VTVanderborght: 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.
VTVanderborght
Largest movements
- Cash +€20,298
up €20,298 (+81.7%), from €24,836 to €45,135
mainly Net result for the year (+€35,969) and Deferred charges and accrued income (+€4,696)
- Deferred charges and accrued income -€4,696
no longer reported in 2025 (was €4,696)
- Receivables within one year -€2,594
down €2,594 (-20.2%), from €12,868 to €10,274
of which Trade receivables: -€8,403
- Profit (loss) carried forward +€35,969
up €35,969 (+112.1%), from €32,073 to €68,043
- Debts after one year -€16,737
down €16,737 (-16.7%), from €99,933 to €83,196
- Other debts -€5,047
down €5,047 (-16.8%), from €30,047 to €25,000
- Gross operating margin +€2,395
up €2,395 (+4.6%), from €52,411 to €54,806
- Taxes +€2,053
up €2,053 (+18.3%), from €11,197 to €13,250
- Financial charges +€859
up €859 (+21.3%), from €4,035 to €4,894
- Other operating charges +€760
up €760 (+720.0%), from €106 to €865
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 | €192,401 | €205,409 | +€13,008 | +6.8% |
| Fixed assets | 21/28 | €150,000 | €150,000 | = | 0.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €42,401 | €55,409 | +€13,008 | +30.7% |
| Amounts receivable within one year | 40/41 | €12,868 | €10,274 | -€2,594 | -20.2% |
| Trade receivables | 40 | €12,868 | €4,465 | -€8,403 | -65.3% |
| Other amounts receivable | 41 | - | €5,809 | +€5,809 | |
| Cash at bank and in hand | 54/58 | €24,836 | €45,135 | +€20,298 | +81.7% |
| Deferred charges and accrued income | 490/1 | €4,696 | - | -€4,696 | |
| Total equity and liabilities | 10/49 | €192,401 | €205,409 | +€13,008 | +6.8% |
| Equity | 10/15 | €34,573 | €70,543 | +€35,969 | +104.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €32,073 | €68,043 | +€35,969 | +112.1% |
| Amounts payable | 17/49 | €157,828 | €134,866 | -€22,961 | -14.5% |
| Amounts payable after more than one year | 17 | €99,933 | €83,196 | -€16,737 | -16.7% |
| Financial debts | 170/4 | €99,933 | €83,196 | -€16,737 | -16.7% |
| Amounts payable within one year | 42/48 | €57,895 | €51,671 | -€6,224 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €16,031 | €16,737 | +€706 | +4.4% |
| Trade debts | 44 | €471 | - | -€471 | |
| Suppliers | 440/4 | €471 | - | -€471 | |
| Taxes, remuneration and social security | 45 | €11,346 | €9,934 | -€1,413 | -12.4% |
| Taxes | 450/3 | €11,346 | €9,934 | -€1,413 | -12.4% |
| Other amounts payable | 47/48 | €30,047 | €25,000 | -€5,047 | -16.8% |
| Other operating charges | 640/8 | €106 | €865 | +€760 | +720.0% |
| Gross operating margin | 9900 | €52,411 | €54,806 | +€2,395 | +4.6% |
| Operating profit (loss) | 9901 | €52,305 | €53,941 | +€1,636 | +3.1% |
| Financial income | 75/76B | - | €172 | +€172 | |
| Recurring financial income | 75 | - | €172 | +€172 | |
| Financial charges | 65/66B | €4,035 | €4,894 | +€859 | +21.3% |
| Recurring financial charges | 65 | €4,035 | €4,894 | +€859 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €48,271 | €49,219 | +€949 | +2.0% |
| Income taxes | 67/77 | €11,197 | €13,250 | +€2,053 | +18.3% |
| Profit (loss) for the period | 9904 | €37,073 | €35,969 | -€1,104 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,073 | €35,969 | -€1,104 | -3.0% |
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 5 October 2026 via checked.be.