DR. F. VANKELECOM: 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.
DR. F. VANKELECOM
Largest movements
- Tangible fixed assets -€13,641
down €13,641 (-14.3%), from €95,490 to €81,849
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€3,499
up €3,499 (+96.8%), from €3,614 to €7,113
- Financial charges +€1,432
up €1,432 (+3,182%), from €45 to €1,477
- Gross operating margin -€892
down €892 (-8.4%), from €10,607 to €9,715
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 | €766,650 | €767,942 | +€1,292 | +0.2% |
| Fixed assets | 21/28 | €95,490 | €81,849 | -€13,641 | -14.3% |
| Tangible fixed assets | 22/27 | €95,490 | €81,849 | -€13,641 | -14.3% |
| Land and buildings | 22 | €95,490 | €81,849 | -€13,641 | -14.3% |
| Current assets | 29/58 | €671,160 | €686,093 | +€14,933 | +2.2% |
| Amounts receivable within one year | 40/41 | €2,499 | €8,329 | +€5,830 | +233% |
| Trade receivables | 40 | - | €6,195 | +€6,195 | |
| Other amounts receivable | 41 | €2,499 | €2,134 | -€365 | -14.6% |
| Current investments | 50/53 | €654,489 | €659,437 | +€4,948 | +0.8% |
| Cash at bank and in hand | 54/58 | €14,172 | €17,127 | +€2,955 | +20.9% |
| Deferred charges and accrued income | 490/1 | - | €1,200 | +€1,200 | |
| Total equity and liabilities | 10/49 | €766,650 | €767,942 | +€1,292 | +0.2% |
| Equity | 10/15 | €746,375 | €746,313 | -€62 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €639,399 | €639,399 | = | 0.0% |
| Tax-exempt reserves | 132 | €172 | €172 | = | 0.0% |
| Distributable reserves | 133 | €639,227 | €639,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,576 | €94,514 | -€62 | -0.1% |
| Amounts payable | 17/49 | €20,275 | €21,629 | +€1,354 | +6.7% |
| Amounts payable within one year | 42/48 | €20,275 | €20,197 | -€78 | -0.4% |
| Trade debts | 44 | €30 | - | -€30 | |
| Suppliers | 440/4 | €30 | - | -€30 | |
| Other amounts payable | 47/48 | €20,245 | €20,197 | -€48 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €1,432 | +€1,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,641 | €13,641 | = | 0.0% |
| Other operating charges | 640/8 | €1,720 | €1,772 | +€52 | +3.0% |
| Gross operating margin | 9900 | €10,607 | €9,715 | -€892 | -8.4% |
| Operating profit (loss) | 9901 | -€4,754 | -€5,698 | -€944 | -19.9% |
| Financial income | 75/76B | €3,614 | €7,113 | +€3,499 | +96.8% |
| Recurring financial income | 75 | €3,614 | €7,113 | +€3,499 | +96.8% |
| Financial charges | 65/66B | €45 | €1,477 | +€1,432 | +3,182% |
| Recurring financial charges | 65 | €45 | €1,477 | +€1,432 | +3,182% |
| Profit (loss) for the period before taxes | 9903 | -€1,185 | -€62 | +€1,123 | +94.8% |
| Profit (loss) for the period | 9904 | -€1,185 | -€62 | +€1,123 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,185 | -€62 | +€1,123 | +94.8% |
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 19 October 2026 via checked.be.