VANDERGUNST: 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.
VANDERGUNST
Largest movements
- Cash +€13,477
up €13,477 (+61.0%), from €22,107 to €35,584
mainly Depreciation (+€13,825) and Net result for the year (+€4,430)
- Tangible fixed assets -€12,810
down €12,810 (-28.6%), from €44,819 to €32,009
of which Furniture and vehicles: -€9,674
- Debts after one year -€8,992
down €8,992 (-51.0%), from €17,631 to €8,640
- Reserves +€4,400
up €4,400 (+49.7%), from €8,860 to €13,260
- Tax, wage and social debts +€3,941
up €3,941 (+64.2%), from €6,142 to €10,083
of which Taxes: +€3,939
- Trade debts +€1,031
up €1,031 (+55.8%), from €1,847 to €2,878
- Gross operating margin +€13,809
up €13,809 (+141.0%), from €9,791 to €23,600
- Taxes +€2,835
up €2,835 (+1439.3%), from €197 to €3,032
- Other operating charges -€1,337
down €1,337 (-60.9%), from €2,196 to €859
- Depreciation -€670
down €670 (-4.6%), from €14,495 to €13,825
- Financial charges -€390
down €390 (-21.2%), from €1,844 to €1,454
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 | €67,676 | €68,515 | +€839 | +1.2% |
| Fixed assets | 21/28 | €44,819 | €32,009 | -€12,810 | -28.6% |
| Tangible fixed assets | 22/27 | €44,819 | €32,009 | -€12,810 | -28.6% |
| Plant, machinery and equipment | 23 | €7,659 | €4,523 | -€3,136 | -40.9% |
| Furniture and vehicles | 24 | €37,160 | €27,486 | -€9,674 | -26.0% |
| Current assets | 29/58 | €22,857 | €36,506 | +€13,649 | +59.7% |
| Cash at bank and in hand | 54/58 | €22,107 | €35,584 | +€13,477 | +61.0% |
| Deferred charges and accrued income | 490/1 | €750 | €922 | +€172 | +22.9% |
| Total equity and liabilities | 10/49 | €67,676 | €68,515 | +€839 | +1.2% |
| Equity | 10/15 | €33,494 | €37,924 | +€4,430 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,860 | €13,260 | +€4,400 | +49.7% |
| Distributable reserves | 133 | €8,860 | €13,260 | +€4,400 | +49.7% |
| Profit (loss) carried forward | 14 | €6,034 | €6,064 | +€30 | +0.5% |
| Amounts payable | 17/49 | €34,182 | €30,592 | -€3,590 | -10.5% |
| Amounts payable after more than one year | 17 | €17,631 | €8,640 | -€8,992 | -51.0% |
| Financial debts | 170/4 | €17,631 | €8,640 | -€8,992 | -51.0% |
| Amounts payable within one year | 42/48 | €16,549 | €21,952 | +€5,403 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €8,560 | €8,991 | +€431 | +5.0% |
| Trade debts | 44 | €1,847 | €2,878 | +€1,031 | +55.8% |
| Suppliers | 440/4 | €1,847 | €2,878 | +€1,031 | +55.8% |
| Taxes, remuneration and social security | 45 | €6,142 | €10,083 | +€3,941 | +64.2% |
| Taxes | 450/3 | €2,461 | €6,400 | +€3,939 | +160.0% |
| Remuneration and social security | 454/9 | €3,681 | €3,683 | +€2 | +0.1% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,495 | €13,825 | -€670 | -4.6% |
| Other operating charges | 640/8 | €2,196 | €859 | -€1,337 | -60.9% |
| Gross operating margin | 9900 | €9,791 | €23,600 | +€13,809 | +141.0% |
| Operating profit (loss) | 9901 | -€6,900 | €8,916 | +€15,816 | |
| Financial charges | 65/66B | €1,844 | €1,454 | -€390 | -21.2% |
| Recurring financial charges | 65 | €1,844 | €1,454 | -€390 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,744 | €7,462 | +€16,206 | |
| Income taxes | 67/77 | €197 | €3,032 | +€2,835 | +1439.3% |
| Profit (loss) for the period | 9904 | -€8,941 | €4,430 | +€13,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,941 | €4,430 | +€13,371 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.