Vanden IT: 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 IT
Largest movements
- Receivables within one year +€26,222
up €26,222 (+52.8%), from €49,641 to €75,863
of which Other amounts receivable: +€28,101
- Reserves +€20,974
new in 2025: €20,974
- Accrued charges and deferred income +€11,400
new in 2025: €11,400
- Short-term financial debts +€10,023
up €10,023 (+266%), from €3,766 to €13,789
of which Other loans: +€9,800
- Profit (loss) carried forward -€7,431
no longer reported in 2025 (was €7,431)
- Trade debts -€4,598
down €4,598 (-82.6%), from €5,563 to €966
- Gross operating margin +€26,316
up €26,316, from -€5,343 to €20,972
- Taxes +€5,463
up €5,463 (+2,022%), from €270 to €5,733
- Financial income +€1,229
up €1,229 (+155%), from €794 to €2,023
- Other operating charges -€959
down €959 (-53.7%), from €1,786 to €827
- Financial charges -€438
down €438 (-13.4%), from €3,273 to €2,835
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 | €50,479 | €76,684 | +€26,204 | +51.9% |
| Fixed assets | 21/28 | €57 | - | -€57 | |
| Tangible fixed assets | 22/27 | €57 | - | -€57 | |
| Plant, machinery and equipment | 23 | €57 | - | -€57 | |
| Current assets | 29/58 | €50,422 | €76,684 | +€26,262 | +52.1% |
| Amounts receivable within one year | 40/41 | €49,641 | €75,863 | +€26,222 | +52.8% |
| Trade receivables | 40 | €26,794 | €24,914 | -€1,880 | -7.0% |
| Other amounts receivable | 41 | €22,847 | €50,949 | +€28,101 | +123% |
| Cash at bank and in hand | 54/58 | - | €13 | +€13 | |
| Deferred charges and accrued income | 490/1 | €781 | €807 | +€27 | +3.4% |
| Total equity and liabilities | 10/49 | €50,479 | €76,684 | +€26,204 | +51.9% |
| Equity | 10/15 | €12,431 | €25,974 | +€13,543 | +109% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €20,974 | +€20,974 | |
| Distributable reserves | 133 | - | €20,974 | +€20,974 | |
| Profit (loss) carried forward | 14 | €7,431 | - | -€7,431 | |
| Amounts payable | 17/49 | €38,048 | €50,710 | +€12,662 | +33.3% |
| Amounts payable within one year | 42/48 | €38,048 | €39,310 | +€1,262 | +3.3% |
| Financial debts | 43 | €3,766 | €13,789 | +€10,023 | +266% |
| Credit institutions | 430/8 | €3,766 | €3,989 | +€223 | +5.9% |
| Other loans | 439 | - | €9,800 | +€9,800 | |
| Trade debts | 44 | €5,563 | €966 | -€4,598 | -82.6% |
| Suppliers | 440/4 | €5,563 | €966 | -€4,598 | -82.6% |
| Taxes, remuneration and social security | 45 | €28,719 | €24,555 | -€4,164 | -14.5% |
| Taxes | 450/3 | €23,639 | €24,555 | +€916 | +3.9% |
| Remuneration and social security | 454/9 | €5,080 | - | -€5,080 | |
| Accrued charges and deferred income | 492/3 | - | €11,400 | +€11,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €57 | -€202 | -77.9% |
| Other operating charges | 640/8 | €1,786 | €827 | -€959 | -53.7% |
| Gross operating margin | 9900 | -€5,343 | €20,972 | +€26,316 | |
| Operating profit (loss) | 9901 | -€7,388 | €20,088 | +€27,476 | |
| Financial income | 75/76B | €794 | €2,023 | +€1,229 | +155% |
| Recurring financial income | 75 | €794 | €2,023 | +€1,229 | +155% |
| Financial charges | 65/66B | €3,273 | €2,835 | -€438 | -13.4% |
| Recurring financial charges | 65 | €3,273 | €2,835 | -€438 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,867 | €19,276 | +€29,143 | |
| Income taxes | 67/77 | €270 | €5,733 | +€5,463 | +2,022% |
| Profit (loss) for the period | 9904 | -€10,137 | €13,543 | +€23,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,137 | €13,543 | +€23,680 |
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 16 October 2026 via checked.be.