VANDIB: 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.
VANDIB
Largest movements
- Tangible fixed assets -€19,564
down €19,564 (-4.8%), from €409,087 to €389,523
of which Land and buildings: -€19,001
- Other debts -€10,805
down €10,805 (-74.5%), from €14,498 to €3,694
- Profit (loss) carried forward -€5,413
down €5,413 (-8.6%), from -€62,929 to -€68,342
- Gross operating margin -€28,072
down €28,072 (-69.7%), from €40,267 to €12,196
- Depreciation +€2,771
up €2,771 (+16.5%), from €16,794 to €19,564
- Other operating charges -€1,954
down €1,954 (-38.9%), from €5,027 to €3,073
- Taxes -€633
no longer reported in 2025 (was €633)
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 | €518,821 | €496,606 | -€22,215 | -4.3% |
| Fixed assets | 21/28 | €409,153 | €389,589 | -€19,564 | -4.8% |
| Tangible fixed assets | 22/27 | €409,087 | €389,523 | -€19,564 | -4.8% |
| Land and buildings | 22 | €406,597 | €387,596 | -€19,001 | -4.7% |
| Furniture and vehicles | 24 | €2,490 | €1,927 | -€564 | -22.6% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €109,668 | €107,017 | -€2,650 | -2.4% |
| Amounts receivable within one year | 40/41 | €40,004 | €39,945 | -€59 | -0.1% |
| Other amounts receivable | 41 | €40,004 | €39,945 | -€59 | -0.1% |
| Cash at bank and in hand | 54/58 | €69,663 | €67,072 | -€2,591 | -3.7% |
| Total equity and liabilities | 10/49 | €518,821 | €496,606 | -€22,215 | -4.3% |
| Equity | 10/15 | €478,438 | €469,259 | -€9,179 | -1.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €479,393 | €475,627 | -€3,766 | -0.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,240 | €67,474 | -€3,766 | -5.3% |
| Distributable reserves | 133 | €401,956 | €401,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,929 | -€68,342 | -€5,413 | -8.6% |
| Provisions and deferred taxes | 16 | €23,747 | €22,491 | -€1,255 | -5.3% |
| Deferred taxes | 168 | €23,747 | €22,491 | -€1,255 | -5.3% |
| Amounts payable | 17/49 | €16,636 | €4,856 | -€11,781 | -70.8% |
| Amounts payable within one year | 42/48 | €16,636 | €4,856 | -€11,781 | -70.8% |
| Trade debts | 44 | €1,881 | €1,162 | -€719 | -38.2% |
| Suppliers | 440/4 | €1,881 | €1,162 | -€719 | -38.2% |
| Taxes, remuneration and social security | 45 | €257 | - | -€257 | |
| Taxes | 450/3 | €257 | - | -€257 | |
| Other amounts payable | 47/48 | €14,498 | €3,694 | -€10,805 | -74.5% |
| Non-recurring operating income | 76A | - | €6,800 | +€6,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,794 | €19,564 | +€2,771 | +16.5% |
| Other operating charges | 640/8 | €5,027 | €3,073 | -€1,954 | -38.9% |
| Gross operating margin | 9900 | €40,267 | €12,196 | -€28,072 | -69.7% |
| Operating profit (loss) | 9901 | €18,447 | -€10,441 | -€28,888 | |
| Financial income | 75/76B | €1 | €71 | +€70 | +7029.0% |
| Recurring financial income | 75 | €1 | €71 | +€70 | +7029.0% |
| Financial charges | 65/66B | €87 | €64 | -€23 | -26.5% |
| Recurring financial charges | 65 | €87 | €64 | -€23 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €18,361 | -€10,434 | -€28,795 | |
| Transfer from deferred taxes | 780 | €1,255 | €1,255 | = | 0.0% |
| Income taxes | 67/77 | €633 | - | -€633 | |
| Profit (loss) for the period | 9904 | €18,983 | -€9,179 | -€28,162 | |
| Transfer from tax-exempt reserves | 789 | €3,766 | €3,766 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,749 | -€5,413 | -€28,162 |
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 9 October 2026 via checked.be.