Vanderheyden Vastgoed: 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 Vastgoed
Largest movements
- Stocks and contracts +€95,244
up €95,244 (+171%), from €55,602 to €150,846
- Receivables within one year +€13,417
up €13,417 (+2,338%), from €574 to €13,991
of which Other amounts receivable: +€8,796
- Tangible fixed assets -€4,446
down €4,446 (-13.3%), from €33,315 to €28,869
- Other debts +€95,466
up €95,466 (+294%), from €32,500 to €127,966
- Trade debts +€17,031
new in 2025: €17,031
- Profit (loss) carried forward -€7,603
down €7,603 (-38.9%), from -€19,558 to -€27,161
- Financial income +€831
up €831, from €0 to €831
- Gross operating margin -€518
down €518 (-17.5%), from -€2,968 to -€3,486
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 | €91,403 | €196,296 | +€104,893 | +115% |
| Fixed assets | 21/28 | €34,065 | €29,619 | -€4,446 | -13.1% |
| Tangible fixed assets | 22/27 | €33,315 | €28,869 | -€4,446 | -13.3% |
| Plant, machinery and equipment | 23 | €33,315 | €28,869 | -€4,446 | -13.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €57,338 | €166,677 | +€109,339 | +191% |
| Stocks and contracts in progress | 3 | €55,602 | €150,846 | +€95,244 | +171% |
| Stocks | 30/36 | €55,602 | €150,846 | +€95,244 | +171% |
| Amounts receivable within one year | 40/41 | €574 | €13,991 | +€13,417 | +2,338% |
| Trade receivables | 40 | €288 | €4,908 | +€4,621 | +1,607% |
| Other amounts receivable | 41 | €286 | €9,082 | +€8,796 | +3,071% |
| Cash at bank and in hand | 54/58 | €1,163 | €1,841 | +€679 | +58.4% |
| Total equity and liabilities | 10/49 | €91,403 | €196,296 | +€104,893 | +115% |
| Equity | 10/15 | €5,442 | -€2,161 | -€7,603 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,558 | -€27,161 | -€7,603 | -38.9% |
| Amounts payable | 17/49 | €85,961 | €198,457 | +€112,496 | +131% |
| Amounts payable after more than one year | 17 | €53,461 | €53,461 | = | 0.0% |
| Trade debts | 175 | €53,461 | €53,461 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,500 | €144,996 | +€112,496 | +346% |
| Trade debts | 44 | - | €17,031 | +€17,031 | |
| Suppliers | 440/4 | - | €17,031 | +€17,031 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €32,500 | €127,966 | +€95,466 | +294% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,446 | €4,446 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€2,968 | -€3,486 | -€518 | -17.5% |
| Operating profit (loss) | 9901 | -€7,864 | -€8,394 | -€530 | -6.7% |
| Financial income | 75/76B | €0 | €831 | +€831 | |
| Recurring financial income | 75 | €0 | €831 | +€831 | |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,903 | -€7,603 | +€299 | +3.8% |
| Profit (loss) for the period | 9904 | -€7,903 | -€7,603 | +€299 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,903 | -€7,603 | +€299 | +3.8% |
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 1 November 2026 via checked.be.