VANDEN BERGH: 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.
VANDEN BERGH
Largest movements
- Tangible fixed assets -€34,256
down €34,256 (-55.2%), from €62,003 to €27,747
of which Furniture and vehicles: -€27,216
- Current investments +€30,246
up €30,246 (+75.6%), from €40,000 to €70,246
- Cash -€21,232
down €21,232 (-67.1%), from €31,648 to €10,415
mainly Current investments (-€30,246) and Contributions, distributions and other (-€25,090)
- Receivables within one year -€9,751
down €9,751 (-55.2%), from €17,657 to €7,907
of which Trade receivables: -€9,751
- Stocks and contracts +€1,933
up €1,933 (+97.4%), from €1,985 to €3,919
- Reserves -€24,605
down €24,605 (-21.6%), from €113,881 to €89,276
- Trade debts -€5,206
down €5,206 (-81.7%), from €6,375 to €1,170
- Other debts -€3,352
down €3,352 (-96.8%), from €3,463 to €111
- Depreciation -€6,418
down €6,418 (-34.4%), from €18,632 to €12,214
- Taxes -€4,943
down €4,943 (-96.1%), from €5,142 to €199
- Gross operating margin +€671
up €671 (+5.0%), from €13,428 to €14,099
- Financial charges -€310
down €310 (-71.4%), from €434 to €124
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 | €154,752 | €121,518 | -€33,234 | -21.5% |
| Fixed assets | 21/28 | €62,003 | €27,747 | -€34,256 | -55.2% |
| Tangible fixed assets | 22/27 | €62,003 | €27,747 | -€34,256 | -55.2% |
| Plant, machinery and equipment | 23 | €15,275 | €9,260 | -€6,016 | -39.4% |
| Furniture and vehicles | 24 | €42,185 | €14,970 | -€27,216 | -64.5% |
| Other tangible fixed assets | 26 | €4,542 | €3,518 | -€1,024 | -22.6% |
| Current assets | 29/58 | €92,749 | €93,770 | +€1,021 | +1.1% |
| Stocks and contracts in progress | 3 | €1,985 | €3,919 | +€1,933 | +97.4% |
| Stocks | 30/36 | €1,985 | €3,919 | +€1,933 | +97.4% |
| Amounts receivable within one year | 40/41 | €17,657 | €7,907 | -€9,751 | -55.2% |
| Trade receivables | 40 | €16,937 | €7,187 | -€9,751 | -57.6% |
| Other amounts receivable | 41 | €720 | €720 | = | 0.0% |
| Current investments | 50/53 | €40,000 | €70,246 | +€30,246 | +75.6% |
| Cash at bank and in hand | 54/58 | €31,648 | €10,415 | -€21,232 | -67.1% |
| Deferred charges and accrued income | 490/1 | €1,459 | €1,283 | -€176 | -12.0% |
| Total equity and liabilities | 10/49 | €154,752 | €121,518 | -€33,234 | -21.5% |
| Equity | 10/15 | €142,836 | €118,236 | -€24,600 | -17.2% |
| Contributions | 10/11 | €28,955 | €28,955 | = | 0.0% |
| Reserves | 13 | €113,881 | €89,276 | -€24,605 | -21.6% |
| Distributable reserves | 133 | €113,881 | €89,276 | -€24,605 | -21.6% |
| Profit (loss) carried forward | 14 | - | €5 | +€5 | |
| Amounts payable | 17/49 | €11,916 | €3,282 | -€8,634 | -72.5% |
| Amounts payable within one year | 42/48 | €11,916 | €3,282 | -€8,634 | -72.5% |
| Trade debts | 44 | €6,375 | €1,170 | -€5,206 | -81.7% |
| Suppliers | 440/4 | €6,375 | €1,170 | -€5,206 | -81.7% |
| Taxes, remuneration and social security | 45 | €2,077 | €2,001 | -€76 | -3.7% |
| Taxes | 450/3 | €2,077 | €2,001 | -€76 | -3.7% |
| Other amounts payable | 47/48 | €3,463 | €111 | -€3,352 | -96.8% |
| Non-recurring operating income | 76A | - | €275 | +€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,632 | €12,214 | -€6,418 | -34.4% |
| Other operating charges | 640/8 | €1,397 | €1,424 | +€27 | +1.9% |
| Gross operating margin | 9900 | €13,428 | €14,099 | +€671 | +5.0% |
| Operating profit (loss) | 9901 | -€6,601 | €461 | +€7,062 | |
| Financial income | 75/76B | €414 | €352 | -€62 | -15.0% |
| Recurring financial income | 75 | €414 | €352 | -€62 | -15.0% |
| Financial charges | 65/66B | €434 | €124 | -€310 | -71.4% |
| Recurring financial charges | 65 | €434 | €124 | -€310 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,621 | €689 | +€7,310 | |
| Income taxes | 67/77 | €5,142 | €199 | -€4,943 | -96.1% |
| Profit (loss) for the period | 9904 | -€11,764 | €490 | +€12,253 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,764 | €490 | +€12,253 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.