VANDENSANDE: 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.
VANDENSANDE
Largest movements
- Tangible fixed assets -€15,313
down €15,313 (-9.6%), from €159,157 to €143,843
of which Furniture and vehicles: -€11,698
- Cash -€11,243
down €11,243 (-10.5%), from €106,617 to €95,374
mainly Debts after one year (-€17,851) and Receivables within one year (-€10,092)
- Receivables within one year +€10,092
up €10,092 (+21.5%), from €46,847 to €56,939
of which Trade receivables: +€9,584
- Debts after one year -€17,851
no longer reported in 2025 (was €17,851)
- Profit (loss) carried forward +€15,466
up €15,466 (+11.6%), from €132,955 to €148,422
- Trade debts -€8,000
down €8,000 (-33.7%), from €23,725 to €15,725
- Current portion of long-term debt -€5,081
down €5,081 (-21.6%), from €23,505 to €18,424
- Financial income -€3,234
down €3,234 (-48.3%), from €6,692 to €3,458
of which Non-recurring financial income: -€3,677
- Depreciation -€1,297
down €1,297 (-5.7%), from €22,807 to €21,510
- Gross operating margin +€502
up €502 (+1.1%), from €47,057 to €47,559
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 | €333,145 | €317,973 | -€15,172 | -4.6% |
| Fixed assets | 21/28 | €159,292 | €143,978 | -€15,313 | -9.6% |
| Tangible fixed assets | 22/27 | €159,157 | €143,843 | -€15,313 | -9.6% |
| Land and buildings | 22 | €116,180 | €108,750 | -€7,430 | -6.4% |
| Plant, machinery and equipment | 23 | €4,722 | €8,536 | +€3,814 | +80.8% |
| Furniture and vehicles | 24 | €38,255 | €26,557 | -€11,698 | -30.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €173,853 | €173,994 | +€141 | +0.1% |
| Stocks and contracts in progress | 3 | €19,078 | €20,265 | +€1,187 | +6.2% |
| Stocks | 30/36 | €19,078 | €20,265 | +€1,187 | +6.2% |
| Amounts receivable within one year | 40/41 | €46,847 | €56,939 | +€10,092 | +21.5% |
| Trade receivables | 40 | €41,393 | €50,978 | +€9,584 | +23.2% |
| Other amounts receivable | 41 | €5,454 | €5,962 | +€507 | +9.3% |
| Cash at bank and in hand | 54/58 | €106,617 | €95,374 | -€11,243 | -10.5% |
| Deferred charges and accrued income | 490/1 | €1,311 | €1,417 | +€106 | +8.1% |
| Total equity and liabilities | 10/49 | €333,145 | €317,973 | -€15,172 | -4.6% |
| Equity | 10/15 | €177,937 | €193,404 | +€15,466 | +8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €26,390 | €26,390 | = | 0.0% |
| Distributable reserves | 133 | €26,390 | €26,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,955 | €148,422 | +€15,466 | +11.6% |
| Amounts payable | 17/49 | €155,207 | €124,569 | -€30,638 | -19.7% |
| Amounts payable after more than one year | 17 | €17,851 | - | -€17,851 | |
| Financial debts | 170/4 | €17,851 | - | -€17,851 | |
| Amounts payable within one year | 42/48 | €137,357 | €124,569 | -€12,788 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €23,505 | €18,424 | -€5,081 | -21.6% |
| Trade debts | 44 | €23,725 | €15,725 | -€8,000 | -33.7% |
| Suppliers | 440/4 | €23,725 | €15,725 | -€8,000 | -33.7% |
| Advances received on contracts in progress | 46 | - | €70 | +€70 | |
| Taxes, remuneration and social security | 45 | €5,792 | €4,589 | -€1,203 | -20.8% |
| Taxes | 450/3 | €5,792 | €4,589 | -€1,203 | -20.8% |
| Other amounts payable | 47/48 | €84,335 | €85,761 | +€1,427 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,807 | €21,510 | -€1,297 | -5.7% |
| Other operating charges | 640/8 | €9,035 | €9,215 | +€180 | +2.0% |
| Gross operating margin | 9900 | €47,057 | €47,559 | +€502 | +1.1% |
| Operating profit (loss) | 9901 | €15,215 | €16,834 | +€1,619 | +10.6% |
| Financial income | 75/76B | €6,692 | €3,458 | -€3,234 | -48.3% |
| Recurring financial income | 75 | €2,997 | €3,440 | +€443 | +14.8% |
| Non-recurring financial income | 76B | €3,695 | €18 | -€3,677 | -99.5% |
| Financial charges | 65/66B | €864 | €583 | -€281 | -32.5% |
| Recurring financial charges | 65 | €864 | €583 | -€281 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €21,043 | €19,710 | -€1,334 | -6.3% |
| Income taxes | 67/77 | €4,512 | €4,243 | -€269 | -6.0% |
| Profit (loss) for the period | 9904 | €16,531 | €15,466 | -€1,065 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,531 | €15,466 | -€1,065 | -6.4% |
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 31 October 2026 via checked.be.