Vanderheyden: 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.
What changed
Vanderheyden
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€74
2024 · €841-€767
Equity
€221,157
2024 · €221,083+€74
Cash
€1,545
2024 · €6,829-€5,284
Balance sheet total
€531,218
2024 · €574,693-€43,475
Largest movements
Assets
- Stocks and contracts -€79,137
down €79,137 (-46.3%), from €170,766 to €91,629
- Receivables within one year +€53,465
up €53,465 (+17.9%), from €298,595 to €352,060
of which Trade receivables: +€58,694
- Tangible fixed assets -€14,654
down €14,654 (-15.0%), from €97,440 to €82,786
of which Land and buildings: -€14,310
Equity and liabilities
- Short-term financial debts -€30,000
down €30,000 (-10.0%), from €300,000 to €270,000
- Debts after one year -€12,584
down €12,584 (-74.8%), from €16,822 to €4,238
Income statement
- Gross operating margin -€23,483
down €23,483 (-17.1%), from €136,991 to €113,508
- Staff costs -€14,939
down €14,939 (-16.4%), from €91,179 to €76,240
- Financial charges -€3,745
down €3,745 (-20.4%), from €18,345 to €14,600
- Write-downs -€2,066
down €2,066 (-100.0%), from €2,066 to €0
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.
Result 2024
€841
Gross operating margin
-€23,483
Staff costs
+€14,939
Depreciation
+€1,119
Write-downs
+€2,066
Other operating charges
-€9
Financial income
-€20
Financial charges
+€3,745
Taxes
+€876
Result 2025
€74
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.
From operations
+€37,110
Investment
€0
Financing
-€42,394
Cash 2024
€6,829
From operations (derived)
+€37,110
Net result for the year
+€74
Depreciation
+€14,654
Stocks and contracts
+€79,137
Receivables within one year
-€53,465
Deferred charges and accrued income
-€2,135
Trade debts
+€838
Tax, wage and social debts
-€1,215
Accrued charges and deferred income
-€778
Financing
-€42,394
Debts after one year
-€12,584
Current portion of long-term debt
+€190
Short-term financial debts
-€30,000
Cash 2025
€1,545
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €574,693 | €531,218 | -€43,475 | -7.6% |
| Fixed assets | 21/28 | €98,503 | €83,849 | -€14,654 | -14.9% |
| Tangible fixed assets | 22/27 | €97,440 | €82,786 | -€14,654 | -15.0% |
| Land and buildings | 22 | €96,065 | €81,754 | -€14,310 | -14.9% |
| Plant, machinery and equipment | 23 | €1,375 | €1,031 | -€344 | -25.0% |
| Financial fixed assets | 28 | €1,063 | €1,063 | = | 0.0% |
| Current assets | 29/58 | €476,190 | €447,368 | -€28,821 | -6.1% |
| Stocks and contracts in progress | 3 | €170,766 | €91,629 | -€79,137 | -46.3% |
| Stocks | 30/36 | €170,766 | €91,629 | -€79,137 | -46.3% |
| Amounts receivable within one year | 40/41 | €298,595 | €352,060 | +€53,465 | +17.9% |
| Trade receivables | 40 | €293,367 | €352,060 | +€58,694 | +20.0% |
| Other amounts receivable | 41 | €5,228 | €0 | -€5,228 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,829 | €1,545 | -€5,284 | -77.4% |
| Deferred charges and accrued income | 490/1 | €0 | €2,135 | +€2,135 | |
| Total equity and liabilities | 10/49 | €574,693 | €531,218 | -€43,475 | -7.6% |
| Equity | 10/15 | €221,083 | €221,157 | +€74 | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €174,159 | €174,159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,159 | €11,159 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,924 | €16,998 | +€74 | +0.4% |
| Amounts payable | 17/49 | €353,610 | €310,061 | -€43,549 | -12.3% |
| Amounts payable after more than one year | 17 | €16,822 | €4,238 | -€12,584 | -74.8% |
| Financial debts | 170/4 | €16,822 | €4,238 | -€12,584 | -74.8% |
| Amounts payable within one year | 42/48 | €332,782 | €302,595 | -€30,187 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €12,394 | €12,584 | +€190 | +1.5% |
| Financial debts | 43 | €300,000 | €270,000 | -€30,000 | -10.0% |
| Credit institutions | 430/8 | €300,000 | €270,000 | -€30,000 | -10.0% |
| Trade debts | 44 | €9,461 | €10,299 | +€838 | +8.9% |
| Suppliers | 440/4 | €9,461 | €10,299 | +€838 | +8.9% |
| Taxes, remuneration and social security | 45 | €10,927 | €9,712 | -€1,215 | -11.1% |
| Taxes | 450/3 | €900 | €3,544 | +€2,644 | +293.7% |
| Remuneration and social security | 454/9 | €10,026 | €6,167 | -€3,859 | -38.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,006 | €3,228 | -€778 | -19.4% |
| Remuneration, social security and pensions | 62 | €91,179 | €76,240 | -€14,939 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,773 | €14,654 | -€1,119 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,066 | €0 | -€2,066 | -100.0% |
| Other operating charges | 640/8 | €7,302 | €7,311 | +€9 | +0.1% |
| Gross operating margin | 9900 | €136,991 | €113,508 | -€23,483 | -17.1% |
| Operating profit (loss) | 9901 | €20,671 | €15,303 | -€5,368 | -26.0% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €18,345 | €14,600 | -€3,745 | -20.4% |
| Recurring financial charges | 65 | €18,345 | €14,600 | -€3,745 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €2,346 | €702 | -€1,643 | -70.1% |
| Income taxes | 67/77 | €1,505 | €629 | -€876 | -58.2% |
| Profit (loss) for the period | 9904 | €841 | €74 | -€767 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €841 | €74 | -€767 | -91.2% |
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 2 October 2026 via checked.be.