VANDERFIL: 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.
What changed
VANDERFIL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,434
2024 · €16,175-€2,740
Equity
€668,725
2024 · €655,290+€13,434
Cash
€52,432
2024 · €61,143-€8,710
Balance sheet total
€7.7m
2024 · €8.0m-€228,197
Largest movements
Assets
- Tangible fixed assets -€227,057
down €227,057 (-2.9%), from €7.9m to €7.6m
of which Land and buildings: -€228,876
Equity and liabilities
- Debts after one year -€266,005
down €266,005 (-4.1%), from €6.5m to €6.2m
of which Financial debts: -€182,010
Income statement
- Gross operating margin -€5,316
down €5,316 (-1.3%), from €411,691 to €406,375
- Financial charges -€4,372
down €4,372 (-3.3%), from €133,342 to €128,971
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.
Result 2024
€16,175
Gross operating margin
-€5,316
Depreciation
-€810
Other operating charges
-€1,047
Financial income
+€61
Financial charges
+€4,372
Result 2025
€13,434
raises the resultlowers the result
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.
From operations
+€259,456
Investment
-€6,761
Financing
-€261,406
Cash 2024
€61,143
From operations (derived)
+€259,456
Net result for the year
+€13,434
Depreciation
+€233,818
Receivables within one year
-€6,771
Deferred charges and accrued income
-€798
Trade debts
-€1,265
Tax, wage and social debts
-€1,114
Other debts
+€21,563
Accrued charges and deferred income
+€589
Investment (derived)
-€6,761
Investment in fixed assets (net)
-€6,761
Financing
-€261,406
Debts after one year
-€266,005
Current portion of long-term debt
+€4,599
Cash 2025
€52,432
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,954,969 | €7,726,772 | -€228,197 | -2.9% |
| Fixed assets | 21/28 | €7,874,596 | €7,647,540 | -€227,057 | -2.9% |
| Tangible fixed assets | 22/27 | €7,874,596 | €7,647,540 | -€227,057 | -2.9% |
| Land and buildings | 22 | €7,858,652 | €7,629,776 | -€228,876 | -2.9% |
| Plant, machinery and equipment | 23 | - | €1,819 | +€1,819 | |
| Assets under construction and advance payments | 27 | €15,945 | €15,945 | = | 0.0% |
| Current assets | 29/58 | €80,373 | €79,232 | -€1,141 | -1.4% |
| Amounts receivable within one year | 40/41 | €16,397 | €23,169 | +€6,771 | +41.3% |
| Trade receivables | 40 | €15,946 | €22,387 | +€6,441 | +40.4% |
| Other amounts receivable | 41 | €451 | €781 | +€330 | +73.2% |
| Cash at bank and in hand | 54/58 | €61,143 | €52,432 | -€8,710 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,833 | €3,632 | +€798 | +28.2% |
| Total equity and liabilities | 10/49 | €7,954,969 | €7,726,772 | -€228,197 | -2.9% |
| Equity | 10/15 | €655,290 | €668,725 | +€13,434 | +2.1% |
| Contributions | 10/11 | €1,117,000 | €1,117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€461,710 | -€448,275 | +€13,434 | +2.9% |
| Amounts payable | 17/49 | €7,299,679 | €7,058,048 | -€241,632 | -3.3% |
| Amounts payable after more than one year | 17 | €6,476,486 | €6,210,481 | -€266,005 | -4.1% |
| Financial debts | 170/4 | €1,597,040 | €1,415,031 | -€182,010 | -11.4% |
| Other amounts payable | 178/9 | €4,879,445 | €4,795,450 | -€83,995 | -1.7% |
| Amounts payable within one year | 42/48 | €808,369 | €832,153 | +€23,784 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €261,406 | €266,005 | +€4,599 | +1.8% |
| Trade debts | 44 | €13,111 | €11,846 | -€1,265 | -9.6% |
| Suppliers | 440/4 | €13,111 | €11,846 | -€1,265 | -9.6% |
| Taxes, remuneration and social security | 45 | €13,511 | €12,398 | -€1,114 | -8.2% |
| Taxes | 450/3 | €13,511 | €12,398 | -€1,114 | -8.2% |
| Other amounts payable | 47/48 | €520,341 | €541,904 | +€21,563 | +4.1% |
| Accrued charges and deferred income | 492/3 | €14,825 | €15,414 | +€589 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,008 | €233,818 | +€810 | +0.3% |
| Other operating charges | 640/8 | €29,247 | €30,293 | +€1,047 | +3.6% |
| Gross operating margin | 9900 | €411,691 | €406,375 | -€5,316 | -1.3% |
| Operating profit (loss) | 9901 | €149,436 | €142,263 | -€7,173 | -4.8% |
| Financial income | 75/76B | €81 | €141 | +€61 | +75.0% |
| Recurring financial income | 75 | €81 | €141 | +€61 | +75.0% |
| Financial charges | 65/66B | €133,342 | €128,971 | -€4,372 | -3.3% |
| Recurring financial charges | 65 | €133,342 | €128,971 | -€4,372 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €16,175 | €13,434 | -€2,740 | -16.9% |
| Profit (loss) for the period | 9904 | €16,175 | €13,434 | -€2,740 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,175 | €13,434 | -€2,740 | -16.9% |
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 29 October 2026 via checked.be.