VANDERBECQ: 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.
VANDERBECQ
Largest movements
- Cash -€14,401
down €14,401 (-22.8%), from €63,094 to €48,693
mainly Debts after one year (-€13,460) and Current investments (-€10,011)
- Current investments +€10,011
up €10,011 (+64.5%), from €15,513 to €25,524
- Receivables within one year +€9,456
up €9,456 (+3885.3%), from €243 to €9,700
of which Trade receivables: +€8,870
- Tangible fixed assets -€8,449
down €8,449 (-10.1%), from €83,716 to €75,267
of which Land and buildings: -€13,015
- Debts after one year -€13,460
down €13,460 (-15.9%), from €84,647 to €71,188
- Reserves -€8,591
down €8,591 (-30.1%), from €28,533 to €19,942
of which Tax-exempt reserves: -€8,591
- Other debts +€8,500
up €8,500 (+203.9%), from €4,169 to €12,670
- Profit (loss) carried forward +€7,787
up €7,787 (+13.4%), from -€57,907 to -€50,120
- Trade debts +€6,581
up €6,581 (+1865.4%), from €353 to €6,934
- Financial charges -€9,731
down €9,731, from €4,864 to -€4,867
- Gross operating margin -€7,712
down €7,712 (-69.7%), from €11,062 to €3,350
- Taxes -€1,866
down €1,866 (-86.5%), from €2,157 to €290
- Financial income +€1,814
up €1,814 (+163.4%), from €1,110 to €2,924
- Other operating charges -€1,107
down €1,107 (-39.2%), from €2,821 to €1,714
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 | €163,252 | €160,208 | -€3,044 | -1.9% |
| Fixed assets | 21/28 | €83,716 | €75,267 | -€8,449 | -10.1% |
| Tangible fixed assets | 22/27 | €83,716 | €75,267 | -€8,449 | -10.1% |
| Land and buildings | 22 | €78,088 | €65,074 | -€13,015 | -16.7% |
| Furniture and vehicles | 24 | €909 | €553 | -€356 | -39.2% |
| Other tangible fixed assets | 26 | €4,718 | €9,640 | +€4,922 | +104.3% |
| Current assets | 29/58 | €79,536 | €84,941 | +€5,405 | +6.8% |
| Amounts receivable within one year | 40/41 | €243 | €9,700 | +€9,456 | +3885.3% |
| Trade receivables | 40 | - | €8,870 | +€8,870 | |
| Other amounts receivable | 41 | €243 | €830 | +€587 | +241.1% |
| Current investments | 50/53 | €15,513 | €25,524 | +€10,011 | +64.5% |
| Cash at bank and in hand | 54/58 | €63,094 | €48,693 | -€14,401 | -22.8% |
| Deferred charges and accrued income | 490/1 | €686 | €1,024 | +€339 | +49.4% |
| Total equity and liabilities | 10/49 | €163,252 | €160,208 | -€3,044 | -1.9% |
| Equity | 10/15 | €32,599 | €31,795 | -€804 | -2.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €28,533 | €19,942 | -€8,591 | -30.1% |
| Non-distributable reserves | 130/1 | €520 | €520 | = | 0.0% |
| Legal reserve | 130 | €520 | €520 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,012 | €19,421 | -€8,591 | -30.7% |
| Profit (loss) carried forward | 14 | -€57,907 | -€50,120 | +€7,787 | +13.4% |
| Provisions and deferred taxes | 16 | €14,624 | €10,201 | -€4,424 | -30.2% |
| Deferred taxes | 168 | €14,624 | €10,201 | -€4,424 | -30.2% |
| Amounts payable | 17/49 | €116,029 | €118,212 | +€2,183 | +1.9% |
| Amounts payable after more than one year | 17 | €84,647 | €71,188 | -€13,460 | -15.9% |
| Financial debts | 170/4 | €84,647 | €71,188 | -€13,460 | -15.9% |
| Amounts payable within one year | 42/48 | €31,382 | €47,025 | +€15,643 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €12,885 | €13,460 | +€574 | +4.5% |
| Trade debts | 44 | €353 | €6,934 | +€6,581 | +1865.4% |
| Suppliers | 440/4 | €353 | €6,934 | +€6,581 | +1865.4% |
| Taxes, remuneration and social security | 45 | €13,974 | €13,961 | -€13 | -0.1% |
| Taxes | 450/3 | €7,974 | €7,961 | -€13 | -0.2% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,169 | €12,670 | +€8,500 | +203.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,700 | €14,364 | -€336 | -2.3% |
| Other operating charges | 640/8 | €2,821 | €1,714 | -€1,107 | -39.2% |
| Gross operating margin | 9900 | €11,062 | €3,350 | -€7,712 | -69.7% |
| Operating profit (loss) | 9901 | -€6,459 | -€12,728 | -€6,269 | -97.0% |
| Financial income | 75/76B | €1,110 | €2,924 | +€1,814 | +163.4% |
| Recurring financial income | 75 | €1,110 | €2,924 | +€1,814 | +163.4% |
| Financial charges | 65/66B | €4,864 | -€4,867 | -€9,731 | |
| Recurring financial charges | 65 | €4,864 | -€4,867 | -€9,731 | |
| Profit (loss) for the period before taxes | 9903 | -€10,214 | -€4,937 | +€5,276 | +51.7% |
| Transfer from deferred taxes | 780 | €4,424 | €4,424 | = | 0.0% |
| Income taxes | 67/77 | €2,157 | €290 | -€1,866 | -86.5% |
| Profit (loss) for the period | 9904 | -€7,947 | -€804 | +€7,143 | +89.9% |
| Transfer from tax-exempt reserves | 789 | €8,591 | €8,591 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €644 | €7,787 | +€7,143 | +1108.4% |
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 12 October 2026 via checked.be.