VANDEBROUCK DANNY: 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.
VANDEBROUCK DANNY
Largest movements
- Receivables within one year -€303,327
down €303,327 (-55.5%), from €546,391 to €243,063
of which Trade receivables: -€271,135
- Cash +€17,184
up €17,184 (+17,112%), from €100 to €17,284
mainly Receivables within one year (+€303,327) and Net result for the year (+€63,813)
- Tangible fixed assets -€9,674
down €9,674 (-17.1%), from €56,708 to €47,034
of which Furniture and vehicles: -€5,789
- Deferred charges and accrued income +€6,601
up €6,601 (+158%), from €4,181 to €10,783
- Trade debts -€317,105
down €317,105 (-94.0%), from €337,436 to €20,331
- Profit (loss) carried forward +€63,813
up €63,813 (+38.7%), from €164,995 to €228,808
- Short-term financial debts -€44,718
no longer reported in 2025 (was €44,718)
- Tax, wage and social debts +€24,916
up €24,916 (+58.2%), from €42,796 to €67,712
- Advances received -€16,541
down €16,541 (-85.7%), from €19,311 to €2,770
- Gross operating margin -€27,504
down €27,504 (-22.0%), from €125,208 to €97,704
- Depreciation +€3,720
up €3,720 (+32.1%), from €11,605 to €15,325
- Financial charges -€2,938
down €2,938 (-33.4%), from €8,793 to €5,855
- Taxes -€2,748
down €2,748 (-10.4%), from €26,379 to €23,631
- Financial income -€1,621
down €1,621 (-12.9%), from €12,594 to €10,973
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 | €632,981 | €343,764 | -€289,217 | -45.7% |
| Fixed assets | 21/28 | €56,708 | €47,034 | -€9,674 | -17.1% |
| Tangible fixed assets | 22/27 | €56,708 | €47,034 | -€9,674 | -17.1% |
| Land and buildings | 22 | €2,092 | €935 | -€1,157 | -55.3% |
| Plant, machinery and equipment | 23 | €7,936 | €5,208 | -€2,728 | -34.4% |
| Furniture and vehicles | 24 | €46,680 | €40,890 | -€5,789 | -12.4% |
| Current assets | 29/58 | €576,272 | €296,730 | -€279,542 | -48.5% |
| Stocks and contracts in progress | 3 | €25,600 | €25,600 | = | 0.0% |
| Stocks | 30/36 | €25,600 | €25,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €546,391 | €243,063 | -€303,327 | -55.5% |
| Trade receivables | 40 | €315,109 | €43,973 | -€271,135 | -86.0% |
| Other amounts receivable | 41 | €231,282 | €199,090 | -€32,192 | -13.9% |
| Cash at bank and in hand | 54/58 | €100 | €17,284 | +€17,184 | +17,112% |
| Deferred charges and accrued income | 490/1 | €4,181 | €10,783 | +€6,601 | +158% |
| Total equity and liabilities | 10/49 | €632,981 | €343,764 | -€289,217 | -45.7% |
| Equity | 10/15 | €186,995 | €250,808 | +€63,813 | +34.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,995 | €228,808 | +€63,813 | +38.7% |
| Amounts payable | 17/49 | €445,986 | €92,956 | -€353,030 | -79.2% |
| Amounts payable within one year | 42/48 | €445,986 | €92,956 | -€353,030 | -79.2% |
| Current portion of amounts payable after more than one year | 42 | €1,724 | - | -€1,724 | |
| Financial debts | 43 | €44,718 | - | -€44,718 | |
| Credit institutions | 430/8 | €44,718 | - | -€44,718 | |
| Trade debts | 44 | €337,436 | €20,331 | -€317,105 | -94.0% |
| Suppliers | 440/4 | €337,436 | €20,331 | -€317,105 | -94.0% |
| Advances received on contracts in progress | 46 | €19,311 | €2,770 | -€16,541 | -85.7% |
| Taxes, remuneration and social security | 45 | €42,796 | €67,712 | +€24,916 | +58.2% |
| Taxes | 450/3 | €42,796 | €67,712 | +€24,916 | +58.2% |
| Other amounts payable | 47/48 | - | €2,143 | +€2,143 | |
| Non-recurring operating income | 76A | - | €9,150 | +€9,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,605 | €15,325 | +€3,720 | +32.1% |
| Other operating charges | 640/8 | €1,322 | €54 | -€1,268 | -95.9% |
| Gross operating margin | 9900 | €125,208 | €97,704 | -€27,504 | -22.0% |
| Operating profit (loss) | 9901 | €112,282 | €82,325 | -€29,956 | -26.7% |
| Financial income | 75/76B | €12,594 | €10,973 | -€1,621 | -12.9% |
| Recurring financial income | 75 | €12,594 | €10,973 | -€1,621 | -12.9% |
| Financial charges | 65/66B | €8,793 | €5,855 | -€2,938 | -33.4% |
| Recurring financial charges | 65 | €8,793 | €5,855 | -€2,938 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €116,082 | €87,444 | -€28,638 | -24.7% |
| Income taxes | 67/77 | €26,379 | €23,631 | -€2,748 | -10.4% |
| Profit (loss) for the period | 9904 | €89,703 | €63,813 | -€25,890 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,703 | €63,813 | -€25,890 | -28.9% |
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 24 October 2026 via checked.be.