VANDERHEYDEN LIEGE: 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 LIEGE
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
€579,467
2024 · €611,513-€32,046
Equity
€1.6m
2024 · €1.3m+€234,467
Cash
€147,004
2024 · €79,905+€67,099
Balance sheet total
€6.7m
2024 · €6.6m+€76,369
Largest movements
Assets
- Tangible fixed assets +€690,651
up €690,651 (+39.5%), from €1.7m to €2.4m
of which Land and buildings: +€399,040
- Stocks and contracts -€513,540
down €513,540 (-13.7%), from €3.7m to €3.2m
- Receivables within one year -€252,465
down €252,465 (-29.7%), from €850,116 to €597,651
of which Other amounts receivable: -€299,299
- Deferred charges and accrued income +€84,624
up €84,624 (+55.0%), from €153,908 to €238,532
- Cash +€67,099
up €67,099 (+84.0%), from €79,905 to €147,004
mainly Other debts (+€1.0m) and Net result for the year (+€579,467)
Equity and liabilities
- Other debts +€1.0m
up €1.0m (+105%), from €958,000 to €2.0m
- Short-term financial debts -€950,000
down €950,000 (-100%), from €950,000 to €0
- Trade debts -€338,878
down €338,878 (-19.4%), from €1.7m to €1.4m
- Reserves +€234,467
up €234,467 (+26.1%), from €896,854 to €1.1m
of which Distributable reserves: +€234,467
- Tax, wage and social debts +€103,407
up €103,407 (+126%), from €81,887 to €185,294
of which Remuneration and social security: +€90,251
Income statement
- Turnover +€23.6m
new in 2025: €23.6m
- Goods and materials +€20.9m
new in 2025: €20.9m
of which Purchases: +€20.4m
- Gross operating margin -€1.9m
no longer reported in 2025 (was €1.9m)
- Services and other goods +€1.0m
new in 2025: €1.0m
- Other operating income +€431,080
new in 2025: €431,080
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
€611,513
Turnover
+€23.6m
Other operating income
+€431,080
Goods and materials
-€20.9m
Services and other goods
-€1.0m
Staff costs
-€246,902
Depreciation
-€73,187
Write-downs
+€64,785
Other operating charges
+€81
Other operating items
-€1.9m
Financial income
-€26,562
Financial charges
+€81,091
Taxes
+€3,779
Result 2025
€579,467
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
+€2.3m
Investment
-€947,504
Financing
-€1.3m
Cash 2024
€79,905
From operations (derived)
+€2.3m
Net result for the year
+€579,467
Depreciation
+€256,853
Stocks and contracts
+€513,540
Receivables within one year
+€252,465
Deferred charges and accrued income
-€84,624
Trade debts
-€338,878
Tax, wage and social debts
+€103,407
Advances received
+€17,214
Other debts
+€1.0m
Accrued charges and deferred income
-€2,809
Investment (derived)
-€947,504
Investment in fixed assets (net)
-€947,504
Financing
-€1.3m
Debts after one year
-€27,211
Current portion of long-term debt
+€33,179
Short-term financial debts
-€950,000
Contributions, distributions and other
-€345,000
Cash 2025
€147,004
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,577,147 | €6,653,516 | +€76,369 | +1.2% |
| Fixed assets | 21/28 | €1,748,206 | €2,438,857 | +€690,651 | +39.5% |
| Tangible fixed assets | 22/27 | €1,748,206 | €2,438,857 | +€690,651 | +39.5% |
| Land and buildings | 22 | €1,218,677 | €1,617,717 | +€399,040 | +32.7% |
| Plant, machinery and equipment | 23 | €226,256 | €475,346 | +€249,090 | +110% |
| Furniture and vehicles | 24 | €303,273 | €345,794 | +€42,522 | +14.0% |
| Current assets | 29/58 | €4,828,942 | €4,214,659 | -€614,282 | -12.7% |
| Stocks and contracts in progress | 3 | €3,745,013 | €3,231,472 | -€513,540 | -13.7% |
| Stocks | 30/36 | €3,745,013 | €3,231,472 | -€513,540 | -13.7% |
| Goods purchased for resale | 34 | - | €3,231,472 | +€3.2m | |
| Amounts receivable within one year | 40/41 | €850,116 | €597,651 | -€252,465 | -29.7% |
| Trade receivables | 40 | €407,357 | €454,190 | +€46,834 | +11.5% |
| Other amounts receivable | 41 | €442,759 | €143,461 | -€299,299 | -67.6% |
