VANDERKEULEN - VAN LOO: 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.
VANDERKEULEN - VAN LOO
Largest movements
- Cash +€108,048
up €108,048 (+37.7%), from €286,508 to €394,556
mainly Net result for the year (+€230,256) and Tax, wage and social debts (+€15,312)
- Receivables after one year +€105,000
new in 2025: €105,000
- Reserves +€230,256
up €230,256 (+186.1%), from €123,760 to €354,017
- Other debts -€26,547
down €26,547 (-17.6%), from €150,913 to €124,366
- Tax, wage and social debts +€15,312
up €15,312 (+252.7%), from €6,059 to €21,371
- Gross operating margin +€141,663
up €141,663 (+88.1%), from €160,760 to €302,423
- Taxes +€35,265
up €35,265 (+97.8%), from €36,040 to €71,305
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 | €287,436 | €506,619 | +€219,183 | +76.3% |
| Fixed assets | 21/28 | €846 | €1,596 | +€750 | +88.6% |
| Tangible fixed assets | 22/27 | €846 | €1,596 | +€750 | +88.6% |
| Furniture and vehicles | 24 | €846 | €1,596 | +€750 | +88.6% |
| Current assets | 29/58 | €286,589 | €505,022 | +€218,433 | +76.2% |
| Amounts receivable after more than one year | 29 | - | €105,000 | +€105,000 | |
| Other amounts receivable | 291 | - | €105,000 | +€105,000 | |
| Amounts receivable within one year | 40/41 | - | €3,340 | +€3,340 | |
| Other amounts receivable | 41 | - | €3,340 | +€3,340 | |
| Cash at bank and in hand | 54/58 | €286,508 | €394,556 | +€108,048 | +37.7% |
| Deferred charges and accrued income | 490/1 | €81 | €2,127 | +€2,045 | +2512.1% |
| Total equity and liabilities | 10/49 | €287,436 | €506,619 | +€219,183 | +76.3% |
| Equity | 10/15 | €126,260 | €356,517 | +€230,256 | +182.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €123,760 | €354,017 | +€230,256 | +186.1% |
| Distributable reserves | 133 | €123,760 | €354,017 | +€230,256 | +186.1% |
| Amounts payable | 17/49 | €161,175 | €150,102 | -€11,074 | -6.9% |
| Amounts payable within one year | 42/48 | €161,175 | €150,102 | -€11,074 | -6.9% |
| Trade debts | 44 | €4,203 | €4,365 | +€162 | +3.9% |
| Suppliers | 440/4 | €4,203 | €4,365 | +€162 | +3.9% |
| Taxes, remuneration and social security | 45 | €6,059 | €21,371 | +€15,312 | +252.7% |
| Taxes | 450/3 | €6,059 | €21,371 | +€15,312 | +252.7% |
| Other amounts payable | 47/48 | €150,913 | €124,366 | -€26,547 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €660 | +€229 | +52.9% |
| Other operating charges | 640/8 | €463 | €126 | -€337 | -72.8% |
| Gross operating margin | 9900 | €160,760 | €302,423 | +€141,663 | +88.1% |
| Operating profit (loss) | 9901 | €159,865 | €301,636 | +€141,771 | +88.7% |
| Financial charges | 65/66B | €65 | €75 | +€10 | +15.3% |
| Recurring financial charges | 65 | €65 | €75 | +€10 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €159,800 | €301,561 | +€141,761 | +88.7% |
| Income taxes | 67/77 | €36,040 | €71,305 | +€35,265 | +97.8% |
| Profit (loss) for the period | 9904 | €123,760 | €230,256 | +€106,496 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,760 | €230,256 | +€106,496 | +86.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.