VANDENBERGHE: what changed
Two fiscal 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.
VANDENBERGHE
Largest movements
- Receivables within one year +€1,066
up €1,066 (+2.7%), from €39,688 to €40,754
- Tax, wage and social debts +€2,176
up €2,176 (+20.1%), from €10,830 to €13,006
- Gross operating margin +€10,030
up €10,030 (+12.9%), from €77,886 to €87,916
- Taxes +€2,100
up €2,100 (+12.0%), from €17,545 to €19,645
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.
Cash bridge derived
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 | €96,705 | €98,178 | +€1,473 | +1.5% |
| Fixed assets | 21/28 | €1,037 | €587 | -€449 | -43.3% |
| Tangible fixed assets | 22/27 | €1,037 | €587 | -€449 | -43.3% |
| Land and buildings | 22 | €856 | €587 | -€269 | -31.4% |
| Furniture and vehicles | 24 | €181 | - | -€181 | |
| Current assets | 29/58 | €95,669 | €97,591 | +€1,922 | +2.0% |
| Amounts receivable within one year | 40/41 | €39,688 | €40,754 | +€1,066 | +2.7% |
| Trade receivables | 40 | €39,688 | €40,754 | +€1,066 | +2.7% |
| Cash at bank and in hand | 54/58 | €55,788 | €56,640 | +€852 | +1.5% |
| Deferred charges and accrued income | 490/1 | €193 | €197 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €96,705 | €98,178 | +€1,473 | +1.5% |
| Equity | 10/15 | €28,107 | €28,090 | -€17 | -0.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €607 | €590 | -€17 | -2.7% |
| Amounts payable | 17/49 | €68,599 | €70,088 | +€1,489 | +2.2% |
| Amounts payable within one year | 42/48 | €68,599 | €70,088 | +€1,489 | +2.2% |
| Trade debts | 44 | €1,621 | €1,464 | -€158 | -9.7% |
| Suppliers | 440/4 | €1,621 | €1,464 | -€158 | -9.7% |
| Taxes, remuneration and social security | 45 | €10,830 | €13,006 | +€2,176 | +20.1% |
| Taxes | 450/3 | €10,830 | €13,006 | +€2,176 | +20.1% |
| Other amounts payable | 47/48 | €56,147 | €55,618 | -€529 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €449 | -€58 | -11.4% |
| Other operating charges | 640/8 | €881 | €775 | -€106 | -12.0% |
| Gross operating margin | 9900 | €77,886 | €87,916 | +€10,030 | +12.9% |
| Operating profit (loss) | 9901 | €76,497 | €86,691 | +€10,194 | +13.3% |
| Financial income | 75/76B | €0 | €12 | +€12 | +57750.0% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +57750.0% |
| Financial charges | 65/66B | €69 | €75 | +€5 | +7.9% |
| Recurring financial charges | 65 | €69 | €75 | +€5 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €76,428 | €86,628 | +€10,200 | +13.3% |
| Income taxes | 67/77 | €17,545 | €19,645 | +€2,100 | +12.0% |
| Profit (loss) for the period | 9904 | €58,883 | €66,983 | +€8,100 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,883 | €66,983 | +€8,100 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.