Vanderdonck: 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.
Vanderdonck
Largest movements
- Tangible fixed assets +€17,095
up €17,095 (+173.0%), from €9,880 to €26,975
of which Other tangible fixed assets: +€12,151
- Cash +€11,660
up €11,660 (+32.5%), from €35,856 to €47,516
mainly Net result for the year (+€31,410) and Other debts (+€27,111)
- Receivables within one year +€5,869
up €5,869 (+37.0%), from €15,848 to €21,717
of which Trade receivables: +€6,466
- Other debts +€27,111
up €27,111 (+1201.5%), from €2,256 to €29,368
- Reserves +€6,000
up €6,000 (+21.8%), from €27,500 to €33,500
- Tax, wage and social debts +€5,124
up €5,124 (+91.0%), from €5,631 to €10,755
- Accrued charges and deferred income -€2,962
no longer reported in 2025 (was €2,962)
- Profit (loss) carried forward -€2,090
down €2,090 (-85.0%), from €2,459 to €369
- Gross operating margin +€27,570
up €27,570 (+137.7%), from €20,026 to €47,596
- Taxes +€5,301
up €5,301 (+127.9%), from €4,145 to €9,446
- Financial charges -€3,065
down €3,065 (-63.4%), from €4,834 to €1,770
- Depreciation +€1,979
up €1,979 (+148.4%), from €1,334 to €3,312
- Financial income -€1,001
down €1,001 (-100.0%), from €1,002 to €0
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.
Cash bridge derived
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 | €61,834 | €96,459 | +€34,624 | +56.0% |
| Fixed assets | 21/28 | €10,130 | €27,225 | +€17,095 | +168.8% |
| Tangible fixed assets | 22/27 | €9,880 | €26,975 | +€17,095 | +173.0% |
| Plant, machinery and equipment | 23 | - | €1,993 | +€1,993 | |
| Furniture and vehicles | 24 | - | €2,951 | +€2,951 | |
| Other tangible fixed assets | 26 | €9,880 | €22,032 | +€12,151 | +123.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €51,704 | €69,233 | +€17,529 | +33.9% |
| Amounts receivable within one year | 40/41 | €15,848 | €21,717 | +€5,869 | +37.0% |
| Trade receivables | 40 | €12,198 | €18,664 | +€6,466 | +53.0% |
| Other amounts receivable | 41 | €3,650 | €3,053 | -€597 | -16.4% |
| Cash at bank and in hand | 54/58 | €35,856 | €47,516 | +€11,660 | +32.5% |
| Total equity and liabilities | 10/49 | €61,834 | €96,459 | +€34,624 | +56.0% |
| Equity | 10/15 | €48,559 | €52,469 | +€3,910 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,500 | €33,500 | +€6,000 | +21.8% |
| Distributable reserves | 133 | €27,500 | €33,500 | +€6,000 | +21.8% |
| Profit (loss) carried forward | 14 | €2,459 | €369 | -€2,090 | -85.0% |
| Amounts payable | 17/49 | €13,275 | €43,989 | +€30,714 | +231.4% |
| Amounts payable within one year | 42/48 | €10,313 | €43,989 | +€33,676 | +326.5% |
| Trade debts | 44 | €2,426 | €3,867 | +€1,441 | +59.4% |
| Suppliers | 440/4 | €2,426 | €3,867 | +€1,441 | +59.4% |
| Taxes, remuneration and social security | 45 | €5,631 | €10,755 | +€5,124 | +91.0% |
| Taxes | 450/3 | €5,631 | €10,755 | +€5,124 | +91.0% |
| Other amounts payable | 47/48 | €2,256 | €29,368 | +€27,111 | +1201.5% |
| Accrued charges and deferred income | 492/3 | €2,962 | - | -€2,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €3,312 | +€1,979 | +148.4% |
| Other operating charges | 640/8 | €1,773 | €1,658 | -€114 | -6.5% |
| Gross operating margin | 9900 | €20,026 | €47,596 | +€27,570 | +137.7% |
| Operating profit (loss) | 9901 | €16,920 | €42,626 | +€25,706 | +151.9% |
| Financial income | 75/76B | €1,002 | €0 | -€1,001 | -100.0% |
| Recurring financial income | 75 | €1,002 | €0 | -€1,001 | -100.0% |
| Financial charges | 65/66B | €4,834 | €1,770 | -€3,065 | -63.4% |
| Recurring financial charges | 65 | €4,834 | €1,770 | -€3,065 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €13,087 | €40,856 | +€27,769 | +212.2% |
| Income taxes | 67/77 | €4,145 | €9,446 | +€5,301 | +127.9% |
| Profit (loss) for the period | 9904 | €8,942 | €31,410 | +€22,468 | +251.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,942 | €31,410 | +€22,468 | +251.2% |
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 9 October 2026 via checked.be.