VANDERSNICKT MICHEL: what changed
What changed
VANDERSNICKT MICHEL
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
-€13,692
2024 · €2,947-€16,639
Equity
€227,525
2024 · €241,217-€13,692
Cash
€29,417
2024 · €141,634-€112,217
Balance sheet total
€546,650
2024 · €539,790+€6,859
Largest movements
Assets
- Current investments +€119,966
up €119,966 (+429%), from €27,934 to €147,900
- Cash -€112,217
down €112,217 (-79.2%), from €141,634 to €29,417
mainly Current investments (-€119,966) and Net result for the year (-€13,692)
Equity and liabilities
- Debts after one year +€17,723
up €17,723 (+6.1%), from €292,484 to €310,207
- Profit (loss) carried forward -€13,382
down €13,382 (-20.8%), from -€64,259 to -€77,641
Income statement
- Gross operating margin -€21,149
down €21,149 (-79.1%), from €26,742 to €5,593
- Financial charges -€4,150
down €4,150 (-18.7%), from €22,185 to €18,035
- Other operating charges -€746
down €746 (-20.8%), from €3,591 to €2,845
- Financial income -€386
down €386 (-19.5%), from €1,981 to €1,595
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,947
Gross operating margin
-€21,149
Other operating charges
+€746
Financial income
-€386
Financial charges
+€4,150
Result 2025
-€13,692
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€9,974
Investment
-€119,966
Financing
+€17,723
Cash 2024
€141,634
From operations (derived)
-€9,974
Net result for the year
-€13,692
Smaller working-capital items
-€383
Receivables within one year
+€1,170
Trade debts
+€2,932
Investment (derived)
-€119,966
Current investments
-€119,966
Financing
+€17,723
Debts after one year
+€17,723
Cash 2025
€29,417
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,790 | €546,650 | +€6,859 | +1.3% |
| Fixed assets | 21/28 | €363,560 | €363,560 | = | 0.0% |
| Tangible fixed assets | 22/27 | €363,556 | €363,556 | = | 0.0% |
| Land and buildings | 22 | €265,488 | €265,488 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,930 | €6,930 | = | 0.0% |
| Furniture and vehicles | 24 | €91,139 | €91,139 | = | 0.0% |
| Financial fixed assets | 28 | €4 | €4 | = | 0.0% |
| Current assets | 29/58 | €176,230 | €183,089 | +€6,859 | +3.9% |
| Stocks and contracts in progress | 3 | €2,005 | €2,285 | +€280 | +14.0% |
| Stocks | 30/36 | €2,005 | €2,285 | +€280 | +14.0% |
| Amounts receivable within one year | 40/41 | €4,658 | €3,488 | -€1,170 | -25.1% |
| Trade receivables | 40 | €4,658 | €3,488 | -€1,170 | -25.1% |
| Current investments | 50/53 | €27,934 | €147,900 | +€119,966 | +429% |
| Cash at bank and in hand | 54/58 | €141,634 | €29,417 | -€112,217 | -79.2% |
| Total equity and liabilities | 10/49 | €539,790 | €546,650 | +€6,859 | +1.3% |
| Equity | 10/15 | €241,217 | €227,525 | -€13,692 | -5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €286,884 | €286,574 | -€310 | -0.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,298 | €29,988 | -€310 | -1.0% |
| Distributable reserves | 133 | €254,727 | €254,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,259 | -€77,641 | -€13,382 | -20.8% |
| Provisions and deferred taxes | 16 | €2,403 | €2,300 | -€103 | -4.3% |
| Deferred taxes | 168 | €2,403 | €2,300 | -€103 | -4.3% |
| Amounts payable | 17/49 | €296,170 | €316,825 | +€20,654 | +7.0% |
| Amounts payable after more than one year | 17 | €292,484 | €310,207 | +€17,723 | +6.1% |
| Other amounts payable | 178/9 | €292,484 | €310,207 | +€17,723 | +6.1% |
| Amounts payable within one year | 42/48 | €3,686 | €6,617 | +€2,932 | +79.5% |
| Trade debts | 44 | €3,686 | €6,617 | +€2,932 | +79.5% |
| Suppliers | 440/4 | €3,686 | €6,617 | +€2,932 | +79.5% |
| Other operating charges | 640/8 | €3,591 | €2,845 | -€746 | -20.8% |
| Gross operating margin | 9900 | €26,742 | €5,593 | -€21,149 | -79.1% |
| Operating profit (loss) | 9901 | €23,151 | €2,748 | -€20,403 | -88.1% |
| Financial income | 75/76B | €1,981 | €1,595 | -€386 | -19.5% |
| Recurring financial income | 75 | €1,981 | €1,595 | -€386 | -19.5% |
| Financial charges | 65/66B | €22,185 | €18,035 | -€4,150 | -18.7% |
| Recurring financial charges | 65 | €22,185 | €18,035 | -€4,150 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €2,947 | -€13,692 | -€16,639 | |
| Profit (loss) for the period | 9904 | €2,947 | -€13,692 | -€16,639 | |
| Transfer from tax-exempt reserves | 789 | €310 | €310 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,257 | -€13,382 | -€16,639 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.