Vandenberghe B. & J.: 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.
Vandenberghe B. & J.
Largest movements
- Tangible fixed assets -€13,487
down €13,487 (-9.0%), from €149,678 to €136,191
of which Land and buildings: -€13,031
- Receivables within one year -€12,327
down €12,327 (-4.9%), from €251,253 to €238,926
of which Other amounts receivable: -€30,225
- Trade debts -€25,895
down €25,895 (-17.7%), from €146,452 to €120,557
- Reserves +€6,557
up €6,557 (+10.1%), from €64,716 to €71,273
- Tax, wage and social debts -€4,169
down €4,169 (-34.3%), from €12,169 to €8,000
of which Remuneration and social security: -€8,016
- Depreciation -€4,779
down €4,779 (-26.2%), from €18,266 to €13,487
- Gross operating margin +€4,706
up €4,706 (+17.2%), from €27,422 to €32,128
- Other operating charges +€2,181
new in 2025: €2,181
- Taxes +€1,017
new in 2025: €1,017
- Financial charges -€495
down €495 (-5.6%), from €8,769 to €8,274
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 | €405,077 | €379,349 | -€25,728 | -6.4% |
| Fixed assets | 21/28 | €149,864 | €136,191 | -€13,673 | -9.1% |
| Tangible fixed assets | 22/27 | €149,678 | €136,191 | -€13,487 | -9.0% |
| Land and buildings | 22 | €148,223 | €135,192 | -€13,031 | -8.8% |
| Furniture and vehicles | 24 | €1,455 | €999 | -€456 | -31.3% |
| Financial fixed assets | 28 | €186 | - | -€186 | |
| Current assets | 29/58 | €255,213 | €243,158 | -€12,055 | -4.7% |
| Amounts receivable within one year | 40/41 | €251,253 | €238,926 | -€12,327 | -4.9% |
| Trade receivables | 40 | €202,968 | €220,866 | +€17,898 | +8.8% |
| Other amounts receivable | 41 | €48,285 | €18,060 | -€30,225 | -62.6% |
| Current investments | 50/53 | €89 | - | -€89 | |
| Cash at bank and in hand | 54/58 | €3,731 | €3,731 | +€0 | 0.0% |
| Deferred charges and accrued income | 490/1 | €140 | €501 | +€361 | +258% |
| Total equity and liabilities | 10/49 | €405,077 | €379,349 | -€25,728 | -6.4% |
| Equity | 10/15 | €113,682 | €120,852 | +€7,170 | +6.3% |
| Contributions | 10/11 | €49,579 | €49,579 | -€0 | 0.0% |
| Reserves | 13 | €64,716 | €71,273 | +€6,557 | +10.1% |
| Distributable reserves | 133 | €64,716 | €71,273 | +€6,557 | +10.1% |
| Profit (loss) carried forward | 14 | -€613 | - | +€613 | |
| Amounts payable | 17/49 | €291,395 | €258,497 | -€32,898 | -11.3% |
| Amounts payable after more than one year | 17 | €43,116 | €39,384 | -€3,732 | -8.7% |
| Financial debts | 170/4 | €43,116 | €39,384 | -€3,732 | -8.7% |
| Amounts payable within one year | 42/48 | €248,279 | €219,113 | -€29,166 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €15,009 | €15,651 | +€642 | +4.3% |
| Financial debts | 43 | €74,649 | €70,906 | -€3,743 | -5.0% |
| Credit institutions | 430/8 | €74,649 | €70,906 | -€3,743 | -5.0% |
| Trade debts | 44 | €146,452 | €120,557 | -€25,895 | -17.7% |
| Suppliers | 440/4 | €146,452 | €120,557 | -€25,895 | -17.7% |
| Taxes, remuneration and social security | 45 | €12,169 | €8,000 | -€4,169 | -34.3% |
| Taxes | 450/3 | €4,153 | €8,000 | +€3,847 | +92.6% |
| Remuneration and social security | 454/9 | €8,016 | - | -€8,016 | |
| Other amounts payable | 47/48 | - | €3,999 | +€3,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,266 | €13,487 | -€4,779 | -26.2% |
| Other operating charges | 640/8 | - | €2,181 | +€2,181 | |
| Gross operating margin | 9900 | €27,422 | €32,128 | +€4,706 | +17.2% |
| Operating profit (loss) | 9901 | €9,156 | €16,460 | +€7,304 | +79.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,769 | €8,274 | -€495 | -5.6% |
| Recurring financial charges | 65 | €8,769 | €8,274 | -€495 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €387 | €8,186 | +€7,799 | +2,015% |
| Income taxes | 67/77 | - | €1,017 | +€1,017 | |
| Profit (loss) for the period | 9904 | €387 | €7,170 | +€6,783 | +1,753% |
| Profit (loss) for the period to be appropriated | 9905 | €387 | €7,170 | +€6,783 | +1,753% |
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 28 October 2026 via checked.be.