VANCO
Annual accounts 2024
micro format, filed on 31-08-2025, 31 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €130,000 and €460,000.
Balance sheet
balance sheet total €247,946 on 31-12-2024in euro
Position in the sector
53.8%
Higher than 62% of 15,428 companies in 2024.
0.89
Higher than 25% of 14,730 companies in 2024.
-0.6%
Higher than 32% of 14,947 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
247,946 | 247,512 | 271,737 | 265,385 | 320,334 | 335,427 | 326,411 | 294,444 | 329,695 | 352,798 | 352,631 | 380,068 | 398,962 | 340,498 | 390,523 | 414,849 | 445,798 | 473,777 | 474,178 | |
21/28 |
183,656 | 187,313 | 207,754 | 216,740 | 225,594 | 248,881 | 272,713 | 271,096 | 290,636 | 313,319 | 297,860 | 319,842 | 345,015 | 300,898 | 324,354 | 345,002 | 352,034 | 362,376 | 360,165 | |
22/27 |
183,386 | 187,043 | 207,484 | 216,470 | 225,324 | 248,611 | 272,443 | 270,826 | 290,366 | 313,109 | 297,650 | 319,632 | 344,865 | 300,748 | 324,204 | 344,852 | 351,884 | 362,226 | 360,015 | |
22 |
101,600 | 109,220 | 116,840 | 124,460 | 170,451 | 179,439 | 188,428 | 197,417 | 206,405 | 215,394 | 224,382 | 235,927 | 247,472 | 208,328 | 218,505 | 228,681 | 238,857 | 249,033 | 259,209 | |
23 |
- | - | - | - | - | - | 546 | 2,634 | 4,176 | 2,375 | 2,572 | 5,867 | 9,988 | 13,123 | 6,136 | 3,306 | - | - | - | |
24 |
57,103 | 13,219 | 1,832 | 2,443 | 851 | 1,703 | 2,554 | 2,860 | 3,711 | 14,108 | 6,485 | 8,097 | 12,134 | 7,663 | 13,472 | 18,862 | 25,194 | 6,207 | 6,479 | |
25 |
13,868 | 45,633 | 61,683 | 54,281 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
10,814 | 18,971 | 27,129 | 35,286 | 43,444 | 51,601 | 59,759 | 67,916 | 76,073 | 81,232 | 64,210 | 69,741 | 75,272 | 71,633 | 71,340 | 74,335 | 71,932 | 76,396 | 80,245 | |
28 |
270 | 270 | 270 | 270 | 270 | 270 | 270 | 270 | 270 | 210 | 210 | 210 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | |
29/58 |
64,291 | 60,199 | 63,983 | 48,645 | 94,739 | 86,546 | 53,698 | 23,347 | 39,059 | 39,479 | 54,772 | 60,226 | 53,947 | 39,600 | 66,169 | 69,847 | 93,764 | 111,401 | 114,014 | |
3 |
9,180 | 5,628 | 2,277 | 5,898 | 3,958 | 3,855 | 3,855 | 4,958 | 4,350 | 4,438 | 4,955 | 3,938 | 3,938 | 3,938 | 3,938 | 4,112 | 4,831 | 4,570 | - | |
30/36 |
9,180 | 5,628 | 2,277 | 5,898 | 3,958 | 3,855 | 3,855 | 4,958 | 4,350 | 4,438 | 4,955 | 3,938 | 3,938 | 3,938 | 3,938 | 4,112 | 4,831 | 4,570 | - | |
40/41 |
42,548 | 47,326 | 38,823 | 36,725 | 83,811 | 40,397 | 49,764 | 17,795 | 34,709 | 34,172 | 49,816 | 54,319 | 49,290 | 31,232 | 6,961 | 3,631 | 10,353 | 28,010 | 48,026 | |
40 |
22,439 | 27,806 | 28,332 | 25,581 | 64,085 | 25,007 | 29,495 | 5,093 | 5,356 | 245 | 3,942 | 15,187 | 15,446 | 8,273 | 3,799 | 3,309 | 249 | 2,237 | 1,284 | |
41 |
20,109 | 19,520 | 10,491 | 11,145 | 19,727 | 15,390 | 20,270 | 12,702 | 29,353 | 33,927 | 45,874 | 39,131 | 33,844 | 22,959 | 3,162 | 322 | 10,105 | 25,773 | 46,742 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 49,800 | 49,800 | 78,000 | 78,000 | 65,000 | |
