VANDERLEYDEN & PARTNERS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VANDERLEYDEN & PARTNERS
Largest movements
- Current investments +€29,800
up €29,800 (+18.0%), from €165,205 to €195,005
- Tangible fixed assets -€20,866
down €20,866 (-35.0%), from €59,651 to €38,785
- Cash +€20,134
up €20,134 (+9.1%), from €221,983 to €242,117
mainly Net result for the year (+€50,590) and Depreciation (+€20,866)
- Reserves +€50,590
up €50,590 (+11.5%), from €439,399 to €489,989
of which Distributable reserves: +€50,590
- Other debts -€7,583
no longer reported in 2025 (was €7,583)
- Current portion of long-term debt -€6,029
down €6,029 (-63.4%), from €9,515 to €3,486
- Gross operating margin -€17,370
down €17,370 (-16.6%), from €104,406 to €87,035
- Depreciation +€4,834
up €4,834 (+30.2%), from €16,032 to €20,866
- Financial income +€4,764
up €4,764 (+342%), from €1,392 to €6,155
- Taxes -€4,375
down €4,375 (-17.7%), from €24,708 to €20,333
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,683 | €511,739 | +€29,056 | +6.0% |
| Fixed assets | 21/28 | €59,651 | €38,785 | -€20,866 | -35.0% |
| Tangible fixed assets | 22/27 | €59,651 | €38,785 | -€20,866 | -35.0% |
| Plant, machinery and equipment | 23 | €3,950 | €2,555 | -€1,395 | -35.3% |
| Furniture and vehicles | 24 | €41,927 | €32,675 | -€9,252 | -22.1% |
| Leasing and similar rights | 25 | €13,774 | €3,556 | -€10,219 | -74.2% |
| Current assets | 29/58 | €423,032 | €472,954 | +€49,922 | +11.8% |
| Amounts receivable within one year | 40/41 | €33,874 | €34,076 | +€202 | +0.6% |
| Trade receivables | 40 | €26,851 | €15,004 | -€11,847 | -44.1% |
| Other amounts receivable | 41 | €7,023 | €19,072 | +€12,049 | +172% |
| Current investments | 50/53 | €165,205 | €195,005 | +€29,800 | +18.0% |
| Cash at bank and in hand | 54/58 | €221,983 | €242,117 | +€20,134 | +9.1% |
| Deferred charges and accrued income | 490/1 | €1,970 | €1,756 | -€214 | -10.9% |
| Total equity and liabilities | 10/49 | €482,683 | €511,739 | +€29,056 | +6.0% |
| Equity | 10/15 | €445,599 | €496,189 | +€50,590 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €439,399 | €489,989 | +€50,590 | +11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €437,539 | €488,129 | +€50,590 | +11.6% |
| Amounts payable | 17/49 | €37,084 | €15,550 | -€21,534 | -58.1% |
| Amounts payable after more than one year | 17 | €3,486 | - | -€3,486 | |
| Financial debts | 170/4 | €3,486 | - | -€3,486 | |
| Amounts payable within one year | 42/48 | €32,785 | €15,550 | -€17,235 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €9,515 | €3,486 | -€6,029 | -63.4% |
| Trade debts | 44 | €2,551 | €484 | -€2,067 | -81.0% |
| Suppliers | 440/4 | €2,551 | €484 | -€2,067 | -81.0% |
| Taxes, remuneration and social security | 45 | €13,136 | €11,580 | -€1,557 | -11.8% |
| Taxes | 450/3 | €13,136 | €11,580 | -€1,557 | -11.8% |
| Other amounts payable | 47/48 | €7,583 | - | -€7,583 | |
| Accrued charges and deferred income | 492/3 | €813 | - | -€813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,032 | €20,866 | +€4,834 | +30.2% |
| Other operating charges | 640/8 | €502 | €570 | +€68 | +13.5% |
| Gross operating margin | 9900 | €104,406 | €87,035 | -€17,370 | -16.6% |
| Operating profit (loss) | 9901 | €87,871 | €65,599 | -€22,273 | -25.3% |
| Financial income | 75/76B | €1,392 | €6,155 | +€4,764 | +342% |
| Recurring financial income | 75 | €1,392 | €6,155 | +€4,764 | +342% |
| Financial charges | 65/66B | €1,418 | €831 | -€587 | -41.4% |
| Recurring financial charges | 65 | €1,418 | €831 | -€587 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €87,845 | €70,923 | -€16,922 | -19.3% |
| Income taxes | 67/77 | €24,708 | €20,333 | -€4,375 | -17.7% |
| Profit (loss) for the period | 9904 | €63,137 | €50,590 | -€12,547 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,137 | €50,590 | -€12,547 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.