VANDERSCHOOT: 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.
What changed
VANDERSCHOOT
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,615
2024 · €12,333+€2,283
Equity
€270,496
2024 · €255,881+€14,615
Cash
€471
2024 · €95+€376
Balance sheet total
€517,191
2024 · €530,227-€13,036
Largest movements
Assets
- Tangible fixed assets -€16,397
down €16,397 (-3.1%), from €523,754 to €507,357
of which Land and buildings: -€16,136
Equity and liabilities
- Debts after one year -€29,465
down €29,465 (-24.6%), from €120,005 to €90,540
- Reserves +€14,615
up €14,615 (+6.2%), from €237,281 to €251,896
of which Distributable reserves: +€20,292
Income statement
- Gross operating margin +€7,240
up €7,240 (+14.3%), from €50,477 to €57,716
- Taxes +€4,215
up €4,215 (+44.4%), from €9,484 to €13,699
- Financial charges +€966
up €966 (+8.6%), from €11,250 to €12,216
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.
Result 2024
€12,333
Gross operating margin
+€7,240
Depreciation
+€280
Other operating charges
-€56
Financial income
+€0
Financial charges
-€966
Taxes
-€4,215
Result 2025
€14,615
raises the resultlowers the result
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.
From operations
+€28,409
Investment
€0
Financing
-€28,033
Cash 2024
€95
From operations (derived)
+€28,409
Net result for the year
+€14,615
Depreciation
+€16,397
Receivables within one year
-€1,969
Deferred charges and accrued income
-€1,016
Provisions
-€1,892
Trade debts
-€1,963
Tax, wage and social debts
+€4,449
Other debts
-€185
Accrued charges and deferred income
-€27
Financing
-€28,033
Debts after one year
-€29,465
Current portion of long-term debt
+€1,433
Cash 2025
€471
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €530,227 | €517,191 | -€13,036 | -2.5% |
| Fixed assets | 21/28 | €523,754 | €507,357 | -€16,397 | -3.1% |
| Tangible fixed assets | 22/27 | €523,754 | €507,357 | -€16,397 | -3.1% |
| Land and buildings | 22 | €522,638 | €506,503 | -€16,136 | -3.1% |
| Plant, machinery and equipment | 23 | €1,040 | €854 | -€186 | -17.9% |
| Furniture and vehicles | 24 | €75 | €0 | -€75 | -100% |
| Current assets | 29/58 | €6,473 | €9,834 | +€3,361 | +51.9% |
| Amounts receivable within one year | 40/41 | €5,303 | €7,272 | +€1,969 | +37.1% |
| Trade receivables | 40 | €5,303 | €7,272 | +€1,969 | +37.1% |
| Cash at bank and in hand | 54/58 | €95 | €471 | +€376 | +396% |
| Deferred charges and accrued income | 490/1 | €1,076 | €2,091 | +€1,016 | +94.4% |
| Total equity and liabilities | 10/49 | €530,227 | €517,191 | -€13,036 | -2.5% |
| Equity | 10/15 | €255,881 | €270,496 | +€14,615 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €237,281 | €251,896 | +€14,615 | +6.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €95,339 | €89,662 | -€5,677 | -6.0% |
| Distributable reserves | 133 | €141,942 | €162,234 | +€20,292 | +14.3% |
| Provisions and deferred taxes | 16 | €31,779 | €29,886 | -€1,892 | -6.0% |
| Deferred taxes | 168 | €31,779 | €29,886 | -€1,892 | -6.0% |
| Amounts payable | 17/49 | €242,567 | €216,809 | -€25,758 | -10.6% |
| Amounts payable after more than one year | 17 | €120,005 | €90,540 | -€29,465 | -24.6% |
| Financial debts | 170/4 | €120,005 | €90,540 | -€29,465 | -24.6% |
| Amounts payable within one year | 42/48 | €122,535 | €126,269 | +€3,734 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €28,033 | €29,465 | +€1,433 | +5.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,601 | €6,638 | -€1,963 | -22.8% |
| Suppliers | 440/4 | €8,601 | €6,638 | -€1,963 | -22.8% |
| Taxes, remuneration and social security | 45 | €19,293 | €23,742 | +€4,449 | +23.1% |
| Taxes | 450/3 | €17,493 | €21,942 | +€4,449 | +25.4% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €66,609 | €66,424 | -€185 | -0.3% |
| Accrued charges and deferred income | 492/3 | €27 | €0 | -€27 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,677 | €16,397 | -€280 | -1.7% |
| Other operating charges | 640/8 | €2,625 | €2,681 | +€56 | +2.1% |
| Gross operating margin | 9900 | €50,477 | €57,716 | +€7,240 | +14.3% |
| Operating profit (loss) | 9901 | €31,175 | €38,639 | +€7,464 | +23.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €11,250 | €12,216 | +€966 | +8.6% |
| Recurring financial charges | 65 | €11,250 | €12,216 | +€966 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €19,924 | €26,422 | +€6,498 | +32.6% |
| Transfer from deferred taxes | 780 | €1,892 | €1,892 | = | 0.0% |
| Income taxes | 67/77 | €9,484 | €13,699 | +€4,215 | +44.4% |
| Profit (loss) for the period | 9904 | €12,333 | €14,615 | +€2,283 | +18.5% |
| Transfer from tax-exempt reserves | 789 | €5,677 | €5,677 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,010 | €20,292 | +€2,283 | +12.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.