VANDERLINDEN GUY: 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 GUY
Largest movements
- Cash +€172,829
up €172,829 (+40.3%), from €428,331 to €601,161
mainly Net result for the year (+€110,162) and Tax, wage and social debts (+€54,168)
- Receivables within one year +€10,040
up €10,040 (+125%), from €8,039 to €18,080
of which Trade receivables: +€16,391
- Reserves +€110,162
up €110,162 (+29.4%), from €374,422 to €484,584
of which Distributable reserves: +€110,162
- Tax, wage and social debts +€54,168
up €54,168 (+147%), from €36,961 to €91,128
- Other debts +€13,130
up €13,130 (+239%), from €5,496 to €18,626
- Gross operating margin +€68,121
up €68,121 (+66.5%), from €102,402 to €170,523
- Taxes +€23,851
up €23,851 (+83.7%), from €28,498 to €52,349
- Financial charges +€4,121
up €4,121 (+576%), from €716 to €4,837
- Other operating charges +€2,516
up €2,516 (+115%), from €2,188 to €4,703
- Financial income +€1,727
up €1,727 (+262%), from €659 to €2,386
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,693 | €622,401 | +€181,708 | +41.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,006 | €2,147 | -€858 | -28.6% |
| Tangible fixed assets | 22/27 | €3,006 | €2,147 | -€858 | -28.6% |
| Land and buildings | 22 | €760 | €570 | -€190 | -25.0% |
| Plant, machinery and equipment | 23 | €1,002 | €583 | -€419 | -41.8% |
| Furniture and vehicles | 24 | €1,243 | €994 | -€249 | -20.0% |
| Current assets | 29/58 | €437,687 | €620,254 | +€182,567 | +41.7% |
| Amounts receivable within one year | 40/41 | €8,039 | €18,080 | +€10,040 | +125% |
| Trade receivables | 40 | €869 | €17,260 | +€16,391 | +1,886% |
| Other amounts receivable | 41 | €7,170 | €819 | -€6,351 | -88.6% |
| Cash at bank and in hand | 54/58 | €428,331 | €601,161 | +€172,829 | +40.3% |
| Deferred charges and accrued income | 490/1 | €1,316 | €1,013 | -€303 | -23.0% |
| Total equity and liabilities | 10/49 | €440,693 | €622,401 | +€181,708 | +41.2% |
| Equity | 10/15 | €386,822 | €496,984 | +€110,162 | +28.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €374,422 | €484,584 | +€110,162 | +29.4% |
| Non-distributable reserves | 130/1 | €17,846 | €17,846 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,846 | €17,846 | = | 0.0% |
| Distributable reserves | 133 | €356,577 | €466,738 | +€110,162 | +30.9% |
| Amounts payable | 17/49 | €53,870 | €125,417 | +€71,547 | +133% |
| Amounts payable within one year | 42/48 | €53,665 | €125,417 | +€71,752 | +134% |
| Current portion of amounts payable after more than one year | 42 | €1,782 | €1,812 | +€30 | +1.7% |
| Trade debts | 44 | €9,427 | €13,851 | +€4,424 | +46.9% |
| Suppliers | 440/4 | €9,427 | €13,851 | +€4,424 | +46.9% |
| Taxes, remuneration and social security | 45 | €36,961 | €91,128 | +€54,168 | +147% |
| Taxes | 450/3 | €36,961 | €91,128 | +€54,168 | +147% |
| Other amounts payable | 47/48 | €5,496 | €18,626 | +€13,130 | +239% |
| Accrued charges and deferred income | 492/3 | €206 | - | -€206 | |
| Non-recurring operating income | 76A | €41,140 | - | -€41,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €858 | +€411 | +91.7% |
| Other operating charges | 640/8 | €2,188 | €4,703 | +€2,516 | +115% |
| Gross operating margin | 9900 | €102,402 | €170,523 | +€68,121 | +66.5% |
| Operating profit (loss) | 9901 | €99,767 | €164,962 | +€65,195 | +65.3% |
| Financial income | 75/76B | €659 | €2,386 | +€1,727 | +262% |
| Recurring financial income | 75 | €659 | €2,386 | +€1,727 | +262% |
| Financial charges | 65/66B | €716 | €4,837 | +€4,121 | +576% |
| Recurring financial charges | 65 | €716 | €4,837 | +€4,121 | +576% |
| Profit (loss) for the period before taxes | 9903 | €99,710 | €162,511 | +€62,800 | +63.0% |
| Income taxes | 67/77 | €28,498 | €52,349 | +€23,851 | +83.7% |
| Profit (loss) for the period | 9904 | €71,212 | €110,162 | +€38,949 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,212 | €110,162 | +€38,949 | +54.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.