Vanderstraeten Serge: 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 Serge
Largest movements
- Cash +€82,161
up €82,161 (+2,118%), from €3,879 to €86,040
mainly Other debts (+€36,094) and Net result for the year (+€34,013)
- Stocks and contracts +€24,700
new in 2024: €24,700
- Receivables after one year -€19,000
no longer reported in 2024 (was €19,000)
- Receivables within one year -€13,435
down €13,435 (-23.9%), from €56,102 to €42,667
of which Other amounts receivable: -€25,584
- Tangible fixed assets -€3,561
down €3,561 (-5.7%), from €62,276 to €58,716
of which Land and buildings: -€2,596
- Other debts +€36,094
new in 2024: €36,094
- Reserves +€34,013
up €34,013 (+29.7%), from €114,570 to €148,583
- Trade debts +€6,703
new in 2024: €6,703
- Debts after one year -€3,505
down €3,505 (-74.8%), from €4,689 to €1,184
- Tax, wage and social debts -€2,508
down €2,508 (-19.9%), from €12,571 to €10,063
of which Taxes: -€3,858
- Gross operating margin +€41,221
up €41,221 (+264%), from €15,600 to €56,821
- Staff costs -€12,162
no longer reported in 2024 (was €12,162)
- Taxes +€7,823
up €7,823 (+5,948%), from €132 to €7,954
- Depreciation -€829
down €829 (-7.1%), from €11,690 to €10,861
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.
Derived cash bridge
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 | €141,467 | €212,332 | +€70,865 | +50.1% |
| Fixed assets | 21/28 | €62,486 | €58,925 | -€3,561 | -5.7% |
| Tangible fixed assets | 22/27 | €62,276 | €58,716 | -€3,561 | -5.7% |
| Land and buildings | 22 | €16,102 | €13,507 | -€2,596 | -16.1% |
| Plant, machinery and equipment | 23 | €2,065 | - | -€2,065 | |
| Furniture and vehicles | 24 | €44,108 | €45,209 | +€1,101 | +2.5% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €78,981 | €153,407 | +€74,426 | +94.2% |
| Amounts receivable after more than one year | 29 | €19,000 | - | -€19,000 | |
| Other amounts receivable | 291 | €19,000 | - | -€19,000 | |
| Stocks and contracts in progress | 3 | - | €24,700 | +€24,700 | |
| Stocks | 30/36 | - | €24,700 | +€24,700 | |
| Amounts receivable within one year | 40/41 | €56,102 | €42,667 | -€13,435 | -23.9% |
| Trade receivables | 40 | €30,512 | €42,661 | +€12,149 | +39.8% |
| Other amounts receivable | 41 | €25,590 | €6 | -€25,584 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,879 | €86,040 | +€82,161 | +2,118% |
| Total equity and liabilities | 10/49 | €141,467 | €212,332 | +€70,865 | +50.1% |
| Equity | 10/15 | €120,770 | €154,783 | +€34,013 | +28.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,570 | €148,583 | +€34,013 | +29.7% |
| Distributable reserves | 133 | €114,570 | €148,583 | +€34,013 | +29.7% |
| Amounts payable | 17/49 | €20,696 | €57,549 | +€36,852 | +178% |
| Amounts payable after more than one year | 17 | €4,689 | €1,184 | -€3,505 | -74.8% |
| Financial debts | 170/4 | €4,689 | €1,184 | -€3,505 | -74.8% |
| Amounts payable within one year | 42/48 | €16,008 | €56,365 | +€40,357 | +252% |
| Current portion of amounts payable after more than one year | 42 | €3,437 | €3,505 | +€68 | +2.0% |
| Trade debts | 44 | - | €6,703 | +€6,703 | |
| Suppliers | 440/4 | - | €6,703 | +€6,703 | |
| Taxes, remuneration and social security | 45 | €12,571 | €10,063 | -€2,508 | -19.9% |
| Taxes | 450/3 | €12,571 | €8,713 | -€3,858 | -30.7% |
| Remuneration and social security | 454/9 | - | €1,350 | +€1,350 | |
| Other amounts payable | 47/48 | - | €36,094 | +€36,094 | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €12,162 | - | -€12,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,690 | €10,861 | -€829 | -7.1% |
| Other operating charges | 640/8 | €3,660 | €3,511 | -€149 | -4.1% |
| Non-recurring operating charges | 66A | €3,946 | - | -€3,946 | |
| Gross operating margin | 9900 | €15,600 | €56,821 | +€41,221 | +264% |
| Operating profit (loss) | 9901 | -€15,857 | €42,450 | +€58,307 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €514 | €483 | -€31 | -6.1% |
| Recurring financial charges | 65 | €514 | €483 | -€31 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,359 | €41,967 | +€58,326 | |
| Income taxes | 67/77 | €132 | €7,954 | +€7,823 | +5,948% |
| Profit (loss) for the period | 9904 | -€16,490 | €34,013 | +€50,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,490 | €34,013 | +€50,503 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.