VANDENBUSSCHE SOFTWARE: 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 SOFTWARE
Largest movements
- Tangible fixed assets +€30,710
up €30,710 (+142%), from €21,675 to €52,386
of which Furniture and vehicles: +€32,559
- Receivables within one year -€16,459
down €16,459 (-10.7%), from €154,482 to €138,023
of which Trade receivables: -€16,560
- Cash +€8,648
up €8,648 (+2.6%), from €338,512 to €347,160
mainly Other debts (+€123,181) and Net result for the year (+€115,307)
- Other debts +€123,181
up €123,181 (+49.5%), from €248,983 to €372,164
- Reserves -€94,693
down €94,693 (-49.0%), from €193,136 to €98,444
- Trade debts -€7,439
down €7,439 (-38.2%), from €19,495 to €12,056
- Gross operating margin -€69,890
down €69,890 (-13.3%), from €524,122 to €454,232
- Other operating charges -€18,637
down €18,637 (-96.9%), from €19,231 to €594
- Taxes -€15,167
down €15,167 (-25.1%), from €60,315 to €45,148
- Financial charges -€9,018
down €9,018 (-72.6%), from €12,427 to €3,410
- Depreciation +€7,565
up €7,565 (+133%), from €5,695 to €13,260
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 | €538,736 | €557,630 | +€18,894 | +3.5% |
| Fixed assets | 21/28 | €29,342 | €58,386 | +€29,044 | +99.0% |
| Intangible fixed assets | 21 | €1,667 | €0 | -€1,667 | -100% |
| Tangible fixed assets | 22/27 | €21,675 | €52,386 | +€30,710 | +142% |
| Plant, machinery and equipment | 23 | €16,411 | €14,563 | -€1,848 | -11.3% |
| Furniture and vehicles | 24 | €5,264 | €37,823 | +€32,559 | +618% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €509,394 | €499,245 | -€10,150 | -2.0% |
| Amounts receivable within one year | 40/41 | €154,482 | €138,023 | -€16,459 | -10.7% |
| Trade receivables | 40 | €152,351 | €135,791 | -€16,560 | -10.9% |
| Other amounts receivable | 41 | €2,131 | €2,232 | +€101 | +4.7% |
| Cash at bank and in hand | 54/58 | €338,512 | €347,160 | +€8,648 | +2.6% |
| Deferred charges and accrued income | 490/1 | €16,401 | €14,061 | -€2,339 | -14.3% |
| Total equity and liabilities | 10/49 | €538,736 | €557,630 | +€18,894 | +3.5% |
| Equity | 10/15 | €213,136 | €118,444 | -€94,693 | -44.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €193,136 | €98,444 | -€94,693 | -49.0% |
| Distributable reserves | 133 | €193,136 | €98,444 | -€94,693 | -49.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €325,600 | €439,186 | +€113,587 | +34.9% |
| Amounts payable within one year | 42/48 | €321,030 | €434,686 | +€113,656 | +35.4% |
| Trade debts | 44 | €19,495 | €12,056 | -€7,439 | -38.2% |
| Suppliers | 440/4 | €19,495 | €12,056 | -€7,439 | -38.2% |
| Taxes, remuneration and social security | 45 | €52,552 | €50,466 | -€2,086 | -4.0% |
| Taxes | 450/3 | €20,336 | €17,181 | -€3,155 | -15.5% |
| Remuneration and social security | 454/9 | €32,216 | €33,285 | +€1,069 | +3.3% |
| Other amounts payable | 47/48 | €248,983 | €372,164 | +€123,181 | +49.5% |
| Accrued charges and deferred income | 492/3 | €4,569 | €4,500 | -€69 | -1.5% |
| Remuneration, social security and pensions | 62 | €270,784 | €276,764 | +€5,980 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,695 | €13,260 | +€7,565 | +133% |
| Other operating charges | 640/8 | €19,231 | €594 | -€18,637 | -96.9% |
| Gross operating margin | 9900 | €524,122 | €454,232 | -€69,890 | -13.3% |
| Operating profit (loss) | 9901 | €228,412 | €163,615 | -€64,798 | -28.4% |
| Financial income | 75/76B | €359 | €250 | -€109 | -30.4% |
| Recurring financial income | 75 | €359 | €250 | -€109 | -30.4% |
| Financial charges | 65/66B | €12,427 | €3,410 | -€9,018 | -72.6% |
| Recurring financial charges | 65 | €12,427 | €3,410 | -€9,018 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €216,344 | €160,455 | -€55,889 | -25.8% |
| Income taxes | 67/77 | €60,315 | €45,148 | -€15,167 | -25.1% |
| Profit (loss) for the period | 9904 | €156,030 | €115,307 | -€40,722 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €156,030 | €115,307 | -€40,722 | -26.1% |
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.