54/58 |
4,917 | - | 18,094 | 497 | 82 | 42,294 | - | - | - | 869 | - | 1,291 | 707 | 3,852 | 5,458 | 12,294 | 448 | 822 | 980 | |
490/1 |
7,646 | 7,245 | 4,788 | 5,524 | 6,889 | - | 78 | 594 | - | - | - | 679 | 12 | 579 | 12 | 10 | 132 | - | 8 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
247,946 | 247,512 | 271,737 | 265,385 | 320,334 | 335,427 | 326,411 | 294,444 | 329,695 | 352,798 | 352,631 | 380,068 | 398,962 | 340,498 | 390,523 | 414,849 | 445,798 | 473,777 | 474,178 | |
10/15 |
133,388 | 146,974 | 152,735 | 142,090 | 144,339 | 152,487 | 157,520 | 145,303 | 125,399 | 136,778 | 137,220 | 123,335 | 123,216 | 119,225 | 107,470 | 90,574 | 66,220 | 64,271 | 44,719 | |
10/11 |
30,078 | 30,078 | 30,078 | 30,078 | 30,078 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | |
100 |
- | - | - | - | - | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | 30,025 | |
11 |
- | - | - | - | - | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | |
1100/10 |
- | - | - | - | - | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 53 | |
13 |
103,300 | 116,553 | 122,353 | 111,853 | 114,253 | 36,403 | 36,403 | 24,403 | 24,403 | 24,403 | 24,403 | 24,403 | 24,403 | 24,403 | 24,403 | 24,403 | 12,403 | 12,403 | 3,003 | |
130/1 |
- | - | 3,003 | 3,003 | 3,003 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | 3,003 | |
1311 |
- | - | 3,003 | 3,003 | 3,003 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 21,400 | 9,400 | 9,400 | - | |
133 |
103,300 | 116,553 | 119,350 | 108,850 | 89,850 | 12,000 | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
10 | 344 | 304 | 159 | 8 | 86,007 | 91,040 | 90,822 | 70,918 | 82,297 | 82,740 | 68,854 | 68,735 | 64,745 | 52,990 | 36,094 | 23,739 | 21,791 | 11,638 | |
17/49 |
114,558 | 100,538 | 119,003 | 123,295 | 175,995 | 182,940 | 168,891 | 149,141 | 204,296 | 216,021 | 215,411 | 256,733 | 275,747 | 221,273 | 283,053 | 324,275 | 379,578 | 409,506 | 429,459 | |
17 |
42,716 | 29,670 | 46,270 | 44,670 | 43,026 | 53,272 | 80,876 | 87,761 | 114,707 | 144,726 | 162,839 | 188,321 | 212,659 | 155,088 | 198,724 | 240,572 | 276,028 | 319,232 | 334,872 | |
170/4 |
42,716 | 29,670 | 46,270 | 44,670 | 43,026 | 53,272 | 80,876 | 87,761 | 114,707 | 144,726 | 162,839 | 188,321 | 212,659 | 155,088 | 188,724 | 219,672 | 240,127 | 254,482 | 258,122 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 20,900 | 35,900 | 64,750 | 76,750 | |
42/48 |
71,842 | 70,868 | 72,732 | 78,625 | 132,969 | 129,668 | 88,015 | 61,379 | 89,589 | 71,295 | 52,572 | 68,412 | 63,088 | 66,186 | 84,329 | 83,422 | 103,269 | 89,936 | 94,249 | |
42 |
20,528 | 20,783 | 20,343 | 15,569 | 13,604 | 30,554 | 35,234 | 30,224 | 33,704 | 32,719 | 29,224 | 29,509 | 29,497 | 27,092 | 38,687 | 31,009 | 30,485 | 25,597 | 20,079 | |
43 |
9,077 | 5,641 | 9,845 | 11,107 | 16,488 | - | 16,876 | 5,362 | 12,350 | 13,766 | 4,308 | 15,871 | 15,762 | 14,901 | 8,707 | 14,289 | 13,724 | 8,289 | 5,780 | |
