VANDERSTRAETEN: 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.
VANDERSTRAETEN
Largest movements
- Tangible fixed assets +€165,715
up €165,715 (+91.1%), from €181,902 to €347,617
of which Land and buildings: +€149,035
- Cash +€25,168
up €25,168 (+2808.9%), from €896 to €26,064
mainly Contributions, distributions and other (+€151,300) and Depreciation (+€33,638)
- Receivables after one year -€12,770
down €12,770 (-40.7%), from €31,400 to €18,630
- Receivables within one year +€4,395
up €4,395 (+25.6%), from €17,137 to €21,532
of which Other amounts receivable: +€12,140
- Contributions +€151,300
up €151,300 (+813.8%), from €18,592 to €169,892
- Current portion of long-term debt +€18,357
up €18,357 (+77.2%), from €23,784 to €42,141
- Trade debts +€13,214
up €13,214 (+116.7%), from €11,325 to €24,539
- Debts after one year +€11,709
up €11,709 (+20.3%), from €57,628 to €69,337
- Profit (loss) carried forward -€5,172
down €5,172, from €2,742 to -€2,430
- Gross operating margin -€13,899
down €13,899 (-27.9%), from €49,731 to €35,832
- Depreciation -€2,563
down €2,563 (-7.1%), from €36,201 to €33,638
- Taxes -€2,260
down €2,260, from €1,773 to -€487
- Financial charges +€1,593
up €1,593 (+27.9%), from €5,711 to €7,304
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,654 | €419,339 | +€184,685 | +78.7% |
| Fixed assets | 21/28 | €181,902 | €347,617 | +€165,715 | +91.1% |
| Tangible fixed assets | 22/27 | €181,902 | €347,617 | +€165,715 | +91.1% |
| Land and buildings | 22 | €11,545 | €160,580 | +€149,035 | +1290.9% |
| Plant, machinery and equipment | 23 | €12,607 | €14,044 | +€1,437 | +11.4% |
| Furniture and vehicles | 24 | €157,750 | €172,993 | +€15,243 | +9.7% |
| Current assets | 29/58 | €52,752 | €71,722 | +€18,970 | +36.0% |
| Amounts receivable after more than one year | 29 | €31,400 | €18,630 | -€12,770 | -40.7% |
| Other amounts receivable | 291 | €31,400 | €18,630 | -€12,770 | -40.7% |
| Amounts receivable within one year | 40/41 | €17,137 | €21,532 | +€4,395 | +25.6% |
| Trade receivables | 40 | €16,637 | €8,892 | -€7,745 | -46.6% |
| Other amounts receivable | 41 | €500 | €12,640 | +€12,140 | +2428.0% |
| Cash at bank and in hand | 54/58 | €896 | €26,064 | +€25,168 | +2808.9% |
| Deferred charges and accrued income | 490/1 | €3,319 | €5,496 | +€2,177 | +65.6% |
| Total equity and liabilities | 10/49 | €234,654 | €419,339 | +€184,685 | +78.7% |
| Equity | 10/15 | €136,184 | €282,312 | +€146,128 | +107.3% |
| Contributions | 10/11 | €18,592 | €169,892 | +€151,300 | +813.8% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €114,850 | €114,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,990 | €15,990 | = | 0.0% |
| Distributable reserves | 133 | €97,000 | €97,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,742 | -€2,430 | -€5,172 | |
| Amounts payable | 17/49 | €98,470 | €137,027 | +€38,557 | +39.2% |
| Amounts payable after more than one year | 17 | €57,628 | €69,337 | +€11,709 | +20.3% |
| Financial debts | 170/4 | €57,628 | €69,337 | +€11,709 | +20.3% |
| Amounts payable within one year | 42/48 | €40,842 | €67,690 | +€26,848 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €23,784 | €42,141 | +€18,357 | +77.2% |
| Trade debts | 44 | €11,325 | €24,539 | +€13,214 | +116.7% |
| Suppliers | 440/4 | €11,325 | €24,539 | +€13,214 | +116.7% |
| Taxes, remuneration and social security | 45 | €2,216 | €1,010 | -€1,206 | -54.4% |
| Taxes | 450/3 | €2,216 | €1,010 | -€1,206 | -54.4% |
| Other amounts payable | 47/48 | €3,517 | - | -€3,517 | |
| Non-recurring operating income | 76A | - | €6,200 | +€6,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,201 | €33,638 | -€2,563 | -7.1% |
| Other operating charges | 640/8 | €1,738 | €1,311 | -€427 | -24.6% |
| Gross operating margin | 9900 | €49,731 | €35,832 | -€13,899 | -27.9% |
| Operating profit (loss) | 9901 | €11,792 | €883 | -€10,909 | -92.5% |
| Financial income | 75/76B | €1,175 | €762 | -€413 | -35.1% |
| Recurring financial income | 75 | €1,175 | €762 | -€413 | -35.1% |
| Financial charges | 65/66B | €5,711 | €7,304 | +€1,593 | +27.9% |
| Recurring financial charges | 65 | €5,711 | €7,304 | +€1,593 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €7,256 | -€5,659 | -€12,915 | |
| Income taxes | 67/77 | €1,773 | -€487 | -€2,260 | |
| Profit (loss) for the period | 9904 | €5,483 | -€5,172 | -€10,655 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,483 | -€5,172 | -€10,655 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.