VANDERCOILDEN FRANS: 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.
VANDERCOILDEN FRANS
Largest movements
- Current investments +€15,037
up €15,037 (+5.5%), from €275,073 to €290,110
- Cash +€11,776
up €11,776 (+132%), from €8,938 to €20,714
mainly Net result for the year (+€23,038) and Trade debts (+€2,870)
- Profit (loss) carried forward +€23,038
up €23,038 (+9.6%), from €239,351 to €262,389
- Gross operating margin -€2,482
down €2,482 (-8.5%), from €29,062 to €26,580
- Financial income -€530
down €530 (-7.6%), from €7,013 to €6,483
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 | €300,958 | €328,607 | +€27,649 | +9.2% |
| Fixed assets | 21/28 | €15 | €791 | +€775 | +5,045% |
| Tangible fixed assets | 22/27 | - | €775 | +€775 | |
| Plant, machinery and equipment | 23 | - | €775 | +€775 | |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €300,942 | €327,816 | +€26,874 | +8.9% |
| Stocks and contracts in progress | 3 | €6,784 | €5,916 | -€868 | -12.8% |
| Stocks | 30/36 | €6,784 | €5,916 | -€868 | -12.8% |
| Amounts receivable within one year | 40/41 | €6,131 | €6,919 | +€788 | +12.9% |
| Trade receivables | 40 | €5,593 | €6,277 | +€684 | +12.2% |
| Other amounts receivable | 41 | €539 | €642 | +€103 | +19.2% |
| Current investments | 50/53 | €275,073 | €290,110 | +€15,037 | +5.5% |
| Cash at bank and in hand | 54/58 | €8,938 | €20,714 | +€11,776 | +132% |
| Deferred charges and accrued income | 490/1 | €4,017 | €4,157 | +€140 | +3.5% |
| Total equity and liabilities | 10/49 | €300,958 | €328,607 | +€27,649 | +9.2% |
| Equity | 10/15 | €274,418 | €297,455 | +€23,038 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,467 | €16,467 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,607 | €14,607 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,351 | €262,389 | +€23,038 | +9.6% |
| Amounts payable | 17/49 | €26,540 | €31,151 | +€4,611 | +17.4% |
| Amounts payable within one year | 42/48 | €26,540 | €31,151 | +€4,611 | +17.4% |
| Trade debts | 44 | €652 | €3,522 | +€2,870 | +440% |
| Suppliers | 440/4 | €652 | €3,522 | +€2,870 | +440% |
| Taxes, remuneration and social security | 45 | €25,888 | €27,629 | +€1,741 | +6.7% |
| Taxes | 450/3 | €2,834 | €3,796 | +€962 | +33.9% |
| Remuneration and social security | 454/9 | €23,054 | €23,833 | +€779 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €248 | +€248 | |
| Other operating charges | 640/8 | €1,528 | €1,638 | +€110 | +7.2% |
| Gross operating margin | 9900 | €29,062 | €26,580 | -€2,482 | -8.5% |
| Operating profit (loss) | 9901 | €27,534 | €24,694 | -€2,840 | -10.3% |
| Financial income | 75/76B | €7,013 | €6,483 | -€530 | -7.6% |
| Recurring financial income | 75 | €7,013 | €6,483 | -€530 | -7.6% |
| Financial charges | 65/66B | €161 | €227 | +€66 | +41.1% |
| Recurring financial charges | 65 | €161 | €227 | +€66 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €34,386 | €30,950 | -€3,436 | -10.0% |
| Income taxes | 67/77 | €8,166 | €7,912 | -€253 | -3.1% |
| Profit (loss) for the period | 9904 | €26,220 | €23,038 | -€3,182 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,220 | €23,038 | -€3,182 | -12.1% |
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.