VANDEKEYBUS.EU: 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.
VANDEKEYBUS.EU
Largest movements
- Tangible fixed assets +€35,154
up €35,154 (+19,293%), from €182 to €35,336
of which Leasing and similar rights: +€33,636
- Cash +€5,316
up €5,316 (+6.1%), from €86,570 to €91,886
mainly Net result for the year (+€73,681) and Debts after one year (+€24,021)
- Debts after one year +€24,021
new in 2025: €24,021
- Other debts +€15,764
up €15,764 (+24.2%), from €65,059 to €80,823
- Current portion of long-term debt +€8,659
new in 2025: €8,659
- Reserves -€6,601
down €6,601 (-100%), from €6,601 to €0
- Tax, wage and social debts -€3,375
down €3,375 (-31.6%), from €10,673 to €7,298
- Financial income +€9,277
up €9,277 (+44.2%), from €21,005 to €30,282
- Gross operating margin +€9,077
up €9,077 (+16.9%), from €53,834 to €62,911
- Depreciation +€4,647
up €4,647 (+550%), from €844 to €5,491
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 | €102,437 | €142,575 | +€40,138 | +39.2% |
| Fixed assets | 21/28 | €4,502 | €39,656 | +€35,154 | +781% |
| Tangible fixed assets | 22/27 | €182 | €35,336 | +€35,154 | +19,293% |
| Plant, machinery and equipment | 23 | - | €1,700 | +€1,700 | |
| Furniture and vehicles | 24 | €182 | €0 | -€182 | -100% |
| Leasing and similar rights | 25 | - | €33,636 | +€33,636 | |
| Financial fixed assets | 28 | €4,320 | €4,320 | = | 0.0% |
| Current assets | 29/58 | €97,935 | €102,920 | +€4,985 | +5.1% |
| Amounts receivable within one year | 40/41 | €10,643 | €9,360 | -€1,283 | -12.1% |
| Trade receivables | 40 | €10,643 | €9,360 | -€1,283 | -12.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €86,570 | €91,886 | +€5,316 | +6.1% |
| Deferred charges and accrued income | 490/1 | €721 | €1,674 | +€953 | +132% |
| Total equity and liabilities | 10/49 | €102,437 | €142,575 | +€40,138 | +39.2% |
| Equity | 10/15 | €25,201 | €18,600 | -€6,601 | -26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,601 | €0 | -€6,601 | -100% |
| Distributable reserves | 133 | €6,601 | €0 | -€6,601 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,236 | €123,975 | +€46,739 | +60.5% |
| Amounts payable after more than one year | 17 | - | €24,021 | +€24,021 | |
| Financial debts | 170/4 | - | €24,021 | +€24,021 | |
| Amounts payable within one year | 42/48 | €76,834 | €99,954 | +€23,120 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,659 | +€8,659 | |
| Trade debts | 44 | €1,103 | €3,175 | +€2,072 | +188% |
| Suppliers | 440/4 | €1,103 | €3,175 | +€2,072 | +188% |
| Taxes, remuneration and social security | 45 | €10,673 | €7,298 | -€3,375 | -31.6% |
| Taxes | 450/3 | €10,673 | €7,298 | -€3,375 | -31.6% |
| Other amounts payable | 47/48 | €65,059 | €80,823 | +€15,764 | +24.2% |
| Accrued charges and deferred income | 492/3 | €402 | €0 | -€402 | -100% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €5,491 | +€4,647 | +550% |
| Other operating charges | 640/8 | €886 | €1,382 | +€496 | +55.9% |
| Gross operating margin | 9900 | €53,834 | €62,911 | +€9,077 | +16.9% |
| Operating profit (loss) | 9901 | €52,104 | €56,038 | +€3,935 | +7.6% |
| Financial income | 75/76B | €21,005 | €30,282 | +€9,277 | +44.2% |
| Recurring financial income | 75 | €21,005 | €30,282 | +€9,277 | +44.2% |
| Financial charges | 65/66B | €544 | €1,025 | +€481 | +88.3% |
| Recurring financial charges | 65 | €544 | €1,025 | +€481 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €72,564 | €85,295 | +€12,731 | +17.5% |
| Income taxes | 67/77 | €11,174 | €11,614 | +€441 | +3.9% |
| Profit (loss) for the period | 9904 | €61,390 | €73,681 | +€12,290 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,390 | €73,681 | +€12,290 | +20.0% |
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 14 October 2026 via checked.be.