VANDERHEYDEN EUPEN: 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.
What changed
VANDERHEYDEN EUPEN
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,622
2024 · -€43,149+€80,771
Equity
€1.2m
2024 · €1.2m+€37,622
Cash
€168,074
2024 · €26,785+€141,289
Balance sheet total
€5.0m
2024 · €6.7m-€1.7m
Largest movements
Assets
- Stocks and contracts -€2.3m
down €2.3m (-52.8%), from €4.3m to €2.0m
- Receivables within one year +€292,744
up €292,744 (+39.9%), from €733,946 to €1.0m
of which Other amounts receivable: +€448,583
- Cash +€141,289
up €141,289 (+528%), from €26,785 to €168,074
mainly Stocks and contracts (+€2.3m) and Depreciation (+€243,470)
- Deferred charges and accrued income +€132,425
up €132,425 (+219%), from €60,381 to €192,806
Equity and liabilities
- Trade debts -€964,291
down €964,291 (-71.2%), from €1.4m to €389,317
- Other debts -€764,000
down €764,000 (-24.8%), from €3.1m to €2.3m
- Short-term financial debts -€200,000
down €200,000 (-100%), from €200,000 to €0
- Debts after one year +€106,987
up €106,987 (+32.1%), from €333,196 to €440,183
Income statement
- Turnover +€17.3m
new in 2025: €17.3m
- Goods and materials +€15.5m
new in 2025: €15.5m
of which Purchases: +€13.2m
- Services and other goods +€1.0m
new in 2025: €1.0m
- Gross operating margin -€900,552
no longer reported in 2025 (was €900,552)
- Other operating income +€320,398
new in 2025: €320,398
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
-€43,149
Turnover
+€17.3m
Other operating income
+€320,398
Goods and materials
-€15.5m
Services and other goods
-€1.0m
Staff costs
-€68,651
Depreciation
-€26,983
Write-downs
+€31,719
Other operating charges
-€11,106
Other operating items
-€900,552
Financial income
+€17,363
Financial charges
+€6,568
Taxes
-€6,960
Result 2025
€37,622
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€495,812
Investment
-€287,029
Financing
-€67,493
Cash 2024
€26,785
From operations (derived)
+€495,812
Net result for the year
+€37,622
Depreciation
+€243,470
Stocks and contracts
+€2.3m
Receivables within one year
-€292,744
Deferred charges and accrued income
-€132,425
Trade debts
-€964,291
Tax, wage and social debts
+€39,861
Advances received
+€54,254
Other debts
-€764,000
Accrued charges and deferred income
+€4,703
Investment (derived)
-€287,029
Investment in fixed assets (net)
-€287,029
Financing
-€67,493
Debts after one year
+€106,987
Current portion of long-term debt
+€25,520
Short-term financial debts
-€200,000
Cash 2025
€168,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,694,926 | €5,035,582 | -€1.7m | -24.8% |
| Fixed assets | 21/28 | €1,575,735 | €1,619,295 | +€43,559 | +2.8% |
| Tangible fixed assets | 22/27 | €1,575,735 | €1,619,295 | +€43,559 | +2.8% |
| Land and buildings | 22 | €782,373 | €727,604 | -€54,769 | -7.0% |
| Plant, machinery and equipment | 23 | €457,974 | €443,012 | -€14,962 | -3.3% |
| Furniture and vehicles | 24 | €335,388 | €448,679 | +€113,291 | +33.8% |
| Current assets | 29/58 | €5,119,190 | €3,416,287 | -€1.7m | -33.3% |
| Stocks and contracts in progress | 3 | €4,298,079 | €2,028,717 | -€2.3m | -52.8% |
| Stocks | 30/36 | €4,298,079 | €2,028,717 | -€2.3m | -52.8% |
| Goods purchased for resale | 34 | - | €2,028,717 | +€2.0m | |
| Amounts receivable within one year | 40/41 | €733,946 | €1,026,691 | +€292,744 | +39.9% |
| Trade receivables | 40 | €390,743 | €234,904 | -€155,838 | -39.9% |
| Other amounts receivable | 41 | €343,204 | €791,786 | +€448,583 | +131% |
| Cash at bank and in hand | 54/58 | €26,785 | €168,074 | +€141,289 | +528% |
