VANDERSANDEN DAP: 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.
VANDERSANDEN DAP
Largest movements
- Receivables within one year +€69,210
up €69,210 (+16.4%), from €421,278 to €490,488
of which Other amounts receivable: +€44,870
- Cash +€15,661
up €15,661 (+6.0%), from €259,712 to €275,374
mainly Net result for the year (+€71,859) and Other debts (+€35,850)
- Stocks and contracts +€13,493
up €13,493 (+97.6%), from €13,821 to €27,314
- Reserves +€71,859
up €71,859 (+10.7%), from €670,140 to €742,000
of which Distributable reserves: +€71,859
- Other debts +€35,850
up €35,850 (+969%), from €3,699 to €39,549
- Tax, wage and social debts -€18,900
down €18,900 (-66.5%), from €28,400 to €9,500
- Purchases and services -€31,236
down €31,236 (-18.1%), from €172,281 to €141,045
- Gross operating margin +€16,487
up €16,487 (+16.6%), from €99,233 to €115,720
- Turnover -€14,749
down €14,749 (-5.5%), from €267,514 to €252,765
- Depreciation +€14,554
up €14,554 (+275%), from €5,297 to €19,852
- Financial income +€13,639
up €13,639 (+485%), from €2,815 to €16,454
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 | €740,186 | €834,893 | +€94,708 | +12.8% |
| Fixed assets | 21/28 | €45,375 | €41,718 | -€3,657 | -8.1% |
| Tangible fixed assets | 22/27 | €45,375 | €41,718 | -€3,657 | -8.1% |
| Plant, machinery and equipment | 23 | €45,375 | €41,718 | -€3,657 | -8.1% |
| Current assets | 29/58 | €694,811 | €793,175 | +€98,365 | +14.2% |
| Stocks and contracts in progress | 3 | €13,821 | €27,314 | +€13,493 | +97.6% |
| Stocks | 30/36 | €13,821 | €27,314 | +€13,493 | +97.6% |
| Amounts receivable within one year | 40/41 | €421,278 | €490,488 | +€69,210 | +16.4% |
| Trade receivables | 40 | €268,768 | €293,108 | +€24,340 | +9.1% |
| Other amounts receivable | 41 | €152,509 | €197,379 | +€44,870 | +29.4% |
| Cash at bank and in hand | 54/58 | €259,712 | €275,374 | +€15,661 | +6.0% |
| Total equity and liabilities | 10/49 | €740,186 | €834,893 | +€94,708 | +12.8% |
| Equity | 10/15 | €695,140 | €767,000 | +€71,859 | +10.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €670,140 | €742,000 | +€71,859 | +10.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €667,640 | €739,500 | +€71,859 | +10.8% |
| Amounts payable | 17/49 | €45,045 | €67,894 | +€22,848 | +50.7% |
| Amounts payable within one year | 42/48 | €45,045 | €67,894 | +€22,848 | +50.7% |
| Financial debts | 43 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Credit institutions | 430/8 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Trade debts | 44 | €6,946 | €10,845 | +€3,898 | +56.1% |
| Suppliers | 440/4 | €6,946 | €10,845 | +€3,898 | +56.1% |
| Taxes, remuneration and social security | 45 | €28,400 | €9,500 | -€18,900 | -66.5% |
| Taxes | 450/3 | €28,400 | €9,500 | -€18,900 | -66.5% |
| Other amounts payable | 47/48 | €3,699 | €39,549 | +€35,850 | +969% |
| Turnover | 70 | €267,514 | €252,765 | -€14,749 | -5.5% |
| Non-recurring operating income | 76A | €4,000 | €4,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €172,281 | €141,045 | -€31,236 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,297 | €19,852 | +€14,554 | +275% |
| Other operating charges | 640/8 | €5,999 | €5,458 | -€542 | -9.0% |
| Gross operating margin | 9900 | €99,233 | €115,720 | +€16,487 | +16.6% |
| Operating profit (loss) | 9901 | €87,936 | €90,410 | +€2,474 | +2.8% |
| Financial income | 75/76B | €2,815 | €16,454 | +€13,639 | +485% |
| Recurring financial income | 75 | €2,815 | €16,454 | +€13,639 | +485% |
| Financial charges | 65/66B | €533 | €770 | +€237 | +44.5% |
| Recurring financial charges | 65 | €533 | €770 | +€237 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €90,218 | €106,094 | +€15,876 | +17.6% |
| Income taxes | 67/77 | €30,072 | €34,235 | +€4,163 | +13.8% |
| Profit (loss) for the period | 9904 | €60,146 | €71,859 | +€11,713 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,146 | €71,859 | +€11,713 | +19.5% |
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 16 October 2026 via checked.be.