VANDERVER: 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.
VANDERVER
Largest movements
- Cash +€62,117
up €62,117 (+495.9%), from €12,526 to €74,643
mainly Tax, wage and social debts (+€109,565) and Receivables within one year (+€38,030)
- Receivables within one year -€38,030
down €38,030 (-26.9%), from €141,365 to €103,335
of which Trade receivables: -€33,463
- Tangible fixed assets +€6,316
up €6,316 (+2.8%), from €229,346 to €235,661
of which Furniture and vehicles: +€4,928
- Tax, wage and social debts +€109,565
up €109,565 (+418.4%), from €26,188 to €135,753
of which Remuneration and social security: +€76,752
- Other debts -€52,373
down €52,373 (-34.6%), from €151,463 to €99,090
- Profit (loss) carried forward +€32,202
up €32,202 (+58.2%), from -€55,305 to -€23,102
- Debts after one year -€23,853
down €23,853 (-23.3%), from €102,195 to €78,341
- Short-term financial debts -€21,592
down €21,592 (-86.7%), from €24,913 to €3,321
- Staff costs +€121,009
up €121,009 (+19.7%), from €614,519 to €735,528
- Gross operating margin +€111,674
up €111,674 (+16.1%), from €692,488 to €804,162
- Depreciation -€27,717
down €27,717 (-51.0%), from €54,345 to €26,629
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.
Cash bridge derived
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 | €500,581 | €530,447 | +€29,866 | +6.0% |
| Fixed assets | 21/28 | €234,033 | €240,349 | +€6,316 | +2.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €229,346 | €235,661 | +€6,316 | +2.8% |
| Land and buildings | 22 | €138,730 | €134,524 | -€4,206 | -3.0% |
| Plant, machinery and equipment | 23 | €82,125 | €83,544 | +€1,418 | +1.7% |
| Furniture and vehicles | 24 | €8,490 | €13,418 | +€4,928 | +58.0% |
| Other tangible fixed assets | 26 | - | €4,175 | +€4,175 | |
| Financial fixed assets | 28 | €4,688 | €4,688 | = | 0.0% |
| Current assets | 29/58 | €266,548 | €290,099 | +€23,551 | +8.8% |
| Stocks and contracts in progress | 3 | €109,885 | €109,379 | -€505 | -0.5% |
| Stocks | 30/36 | €109,885 | €109,379 | -€505 | -0.5% |
| Amounts receivable within one year | 40/41 | €141,365 | €103,335 | -€38,030 | -26.9% |
| Trade receivables | 40 | €43,695 | €10,232 | -€33,463 | -76.6% |
| Other amounts receivable | 41 | €97,670 | €93,103 | -€4,567 | -4.7% |
| Cash at bank and in hand | 54/58 | €12,526 | €74,643 | +€62,117 | +495.9% |
| Deferred charges and accrued income | 490/1 | €2,772 | €2,741 | -€31 | -1.1% |
| Total equity and liabilities | 10/49 | €500,581 | €530,447 | +€29,866 | +6.0% |
| Equity | 10/15 | -€27,750 | €4,453 | +€32,202 | |
| Contributions | 10/11 | €25,050 | €25,050 | = | 0.0% |
| Reserves | 13 | €2,505 | €2,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Distributable reserves | 133 | €2,505 | €2,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,305 | -€23,102 | +€32,202 | +58.2% |
| Amounts payable | 17/49 | €528,331 | €525,995 | -€2,336 | -0.4% |
| Amounts payable after more than one year | 17 | €102,195 | €78,341 | -€23,853 | -23.3% |
| Financial debts | 170/4 | €102,195 | €78,341 | -€23,853 | -23.3% |
| Amounts payable within one year | 42/48 | €361,850 | €393,961 | +€32,111 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €26,639 | €34,201 | +€7,561 | +28.4% |
| Financial debts | 43 | €24,913 | €3,321 | -€21,592 | -86.7% |
| Credit institutions | 430/8 | €24,913 | €3,321 | -€21,592 | -86.7% |
| Trade debts | 44 | €132,647 | €121,596 | -€11,052 | -8.3% |
| Suppliers | 440/4 | €132,647 | €121,596 | -€11,052 | -8.3% |
| Taxes, remuneration and social security | 45 | €26,188 | €135,753 | +€109,565 | +418.4% |
| Taxes | 450/3 | €1,002 | €33,815 | +€32,813 | +3275.2% |
| Remuneration and social security | 454/9 | €25,186 | €101,938 | +€76,752 | +304.7% |
| Other amounts payable | 47/48 | €151,463 | €99,090 | -€52,373 | -34.6% |
| Accrued charges and deferred income | 492/3 | €64,286 | €53,693 | -€10,593 | -16.5% |
| Non-recurring operating income | 76A | €223,002 | €122,957 | -€100,045 | -44.9% |
| Remuneration, social security and pensions | 62 | €614,519 | €735,528 | +€121,009 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,345 | €26,629 | -€27,717 | -51.0% |
| Other operating charges | 640/8 | €2,723 | €3,677 | +€955 | +35.1% |
| Gross operating margin | 9900 | €692,488 | €804,162 | +€111,674 | +16.1% |
| Operating profit (loss) | 9901 | €20,900 | €38,328 | +€17,427 | +83.4% |
| Financial income | 75/76B | €426 | €2,121 | +€1,696 | +398.1% |
| Recurring financial income | 75 | €426 | €2,121 | +€1,696 | +398.1% |
| Financial charges | 65/66B | €14,660 | €7,821 | -€6,839 | -46.7% |
| Recurring financial charges | 65 | €14,660 | €7,821 | -€6,839 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €6,666 | €32,628 | +€25,962 | +389.5% |
| Income taxes | 67/77 | €412 | €426 | +€13 | +3.3% |
| Profit (loss) for the period | 9904 | €6,254 | €32,202 | +€25,949 | +414.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,254 | €32,202 | +€25,949 | +414.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.