VANDERWEGEN GUY: 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.
VANDERWEGEN GUY
Largest movements
- Receivables within one year +€7,187
up €7,187 (+17.5%), from €41,154 to €48,340
of which Other amounts receivable: +€14,624
- Tangible fixed assets -€4,019
down €4,019 (-8.9%), from €45,353 to €41,334
of which Plant, machinery and equipment: -€4,047
- Stocks and contracts -€2,396
down €2,396 (-24.9%), from €9,620 to €7,224
- Short-term financial debts +€36,000
up €36,000, from €0 to €36,000
- Debts after one year -€32,075
down €32,075 (-100.0%), from €32,075 to €0
- Trade debts +€10,021
up €10,021 (+141.3%), from €7,094 to €17,115
- Reserves -€10,000
down €10,000 (-15.9%), from €62,960 to €52,960
- Current portion of long-term debt -€4,055
down €4,055 (-66.1%), from €6,130 to €2,075
- Gross operating margin -€73,074
down €73,074 (-41.3%), from €177,147 to €104,073
- Write-downs -€10,690
down €10,690 (-100.0%), from €10,690 to €0
- Taxes -€9,817
down €9,817 (-98.1%), from €10,002 to €185
- Staff costs +€4,680
up €4,680 (+4.7%), from €98,564 to €103,244
- Financial charges -€2,698
down €2,698 (-57.5%), from €4,689 to €1,991
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 | €123,019 | €124,660 | +€1,641 | +1.3% |
| Fixed assets | 21/28 | €45,503 | €41,484 | -€4,019 | -8.8% |
| Tangible fixed assets | 22/27 | €45,353 | €41,334 | -€4,019 | -8.9% |
| Land and buildings | 22 | €1,856 | €1,438 | -€418 | -22.5% |
| Plant, machinery and equipment | 23 | €40,361 | €36,315 | -€4,047 | -10.0% |
| Furniture and vehicles | 24 | €3,135 | €3,582 | +€446 | +14.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €77,516 | €83,176 | +€5,660 | +7.3% |
| Stocks and contracts in progress | 3 | €9,620 | €7,224 | -€2,396 | -24.9% |
| Stocks | 30/36 | €9,620 | €7,224 | -€2,396 | -24.9% |
| Amounts receivable within one year | 40/41 | €41,154 | €48,340 | +€7,187 | +17.5% |
| Trade receivables | 40 | €36,783 | €29,346 | -€7,437 | -20.2% |
| Other amounts receivable | 41 | €4,371 | €18,995 | +€14,624 | +334.6% |
| Cash at bank and in hand | 54/58 | €24,024 | €24,899 | +€875 | +3.6% |
| Deferred charges and accrued income | 490/1 | €2,718 | €2,713 | -€6 | -0.2% |
| Total equity and liabilities | 10/49 | €123,019 | €124,660 | +€1,641 | +1.3% |
| Equity | 10/15 | €69,178 | €59,286 | -€9,892 | -14.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €62,960 | €52,960 | -€10,000 | -15.9% |
| Distributable reserves | 133 | €62,960 | €52,960 | -€10,000 | -15.9% |
| Profit (loss) carried forward | 14 | €21 | €129 | +€108 | +528.1% |
| Amounts payable | 17/49 | €53,841 | €65,374 | +€11,533 | +21.4% |
| Amounts payable after more than one year | 17 | €32,075 | €0 | -€32,075 | -100.0% |
| Financial debts | 170/4 | €32,075 | €0 | -€32,075 | -100.0% |
| Amounts payable within one year | 42/48 | €21,766 | €65,374 | +€43,608 | +200.3% |
| Current portion of amounts payable after more than one year | 42 | €6,130 | €2,075 | -€4,055 | -66.1% |
| Financial debts | 43 | €0 | €36,000 | +€36,000 | |
| Credit institutions | 430/8 | €0 | €36,000 | +€36,000 | |
| Trade debts | 44 | €7,094 | €17,115 | +€10,021 | +141.3% |
| Suppliers | 440/4 | €7,094 | €17,115 | +€10,021 | +141.3% |
| Taxes, remuneration and social security | 45 | €8,453 | €10,184 | +€1,731 | +20.5% |
| Taxes | 450/3 | €2,022 | €2,049 | +€27 | +1.3% |
| Remuneration and social security | 454/9 | €6,430 | €8,134 | +€1,704 | +26.5% |
| Other amounts payable | 47/48 | €90 | €0 | -€90 | -100.0% |
| Non-recurring operating income | 76A | €4,233 | €0 | -€4,233 | -100.0% |
| Remuneration, social security and pensions | 62 | €98,564 | €103,244 | +€4,680 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,389 | €7,496 | +€1,107 | +17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,690 | €0 | -€10,690 | -100.0% |
| Other operating charges | 640/8 | €1,045 | €1,243 | +€198 | +19.0% |
| Non-recurring operating charges | 66A | €6,854 | €0 | -€6,854 | -100.0% |
| Gross operating margin | 9900 | €177,147 | €104,073 | -€73,074 | -41.3% |
| Operating profit (loss) | 9901 | €53,605 | -€7,909 | -€61,515 | |
| Financial income | 75/76B | €158 | €193 | +€35 | +22.3% |
| Recurring financial income | 75 | €158 | €193 | +€35 | +22.3% |
| Financial charges | 65/66B | €4,689 | €1,991 | -€2,698 | -57.5% |
| Recurring financial charges | 65 | €4,689 | €1,991 | -€2,698 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €49,074 | -€9,707 | -€58,781 | |
| Income taxes | 67/77 | €10,002 | €185 | -€9,817 | -98.1% |
| Profit (loss) for the period | 9904 | €39,073 | -€9,892 | -€48,964 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,073 | -€9,892 | -€48,964 |
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 8 October 2026 via checked.be.