VANDERSPICKKEN GERY: 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.
VANDERSPICKKEN GERY
Largest movements
- Receivables within one year -€54,080
down €54,080 (-42.0%), from €128,638 to €74,558
of which Trade receivables: -€44,021
- Stocks and contracts -€30,084
down €30,084 (-31.8%), from €94,577 to €64,493
of which Contracts in progress: -€26,482
- Cash -€25,763
down €25,763 (-92.3%), from €27,899 to €2,136
mainly Trade debts (-€68,940) and Investment in fixed assets (net) (-€36,564)
- Tangible fixed assets -€9,992
down €9,992 (-1.6%), from €606,506 to €596,514
of which Plant, machinery and equipment: -€6,049
- Trade debts -€68,940
down €68,940 (-33.4%), from €206,431 to €137,492
- Debts after one year -€31,270
down €31,270 (-15.0%), from €208,123 to €176,853
- Reserves +€18,943
up €18,943 (+8.7%), from €217,319 to €236,261
of which Distributable reserves: +€18,943
- Other debts -€15,675
down €15,675 (-100.0%), from €15,675 to €0
- Current portion of long-term debt -€14,460
down €14,460 (-18.7%), from €77,252 to €62,791
- Staff costs -€41,093
down €41,093 (-73.3%), from €56,023 to €14,930
- Gross operating margin -€37,121
down €37,121 (-24.4%), from €152,362 to €115,241
- Depreciation -€10,472
down €10,472 (-18.4%), from €57,028 to €46,556
- Taxes +€2,786
up €2,786 (+59.6%), from €4,678 to €7,465
- Financial charges +€1,991
up €1,991 (+16.1%), from €12,399 to €14,390
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €858,599 | €741,060 | -€117,539 | -13.7% |
| Fixed assets | 21/28 | €606,899 | €596,906 | -€9,992 | -1.6% |
| Tangible fixed assets | 22/27 | €606,506 | €596,514 | -€9,992 | -1.6% |
| Land and buildings | 22 | €558,273 | €559,533 | +€1,261 | +0.2% |
| Plant, machinery and equipment | 23 | €39,083 | €33,035 | -€6,049 | -15.5% |
| Furniture and vehicles | 24 | €9,150 | €3,946 | -€5,204 | -56.9% |
| Financial fixed assets | 28 | €392 | €392 | = | 0.0% |
| Current assets | 29/58 | €251,701 | €144,154 | -€107,547 | -42.7% |
| Stocks and contracts in progress | 3 | €94,577 | €64,493 | -€30,084 | -31.8% |
| Stocks | 30/36 | €14,928 | €11,325 | -€3,603 | -24.1% |
| Contracts in progress | 37 | €79,650 | €53,168 | -€26,482 | -33.2% |
| Amounts receivable within one year | 40/41 | €128,638 | €74,558 | -€54,080 | -42.0% |
| Trade receivables | 40 | €115,947 | €71,926 | -€44,021 | -38.0% |
| Other amounts receivable | 41 | €12,691 | €2,631 | -€10,060 | -79.3% |
| Cash at bank and in hand | 54/58 | €27,899 | €2,136 | -€25,763 | -92.3% |
| Deferred charges and accrued income | 490/1 | €586 | €2,967 | +€2,381 | +406.4% |
| Total equity and liabilities | 10/49 | €858,599 | €741,060 | -€117,539 | -13.7% |
| Equity | 10/15 | €270,911 | €289,853 | +€18,943 | +7.0% |
| Contributions | 10/11 | €53,592 | €53,592 | = | 0.0% |
| Reserves | 13 | €217,319 | €236,261 | +€18,943 | +8.7% |
| Non-distributable reserves | 130/1 | €5,881 | €5,881 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,881 | €5,881 | = | 0.0% |
| Distributable reserves | 133 | €211,437 | €230,380 | +€18,943 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €587,689 | €451,207 | -€136,482 | -23.2% |
| Amounts payable after more than one year | 17 | €208,123 | €176,853 | -€31,270 | -15.0% |
| Financial debts | 170/4 | €208,123 | €176,853 | -€31,270 | -15.0% |
| Amounts payable within one year | 42/48 | €379,566 | €273,839 | -€105,727 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €77,252 | €62,791 | -€14,460 | -18.7% |
| Financial debts | 43 | - | €7,509 | +€7,509 | |
| Credit institutions | 430/8 | - | €7,509 | +€7,509 | |
| Trade debts | 44 | €206,431 | €137,492 | -€68,940 | -33.4% |
| Suppliers | 440/4 | €206,431 | €137,492 | -€68,940 | -33.4% |
| Advances received on contracts in progress | 46 | €4,494 | €4,494 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €75,714 | €61,554 | -€14,161 | -18.7% |
| Taxes | 450/3 | €62,423 | €46,329 | -€16,094 | -25.8% |
| Remuneration and social security | 454/9 | €13,291 | €15,225 | +€1,934 | +14.5% |
| Other amounts payable | 47/48 | €15,675 | €0 | -€15,675 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €515 | +€515 | |
| Remuneration, social security and pensions | 62 | €56,023 | €14,930 | -€41,093 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,028 | €46,556 | -€10,472 | -18.4% |
| Other operating charges | 640/8 | €11,846 | €13,251 | +€1,405 | +11.9% |
| Gross operating margin | 9900 | €152,362 | €115,241 | -€37,121 | -24.4% |
| Operating profit (loss) | 9901 | €27,464 | €40,504 | +€13,040 | +47.5% |
| Financial income | 75/76B | €73 | €293 | +€220 | +301.9% |
| Recurring financial income | 75 | €73 | €293 | +€220 | +301.9% |
| Financial charges | 65/66B | €12,399 | €14,390 | +€1,991 | +16.1% |
| Recurring financial charges | 65 | €12,399 | €14,390 | +€1,991 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €15,139 | €26,407 | +€11,269 | +74.4% |
| Income taxes | 67/77 | €4,678 | €7,465 | +€2,786 | +59.6% |
| Profit (loss) for the period | 9904 | €10,460 | €18,943 | +€8,482 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,460 | €18,943 | +€8,482 | +81.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.