VANDER: what changed
Two fiscal 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.
VANDER
Largest movements
- Cash -€17,930
down €17,930 (-79.1%), from €22,670 to €4,739
mainly Receivables within one year (-€16,092) and Net result for the year (-€2,180)
- Receivables within one year +€16,092
up €16,092 (+1758.3%), from €915 to €17,007
- Profit (loss) carried forward -€2,180
down €2,180 (-142.4%), from -€1,531 to -€3,710
- Trade debts +€400
new in 2025: €400
- Gross operating margin -€687
down €687 (-53.2%), from -€1,291 to -€1,978
- Financial income +€48
up €48 (+11.6%), from €410 to €458
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.
Cash bridge derived
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 | €23,585 | €21,747 | -€1,838 | -7.8% |
| Current assets | 29/58 | €23,585 | €21,747 | -€1,838 | -7.8% |
| Amounts receivable within one year | 40/41 | €915 | €17,007 | +€16,092 | +1758.3% |
| Other amounts receivable | 41 | €915 | €17,007 | +€16,092 | +1758.3% |
| Cash at bank and in hand | 54/58 | €22,670 | €4,739 | -€17,930 | -79.1% |
| Total equity and liabilities | 10/49 | €23,585 | €21,747 | -€1,838 | -7.8% |
| Equity | 10/15 | €23,527 | €21,347 | -€2,180 | -9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,458 | €6,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,598 | €4,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,531 | -€3,710 | -€2,180 | -142.4% |
| Amounts payable | 17/49 | €58 | €400 | +€342 | +589.0% |
| Amounts payable within one year | 42/48 | €58 | €400 | +€342 | +589.0% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €58 | - | -€58 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,291 | -€1,978 | -€687 | -53.2% |
| Operating profit (loss) | 9901 | -€1,797 | -€2,498 | -€701 | -39.0% |
| Financial income | 75/76B | €410 | €458 | +€48 | +11.6% |
| Recurring financial income | 75 | €410 | €458 | +€48 | +11.6% |
| Financial charges | 65/66B | €144 | €140 | -€5 | -3.1% |
| Recurring financial charges | 65 | €144 | €140 | -€5 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,531 | -€2,180 | -€649 | -42.4% |
| Profit (loss) for the period | 9904 | -€1,531 | -€2,180 | -€649 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,531 | -€2,180 | -€649 | -42.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.