | 291 | €55,736 | €52,296 | -€3,440 | -6.2% |
| Amounts receivable within one year | 40/41 | €47,716 | €22,193 | -€25,523 | -53.5% |
| Other amounts receivable | 41 | €47,716 | €22,193 | -€25,523 | -53.5% |
| Cash at bank and in hand | 54/58 | €98,873 | €79,119 | -€19,754 | -20.0% |
| Deferred charges and accrued income | 490/1 | €599 | €482 | -€117 | -19.5% |
| Total equity and liabilities | 10/49 | €607,437 | €541,206 | -€66,232 | -10.9% |
| Equity | 10/15 | €500,013 | €469,522 | -€30,491 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €321,652 | €300,686 | -€20,966 | -6.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €279,792 | €273,826 | -€5,966 | -2.1% |
| Distributable reserves | 133 | €40,000 | €25,000 | -€15,000 | -37.5% |
| Profit (loss) carried forward | 14 | €159,761 | €150,236 | -€9,525 | -6.0% |
| Provisions and deferred taxes | 16 | €61,103 | €59,114 | -€1,989 | -3.3% |
| Deferred taxes | 168 | €61,103 | €59,114 | -€1,989 | -3.3% |
| Amounts payable | 17/49 | €46,322 | €12,570 | -€33,752 | -72.9% |
| Amounts payable within one year | 42/48 | €44,822 | €11,820 | -€33,002 | -73.6% |
| Trade debts | 44 | €1,067 | €1,174 | +€107 | +10.0% |
| Suppliers | 440/4 | €1,067 | €1,174 | +€107 | +10.0% |
| Taxes, remuneration and social security | 45 | €177 | €216 | +€40 | +22.4% |
| Taxes | 450/3 | €177 | €216 | +€40 | +22.4% |
| Other amounts payable | 47/48 | €43,578 | €10,429 | -€33,148 | -76.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €750 | -€750 | -50.0% |
| Remuneration, social security and pensions | 62 | €4,952 | - | -€4,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,398 | €17,398 | = | 0.0% |
| Other operating charges | 640/8 | €4,816 | €3,907 | -€909 | -18.9% |
| Gross operating margin | 9900 | €980 | €2,062 | +€1,082 | +110% |
| Operating profit (loss) | 9901 | -€26,187 | -€19,244 | +€6,943 | +26.5% |
| Financial income | 75/76B | €1,797 | €2,050 | +€253 | +14.1% |
| Recurring financial income | 75 | €1,797 | €2,050 | +€253 | +14.1% |
| Financial charges | 65/66B | €96 | €70 | -€26 | -27.4% |
| Recurring financial charges | 65 | €96 | €70 | -€26 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,487 | -€17,264 | +€7,223 | +29.5% |
| Transfer from deferred taxes | 780 | €1,989 | €1,989 | = | 0.0% |
| Income taxes | 67/77 | €34,294 | €216 | -€34,078 | -99.4% |
| Profit (loss) for the period | 9904 | -€56,792 | -€15,491 | +€41,301 | +72.7% |
| Transfer from tax-exempt reserves | 789 | €5,966 | €5,966 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,826 | -€9,525 | +€41,301 | +81.3% |
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 16 October 2026 via checked.be.