| Deferred charges and accrued income | 490/1 | €60,381 | €192,806 | +€132,425 | +219% |
| Total equity and liabilities | 10/49 | €6,694,926 | €5,035,582 | -€1.7m | -24.8% |
| Equity | 10/15 | €1,160,160 | €1,197,782 | +€37,622 | +3.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,010,160 | €1,047,782 | +€37,622 | +3.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,672 | €84,672 | = | 0.0% |
| Distributable reserves | 133 | €910,488 | €948,110 | +€37,622 | +4.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,534,766 | €3,837,800 | -€1.7m | -30.7% |
| Amounts payable after more than one year | 17 | €333,196 | €440,183 | +€106,987 | +32.1% |
| Financial debts | 170/4 | €333,196 | €440,183 | +€106,987 | +32.1% |
| Credit institutions | 173 | - | €440,183 | +€440,183 | |
| Amounts payable within one year | 42/48 | €5,069,693 | €3,261,036 | -€1.8m | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €125,069 | €150,589 | +€25,520 | +20.4% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €1,353,608 | €389,317 | -€964,291 | -71.2% |
| Suppliers | 440/4 | €1,353,608 | €389,317 | -€964,291 | -71.2% |
| Advances received on contracts in progress | 46 | €227,663 | €281,917 | +€54,254 | +23.8% |
| Taxes, remuneration and social security | 45 | €86,353 | €126,214 | +€39,861 | +46.2% |
| Taxes | 450/3 | €16,601 | €50,698 | +€34,097 | +205% |
| Remuneration and social security | 454/9 | €69,752 | €75,516 | +€5,764 | +8.3% |
| Other amounts payable | 47/48 | €3,077,000 | €2,313,000 | -€764,000 | -24.8% |
| Accrued charges and deferred income | 492/3 | €131,877 | €136,581 | +€4,703 | +3.6% |
| Operating income | 70/76A | - | €17,593,892 | +€17.6m | |
| Turnover | 70 | - | €17,273,495 | +€17.3m | |
| Other operating income | 74 | - | €320,398 | +€320,398 | |
| Operating charges | 60/66A | - | €17,412,610 | +€17.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €15,524,210 | +€15.5m | |
| Purchases | 600/8 | - | €13,233,829 | +€13.2m | |
| Change in stocks: decrease (increase) | 609 | - | €2,290,382 | +€2.3m | |
| Services and other goods | 61 | - | €1,030,309 | +€1.0m | |
| Remuneration, social security and pensions | 62 | €523,003 | €591,654 | +€68,651 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,487 | €243,470 | +€26,983 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,927 | -€26,793 | -€31,719 | |
| Other operating charges | 640/8 | €38,653 | €49,759 | +€11,106 | +28.7% |
| Gross operating margin | 9900 | €900,552 | - | -€900,552 | |
| Operating profit (loss) | 9901 | €117,482 | €181,283 | +€63,800 | +54.3% |
| Financial income | 75/76B | €1,940 | €19,303 | +€17,363 | +895% |
| Recurring financial income | 75 | €1,940 | €19,303 | +€17,363 | +895% |
| Income from financial fixed assets | 750 | - | €2,484 | +€2,484 | |
| Income from current assets | 751 | - | €16,819 | +€16,819 | |
| Other financial income | 752/9 | - | €0 | = | |
| Financial charges | 65/66B | €161,317 | €154,749 | -€6,568 | -4.1% |
| Recurring financial charges | 65 | €161,317 | €154,749 | -€6,568 | -4.1% |
| Debt charges | 650 | - | €150,782 | +€150,782 | |
| Other financial charges | 652/9 | - | €3,967 | +€3,967 | |
| Profit (loss) for the period before taxes | 9903 | -€41,895 | €45,836 | +€87,731 | |
| Income taxes | 67/77 | €1,254 | €8,214 | +€6,960 | +555% |
| Taxes | 670/3 | - | €8,214 | +€8,214 | |
| Profit (loss) for the period | 9904 | -€43,149 | €37,622 | +€80,771 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,149 | €37,622 | +€80,771 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.