VANDERWEYDEN & PARTNERS: 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.
VANDERWEYDEN & PARTNERS
Largest movements
- Receivables within one year -€29,433
down €29,433 (-22.5%), from €130,749 to €101,316
of which Trade receivables: -€24,780
- Tangible fixed assets +€7,817
up €7,817 (+670%), from €1,167 to €8,984
of which Plant, machinery and equipment: +€8,260
- Cash -€6,171
down €6,171 (-43.2%), from €14,270 to €8,099
mainly Other debts (-€40,473) and Investment in fixed assets (net) (-€9,000)
- Other debts -€40,473
down €40,473 (-55.0%), from €73,632 to €33,160
- Advances received +€12,100
new in 2025: €12,100
- Tax, wage and social debts -€6,659
down €6,659 (-63.8%), from €10,431 to €3,773
- Current portion of long-term debt +€4,488
new in 2025: €4,488
- Debts after one year +€2,682
new in 2025: €2,682
- Gross operating margin -€11,371
down €11,371 (-59.8%), from €18,999 to €7,628
- Financial income -€4,489
down €4,489 (-100%), from €4,489 to €0
- Financial charges +€3,836
up €3,836 (+1,801%), from €213 to €4,049
- Taxes +€1,417
new in 2025: €1,417
- Depreciation -€432
down €432 (-26.7%), from €1,615 to €1,183
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 | €146,797 | €119,729 | -€27,068 | -18.4% |
| Fixed assets | 21/28 | €1,167 | €8,984 | +€7,817 | +670% |
| Tangible fixed assets | 22/27 | €1,167 | €8,984 | +€7,817 | +670% |
| Plant, machinery and equipment | 23 | €593 | €8,853 | +€8,260 | +1,393% |
| Furniture and vehicles | 24 | €574 | €131 | -€443 | -77.2% |
| Current assets | 29/58 | €145,630 | €110,745 | -€34,885 | -24.0% |
| Amounts receivable within one year | 40/41 | €130,749 | €101,316 | -€29,433 | -22.5% |
| Trade receivables | 40 | €24,780 | €0 | -€24,780 | -100% |
| Other amounts receivable | 41 | €105,969 | €101,316 | -€4,653 | -4.4% |
| Cash at bank and in hand | 54/58 | €14,270 | €8,099 | -€6,171 | -43.2% |
| Deferred charges and accrued income | 490/1 | €611 | €1,330 | +€719 | +118% |
| Total equity and liabilities | 10/49 | €146,797 | €119,729 | -€27,068 | -18.4% |
| Equity | 10/15 | €62,437 | €62,878 | +€440 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,630 | €56,678 | +€48 | +0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €54,770 | €56,678 | +€1,908 | +3.5% |
| Profit (loss) carried forward | 14 | -€393 | €0 | +€393 | |
| Amounts payable | 17/49 | €84,360 | €56,851 | -€27,509 | -32.6% |
| Amounts payable after more than one year | 17 | - | €2,682 | +€2,682 | |
| Financial debts | 170/4 | - | €2,682 | +€2,682 | |
| Amounts payable within one year | 42/48 | €84,360 | €54,169 | -€30,191 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,488 | +€4,488 | |
| Trade debts | 44 | €296 | €649 | +€353 | +119% |
| Suppliers | 440/4 | €296 | €649 | +€353 | +119% |
| Advances received on contracts in progress | 46 | - | €12,100 | +€12,100 | |
| Taxes, remuneration and social security | 45 | €10,431 | €3,773 | -€6,659 | -63.8% |
| Taxes | 450/3 | €10,431 | €3,773 | -€6,659 | -63.8% |
| Other amounts payable | 47/48 | €73,632 | €33,160 | -€40,473 | -55.0% |
| Remuneration, social security and pensions | 62 | €237 | €0 | -€237 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615 | €1,183 | -€432 | -26.7% |
| Other operating charges | 640/8 | €926 | €539 | -€387 | -41.8% |
| Non-recurring operating charges | 66A | €31,501 | €0 | -€31,501 | -100% |
| Gross operating margin | 9900 | €18,999 | €7,628 | -€11,371 | -59.8% |
| Operating profit (loss) | 9901 | -€15,280 | €5,906 | +€21,186 | |
| Financial income | 75/76B | €4,489 | €0 | -€4,489 | -100% |
| Recurring financial income | 75 | €4,489 | €0 | -€4,489 | -100% |
| Financial charges | 65/66B | €213 | €4,049 | +€3,836 | +1,801% |
| Recurring financial charges | 65 | €213 | €4,049 | +€3,836 | +1,801% |
| Profit (loss) for the period before taxes | 9903 | -€11,004 | €1,857 | +€12,861 | |
| Income taxes | 67/77 | - | €1,417 | +€1,417 | |
| Profit (loss) for the period | 9904 | -€11,004 | €440 | +€11,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,004 | €440 | +€11,444 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.