VANDERLINDEN THIERRY: 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 THIERRY
Largest movements
- Receivables within one year +€49,093
up €49,093 (+9.7%), from €505,894 to €554,987
- Cash +€11,414
up €11,414 (+67.2%), from €16,982 to €28,396
mainly Net result for the year (+€47,097) and Depreciation (+€6,682)
- Tangible fixed assets -€6,681
down €6,681 (-64.5%), from €10,366 to €3,685
of which Land and buildings: -€6,196
- Reserves +€47,097
up €47,097 (+15.3%), from €307,565 to €354,662
of which Distributable reserves: +€47,097
- Financial income +€29,398
up €29,398 (+7,368%), from €399 to €29,797
- Gross operating margin -€20,351
down €20,351 (-28.3%), from €72,008 to €51,657
- Taxes +€6,794
up €6,794 (+39.1%), from €17,356 to €24,150
- Other operating charges -€1,376
down €1,376 (-34.4%), from €4,002 to €2,626
- Depreciation -€852
down €852 (-11.3%), from €7,534 to €6,682
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 | €533,242 | €587,515 | +€54,273 | +10.2% |
| Fixed assets | 21/28 | €10,366 | €3,685 | -€6,681 | -64.5% |
| Tangible fixed assets | 22/27 | €10,366 | €3,685 | -€6,681 | -64.5% |
| Land and buildings | 22 | €9,058 | €2,862 | -€6,196 | -68.4% |
| Furniture and vehicles | 24 | €1,308 | €823 | -€485 | -37.1% |
| Current assets | 29/58 | €522,876 | €583,830 | +€60,954 | +11.7% |
| Amounts receivable within one year | 40/41 | €505,894 | €554,987 | +€49,093 | +9.7% |
| Other amounts receivable | 41 | €505,894 | €554,987 | +€49,093 | +9.7% |
| Cash at bank and in hand | 54/58 | €16,982 | €28,396 | +€11,414 | +67.2% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €533,242 | €587,515 | +€54,273 | +10.2% |
| Equity | 10/15 | €516,315 | €563,412 | +€47,097 | +9.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €307,565 | €354,662 | +€47,097 | +15.3% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €301,690 | €348,787 | +€47,097 | +15.6% |
| Profit (loss) carried forward | 14 | €202,250 | €202,250 | +€0 | 0.0% |
| Amounts payable | 17/49 | €16,927 | €24,102 | +€7,175 | +42.4% |
| Amounts payable within one year | 42/48 | €16,927 | €24,102 | +€7,175 | +42.4% |
| Trade debts | 44 | €6,107 | €8,131 | +€2,024 | +33.1% |
| Suppliers | 440/4 | €6,107 | €8,131 | +€2,024 | +33.1% |
| Taxes, remuneration and social security | 45 | €10,820 | €15,972 | +€5,152 | +47.6% |
| Taxes | 450/3 | €10,820 | €15,972 | +€5,152 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,534 | €6,682 | -€852 | -11.3% |
| Other operating charges | 640/8 | €4,002 | €2,626 | -€1,376 | -34.4% |
| Gross operating margin | 9900 | €72,008 | €51,657 | -€20,351 | -28.3% |
| Operating profit (loss) | 9901 | €60,472 | €42,349 | -€18,123 | -30.0% |
| Financial income | 75/76B | €399 | €29,797 | +€29,398 | +7,368% |
| Recurring financial income | 75 | €399 | €29,797 | +€29,398 | +7,368% |
| Financial charges | 65/66B | €522 | €899 | +€377 | +72.2% |
| Recurring financial charges | 65 | €522 | €899 | +€377 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | €60,349 | €71,247 | +€10,898 | +18.1% |
| Income taxes | 67/77 | €17,356 | €24,150 | +€6,794 | +39.1% |
| Profit (loss) for the period | 9904 | €42,993 | €47,097 | +€4,104 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,993 | €47,097 | +€4,104 | +9.5% |
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.