VANDERSCHOT: 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.
VANDERSCHOT
Largest movements
- Receivables within one year -€59,820
down €59,820 (-68.7%), from €87,061 to €27,241
of which Trade receivables: -€51,988
- Cash +€41,576
new in 2025: €41,576
mainly Receivables within one year (+€59,820) and Net result for the year (+€38,233)
- Stocks and contracts +€17,188
up €17,188 (+43.5%), from €39,530 to €56,718
- Tangible fixed assets -€2,685
down €2,685 (-13.9%), from €19,278 to €16,593
of which Furniture and vehicles: -€4,667
- Reserves +€38,233
up €38,233 (+85.6%), from €44,657 to €82,890
- Contributions -€17,000
down €17,000 (-83.3%), from €20,410 to €3,410
- Trade debts -€14,919
down €14,919 (-42.7%), from €34,945 to €20,026
- Tax, wage and social debts -€4,136
down €4,136 (-15.9%), from €26,002 to €21,866
of which Taxes: -€3,976
- Debts after one year -€3,961
down €3,961 (-74.4%), from €5,324 to €1,363
- Gross operating margin +€26,364
up €26,364 (+69.3%), from €38,024 to €64,388
- Taxes +€9,472
up €9,472 (+89.3%), from €10,601 to €20,073
- Depreciation -€818
down €818 (-13.2%), from €6,203 to €5,385
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 | €146,922 | €143,204 | -€3,719 | -2.5% |
| Fixed assets | 21/28 | €19,278 | €16,593 | -€2,685 | -13.9% |
| Tangible fixed assets | 22/27 | €19,278 | €16,593 | -€2,685 | -13.9% |
| Plant, machinery and equipment | 23 | €1,707 | €3,798 | +€2,091 | +122.5% |
| Furniture and vehicles | 24 | €17,416 | €12,749 | -€4,667 | -26.8% |
| Leasing and similar rights | 25 | €155 | €46 | -€109 | -70.1% |
| Current assets | 29/58 | €127,645 | €126,611 | -€1,034 | -0.8% |
| Stocks and contracts in progress | 3 | €39,530 | €56,718 | +€17,188 | +43.5% |
| Stocks | 30/36 | €39,530 | €56,718 | +€17,188 | +43.5% |
| Amounts receivable within one year | 40/41 | €87,061 | €27,241 | -€59,820 | -68.7% |
| Trade receivables | 40 | €79,039 | €27,052 | -€51,988 | -65.8% |
| Other amounts receivable | 41 | €8,022 | €190 | -€7,833 | -97.6% |
| Cash at bank and in hand | 54/58 | - | €41,576 | +€41,576 | |
| Deferred charges and accrued income | 490/1 | €1,053 | €1,075 | +€22 | +2.1% |
| Total equity and liabilities | 10/49 | €146,922 | €143,204 | -€3,719 | -2.5% |
| Equity | 10/15 | €65,067 | €86,300 | +€21,233 | +32.6% |
| Contributions | 10/11 | €20,410 | €3,410 | -€17,000 | -83.3% |
| Reserves | 13 | €44,657 | €82,890 | +€38,233 | +85.6% |
| Distributable reserves | 133 | €44,657 | €82,890 | +€38,233 | +85.6% |
| Amounts payable | 17/49 | €81,855 | €56,904 | -€24,952 | -30.5% |
| Amounts payable after more than one year | 17 | €5,324 | €1,363 | -€3,961 | -74.4% |
| Financial debts | 170/4 | €5,324 | €1,363 | -€3,961 | -74.4% |
| Amounts payable within one year | 42/48 | €76,532 | €55,541 | -€20,991 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €4,200 | €4,386 | +€186 | +4.4% |
| Trade debts | 44 | €34,945 | €20,026 | -€14,919 | -42.7% |
| Suppliers | 440/4 | €34,945 | €20,026 | -€14,919 | -42.7% |
| Taxes, remuneration and social security | 45 | €26,002 | €21,866 | -€4,136 | -15.9% |
| Taxes | 450/3 | €24,048 | €20,073 | -€3,976 | -16.5% |
| Remuneration and social security | 454/9 | €1,954 | €1,794 | -€160 | -8.2% |
| Other amounts payable | 47/48 | €11,385 | €9,263 | -€2,122 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,203 | €5,385 | -€818 | -13.2% |
| Other operating charges | 640/8 | €311 | €257 | -€54 | -17.4% |
| Gross operating margin | 9900 | €38,024 | €64,388 | +€26,364 | +69.3% |
| Operating profit (loss) | 9901 | €31,510 | €58,746 | +€27,236 | +86.4% |
| Financial income | 75/76B | €39 | €17 | -€22 | -56.8% |
| Recurring financial income | 75 | €39 | €17 | -€22 | -56.8% |
| Financial charges | 65/66B | €735 | €457 | -€278 | -37.8% |
| Recurring financial charges | 65 | €735 | €457 | -€278 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €30,814 | €58,306 | +€27,492 | +89.2% |
| Income taxes | 67/77 | €10,601 | €20,073 | +€9,472 | +89.3% |
| Profit (loss) for the period | 9904 | €20,213 | €38,233 | +€18,020 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,213 | €38,233 | +€18,020 | +89.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.