VANDERWAEREN CONSULTANCY: 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 CONSULTANCY
Largest movements
- Receivables within one year -€21,590
down €21,590 (-58.9%), from €36,644 to €15,054
of which Trade receivables: -€21,590
- Tangible fixed assets -€9,536
down €9,536 (-11.7%), from €81,483 to €71,947
of which Plant, machinery and equipment: -€6,445
- Intangible fixed assets +€4,240
up €4,240, from €0 to €4,240
- Cash -€3,249
down €3,249 (-74.1%), from €4,384 to €1,135
mainly Net result for the year (-€28,537) and Investment in fixed assets (net) (-€16,573)
- Deferred charges and accrued income -€1,645
down €1,645 (-31.8%), from €5,181 to €3,536
- Profit (loss) carried forward -€28,537
down €28,537 (-54.8%), from €52,075 to €23,537
- Other debts +€11,665
up €11,665 (+2,959%), from €394 to €12,059
- Short-term financial debts -€5,532
down €5,532 (-23.6%), from €23,435 to €17,903
- Trade debts -€4,007
down €4,007 (-100%), from €4,007 to €0
- Current portion of long-term debt -€3,647
down €3,647 (-47.9%), from €7,613 to €3,967
- Gross operating margin -€88,174
down €88,174, from €86,703 to -€1,471
- Staff costs -€54,319
down €54,319 (-100%), from €54,319 to €0
- Depreciation -€8,161
down €8,161 (-27.2%), from €30,030 to €21,868
- Other operating charges -€1,758
down €1,758 (-37.0%), from €4,746 to €2,988
- Taxes -€1,297
down €1,297 (-87.2%), from €1,488 to €191
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 | €128,313 | €96,533 | -€31,780 | -24.8% |
| Fixed assets | 21/28 | €82,103 | €76,808 | -€5,295 | -6.4% |
| Intangible fixed assets | 21 | €0 | €4,240 | +€4,240 | |
| Tangible fixed assets | 22/27 | €81,483 | €71,947 | -€9,536 | -11.7% |
| Plant, machinery and equipment | 23 | €43,992 | €37,547 | -€6,445 | -14.7% |
| Furniture and vehicles | 24 | €17,441 | €17,651 | +€210 | +1.2% |
| Other tangible fixed assets | 26 | €20,050 | €16,750 | -€3,301 | -16.5% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €46,209 | €19,725 | -€26,484 | -57.3% |
| Amounts receivable within one year | 40/41 | €36,644 | €15,054 | -€21,590 | -58.9% |
| Trade receivables | 40 | €36,644 | €15,054 | -€21,590 | -58.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,384 | €1,135 | -€3,249 | -74.1% |
| Deferred charges and accrued income | 490/1 | €5,181 | €3,536 | -€1,645 | -31.8% |
| Total equity and liabilities | 10/49 | €128,313 | €96,533 | -€31,780 | -24.8% |
| Equity | 10/15 | €72,535 | €43,997 | -€28,537 | -39.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,075 | €23,537 | -€28,537 | -54.8% |
| Amounts payable | 17/49 | €55,778 | €52,535 | -€3,242 | -5.8% |
| Amounts payable after more than one year | 17 | €11,070 | €12,618 | +€1,548 | +14.0% |
| Financial debts | 170/4 | €11,070 | €12,618 | +€1,548 | +14.0% |
| Amounts payable within one year | 42/48 | €44,707 | €39,918 | -€4,790 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €7,613 | €3,967 | -€3,647 | -47.9% |
| Financial debts | 43 | €23,435 | €17,903 | -€5,532 | -23.6% |
| Credit institutions | 430/8 | €23,435 | €17,903 | -€5,532 | -23.6% |
| Trade debts | 44 | €4,007 | €0 | -€4,007 | -100% |
| Suppliers | 440/4 | €4,007 | €0 | -€4,007 | -100% |
| Taxes, remuneration and social security | 45 | €9,258 | €5,989 | -€3,269 | -35.3% |
| Taxes | 450/3 | €9,258 | €5,989 | -€3,269 | -35.3% |
| Other amounts payable | 47/48 | €394 | €12,059 | +€11,665 | +2,959% |
| Non-recurring operating income | 76A | €156 | €0 | -€156 | -100% |
| Remuneration, social security and pensions | 62 | €54,319 | €0 | -€54,319 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,030 | €21,868 | -€8,161 | -27.2% |
| Other operating charges | 640/8 | €4,746 | €2,988 | -€1,758 | -37.0% |
| Non-recurring operating charges | 66A | €1,327 | €0 | -€1,327 | -100% |
| Gross operating margin | 9900 | €86,703 | -€1,471 | -€88,174 | |
| Operating profit (loss) | 9901 | -€3,719 | -€26,327 | -€22,608 | -608% |
| Financial income | 75/76B | €28 | €929 | +€901 | +3,257% |
| Recurring financial income | 75 | €28 | €929 | +€901 | +3,257% |
| Financial charges | 65/66B | €2,915 | €2,949 | +€34 | +1.2% |
| Recurring financial charges | 65 | €2,915 | €2,949 | +€34 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,606 | -€28,347 | -€21,741 | -329% |
| Income taxes | 67/77 | €1,488 | €191 | -€1,297 | -87.2% |
| Profit (loss) for the period | 9904 | -€8,094 | -€28,537 | -€20,444 | -253% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,094 | -€28,537 | -€20,444 | -253% |
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 19 October 2026 via checked.be.