VANDERPIJPEN - VANTIEGHEM: 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.
VANDERPIJPEN - VANTIEGHEM
Largest movements
- Cash -€34,647
down €34,647 (-33.4%), from €103,670 to €69,023
mainly Other debts (-€117,223) and Accrued charges and deferred income (-€3,431)
- Receivables within one year -€30,011
down €30,011 (-41.3%), from €72,600 to €42,589
of which Trade receivables: -€31,903
- Other debts -€117,223
down €117,223 (-21.9%), from €534,304 to €417,081
- Reserves +€52,999
up €52,999 (+16.9%), from €313,161 to €366,160
- Gross operating margin +€20,833
up €20,833 (+44.7%), from €46,578 to €67,411
- Taxes +€6,767
up €6,767 (+83.5%), from €8,108 to €14,875
- Financial charges -€4,684
down €4,684 (-20.7%), from €22,667 to €17,983
- Financial income -€1,000
down €1,000 (-4.8%), from €21,000 to €20,000
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 | €1,014,478 | €949,820 | -€64,658 | -6.4% |
| Fixed assets | 21/28 | €838,208 | €838,208 | = | 0.0% |
| Financial fixed assets | 28 | €838,208 | €838,208 | = | 0.0% |
| Current assets | 29/58 | €176,270 | €111,612 | -€64,658 | -36.7% |
| Amounts receivable within one year | 40/41 | €72,600 | €42,589 | -€30,011 | -41.3% |
| Trade receivables | 40 | €72,600 | €40,697 | -€31,903 | -43.9% |
| Other amounts receivable | 41 | - | €1,892 | +€1,892 | |
| Cash at bank and in hand | 54/58 | €103,670 | €69,023 | -€34,647 | -33.4% |
| Total equity and liabilities | 10/49 | €1,014,478 | €949,820 | -€64,658 | -6.4% |
| Equity | 10/15 | €443,161 | €496,160 | +€52,999 | +12.0% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €313,161 | €366,160 | +€52,999 | +16.9% |
| Distributable reserves | 133 | €313,161 | €366,160 | +€52,999 | +16.9% |
| Amounts payable | 17/49 | €571,317 | €453,660 | -€117,657 | -20.6% |
| Amounts payable within one year | 42/48 | €555,524 | €441,297 | -€114,226 | -20.6% |
| Trade debts | 44 | €6,519 | €7,768 | +€1,249 | +19.2% |
| Suppliers | 440/4 | €6,519 | €7,768 | +€1,249 | +19.2% |
| Taxes, remuneration and social security | 45 | €14,701 | €16,448 | +€1,748 | +11.9% |
| Taxes | 450/3 | €12,055 | €16,448 | +€4,393 | +36.4% |
| Remuneration and social security | 454/9 | €2,646 | - | -€2,646 | |
| Other amounts payable | 47/48 | €534,304 | €417,081 | -€117,223 | -21.9% |
| Accrued charges and deferred income | 492/3 | €15,793 | €12,362 | -€3,431 | -21.7% |
| Other operating charges | 640/8 | €1,183 | €1,554 | +€371 | +31.4% |
| Gross operating margin | 9900 | €46,578 | €67,411 | +€20,833 | +44.7% |
| Operating profit (loss) | 9901 | €45,395 | €65,857 | +€20,462 | +45.1% |
| Financial income | 75/76B | €21,000 | €20,000 | -€1,000 | -4.8% |
| Recurring financial income | 75 | €21,000 | €20,000 | -€1,000 | -4.8% |
| Financial charges | 65/66B | €22,667 | €17,983 | -€4,684 | -20.7% |
| Recurring financial charges | 65 | €22,667 | €17,983 | -€4,684 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €43,729 | €67,874 | +€24,145 | +55.2% |
| Income taxes | 67/77 | €8,108 | €14,875 | +€6,767 | +83.5% |
| Profit (loss) for the period | 9904 | €35,621 | €52,999 | +€17,378 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,621 | €52,999 | +€17,378 | +48.8% |
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 28 October 2026 via checked.be.