VANDERHEYDEN VAL-BENOIT: 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 VAL-BENOIT
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
€623,113
2024 · €556,164+€66,949
Equity
€3.2m
2024 · €3.0m+€278,113
Cash
€70,794
2024 · €22,284+€48,510
Balance sheet total
€5.1m
2024 · €4.8m+€252,713
Largest movements
Assets
- Stocks and contracts -€548,858
down €548,858 (-26.1%), from €2.1m to €1.6m
- Receivables within one year +€466,676
up €466,676 (+31.9%), from €1.5m to €1.9m
of which Other amounts receivable: +€547,496
- Tangible fixed assets +€240,117
up €240,117 (+50.6%), from €474,208 to €714,325
of which Plant, machinery and equipment: +€268,573
Equity and liabilities
- Reserves +€278,113
up €278,113 (+9.9%), from €2.8m to €3.1m
of which Distributable reserves: +€278,113
- Other debts -€277,000
down €277,000 (-44.5%), from €622,000 to €345,000
- Debts after one year +€171,224
up €171,224 (+34.4%), from €497,983 to €669,207
Income statement
- Gross operating margin +€234,225
up €234,225 (+15.2%), from €1.5m to €1.8m
- Staff costs +€83,140
up €83,140 (+8.9%), from €937,114 to €1.0m
- Write-downs +€80,171
up €80,171, from -€80,023 to €148
- Financial charges -€18,358
down €18,358 (-37.4%), from €49,041 to €30,683
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
€556,164
Gross operating margin
+€234,225
Staff costs
-€83,140
Depreciation
-€1,910
Write-downs
-€80,171
Other operating charges
-€1,258
Financial income
-€7,839
Financial charges
+€18,358
Taxes
-€11,316
Result 2025
€623,113
raises the resultlowers the result
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
+€492,428
Investment
-€302,127
Financing
-€141,792
Cash 2024
€22,284
From operations (derived)
+€492,428
Net result for the year
+€623,113
Depreciation
+€62,010
Stocks and contracts
+€548,858
Receivables within one year
-€466,676
Deferred charges and accrued income
-€46,268
Trade debts
+€30,169
Tax, wage and social debts
+€26,807
Advances received
+€8,621
Other debts
-€277,000
Accrued charges and deferred income
-€17,205
Investment (derived)
-€302,127
Investment in fixed assets (net)
-€302,127
Financing
-€141,792
Debts after one year
+€171,224
Current portion of long-term debt
+€31,985
Contributions, distributions and other
-€345,000
Cash 2025
€70,794
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,798,248 | €5,050,961 | +€252,713 | +5.3% |
| Fixed assets | 21/28 | €1,076,538 | €1,316,655 | +€240,117 | +22.3% |
| Tangible fixed assets | 22/27 | €474,208 | €714,325 | +€240,117 | +50.6% |
| Land and buildings | 22 | €284,842 | €284,312 | -€530 | -0.2% |
| Plant, machinery and equipment | 23 | €92,008 | €360,582 | +€268,573 | +292% |
| Furniture and vehicles | 24 | €97,358 | €69,432 | -€27,926 | -28.7% |
| Financial fixed assets | 28 | €602,330 | €602,330 | = | 0.0% |
| Current assets | 29/58 | €3,721,710 | €3,734,306 | +€12,596 | +0.3% |
| Stocks and contracts in progress | 3 | €2,099,267 | €1,550,409 | -€548,858 | -26.1% |
| Stocks | 30/36 | €2,099,267 | €1,550,409 | -€548,858 | -26.1% |
| Amounts receivable within one year | 40/41 | €1,461,765 | €1,928,441 | +€466,676 | +31.9% |
| Trade receivables | 40 | €326,223 | €245,403 | -€80,820 | -24.8% |
| Other amounts receivable | 41 | €1,135,542 | €1,683,038 | +€547,496 | +48.2% |
| Cash at bank and in hand | 54/58 | €22,284 | €70,794 | +€48,510 | +218% |
| Deferred charges and accrued income | 490/1 | €138,394 | €184,663 | +€46,268 | +33.4% |
| Total equity and liabilities | 10/49 | €4,798,248 | €5,050,961 | +€252,713 | +5.3% |
| Equity | 10/15 | €2,962,422 | €3,240,535 | +€278,113 | +9.4% |
| 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 | €2,812,422 | €3,090,535 | +€278,113 | +9.9% |
| Non-distributable reserves | 130/1 | €615,000 | €615,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600,000 | €600,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,700 | €121,700 | = | 0.0% |
| Distributable reserves | 133 | €2,075,722 | €2,353,835 | +€278,113 | +13.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,835,826 | €1,810,426 | -€25,400 | -1.4% |
| Amounts payable after more than one year | 17 | €497,983 | €669,207 | +€171,224 | +34.4% |
| Financial debts | 170/4 | €497,983 | €669,207 | +€171,224 | +34.4% |
| Amounts payable within one year | 42/48 | €1,317,040 | €1,137,622 | -€179,418 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €52,034 | €84,019 | +€31,985 | +61.5% |
| Trade debts | 44 | €496,114 | €526,282 | +€30,169 | +6.1% |
| Suppliers | 440/4 | €496,114 | €526,282 | +€30,169 | +6.1% |
| Advances received on contracts in progress | 46 | €2,810 | €11,431 | +€8,621 | +307% |
| Taxes, remuneration and social security | 45 | €144,082 | €170,890 | +€26,807 | +18.6% |
| Taxes | 450/3 | €29,749 | €30,808 | +€1,059 | +3.6% |
| Remuneration and social security | 454/9 | €114,334 | €140,082 | +€25,748 | +22.5% |
| Other amounts payable | 47/48 | €622,000 | €345,000 | -€277,000 | -44.5% |
| Accrued charges and deferred income | 492/3 | €20,803 | €3,597 | -€17,205 | -82.7% |
| Non-recurring operating income | 76A | €16,800 | €0 | -€16,800 | -100% |
| Remuneration, social security and pensions | 62 | €937,114 | €1,020,253 | +€83,140 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,099 | €62,010 | +€1,910 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€80,023 | €148 | +€80,171 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €36,734 | €37,992 | +€1,258 | +3.4% |
| Gross operating margin | 9900 | €1,544,087 | €1,778,312 | +€234,225 | +15.2% |
| Operating profit (loss) | 9901 | €590,163 | €657,909 | +€67,747 | +11.5% |
| Financial income | 75/76B | €98,830 | €90,991 | -€7,839 | -7.9% |
| Recurring financial income | 75 | €98,830 | €90,991 | -€7,839 | -7.9% |
| Financial charges | 65/66B | €49,041 | €30,683 | -€18,358 | -37.4% |
| Recurring financial charges | 65 | €49,041 | €30,683 | -€18,358 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €639,952 | €718,217 | +€78,265 | +12.2% |
| Income taxes | 67/77 | €83,788 | €95,104 | +€11,316 | +13.5% |
| Profit (loss) for the period | 9904 | €556,164 | €623,113 | +€66,949 | +12.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €556,164 | €623,113 | +€66,949 | +12.0% |
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 16 October 2026 via checked.be.