VANDERPER MARNIK: 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.
VANDERPER MARNIK
Largest movements
- Tangible fixed assets -€31,021
down €31,021 (-6.7%), from €462,812 to €431,791
of which Land and buildings: -€23,132
- Receivables within one year -€28,864
down €28,864 (-24.5%), from €117,979 to €89,116
of which Trade receivables: -€41,163
- Cash -€21,592
down €21,592 (-60.5%), from €35,686 to €14,094
mainly Debts after one year (-€24,128) and Trade debts (-€23,550)
- Stocks and contracts +€10,306
up €10,306 (+48.0%), from €21,483 to €31,789
of which Contracts in progress: +€9,751
- Receivables after one year -€9,434
no longer reported in 2025 (was €9,434)
- Debts after one year -€24,128
down €24,128 (-11.3%), from €213,155 to €189,027
- Trade debts -€23,550
down €23,550 (-66.4%), from €35,446 to €11,895
- Current portion of long-term debt -€16,456
down €16,456 (-29.0%), from €56,688 to €40,232
- Tax, wage and social debts -€10,102
down €10,102 (-34.7%), from €29,131 to €19,029
of which Taxes: -€8,481
- Other debts -€7,076
down €7,076 (-27.7%), from €25,573 to €18,497
- Turnover -€81,467
down €81,467 (-22.1%), from €368,304 to €286,837
- Purchases and services -€41,174
down €41,174 (-15.8%), from €259,805 to €218,631
- Gross operating margin -€30,531
down €30,531 (-27.4%), from €111,559 to €81,028
- Staff costs -€28,091
down €28,091 (-68.2%), from €41,205 to €13,114
- Depreciation -€4,455
down €4,455 (-8.4%), from €52,932 to €48,477
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 | €653,232 | €571,927 | -€81,304 | -12.4% |
| Fixed assets | 21/28 | €462,812 | €431,791 | -€31,021 | -6.7% |
| Tangible fixed assets | 22/27 | €462,812 | €431,791 | -€31,021 | -6.7% |
| Land and buildings | 22 | €303,346 | €280,214 | -€23,132 | -7.6% |
| Plant, machinery and equipment | 23 | €144,728 | €125,374 | -€19,354 | -13.4% |
| Furniture and vehicles | 24 | €11,222 | €8,475 | -€2,747 | -24.5% |
| Leasing and similar rights | 25 | €3,516 | €17,728 | +€14,212 | +404% |
| Current assets | 29/58 | €190,420 | €140,137 | -€50,283 | -26.4% |
| Amounts receivable after more than one year | 29 | €9,434 | - | -€9,434 | |
| Other amounts receivable | 291 | €9,434 | - | -€9,434 | |
| Stocks and contracts in progress | 3 | €21,483 | €31,789 | +€10,306 | +48.0% |
| Stocks | 30/36 | €21,483 | €22,039 | +€555 | +2.6% |
| Contracts in progress | 37 | - | €9,751 | +€9,751 | |
| Amounts receivable within one year | 40/41 | €117,979 | €89,116 | -€28,864 | -24.5% |
| Trade receivables | 40 | €96,477 | €55,314 | -€41,163 | -42.7% |
| Other amounts receivable | 41 | €21,503 | €33,802 | +€12,299 | +57.2% |
| Current investments | 50/53 | €21 | €41 | +€20 | +97.6% |
| Cash at bank and in hand | 54/58 | €35,686 | €14,094 | -€21,592 | -60.5% |
| Deferred charges and accrued income | 490/1 | €5,817 | €5,097 | -€720 | -12.4% |
| Total equity and liabilities | 10/49 | €653,232 | €571,927 | -€81,304 | -12.4% |
| Equity | 10/15 | €293,154 | €293,154 | = | 0.0% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €169,208 | €169,208 | = | 0.0% |
| Distributable reserves | 133 | €169,208 | €169,208 | = | 0.0% |
| Amounts payable | 17/49 | €360,077 | €278,773 | -€81,304 | -22.6% |
| Amounts payable after more than one year | 17 | €213,155 | €189,027 | -€24,128 | -11.3% |
| Financial debts | 170/4 | €213,155 | €189,027 | -€24,128 | -11.3% |
| Amounts payable within one year | 42/48 | €146,837 | €89,653 | -€57,184 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €56,688 | €40,232 | -€16,456 | -29.0% |
| Trade debts | 44 | €35,446 | €11,895 | -€23,550 | -66.4% |
| Suppliers | 440/4 | €35,446 | €11,895 | -€23,550 | -66.4% |
| Taxes, remuneration and social security | 45 | €29,131 | €19,029 | -€10,102 | -34.7% |
| Taxes | 450/3 | €27,510 | €19,029 | -€8,481 | -30.8% |
| Remuneration and social security | 454/9 | €1,621 | - | -€1,621 | |
| Other amounts payable | 47/48 | €25,573 | €18,497 | -€7,076 | -27.7% |
| Accrued charges and deferred income | 492/3 | €85 | €93 | +€8 | +9.1% |
| Turnover | 70 | €368,304 | €286,837 | -€81,467 | -22.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €259,805 | €218,631 | -€41,174 | -15.8% |
| Remuneration, social security and pensions | 62 | €41,205 | €13,114 | -€28,091 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,932 | €48,477 | -€4,455 | -8.4% |
| Other operating charges | 640/8 | €9,550 | €10,757 | +€1,207 | +12.6% |
| Gross operating margin | 9900 | €111,559 | €81,028 | -€30,531 | -27.4% |
| Operating profit (loss) | 9901 | €7,872 | €8,679 | +€807 | +10.3% |
| Financial income | 75/76B | €698 | €408 | -€290 | -41.5% |
| Recurring financial income | 75 | €698 | €408 | -€290 | -41.5% |
| Financial charges | 65/66B | €8,229 | €8,051 | -€178 | -2.2% |
| Recurring financial charges | 65 | €8,229 | €8,051 | -€178 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €341 | €1,036 | +€695 | +204% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €213 | €904 | +€691 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €213 | €904 | +€691 | +325% |
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 15 October 2026 via checked.be.