VANDER ASSURANCES: 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 ASSURANCES
Largest movements
- Tangible fixed assets -€31,492
down €31,492 (-3.0%), from €1.0m to €1.0m
of which Land and buildings: -€31,354
- Receivables within one year -€14,857
down €14,857 (-21.3%), from €69,610 to €54,753
of which Other amounts receivable: -€17,500
- Other debts -€35,100
down €35,100 (-12.7%), from €276,002 to €240,902
- Profit (loss) carried forward +€31,289
up €31,289 (+17.3%), from €181,344 to €212,633
- Debts after one year -€20,881
down €20,881 (-4.1%), from €504,523 to €483,642
of which Financial debts: -€20,881
- Gross operating margin +€19,666
up €19,666 (+25.7%), from €76,375 to €96,041
- Taxes +€17,994
up €17,994 (+152.2%), from €11,823 to €29,817
- Financial income +€9,797
up €9,797 (+4898.5%), from €200 to €9,997
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 | €1,154,610 | €1,118,510 | -€36,100 | -3.1% |
| Fixed assets | 21/28 | €1,073,756 | €1,042,264 | -€31,492 | -2.9% |
| Tangible fixed assets | 22/27 | €1,038,756 | €1,007,264 | -€31,492 | -3.0% |
| Land and buildings | 22 | €1,038,618 | €1,007,264 | -€31,354 | -3.0% |
| Furniture and vehicles | 24 | €138 | - | -€138 | |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €80,854 | €76,246 | -€4,608 | -5.7% |
| Amounts receivable within one year | 40/41 | €69,610 | €54,753 | -€14,857 | -21.3% |
| Trade receivables | 40 | €10,631 | €13,274 | +€2,643 | +24.9% |
| Other amounts receivable | 41 | €58,979 | €41,479 | -€17,500 | -29.7% |
| Cash at bank and in hand | 54/58 | €11,244 | €21,493 | +€10,249 | +91.2% |
| Total equity and liabilities | 10/49 | €1,154,610 | €1,118,510 | -€36,100 | -3.1% |
| Equity | 10/15 | €301,785 | €328,402 | +€26,617 | +8.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €99,990 | €95,318 | -€4,672 | -4.7% |
| Tax-exempt reserves | 132 | €84,973 | €80,301 | -€4,672 | -5.5% |
| Distributable reserves | 133 | €15,017 | €15,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,344 | €212,633 | +€31,289 | +17.3% |
| Provisions and deferred taxes | 16 | €28,324 | €26,767 | -€1,557 | -5.5% |
| Deferred taxes | 168 | €28,324 | €26,767 | -€1,557 | -5.5% |
| Amounts payable | 17/49 | €824,501 | €763,341 | -€61,160 | -7.4% |
| Amounts payable after more than one year | 17 | €504,523 | €483,642 | -€20,881 | -4.1% |
| Financial debts | 170/4 | €391,625 | €370,744 | -€20,881 | -5.3% |
| Other amounts payable | 178/9 | €112,898 | €112,898 | = | 0.0% |
| Amounts payable within one year | 42/48 | €319,978 | €279,699 | -€40,279 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €20,627 | €20,879 | +€252 | +1.2% |
| Trade debts | 44 | €1,657 | €1,438 | -€219 | -13.2% |
| Suppliers | 440/4 | €1,657 | €1,438 | -€219 | -13.2% |
| Taxes, remuneration and social security | 45 | €21,692 | €16,480 | -€5,212 | -24.0% |
| Taxes | 450/3 | €21,692 | €16,480 | -€5,212 | -24.0% |
| Other amounts payable | 47/48 | €276,002 | €240,902 | -€35,100 | -12.7% |
| Non-recurring operating income | 76A | €2,783 | - | -€2,783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,606 | €42,569 | -€37 | -0.1% |
| Other operating charges | 640/8 | €777 | €1,711 | +€934 | +120.2% |
| Non-recurring operating charges | 66A | €712 | - | -€712 | |
| Gross operating margin | 9900 | €76,375 | €96,041 | +€19,666 | +25.7% |
| Operating profit (loss) | 9901 | €32,280 | €51,761 | +€19,481 | +60.4% |
| Financial income | 75/76B | €200 | €9,997 | +€9,797 | +4898.5% |
| Recurring financial income | 75 | €200 | €9,997 | +€9,797 | +4898.5% |
| Financial charges | 65/66B | €7,265 | €6,881 | -€384 | -5.3% |
| Recurring financial charges | 65 | €7,265 | €6,881 | -€384 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €25,215 | €54,877 | +€29,662 | +117.6% |
| Transfer from deferred taxes | 780 | €1,557 | €1,557 | = | 0.0% |
| Income taxes | 67/77 | €11,823 | €29,817 | +€17,994 | +152.2% |
| Profit (loss) for the period | 9904 | €14,949 | €26,617 | +€11,668 | +78.1% |
| Transfer from tax-exempt reserves | 789 | €4,672 | €4,672 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,621 | €31,289 | +€11,668 | +59.5% |
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 8 October 2026 via checked.be.