VANDERSTRAETEN PATRICK: 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.
VANDERSTRAETEN PATRICK
Largest movements
- Cash +€12,951
up €12,951 (+28.7%), from €45,103 to €58,054
mainly Depreciation (+€9,351) and Net result for the year (+€4,453)
- Tangible fixed assets -€2,452
down €2,452 (-10.5%), from €23,285 to €20,833
of which Furniture and vehicles: -€2,156
- Current investments +€1,800
up €1,800 (+2.7%), from €65,913 to €67,713
- Reserves +€4,453
up €4,453 (+3.5%), from €127,470 to €131,924
- Debts after one year +€3,998
new in 2025: €3,998
- Other debts +€2,250
up €2,250 (+119%), from €1,897 to €4,146
- Depreciation +€713
up €713 (+8.3%), from €8,639 to €9,351
- Financial income +€312
up €312 (+33.3%), from €939 to €1,252
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 | €144,307 | €156,525 | +€12,218 | +8.5% |
| Fixed assets | 21/28 | €23,335 | €20,883 | -€2,452 | -10.5% |
| Tangible fixed assets | 22/27 | €23,285 | €20,833 | -€2,452 | -10.5% |
| Plant, machinery and equipment | 23 | €296 | €0 | -€296 | -100% |
| Furniture and vehicles | 24 | €22,989 | €20,833 | -€2,156 | -9.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €120,972 | €135,642 | +€14,670 | +12.1% |
| Amounts receivable within one year | 40/41 | €1,209 | €737 | -€471 | -39.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,209 | €737 | -€471 | -39.0% |
| Current investments | 50/53 | €65,913 | €67,713 | +€1,800 | +2.7% |
| Cash at bank and in hand | 54/58 | €45,103 | €58,054 | +€12,951 | +28.7% |
| Deferred charges and accrued income | 490/1 | €8,747 | €9,138 | +€391 | +4.5% |
| Total equity and liabilities | 10/49 | €144,307 | €156,525 | +€12,218 | +8.5% |
| Equity | 10/15 | €139,870 | €144,324 | +€4,453 | +3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €127,470 | €131,924 | +€4,453 | +3.5% |
| Distributable reserves | 133 | €127,470 | €131,924 | +€4,453 | +3.5% |
| Amounts payable | 17/49 | €4,437 | €12,201 | +€7,764 | +175% |
| Amounts payable after more than one year | 17 | - | €3,998 | +€3,998 | |
| Financial debts | 170/4 | - | €3,998 | +€3,998 | |
| Amounts payable within one year | 42/48 | €4,110 | €7,860 | +€3,750 | +91.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,032 | +€1,032 | |
| Financial debts | 43 | €1,183 | €1,010 | -€174 | -14.7% |
| Credit institutions | 430/8 | €1,183 | €1,010 | -€174 | -14.7% |
| Trade debts | 44 | €1,030 | €922 | -€108 | -10.5% |
| Suppliers | 440/4 | €1,030 | €922 | -€108 | -10.5% |
| Taxes, remuneration and social security | 45 | €0 | €750 | +€750 | |
| Taxes | 450/3 | €0 | €750 | +€750 | |
| Other amounts payable | 47/48 | €1,897 | €4,146 | +€2,250 | +119% |
| Accrued charges and deferred income | 492/3 | €327 | €343 | +€16 | +5.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,639 | €9,351 | +€713 | +8.3% |
| Other operating charges | 640/8 | €814 | €709 | -€105 | -12.9% |
| Gross operating margin | 9900 | €17,626 | €17,549 | -€76 | -0.4% |
| Operating profit (loss) | 9901 | €8,173 | €7,489 | -€684 | -8.4% |
| Financial income | 75/76B | €939 | €1,252 | +€312 | +33.3% |
| Recurring financial income | 75 | €939 | €1,252 | +€312 | +33.3% |
| Financial charges | 65/66B | €1,712 | €1,649 | -€63 | -3.7% |
| Recurring financial charges | 65 | €1,712 | €1,649 | -€63 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €7,400 | €7,092 | -€309 | -4.2% |
| Income taxes | 67/77 | €2,569 | €2,638 | +€70 | +2.7% |
| Profit (loss) for the period | 9904 | €4,832 | €4,453 | -€378 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,832 | €4,453 | -€378 | -7.8% |
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 13 October 2026 via checked.be.