VANDRIES: 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.
VANDRIES
Largest movements
- Receivables within one year +€43,550
up €43,550 (+217.9%), from €19,985 to €63,534
- Other debts +€37,113
up €37,113 (+300.7%), from €12,341 to €49,454
- Tax, wage and social debts +€13,824
up €13,824 (+216.4%), from €6,387 to €20,211
- Profit (loss) carried forward -€11,544
new in 2025: -€11,544
- Trade debts +€4,312
up €4,312 (+233.8%), from €1,844 to €6,156
- Gross operating margin -€22,376
down €22,376, from €16,997 to -€5,379
- Taxes +€7,437
up €7,437 (+116.4%), from €6,387 to €13,824
- Other operating charges -€5,020
down €5,020 (-47.3%), from €10,610 to €5,590
- Financial income +€1,272
up €1,272 (+9.7%), from €13,059 to €14,331
- Financial charges -€199
down €199 (-16.7%), from €1,192 to €993
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 | €383,692 | €427,267 | +€43,575 | +11.4% |
| Fixed assets | 21/28 | €66,411 | €66,321 | -€89 | -0.1% |
| Tangible fixed assets | 22/27 | €66,411 | €66,321 | -€89 | -0.1% |
| Land and buildings | 22 | €66,411 | €66,321 | -€89 | -0.1% |
| Current assets | 29/58 | €317,281 | €360,946 | +€43,665 | +13.8% |
| Amounts receivable after more than one year | 29 | €295,000 | €295,000 | = | 0.0% |
| Other amounts receivable | 291 | €295,000 | €295,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,985 | €63,534 | +€43,550 | +217.9% |
| Other amounts receivable | 41 | €19,985 | €63,534 | +€43,550 | +217.9% |
| Cash at bank and in hand | 54/58 | €0 | €95 | +€95 | |
| Deferred charges and accrued income | 490/1 | €2,297 | €2,316 | +€20 | +0.9% |
| Total equity and liabilities | 10/49 | €383,692 | €427,267 | +€43,575 | +11.4% |
| Equity | 10/15 | €362,991 | €351,447 | -€11,544 | -3.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €301,491 | €301,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,781 | €25,781 | = | 0.0% |
| Legal reserve | 130 | €25,781 | €25,781 | = | 0.0% |
| Distributable reserves | 133 | €275,710 | €275,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,544 | -€11,544 | |
| Amounts payable | 17/49 | €20,701 | €75,821 | +€55,119 | +266.3% |
| Amounts payable within one year | 42/48 | €20,701 | €75,821 | +€55,119 | +266.3% |
| Financial debts | 43 | €129 | €0 | -€129 | -100.0% |
| Credit institutions | 430/8 | €129 | €0 | -€129 | -100.0% |
| Trade debts | 44 | €1,844 | €6,156 | +€4,312 | +233.8% |
| Suppliers | 440/4 | €1,844 | €6,156 | +€4,312 | +233.8% |
| Taxes, remuneration and social security | 45 | €6,387 | €20,211 | +€13,824 | +216.4% |
| Taxes | 450/3 | €6,387 | €20,211 | +€13,824 | +216.4% |
| Other amounts payable | 47/48 | €12,341 | €49,454 | +€37,113 | +300.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89 | €89 | = | 0.0% |
| Other operating charges | 640/8 | €10,610 | €5,590 | -€5,020 | -47.3% |
| Gross operating margin | 9900 | €16,997 | -€5,379 | -€22,376 | |
| Operating profit (loss) | 9901 | €6,298 | -€11,059 | -€17,356 | |
| Financial income | 75/76B | €13,059 | €14,331 | +€1,272 | +9.7% |
| Recurring financial income | 75 | €13,059 | €14,331 | +€1,272 | +9.7% |
| Financial charges | 65/66B | €1,192 | €993 | -€199 | -16.7% |
| Recurring financial charges | 65 | €1,192 | €993 | -€199 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €18,165 | €2,279 | -€15,885 | -87.5% |
| Income taxes | 67/77 | €6,387 | €13,824 | +€7,437 | +116.4% |
| Profit (loss) for the period | 9904 | €11,778 | -€11,544 | -€23,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,778 | -€11,544 | -€23,322 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.