VANDENBUSSCHE: 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
VANDENBUSSCHE
NACE 43.221, Plumbing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€304,067
2024 · -€616-€303,452
Equity
-€158,016
2024 · €146,051-€304,067
Cash
€657
2024 · €155+€501
Balance sheet total
€213,332
2024 · €492,728-€279,395
Largest movements
Assets
- Stocks and contracts -€235,000
down €235,000 (-86.4%), from €272,000 to €37,000
- Tangible fixed assets -€40,652
down €40,652 (-30.5%), from €133,289 to €92,637
of which Land and buildings: -€36,046
Equity and liabilities
- Profit (loss) carried forward -€304,067
down €304,067, from €2,219 to -€301,848
- Trade debts +€20,601
up €20,601 (+60.7%), from €33,943 to €54,545
- Debts after one year -€10,000
down €10,000 (-48.0%), from €20,833 to €10,833
- Short-term financial debts +€7,932
new in 2025: €7,932
- Other debts +€6,586
up €6,586 (+2.4%), from €279,815 to €286,401
Income statement
- Gross operating margin -€298,516
down €298,516, from €111,300 to -€187,217
- Staff costs +€7,415
up €7,415 (+12.3%), from €60,429 to €67,844
- Taxes -€2,087
down €2,087 (-100%), from €2,087 to €0
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
-€616
Gross operating margin
-€298,516
Staff costs
-€7,415
Depreciation
-€170
Other operating charges
+€824
Financial income
-€32
Financial charges
-€231
Taxes
+€2,087
Result 2025
-€304,067
raises the resultlowers the result
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
+€4,444
Investment
-€1,875
Financing
-€2,068
Cash 2024
€155
From operations (derived)
+€4,444
Net result for the year
-€304,067
Depreciation
+€43,180
Stocks and contracts
+€235,000
Receivables within one year
+€1,483
Deferred charges and accrued income
+€2,108
Trade debts
+€20,601
Tax, wage and social debts
+€462
Other debts
+€6,586
Accrued charges and deferred income
-€910
Investment (derived)
-€1,875
Investment in fixed assets (net)
-€2,528
Current investments
+€654
Financing
-€2,068
Debts after one year
-€10,000
Short-term financial debts
+€7,932
Cash 2025
€657
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €492,728 | €213,332 | -€279,395 | -56.7% |
| Fixed assets | 21/28 | €159,706 | €119,055 | -€40,652 | -25.5% |
| Tangible fixed assets | 22/27 | €133,289 | €92,637 | -€40,652 | -30.5% |
| Land and buildings | 22 | €121,644 | €85,598 | -€36,046 | -29.6% |
| Plant, machinery and equipment | 23 | €2,750 | €3,491 | +€741 | +26.9% |
| Furniture and vehicles | 24 | €8,894 | €3,548 | -€5,347 | -60.1% |
| Financial fixed assets | 28 | €26,417 | €26,417 | = | 0.0% |
| Current assets | 29/58 | €333,021 | €94,278 | -€238,744 | -71.7% |
| Stocks and contracts in progress | 3 | €272,000 | €37,000 | -€235,000 | -86.4% |
| Stocks | 30/36 | €272,000 | €37,000 | -€235,000 | -86.4% |
| Amounts receivable within one year | 40/41 | €55,112 | €53,629 | -€1,483 | -2.7% |
| Trade receivables | 40 | €50,373 | €45,942 | -€4,430 | -8.8% |
| Other amounts receivable | 41 | €4,739 | €7,687 | +€2,947 | +62.2% |
| Current investments | 50/53 | €654 | - | -€654 | |
| Cash at bank and in hand | 54/58 | €155 | €657 | +€501 | +323% |
| Deferred charges and accrued income | 490/1 | €5,100 | €2,992 | -€2,108 | -41.3% |
| Total equity and liabilities | 10/49 | €492,728 | €213,332 | -€279,395 | -56.7% |
| Equity | 10/15 | €146,051 | -€158,016 | -€304,067 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,232 | €125,232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €24,708 | €24,708 | = | 0.0% |
| Distributable reserves | 133 | €100,524 | €100,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,219 | -€301,848 | -€304,067 | |
| Amounts payable | 17/49 | €346,676 | €371,349 | +€24,672 | +7.1% |
| Amounts payable after more than one year | 17 | €20,833 | €10,833 | -€10,000 | -48.0% |
| Financial debts | 170/4 | €20,833 | €10,833 | -€10,000 | -48.0% |
| Amounts payable within one year | 42/48 | €324,934 | €360,516 | +€35,582 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 43 | - | €7,932 | +€7,932 | |
| Credit institutions | 430/8 | - | €7,932 | +€7,932 | |
| Trade debts | 44 | €33,943 | €54,545 | +€20,601 | +60.7% |
| Suppliers | 440/4 | €33,943 | €54,545 | +€20,601 | +60.7% |
| Taxes, remuneration and social security | 45 | €1,175 | €1,638 | +€462 | +39.3% |
| Taxes | 450/3 | €0 | €1,543 | +€1,543 | |
| Remuneration and social security | 454/9 | €1,175 | €95 | -€1,080 | -91.9% |
| Other amounts payable | 47/48 | €279,815 | €286,401 | +€6,586 | +2.4% |
| Accrued charges and deferred income | 492/3 | €910 | €0 | -€910 | -100% |
| Non-recurring operating income | 76A | €2,000 | €10,000 | +€8,000 | +400% |
| Remuneration, social security and pensions | 62 | €60,429 | €67,844 | +€7,415 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,010 | €43,180 | +€170 | +0.4% |
| Other operating charges | 640/8 | €4,069 | €3,245 | -€824 | -20.3% |
| Gross operating margin | 9900 | €111,300 | -€187,217 | -€298,516 | |
| Operating profit (loss) | 9901 | €3,791 | -€301,485 | -€305,276 | |
| Financial income | 75/76B | €427 | €395 | -€32 | -7.5% |
| Recurring financial income | 75 | €427 | €395 | -€32 | -7.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,747 | €2,978 | +€231 | +8.4% |
| Recurring financial charges | 65 | €2,747 | €2,978 | +€231 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €1,472 | -€304,067 | -€305,539 | |
| Income taxes | 67/77 | €2,087 | €0 | -€2,087 | -100% |
| Profit (loss) for the period | 9904 | -€616 | -€304,067 | -€303,452 | -49,286% |
| Profit (loss) for the period to be appropriated | 9905 | -€616 | -€304,067 | -€303,452 | -49,286% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.