VANDEN BORRE: 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 BORRE
Largest movements
- Cash -€65,180
down €65,180 (-49.0%), from €133,063 to €67,883
mainly Net result for the year (-€31,426) and Receivables within one year (-€15,670)
- Receivables within one year +€15,670
up €15,670 (+11.1%), from €140,783 to €156,453
of which Trade receivables: +€25,970
- Receivables after one year +€9,802
up €9,802 (+2.5%), from €394,434 to €404,236
of which Other amounts receivable: +€5,000
- Tangible fixed assets -€9,469
down €9,469 (-34.0%), from €27,867 to €18,398
of which Furniture and vehicles: -€8,756
- Profit (loss) carried forward -€31,426
down €31,426 (-6.9%), from €454,770 to €423,344
- Other debts -€11,700
no longer reported in 2023 (was €11,700)
- Turnover -€57,869
down €57,869 (-22.8%), from €254,042 to €196,173
- Purchases and services -€38,165
down €38,165 (-24.7%), from €154,668 to €116,503
- Gross operating margin -€19,704
down €19,704 (-19.8%), from €99,374 to €79,670
- Taxes +€13,352
new in 2023: €13,352
- Financial income +€3,725
up €3,725 (+77.3%), from €4,818 to €8,543
of which Financial income: +€3,725
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,147 | €646,970 | -€49,177 | -7.1% |
| Fixed assets | 21/28 | €27,867 | €18,398 | -€9,469 | -34.0% |
| Tangible fixed assets | 22/27 | €27,867 | €18,398 | -€9,469 | -34.0% |
| Plant, machinery and equipment | 23 | €6,738 | €6,025 | -€713 | -10.6% |
| Furniture and vehicles | 24 | €21,129 | €12,373 | -€8,756 | -41.4% |
| Current assets | 29/58 | €668,280 | €628,572 | -€39,708 | -5.9% |
| Amounts receivable after more than one year | 29 | €394,434 | €404,236 | +€9,802 | +2.5% |
| Trade receivables | 290 | €144,434 | €149,236 | +€4,802 | +3.3% |
| Other amounts receivable | 291 | €250,000 | €255,000 | +€5,000 | +2.0% |
| Amounts receivable within one year | 40/41 | €140,783 | €156,453 | +€15,670 | +11.1% |
| Trade receivables | 40 | €130,483 | €156,453 | +€25,970 | +19.9% |
| Other amounts receivable | 41 | €10,300 | - | -€10,300 | |
| Cash at bank and in hand | 54/58 | €133,063 | €67,883 | -€65,180 | -49.0% |
| Total equity and liabilities | 10/49 | €696,147 | €646,970 | -€49,177 | -7.1% |
| Equity | 10/15 | €628,681 | €597,255 | -€31,426 | -5.0% |
| Contributions | 10/11 | €157,200 | €157,200 | = | 0.0% |
| Reserves | 13 | €16,711 | €16,711 | = | 0.0% |
| Tax-exempt reserves | 132 | €991 | €991 | = | 0.0% |
| Distributable reserves | 133 | €15,720 | €15,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €454,770 | €423,344 | -€31,426 | -6.9% |
| Provisions and deferred taxes | 16 | €3,100 | €3,100 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,100 | €3,100 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,100 | €3,100 | = | 0.0% |
| Amounts payable | 17/49 | €64,366 | €46,615 | -€17,751 | -27.6% |
| Amounts payable after more than one year | 17 | €43,197 | €42,458 | -€739 | -1.7% |
| Financial debts | 170/4 | €43,197 | €42,458 | -€739 | -1.7% |
| Amounts payable within one year | 42/48 | €21,169 | €4,157 | -€17,012 | -80.4% |
| Taxes, remuneration and social security | 45 | €9,469 | €4,157 | -€5,312 | -56.1% |
| Taxes | 450/3 | €9,469 | €4,157 | -€5,312 | -56.1% |
| Other amounts payable | 47/48 | €11,700 | - | -€11,700 | |
| Turnover | 70 | €254,042 | €196,173 | -€57,869 | -22.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €154,668 | €116,503 | -€38,165 | -24.7% |
| Remuneration, social security and pensions | 62 | €90,611 | €94,087 | +€3,476 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,757 | €9,469 | -€288 | -3.0% |
| Other operating charges | 640/8 | €888 | €1,590 | +€702 | +79.1% |
| Gross operating margin | 9900 | €99,374 | €79,670 | -€19,704 | -19.8% |
| Operating profit (loss) | 9901 | -€1,882 | -€25,476 | -€23,594 | -1,254% |
| Financial income | 75/76B | €4,818 | €8,543 | +€3,725 | +77.3% |
| Recurring financial income | 75 | €4,818 | €8,543 | +€3,725 | +77.3% |
| Non-recurring financial income | 76B | €4,818 | €8,543 | +€3,725 | +77.3% |
| Financial charges | 65/66B | €136 | €1,141 | +€1,005 | +739% |
| Recurring financial charges | 65 | €136 | €1,141 | +€1,005 | +739% |
| Profit (loss) for the period before taxes | 9903 | €2,800 | -€18,074 | -€20,874 | |
| Income taxes | 67/77 | - | €13,352 | +€13,352 | |
| Profit (loss) for the period | 9904 | €2,800 | -€31,426 | -€34,226 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,800 | -€31,426 | -€34,226 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.