ESTATE VANCAYZEELE: 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
ESTATE VANCAYZEELE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€740,060
2024 · €383,895+€356,165
Equity
€3.2m
2024 · €2.5m+€740,060
Cash
€20,818
2024 · €10,451+€10,367
Balance sheet total
€7.0m
2024 · €7.0m+€5,848
Largest movements
Assets
- Tangible fixed assets -€83,126
down €83,126 (-1.3%), from €6.6m to €6.5m
- Receivables within one year +€78,010
up €78,010 (+145%), from €53,929 to €131,939
of which Trade receivables: +€77,968
Equity and liabilities
- Reserves +€740,060
up €740,060 (+37.8%), from €2.0m to €2.7m
of which Distributable reserves: +€403,260
- Debts after one year -€424,983
down €424,983 (-12.6%), from €3.4m to €2.9m
- Other debts -€418,731
down €418,731 (-59.8%), from €699,883 to €281,152
Income statement
- Gross operating margin +€459,857
up €459,857 (+55.0%), from €835,678 to €1.3m
- Taxes +€116,592
up €116,592 (+90.9%), from €128,247 to €244,838
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
€383,895
Gross operating margin
+€459,857
Depreciation
+€7,258
Other operating charges
-€3,378
Financial charges
+€9,020
Taxes
-€116,592
Result 2025
€740,060
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
+€563,033
Investment
-€129,752
Financing
-€422,914
Cash 2024
€10,451
From operations (derived)
+€563,033
Net result for the year
+€740,060
Depreciation
+€212,878
Receivables within one year
-€78,010
Deferred charges and accrued income
-€596
Trade debts
+€68,168
Tax, wage and social debts
+€39,265
Other debts
-€418,731
Investment (derived)
-€129,752
Investment in fixed assets (net)
-€129,752
Financing
-€422,914
Debts after one year
-€424,983
Current portion of long-term debt
+€2,069
Cash 2025
€20,818
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,011,027 | €7,016,874 | +€5,848 | +0.1% |
| Fixed assets | 21/28 | €6,627,241 | €6,544,115 | -€83,126 | -1.3% |
| Tangible fixed assets | 22/27 | €6,626,841 | €6,543,715 | -€83,126 | -1.3% |
| Land and buildings | 22 | €6,626,841 | €6,543,715 | -€83,126 | -1.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €383,785 | €472,759 | +€88,973 | +23.2% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,929 | €131,939 | +€78,010 | +145% |
| Trade receivables | 40 | €53,822 | €131,790 | +€77,968 | +145% |
| Other amounts receivable | 41 | €107 | €150 | +€42 | +39.4% |
| Cash at bank and in hand | 54/58 | €10,451 | €20,818 | +€10,367 | +99.2% |
| Deferred charges and accrued income | 490/1 | €19,405 | €20,002 | +€596 | +3.1% |
| Total equity and liabilities | 10/49 | €7,011,027 | €7,016,874 | +€5,848 | +0.1% |
| Equity | 10/15 | €2,455,278 | €3,195,339 | +€740,060 | +30.1% |
| Contributions | 10/11 | €417,349 | €417,349 | = | 0.0% |
| Revaluation surpluses | 12 | €80,881 | €80,881 | = | 0.0% |
| Reserves | 13 | €1,957,048 | €2,697,108 | +€740,060 | +37.8% |
| Tax-exempt reserves | 132 | €28,857 | €365,657 | +€336,800 | +1,167% |
| Distributable reserves | 133 | €1,928,191 | €2,331,451 | +€403,260 | +20.9% |
| Amounts payable | 17/49 | €4,555,748 | €3,821,536 | -€734,213 | -16.1% |
| Amounts payable after more than one year | 17 | €3,364,921 | €2,939,938 | -€424,983 | -12.6% |
| Financial debts | 170/4 | €3,364,921 | €2,939,938 | -€424,983 | -12.6% |
| Amounts payable within one year | 42/48 | €1,190,828 | €881,598 | -€309,230 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €422,914 | €424,983 | +€2,069 | +0.5% |
| Trade debts | 44 | €39,963 | €108,130 | +€68,168 | +171% |
| Suppliers | 440/4 | €39,963 | €108,130 | +€68,168 | +171% |
| Taxes, remuneration and social security | 45 | €28,068 | €67,332 | +€39,265 | +140% |
| Taxes | 450/3 | €28,068 | €64,838 | +€36,771 | +131% |
| Remuneration and social security | 454/9 | - | €2,494 | +€2,494 | |
| Other amounts payable | 47/48 | €699,883 | €281,152 | -€418,731 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,136 | €212,878 | -€7,258 | -3.3% |
| Other operating charges | 640/8 | €53,523 | €56,901 | +€3,378 | +6.3% |
| Gross operating margin | 9900 | €835,678 | €1,295,535 | +€459,857 | +55.0% |
| Operating profit (loss) | 9901 | €562,020 | €1,025,757 | +€463,737 | +82.5% |
| Financial income | 75/76B | €6,000 | €6,000 | = | 0.0% |
| Recurring financial income | 75 | €6,000 | €6,000 | = | 0.0% |
| Financial charges | 65/66B | €55,878 | €46,858 | -€9,020 | -16.1% |
| Recurring financial charges | 65 | €55,878 | €46,858 | -€9,020 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €512,142 | €984,899 | +€472,757 | +92.3% |
| Income taxes | 67/77 | €128,247 | €244,838 | +€116,592 | +90.9% |
| Profit (loss) for the period | 9904 | €383,895 | €740,060 | +€356,165 | +92.8% |
| Transfer to tax-exempt reserves | 689 | - | €336,800 | +€336,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €383,895 | €403,260 | +€19,365 | +5.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.