VANDERLEEN MARC: 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.
VANDERLEEN MARC
Largest movements
- Current investments +€25,578
up €25,578 (+9.4%), from €271,209 to €296,787
- Tangible fixed assets -€16,215
down €16,215 (-27.2%), from €59,585 to €43,370
of which Plant, machinery and equipment: -€8,514
- Cash +€13,396
up €13,396 (+5.9%), from €227,827 to €241,224
mainly Net result for the year (+€73,485) and Depreciation (+€16,809)
- Reserves +€22,739
up €22,739 (+7.3%), from €312,906 to €335,645
- Gross operating margin -€8,662
down €8,662 (-5.0%), from €171,857 to €163,195
- Taxes -€6,253
down €6,253 (-19.1%), from €32,662 to €26,409
- Staff costs +€4,177
up €4,177 (+8.8%), from €47,573 to €51,750
- Depreciation -€2,781
down €2,781 (-14.2%), from €19,589 to €16,809
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 | €695,440 | €718,199 | +€22,759 | +3.3% |
| Fixed assets | 21/28 | €59,585 | €43,370 | -€16,215 | -27.2% |
| Tangible fixed assets | 22/27 | €59,585 | €43,370 | -€16,215 | -27.2% |
| Land and buildings | 22 | €590 | €44 | -€546 | -92.6% |
| Plant, machinery and equipment | 23 | €50,180 | €41,666 | -€8,514 | -17.0% |
| Furniture and vehicles | 24 | €8,815 | €1,661 | -€7,154 | -81.2% |
| Current assets | 29/58 | €635,855 | €674,829 | +€38,974 | +6.1% |
| Amounts receivable within one year | 40/41 | €136,818 | €136,818 | = | 0.0% |
| Other amounts receivable | 41 | €136,818 | €136,818 | = | 0.0% |
| Current investments | 50/53 | €271,209 | €296,787 | +€25,578 | +9.4% |
| Cash at bank and in hand | 54/58 | €227,827 | €241,224 | +€13,396 | +5.9% |
| Total equity and liabilities | 10/49 | €695,440 | €718,199 | +€22,759 | +3.3% |
| Equity | 10/15 | €654,756 | €677,494 | +€22,739 | +3.5% |
| Contributions | 10/11 | €32,400 | €32,400 | = | 0.0% |
| Reserves | 13 | €312,906 | €335,645 | +€22,739 | +7.3% |
| Distributable reserves | 133 | €312,906 | €335,645 | +€22,739 | +7.3% |
| Profit (loss) carried forward | 14 | €309,450 | €309,450 | = | 0.0% |
| Amounts payable | 17/49 | €40,684 | €40,705 | +€21 | +0.1% |
| Amounts payable within one year | 42/48 | €40,684 | €40,705 | +€21 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,341 | - | -€5,341 | |
| Trade debts | 44 | €2,440 | €5,155 | +€2,715 | +111% |
| Suppliers | 440/4 | €2,440 | €5,155 | +€2,715 | +111% |
| Taxes, remuneration and social security | 45 | €31,439 | €34,917 | +€3,477 | +11.1% |
| Taxes | 450/3 | €25,276 | €28,445 | +€3,169 | +12.5% |
| Remuneration and social security | 454/9 | €6,163 | €6,471 | +€308 | +5.0% |
| Other amounts payable | 47/48 | €1,464 | €633 | -€831 | -56.8% |
| Remuneration, social security and pensions | 62 | €47,573 | €51,750 | +€4,177 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,589 | €16,809 | -€2,781 | -14.2% |
| Other operating charges | 640/8 | €387 | €825 | +€438 | +113% |
| Gross operating margin | 9900 | €171,857 | €163,195 | -€8,662 | -5.0% |
| Operating profit (loss) | 9901 | €104,307 | €93,810 | -€10,497 | -10.1% |
| Financial income | 75/76B | €7,647 | €7,162 | -€486 | -6.4% |
| Recurring financial income | 75 | €7,647 | €7,162 | -€486 | -6.4% |
| Financial charges | 65/66B | €1,110 | €1,078 | -€32 | -2.9% |
| Recurring financial charges | 65 | €1,110 | €1,078 | -€32 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €110,845 | €99,894 | -€10,951 | -9.9% |
| Income taxes | 67/77 | €32,662 | €26,409 | -€6,253 | -19.1% |
| Profit (loss) for the period | 9904 | €78,183 | €73,485 | -€4,697 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,183 | €73,485 | -€4,697 | -6.0% |
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 20 October 2026 via checked.be.