Vanderlinden: 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.
Vanderlinden
Largest movements
- Receivables within one year -€2,480
down €2,480 (-81.4%), from €3,047 to €566
of which Trade receivables: -€2,800
- Cash -€782
down €782 (-11.9%), from €6,595 to €5,813
mainly Net result for the year (-€2,931) and Accrued charges and deferred income (-€529)
- Profit (loss) carried forward -€2,931
down €2,931, from €213 to -€2,718
- Accrued charges and deferred income -€529
no longer reported in 2025 (was €529)
- Trade debts +€245
up €245 (+140%), from €175 to €420
- Gross operating margin -€3,070
down €3,070, from €1,498 to -€1,572
- Taxes -€47
no longer reported in 2025 (was €47)
- Other operating charges +€34
up €34 (+2.7%), from €1,295 to €1,330
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 | €21,459 | €18,197 | -€3,262 | -15.2% |
| Fixed assets | 21/28 | €11,817 | €11,817 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,807 | €11,807 | = | 0.0% |
| Land and buildings | 22 | €11,807 | €11,807 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €9,641 | €6,380 | -€3,262 | -33.8% |
| Amounts receivable within one year | 40/41 | €3,047 | €566 | -€2,480 | -81.4% |
| Trade receivables | 40 | €2,800 | - | -€2,800 | |
| Other amounts receivable | 41 | €247 | €566 | +€320 | +130% |
| Cash at bank and in hand | 54/58 | €6,595 | €5,813 | -€782 | -11.9% |
| Total equity and liabilities | 10/49 | €21,459 | €18,197 | -€3,262 | -15.2% |
| Equity | 10/15 | €20,673 | €17,742 | -€2,931 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213 | -€2,718 | -€2,931 | |
| Amounts payable | 17/49 | €785 | €455 | -€331 | -42.1% |
| Amounts payable within one year | 42/48 | €257 | €455 | +€198 | +77.2% |
| Trade debts | 44 | €175 | €420 | +€245 | +140% |
| Suppliers | 440/4 | €175 | €420 | +€245 | +140% |
| Taxes, remuneration and social security | 45 | €82 | €34 | -€47 | -58.1% |
| Taxes | 450/3 | €82 | €34 | -€47 | -58.1% |
| Accrued charges and deferred income | 492/3 | €529 | - | -€529 | |
| Other operating charges | 640/8 | €1,295 | €1,330 | +€34 | +2.7% |
| Gross operating margin | 9900 | €1,498 | -€1,572 | -€3,070 | |
| Operating profit (loss) | 9901 | €202 | -€2,902 | -€3,104 | |
| Financial charges | 65/66B | €29 | €29 | +€1 | +3.0% |
| Recurring financial charges | 65 | €29 | €29 | +€1 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €174 | -€2,931 | -€3,105 | |
| Income taxes | 67/77 | €47 | - | -€47 | |
| Profit (loss) for the period | 9904 | €127 | -€2,931 | -€3,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €127 | -€2,931 | -€3,058 |
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 18 October 2026 via checked.be.