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
- Deferred charges and accrued income +€5,400
new in 2025: €5,400
- Tangible fixed assets -€3,219
down €3,219 (-3.4%), from €93,870 to €90,651
of which Land and buildings: -€3,001
- Profit (loss) carried forward -€28,951
down €28,951 (-17.2%), from -€168,032 to -€196,983
- Other debts +€25,438
up €25,438 (+16.0%), from €158,885 to €184,323
- Trade debts +€5,335
up €5,335 (+14.3%), from €37,389 to €42,724
- Gross operating margin -€5,451
down €5,451 (-27.4%), from -€19,862 to -€25,313
- Purchases and services +€5,271
up €5,271 (+19.2%), from €27,428 to €32,699
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 | €96,457 | €98,264 | +€1,807 | +1.9% |
| Fixed assets | 21/28 | €93,870 | €90,651 | -€3,219 | -3.4% |
| Tangible fixed assets | 22/27 | €93,870 | €90,651 | -€3,219 | -3.4% |
| Land and buildings | 22 | €62,384 | €59,383 | -€3,001 | -4.8% |
| Plant, machinery and equipment | 23 | €31,268 | €31,268 | = | 0.0% |
| Furniture and vehicles | 24 | €218 | - | -€218 | |
| Current assets | 29/58 | €2,587 | €7,613 | +€5,026 | +194.3% |
| Amounts receivable within one year | 40/41 | €1,765 | €1,837 | +€72 | +4.1% |
| Trade receivables | 40 | €1,755 | €1,755 | = | 0.0% |
| Other amounts receivable | 41 | €10 | €82 | +€72 | +720.0% |
| Cash at bank and in hand | 54/58 | €822 | €376 | -€446 | -54.3% |
| Deferred charges and accrued income | 490/1 | - | €5,400 | +€5,400 | |
| Total equity and liabilities | 10/49 | €96,457 | €98,264 | +€1,807 | +1.9% |
| Equity | 10/15 | -€99,832 | -€128,783 | -€28,951 | -29.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,032 | -€196,983 | -€28,951 | -17.2% |
| Amounts payable | 17/49 | €196,289 | €227,047 | +€30,758 | +15.7% |
| Amounts payable within one year | 42/48 | €196,289 | €227,047 | +€30,758 | +15.7% |
| Trade debts | 44 | €37,389 | €42,724 | +€5,335 | +14.3% |
| Suppliers | 440/4 | €37,389 | €42,724 | +€5,335 | +14.3% |
| Taxes, remuneration and social security | 45 | €15 | - | -€15 | |
| Taxes | 450/3 | €15 | - | -€15 | |
| Other amounts payable | 47/48 | €158,885 | €184,323 | +€25,438 | +16.0% |
| Turnover | 70 | €7,566 | €7,386 | -€180 | -2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,428 | €32,699 | +€5,271 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,219 | €3,219 | = | 0.0% |
| Other operating charges | 640/8 | €129 | €346 | +€217 | +168.2% |
| Gross operating margin | 9900 | -€19,862 | -€25,313 | -€5,451 | -27.4% |
| Operating profit (loss) | 9901 | -€23,210 | -€28,878 | -€5,668 | -24.4% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.5% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,277 | -€28,950 | -€5,673 | -24.4% |
| Profit (loss) for the period | 9904 | -€23,277 | -€28,950 | -€5,673 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,277 | -€28,950 | -€5,673 | -24.4% |
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 12 October 2026 via checked.be.