Vanderhaeghe Patrick: what changed
What changed
Vanderhaeghe Patrick
NACE 46.842, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€66,873
2024 · €72,936-€6,063
Equity
€973,080
2024 · €906,207+€66,873
Cash
€516,801
2024 · €313,627+€203,174
Balance sheet total
€2.0m
2024 · €1.8m+€136,345
Largest movements
Assets
- Cash +€203,174
up €203,174 (+64.8%), from €313,627 to €516,801
mainly Net result for the year (+€66,873) and Depreciation (+€58,656)
- Receivables within one year -€53,894
down €53,894 (-6.4%), from €843,614 to €789,720
of which Trade receivables: -€51,686
- Tangible fixed assets -€35,970
down €35,970 (-11.5%), from €313,200 to €277,230
of which Furniture and vehicles: -€27,761
- Stocks and contracts +€25,000
up €25,000 (+7.3%), from €342,650 to €367,650
Equity and liabilities
- Reserves +€66,873
up €66,873 (+7.5%), from €887,615 to €954,488
of which Distributable reserves: +€66,873
- Other debts +€57,427
up €57,427 (+9.4%), from €610,193 to €667,620
- Current portion of long-term debt -€31,465
down €31,465 (-88.1%), from €35,715 to €4,250
- Tax, wage and social debts +€28,415
up €28,415 (+64.0%), from €44,416 to €72,831
of which Taxes: +€15,501
Income statement
- Write-downs -€19,218
down €19,218 (-475%), from -€4,048 to -€23,266
- Gross operating margin -€11,385
down €11,385 (-1.9%), from €611,569 to €600,184
- Financial charges +€10,590
up €10,590 (+27.1%), from €39,127 to €49,717
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€72,936
Gross operating margin
-€11,385
Staff costs
-€5,373
Depreciation
-€2,285
Write-downs
+€19,218
Other operating charges
-€178
Financial income
+€1,726
Financial charges
-€10,590
Taxes
+€2,804
Result 2025
€66,873
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€261,575
Investment
-€22,686
Financing
-€35,715
Cash 2024
€313,627
From operations (derived)
+€261,575
Net result for the year
+€66,873
Depreciation
+€58,656
Stocks and contracts
-€25,000
Receivables within one year
+€53,894
Deferred charges and accrued income
+€1,965
Trade debts
+€10,096
Tax, wage and social debts
+€28,415
Other debts
+€57,427
Accrued charges and deferred income
+€9,249
Investment (derived)
-€22,686
Investment in fixed assets (net)
-€22,686
Financing
-€35,715
Debts after one year
-€4,250
Current portion of long-term debt
-€31,465
Cash 2025
€516,801
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,828,650 | €1,964,995 | +€136,345 | +7.5% |
| Fixed assets | 21/28 | €313,200 | €277,230 | -€35,970 | -11.5% |
| Tangible fixed assets | 22/27 | €313,200 | €277,230 | -€35,970 | -11.5% |
| Land and buildings | 22 | €161,081 | €168,240 | +€7,159 | +4.4% |
| Plant, machinery and equipment | 23 | €43,476 | €28,108 | -€15,368 | -35.3% |
| Furniture and vehicles | 24 | €108,643 | €80,882 | -€27,761 | -25.6% |
| Current assets | 29/58 | €1,515,450 | €1,687,765 | +€172,315 | +11.4% |
| Stocks and contracts in progress | 3 | €342,650 | €367,650 | +€25,000 | +7.3% |
| Stocks | 30/36 | €342,650 | €367,650 | +€25,000 | +7.3% |
| Amounts receivable within one year | 40/41 | €843,614 | €789,720 | -€53,894 | -6.4% |
| Trade receivables | 40 | €793,011 | €741,324 | -€51,686 | -6.5% |
| Other amounts receivable | 41 | €50,603 | €48,395 | -€2,207 | -4.4% |
| Cash at bank and in hand | 54/58 | €313,627 | €516,801 | +€203,174 | +64.8% |
| Deferred charges and accrued income | 490/1 | €15,560 | €13,594 | -€1,965 | -12.6% |
| Total equity and liabilities | 10/49 | €1,828,650 | €1,964,995 | +€136,345 | +7.5% |
| Equity | 10/15 | €906,207 | €973,080 | +€66,873 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €887,615 | €954,488 | +€66,873 | +7.5% |
| Tax-exempt reserves | 132 | €39,181 | €39,181 | = | 0.0% |
| Distributable reserves | 133 | €848,434 | €915,308 | +€66,873 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €922,443 | €991,915 | +€69,472 | +7.5% |
| Amounts payable after more than one year | 17 | €4,250 | €0 | -€4,250 | -100% |
| Financial debts | 170/4 | €4,250 | €0 | -€4,250 | -100% |
| Amounts payable within one year | 42/48 | €883,470 | €947,943 | +€64,473 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €35,715 | €4,250 | -€31,465 | -88.1% |
| Trade debts | 44 | €193,146 | €203,242 | +€10,096 | +5.2% |
| Suppliers | 440/4 | €193,146 | €203,242 | +€10,096 | +5.2% |
| Taxes, remuneration and social security | 45 | €44,416 | €72,831 | +€28,415 | +64.0% |
| Taxes | 450/3 | €5,459 | €20,960 | +€15,501 | +284% |
| Remuneration and social security | 454/9 | €38,957 | €51,871 | +€12,914 | +33.1% |
| Other amounts payable | 47/48 | €610,193 | €667,620 | +€57,427 | +9.4% |
| Accrued charges and deferred income | 492/3 | €34,723 | €43,972 | +€9,249 | +26.6% |
| Non-recurring operating income | 76A | €8,502 | €0 | -€8,502 | -100% |
| Remuneration, social security and pensions | 62 | €410,250 | €415,623 | +€5,373 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,371 | €58,656 | +€2,285 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,048 | -€23,266 | -€19,218 | -475% |
| Other operating charges | 640/8 | €15,963 | €16,140 | +€178 | +1.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €611,569 | €600,184 | -€11,385 | -1.9% |
| Operating profit (loss) | 9901 | €133,033 | €133,031 | -€3 | 0.0% |
| Financial income | 75/76B | €8,089 | €9,815 | +€1,726 | +21.3% |
| Recurring financial income | 75 | €8,089 | €9,815 | +€1,726 | +21.3% |
| Financial charges | 65/66B | €39,127 | €49,717 | +€10,590 | +27.1% |
| Recurring financial charges | 65 | €39,127 | €49,717 | +€10,590 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €101,995 | €93,129 | -€8,867 | -8.7% |
| Income taxes | 67/77 | €29,059 | €26,255 | -€2,804 | -9.6% |
| Profit (loss) for the period | 9904 | €72,936 | €66,873 | -€6,063 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,936 | €66,873 | -€6,063 | -8.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.