Vanderbauwhede: 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.
Vanderbauwhede
Largest movements
- Cash +€109,491
up €109,491 (+17.6%), from €620,476 to €729,968
mainly Net result for the year (+€101,412) and Depreciation (+€15,676)
- Stocks and contracts -€9,912
down €9,912 (-5.4%), from €182,639 to €172,727
- Reserves +€101,414
up €101,414 (+14.1%), from €718,539 to €819,953
of which Distributable reserves: +€101,414
- Gross operating margin -€11,521
down €11,521 (-6.7%), from €172,563 to €161,042
- Financial income -€5,893
down €5,893 (-38.5%), from €15,303 to €9,410
- Taxes -€5,668
down €5,668 (-12.2%), from €46,457 to €40,790
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 | €840,498 | €945,274 | +€104,777 | +12.5% |
| Fixed assets | 21/28 | €27,880 | €33,736 | +€5,856 | +21.0% |
| Tangible fixed assets | 22/27 | €27,861 | €33,718 | +€5,856 | +21.0% |
| Land and buildings | 22 | €9,749 | €19,852 | +€10,103 | +104% |
| Plant, machinery and equipment | 23 | €1,654 | €898 | -€755 | -45.7% |
| Furniture and vehicles | 24 | €16,459 | €12,967 | -€3,491 | -21.2% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €812,617 | €911,538 | +€98,920 | +12.2% |
| Stocks and contracts in progress | 3 | €182,639 | €172,727 | -€9,912 | -5.4% |
| Stocks | 30/36 | €182,639 | €172,727 | -€9,912 | -5.4% |
| Amounts receivable within one year | 40/41 | €9,502 | €8,843 | -€659 | -6.9% |
| Trade receivables | 40 | €9,502 | €7,521 | -€1,981 | -20.8% |
| Other amounts receivable | 41 | - | €1,322 | +€1,322 | |
| Cash at bank and in hand | 54/58 | €620,476 | €729,968 | +€109,491 | +17.6% |
| Total equity and liabilities | 10/49 | €840,498 | €945,274 | +€104,777 | +12.5% |
| Equity | 10/15 | €738,139 | €839,553 | +€101,414 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €718,539 | €819,953 | +€101,414 | +14.1% |
| Tax-exempt reserves | 132 | €11,644 | €11,644 | = | 0.0% |
| Distributable reserves | 133 | €706,895 | €808,309 | +€101,414 | +14.3% |
| Amounts payable | 17/49 | €102,359 | €105,721 | +€3,363 | +3.3% |
| Amounts payable within one year | 42/48 | €102,359 | €105,721 | +€3,363 | +3.3% |
| Trade debts | 44 | €23,082 | €27,467 | +€4,385 | +19.0% |
| Suppliers | 440/4 | €23,082 | €27,467 | +€4,385 | +19.0% |
| Taxes, remuneration and social security | 45 | €17,588 | €12,551 | -€5,037 | -28.6% |
| Taxes | 450/3 | €17,588 | €12,551 | -€5,037 | -28.6% |
| Other amounts payable | 47/48 | €61,689 | €65,704 | +€4,015 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,084 | €15,676 | -€409 | -2.5% |
| Other operating charges | 640/8 | €11,124 | €10,475 | -€649 | -5.8% |
| Gross operating margin | 9900 | €172,563 | €161,042 | -€11,521 | -6.7% |
| Operating profit (loss) | 9901 | €145,355 | €134,892 | -€10,464 | -7.2% |
| Financial income | 75/76B | €15,303 | €9,410 | -€5,893 | -38.5% |
| Recurring financial income | 75 | €15,303 | €9,410 | -€5,893 | -38.5% |
| Financial charges | 65/66B | €2,000 | €2,101 | +€101 | +5.0% |
| Recurring financial charges | 65 | €2,000 | €2,101 | +€101 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €158,659 | €142,201 | -€16,457 | -10.4% |
| Income taxes | 67/77 | €46,457 | €40,790 | -€5,668 | -12.2% |
| Profit (loss) for the period | 9904 | €112,201 | €101,412 | -€10,790 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €112,201 | €101,412 | -€10,790 | -9.6% |
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.