VANDERGOTEN: 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.
VANDERGOTEN
Largest movements
- Cash +€47,891
up €47,891 (+65.3%), from €73,367 to €121,258
mainly Net result for the year (+€43,418) and Tax, wage and social debts (+€3,365)
- Profit (loss) carried forward +€43,418
up €43,418 (+54.0%), from €80,443 to €123,861
- Tax, wage and social debts +€3,365
new in 2025: €3,365
- Gross operating margin +€8,653
up €8,653 (+16.9%), from €51,198 to €59,851
- Taxes +€3,290
up €3,290 (+25.3%), from €13,028 to €16,319
- Financial income +€944
up €944 (+1068.5%), from €88 to €1,032
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 | €84,972 | €132,536 | +€47,564 | +56.0% |
| Current assets | 29/58 | €84,972 | €132,536 | +€47,564 | +56.0% |
| Amounts receivable within one year | 40/41 | €9,997 | €9,500 | -€497 | -5.0% |
| Trade receivables | 40 | €8,000 | €9,000 | +€1,000 | +12.5% |
| Other amounts receivable | 41 | €1,997 | €500 | -€1,497 | -75.0% |
| Cash at bank and in hand | 54/58 | €73,367 | €121,258 | +€47,891 | +65.3% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,778 | +€169 | +10.5% |
| Total equity and liabilities | 10/49 | €84,972 | €132,536 | +€47,564 | +56.0% |
| Equity | 10/15 | €82,943 | €126,361 | +€43,418 | +52.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,443 | €123,861 | +€43,418 | +54.0% |
| Amounts payable | 17/49 | €2,029 | €6,174 | +€4,145 | +204.3% |
| Amounts payable within one year | 42/48 | €2,029 | €6,174 | +€4,145 | +204.3% |
| Trade debts | 44 | €514 | €147 | -€367 | -71.5% |
| Suppliers | 440/4 | €514 | €147 | -€367 | -71.5% |
| Taxes, remuneration and social security | 45 | - | €3,365 | +€3,365 | |
| Taxes | 450/3 | - | €3,365 | +€3,365 | |
| Other amounts payable | 47/48 | €1,515 | €2,663 | +€1,148 | +75.7% |
| Other operating charges | 640/8 | €671 | €998 | +€327 | +48.7% |
| Gross operating margin | 9900 | €51,198 | €59,851 | +€8,653 | +16.9% |
| Operating profit (loss) | 9901 | €50,527 | €58,853 | +€8,326 | +16.5% |
| Financial income | 75/76B | €88 | €1,032 | +€944 | +1068.5% |
| Recurring financial income | 75 | €88 | €1,032 | +€944 | +1068.5% |
| Financial charges | 65/66B | €96 | €148 | +€52 | +54.6% |
| Recurring financial charges | 65 | €96 | €148 | +€52 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €50,520 | €59,737 | +€9,217 | +18.2% |
| Income taxes | 67/77 | €13,028 | €16,319 | +€3,290 | +25.3% |
| Profit (loss) for the period | 9904 | €37,491 | €43,418 | +€5,927 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,491 | €43,418 | +€5,927 | +15.8% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.