Vanderlinden SPRL: 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 SPRL
Largest movements
- Cash +€128,419
up €128,419 (+299%), from €42,915 to €171,334
mainly Trade debts (+€85,675) and Receivables within one year (+€82,471)
- Receivables within one year -€82,471
down €82,471 (-15.9%), from €517,065 to €434,594
of which Trade receivables: -€111,915
- Stocks and contracts +€67,010
up €67,010 (+127%), from €52,760 to €119,770
- Tangible fixed assets -€23,649
down €23,649 (-41.0%), from €57,663 to €34,013
of which Furniture and vehicles: -€22,534
- Trade debts +€85,675
up €85,675 (+29.3%), from €292,453 to €378,128
- Other debts +€65,620
up €65,620 (+101%), from €64,989 to €130,608
- Short-term financial debts -€59,977
no longer reported in 2025 (was €59,977)
- Reserves +€37,764
up €37,764 (+26.0%), from €145,027 to €182,791
- Tax, wage and social debts -€22,410
down €22,410 (-36.8%), from €60,938 to €38,528
of which Taxes: -€14,041
- Gross operating margin +€35,285
up €35,285 (+34.6%), from €101,854 to €137,139
- Taxes +€17,178
up €17,178 (+417%), from €4,120 to €21,298
- Staff costs +€16,403
up €16,403 (+146%), from €11,248 to €27,651
- Write-downs -€10,920
new in 2025: -€10,920
- Other operating charges +€6,670
up €6,670 (+142%), from €4,706 to €11,376
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 | €670,402 | €761,111 | +€90,709 | +13.5% |
| Fixed assets | 21/28 | €57,663 | €35,413 | -€22,249 | -38.6% |
| Tangible fixed assets | 22/27 | €57,663 | €34,013 | -€23,649 | -41.0% |
| Plant, machinery and equipment | 23 | €5,453 | €4,337 | -€1,116 | -20.5% |
| Furniture and vehicles | 24 | €52,210 | €29,676 | -€22,534 | -43.2% |
| Financial fixed assets | 28 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €612,740 | €725,698 | +€112,958 | +18.4% |
| Stocks and contracts in progress | 3 | €52,760 | €119,770 | +€67,010 | +127% |
| Stocks | 30/36 | €52,760 | €119,770 | +€67,010 | +127% |
| Amounts receivable within one year | 40/41 | €517,065 | €434,594 | -€82,471 | -15.9% |
| Trade receivables | 40 | €441,496 | €329,581 | -€111,915 | -25.3% |
| Other amounts receivable | 41 | €75,569 | €105,014 | +€29,444 | +39.0% |
| Cash at bank and in hand | 54/58 | €42,915 | €171,334 | +€128,419 | +299% |
| Total equity and liabilities | 10/49 | €670,402 | €761,111 | +€90,709 | +13.5% |
| Equity | 10/15 | €163,627 | €201,391 | +€37,764 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,027 | €182,791 | +€37,764 | +26.0% |
| Distributable reserves | 133 | €145,027 | €182,791 | +€37,764 | +26.0% |
| Amounts payable | 17/49 | €506,775 | €559,721 | +€52,945 | +10.4% |
| Amounts payable after more than one year | 17 | €12,456 | €3,713 | -€8,744 | -70.2% |
| Financial debts | 170/4 | €12,456 | €3,713 | -€8,744 | -70.2% |
| Amounts payable within one year | 42/48 | €494,319 | €556,008 | +€61,689 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €15,961 | €8,744 | -€7,217 | -45.2% |
| Financial debts | 43 | €59,977 | - | -€59,977 | |
| Credit institutions | 430/8 | €59,977 | - | -€59,977 | |
| Trade debts | 44 | €292,453 | €378,128 | +€85,675 | +29.3% |
| Suppliers | 440/4 | €292,453 | €378,128 | +€85,675 | +29.3% |
| Taxes, remuneration and social security | 45 | €60,938 | €38,528 | -€22,410 | -36.8% |
| Taxes | 450/3 | €45,606 | €31,565 | -€14,041 | -30.8% |
| Remuneration and social security | 454/9 | €15,332 | €6,963 | -€8,369 | -54.6% |
| Other amounts payable | 47/48 | €64,989 | €130,608 | +€65,620 | +101% |
| Non-recurring operating income | 76A | €5,834 | - | -€5,834 | |
| Remuneration, social security and pensions | 62 | €11,248 | €27,651 | +€16,403 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,304 | €23,649 | +€6,345 | +36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€10,920 | -€10,920 | |
| Other operating charges | 640/8 | €4,706 | €11,376 | +€6,670 | +142% |
| Non-recurring operating charges | 66A | €1,893 | - | -€1,893 | |
| Gross operating margin | 9900 | €101,854 | €137,139 | +€35,285 | +34.6% |
| Operating profit (loss) | 9901 | €66,702 | €85,382 | +€18,680 | +28.0% |
| Financial income | 75/76B | €243 | €37 | -€205 | -84.6% |
| Recurring financial income | 75 | €243 | €37 | -€205 | -84.6% |
| Financial charges | 65/66B | €21,626 | €26,358 | +€4,731 | +21.9% |
| Recurring financial charges | 65 | €21,626 | €26,358 | +€4,731 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €45,319 | €59,062 | +€13,743 | +30.3% |
| Income taxes | 67/77 | €4,120 | €21,298 | +€17,178 | +417% |
| Profit (loss) for the period | 9904 | €41,199 | €37,764 | -€3,435 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,199 | €37,764 | -€3,435 | -8.3% |
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 25 October 2026 via checked.be.