VANDERBIST & PARTNERS: 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
VANDERBIST & PARTNERS
NACE 90.393, Specialised image, lighting and sound technical services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€189,022
2024 · €111,263+€77,759
Equity
€11.2m
2024 · €3.2m+€8.0m
Cash
€565,691
2024 · €503,378+€62,313
Balance sheet total
€11.8m
2024 · €3.8m+€8.0m
Largest movements
Assets
- Financial fixed assets +€7.8m
up €7.8m (+951%), from €821,800 to €8.6m
Equity and liabilities
- Revaluation surpluses +€7.8m
new in 2025: €7.8m
- Profit (loss) carried forward +€189,022
up €189,022 (+6.0%), from €3.1m to €3.3m
Income statement
- Financial income +€113,075
up €113,075 (+84.3%), from €134,056 to €247,131
- Turnover +€59,807
up €59,807 (+95.6%), from €62,573 to €122,380
- Taxes +€50,155
up €50,155, from -€37,703 to €12,452
- Purchases and services +€41,079
up €41,079 (+141%), from €29,178 to €70,257
- Gross operating margin +€18,433
up €18,433 (+48.5%), from €38,011 to €56,445
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
€111,263
Gross operating margin
+€18,433
Staff costs
-€31
Depreciation
-€0
Other operating charges
+€296
Financial income
+€113,075
Financial charges
-€3,860
Taxes
-€50,155
Result 2025
€189,022
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
+€145,534
Investment
-€7.9m
Financing
+€7.8m
Cash 2024
€503,378
From operations (derived)
+€145,534
Net result for the year
+€189,022
Depreciation
+€24,814
Receivables within one year
-€77,360
Smaller working-capital items
-€14,705
Tax, wage and social debts
+€23,762
Investment (derived)
-€7.9m
Investment in fixed assets (net)
-€7.8m
Current investments
-€83,221
Financing
+€7.8m
Contributions, distributions and other
+€7.8m
Cash 2025
€565,691
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,814,697 | €11,829,977 | +€8.0m | +210% |
| Fixed assets | 21/28 | €877,377 | €8,669,762 | +€7.8m | +888% |
| Tangible fixed assets | 22/27 | €55,577 | €30,762 | -€24,814 | -44.6% |
| Furniture and vehicles | 24 | €55,577 | €30,762 | -€24,814 | -44.6% |
| Financial fixed assets | 28 | €821,800 | €8,639,000 | +€7.8m | +951% |
| Current assets | 29/58 | €2,937,321 | €3,160,215 | +€222,894 | +7.6% |
| Amounts receivable within one year | 40/41 | €83,660 | €161,020 | +€77,360 | +92.5% |
| Trade receivables | 40 | €41,635 | €87,643 | +€46,009 | +111% |
| Other amounts receivable | 41 | €42,026 | €73,377 | +€31,351 | +74.6% |
| Current investments | 50/53 | €2,350,282 | €2,433,503 | +€83,221 | +3.5% |
| Cash at bank and in hand | 54/58 | €503,378 | €565,691 | +€62,313 | +12.4% |
| Total equity and liabilities | 10/49 | €3,814,697 | €11,829,977 | +€8.0m | +210% |
| Equity | 10/15 | €3,164,879 | €11,171,102 | +€8.0m | +253% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €7,817,200 | +€7.8m | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,144,419 | €3,333,442 | +€189,022 | +6.0% |
| Amounts payable | 17/49 | €649,818 | €658,875 | +€9,057 | +1.4% |
| Amounts payable within one year | 42/48 | €649,818 | €658,875 | +€9,057 | +1.4% |
| Trade debts | 44 | €407 | €2,491 | +€2,084 | +511% |
| Suppliers | 440/4 | €407 | €2,491 | +€2,084 | +511% |
| Taxes, remuneration and social security | 45 | €12,807 | €36,569 | +€23,762 | +186% |
| Taxes | 450/3 | €12,807 | €36,569 | +€23,762 | +186% |
| Other amounts payable | 47/48 | €636,604 | €619,816 | -€16,788 | -2.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €62,573 | €122,380 | +€59,807 | +95.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,178 | €70,257 | +€41,079 | +141% |
| Remuneration, social security and pensions | 62 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,814 | €24,814 | +€0 | 0.0% |
| Other operating charges | 640/8 | €926 | €630 | -€296 | -32.0% |
| Gross operating margin | 9900 | €38,011 | €56,445 | +€18,433 | +48.5% |
| Operating profit (loss) | 9901 | €11,304 | €30,002 | +€18,698 | +165% |
| Financial income | 75/76B | €134,056 | €247,131 | +€113,075 | +84.3% |
| Recurring financial income | 75 | €134,056 | €247,131 | +€113,075 | +84.3% |
| Financial charges | 65/66B | €71,799 | €75,659 | +€3,860 | +5.4% |
| Recurring financial charges | 65 | €71,799 | €75,659 | +€3,860 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €73,561 | €201,474 | +€127,913 | +174% |
| Income taxes | 67/77 | -€37,703 | €12,452 | +€50,155 | |
| Profit (loss) for the period | 9904 | €111,263 | €189,022 | +€77,759 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €111,263 | €189,022 | +€77,759 | +69.9% |
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 23 October 2026 via checked.be.