VANDERBEKEN IMMO & PROJECTS: 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.
VANDERBEKEN IMMO & PROJECTS
Largest movements
- Cash +€31,917
up €31,917 (+35.7%), from €89,381 to €121,299
mainly Other debts (+€22,331) and Net result for the year (+€18,756)
- Tangible fixed assets -€14,963
down €14,963 (-3.4%), from €434,908 to €419,945
- Other debts +€22,331
up €22,331, from €0 to €22,331
- Debts after one year -€9,441
down €9,441 (-5.6%), from €168,723 to €159,282
- Trade debts +€5,934
up €5,934 (+4,797%), from €124 to €6,058
- Gross operating margin +€36,832
up €36,832 (+182%), from €20,245 to €57,078
- Depreciation +€6,665
up €6,665 (+80.3%), from €8,298 to €14,963
- Taxes +€5,562
up €5,562 (+96.2%), from €5,780 to €11,342
- Other operating charges +€5,056
up €5,056 (+503%), from €1,004 to €6,061
- Financial charges +€4,426
up €4,426 (+147%), from €3,010 to €7,436
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 | €531,571 | €544,993 | +€13,422 | +2.5% |
| Fixed assets | 21/28 | €434,908 | €419,945 | -€14,963 | -3.4% |
| Tangible fixed assets | 22/27 | €434,908 | €419,945 | -€14,963 | -3.4% |
| Land and buildings | 22 | €434,908 | €419,945 | -€14,963 | -3.4% |
| Current assets | 29/58 | €96,663 | €125,048 | +€28,385 | +29.4% |
| Amounts receivable within one year | 40/41 | €6,373 | €2,624 | -€3,750 | -58.8% |
| Trade receivables | 40 | €0 | €1,725 | +€1,725 | |
| Other amounts receivable | 41 | €6,373 | €899 | -€5,475 | -85.9% |
| Cash at bank and in hand | 54/58 | €89,381 | €121,299 | +€31,917 | +35.7% |
| Deferred charges and accrued income | 490/1 | €909 | €1,126 | +€217 | +23.9% |
| Total equity and liabilities | 10/49 | €531,571 | €544,993 | +€13,422 | +2.5% |
| Equity | 10/15 | €301,439 | €297,864 | -€3,576 | -1.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €239,466 | €235,890 | -€3,576 | -1.5% |
| Tax-exempt reserves | 132 | €156,671 | €150,970 | -€5,701 | -3.6% |
| Distributable reserves | 133 | €82,795 | €84,920 | +€2,125 | +2.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €39,168 | €37,743 | -€1,425 | -3.6% |
| Deferred taxes | 168 | €39,168 | €37,743 | -€1,425 | -3.6% |
| Amounts payable | 17/49 | €190,964 | €209,387 | +€18,422 | +9.6% |
| Amounts payable after more than one year | 17 | €168,723 | €159,282 | -€9,441 | -5.6% |
| Financial debts | 170/4 | €168,723 | €159,282 | -€9,441 | -5.6% |
| Amounts payable within one year | 42/48 | €22,241 | €50,105 | +€27,863 | +125% |
| Current portion of amounts payable after more than one year | 42 | €9,077 | €9,441 | +€364 | +4.0% |
| Trade debts | 44 | €124 | €6,058 | +€5,934 | +4,797% |
| Suppliers | 440/4 | €124 | €6,058 | +€5,934 | +4,797% |
| Taxes, remuneration and social security | 45 | €13,040 | €12,275 | -€766 | -5.9% |
| Taxes | 450/3 | €13,040 | €12,275 | -€766 | -5.9% |
| Other amounts payable | 47/48 | €0 | €22,331 | +€22,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,298 | €14,963 | +€6,665 | +80.3% |
| Other operating charges | 640/8 | €1,004 | €6,061 | +€5,056 | +503% |
| Gross operating margin | 9900 | €20,245 | €57,078 | +€36,832 | +182% |
| Operating profit (loss) | 9901 | €10,942 | €36,054 | +€25,111 | +229% |
| Financial income | 75/76B | €422 | €55 | -€368 | -87.1% |
| Recurring financial income | 75 | €422 | €55 | -€368 | -87.1% |
| Financial charges | 65/66B | €3,010 | €7,436 | +€4,426 | +147% |
| Recurring financial charges | 65 | €3,010 | €7,436 | +€4,426 | +147% |
| Profit (loss) for the period before taxes | 9903 | €8,355 | €28,672 | +€20,317 | +243% |
| Transfer from deferred taxes | 780 | €1,425 | €1,425 | = | 0.0% |
| Income taxes | 67/77 | €5,780 | €11,342 | +€5,562 | +96.2% |
| Profit (loss) for the period | 9904 | €4,000 | €18,756 | +€14,755 | +369% |
| Transfer from tax-exempt reserves | 789 | €5,701 | €5,701 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,701 | €24,456 | +€14,755 | +152% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.