VANDENBUSSCHE ROB: 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.
VANDENBUSSCHE ROB
Largest movements
- Cash +€107,135
up €107,135 (+127%), from €84,032 to €191,166
mainly Other debts (+€56,555) and Depreciation (+€48,857)
- Tangible fixed assets -€34,703
down €34,703 (-35.9%), from €96,540 to €61,836
of which Furniture and vehicles: -€30,079
- Other debts +€56,555
up €56,555 (+138%), from €40,842 to €97,396
- Reserves +€32,166
up €32,166 (+22.8%), from €140,882 to €173,048
- Debts after one year -€17,250
no longer reported in 2025 (was €17,250)
- Tax, wage and social debts +€9,666
up €9,666 (+71.1%), from €13,599 to €23,265
of which Taxes: +€5,067
- Current portion of long-term debt -€5,750
down €5,750 (-25.0%), from €23,000 to €17,250
- Gross operating margin +€17,440
up €17,440 (+20.6%), from €84,495 to €101,935
- Depreciation +€9,521
up €9,521 (+24.2%), from €39,336 to €48,857
- Financial charges +€3,588
up €3,588 (+100%), from €3,577 to €7,164
- Taxes +€3,343
up €3,343 (+27.4%), from €12,201 to €15,544
- Financial income +€1,708
up €1,708 (+171%), from €1,000 to €2,708
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 | €259,694 | €333,132 | +€73,438 | +28.3% |
| Fixed assets | 21/28 | €106,675 | €71,971 | -€34,703 | -32.5% |
| Tangible fixed assets | 22/27 | €96,540 | €61,836 | -€34,703 | -35.9% |
| Land and buildings | 22 | €3,359 | €2,920 | -€440 | -13.1% |
| Plant, machinery and equipment | 23 | €17,375 | €13,190 | -€4,185 | -24.1% |
| Furniture and vehicles | 24 | €75,805 | €45,726 | -€30,079 | -39.7% |
| Financial fixed assets | 28 | €10,135 | €10,135 | = | 0.0% |
| Current assets | 29/58 | €153,020 | €261,161 | +€108,141 | +70.7% |
| Stocks and contracts in progress | 3 | €5,321 | €6,651 | +€1,330 | +25.0% |
| Stocks | 30/36 | €5,321 | €6,651 | +€1,330 | +25.0% |
| Amounts receivable within one year | 40/41 | €30,928 | €30,814 | -€114 | -0.4% |
| Trade receivables | 40 | €30,853 | €30,688 | -€164 | -0.5% |
| Other amounts receivable | 41 | €75 | €126 | +€50 | +66.6% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,032 | €191,166 | +€107,135 | +127% |
| Deferred charges and accrued income | 490/1 | €2,740 | €2,530 | -€210 | -7.6% |
| Total equity and liabilities | 10/49 | €259,694 | €333,132 | +€73,438 | +28.3% |
| Equity | 10/15 | €152,882 | €184,048 | +€31,166 | +20.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €140,882 | €173,048 | +€32,166 | +22.8% |
| Distributable reserves | 133 | €140,882 | €173,048 | +€32,166 | +22.8% |
| Investment grants | 15 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Amounts payable | 17/49 | €106,812 | €149,084 | +€42,271 | +39.6% |
| Amounts payable after more than one year | 17 | €17,250 | - | -€17,250 | |
| Financial debts | 170/4 | €17,250 | - | -€17,250 | |
| Amounts payable within one year | 42/48 | €89,475 | €149,084 | +€59,609 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €23,000 | €17,250 | -€5,750 | -25.0% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €3,034 | €2,172 | -€861 | -28.4% |
| Suppliers | 440/4 | €3,034 | €2,172 | -€861 | -28.4% |
| Taxes, remuneration and social security | 45 | €13,599 | €23,265 | +€9,666 | +71.1% |
| Taxes | 450/3 | €13,599 | €18,666 | +€5,067 | +37.3% |
| Remuneration and social security | 454/9 | - | €4,599 | +€4,599 | |
| Other amounts payable | 47/48 | €40,842 | €97,396 | +€56,555 | +138% |
| Accrued charges and deferred income | 492/3 | €88 | - | -€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,336 | €48,857 | +€9,521 | +24.2% |
| Other operating charges | 640/8 | €681 | €911 | +€230 | +33.7% |
| Gross operating margin | 9900 | €84,495 | €101,935 | +€17,440 | +20.6% |
| Operating profit (loss) | 9901 | €44,478 | €52,167 | +€7,689 | +17.3% |
| Financial income | 75/76B | €1,000 | €2,708 | +€1,708 | +171% |
| Recurring financial income | 75 | €1,000 | €2,708 | +€1,708 | +171% |
| Financial charges | 65/66B | €3,577 | €7,164 | +€3,588 | +100% |
| Recurring financial charges | 65 | €3,577 | €7,164 | +€3,588 | +100% |
| Profit (loss) for the period before taxes | 9903 | €41,902 | €47,711 | +€5,809 | +13.9% |
| Income taxes | 67/77 | €12,201 | €15,544 | +€3,343 | +27.4% |
| Profit (loss) for the period | 9904 | €29,700 | €32,166 | +€2,466 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,700 | €32,166 | +€2,466 | +8.3% |
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 29 October 2026 via checked.be.