Vandernic: what changed
Two fiscal 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.
Vandernic
Largest movements
- Cash -€5,571
down €5,571 (-34.8%), from €16,002 to €10,431
mainly Investment in fixed assets (net) (-€16,528) and Contributions, distributions and other (-€14,500)
- Tangible fixed assets -€5,119
down €5,119 (-1.6%), from €311,906 to €306,787
of which Land and buildings: -€19,115
- Reserves -€11,710
down €11,710 (-5.5%), from €213,250 to €201,540
of which Distributable reserves: -€11,710
- Other debts -€4,783
down €4,783 (-18.5%), from €25,795 to €21,012
- Gross operating margin -€383
down €383 (-1.3%), from €30,340 to €29,957
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 | €340,280 | €326,446 | -€13,834 | -4.1% |
| Fixed assets | 21/28 | €311,906 | €306,787 | -€5,119 | -1.6% |
| Tangible fixed assets | 22/27 | €311,906 | €306,787 | -€5,119 | -1.6% |
| Land and buildings | 22 | €304,046 | €284,931 | -€19,115 | -6.3% |
| Furniture and vehicles | 24 | - | €2,449 | +€2,449 | |
| Other tangible fixed assets | 26 | €7,860 | €19,407 | +€11,547 | +146.9% |
| Current assets | 29/58 | €28,374 | €19,659 | -€8,715 | -30.7% |
| Amounts receivable within one year | 40/41 | €9,999 | €6,766 | -€3,234 | -32.3% |
| Trade receivables | 40 | €1,598 | - | -€1,598 | |
| Other amounts receivable | 41 | €8,401 | €6,766 | -€1,636 | -19.5% |
| Cash at bank and in hand | 54/58 | €16,002 | €10,431 | -€5,571 | -34.8% |
| Deferred charges and accrued income | 490/1 | €2,373 | €2,463 | +€90 | +3.8% |
| Total equity and liabilities | 10/49 | €340,280 | €326,446 | -€13,834 | -4.1% |
| Equity | 10/15 | €313,389 | €301,683 | -€11,706 | -3.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €213,250 | €201,540 | -€11,710 | -5.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €203,250 | €191,540 | -€11,710 | -5.8% |
| Profit (loss) carried forward | 14 | €139 | €143 | +€4 | +3.2% |
| Amounts payable | 17/49 | €26,891 | €24,763 | -€2,128 | -7.9% |
| Amounts payable within one year | 42/48 | €26,660 | €24,763 | -€1,897 | -7.1% |
| Trade debts | 44 | €298 | €2,669 | +€2,371 | +795.8% |
| Suppliers | 440/4 | €298 | €2,669 | +€2,371 | +795.8% |
| Taxes, remuneration and social security | 45 | €567 | €1,081 | +€515 | +90.8% |
| Taxes | 450/3 | €567 | €1,081 | +€515 | +90.8% |
| Other amounts payable | 47/48 | €25,795 | €21,012 | -€4,783 | -18.5% |
| Accrued charges and deferred income | 492/3 | €231 | €0 | -€231 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,365 | €21,647 | +€282 | +1.3% |
| Other operating charges | 640/8 | €3,025 | €3,069 | +€44 | +1.5% |
| Gross operating margin | 9900 | €30,340 | €29,957 | -€383 | -1.3% |
| Operating profit (loss) | 9901 | €5,950 | €5,241 | -€709 | -11.9% |
| Financial income | 75/76B | €263 | €234 | -€29 | -10.9% |
| Recurring financial income | 75 | €263 | €234 | -€29 | -10.9% |
| Financial charges | 65/66B | €255 | €166 | -€89 | -35.0% |
| Recurring financial charges | 65 | €255 | €166 | -€89 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €5,957 | €5,309 | -€648 | -10.9% |
| Income taxes | 67/77 | €2,567 | €2,515 | -€52 | -2.0% |
| Profit (loss) for the period | 9904 | €3,390 | €2,794 | -€596 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,390 | €2,794 | -€596 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.