Vandries Holding: what changed
Vandries Holding
Largest movements
- Receivables within one year -€131,639
down €131,639 (-23.4%), from €563,517 to €431,878
of which Other amounts receivable: -€125,716
- Cash +€114,158
up €114,158 (+68.3%), from €167,185 to €281,343
mainly Other debts (+€220,595) and Receivables within one year (+€131,639)
- Current investments +€96,320
up €96,320 (+3.2%), from €3.0m to €3.1m
- Other debts +€220,595
up €220,595 (+2,432%), from €9,071 to €229,666
- Reserves -€173,743
down €173,743 (-3.1%), from €5.7m to €5.5m
- Financial income -€52,738
down €52,738 (-30.2%), from €174,378 to €121,641
of which Financial income: -€52,738
- Gross operating margin +€28,908
up €28,908 (+42.7%), from €67,654 to €96,563
- Staff costs +€12,173
up €12,173 (+19.6%), from €61,958 to €74,131
- Other operating charges -€2,904
down €2,904 (-66.7%), from €4,354 to €1,450
- Financial charges -€2,064
down €2,064 (-6.4%), from €32,104 to €30,040
of which Non-recurring financial charges: -€1,095
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,755,525 | €5,823,932 | +€68,407 | +1.2% |
| Fixed assets | 21/28 | €1,989,003 | €1,978,427 | -€10,575 | -0.5% |
| Tangible fixed assets | 22/27 | €34,739 | €24,163 | -€10,575 | -30.4% |
| Furniture and vehicles | 24 | €34,739 | €24,163 | -€10,575 | -30.4% |
| Financial fixed assets | 28 | €1,954,264 | €1,954,264 | = | 0.0% |
| Current assets | 29/58 | €3,766,522 | €3,845,504 | +€78,982 | +2.1% |
| Amounts receivable within one year | 40/41 | €563,517 | €431,878 | -€131,639 | -23.4% |
| Trade receivables | 40 | €15,730 | €9,807 | -€5,923 | -37.7% |
| Other amounts receivable | 41 | €547,787 | €422,071 | -€125,716 | -22.9% |
| Current investments | 50/53 | €3,035,196 | €3,131,516 | +€96,320 | +3.2% |
| Cash at bank and in hand | 54/58 | €167,185 | €281,343 | +€114,158 | +68.3% |
| Deferred charges and accrued income | 490/1 | €624 | €767 | +€143 | +22.9% |
| Total equity and liabilities | 10/49 | €5,755,525 | €5,823,932 | +€68,407 | +1.2% |
| Equity | 10/15 | €5,697,647 | €5,523,904 | -€173,743 | -3.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,687,647 | €5,513,904 | -€173,743 | -3.1% |
| Distributable reserves | 133 | €5,687,647 | €5,513,904 | -€173,743 | -3.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €57,878 | €300,028 | +€242,150 | +418% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €56,378 | €298,528 | +€242,150 | +430% |
| Trade debts | 44 | €24,874 | €220 | -€24,654 | -99.1% |
| Suppliers | 440/4 | €24,874 | €220 | -€24,654 | -99.1% |
| Taxes, remuneration and social security | 45 | €22,433 | €68,642 | +€46,209 | +206% |
| Taxes | 450/3 | €6,676 | €50,551 | +€43,875 | +657% |
| Remuneration and social security | 454/9 | €15,757 | €18,092 | +€2,335 | +14.8% |
| Other amounts payable | 47/48 | €9,071 | €229,666 | +€220,595 | +2,432% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €61,958 | €74,131 | +€12,173 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,575 | €10,575 | = | 0.0% |
| Other operating charges | 640/8 | €4,354 | €1,450 | -€2,904 | -66.7% |
| Gross operating margin | 9900 | €67,654 | €96,563 | +€28,908 | +42.7% |
| Operating profit (loss) | 9901 | -€9,233 | €10,406 | +€19,639 | |
| Financial income | 75/76B | €174,378 | €121,641 | -€52,738 | -30.2% |
| Recurring financial income | 75 | €174,378 | €121,641 | -€52,738 | -30.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €32,104 | €30,040 | -€2,064 | -6.4% |
| Recurring financial charges | 65 | €31,009 | €30,040 | -€969 | -3.1% |
| Non-recurring financial charges | 66B | €1,095 | €0 | -€1,095 | -100% |
| Profit (loss) for the period before taxes | 9903 | €133,042 | €102,007 | -€31,035 | -23.3% |
| Income taxes | 67/77 | €18,498 | €16,927 | -€1,572 | -8.5% |
| Profit (loss) for the period | 9904 | €114,544 | €85,080 | -€29,463 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,544 | €85,080 | -€29,463 | -25.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.