BART VANASSCHE ENGINEERING: 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.
BART VANASSCHE ENGINEERING
Largest movements
- Receivables within one year +€165,589
up €165,589 (+548.1%), from €30,209 to €195,798
of which Other amounts receivable: +€115,793
- Current investments -€95,375
down €95,375 (-13.0%), from €734,497 to €639,122
- Cash +€69,181
up €69,181 (+416.0%), from €16,631 to €85,812
mainly Net result for the year (+€188,241) and Current investments (+€95,375)
- Tangible fixed assets -€46,791
down €46,791 (-11.5%), from €408,029 to €361,238
of which Land and buildings: -€32,878
- Reserves +€100,507
up €100,507 (+11.2%), from €898,625 to €999,131
of which Distributable reserves: +€100,507
- Debts after one year -€19,838
down €19,838 (-15.9%), from €124,700 to €104,862
- Gross operating margin -€103,102
down €103,102 (-27.1%), from €380,638 to €277,536
- Taxes -€37,094
down €37,094 (-32.9%), from €112,864 to €75,770
- Financial income +€32,687
up €32,687 (+208.0%), from €15,714 to €48,402
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 | €1,192,545 | €1,289,162 | +€96,617 | +8.1% |
| Fixed assets | 21/28 | €409,529 | €362,738 | -€46,791 | -11.4% |
| Tangible fixed assets | 22/27 | €408,029 | €361,238 | -€46,791 | -11.5% |
| Land and buildings | 22 | €365,392 | €332,514 | -€32,878 | -9.0% |
| Plant, machinery and equipment | 23 | €5,729 | €3,707 | -€2,022 | -35.3% |
| Furniture and vehicles | 24 | €36,909 | €25,017 | -€11,891 | -32.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €783,016 | €926,423 | +€143,407 | +18.3% |
| Amounts receivable within one year | 40/41 | €30,209 | €195,798 | +€165,589 | +548.1% |
| Trade receivables | 40 | €25,958 | €75,753 | +€49,795 | +191.8% |
| Other amounts receivable | 41 | €4,251 | €120,045 | +€115,793 | +2723.7% |
| Current investments | 50/53 | €734,497 | €639,122 | -€95,375 | -13.0% |
| Cash at bank and in hand | 54/58 | €16,631 | €85,812 | +€69,181 | +416.0% |
| Deferred charges and accrued income | 490/1 | €1,679 | €5,691 | +€4,012 | +239.0% |
| Total equity and liabilities | 10/49 | €1,192,545 | €1,289,162 | +€96,617 | +8.1% |
| Equity | 10/15 | €989,095 | €1,089,602 | +€100,507 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €898,625 | €999,131 | +€100,507 | +11.2% |
| Tax-exempt reserves | 132 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €898,424 | €998,931 | +€100,507 | +11.2% |
| Profit (loss) carried forward | 14 | €84,271 | €84,271 | = | 0.0% |
| Amounts payable | 17/49 | €203,449 | €199,559 | -€3,890 | -1.9% |
| Amounts payable after more than one year | 17 | €124,700 | €104,862 | -€19,838 | -15.9% |
| Financial debts | 170/4 | €124,700 | €104,862 | -€19,838 | -15.9% |
| Amounts payable within one year | 42/48 | €74,776 | €92,465 | +€17,688 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €19,586 | €19,838 | +€252 | +1.3% |
| Financial debts | 43 | €737 | €536 | -€201 | -27.2% |
| Credit institutions | 430/8 | €737 | €536 | -€201 | -27.2% |
| Trade debts | 44 | €10,808 | €21,685 | +€10,877 | +100.6% |
| Suppliers | 440/4 | €10,808 | €21,685 | +€10,877 | +100.6% |
| Advances received on contracts in progress | 46 | €7,780 | €0 | -€7,780 | -100.0% |
| Taxes, remuneration and social security | 45 | €35,865 | €41,889 | +€6,024 | +16.8% |
| Taxes | 450/3 | €35,865 | €41,889 | +€6,024 | +16.8% |
| Other amounts payable | 47/48 | - | €8,516 | +€8,516 | |
| Accrued charges and deferred income | 492/3 | €3,974 | €2,233 | -€1,741 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,636 | €48,525 | +€888 | +1.9% |
| Other operating charges | 640/8 | €6,478 | €9,549 | +€3,071 | +47.4% |
| Gross operating margin | 9900 | €380,638 | €277,536 | -€103,102 | -27.1% |
| Operating profit (loss) | 9901 | €326,523 | €219,462 | -€107,061 | -32.8% |
| Financial income | 75/76B | €15,714 | €48,402 | +€32,687 | +208.0% |
| Recurring financial income | 75 | €15,714 | €48,402 | +€32,687 | +208.0% |
| Financial charges | 65/66B | €3,387 | €3,852 | +€465 | +13.7% |
| Recurring financial charges | 65 | €3,387 | €3,852 | +€465 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €338,851 | €264,011 | -€74,839 | -22.1% |
| Income taxes | 67/77 | €112,864 | €75,770 | -€37,094 | -32.9% |
| Profit (loss) for the period | 9904 | €225,987 | €188,241 | -€37,746 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €225,987 | €188,241 | -€37,746 | -16.7% |
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 10 October 2026 via checked.be.