VANDER EECKT LANDER: 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.
VANDER EECKT LANDER
Largest movements
- Tangible fixed assets +€533,930
up €533,930 (+222%), from €240,560 to €774,489
of which Land and buildings: +€490,501
- Cash -€161,506
down €161,506 (-54.8%), from €294,842 to €133,335
mainly Investment in fixed assets (net) (-€552,555) and Receivables within one year (-€63,013)
- Receivables within one year +€63,013
up €63,013 (+85.9%), from €73,336 to €136,350
of which Trade receivables: +€61,529
- Debts after one year +€209,743
up €209,743 (+172%), from €122,055 to €331,798
- Reserves +€152,685
up €152,685 (+57.5%), from €265,360 to €418,045
of which Distributable reserves: +€152,685
- Accrued charges and deferred income +€63,055
up €63,055 (+385%), from €16,381 to €79,436
- Current portion of long-term debt +€19,550
up €19,550 (+66.2%), from €29,510 to €49,060
- Tax, wage and social debts -€12,131
down €12,131 (-38.6%), from €31,465 to €19,334
of which Taxes: -€15,842
- Gross operating margin +€44,781
up €44,781 (+17.6%), from €253,789 to €298,570
- Staff costs +€12,146
up €12,146 (+20.8%), from €58,506 to €70,652
- Taxes +€7,868
up €7,868 (+21.7%), from €36,278 to €44,146
- Depreciation -€5,549
down €5,549 (-23.0%), from €24,174 to €18,625
- Financial charges +€4,441
up €4,441 (+114%), from €3,881 to €8,322
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 | €643,927 | €1,079,121 | +€435,194 | +67.6% |
| Fixed assets | 21/28 | €240,560 | €774,489 | +€533,930 | +222% |
| Tangible fixed assets | 22/27 | €240,560 | €774,489 | +€533,930 | +222% |
| Land and buildings | 22 | €240,560 | €731,060 | +€490,501 | +204% |
| Plant, machinery and equipment | 23 | - | €33,093 | +€33,093 | |
| Furniture and vehicles | 24 | - | €10,335 | +€10,335 | |
| Current assets | 29/58 | €403,367 | €304,631 | -€98,736 | -24.5% |
| Stocks and contracts in progress | 3 | €31,317 | €26,054 | -€5,263 | -16.8% |
| Stocks | 30/36 | €31,317 | €26,054 | -€5,263 | -16.8% |
| Amounts receivable within one year | 40/41 | €73,336 | €136,350 | +€63,013 | +85.9% |
| Trade receivables | 40 | €56,276 | €117,805 | +€61,529 | +109% |
| Other amounts receivable | 41 | €17,060 | €18,544 | +€1,484 | +8.7% |
| Cash at bank and in hand | 54/58 | €294,842 | €133,335 | -€161,506 | -54.8% |
| Deferred charges and accrued income | 490/1 | €3,872 | €8,893 | +€5,021 | +130% |
| Total equity and liabilities | 10/49 | €643,927 | €1,079,121 | +€435,194 | +67.6% |
| Equity | 10/15 | €436,811 | €589,496 | +€152,685 | +35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €265,360 | €418,045 | +€152,685 | +57.5% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €256,860 | €409,545 | +€152,685 | +59.4% |
| Profit (loss) carried forward | 14 | €165,251 | €165,251 | = | 0.0% |
| Amounts payable | 17/49 | €207,116 | €489,625 | +€282,509 | +136% |
| Amounts payable after more than one year | 17 | €122,055 | €331,798 | +€209,743 | +172% |
| Financial debts | 170/4 | €122,055 | €331,798 | +€209,743 | +172% |
| Amounts payable within one year | 42/48 | €68,680 | €78,391 | +€9,711 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €29,510 | €49,060 | +€19,550 | +66.2% |
| Trade debts | 44 | €7,706 | €9,998 | +€2,292 | +29.7% |
| Suppliers | 440/4 | €7,706 | €9,998 | +€2,292 | +29.7% |
| Taxes, remuneration and social security | 45 | €31,465 | €19,334 | -€12,131 | -38.6% |
| Taxes | 450/3 | €28,575 | €12,733 | -€15,842 | -55.4% |
| Remuneration and social security | 454/9 | €2,890 | €6,601 | +€3,711 | +128% |
| Accrued charges and deferred income | 492/3 | €16,381 | €79,436 | +€63,055 | +385% |
| Non-recurring operating income | 76A | - | €34,521 | +€34,521 | |
| Remuneration, social security and pensions | 62 | €58,506 | €70,652 | +€12,146 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,174 | €18,625 | -€5,549 | -23.0% |
| Other operating charges | 640/8 | €2,961 | €5,186 | +€2,224 | +75.1% |
| Gross operating margin | 9900 | €253,789 | €298,570 | +€44,781 | +17.6% |
| Operating profit (loss) | 9901 | €168,148 | €204,107 | +€35,959 | +21.4% |
| Financial income | 75/76B | €91 | €1,046 | +€956 | +1,055% |
| Recurring financial income | 75 | €91 | €1,046 | +€956 | +1,055% |
| Financial charges | 65/66B | €3,881 | €8,322 | +€4,441 | +114% |
| Recurring financial charges | 65 | €3,881 | €8,322 | +€4,441 | +114% |
| Profit (loss) for the period before taxes | 9903 | €164,357 | €196,831 | +€32,474 | +19.8% |
| Income taxes | 67/77 | €36,278 | €44,146 | +€7,868 | +21.7% |
| Profit (loss) for the period | 9904 | €128,079 | €152,685 | +€24,606 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,079 | €152,685 | +€24,606 | +19.2% |
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 14 October 2026 via checked.be.