430/8 |
9,077 | 5,641 | 9,845 | 11,107 | 16,488 | - | 16,876 | 5,362 | 12,350 | 13,766 | 4,308 | 15,871 | 15,762 | 14,901 | 8,707 | 14,289 | 13,724 | 8,289 | 5,780 | |
44 |
37,220 | 32,117 | 29,209 | 29,790 | 53,049 | 68,133 | 2,749 | 2,702 | 1,855 | 3,801 | 764 | 4,071 | 1,041 | 9,285 | 1,412 | 1,697 | 8,657 | 14,030 | 32,162 | |
440/4 |
37,220 | 32,117 | 29,209 | 29,790 | 53,049 | 68,133 | 2,749 | 2,702 | 1,855 | 3,801 | 764 | 4,071 | 1,041 | 9,285 | 1,412 | 1,697 | 8,657 | 14,030 | 32,162 | |
45 |
4,978 | 9,295 | 12,262 | 9,079 | 9,474 | 8,425 | 15,907 | 13,117 | 13,364 | 20,818 | 18,277 | 15,661 | 12,787 | 12,346 | 32,220 | 27,688 | 22,509 | 31,933 | 33,606 | |
450/3 |
4,978 | 9,295 | 12,262 | 9,079 | 9,474 | 8,425 | 15,907 | 13,117 | 13,364 | 20,818 | 18,277 | 15,661 | 12,787 | 12,346 | 32,220 | 27,688 | 22,509 | 31,933 | 33,606 | |
47/48 |
38 | 3,032 | 1,074 | 13,081 | 40,355 | 22,557 | 17,250 | 9,974 | 28,316 | 192 | - | 3,300 | 4,000 | 2,561 | 3,303 | 8,739 | 27,894 | 10,087 | 2,623 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 281 | 281 | 338 | 338 | |
| Income statement | ||||||||||||||||||||
9900 |
37,649 | 35,453 | 58,958 | 43,257 | 24,159 | 30,002 | 56,301 | 63,531 | 34,014 | 46,963 | 61,996 | 47,919 | 55,928 | 67,706 | 75,208 | 95,030 | 63,492 | 65,550 | 58,665 | |
62 |
- | - | - | - | 240 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
28,838 | 32,941 | 33,775 | 27,588 | 23,287 | 23,832 | 24,829 | 19,540 | 28,732 | 30,149 | 21,982 | 25,234 | 30,900 | 25,138 | 27,971 | 27,078 | 26,524 | 26,104 | 25,972 | |
640/8 |
3,665 | 2,025 | 1,796 | 2,110 | 4,165 | 2,279 | 3,219 | 1,467 | 1,677 | 3,014 | 1,483 | 3,923 | 981 | 3,889 | 1,647 | 5,274 | 4,862 | 2,979 | 1,950 | |
9901 |
5,146 | 487 | 23,387 | 13,558 | -3,533 | 3,891 | 28,253 | 42,524 | 3,605 | 13,800 | 38,531 | 18,762 | 24,047 | 38,679 | 45,590 | 62,678 | 32,107 | 36,467 | 30,743 | |
75/76B |
953 | 1,030 | 0 | 0 | 255 | 0 | - | - | - | 1 | 2 | 2 | 219 | 382 | 1,159 | 11 | 8 | 14,160 | 26 | |
75 |
953 | 1,030 | 0 | 0 | 255 | 0 | - | - | - | 1 | 2 | 2 | 219 | 382 | 1,159 | 11 | 8 | 14,160 | 26 | |
65/66B |
4,606 | 3,798 | 3,781 | 5,107 | 4,141 | 6,564 | 7,547 | 9,967 | 13,964 | 12,731 | 13,647 | 15,074 | 12,773 | 16,668 | 18,016 | 27,991 | 25,087 | 25,323 | 22,310 | |
65 |
4,606 | 3,798 | 3,781 | 5,107 | 4,141 | 6,564 | 7,547 | 9,967 | 13,964 | 12,731 | 13,647 | 15,074 | 12,773 | 16,668 | 18,016 | 27,991 | 25,087 | 25,323 | 22,310 | |
9903 |
1,492 | -2,282 | 19,606 | 8,451 | -7,418 | -2,673 | 20,706 | 32,557 | -10,358 | 1,070 | 24,886 | 3,690 | 11,493 | 22,394 | 28,733 | 34,698 | 7,027 | 25,305 | 8,459 | |
67/77 |
3,079 | 3,478 | 8,962 | 10,700 | 730 | 2,360 | 8,489 | 12,653 | 1,020 | 1,513 | 11,000 | 3,570 | 7,502 | 10,639 | 11,837 | 10,344 | 5,078 | 5,753 | 2,506 | |
9904 |
-1,586 | -5,760 | 10,645 | -2,249 | -8,148 | -5,033 | 12,217 | 19,904 | -11,379 | -443 | 13,886 | 119 | 3,990 | 11,755 | 16,896 | 24,354 | 1,949 | 19,552 | 5,953 | |
