VANDERWAEREN: 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.
VANDERWAEREN
Largest movements
- Tangible fixed assets -€1,276
down €1,276 (-12.4%), from €10,261 to €8,985
- Cash -€562
down €562 (-94.2%), from €597 to €35
mainly Other debts (-€778) and Receivables within one year (-€451)
- Receivables within one year +€451
up €451 (+60.1%), from €751 to €1,203
of which Other amounts receivable: +€791
- Other debts -€778
down €778 (-100%), from €778 to €0
- Tax, wage and social debts -€308
down €308 (-100%), from €308 to €0
- Profit (loss) carried forward -€300
down €300 (-12.2%), from €2,462 to €2,162
- Gross operating margin +€6,716
up €6,716, from -€5,287 to €1,430
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 | €11,609 | €10,222 | -€1,386 | -11.9% |
| Fixed assets | 21/28 | €10,261 | €8,985 | -€1,276 | -12.4% |
| Tangible fixed assets | 22/27 | €10,261 | €8,985 | -€1,276 | -12.4% |
| Other tangible fixed assets | 26 | €10,261 | €8,985 | -€1,276 | -12.4% |
| Current assets | 29/58 | €1,348 | €1,237 | -€111 | -8.2% |
| Amounts receivable within one year | 40/41 | €751 | €1,203 | +€451 | +60.1% |
| Trade receivables | 40 | €751 | €411 | -€340 | -45.2% |
| Other amounts receivable | 41 | - | €791 | +€791 | |
| Cash at bank and in hand | 54/58 | €597 | €35 | -€562 | -94.2% |
| Total equity and liabilities | 10/49 | €11,609 | €10,222 | -€1,386 | -11.9% |
| Equity | 10/15 | €10,522 | €10,222 | -€300 | -2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,462 | €2,162 | -€300 | -12.2% |
| Amounts payable | 17/49 | €1,087 | €0 | -€1,087 | -100% |
| Amounts payable within one year | 42/48 | €1,087 | €0 | -€1,087 | -100% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €308 | €0 | -€308 | -100% |
| Taxes | 450/3 | €308 | €0 | -€308 | -100% |
| Other amounts payable | 47/48 | €778 | €0 | -€778 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,276 | €1,276 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€5,287 | €1,430 | +€6,716 | |
| Operating profit (loss) | 9901 | -€6,950 | -€246 | +€6,704 | +96.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €58 | €54 | -€4 | -6.9% |
| Recurring financial charges | 65 | €58 | €54 | -€4 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,008 | -€300 | +€6,708 | +95.7% |
| Profit (loss) for the period | 9904 | -€7,008 | -€300 | +€6,708 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,008 | -€300 | +€6,708 | +95.7% |
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 23 October 2026 via checked.be.