VANDIE: 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.
VANDIE
Largest movements
- Cash +€21,608
up €21,608 (+11.8%), from €182,904 to €204,512
mainly Net result for the year (+€12,582) and Depreciation (+€7,770)
- Tangible fixed assets -€7,770
down €7,770 (-4.4%), from €177,512 to €169,743
of which Land and buildings: -€5,270
- Reserves +€10,916
up €10,916 (+3.4%), from €325,592 to €336,508
of which Distributable reserves: +€10,916
- Depreciation -€1,376
down €1,376 (-15.0%), from €9,146 to €7,770
- Gross operating margin +€1,312
up €1,312 (+4.6%), from €28,519 to €29,831
- Taxes +€920
up €920 (+15.6%), from €5,898 to €6,818
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 | €364,898 | €376,653 | +€11,755 | +3.2% |
| Fixed assets | 21/28 | €177,512 | €169,743 | -€7,770 | -4.4% |
| Tangible fixed assets | 22/27 | €177,512 | €169,743 | -€7,770 | -4.4% |
| Land and buildings | 22 | €172,526 | €167,256 | -€5,270 | -3.1% |
| Furniture and vehicles | 24 | €4,986 | €2,486 | -€2,500 | -50.1% |
| Current assets | 29/58 | €187,386 | €206,910 | +€19,524 | +10.4% |
| Amounts receivable within one year | 40/41 | €2,210 | - | -€2,210 | |
| Other amounts receivable | 41 | €2,210 | - | -€2,210 | |
| Cash at bank and in hand | 54/58 | €182,904 | €204,512 | +€21,608 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,272 | €2,398 | +€126 | +5.6% |
| Total equity and liabilities | 10/49 | €364,898 | €376,653 | +€11,755 | +3.2% |
| Equity | 10/15 | €344,142 | €355,058 | +€10,916 | +3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €325,592 | €336,508 | +€10,916 | +3.4% |
| Tax-exempt reserves | 132 | €316 | €316 | = | 0.0% |
| Distributable reserves | 133 | €325,276 | €336,192 | +€10,916 | +3.4% |
| Amounts payable | 17/49 | €20,756 | €21,595 | +€839 | +4.0% |
| Amounts payable within one year | 42/48 | €20,093 | €20,731 | +€638 | +3.2% |
| Trade debts | 44 | €2,314 | - | -€2,314 | |
| Suppliers | 440/4 | €2,314 | - | -€2,314 | |
| Taxes, remuneration and social security | 45 | €3,697 | €6,567 | +€2,870 | +77.6% |
| Taxes | 450/3 | €3,697 | €6,567 | +€2,870 | +77.6% |
| Other amounts payable | 47/48 | €14,081 | €14,164 | +€83 | +0.6% |
| Accrued charges and deferred income | 492/3 | €663 | €863 | +€200 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,146 | €7,770 | -€1,376 | -15.0% |
| Other operating charges | 640/8 | €2,855 | €2,928 | +€73 | +2.5% |
| Gross operating margin | 9900 | €28,519 | €29,831 | +€1,312 | +4.6% |
| Operating profit (loss) | 9901 | €16,518 | €19,134 | +€2,616 | +15.8% |
| Financial income | 75/76B | €1,024 | €1,175 | +€150 | +14.7% |
| Recurring financial income | 75 | €1,024 | €1,175 | +€150 | +14.7% |
| Financial charges | 65/66B | €829 | €908 | +€79 | +9.5% |
| Recurring financial charges | 65 | €829 | €908 | +€79 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €16,713 | €19,400 | +€2,687 | +16.1% |
| Income taxes | 67/77 | €5,898 | €6,818 | +€920 | +15.6% |
| Profit (loss) for the period | 9904 | €10,815 | €12,582 | +€1,767 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,815 | €12,582 | +€1,767 | +16.3% |
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 7 October 2026 via checked.be.