789 |
- | - | - | 21,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,000 | - | 9,400 | - | |
9905 |
-1,586 | -5,760 | 10,645 | 19,151 | -8,148 | -5,033 | 12,217 | 19,904 | -11,379 | -443 | 13,886 | 119 | 3,990 | 11,755 | 16,896 | 12,354 | 1,949 | 10,152 | 5,953 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-1,242 | -5,456 | 10,804 | 19,159 | 77,858 | 86,007 | 103,040 | 90,822 | 70,918 | 82,297 | 82,740 | 68,854 | 68,735 | 64,745 | 52,990 | 36,094 | 23,739 | 21,791 | 11,638 | |
14P |
344 | 304 | 159 | 8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
13,253 | 5,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 10,500 | 19,000 | 77,850 | - | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | 10,500 | 19,000 | 77,850 | - | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
12,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
12,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 18 older financial years (1988-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 31-08-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00476149 | |
| 31-12-2023 | micro format | 28-11-2024 | 2024-00609345 | |
| 31-12-2022 | micro format | 14-11-2023 | 2023-00511246 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20451886 | |
| 31-12-2020 | micro format | 07-10-2021 | 2021-71500002 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-65300490 | |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45700476 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48500096 | |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-33300222 | |
| 31-12-2015 | abbreviated format | 29-06-2016 | 2016-24600594 | |
| 31-12-2014 | abbreviated format | 16-07-2015 | 2015-31400424 | |
| 31-12-2013 | abbreviated format | 10-07-2014 | 2014-29300219 | |
| 31-12-2012 | abbreviated format | 09-07-2013 | 2013-28500287 | |
| 31-12-2011 | abbreviated format | 24-07-2012 | 2012-33800051 | |
| 31-12-2010 | abbreviated format | 29-06-2011 | 2011-23600113 | |
| 31-12-2009 | abbreviated format | 12-07-2010 | 2010-31400288 | |
| 31-12-2008 | abbreviated format | 12-08-2009 | 2009-56800190 | |
| 31-12-2007 | abbreviated format | 30-06-2008 | 2008-32300164 | |
| 31-12-2006 | abbreviated format | 12-07-2007 | 2007-40900160 | |
| 31-12-2005 | abbreviated format | 14-07-2006 | 2006-47004618 | |
| 31-12-2004 | abbreviated format | 29-06-2005 | 2005-36701739 | |
| 31-12-2003 | abbreviated format | 23-07-2004 | 2004-49503727 | |
| 31-12-2002 | abbreviated format | 05-08-2003 | 2003-60103192 | |
| 31-12-2001 | abbreviated format | 05-07-2002 | 2002-34403173 | |
| 31-12-2000 | abbreviated format | 20-07-2001 | 2001-40604321 | |
| 31-12-1999 | abbreviated format | 05-07-2000 | 2000-37200111 | |
| 31-12-1998 | abbreviated format | 05-08-1999 | 1999-39704980 | |
| 31-12-1997 | abbreviated format | 16-07-1998 | 1998-33500627 | |
| 31-12-1996 | abbreviated format | 03-09-1997 | 1997-41605144 | |
