VANDEGAR Technical Services: 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.
VANDEGAR Technical Services
Largest movements
- Cash +€26,511
new in 2025: €26,511
mainly Net result for the year (+€36,940) and Tax, wage and social debts (+€10,536)
- Tangible fixed assets -€6,811
down €6,811 (-8.2%), from €83,297 to €76,486
- Receivables within one year -€6,694
down €6,694 (-49.7%), from €13,458 to €6,764
of which Trade receivables: -€6,694
- Profit (loss) carried forward +€36,940
up €36,940 (+35.8%), from €103,080 to €140,021
- Short-term financial debts -€20,134
down €20,134 (-100%), from €20,134 to €0
- Tax, wage and social debts +€10,536
up €10,536 (+97.1%), from €10,855 to €21,391
- Debts after one year -€8,399
down €8,399 (-27.6%), from €30,391 to €21,993
- Current portion of long-term debt -€5,884
down €5,884 (-41.2%), from €14,282 to €8,399
- Gross operating margin +€30,981
up €30,981 (+88.3%), from €35,096 to €66,077
- Write-downs -€11,761
down €11,761 (-100%), from €11,761 to €0
- Taxes +€10,948
up €10,948 (+377%), from €2,901 to €13,849
- Financial charges +€2,321
up €2,321 (+46.3%), from €5,016 to €7,337
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 | €251,755 | €264,761 | +€13,006 | +5.2% |
| Fixed assets | 21/28 | €238,297 | €231,486 | -€6,811 | -2.9% |
| Tangible fixed assets | 22/27 | €83,297 | €76,486 | -€6,811 | -8.2% |
| Land and buildings | 22 | €83,297 | €76,486 | -€6,811 | -8.2% |
| Financial fixed assets | 28 | €155,000 | €155,000 | = | 0.0% |
| Current assets | 29/58 | €13,458 | €33,274 | +€19,817 | +147% |
| Amounts receivable within one year | 40/41 | €13,458 | €6,764 | -€6,694 | -49.7% |
| Trade receivables | 40 | €13,342 | €6,648 | -€6,694 | -50.2% |
| Other amounts receivable | 41 | €116 | €116 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €26,511 | +€26,511 | |
| Total equity and liabilities | 10/49 | €251,755 | €264,761 | +€13,006 | +5.2% |
| Equity | 10/15 | €124,685 | €161,626 | +€36,940 | +29.6% |
| Contributions | 10/11 | €9,730 | €9,730 | = | 0.0% |
| Reserves | 13 | €11,875 | €11,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,080 | €140,021 | +€36,940 | +35.8% |
| Amounts payable | 17/49 | €127,069 | €103,135 | -€23,935 | -18.8% |
| Amounts payable after more than one year | 17 | €30,391 | €21,993 | -€8,399 | -27.6% |
| Financial debts | 170/4 | €30,391 | €21,993 | -€8,399 | -27.6% |
| Amounts payable within one year | 42/48 | €95,114 | €79,578 | -€15,536 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €14,282 | €8,399 | -€5,884 | -41.2% |
| Financial debts | 43 | €20,134 | €0 | -€20,134 | -100% |
| Credit institutions | 430/8 | €20,134 | €0 | -€20,134 | -100% |
| Trade debts | 44 | €2,835 | €1,581 | -€1,254 | -44.2% |
| Suppliers | 440/4 | €2,835 | €1,581 | -€1,254 | -44.2% |
| Taxes, remuneration and social security | 45 | €10,855 | €21,391 | +€10,536 | +97.1% |
| Taxes | 450/3 | €10,855 | €21,391 | +€10,536 | +97.1% |
| Other amounts payable | 47/48 | €47,008 | €48,207 | +€1,200 | +2.6% |
| Accrued charges and deferred income | 492/3 | €1,564 | €1,564 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,811 | €6,811 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,761 | €0 | -€11,761 | -100% |
| Other operating charges | 640/8 | €1,573 | €1,140 | -€433 | -27.5% |
| Gross operating margin | 9900 | €35,096 | €66,077 | +€30,981 | +88.3% |
| Operating profit (loss) | 9901 | €14,951 | €58,126 | +€43,176 | +289% |
| Financial charges | 65/66B | €5,016 | €7,337 | +€2,321 | +46.3% |
| Recurring financial charges | 65 | €5,016 | €7,337 | +€2,321 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €9,935 | €50,789 | +€40,854 | +411% |
| Income taxes | 67/77 | €2,901 | €13,849 | +€10,948 | +377% |
| Profit (loss) for the period | 9904 | €7,034 | €36,940 | +€29,906 | +425% |
| Profit (loss) for the period to be appropriated | 9905 | €7,034 | €36,940 | +€29,906 | +425% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.