VANDEBURGT INVESTS: 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.
VANDEBURGT INVESTS
Largest movements
- Tangible fixed assets +€134,986
up €134,986 (+20.0%), from €675,843 to €810,829
of which Land and buildings: +€134,986
- Debts after one year +€111,697
up €111,697 (+62.3%), from €179,343 to €291,040
of which Other amounts payable: +€123,500
- Short-term financial debts +€33,167
up €33,167 (+17.5%), from €189,057 to €222,224
- Current portion of long-term debt -€15,000
down €15,000 (-53.6%), from €28,000 to €13,000
- Other debts +€9,045
up €9,045 (+5.2%), from €175,624 to €184,669
- Financial charges +€7,549
up €7,549 (+43.7%), from €17,269 to €24,819
- Gross operating margin +€7,285
up €7,285 (+17.4%), from €41,883 to €49,169
- Depreciation -€5,130
down €5,130 (-18.5%), from €27,689 to €22,559
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 | €680,914 | €815,370 | +€134,456 | +19.7% |
| Fixed assets | 21/28 | €675,843 | €810,829 | +€134,986 | +20.0% |
| Tangible fixed assets | 22/27 | €675,843 | €810,829 | +€134,986 | +20.0% |
| Land and buildings | 22 | €675,843 | €810,829 | +€134,986 | +20.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €5,071 | €4,541 | -€529 | -10.4% |
| Amounts receivable within one year | 40/41 | €4,329 | €4,307 | -€22 | -0.5% |
| Trade receivables | 40 | €3,960 | €4,005 | +€45 | +1.1% |
| Other amounts receivable | 41 | €369 | €302 | -€67 | -18.0% |
| Cash at bank and in hand | 54/58 | €742 | €234 | -€508 | -68.5% |
| Total equity and liabilities | 10/49 | €680,914 | €815,370 | +€134,456 | +19.7% |
| Equity | 10/15 | €91,553 | €89,974 | -€1,579 | -1.7% |
| Contributions | 10/11 | €41,000 | €41,000 | = | 0.0% |
| Reserves | 13 | €56,671 | €56,671 | = | 0.0% |
| Distributable reserves | 133 | €56,671 | €56,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,118 | -€7,697 | -€1,579 | -25.8% |
| Amounts payable | 17/49 | €589,361 | €725,396 | +€136,035 | +23.1% |
| Amounts payable after more than one year | 17 | €179,343 | €291,040 | +€111,697 | +62.3% |
| Financial debts | 170/4 | €44,662 | €32,859 | -€11,803 | -26.4% |
| Other amounts payable | 178/9 | €134,682 | €258,181 | +€123,500 | +91.7% |
| Amounts payable within one year | 42/48 | €402,460 | €424,775 | +€22,315 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €28,000 | €13,000 | -€15,000 | -53.6% |
| Financial debts | 43 | €189,057 | €222,224 | +€33,167 | +17.5% |
| Credit institutions | 430/8 | €189,057 | €222,224 | +€33,167 | +17.5% |
| Trade debts | 44 | €1,965 | €298 | -€1,667 | -84.8% |
| Suppliers | 440/4 | €1,965 | €298 | -€1,667 | -84.8% |
| Taxes, remuneration and social security | 45 | €7,814 | €4,585 | -€3,229 | -41.3% |
| Taxes | 450/3 | €7,814 | €4,585 | -€3,229 | -41.3% |
| Other amounts payable | 47/48 | €175,624 | €184,669 | +€9,045 | +5.2% |
| Accrued charges and deferred income | 492/3 | €7,558 | €9,581 | +€2,023 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,689 | €22,559 | -€5,130 | -18.5% |
| Other operating charges | 640/8 | €3,044 | €3,370 | +€327 | +10.7% |
| Gross operating margin | 9900 | €41,883 | €49,169 | +€7,285 | +17.4% |
| Operating profit (loss) | 9901 | €11,151 | €23,239 | +€12,088 | +108% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,269 | €24,819 | +€7,549 | +43.7% |
| Recurring financial charges | 65 | €17,269 | €24,819 | +€7,549 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,118 | -€1,579 | +€4,539 | +74.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,118 | -€1,579 | +€4,539 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,118 | -€1,579 | +€4,539 | +74.2% |
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 23 October 2026 via checked.be.