VANDERBAUWHEDE GROUP: what changed
What changed
VANDERBAUWHEDE GROUP
NACE 69.209, Other tax advisory services
filed annual accounts (NBB)
Net result for the year
€6,396
2024 · €76,881-€70,485
Equity
€152,283
2024 · €145,886+€6,396
Cash
€15,127
2024 · €8,371+€6,755
Balance sheet total
€366,416
2024 · €365,733+€683
Largest movements
Assets
- Cash +€6,755
up €6,755 (+80.7%), from €8,371 to €15,127
mainly Depreciation (+€17,847) and Net result for the year (+€6,396)
- Tangible fixed assets -€5,993
down €5,993 (-1.7%), from €357,165 to €351,172
of which Land and buildings: -€16,747
Equity and liabilities
- Profit (loss) carried forward +€8,301
up €8,301 (+17.1%), from -€48,605 to -€40,304
- Provisions -€5,714
down €5,714 (-15.0%), from €38,092 to €32,379
Income statement
- Gross operating margin -€103,594
down €103,594 (-82.0%), from €126,270 to €22,675
- Depreciation +€11,038
up €11,038 (+162%), from €6,809 to €17,847
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€76,881
Gross operating margin
-€103,594
Depreciation
-€11,038
Other operating charges
+€354
Financial income
+€1
Financial charges
-€14
Deferred taxes and other
+€43,806
Result 2025
€6,396
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€18,609
Investment
-€11,854
Financing
€0
Cash 2024
€8,371
From operations (derived)
+€18,609
Net result for the year
+€6,396
Depreciation
+€17,847
Receivables within one year
+€80
Provisions
-€5,714
Investment (derived)
-€11,854
Investment in fixed assets (net)
-€11,854
Cash 2025
€15,127
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,733 | €366,416 | +€683 | +0.2% |
| Fixed assets | 21/28 | €357,165 | €351,172 | -€5,993 | -1.7% |
| Tangible fixed assets | 22/27 | €357,165 | €351,172 | -€5,993 | -1.7% |
| Land and buildings | 22 | €357,001 | €340,254 | -€16,747 | -4.7% |
| Plant, machinery and equipment | 23 | €164 | €10,918 | +€10,754 | +6,562% |
| Current assets | 29/58 | €8,568 | €15,243 | +€6,676 | +77.9% |
| Amounts receivable within one year | 40/41 | €196 | €117 | -€80 | -40.6% |
| Other amounts receivable | 41 | €196 | €117 | -€80 | -40.6% |
| Cash at bank and in hand | 54/58 | €8,371 | €15,127 | +€6,755 | +80.7% |
| Total equity and liabilities | 10/49 | €365,733 | €366,416 | +€683 | +0.2% |
| Equity | 10/15 | €145,886 | €152,283 | +€6,396 | +4.4% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €125,899 | €123,995 | -€1,905 | -1.5% |
| Tax-exempt reserves | 132 | €115,428 | €113,523 | -€1,905 | -1.7% |
| Distributable reserves | 133 | €10,471 | €10,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,605 | -€40,304 | +€8,301 | +17.1% |
| Provisions and deferred taxes | 16 | €38,092 | €32,379 | -€5,714 | -15.0% |
| Deferred taxes | 168 | €38,092 | €32,379 | -€5,714 | -15.0% |
| Amounts payable | 17/49 | €181,755 | €181,755 | = | 0.0% |
| Amounts payable after more than one year | 17 | €11,614 | €11,614 | = | 0.0% |
| Financial debts | 170/4 | €11,614 | €11,614 | = | 0.0% |
| Amounts payable within one year | 42/48 | €170,140 | €170,140 | = | 0.0% |
| Other amounts payable | 47/48 | €170,140 | €170,140 | = | 0.0% |
| Non-recurring operating income | 76A | €152,369 | - | -€152,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,809 | €17,847 | +€11,038 | +162% |
| Other operating charges | 640/8 | €4,429 | €4,075 | -€354 | -8.0% |
| Gross operating margin | 9900 | €126,270 | €22,675 | -€103,594 | -82.0% |
| Operating profit (loss) | 9901 | €115,032 | €754 | -€114,278 | -99.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,160% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,160% |
| Financial charges | 65/66B | €59 | €72 | +€14 | +23.3% |
| Recurring financial charges | 65 | €59 | €72 | +€14 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €114,974 | €683 | -€114,291 | -99.4% |
| Transfer from deferred taxes | 780 | - | €5,714 | +€5,714 | |
| Transfer to deferred taxes | 680 | €38,092 | - | -€38,092 | |
| Profit (loss) for the period | 9904 | €76,881 | €6,396 | -€70,485 | -91.7% |
| Transfer from tax-exempt reserves | 789 | - | €1,905 | +€1,905 | |
| Transfer to tax-exempt reserves | 689 | €114,277 | - | -€114,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,396 | €8,301 | +€45,697 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.