VANDERWEGEN: what changed
VANDERWEGEN
Largest movements
- Tangible fixed assets +€37,896
up €37,896 (+583%), from €6,502 to €44,397
of which Furniture and vehicles: +€38,715
- Cash -€32,809
down €32,809 (-12.9%), from €255,006 to €222,197
mainly Contributions, distributions and other (-€78,488) and Investment in fixed assets (net) (-€43,885)
- Other debts +€77,602
up €77,602 (+434%), from €17,865 to €95,467
- Reserves -€41,322
down €41,322 (-24.6%), from €167,891 to €126,568
- Tax, wage and social debts -€22,802
no longer reported in 2025 (was €22,802)
- Trade debts -€5,844
down €5,844 (-63.3%), from €9,237 to €3,393
- Depreciation +€5,170
up €5,170 (+631%), from €819 to €5,989
- Financial income -€2,168
down €2,168 (-39.6%), from €5,469 to €3,301
- Gross operating margin -€1,988
down €1,988 (-3.1%), from €65,115 to €63,127
- Other operating charges -€960
down €960 (-25.9%), from €3,702 to €2,742
- Taxes +€758
up €758 (+3.9%), from €19,584 to €20,343
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,326 | €276,959 | +€7,633 | +2.8% |
| Fixed assets | 21/28 | €6,750 | €44,645 | +€37,896 | +561% |
| Tangible fixed assets | 22/27 | €6,502 | €44,397 | +€37,896 | +583% |
| Land and buildings | 22 | €6,502 | €5,682 | -€819 | -12.6% |
| Furniture and vehicles | 24 | - | €38,715 | +€38,715 | |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €262,576 | €232,314 | -€30,262 | -11.5% |
| Stocks and contracts in progress | 3 | €5,599 | €6,606 | +€1,007 | +18.0% |
| Stocks | 30/36 | €5,599 | €6,606 | +€1,007 | +18.0% |
| Amounts receivable within one year | 40/41 | €1,971 | €3,511 | +€1,540 | +78.1% |
| Trade receivables | 40 | €1,460 | €2,167 | +€707 | +48.5% |
| Other amounts receivable | 41 | €512 | €1,344 | +€833 | +163% |
| Cash at bank and in hand | 54/58 | €255,006 | €222,197 | -€32,809 | -12.9% |
| Total equity and liabilities | 10/49 | €269,326 | €276,959 | +€7,633 | +2.8% |
| Equity | 10/15 | €219,421 | €178,099 | -€41,322 | -18.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €167,891 | €126,568 | -€41,322 | -24.6% |
| Distributable reserves | 133 | €167,891 | €126,568 | -€41,322 | -24.6% |
| Profit (loss) carried forward | 14 | €32,938 | €32,938 | = | 0.0% |
| Amounts payable | 17/49 | €49,905 | €98,860 | +€48,956 | +98.1% |
| Amounts payable within one year | 42/48 | €49,905 | €98,860 | +€48,956 | +98.1% |
| Trade debts | 44 | €9,237 | €3,393 | -€5,844 | -63.3% |
| Suppliers | 440/4 | €9,237 | €3,393 | -€5,844 | -63.3% |
| Taxes, remuneration and social security | 45 | €22,802 | - | -€22,802 | |
| Taxes | 450/3 | €22,802 | - | -€22,802 | |
| Other amounts payable | 47/48 | €17,865 | €95,467 | +€77,602 | +434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €5,989 | +€5,170 | +631% |
| Other operating charges | 640/8 | €3,702 | €2,742 | -€960 | -25.9% |
| Gross operating margin | 9900 | €65,115 | €63,127 | -€1,988 | -3.1% |
| Operating profit (loss) | 9901 | €60,593 | €54,396 | -€6,198 | -10.2% |
| Financial income | 75/76B | €5,469 | €3,301 | -€2,168 | -39.6% |
| Recurring financial income | 75 | €5,469 | €3,301 | -€2,168 | -39.6% |
| Financial charges | 65/66B | €102 | €189 | +€86 | +84.5% |
| Recurring financial charges | 65 | €102 | €189 | +€86 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €65,960 | €57,508 | -€8,452 | -12.8% |
| Income taxes | 67/77 | €19,584 | €20,343 | +€758 | +3.9% |
| Profit (loss) for the period | 9904 | €46,376 | €37,166 | -€9,210 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,376 | €37,166 | -€9,210 | -19.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.