VANDERBORGHT ET CO: 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.
VANDERBORGHT ET CO
Largest movements
- Tangible fixed assets -€33,414
down €33,414 (-12.8%), from €261,311 to €227,897
of which Land and buildings: -€32,807
- Receivables within one year +€8,029
up €8,029 (+11.5%), from €69,769 to €77,798
of which Trade receivables: +€10,588
- Reserves -€26,090
down €26,090 (-15.5%), from €167,994 to €141,905
of which Tax-exempt reserves: -€26,090
- Debts after one year -€24,641
down €24,641 (-5.4%), from €454,881 to €430,240
- Profit (loss) carried forward +€13,067
up €13,067 (+45.5%), from €28,698 to €41,765
- Accrued charges and deferred income +€9,730
up €9,730 (+106%), from €9,140 to €18,869
- Financial charges -€13,081
down €13,081 (-81.5%), from €16,050 to €2,969
- Other operating charges -€2,676
down €2,676 (-82.5%), from €3,243 to €566
- Depreciation -€1,068
down €1,068 (-2.6%), from €41,685 to €40,618
- Gross operating margin +€340
up €340 (+1.1%), from €31,747 to €32,087
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 | €714,390 | €687,909 | -€26,480 | -3.7% |
| Fixed assets | 21/28 | €636,971 | €603,557 | -€33,414 | -5.2% |
| Tangible fixed assets | 22/27 | €261,311 | €227,897 | -€33,414 | -12.8% |
| Land and buildings | 22 | €253,010 | €220,203 | -€32,807 | -13.0% |
| Furniture and vehicles | 24 | €8,301 | €7,694 | -€608 | -7.3% |
| Financial fixed assets | 28 | €375,660 | €375,660 | = | 0.0% |
| Current assets | 29/58 | €77,419 | €84,353 | +€6,934 | +9.0% |
| Stocks and contracts in progress | 3 | €2,832 | - | -€2,832 | |
| Stocks | 30/36 | €2,832 | - | -€2,832 | |
| Amounts receivable within one year | 40/41 | €69,769 | €77,798 | +€8,029 | +11.5% |
| Trade receivables | 40 | €25,977 | €36,565 | +€10,588 | +40.8% |
| Other amounts receivable | 41 | €43,792 | €41,234 | -€2,559 | -5.8% |
| Cash at bank and in hand | 54/58 | €4,818 | €6,555 | +€1,737 | +36.0% |
| Total equity and liabilities | 10/49 | €714,390 | €687,909 | -€26,480 | -3.7% |
| Equity | 10/15 | €215,293 | €202,270 | -€13,023 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,994 | €141,905 | -€26,090 | -15.5% |
| Non-distributable reserves | 130/1 | €236 | €236 | = | 0.0% |
| Reserves not available under the articles | 1311 | €236 | €236 | = | 0.0% |
| Tax-exempt reserves | 132 | €167,759 | €141,669 | -€26,090 | -15.6% |
| Profit (loss) carried forward | 14 | €28,698 | €41,765 | +€13,067 | +45.5% |
| Amounts payable | 17/49 | €499,097 | €485,640 | -€13,458 | -2.7% |
| Amounts payable after more than one year | 17 | €454,881 | €430,240 | -€24,641 | -5.4% |
| Financial debts | 170/4 | €454,881 | €430,240 | -€24,641 | -5.4% |
| Amounts payable within one year | 42/48 | €35,077 | €36,530 | +€1,454 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €10,971 | €11,162 | +€190 | +1.7% |
| Trade debts | 44 | €1,223 | €1,659 | +€436 | +35.7% |
| Suppliers | 440/4 | €1,223 | €1,659 | +€436 | +35.7% |
| Taxes, remuneration and social security | 45 | €3,917 | €4,744 | +€827 | +21.1% |
| Taxes | 450/3 | €3,917 | €4,744 | +€827 | +21.1% |
| Other amounts payable | 47/48 | €18,966 | €18,966 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,140 | €18,869 | +€9,730 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,685 | €40,618 | -€1,068 | -2.6% |
| Other operating charges | 640/8 | €3,243 | €566 | -€2,676 | -82.5% |
| Gross operating margin | 9900 | €31,747 | €32,087 | +€340 | +1.1% |
| Operating profit (loss) | 9901 | -€13,181 | -€9,097 | +€4,084 | +31.0% |
| Financial charges | 65/66B | €16,050 | €2,969 | -€13,081 | -81.5% |
| Recurring financial charges | 65 | €16,050 | €2,969 | -€13,081 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,232 | -€12,066 | +€17,165 | +58.7% |
| Income taxes | 67/77 | €935 | €956 | +€22 | +2.3% |
| Profit (loss) for the period | 9904 | -€30,166 | -€13,023 | +€17,144 | +56.8% |
| Transfer from tax-exempt reserves | 789 | €26,090 | €26,090 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,077 | €13,067 | +€17,144 |
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 31 October 2026 via checked.be.