Vandererfven: what changed
Two fiscal 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.
Vandererfven
Largest movements
- Cash -€69,559
down €69,559 (-42.4%), from €163,901 to €94,342
mainly Debts after one year (-€118,853) and Other debts (-€98,684)
- Tangible fixed assets -€51,322
down €51,322 (-7.2%), from €713,261 to €661,939
of which Furniture and vehicles: -€32,491
- Receivables within one year -€20,388
down €20,388 (-34.1%), from €59,768 to €39,380
of which Trade receivables: -€19,976
- Debts after one year -€118,853
down €118,853 (-27.3%), from €435,899 to €317,046
- Other debts -€98,684
down €98,684 (-49.6%), from €198,859 to €100,175
- Reserves +€55,554
up €55,554 (+65.0%), from €85,408 to €140,962
- Trade debts +€25,869
up €25,869 (+44.0%), from €58,769 to €84,638
- Gross operating margin +€25,711
up €25,711 (+5.9%), from €437,049 to €462,760
- Staff costs +€22,390
up €22,390 (+11.1%), from €202,325 to €224,715
- Taxes +€12,430
up €12,430 (+40.2%), from €30,931 to €43,361
- Depreciation +€5,060
up €5,060 (+8.4%), from €60,402 to €65,461
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 | €945,115 | €803,406 | -€141,709 | -15.0% |
| Fixed assets | 21/28 | €713,261 | €661,939 | -€51,322 | -7.2% |
| Tangible fixed assets | 22/27 | €713,261 | €661,939 | -€51,322 | -7.2% |
| Land and buildings | 22 | €560,461 | €541,341 | -€19,120 | -3.4% |
| Plant, machinery and equipment | 23 | €26,858 | €27,147 | +€289 | +1.1% |
| Furniture and vehicles | 24 | €125,942 | €93,451 | -€32,491 | -25.8% |
| Current assets | 29/58 | €231,854 | €141,467 | -€90,387 | -39.0% |
| Stocks and contracts in progress | 3 | €7,000 | €6,500 | -€500 | -7.1% |
| Stocks | 30/36 | €7,000 | €6,500 | -€500 | -7.1% |
| Amounts receivable within one year | 40/41 | €59,768 | €39,380 | -€20,388 | -34.1% |
| Trade receivables | 40 | €59,357 | €39,380 | -€19,976 | -33.7% |
| Other amounts receivable | 41 | €411 | €0 | -€411 | -100.0% |
| Cash at bank and in hand | 54/58 | €163,901 | €94,342 | -€69,559 | -42.4% |
| Deferred charges and accrued income | 490/1 | €1,185 | €1,245 | +€59 | +5.0% |
| Total equity and liabilities | 10/49 | €945,115 | €803,406 | -€141,709 | -15.0% |
| Equity | 10/15 | €104,008 | €159,562 | +€55,554 | +53.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,408 | €140,962 | +€55,554 | +65.0% |
| Distributable reserves | 133 | €85,408 | €140,962 | +€55,554 | +65.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €841,107 | €643,844 | -€197,263 | -23.5% |
| Amounts payable after more than one year | 17 | €435,899 | €317,046 | -€118,853 | -27.3% |
| Financial debts | 170/4 | €435,899 | €317,046 | -€118,853 | -27.3% |
| Amounts payable within one year | 42/48 | €405,208 | €318,407 | -€86,802 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €95,712 | €88,516 | -€7,195 | -7.5% |
| Trade debts | 44 | €58,769 | €84,638 | +€25,869 | +44.0% |
| Suppliers | 440/4 | €58,769 | €84,638 | +€25,869 | +44.0% |
| Taxes, remuneration and social security | 45 | €51,868 | €45,077 | -€6,791 | -13.1% |
| Taxes | 450/3 | €30,605 | €24,454 | -€6,151 | -20.1% |
| Remuneration and social security | 454/9 | €21,262 | €20,623 | -€640 | -3.0% |
| Other amounts payable | 47/48 | €198,859 | €100,175 | -€98,684 | -49.6% |
| Accrued charges and deferred income | 492/3 | - | €8,392 | +€8,392 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €202,325 | €224,715 | +€22,390 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,402 | €65,461 | +€5,060 | +8.4% |
| Other operating charges | 640/8 | €4,325 | €4,778 | +€453 | +10.5% |
| Gross operating margin | 9900 | €437,049 | €462,760 | +€25,711 | +5.9% |
| Operating profit (loss) | 9901 | €169,997 | €167,805 | -€2,192 | -1.3% |
| Financial income | 75/76B | €1 | €1,587 | +€1,587 | +283350.0% |
| Recurring financial income | 75 | €1 | €1,587 | +€1,587 | +283350.0% |
| Financial charges | 65/66B | €13,081 | €10,475 | -€2,607 | -19.9% |
| Recurring financial charges | 65 | €13,081 | €10,475 | -€2,607 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €156,916 | €158,918 | +€2,001 | +1.3% |
| Income taxes | 67/77 | €30,931 | €43,361 | +€12,430 | +40.2% |
| Profit (loss) for the period | 9904 | €125,986 | €115,557 | -€10,428 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €125,986 | €115,557 | -€10,428 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.