VANDERGUCHT: 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.
VANDERGUCHT
Largest movements
- Current investments +€2.3m
new in 2024: €2.3m
- Cash -€1.4m
down €1.4m (-45.6%), from €3.0m to €1.6m
mainly Current investments (-€2.3m) and Other debts (-€469,088)
- Stocks and contracts -€753,332
down €753,332 (-33.1%), from €2.3m to €1.5m
- Receivables within one year -€456,724
down €456,724 (-24.4%), from €1.9m to €1.4m
of which Trade receivables: -€346,681
- Other debts -€469,088
down €469,088 (-31.7%), from €1.5m to €1.0m
- Reserves +€207,803
up €207,803 (+6.2%), from €3.4m to €3.6m
of which Distributable reserves: +€207,803
- Tax, wage and social debts -€174,268
down €174,268 (-77.6%), from €224,507 to €50,240
of which Taxes: -€103,455
- Trade debts +€109,451
up €109,451 (+10.3%), from €1.1m to €1.2m
- Gross operating margin -€254,989
down €254,989 (-12.5%), from €2.0m to €1.8m
- Taxes -€71,301
down €71,301 (-49.4%), from €144,446 to €73,145
- Depreciation +€49,479
up €49,479 (+69.7%), from €70,953 to €120,433
- Write-downs -€31,171
down €31,171 (-100%), from €31,171 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,723,854 | €7,397,752 | -€326,102 | -4.2% |
| Fixed assets | 21/28 | €237,725 | €216,870 | -€20,854 | -8.8% |
| Tangible fixed assets | 22/27 | €237,459 | €216,605 | -€20,854 | -8.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €31,546 | €26,870 | -€4,676 | -14.8% |
| Furniture and vehicles | 24 | €205,913 | €189,735 | -€16,179 | -7.9% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €7,486,130 | €7,180,882 | -€305,248 | -4.1% |
| Amounts receivable after more than one year | 29 | €335,081 | €335,081 | = | 0.0% |
| Other amounts receivable | 291 | €335,081 | €335,081 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,273,817 | €1,520,486 | -€753,332 | -33.1% |
| Stocks | 30/36 | €2,273,817 | €1,520,486 | -€753,332 | -33.1% |
| Amounts receivable within one year | 40/41 | €1,873,831 | €1,417,107 | -€456,724 | -24.4% |
| Trade receivables | 40 | €1,632,768 | €1,286,087 | -€346,681 | -21.2% |
| Other amounts receivable | 41 | €241,063 | €131,020 | -€110,043 | -45.6% |
| Current investments | 50/53 | - | €2,250,000 | +€2.3m | |
| Cash at bank and in hand | 54/58 | €2,999,029 | €1,630,871 | -€1.4m | -45.6% |
| Deferred charges and accrued income | 490/1 | €4,372 | €27,338 | +€22,966 | +525% |
| Total equity and liabilities | 10/49 | €7,723,854 | €7,397,752 | -€326,102 | -4.2% |
| Equity | 10/15 | €4,857,943 | €5,065,746 | +€207,803 | +4.3% |
| Contributions | 10/11 | €1,489,579 | €1,489,579 | = | 0.0% |
| Reserves | 13 | €3,368,364 | €3,576,167 | +€207,803 | +6.2% |
| Non-distributable reserves | 130/1 | €148,958 | €148,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €148,958 | €148,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €3,163,157 | €3,370,959 | +€207,803 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €96,678 | €96,678 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €96,678 | €96,678 | = | 0.0% |
| Environmental obligations | 163 | - | €96,678 | +€96,678 | |
| Other liabilities and charges | 164/5 | €96,678 | €0 | -€96,678 | -100% |
| Amounts payable | 17/49 | €2,769,233 | €2,235,328 | -€533,905 | -19.3% |
| Amounts payable within one year | 42/48 | €2,769,233 | €2,235,328 | -€533,905 | -19.3% |
| Trade debts | 44 | €1,067,037 | €1,176,488 | +€109,451 | +10.3% |
| Suppliers | 440/4 | €1,067,037 | €1,176,488 | +€109,451 | +10.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €224,507 | €50,240 | -€174,268 | -77.6% |
| Taxes | 450/3 | €103,455 | €0 | -€103,455 | -100% |
| Remuneration and social security | 454/9 | €121,052 | €50,240 | -€70,813 | -58.5% |
| Other amounts payable | 47/48 | €1,477,688 | €1,008,600 | -€469,088 | -31.7% |
| Non-recurring operating income | 76A | €41,933 | €28,456 | -€13,477 | -32.1% |
| Remuneration, social security and pensions | 62 | €1,307,053 | €1,306,792 | -€261 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,953 | €120,433 | +€49,479 | +69.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,171 | €0 | -€31,171 | -100% |
| Other operating charges | 640/8 | €43,027 | €43,282 | +€255 | +0.6% |
| Non-recurring operating charges | 66A | €3,402 | €6,216 | +€2,814 | +82.7% |
| Gross operating margin | 9900 | €2,036,220 | €1,781,230 | -€254,989 | -12.5% |
| Operating profit (loss) | 9901 | €580,613 | €304,507 | -€276,106 | -47.6% |
| Financial income | 75/76B | €7,617 | €4,996 | -€2,621 | -34.4% |
| Recurring financial income | 75 | €7,617 | €4,996 | -€2,621 | -34.4% |
| Financial charges | 65/66B | €30,695 | €28,555 | -€2,140 | -7.0% |
| Recurring financial charges | 65 | €30,695 | €28,555 | -€2,140 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €557,534 | €280,948 | -€276,587 | -49.6% |
| Income taxes | 67/77 | €144,446 | €73,145 | -€71,301 | -49.4% |
| Profit (loss) for the period | 9904 | €413,088 | €207,803 | -€205,285 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €413,088 | €207,803 | -€205,285 | -49.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.