VANDENBERGHE JOHAN: 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 JOHAN
Largest movements
- Tangible fixed assets -€20,964
down €20,964 (-16.4%), from €127,980 to €107,016
of which Leasing and similar rights: -€26,400
- Cash +€15,489
up €15,489 (+10.7%), from €145,188 to €160,677
mainly Depreciation (+€48,251) and Net result for the year (+€39,560)
- Receivables within one year +€7,646
up €7,646 (+43.9%), from €17,414 to €25,060
of which Trade receivables: +€7,646
- Debts after one year -€30,689
down €30,689 (-51.1%), from €60,016 to €29,327
- Reserves +€22,716
up €22,716 (+16.6%), from €137,132 to €159,847
of which Distributable reserves: +€22,716
- Other debts +€10,058
up €10,058 (+200%), from €5,031 to €15,090
- Tax, wage and social debts +€9,454
up €9,454 (+336%), from €2,817 to €12,271
of which Taxes: +€6,574
- Trade debts -€7,598
down €7,598 (-26.4%), from €28,816 to €21,218
- Gross operating margin +€15,273
up €15,273 (+16.4%), from €93,313 to €108,586
- Depreciation -€11,049
down €11,049 (-18.6%), from €59,300 to €48,251
- Taxes +€7,444
up €7,444 (+99.2%), from €7,500 to €14,944
- Financial charges -€1,834
down €1,834 (-26.9%), from €6,821 to €4,987
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 | €294,823 | €296,687 | +€1,864 | +0.6% |
| Fixed assets | 21/28 | €127,980 | €107,016 | -€20,964 | -16.4% |
| Tangible fixed assets | 22/27 | €127,980 | €107,016 | -€20,964 | -16.4% |
| Furniture and vehicles | 24 | €49,503 | €54,939 | +€5,436 | +11.0% |
| Leasing and similar rights | 25 | €78,477 | €52,077 | -€26,400 | -33.6% |
| Current assets | 29/58 | €166,843 | €189,671 | +€22,828 | +13.7% |
| Amounts receivable within one year | 40/41 | €17,414 | €25,060 | +€7,646 | +43.9% |
| Trade receivables | 40 | €17,279 | €24,925 | +€7,646 | +44.2% |
| Other amounts receivable | 41 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €145,188 | €160,677 | +€15,489 | +10.7% |
| Deferred charges and accrued income | 490/1 | €4,241 | €3,934 | -€307 | -7.2% |
| Total equity and liabilities | 10/49 | €294,823 | €296,687 | +€1,864 | +0.6% |
| Equity | 10/15 | €164,356 | €187,072 | +€22,716 | +13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €137,132 | €159,847 | +€22,716 | +16.6% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €131,132 | €153,847 | +€22,716 | +17.3% |
| Profit (loss) carried forward | 14 | €14,825 | €14,825 | = | 0.0% |
| Amounts payable | 17/49 | €130,467 | €109,615 | -€20,852 | -16.0% |
| Amounts payable after more than one year | 17 | €60,016 | €29,327 | -€30,689 | -51.1% |
| Financial debts | 170/4 | €60,016 | €29,327 | -€30,689 | -51.1% |
| Amounts payable within one year | 42/48 | €70,451 | €80,288 | +€9,837 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €33,787 | €31,709 | -€2,077 | -6.1% |
| Trade debts | 44 | €28,816 | €21,218 | -€7,598 | -26.4% |
| Suppliers | 440/4 | €28,816 | €21,218 | -€7,598 | -26.4% |
| Taxes, remuneration and social security | 45 | €2,817 | €12,271 | +€9,454 | +336% |
| Taxes | 450/3 | €2,817 | €9,391 | +€6,574 | +233% |
| Remuneration and social security | 454/9 | - | €2,880 | +€2,880 | |
| Other amounts payable | 47/48 | €5,031 | €15,090 | +€10,058 | +200% |
| Non-recurring operating income | 76A | €0 | €7,442 | +€7,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,300 | €48,251 | -€11,049 | -18.6% |
| Other operating charges | 640/8 | €1,883 | €845 | -€1,038 | -55.1% |
| Gross operating margin | 9900 | €93,313 | €108,586 | +€15,273 | +16.4% |
| Operating profit (loss) | 9901 | €32,130 | €59,490 | +€27,360 | +85.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -34.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -34.8% |
| Financial charges | 65/66B | €6,821 | €4,987 | -€1,834 | -26.9% |
| Recurring financial charges | 65 | €6,821 | €4,987 | -€1,834 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €25,310 | €54,503 | +€29,194 | +115% |
| Income taxes | 67/77 | €7,500 | €14,944 | +€7,444 | +99.2% |
| Profit (loss) for the period | 9904 | €17,810 | €39,560 | +€21,750 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €17,810 | €39,560 | +€21,750 | +122% |
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 15 October 2026 via checked.be.