VANDERHEYDEN LONCIN: 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.
VANDERHEYDEN LONCIN
Largest movements
- Stocks and contracts -€991,986
down €991,986 (-36.2%), from €2.7m to €1.7m
- Receivables within one year -€94,170
down €94,170 (-19.7%), from €476,933 to €382,763
of which Other amounts receivable: -€81,287
- Tangible fixed assets -€54,498
down €54,498 (-8.6%), from €637,403 to €582,904
of which Furniture and vehicles: -€27,767
- Deferred charges and accrued income +€47,376
up €47,376 (+73.2%), from €64,758 to €112,134
- Other debts -€1.1m
down €1.1m (-62.5%), from €1.8m to €668,002
- Trade debts -€505,235
down €505,235 (-52.1%), from €969,831 to €464,596
- Reserves +€220,197
up €220,197 (+30.5%), from €721,638 to €941,836
of which Distributable reserves: +€220,197
- Debts after one year +€217,492
up €217,492 (+585%), from €37,208 to €254,701
- Tax, wage and social debts +€54,537
up €54,537 (+68.3%), from €79,794 to €134,331
of which Remuneration and social security: +€50,834
- Gross operating margin +€346,789
up €346,789 (+28.5%), from €1.2m to €1.6m
- Staff costs +€208,063
up €208,063 (+37.2%), from €559,700 to €767,763
- Financial charges -€29,913
down €29,913 (-34.2%), from €87,432 to €57,519
- Write-downs +€25,875
up €25,875, from -€24,736 to €1,139
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,994,721 | €2,896,571 | -€1.1m | -27.5% |
| Fixed assets | 21/28 | €637,403 | €582,904 | -€54,498 | -8.6% |
| Tangible fixed assets | 22/27 | €637,403 | €582,904 | -€54,498 | -8.6% |
| Land and buildings | 22 | €218,829 | €218,829 | = | 0.0% |
| Plant, machinery and equipment | 23 | €342,745 | €316,013 | -€26,732 | -7.8% |
| Furniture and vehicles | 24 | €75,829 | €48,062 | -€27,767 | -36.6% |
| Current assets | 29/58 | €3,357,318 | €2,313,666 | -€1.0m | -31.1% |
| Stocks and contracts in progress | 3 | €2,737,599 | €1,745,613 | -€991,986 | -36.2% |
| Stocks | 30/36 | €2,737,599 | €1,745,613 | -€991,986 | -36.2% |
| Amounts receivable within one year | 40/41 | €476,933 | €382,763 | -€94,170 | -19.7% |
| Trade receivables | 40 | €308,104 | €295,221 | -€12,884 | -4.2% |
| Other amounts receivable | 41 | €168,829 | €87,542 | -€81,287 | -48.1% |
| Cash at bank and in hand | 54/58 | €78,027 | €73,157 | -€4,870 | -6.2% |
| Deferred charges and accrued income | 490/1 | €64,758 | €112,134 | +€47,376 | +73.2% |
| Total equity and liabilities | 10/49 | €3,994,721 | €2,896,571 | -€1.1m | -27.5% |
| Equity | 10/15 | €971,638 | €1,191,836 | +€220,197 | +22.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €721,638 | €941,836 | +€220,197 | +30.5% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €696,638 | €916,836 | +€220,197 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,023,082 | €1,704,735 | -€1.3m | -43.6% |
| Amounts payable after more than one year | 17 | €37,208 | €254,701 | +€217,492 | +585% |
| Financial debts | 170/4 | €37,208 | €254,701 | +€217,492 | +585% |
| Amounts payable within one year | 42/48 | €2,932,204 | €1,408,036 | -€1.5m | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €9,792 | €39,709 | +€29,917 | +306% |
| Trade debts | 44 | €969,831 | €464,596 | -€505,235 | -52.1% |
| Suppliers | 440/4 | €969,831 | €464,596 | -€505,235 | -52.1% |
| Advances received on contracts in progress | 46 | €92,739 | €101,399 | +€8,659 | +9.3% |
| Taxes, remuneration and social security | 45 | €79,794 | €134,331 | +€54,537 | +68.3% |
| Taxes | 450/3 | €14,428 | €18,131 | +€3,703 | +25.7% |
| Remuneration and social security | 454/9 | €65,365 | €116,199 | +€50,834 | +77.8% |
| Other amounts payable | 47/48 | €1,780,048 | €668,002 | -€1.1m | -62.5% |
| Accrued charges and deferred income | 492/3 | €53,670 | €41,998 | -€11,672 | -21.7% |
| Remuneration, social security and pensions | 62 | €559,700 | €767,763 | +€208,063 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,637 | €102,148 | +€2,511 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€24,736 | €1,139 | +€25,875 | |
| Other operating charges | 640/8 | €26,546 | €34,656 | +€8,109 | +30.5% |
| Gross operating margin | 9900 | €1,214,700 | €1,561,489 | +€346,789 | +28.5% |
| Operating profit (loss) | 9901 | €553,553 | €655,784 | +€102,231 | +18.5% |
| Financial income | 75/76B | €8,092 | €238 | -€7,854 | -97.1% |
| Recurring financial income | 75 | €8,092 | €238 | -€7,854 | -97.1% |
| Financial charges | 65/66B | €87,432 | €57,519 | -€29,913 | -34.2% |
| Recurring financial charges | 65 | €87,432 | €57,519 | -€29,913 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €474,213 | €598,503 | +€124,290 | +26.2% |
| Income taxes | 67/77 | €63,212 | €78,306 | +€15,094 | +23.9% |
| Profit (loss) for the period | 9904 | €411,002 | €520,197 | +€109,196 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €411,002 | €520,197 | +€109,196 | +26.6% |
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 14 October 2026 via checked.be.