VANDEREVIERE: 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.
VANDEREVIERE
Largest movements
- Cash +€12,870
up €12,870 (+17.4%), from €73,865 to €86,736
mainly Net result for the year (+€8,301) and Depreciation (+€4,819)
- Tangible fixed assets -€4,819
down €4,819 (-21.8%), from €22,115 to €17,296
- Reserves +€10,780
up €10,780 (+9.4%), from €114,890 to €125,670
- Tax, wage and social debts -€2,540
down €2,540 (-37.4%), from €6,795 to €4,255
of which Taxes: -€2,558
- Contributions -€2,479
down €2,479 (-9.1%), from €27,268 to €24,789
- Trade debts +€1,867
up €1,867 (+77.1%), from €2,422 to €4,288
- Gross operating margin -€3,098
down €3,098 (-14.9%), from €20,755 to €17,657
- Taxes -€1,109
down €1,109 (-26.3%), from €4,214 to €3,105
- Depreciation +€217
up €217 (+4.7%), from €4,602 to €4,819
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 | €154,894 | €162,091 | +€7,197 | +4.6% |
| Fixed assets | 21/28 | €22,190 | €17,371 | -€4,819 | -21.7% |
| Tangible fixed assets | 22/27 | €22,115 | €17,296 | -€4,819 | -21.8% |
| Land and buildings | 22 | €15,680 | €13,348 | -€2,332 | -14.9% |
| Plant, machinery and equipment | 23 | €4,890 | €3,574 | -€1,316 | -26.9% |
| Furniture and vehicles | 24 | €1,546 | €375 | -€1,171 | -75.7% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €132,704 | €144,720 | +€12,016 | +9.1% |
| Stocks and contracts in progress | 3 | €56,158 | €56,679 | +€521 | +0.9% |
| Stocks | 30/36 | €56,158 | €56,679 | +€521 | +0.9% |
| Amounts receivable within one year | 40/41 | €2,681 | €1,306 | -€1,375 | -51.3% |
| Trade receivables | 40 | €188 | €60 | -€128 | -68.0% |
| Other amounts receivable | 41 | €2,492 | €1,245 | -€1,247 | -50.0% |
| Cash at bank and in hand | 54/58 | €73,865 | €86,736 | +€12,870 | +17.4% |
| Total equity and liabilities | 10/49 | €154,894 | €162,091 | +€7,197 | +4.6% |
| Equity | 10/15 | €142,158 | €150,459 | +€8,301 | +5.8% |
| Contributions | 10/11 | €27,268 | €24,789 | -€2,479 | -9.1% |
| Reserves | 13 | €114,890 | €125,670 | +€10,780 | +9.4% |
| Distributable reserves | 133 | €114,890 | €125,670 | +€10,780 | +9.4% |
| Amounts payable | 17/49 | €12,736 | €11,632 | -€1,104 | -8.7% |
| Amounts payable within one year | 42/48 | €12,736 | €11,632 | -€1,104 | -8.7% |
| Trade debts | 44 | €2,422 | €4,288 | +€1,867 | +77.1% |
| Suppliers | 440/4 | €2,422 | €4,288 | +€1,867 | +77.1% |
| Advances received on contracts in progress | 46 | - | €79 | +€79 | |
| Taxes, remuneration and social security | 45 | €6,795 | €4,255 | -€2,540 | -37.4% |
| Taxes | 450/3 | €4,474 | €1,916 | -€2,558 | -57.2% |
| Remuneration and social security | 454/9 | €2,321 | €2,339 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €3,520 | €3,010 | -€510 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,602 | €4,819 | +€217 | +4.7% |
| Other operating charges | 640/8 | €1,066 | €952 | -€114 | -10.7% |
| Gross operating margin | 9900 | €20,755 | €17,657 | -€3,098 | -14.9% |
| Operating profit (loss) | 9901 | €15,087 | €11,886 | -€3,202 | -21.2% |
| Financial income | 75/76B | €0 | €98 | +€98 | |
| Recurring financial income | 75 | €0 | €98 | +€98 | |
| Financial charges | 65/66B | €465 | €578 | +€113 | +24.4% |
| Recurring financial charges | 65 | €465 | €578 | +€113 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €14,623 | €11,405 | -€3,217 | -22.0% |
| Income taxes | 67/77 | €4,214 | €3,105 | -€1,109 | -26.3% |
| Profit (loss) for the period | 9904 | €10,409 | €8,301 | -€2,108 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,409 | €8,301 | -€2,108 | -20.3% |
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 30 October 2026 via checked.be.