VANDERSANDEN JAN: 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 JAN
Largest movements
- Cash +€928,101
up €928,101 (+163,837%), from €566 to €928,668
mainly Investment in fixed assets (net) (+€702,917) and Net result for the year (+€558,929)
- Tangible fixed assets -€716,949
down €716,949 (-71.5%), from €1.0m to €286,301
of which Land and buildings: -€714,057
- Debts after one year -€308,172
down €308,172 (-65.1%), from €473,320 to €165,148
- Reserves +€306,137
up €306,137 (+67.2%), from €455,540 to €761,677
- Tax, wage and social debts +€270,404
up €270,404 (+2,577%), from €10,492 to €280,896
- Current portion of long-term debt -€53,046
down €53,046 (-68.7%), from €77,218 to €24,173
- Profit (loss) carried forward +€29,299
up €29,299, from -€29,299 to €0
- Gross operating margin +€804,273
up €804,273 (+1,170%), from €68,738 to €873,010
- Taxes +€188,063
up €188,063 (+464%), from €40,529 to €228,592
- Other operating charges +€42,369
up €42,369 (+895%), from €4,733 to €47,102
- Depreciation -€26,272
down €26,272 (-65.2%), from €40,304 to €14,032
- Financial charges +€10,180
up €10,180 (+81.6%), from €12,471 to €22,651
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 | €1,035,359 | €1,250,437 | +€215,077 | +20.8% |
| Fixed assets | 21/28 | €1,003,250 | €286,301 | -€716,949 | -71.5% |
| Tangible fixed assets | 22/27 | €1,003,250 | €286,301 | -€716,949 | -71.5% |
| Land and buildings | 22 | €990,804 | €276,747 | -€714,057 | -72.1% |
| Furniture and vehicles | 24 | €2,179 | €3,654 | +€1,476 | +67.7% |
| Other tangible fixed assets | 26 | €10,267 | €5,900 | -€4,368 | -42.5% |
| Current assets | 29/58 | €32,109 | €964,136 | +€932,027 | +2,903% |
| Amounts receivable within one year | 40/41 | €18,734 | €28,566 | +€9,831 | +52.5% |
| Trade receivables | 40 | €14,200 | €0 | -€14,200 | -100% |
| Other amounts receivable | 41 | €4,534 | €28,566 | +€24,032 | +530% |
| Cash at bank and in hand | 54/58 | €566 | €928,668 | +€928,101 | +163,837% |
| Deferred charges and accrued income | 490/1 | €12,808 | €6,902 | -€5,906 | -46.1% |
| Total equity and liabilities | 10/49 | €1,035,359 | €1,250,437 | +€215,077 | +20.8% |
| Equity | 10/15 | €438,641 | €774,077 | +€335,436 | +76.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €455,540 | €761,677 | +€306,137 | +67.2% |
| Distributable reserves | 133 | €455,540 | €761,677 | +€306,137 | +67.2% |
| Profit (loss) carried forward | 14 | -€29,299 | €0 | +€29,299 | |
| Amounts payable | 17/49 | €596,718 | €476,360 | -€120,358 | -20.2% |
| Amounts payable after more than one year | 17 | €473,320 | €165,148 | -€308,172 | -65.1% |
| Financial debts | 170/4 | €473,320 | €165,148 | -€308,172 | -65.1% |
| Amounts payable within one year | 42/48 | €119,574 | €305,507 | +€185,933 | +155% |
| Current portion of amounts payable after more than one year | 42 | €77,218 | €24,173 | -€53,046 | -68.7% |
| Trade debts | 44 | €4,389 | €439 | -€3,951 | -90.0% |
| Suppliers | 440/4 | €4,389 | €439 | -€3,951 | -90.0% |
| Taxes, remuneration and social security | 45 | €10,492 | €280,896 | +€270,404 | +2,577% |
| Taxes | 450/3 | €10,492 | €280,896 | +€270,404 | +2,577% |
| Other amounts payable | 47/48 | €27,475 | €0 | -€27,475 | -100% |
| Accrued charges and deferred income | 492/3 | €3,824 | €5,705 | +€1,881 | +49.2% |
| Non-recurring operating income | 76A | - | €858,716 | +€858,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,304 | €14,032 | -€26,272 | -65.2% |
| Other operating charges | 640/8 | €4,733 | €47,102 | +€42,369 | +895% |
| Non-recurring operating charges | 66A | - | €1,708 | +€1,708 | |
| Gross operating margin | 9900 | €68,738 | €873,010 | +€804,273 | +1,170% |
| Operating profit (loss) | 9901 | €23,701 | €810,168 | +€786,467 | +3,318% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1,165% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,165% |
| Financial charges | 65/66B | €12,471 | €22,651 | +€10,180 | +81.6% |
| Recurring financial charges | 65 | €12,471 | €22,651 | +€10,180 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €11,230 | €787,521 | +€776,291 | +6,913% |
| Income taxes | 67/77 | €40,529 | €228,592 | +€188,063 | +464% |
| Profit (loss) for the period | 9904 | -€29,299 | €558,929 | +€588,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,299 | €558,929 | +€588,227 |
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.