VANDERR: 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.
VANDERR
Largest movements
- Receivables within one year +€74,171
up €74,171 (+517.6%), from €14,331 to €88,502
of which Trade receivables: +€46,520
- Cash -€30,595
down €30,595 (-47.9%), from €63,916 to €33,321
mainly Receivables within one year (-€74,171) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets -€27,535
down €27,535 (-20.5%), from €134,005 to €106,470
of which Furniture and vehicles: -€16,729
- Financial fixed assets -€22,330
down €22,330 (-95.8%), from €23,311 to €981
- Tax, wage and social debts -€43,332
down €43,332 (-99.4%), from €43,572 to €240
- Other debts +€30,000
up €30,000 (+100.0%), from €30,000 to €60,000
- Profit (loss) carried forward +€6,205
up €6,205 (+4.0%), from €153,707 to €159,912
- Gross operating margin -€46,744
down €46,744 (-28.9%), from €161,789 to €115,046
- Taxes -€12,082
down €12,082 (-33.6%), from €35,986 to €23,903
- Depreciation -€1,932
down €1,932 (-7.3%), from €26,579 to €24,647
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 | €237,078 | €230,570 | -€6,508 | -2.7% |
| Fixed assets | 21/28 | €157,316 | €107,451 | -€49,865 | -31.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €134,005 | €106,470 | -€27,535 | -20.5% |
| Plant, machinery and equipment | 23 | €9,423 | €5,726 | -€3,697 | -39.2% |
| Furniture and vehicles | 24 | €67,485 | €50,756 | -€16,729 | -24.8% |
| Other tangible fixed assets | 26 | €57,096 | €49,988 | -€7,108 | -12.4% |
| Financial fixed assets | 28 | €23,311 | €981 | -€22,330 | -95.8% |
| Current assets | 29/58 | €79,762 | €123,119 | +€43,357 | +54.4% |
| Amounts receivable within one year | 40/41 | €14,331 | €88,502 | +€74,171 | +517.6% |
| Trade receivables | 40 | €3,630 | €50,150 | +€46,520 | +1281.5% |
| Other amounts receivable | 41 | €10,701 | €38,352 | +€27,651 | +258.4% |
| Cash at bank and in hand | 54/58 | €63,916 | €33,321 | -€30,595 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,516 | €1,297 | -€219 | -14.4% |
| Total equity and liabilities | 10/49 | €237,078 | €230,570 | -€6,508 | -2.7% |
| Equity | 10/15 | €158,707 | €164,912 | +€6,205 | +3.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,707 | €159,912 | +€6,205 | +4.0% |
| Amounts payable | 17/49 | €78,372 | €65,658 | -€12,713 | -16.2% |
| Amounts payable within one year | 42/48 | €78,372 | €65,658 | -€12,713 | -16.2% |
| Trade debts | 44 | €4,800 | €5,418 | +€618 | +12.9% |
| Suppliers | 440/4 | €4,800 | €5,418 | +€618 | +12.9% |
| Taxes, remuneration and social security | 45 | €43,572 | €240 | -€43,332 | -99.4% |
| Taxes | 450/3 | €43,572 | €240 | -€43,332 | -99.4% |
| Other amounts payable | 47/48 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €327 | €0 | -€327 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,579 | €24,647 | -€1,932 | -7.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €548 | +€548 | |
| Gross operating margin | 9900 | €161,789 | €115,046 | -€46,744 | -28.9% |
| Operating profit (loss) | 9901 | €134,497 | €89,451 | -€45,045 | -33.5% |
| Financial income | 75/76B | €842 | €784 | -€57 | -6.8% |
| Recurring financial income | 75 | €842 | €784 | -€57 | -6.8% |
| Financial charges | 65/66B | €212 | €127 | -€86 | -40.3% |
| Recurring financial charges | 65 | €212 | €127 | -€86 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €135,126 | €90,109 | -€45,017 | -33.3% |
| Income taxes | 67/77 | €35,986 | €23,903 | -€12,082 | -33.6% |
| Profit (loss) for the period | 9904 | €99,140 | €66,205 | -€32,935 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,140 | €66,205 | -€32,935 | -33.2% |
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 6 October 2026 via checked.be.