VANDERHAEGHEN: 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.
VANDERHAEGHEN
Largest movements
- Cash +€53,104
up €53,104 (+199.3%), from €26,648 to €79,752
mainly Deferred charges and accrued income (+€52,913) and Net result for the year (+€11,964)
- Deferred charges and accrued income -€52,913
down €52,913 (-86.9%), from €60,925 to €8,012
- Tangible fixed assets +€15,951
up €15,951 (+3268.7%), from €488 to €16,439
of which Furniture and vehicles: +€16,316
- Reserves +€11,964
up €11,964 (+149.6%), from €7,999 to €19,963
of which Distributable reserves: +€11,964
- Trade debts +€5,320
up €5,320 (+46.1%), from €11,537 to €16,857
- Other debts -€1,913
down €1,913 (-4.7%), from €40,295 to €38,383
- Turnover +€102,194
new in 2025: €102,194
- Purchases and services +€81,267
new in 2025: €81,267
- Gross operating margin -€7,460
down €7,460 (-23.0%), from €32,436 to €24,976
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 | €88,433 | €104,574 | +€16,141 | +18.3% |
| Fixed assets | 21/28 | €860 | €16,811 | +€15,951 | +1855.1% |
| Tangible fixed assets | 22/27 | €488 | €16,439 | +€15,951 | +3268.7% |
| Furniture and vehicles | 24 | - | €16,316 | +€16,316 | |
| Other tangible fixed assets | 26 | €488 | €122 | -€366 | -74.9% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €87,573 | €87,763 | +€191 | +0.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €26,648 | €79,752 | +€53,104 | +199.3% |
| Deferred charges and accrued income | 490/1 | €60,925 | €8,012 | -€52,913 | -86.9% |
| Total equity and liabilities | 10/49 | €88,433 | €104,574 | +€16,141 | +18.3% |
| Equity | 10/15 | €26,591 | €38,555 | +€11,964 | +45.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,999 | €19,963 | +€11,964 | +149.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €6,140 | €18,104 | +€11,964 | +194.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €61,842 | €66,019 | +€4,177 | +6.8% |
| Amounts payable within one year | 42/48 | €61,842 | €66,019 | +€4,177 | +6.8% |
| Trade debts | 44 | €11,537 | €16,857 | +€5,320 | +46.1% |
| Suppliers | 440/4 | €11,537 | €16,857 | +€5,320 | +46.1% |
| Taxes, remuneration and social security | 45 | €10,009 | €10,779 | +€770 | +7.7% |
| Taxes | 450/3 | €9,340 | €10,110 | +€770 | +8.2% |
| Remuneration and social security | 454/9 | €669 | €669 | = | 0.0% |
| Other amounts payable | 47/48 | €40,295 | €38,383 | -€1,913 | -4.7% |
| Turnover | 70 | - | €102,194 | +€102,194 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €81,267 | +€81,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €528 | +€163 | +44.4% |
| Other operating charges | 640/8 | €880 | €967 | +€86 | +9.8% |
| Gross operating margin | 9900 | €32,436 | €24,976 | -€7,460 | -23.0% |
| Operating profit (loss) | 9901 | €31,190 | €23,481 | -€7,709 | -24.7% |
| Financial income | 75/76B | €38 | €402 | +€364 | +955.4% |
| Recurring financial income | 75 | €38 | €402 | +€364 | +955.4% |
| Financial charges | 65/66B | €1,526 | €1,689 | +€162 | +10.6% |
| Recurring financial charges | 65 | €1,526 | €1,689 | +€162 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €29,702 | €22,195 | -€7,508 | -25.3% |
| Income taxes | 67/77 | €10,306 | €10,230 | -€76 | -0.7% |
| Profit (loss) for the period | 9904 | €19,396 | €11,964 | -€7,432 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,396 | €11,964 | -€7,432 | -38.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.