Vanderer: 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.
Vanderer
Largest movements
- Stocks and contracts +€32,037
up €32,037 (+808%), from €3,967 to €36,004
- Receivables within one year +€22,292
up €22,292 (+66.0%), from €33,788 to €56,081
of which Trade receivables: +€15,828
- Tangible fixed assets +€16,882
up €16,882 (+67.0%), from €25,193 to €42,075
of which Furniture and vehicles: +€11,452
- Intangible fixed assets +€7,961
up €7,961 (+631%), from €1,261 to €9,223
- Financial fixed assets +€3,900
new in 2025: €3,900
- Profit (loss) carried forward +€31,744
up €31,744, from -€168 to €31,576
- Debts after one year +€24,808
up €24,808 (+94.5%), from €26,256 to €51,065
- Trade debts +€16,815
up €16,815 (+69.2%), from €24,307 to €41,122
- Current portion of long-term debt +€7,626
up €7,626 (+46.8%), from €16,296 to €23,922
- Gross operating margin +€109,634
up €109,634 (+309%), from €35,437 to €145,071
- Staff costs +€58,428
up €58,428 (+217%), from €26,878 to €85,306
- Taxes +€9,043
up €9,043 (+1,756%), from €515 to €9,558
- Depreciation +€6,003
up €6,003 (+158%), from €3,806 to €9,809
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 | €96,758 | €177,602 | +€80,844 | +83.6% |
| Fixed assets | 21/28 | €26,455 | €55,198 | +€28,744 | +109% |
| Intangible fixed assets | 21 | €1,261 | €9,223 | +€7,961 | +631% |
| Tangible fixed assets | 22/27 | €25,193 | €42,075 | +€16,882 | +67.0% |
| Plant, machinery and equipment | 23 | €15,135 | €22,890 | +€7,755 | +51.2% |
| Furniture and vehicles | 24 | - | €11,452 | +€11,452 | |
| Other tangible fixed assets | 26 | €10,058 | €7,733 | -€2,325 | -23.1% |
| Financial fixed assets | 28 | - | €3,900 | +€3,900 | |
| Current assets | 29/58 | €70,303 | €122,404 | +€52,100 | +74.1% |
| Stocks and contracts in progress | 3 | €3,967 | €36,004 | +€32,037 | +808% |
| Stocks | 30/36 | €3,967 | €36,004 | +€32,037 | +808% |
| Amounts receivable within one year | 40/41 | €33,788 | €56,081 | +€22,292 | +66.0% |
| Trade receivables | 40 | €15,186 | €31,014 | +€15,828 | +104% |
| Other amounts receivable | 41 | €18,602 | €25,066 | +€6,464 | +34.7% |
| Cash at bank and in hand | 54/58 | €32,112 | €29,106 | -€3,005 | -9.4% |
| Deferred charges and accrued income | 490/1 | €436 | €1,213 | +€777 | +178% |
| Total equity and liabilities | 10/49 | €96,758 | €177,602 | +€80,844 | +83.6% |
| Equity | 10/15 | €4,832 | €36,576 | +€31,744 | +657% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168 | €31,576 | +€31,744 | |
| Amounts payable | 17/49 | €91,926 | €141,026 | +€49,100 | +53.4% |
| Amounts payable after more than one year | 17 | €26,256 | €51,065 | +€24,808 | +94.5% |
| Financial debts | 170/4 | €26,256 | €51,065 | +€24,808 | +94.5% |
| Amounts payable within one year | 42/48 | €65,670 | €89,962 | +€24,292 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €16,296 | €23,922 | +€7,626 | +46.8% |
| Trade debts | 44 | €24,307 | €41,122 | +€16,815 | +69.2% |
| Suppliers | 440/4 | €24,307 | €41,122 | +€16,815 | +69.2% |
| Advances received on contracts in progress | 46 | - | €915 | +€915 | |
| Taxes, remuneration and social security | 45 | €25,067 | €24,002 | -€1,065 | -4.2% |
| Taxes | 450/3 | €21,045 | €19,566 | -€1,479 | -7.0% |
| Remuneration and social security | 454/9 | €4,022 | €4,436 | +€414 | +10.3% |
| Remuneration, social security and pensions | 62 | €26,878 | €85,306 | +€58,428 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,806 | €9,809 | +€6,003 | +158% |
| Other operating charges | 640/8 | €1,780 | €2,808 | +€1,028 | +57.7% |
| Non-recurring operating charges | 66A | €1,250 | €5,391 | +€4,141 | +331% |
| Gross operating margin | 9900 | €35,437 | €145,071 | +€109,634 | +309% |
| Operating profit (loss) | 9901 | €1,723 | €41,757 | +€40,034 | +2,324% |
| Financial income | 75/76B | €1,067 | €1,990 | +€923 | +86.6% |
| Recurring financial income | 75 | €1,067 | €1,990 | +€923 | +86.6% |
| Financial charges | 65/66B | €2,443 | €2,445 | +€2 | +0.1% |
| Recurring financial charges | 65 | €2,443 | €2,445 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €347 | €41,302 | +€40,955 | +11,817% |
| Income taxes | 67/77 | €515 | €9,558 | +€9,043 | +1,756% |
| Profit (loss) for the period | 9904 | -€168 | €31,744 | +€31,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€168 | €31,744 | +€31,913 |
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 19 October 2026 via checked.be.