VANDENBERGHE TOITURES: what changed
VANDENBERGHE TOITURES
Largest movements
- Tangible fixed assets -€71,134
down €71,134 (-27.0%), from €263,925 to €192,791
of which Leasing and similar rights: -€53,730
- Stocks and contracts +€8,917
up €8,917 (+20.8%), from €42,972 to €51,889
of which Contracts in progress: +€16,268
- Cash +€6,071
up €6,071 (+116%), from €5,252 to €11,323
mainly Depreciation (+€74,752) and Tax, wage and social debts (+€15,108)
- Receivables within one year +€3,619
up €3,619 (+14.8%), from €24,462 to €28,081
of which Other amounts receivable: +€4,958
- Debts after one year -€37,654
down €37,654 (-18.0%), from €208,904 to €171,250
of which Financial debts: -€37,654
- Profit (loss) carried forward -€15,779
down €15,779 (-35.0%), from -€45,101 to -€60,880
- Tax, wage and social debts +€15,108
up €15,108 (+68.6%), from €22,021 to €37,129
of which Remuneration and social security: +€18,000
- Short-term financial debts -€12,187
down €12,187 (-100%), from €12,187 to €0
- Trade debts -€7,172
down €7,172 (-35.7%), from €20,074 to €12,902
- Gross operating margin +€67,009
up €67,009, from -€4,759 to €62,250
- Financial charges -€7,412
down €7,412 (-77.8%), from €9,530 to €2,118
of which Non-recurring financial charges: -€6,950
- Financial income +€1,080
up €1,080 (+1,867%), from €58 to €1,138
of which Financial income: +€1,080
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,857 | €296,611 | -€51,246 | -14.7% |
| Fixed assets | 21/28 | €264,280 | €193,146 | -€71,134 | -26.9% |
| Tangible fixed assets | 22/27 | €263,925 | €192,791 | -€71,134 | -27.0% |
| Land and buildings | 22 | €3,938 | €0 | -€3,938 | -100% |
| Plant, machinery and equipment | 23 | €11,672 | €8,464 | -€3,207 | -27.5% |
| Furniture and vehicles | 24 | €20,258 | €10,000 | -€10,258 | -50.6% |
| Leasing and similar rights | 25 | €228,057 | €174,327 | -€53,730 | -23.6% |
| Financial fixed assets | 28 | €355 | €355 | = | 0.0% |
| Current assets | 29/58 | €83,577 | €103,464 | +€19,887 | +23.8% |
| Stocks and contracts in progress | 3 | €42,972 | €51,889 | +€8,917 | +20.8% |
| Stocks | 30/36 | €42,972 | €35,621 | -€7,351 | -17.1% |
| Contracts in progress | 37 | - | €16,268 | +€16,268 | |
| Amounts receivable within one year | 40/41 | €24,462 | €28,081 | +€3,619 | +14.8% |
| Trade receivables | 40 | €17,466 | €16,127 | -€1,339 | -7.7% |
| Other amounts receivable | 41 | €6,996 | €11,954 | +€4,958 | +70.9% |
| Cash at bank and in hand | 54/58 | €5,252 | €11,323 | +€6,071 | +116% |
| Deferred charges and accrued income | 490/1 | €10,892 | €12,172 | +€1,280 | +11.7% |
| Total equity and liabilities | 10/49 | €347,857 | €296,611 | -€51,246 | -14.7% |
| Equity | 10/15 | €47,031 | €31,252 | -€15,779 | -33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,532 | €73,532 | = | 0.0% |
| Distributable reserves | 133 | €73,532 | €73,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,101 | -€60,880 | -€15,779 | -35.0% |
| Amounts payable | 17/49 | €300,826 | €265,358 | -€35,468 | -11.8% |
| Amounts payable after more than one year | 17 | €208,904 | €171,250 | -€37,654 | -18.0% |
| Financial debts | 170/4 | €127,904 | €90,250 | -€37,654 | -29.4% |
| Other amounts payable | 178/9 | €81,000 | €81,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,922 | €94,109 | +€2,187 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €37,325 | €37,654 | +€330 | +0.9% |
| Financial debts | 43 | €12,187 | €0 | -€12,187 | -100% |
| Credit institutions | 430/8 | €12,187 | €0 | -€12,187 | -100% |
| Trade debts | 44 | €20,074 | €12,902 | -€7,172 | -35.7% |
| Suppliers | 440/4 | €20,074 | €12,902 | -€7,172 | -35.7% |
| Taxes, remuneration and social security | 45 | €22,021 | €37,129 | +€15,108 | +68.6% |
| Taxes | 450/3 | €5,615 | €2,723 | -€2,892 | -51.5% |
| Remuneration and social security | 454/9 | €16,406 | €34,406 | +€18,000 | +110% |
| Other amounts payable | 47/48 | €315 | €6,423 | +€6,108 | +1,939% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,775 | €74,752 | -€23 | 0.0% |
| Other operating charges | 640/8 | €1,988 | €2,296 | +€308 | +15.5% |
| Gross operating margin | 9900 | -€4,759 | €62,250 | +€67,009 | |
| Operating profit (loss) | 9901 | -€81,522 | -€14,799 | +€66,723 | +81.8% |
| Financial income | 75/76B | €58 | €1,138 | +€1,080 | +1,867% |
| Recurring financial income | 75 | €58 | €1,138 | +€1,080 | +1,867% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,530 | €2,118 | -€7,412 | -77.8% |
| Recurring financial charges | 65 | €2,580 | €2,118 | -€462 | -17.9% |
| Non-recurring financial charges | 66B | €6,950 | €0 | -€6,950 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€90,995 | -€15,779 | +€75,216 | +82.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€90,995 | -€15,779 | +€75,216 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,995 | -€15,779 | +€75,216 | +82.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.