VANDENBERGHE CONCEPTS: 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.
What changed
VANDENBERGHE CONCEPTS
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€55,825
2024 · €42,240+€13,585
Equity
€680,018
2024 · €664,194+€15,825
Cash
€4,289
2024 · €5,116-€827
Balance sheet total
€723,592
2024 · €712,696+€10,896
Largest movements
Assets
- Tangible fixed assets +€24,194
up €24,194 (+23.0%), from €105,263 to €129,457
of which Land and buildings: +€26,090
- Receivables within one year -€12,570
down €12,570 (-2.1%), from €596,223 to €583,653
of which Other amounts receivable: -€33,380
Equity and liabilities
- Reserves +€15,825
up €15,825 (+9.7%), from €162,536 to €178,361
of which Distributable reserves: +€17,406
Income statement
- Gross operating margin +€9,200
up €9,200 (+13.9%), from €66,413 to €75,612
- Depreciation -€3,541
down €3,541 (-17.0%), from €20,774 to €17,232
- Other operating charges -€1,785
down €1,785 (-16.0%), from €11,153 to €9,368
- Write-downs +€825
up €825 (+93.8%), from -€879 to -€55
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.
Result 2024
€42,240
Gross operating margin
+€9,200
Depreciation
+€3,541
Write-downs
-€825
Other operating charges
+€1,785
Financial income
+€344
Financial charges
-€33
Taxes
+€420
Deferred taxes and other
-€848
Result 2025
€55,825
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€80,599
Investment
-€41,426
Financing
-€40,000
Cash 2024
€5,116
From operations (derived)
+€80,599
Net result for the year
+€55,825
Depreciation
+€17,232
Receivables within one year
+€12,570
Deferred charges and accrued income
-€99
Provisions
-€527
Trade debts
-€1,569
Tax, wage and social debts
-€4,002
Other debts
+€3,500
Accrued charges and deferred income
-€2,331
Investment (derived)
-€41,426
Investment in fixed assets (net)
-€41,426
Financing
-€40,000
Contributions, distributions and other
-€40,000
Cash 2025
€4,289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €712,696 | €723,592 | +€10,896 | +1.5% |
| Fixed assets | 21/28 | €109,088 | €133,282 | +€24,194 | +22.2% |
| Tangible fixed assets | 22/27 | €105,263 | €129,457 | +€24,194 | +23.0% |
| Land and buildings | 22 | €91,675 | €117,765 | +€26,090 | +28.5% |
| Plant, machinery and equipment | 23 | €13,589 | €11,692 | -€1,896 | -14.0% |
| Financial fixed assets | 28 | €3,825 | €3,825 | = | 0.0% |
| Current assets | 29/58 | €603,608 | €590,310 | -€13,298 | -2.2% |
| Amounts receivable within one year | 40/41 | €596,223 | €583,653 | -€12,570 | -2.1% |
| Trade receivables | 40 | €7,190 | €28,000 | +€20,810 | +289% |
| Other amounts receivable | 41 | €589,033 | €555,653 | -€33,380 | -5.7% |
| Cash at bank and in hand | 54/58 | €5,116 | €4,289 | -€827 | -16.2% |
| Deferred charges and accrued income | 490/1 | €2,270 | €2,368 | +€99 | +4.3% |
| Total equity and liabilities | 10/49 | €712,696 | €723,592 | +€10,896 | +1.5% |
| Equity | 10/15 | €664,194 | €680,018 | +€15,825 | +2.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €162,536 | €178,361 | +€15,825 | +9.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €62,640 | €61,059 | -€1,581 | -2.5% |
| Distributable reserves | 133 | €99,896 | €117,302 | +€17,406 | +17.4% |
| Profit (loss) carried forward | 14 | €440,158 | €440,158 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,174 | €647 | -€527 | -44.9% |
| Deferred taxes | 168 | €1,174 | €647 | -€527 | -44.9% |
| Amounts payable | 17/49 | €47,328 | €42,926 | -€4,402 | -9.3% |
| Amounts payable within one year | 42/48 | €42,351 | €40,280 | -€2,071 | -4.9% |
| Trade debts | 44 | €1,569 | €0 | -€1,569 | -100% |
| Suppliers | 440/4 | €1,569 | €0 | -€1,569 | -100% |
| Taxes, remuneration and social security | 45 | €4,282 | €280 | -€4,002 | -93.5% |
| Taxes | 450/3 | €4,282 | €280 | -€4,002 | -93.5% |
| Other amounts payable | 47/48 | €36,500 | €40,000 | +€3,500 | +9.6% |
| Accrued charges and deferred income | 492/3 | €4,977 | €2,646 | -€2,331 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,774 | €17,232 | -€3,541 | -17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€879 | -€55 | +€825 | +93.8% |
| Other operating charges | 640/8 | €11,153 | €9,368 | -€1,785 | -16.0% |
| Gross operating margin | 9900 | €66,413 | €75,612 | +€9,200 | +13.9% |
| Operating profit (loss) | 9901 | €35,365 | €49,066 | +€13,702 | +38.7% |
| Financial income | 75/76B | €9,750 | €10,095 | +€344 | +3.5% |
| Recurring financial income | 75 | €9,750 | €10,095 | +€344 | +3.5% |
| Financial charges | 65/66B | €188 | €221 | +€33 | +17.7% |
| Recurring financial charges | 65 | €188 | €221 | +€33 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €44,927 | €58,940 | +€14,013 | +31.2% |
| Transfer from deferred taxes | 780 | €1,375 | €527 | -€848 | -61.7% |
| Income taxes | 67/77 | €4,062 | €3,642 | -€420 | -10.3% |
| Profit (loss) for the period | 9904 | €42,240 | €55,825 | +€13,585 | +32.2% |
| Transfer from tax-exempt reserves | 789 | €4,125 | €1,581 | -€2,544 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,365 | €57,406 | +€11,041 | +23.8% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.