VANDECRUYS BERT: 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.
VANDECRUYS BERT
Largest movements
- Tangible fixed assets +€187,248
up €187,248 (+396%), from €47,236 to €234,484
of which Leasing and similar rights: +€126,662
- Cash -€67,953
down €67,953 (-45.6%), from €148,874 to €80,921
mainly Investment in fixed assets (net) (-€222,629) and Contributions, distributions and other (-€50,000)
- Receivables within one year -€7,504
down €7,504 (-29.0%), from €25,864 to €18,360
of which Trade receivables: -€14,425
- Debts after one year +€70,337
new in 2025: €70,337
- Other debts +€49,141
up €49,141 (+5,721%), from €859 to €50,000
- Profit (loss) carried forward -€9,799
down €9,799 (-5.7%), from €171,831 to €162,032
- Current portion of long-term debt +€9,671
up €9,671 (+79.9%), from €12,101 to €21,773
- Tax, wage and social debts -€7,456
down €7,456 (-64.4%), from €11,581 to €4,126
of which Remuneration and social security: -€6,000
- Gross operating margin +€26,651
up €26,651 (+30.4%), from €87,739 to €114,390
- Depreciation +€8,543
up €8,543 (+31.8%), from €26,838 to €35,381
- Other operating charges +€6,792
up €6,792 (+39.7%), from €17,091 to €23,884
- Taxes +€5,309
up €5,309 (+101%), from €5,263 to €10,572
- Financial charges +€3,479
up €3,479 (+398%), from €874 to €4,353
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 | €222,304 | €334,095 | +€111,792 | +50.3% |
| Fixed assets | 21/28 | €47,566 | €234,814 | +€187,248 | +394% |
| Tangible fixed assets | 22/27 | €47,236 | €234,484 | +€187,248 | +396% |
| Furniture and vehicles | 24 | €34,683 | €95,270 | +€60,586 | +175% |
| Leasing and similar rights | 25 | €12,553 | €139,215 | +€126,662 | +1,009% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €174,738 | €99,281 | -€75,456 | -43.2% |
| Amounts receivable within one year | 40/41 | €25,864 | €18,360 | -€7,504 | -29.0% |
| Trade receivables | 40 | €14,425 | - | -€14,425 | |
| Other amounts receivable | 41 | €11,438 | €18,360 | +€6,922 | +60.5% |
| Cash at bank and in hand | 54/58 | €148,874 | €80,921 | -€67,953 | -45.6% |
| Total equity and liabilities | 10/49 | €222,304 | €334,095 | +€111,792 | +50.3% |
| Equity | 10/15 | €191,831 | €182,032 | -€9,799 | -5.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,831 | €162,032 | -€9,799 | -5.7% |
| Amounts payable | 17/49 | €30,473 | €152,064 | +€121,591 | +399% |
| Amounts payable after more than one year | 17 | - | €70,337 | +€70,337 | |
| Financial debts | 170/4 | - | €70,337 | +€70,337 | |
| Amounts payable within one year | 42/48 | €30,473 | €81,727 | +€51,254 | +168% |
| Current portion of amounts payable after more than one year | 42 | €12,101 | €21,773 | +€9,671 | +79.9% |
| Trade debts | 44 | €5,931 | €5,829 | -€102 | -1.7% |
| Suppliers | 440/4 | €5,931 | €5,829 | -€102 | -1.7% |
| Taxes, remuneration and social security | 45 | €11,581 | €4,126 | -€7,456 | -64.4% |
| Taxes | 450/3 | €5,581 | €4,126 | -€1,456 | -26.1% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €859 | €50,000 | +€49,141 | +5,721% |
| Non-recurring operating income | 76A | - | €25,197 | +€25,197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,838 | €35,381 | +€8,543 | +31.8% |
| Other operating charges | 640/8 | €17,091 | €23,884 | +€6,792 | +39.7% |
| Gross operating margin | 9900 | €87,739 | €114,390 | +€26,651 | +30.4% |
| Operating profit (loss) | 9901 | €43,811 | €55,126 | +€11,315 | +25.8% |
| Financial charges | 65/66B | €874 | €4,353 | +€3,479 | +398% |
| Recurring financial charges | 65 | €874 | €4,353 | +€3,479 | +398% |
| Profit (loss) for the period before taxes | 9903 | €42,937 | €50,773 | +€7,836 | +18.3% |
| Income taxes | 67/77 | €5,263 | €10,572 | +€5,309 | +101% |
| Profit (loss) for the period | 9904 | €37,674 | €40,201 | +€2,527 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,674 | €40,201 | +€2,527 | +6.7% |
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 20 October 2026 via checked.be.