Vandesande Creative Solutions: 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.
Vandesande Creative Solutions
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€139,660
down €139,660 (-90.2%), from €154,886 to €15,226
mainly Current investments (-€200,000) and Tax, wage and social debts (-€11,003)
- Receivables within one year -€35,565
down €35,565 (-59.4%), from €59,909 to €24,344
of which Trade receivables: -€35,909
- Tangible fixed assets -€10,598
down €10,598 (-26.6%), from €39,788 to €29,190
of which Furniture and vehicles: -€8,462
- Profit (loss) carried forward +€25,619
up €25,619 (+1,321%), from €1,939 to €27,559
- Tax, wage and social debts -€11,003
no longer reported in 2025 (was €11,003)
- Debts after one year -€7,450
down €7,450 (-83.8%), from €8,895 to €1,445
- Trade debts +€3,654
new in 2025: €3,654
- Current portion of long-term debt +€3,022
up €3,022 (+22.7%), from €13,332 to €16,354
- Gross operating margin -€49,733
down €49,733 (-47.7%), from €104,249 to €54,515
- Taxes -€10,154
down €10,154 (-40.4%), from €25,154 to €15,000
- Financial income -€3,576
down €3,576 (-64.6%), from €5,533 to €1,956
- Financial charges -€2,249
down €2,249 (-75.4%), from €2,983 to €734
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 | €254,584 | €268,760 | +€14,176 | +5.6% |
| Fixed assets | 21/28 | €39,788 | €29,190 | -€10,598 | -26.6% |
| Tangible fixed assets | 22/27 | €39,788 | €29,190 | -€10,598 | -26.6% |
| Land and buildings | 22 | €17,140 | €15,004 | -€2,137 | -12.5% |
| Furniture and vehicles | 24 | €22,648 | €14,186 | -€8,462 | -37.4% |
| Current assets | 29/58 | €214,795 | €239,570 | +€24,775 | +11.5% |
| Amounts receivable within one year | 40/41 | €59,909 | €24,344 | -€35,565 | -59.4% |
| Trade receivables | 40 | €35,909 | - | -€35,909 | |
| Other amounts receivable | 41 | €24,000 | €24,344 | +€344 | +1.4% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €154,886 | €15,226 | -€139,660 | -90.2% |
| Total equity and liabilities | 10/49 | €254,584 | €268,760 | +€14,176 | +5.6% |
| Equity | 10/15 | €217,939 | €243,559 | +€25,619 | +11.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €210,000 | €210,000 | = | 0.0% |
| Distributable reserves | 133 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,939 | €27,559 | +€25,619 | +1,321% |
| Amounts payable | 17/49 | €36,644 | €25,201 | -€11,443 | -31.2% |
| Amounts payable after more than one year | 17 | €8,895 | €1,445 | -€7,450 | -83.8% |
| Financial debts | 170/4 | €8,895 | €1,445 | -€7,450 | -83.8% |
| Amounts payable within one year | 42/48 | €27,749 | €23,757 | -€3,993 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €13,332 | €16,354 | +€3,022 | +22.7% |
| Trade debts | 44 | - | €3,654 | +€3,654 | |
| Suppliers | 440/4 | - | €3,654 | +€3,654 | |
| Taxes, remuneration and social security | 45 | €11,003 | - | -€11,003 | |
| Taxes | 450/3 | €11,003 | - | -€11,003 | |
| Other amounts payable | 47/48 | €3,414 | €3,749 | +€335 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,461 | €13,779 | +€318 | +2.4% |
| Other operating charges | 640/8 | €1,367 | €1,339 | -€28 | -2.0% |
| Gross operating margin | 9900 | €104,249 | €54,515 | -€49,733 | -47.7% |
| Operating profit (loss) | 9901 | €89,421 | €39,397 | -€50,024 | -55.9% |
| Financial income | 75/76B | €5,533 | €1,956 | -€3,576 | -64.6% |
| Recurring financial income | 75 | €5,533 | €1,956 | -€3,576 | -64.6% |
| Financial charges | 65/66B | €2,983 | €734 | -€2,249 | -75.4% |
| Recurring financial charges | 65 | €2,983 | €734 | -€2,249 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €91,971 | €40,619 | -€51,351 | -55.8% |
| Income taxes | 67/77 | €25,154 | €15,000 | -€10,154 | -40.4% |
| Profit (loss) for the period | 9904 | €66,817 | €25,619 | -€41,197 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,817 | €25,619 | -€41,197 | -61.7% |
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 28 October 2026 via checked.be.