VANDERBYSE BERTRAND: 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.
VANDERBYSE BERTRAND
Largest movements
- Receivables within one year +€86,290
up €86,290 (+75.9%), from €113,731 to €200,021
of which Other amounts receivable: +€64,278
- Cash -€47,517
down €47,517 (-24.4%), from €195,130 to €147,614
mainly Receivables within one year (-€86,290) and Tax, wage and social debts (-€2,256)
- Tangible fixed assets -€22,012
no longer reported in 2025 (was €22,012)
- Profit (loss) carried forward +€11,886
up €11,886 (+1,706%), from €697 to €12,583
- Provisions +€6,000
new in 2025: €6,000
- Gross operating margin -€219,724
down €219,724 (-92.4%), from €237,917 to €18,193
- Taxes -€72,258
down €72,258 (-98.6%), from €73,265 to €1,007
- Staff costs -€13,000
down €13,000 (-84.0%), from €15,482 to €2,482
- Financial charges -€6,035
down €6,035 (-60.0%), from €10,053 to €4,017
- Provisions +€6,000
new in 2025: €6,000
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 | €335,911 | €352,673 | +€16,762 | +5.0% |
| Fixed assets | 21/28 | €22,012 | - | -€22,012 | |
| Tangible fixed assets | 22/27 | €22,012 | - | -€22,012 | |
| Furniture and vehicles | 24 | €22,012 | - | -€22,012 | |
| Current assets | 29/58 | €313,900 | €352,673 | +€38,774 | +12.4% |
| Amounts receivable within one year | 40/41 | €113,731 | €200,021 | +€86,290 | +75.9% |
| Trade receivables | 40 | - | €22,012 | +€22,012 | |
| Other amounts receivable | 41 | €113,731 | €178,009 | +€64,278 | +56.5% |
| Current investments | 50/53 | €5,038 | €5,038 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €195,130 | €147,614 | -€47,517 | -24.4% |
| Total equity and liabilities | 10/49 | €335,911 | €352,673 | +€16,762 | +5.0% |
| Equity | 10/15 | €254,157 | €266,043 | +€11,886 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,860 | €234,860 | = | 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% |
| Distributable reserves | 133 | €233,000 | €233,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €697 | €12,583 | +€11,886 | +1,706% |
| Provisions and deferred taxes | 16 | - | €6,000 | +€6,000 | |
| Provisions for liabilities and charges | 160/5 | - | €6,000 | +€6,000 | |
| Other liabilities and charges | 164/5 | - | €6,000 | +€6,000 | |
| Amounts payable | 17/49 | €81,754 | €80,630 | -€1,124 | -1.4% |
| Amounts payable within one year | 42/48 | €81,316 | €79,159 | -€2,157 | -2.7% |
| Trade debts | 44 | €4,783 | €4,882 | +€99 | +2.1% |
| Suppliers | 440/4 | €4,783 | €4,882 | +€99 | +2.1% |
| Taxes, remuneration and social security | 45 | €76,533 | €74,277 | -€2,256 | -2.9% |
| Taxes | 450/3 | €76,533 | €74,273 | -€2,261 | -3.0% |
| Remuneration and social security | 454/9 | - | €4 | +€4 | |
| Accrued charges and deferred income | 492/3 | €438 | €1,472 | +€1,033 | +236% |
| Non-recurring operating income | 76A | €208,734 | - | -€208,734 | |
| Remuneration, social security and pensions | 62 | €15,482 | €2,482 | -€13,000 | -84.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €5,910 | €465 | -€5,445 | -92.1% |
| Gross operating margin | 9900 | €237,917 | €18,193 | -€219,724 | -92.4% |
| Operating profit (loss) | 9901 | €216,525 | €9,246 | -€207,278 | -95.7% |
| Financial income | 75/76B | €5,192 | €7,664 | +€2,472 | +47.6% |
| Recurring financial income | 75 | €5,192 | €7,664 | +€2,472 | +47.6% |
| Financial charges | 65/66B | €10,053 | €4,017 | -€6,035 | -60.0% |
| Recurring financial charges | 65 | €10,053 | €4,017 | -€6,035 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €211,665 | €12,893 | -€198,771 | -93.9% |
| Income taxes | 67/77 | €73,265 | €1,007 | -€72,258 | -98.6% |
| Profit (loss) for the period | 9904 | €138,399 | €11,886 | -€126,513 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €138,399 | €11,886 | -€126,513 | -91.4% |
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 24 October 2026 via checked.be.