VANDER STRICHT - VENS: 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.
What changed
VANDER STRICHT - VENS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€125,191
2024 · -€44,678-€80,513
Equity
€206,724
2024 · €331,915-€125,191
Cash
€27,595
2024 · €3,905+€23,690
Balance sheet total
€1.8m
2024 · €1.7m+€23,226
Largest movements
Assets
- Cash +€23,690
up €23,690 (+607%), from €3,905 to €27,595
mainly Current portion of long-term debt (+€895,307) and Other debts (+€141,502)
Equity and liabilities
- Current portion of long-term debt +€895,307
up €895,307 (+7,917%), from €11,309 to €906,615
- Debts after one year -€876,539
down €876,539 (-77.5%), from €1.1m to €254,972
- Other debts +€141,502
up €141,502 (+62.4%), from €226,660 to €368,162
- Profit (loss) carried forward -€125,191
down €125,191, from €67,861 to -€57,330
Income statement
- Turnover -€195,213
no longer reported in 2025 (was €195,213)
- Purchases and services -€156,065
no longer reported in 2025 (was €156,065)
- Gross operating margin -€88,715
down €88,715, from €70,545 to -€18,170
- Financial charges -€9,468
down €9,468 (-14.2%), from €66,841 to €57,373
- Depreciation -€2,430
down €2,430 (-5.7%), from €42,473 to €40,043
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.
Result 2024
-€44,678
Gross operating margin
-€88,715
Depreciation
+€2,430
Other operating charges
-€1,709
Financial income
-€1,988
Financial charges
+€9,468
Result 2025
-€125,191
raises the resultlowers the result
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.
From operations
+€31,679
Investment
-€25,706
Financing
+€17,717
Cash 2024
€3,905
From operations (derived)
+€31,679
Net result for the year
-€125,191
Depreciation
+€40,043
Receivables within one year
-€14,557
Smaller working-capital items
+€449
Trade debts
-€10,568
Other debts
+€141,502
Investment (derived)
-€25,706
Investment in fixed assets (net)
-€25,706
Financing
+€17,717
Debts after one year
-€876,539
Current portion of long-term debt
+€895,307
Short-term financial debts
-€1,050
Cash 2025
€27,595
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,734,375 | €1,757,601 | +€23,226 | +1.3% |
| Fixed assets | 21/28 | €1,123,784 | €1,109,446 | -€14,337 | -1.3% |
| Tangible fixed assets | 22/27 | €1,123,534 | €1,109,196 | -€14,337 | -1.3% |
| Land and buildings | 22 | €1,110,363 | €1,105,456 | -€4,907 | -0.4% |
| Plant, machinery and equipment | 23 | €12,372 | €3,505 | -€8,867 | -71.7% |
| Furniture and vehicles | 24 | €798 | €235 | -€563 | -70.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €610,591 | €648,155 | +€37,564 | +6.2% |
| Stocks and contracts in progress | 3 | €574,111 | €574,111 | = | 0.0% |
| Stocks | 30/36 | €574,111 | €574,111 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,621 | €43,178 | +€14,557 | +50.9% |
| Trade receivables | 40 | €28,553 | €42,774 | +€14,220 | +49.8% |
| Other amounts receivable | 41 | €67 | €404 | +€337 | +499% |
| Cash at bank and in hand | 54/58 | €3,905 | €27,595 | +€23,690 | +607% |
| Deferred charges and accrued income | 490/1 | €3,955 | €3,272 | -€683 | -17.3% |
| Total equity and liabilities | 10/49 | €1,734,375 | €1,757,601 | +€23,226 | +1.3% |
| Equity | 10/15 | €331,915 | €206,724 | -€125,191 | -37.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €239,054 | €239,054 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €199,054 | €199,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,861 | -€57,330 | -€125,191 | |
| Amounts payable | 17/49 | €1,402,459 | €1,550,877 | +€148,418 | +10.6% |
| Amounts payable after more than one year | 17 | €1,131,512 | €254,972 | -€876,539 | -77.5% |
| Financial debts | 170/4 | €1,131,512 | €254,972 | -€876,539 | -77.5% |
| Amounts payable within one year | 42/48 | €270,948 | €1,295,905 | +€1.0m | +378% |
| Current portion of amounts payable after more than one year | 42 | €11,309 | €906,615 | +€895,307 | +7,917% |
| Financial debts | 43 | €1,050 | €0 | -€1,050 | -100% |
| Credit institutions | 430/8 | €1,050 | €0 | -€1,050 | -100% |
| Trade debts | 44 | €27,078 | €16,509 | -€10,568 | -39.0% |
| Suppliers | 440/4 | €27,078 | €16,509 | -€10,568 | -39.0% |
| Taxes, remuneration and social security | 45 | €4,851 | €4,618 | -€234 | -4.8% |
| Taxes | 450/3 | €4,851 | €4,618 | -€234 | -4.8% |
| Other amounts payable | 47/48 | €226,660 | €368,162 | +€141,502 | +62.4% |
| Turnover | 70 | €195,213 | - | -€195,213 | |
| Non-recurring operating income | 76A | €21,030 | €0 | -€21,030 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €156,065 | - | -€156,065 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,473 | €40,043 | -€2,430 | -5.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €7,896 | €9,605 | +€1,709 | +21.6% |
| Gross operating margin | 9900 | €70,545 | -€18,170 | -€88,715 | |
| Operating profit (loss) | 9901 | €20,175 | -€67,818 | -€87,994 | |
| Financial income | 75/76B | €1,988 | €0 | -€1,988 | -100% |
| Recurring financial income | 75 | €1,988 | €0 | -€1,988 | -100% |
| Financial charges | 65/66B | €66,841 | €57,373 | -€9,468 | -14.2% |
| Recurring financial charges | 65 | €66,841 | €57,373 | -€9,468 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,678 | -€125,191 | -€80,513 | -180% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€44,678 | -€125,191 | -€80,513 | -180% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,678 | -€125,191 | -€80,513 | -180% |
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 26 October 2026 via checked.be.