| Cash at bank and in hand | 54/58 | €79,905 | €147,004 | +€67,099 | +84.0% |
| Deferred charges and accrued income | 490/1 | €153,908 | €238,532 | +€84,624 | +55.0% |
| Total equity and liabilities | 10/49 | €6,577,147 | €6,653,516 | +€76,369 | +1.2% |
| Equity | 10/15 | €1,346,854 | €1,581,320 | +€234,467 | +17.4% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €896,854 | €1,131,320 | +€234,467 | +26.1% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €767,654 | €1,002,120 | +€234,467 | +30.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,230,294 | €5,072,196 | -€158,098 | -3.0% |
| Amounts payable after more than one year | 17 | €996,665 | €969,455 | -€27,211 | -2.7% |
| Financial debts | 170/4 | €996,665 | €969,455 | -€27,211 | -2.7% |
| Credit institutions | 173 | - | €969,455 | +€969,455 | |
| Amounts payable within one year | 42/48 | €4,184,076 | €4,055,997 | -€128,079 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €269,603 | €302,782 | +€33,179 | +12.3% |
| Financial debts | 43 | €950,000 | €0 | -€950,000 | -100% |
| Credit institutions | 430/8 | €950,000 | €0 | -€950,000 | -100% |
| Trade debts | 44 | €1,743,850 | €1,404,972 | -€338,878 | -19.4% |
| Suppliers | 440/4 | €1,743,850 | €1,404,972 | -€338,878 | -19.4% |
| Advances received on contracts in progress | 46 | €180,736 | €197,950 | +€17,214 | +9.5% |
| Taxes, remuneration and social security | 45 | €81,887 | €185,294 | +€103,407 | +126% |
| Taxes | 450/3 | €14,532 | €27,688 | +€13,156 | +90.5% |
| Remuneration and social security | 454/9 | €67,354 | €157,606 | +€90,251 | +134% |
| Other amounts payable | 47/48 | €958,000 | €1,965,000 | +€1.0m | +105% |
| Accrued charges and deferred income | 492/3 | €49,552 | €46,744 | -€2,809 | -5.7% |
| Operating income | 70/76A | - | €23,992,558 | +€24.0m | |
| Turnover | 70 | - | €23,561,478 | +€23.6m | |
| Other operating income | 74 | - | €431,080 | +€431,080 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | - | €23,221,369 | +€23.2m | |
| Goods for resale, raw materials and consumables | 60 | - | €20,930,148 | +€20.9m | |
| Purchases | 600/8 | - | €20,380,541 | +€20.4m | |
| Change in stocks: decrease (increase) | 609 | - | €549,607 | +€549,607 | |
| Services and other goods | 61 | - | €1,002,157 | +€1.0m | |
| Remuneration, social security and pensions | 62 | €753,852 | €1,000,754 | +€246,902 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,666 | €256,853 | +€73,187 | +39.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,718 | -€36,066 | -€64,785 | |
| Other operating charges | 640/8 | €67,605 | €67,524 | -€81 | -0.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,895,384 | - | -€1.9m | |
| Operating profit (loss) | 9901 | €861,543 | €771,189 | -€90,354 | -10.5% |
| Financial income | 75/76B | €39,781 | €13,218 | -€26,562 | -66.8% |
| Recurring financial income | 75 | €39,781 | €13,218 | -€26,562 | -66.8% |
| Income from financial fixed assets | 750 | - | €2,484 | +€2,484 | |
| Income from current assets | 751 | - | €10,734 | +€10,734 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €193,296 | €112,205 | -€81,091 | -42.0% |
| Recurring financial charges | 65 | €193,296 | €112,205 | -€81,091 | -42.0% |
| Debt charges | 650 | - | €97,804 | +€97,804 | |
| Other financial charges | 652/9 | - | €14,401 | +€14,401 | |
| Profit (loss) for the period before taxes | 9903 | €708,027 | €672,202 | -€35,825 | -5.1% |
| Income taxes | 67/77 | €96,515 | €92,736 | -€3,779 | -3.9% |
| Taxes | 670/3 | - | €92,736 | +€92,736 | |
| Profit (loss) for the period | 9904 | €611,513 | €579,467 | -€32,046 | -5.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €611,513 | €579,467 | -€32,046 | -5.2% |
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 15 October 2026 via checked.be.