VdG Tenbosch: 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.
VdG Tenbosch
Largest movements
- Tangible fixed assets -€84,670
down €84,670 (-4.6%), from €1.9m to €1.8m
- Profit (loss) carried forward -€49,524
down €49,524 (-6.6%), from -€753,462 to -€802,986
- Debts after one year -€40,135
down €40,135 (-6.7%), from €601,935 to €561,800
of which Financial debts: -€40,135
- Depreciation +€9,903
up €9,903 (+13.2%), from €74,767 to €84,670
- Other operating charges +€9,102
up €9,102 (+863%), from €1,055 to €10,157
- Gross operating margin +€1,494
up €1,494 (+2.8%), from €53,682 to €55,177
- Financial charges -€670
down €670 (-6.3%), from €10,593 to €9,922
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,895,393 | €1,804,111 | -€91,282 | -4.8% |
| Fixed assets | 21/28 | €1,857,547 | €1,772,877 | -€84,670 | -4.6% |
| Tangible fixed assets | 22/27 | €1,857,547 | €1,772,877 | -€84,670 | -4.6% |
| Land and buildings | 22 | €1,857,547 | €1,772,877 | -€84,670 | -4.6% |
| Current assets | 29/58 | €37,847 | €31,234 | -€6,613 | -17.5% |
| Amounts receivable within one year | 40/41 | €6,218 | €7,480 | +€1,262 | +20.3% |
| Trade receivables | 40 | €6,218 | €6,592 | +€374 | +6.0% |
| Other amounts receivable | 41 | - | €888 | +€888 | |
| Cash at bank and in hand | 54/58 | €31,372 | €23,427 | -€7,945 | -25.3% |
| Deferred charges and accrued income | 490/1 | €257 | €327 | +€70 | +27.4% |
| Total equity and liabilities | 10/49 | €1,895,393 | €1,804,111 | -€91,282 | -4.8% |
| Equity | 10/15 | €996,090 | €946,566 | -€49,524 | -5.0% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Revaluation surpluses | 12 | €835,493 | €835,493 | = | 0.0% |
| Reserves | 13 | €14,059 | €14,059 | = | 0.0% |
| Distributable reserves | 133 | €14,059 | €14,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€753,462 | -€802,986 | -€49,524 | -6.6% |
| Amounts payable | 17/49 | €899,303 | €857,546 | -€41,758 | -4.6% |
| Amounts payable after more than one year | 17 | €601,935 | €561,800 | -€40,135 | -6.7% |
| Financial debts | 170/4 | €591,935 | €551,800 | -€40,135 | -6.8% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €297,369 | €295,000 | -€2,369 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €39,389 | €39,389 | = | 0.0% |
| Trade debts | 44 | €3,015 | €14,646 | +€11,631 | +386% |
| Suppliers | 440/4 | €3,015 | €14,646 | +€11,631 | +386% |
| Other amounts payable | 47/48 | €254,965 | €240,965 | -€14,000 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €746 | +€746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,767 | €84,670 | +€9,903 | +13.2% |
| Other operating charges | 640/8 | €1,055 | €10,157 | +€9,102 | +863% |
| Gross operating margin | 9900 | €53,682 | €55,177 | +€1,494 | +2.8% |
| Operating profit (loss) | 9901 | -€22,140 | -€39,650 | -€17,510 | -79.1% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €10,593 | €9,922 | -€670 | -6.3% |
| Recurring financial charges | 65 | €10,593 | €9,922 | -€670 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,732 | -€49,524 | -€16,792 | -51.3% |
| Profit (loss) for the period | 9904 | -€32,732 | -€49,524 | -€16,792 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,732 | -€49,524 | -€16,792 | -51.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.