| 31-12-1995 | abbreviated format | 17-07-1996 | 1996-34701296 | |
| 31-12-1994 | abbreviated format | 17-07-1995 | 1995-39904618 | |
| 31-12-1993 | abbreviated format | 14-10-1994 | 1994-43804732 | |
| 31-12-1992 | abbreviated format | 02-11-1993 | 1993-42001153 | |
| 31-12-1991 | abbreviated format | 01-06-1993 | 1993-09104648 | |
| 31-12-1990 | abbreviated format | 19-09-1991 | 1991-25605294 | |
| 31-12-1989 | abbreviated format | 13-09-1990 | 1990-23702590 | |
| 31-12-1988 | abbreviated format | 01-09-1989 | 1989-21305313 |
Subsidies and aid
Flemish government 2022 to 2025, 4 entries, €1,220 awarded, €1,220 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €53 | €53 |
| 2024 | 1 | €53 | €516 |
| 2023 | 1 | €1,029 | €566 |
| 2022 | 1 | €85 | €85 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33,984 | 33,428 | 57,162 | 41,146 | 19,754 | 27,723 | 53,082 | 62,064 | 32,337 | 43,949 | 60,513 | 43,995 | 54,947 | 63,817 | 73,561 | 89,756 | 58,631 | 62,571 | 56,714 | ||
| 27,252 | 27,181 | 44,420 | 25,339 | 15,138 | 18,799 | 37,046 | 39,444 | 17,353 | 29,706 | 35,868 | 25,353 | 34,890 | 36,893 | 44,867 | 51,432 | 28,472 | 45,656 | 31,925 | ||
| 51,987 | 12,500 | 24,789 | 57,956 | 0 | 0 | 26,446 | 0 | 6,049 | 45,608 | 0 | 60 | 75,017 | 16,433 | 7,323 | 35,948 | 25,570 | 28,315 | 45,703 | ||
| - | - | 17,597 | 415 | -42,212 | - | - | - | - | - | - | 583 | -3,145 | -1,606 | -6,836 | 11,846 | -374 | -158 | - | ||
| -7,551 | -10,669 | -8,749 | -29,980 | -38,230 | -43,122 | -34,317 | -38,032 | -50,530 | -31,816 | 2,200 | -8,186 | -9,141 | -26,585 | -18,160 | -13,575 | -9,505 | 21,465 | 19,764 | ||
| 53.8% | 59.4% | 56.2% | 53.5% | 45.1% | 45.5% | 48.3% | 49.3% | 38.0% | 38.8% | 38.9% | 32.5% | 30.9% | 35.0% | 27.5% | 21.8% | 14.9% | 13.6% | 9.4% | ||
| 0.89 | 0.85 | 0.88 | 0.62 | 0.71 | 0.67 | 0.61 | 0.38 | 0.44 | 0.55 | 1.04 | 0.88 | 0.86 | 0.60 | 0.78 | 0.84 | 0.91 | 1.24 | 1.21 | ||
| 0.77 | 0.77 | 0.85 | 0.54 | 0.68 | 0.64 | 0.57 | 0.30 | 0.39 | 0.49 | 0.95 | 0.82 | 0.79 | 0.54 | 0.74 | 0.79 | 0.86 | 1.19 | 1.21 | ||
| 0.86 | 0.68 | 0.78 | 0.87 | 1.22 | 1.20 | 1.07 | 1.03 | 1.63 | 1.58 | 1.57 | 2.08 | 2.24 | 1.86 | 2.63 | 3.58 | 5.73 | 6.37 | 9.60 | ||
| -1.2% | -3.9% | 7.0% | -1.6% | -5.6% | -3.3% | 7.8% | 13.7% | -9.1% | -0.3% | 10.1% | 0.1% | 3.2% | 9.9% | 15.7% | 26.9% | 2.9% | 30.4% | 13.3% | ||
| -0.6% | -2.3% | 3.9% | -0.8% | -2.5% | -1.5% | 3.7% | 6.8% | -3.5% | -0.1% | 3.9% | 0.0% | 1.0% | 3.5% | 4.3% | 5.9% | 0.4% | 4.1% | 1.3% | ||
| 7.38 | 8.80 | 15.12 | 8.06 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €51,987 | €12,500 | €24,789 | €57,956 |
| €28,838 | €32,941 | €33,775 | €27,588 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on VANCO
The operating result for 2024 is nearly 11 times that of 2023. It is a recovery after the fall in 2023.
Debt's share of the balance-sheet total rises from 40.6% to 46.2%. Equity is lower and debt is higher.