Vanderhouver: what changed
Two fiscal 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.
Vanderhouver
Largest movements
- Cash -€13,477
down €13,477 (-3.1%), from €436,252 to €422,775
mainly Net result for the year (-€9,691) and Receivables within one year (-€7,000)
- Tangible fixed assets -€10,156
down €10,156 (-5.4%), from €188,769 to €178,613
of which Other tangible fixed assets: -€9,954
- Receivables within one year +€7,000
up €7,000 (+100.0%), from €7,000 to €14,000
- Reserves -€10,066
down €10,066 (-3.1%), from €328,000 to €317,933
of which Distributable reserves: -€6,000
- Gross operating margin -€2,161
down €2,161 (-36.9%), from €5,853 to €3,692
- Other operating charges +€157
up €157 (+3.1%), from €5,003 to €5,160
- Depreciation -€73
down €73 (-0.7%), from €10,229 to €10,156
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.
Cash bridge derived
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 | €633,654 | €617,069 | -€16,585 | -2.6% |
| Fixed assets | 21/28 | €188,769 | €178,613 | -€10,156 | -5.4% |
| Tangible fixed assets | 22/27 | €188,769 | €178,613 | -€10,156 | -5.4% |
| Furniture and vehicles | 24 | €265 | €62 | -€203 | -76.5% |
| Other tangible fixed assets | 26 | €188,504 | €178,551 | -€9,954 | -5.3% |
| Current assets | 29/58 | €444,885 | €438,456 | -€6,429 | -1.4% |
| Amounts receivable within one year | 40/41 | €7,000 | €14,000 | +€7,000 | +100.0% |
| Other amounts receivable | 41 | €7,000 | €14,000 | +€7,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €436,252 | €422,775 | -€13,477 | -3.1% |
| Deferred charges and accrued income | 490/1 | €1,633 | €1,681 | +€49 | +3.0% |
| Total equity and liabilities | 10/49 | €633,654 | €617,069 | -€16,585 | -2.6% |
| Equity | 10/15 | €605,481 | €595,790 | -€9,691 | -1.6% |
| Contributions | 10/11 | €277,343 | €277,343 | = | 0.0% |
| Capital | 10 | €277,343 | €277,343 | = | 0.0% |
| Issued capital | 100 | €277,343 | €277,343 | = | 0.0% |
| Reserves | 13 | €328,000 | €317,933 | -€10,066 | -3.1% |
| Non-distributable reserves | 130/1 | €27,735 | €27,735 | = | 0.0% |
| Legal reserve | 130 | €27,735 | €27,735 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,465 | €24,398 | -€4,066 | -14.3% |
| Distributable reserves | 133 | €271,800 | €265,800 | -€6,000 | -2.2% |
| Profit (loss) carried forward | 14 | €137 | €513 | +€376 | +273.4% |
| Provisions and deferred taxes | 16 | €14,020 | €12,017 | -€2,003 | -14.3% |
| Deferred taxes | 168 | €14,020 | €12,017 | -€2,003 | -14.3% |
| Amounts payable | 17/49 | €14,153 | €9,262 | -€4,892 | -34.6% |
| Amounts payable within one year | 42/48 | €14,153 | €9,262 | -€4,892 | -34.6% |
| Trade debts | 44 | €681 | €30 | -€651 | -95.6% |
| Suppliers | 440/4 | €681 | €30 | -€651 | -95.6% |
| Taxes, remuneration and social security | 45 | €1,072 | - | -€1,072 | |
| Taxes | 450/3 | €1,072 | - | -€1,072 | |
| Other amounts payable | 47/48 | €12,400 | €9,232 | -€3,169 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,229 | €10,156 | -€73 | -0.7% |
| Other operating charges | 640/8 | €5,003 | €5,160 | +€157 | +3.1% |
| Gross operating margin | 9900 | €5,853 | €3,692 | -€2,161 | -36.9% |
| Operating profit (loss) | 9901 | -€9,378 | -€11,624 | -€2,246 | -23.9% |
| Financial charges | 65/66B | €86 | €69 | -€16 | -19.0% |
| Recurring financial charges | 65 | €86 | €69 | -€16 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,464 | -€11,693 | -€2,230 | -23.6% |
| Transfer from deferred taxes | 780 | €2,003 | €2,003 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,461 | -€9,691 | -€2,230 | -29.9% |
| Transfer from tax-exempt reserves | 789 | €4,066 | €4,066 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,394 | -€5,624 | -€2,230 | -65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.