Czanik & Vanhout: 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.
Czanik & Vanhout
Largest movements
- Cash +€24,067
up €24,067 (+19.9%), from €121,143 to €145,209
mainly Net result for the year (+€27,893) and Other debts (+€18,484)
- Receivables after one year -€6,600
no longer reported in 2025 (was €6,600)
- Receivables within one year -€4,483
down €4,483 (-32.4%), from €13,817 to €9,333
of which Other amounts receivable: -€7,822
- Other debts +€18,484
new in 2025: €18,484
- Reserves -€5,150
down €5,150 (-4.2%), from €122,550 to €117,400
- Gross operating margin -€14,047
down €14,047 (-24.0%), from €58,475 to €44,429
- Taxes -€4,822
down €4,822 (-23.6%), from €20,441 to €15,619
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,973 | €162,046 | +€12,074 | +8.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,498 | €2,453 | -€46 | -1.8% |
| Tangible fixed assets | 22/27 | €1,998 | €1,953 | -€46 | -2.3% |
| Plant, machinery and equipment | 23 | €1,948 | €1,306 | -€642 | -32.9% |
| Furniture and vehicles | 24 | - | €647 | +€647 | |
| Other tangible fixed assets | 26 | €51 | €0 | -€51 | -100% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €147,475 | €159,594 | +€12,119 | +8.2% |
| Amounts receivable after more than one year | 29 | €6,600 | - | -€6,600 | |
| Other amounts receivable | 291 | €6,600 | - | -€6,600 | |
| Stocks and contracts in progress | 3 | €5,590 | €4,909 | -€681 | -12.2% |
| Stocks | 30/36 | €5,590 | €4,909 | -€681 | -12.2% |
| Amounts receivable within one year | 40/41 | €13,817 | €9,333 | -€4,483 | -32.4% |
| Trade receivables | 40 | €5,995 | €9,333 | +€3,338 | +55.7% |
| Other amounts receivable | 41 | €7,822 | - | -€7,822 | |
| Cash at bank and in hand | 54/58 | €121,143 | €145,209 | +€24,067 | +19.9% |
| Deferred charges and accrued income | 490/1 | €325 | €141 | -€183 | -56.4% |
| Total equity and liabilities | 10/49 | €149,973 | €162,046 | +€12,074 | +8.1% |
| Equity | 10/15 | €143,199 | €138,092 | -€5,107 | -3.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €122,550 | €117,400 | -€5,150 | -4.2% |
| Distributable reserves | 133 | €122,550 | €117,400 | -€5,150 | -4.2% |
| Profit (loss) carried forward | 14 | €189 | €232 | +€43 | +23.0% |
| Amounts payable | 17/49 | €6,774 | €23,955 | +€17,180 | +254% |
| Amounts payable within one year | 42/48 | €6,774 | €23,955 | +€17,180 | +254% |
| Trade debts | 44 | €910 | €413 | -€497 | -54.7% |
| Suppliers | 440/4 | €910 | €413 | -€497 | -54.7% |
| Taxes, remuneration and social security | 45 | €5,864 | €5,058 | -€806 | -13.7% |
| Taxes | 450/3 | €5,864 | €5,058 | -€806 | -13.7% |
| Other amounts payable | 47/48 | - | €18,484 | +€18,484 | |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | €829 | -€55 | -6.2% |
| Other operating charges | 640/8 | €999 | €1,218 | +€219 | +21.9% |
| Gross operating margin | 9900 | €58,475 | €44,429 | -€14,047 | -24.0% |
| Operating profit (loss) | 9901 | €56,592 | €42,131 | -€14,460 | -25.6% |
| Financial income | 75/76B | €1,446 | €1,482 | +€36 | +2.5% |
| Recurring financial income | 75 | €1,446 | €1,482 | +€36 | +2.5% |
| Financial charges | 65/66B | €184 | €101 | -€83 | -45.1% |
| Recurring financial charges | 65 | €184 | €101 | -€83 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €57,854 | €43,512 | -€14,342 | -24.8% |
| Income taxes | 67/77 | €20,441 | €15,619 | -€4,822 | -23.6% |
| Profit (loss) for the period | 9904 | €37,413 | €27,893 | -€9,520 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,413 | €27,893 | -€9,520 | -25.4% |
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 25 October 2026 via checked.be.