VANDUEREN C.: 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.
VANDUEREN C.
Largest movements
- Cash +€84,952
up €84,952 (+185%), from €46,015 to €130,968
mainly Net result for the year (+€144,079) and Provisions (+€13,770)
- Deferred charges and accrued income +€32,102
up €32,102 (+42.6%), from €75,384 to €107,486
- Receivables within one year +€15,857
up €15,857 (+581%), from €2,731 to €18,589
of which Other amounts receivable: +€16,297
- Current investments +€15,000
new in 2025: €15,000
- Profit (loss) carried forward +€144,079
up €144,079 (+148%), from €97,376 to €241,454
- Provisions +€13,770
up €13,770 (+85.7%), from €16,064 to €29,833
- Tax, wage and social debts -€8,925
no longer reported in 2025 (was €8,925)
- Gross operating margin +€109,927
up €109,927 (+95.3%), from €115,390 to €225,316
- Taxes +€28,900
up €28,900 (+156%), from €18,525 to €47,425
- Provisions +€17,697
up €17,697, from -€3,928 to €13,770
- Financial charges -€7,058
down €7,058 (-27.4%), from €25,744 to €18,686
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 | €125,367 | €274,287 | +€148,920 | +119% |
| Fixed assets | 21/28 | €1,237 | €2,246 | +€1,009 | +81.6% |
| Tangible fixed assets | 22/27 | €1,237 | €2,246 | +€1,009 | +81.6% |
| Furniture and vehicles | 24 | €1,237 | €2,246 | +€1,009 | +81.6% |
| Current assets | 29/58 | €124,130 | €272,042 | +€147,911 | +119% |
| Amounts receivable within one year | 40/41 | €2,731 | €18,589 | +€15,857 | +581% |
| Trade receivables | 40 | €610 | €171 | -€439 | -72.0% |
| Other amounts receivable | 41 | €2,121 | €18,418 | +€16,297 | +768% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €46,015 | €130,968 | +€84,952 | +185% |
| Deferred charges and accrued income | 490/1 | €75,384 | €107,486 | +€32,102 | +42.6% |
| Total equity and liabilities | 10/49 | €125,367 | €274,287 | +€148,920 | +119% |
| Equity | 10/15 | €100,376 | €244,454 | +€144,079 | +144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,376 | €241,454 | +€144,079 | +148% |
| Provisions and deferred taxes | 16 | €16,064 | €29,833 | +€13,770 | +85.7% |
| Provisions for liabilities and charges | 160/5 | €16,064 | €29,833 | +€13,770 | +85.7% |
| Other liabilities and charges | 164/5 | €16,064 | €29,833 | +€13,770 | +85.7% |
| Amounts payable | 17/49 | €8,928 | - | -€8,928 | |
| Amounts payable within one year | 42/48 | €8,928 | - | -€8,928 | |
| Trade debts | 44 | €3 | - | -€3 | |
| Suppliers | 440/4 | €3 | - | -€3 | |
| Taxes, remuneration and social security | 45 | €8,925 | - | -€8,925 | |
| Taxes | 450/3 | €8,925 | - | -€8,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €1,358 | +€280 | +26.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,928 | €13,770 | +€17,697 | |
| Gross operating margin | 9900 | €115,390 | €225,316 | +€109,927 | +95.3% |
| Operating profit (loss) | 9901 | €118,240 | €210,189 | +€91,949 | +77.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25,744 | €18,686 | -€7,058 | -27.4% |
| Recurring financial charges | 65 | €25,744 | €18,686 | -€7,058 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €92,496 | €191,503 | +€99,007 | +107% |
| Income taxes | 67/77 | €18,525 | €47,425 | +€28,900 | +156% |
| Profit (loss) for the period | 9904 | €73,971 | €144,079 | +€70,107 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,971 | €144,079 | +€70,107 | +94.8% |
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 30 October 2026 via checked.be.