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
- Cash -€4,891
down €4,891 (-15.4%), from €31,816 to €26,925
mainly Trade debts (-€27,981) and Tax, wage and social debts (-€13,590)
- Deferred charges and accrued income +€2,353
up €2,353 (+374%), from €630 to €2,983
- Tangible fixed assets +€2,110
up €2,110 (+4.4%), from €48,363 to €50,473
of which Other tangible fixed assets: +€1,999
- Stocks and contracts -€1,500
down €1,500 (-42.9%), from €3,500 to €2,000
- Receivables within one year -€1,266
down €1,266 (-5.4%), from €23,267 to €22,001
of which Trade receivables: -€1,652
- Trade debts -€27,981
down €27,981 (-63.1%), from €44,374 to €16,393
- Other debts +€21,553
up €21,553 (+89.8%), from €23,996 to €45,549
- Profit (loss) carried forward +€17,301
up €17,301 (+502%), from €3,445 to €20,746
- Tax, wage and social debts -€13,590
down €13,590 (-38.1%), from €35,694 to €22,104
of which Remuneration and social security: -€14,749
- Staff costs +€20,204
up €20,204 (+10.0%), from €201,270 to €221,474
- Gross operating margin +€12,700
up €12,700 (+5.4%), from €236,308 to €249,008
- Financial charges +€6,070
up €6,070 (+294%), from €2,066 to €8,136
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 | €112,986 | €109,792 | -€3,194 | -2.8% |
| Fixed assets | 21/28 | €53,773 | €55,883 | +€2,110 | +3.9% |
| Tangible fixed assets | 22/27 | €48,363 | €50,473 | +€2,110 | +4.4% |
| Plant, machinery and equipment | 23 | €44,186 | €44,297 | +€111 | +0.3% |
| Other tangible fixed assets | 26 | €4,177 | €6,176 | +€1,999 | +47.8% |
| Financial fixed assets | 28 | €5,410 | €5,410 | = | 0.0% |
| Current assets | 29/58 | €59,213 | €53,909 | -€5,304 | -9.0% |
| Stocks and contracts in progress | 3 | €3,500 | €2,000 | -€1,500 | -42.9% |
| Stocks | 30/36 | €3,500 | €2,000 | -€1,500 | -42.9% |
| Amounts receivable within one year | 40/41 | €23,267 | €22,001 | -€1,266 | -5.4% |
| Trade receivables | 40 | €23,249 | €21,597 | -€1,652 | -7.1% |
| Other amounts receivable | 41 | €18 | €404 | +€385 | +2,101% |
| Cash at bank and in hand | 54/58 | €31,816 | €26,925 | -€4,891 | -15.4% |
| Deferred charges and accrued income | 490/1 | €630 | €2,983 | +€2,353 | +374% |
| Total equity and liabilities | 10/49 | €112,986 | €109,792 | -€3,194 | -2.8% |
| Equity | 10/15 | €8,445 | €25,746 | +€17,301 | +205% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,445 | €20,746 | +€17,301 | +502% |
| Amounts payable | 17/49 | €104,542 | €84,046 | -€20,495 | -19.6% |
| Amounts payable within one year | 42/48 | €104,064 | €84,046 | -€20,018 | -19.2% |
| Trade debts | 44 | €44,374 | €16,393 | -€27,981 | -63.1% |
| Suppliers | 440/4 | €44,374 | €16,393 | -€27,981 | -63.1% |
| Taxes, remuneration and social security | 45 | €35,694 | €22,104 | -€13,590 | -38.1% |
| Taxes | 450/3 | €6,243 | €7,402 | +€1,159 | +18.6% |
| Remuneration and social security | 454/9 | €29,451 | €14,702 | -€14,749 | -50.1% |
| Other amounts payable | 47/48 | €23,996 | €45,549 | +€21,553 | +89.8% |
| Accrued charges and deferred income | 492/3 | €477 | - | -€477 | |
| Remuneration, social security and pensions | 62 | €201,270 | €221,474 | +€20,204 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,253 | €7,465 | +€2,211 | +42.1% |
| Other operating charges | 640/8 | €1,432 | €1,959 | +€527 | +36.8% |
| Gross operating margin | 9900 | €236,308 | €249,008 | +€12,700 | +5.4% |
| Operating profit (loss) | 9901 | €28,352 | €18,110 | -€10,242 | -36.1% |
| Financial income | 75/76B | €66 | €65 | -€1 | -1.3% |
| Recurring financial income | 75 | €66 | €65 | -€1 | -1.3% |
| Financial charges | 65/66B | €2,066 | €8,136 | +€6,070 | +294% |
| Recurring financial charges | 65 | €2,066 | €8,136 | +€6,070 | +294% |
| Profit (loss) for the period before taxes | 9903 | €26,353 | €10,039 | -€16,313 | -61.9% |
| Income taxes | 67/77 | €1,038 | €2,835 | +€1,797 | +173% |
| Profit (loss) for the period | 9904 | €25,314 | €7,204 | -€18,110 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,314 | €7,204 | -€18,110 | -71.5% |
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.