FREDERIC VANACKERE: what changed
FREDERIC VANACKERE
Largest movements
- Cash +€107,114
up €107,114 (+308%), from €34,829 to €141,942
mainly Other debts (+€261,351) and Net result for the year (+€75,123)
- Receivables within one year +€52,406
up €52,406 (+28.1%), from €186,401 to €238,807
of which Trade receivables: +€58,150
- Stocks and contracts -€6,366
down €6,366 (-10.8%), from €58,960 to €52,594
- Other debts +€261,351
up €261,351 (+5,990%), from €4,363 to €265,714
- Profit (loss) carried forward -€185,077
down €185,077 (-70.7%), from €261,681 to €76,605
- Trade debts +€38,684
up €38,684 (+65.2%), from €59,305 to €97,988
- Tax, wage and social debts +€21,023
up €21,023 (+755%), from €2,783 to €23,807
of which Taxes: +€19,236
- Debts after one year +€11,560
new in 2025: €11,560
- Depreciation -€30,782
down €30,782 (-55.7%), from €55,271 to €24,489
- Gross operating margin +€6,708
up €6,708 (+4.9%), from €136,003 to €142,711
- Financial charges +€3,909
up €3,909 (+611%), from €639 to €4,549
- Staff costs +€3,411
up €3,411 (+21.8%), from €15,668 to €19,079
- Taxes +€2,509
up €2,509 (+16.0%), from €15,666 to €18,175
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,759 | €485,554 | +€149,794 | +44.6% |
| Fixed assets | 21/28 | €54,387 | €52,210 | -€2,177 | -4.0% |
| Tangible fixed assets | 22/27 | €54,387 | €52,210 | -€2,177 | -4.0% |
| Plant, machinery and equipment | 23 | €35,873 | €35,428 | -€445 | -1.2% |
| Furniture and vehicles | 24 | €18,515 | €16,782 | -€1,733 | -9.4% |
| Current assets | 29/58 | €281,372 | €433,344 | +€151,972 | +54.0% |
| Stocks and contracts in progress | 3 | €58,960 | €52,594 | -€6,366 | -10.8% |
| Stocks | 30/36 | €58,960 | €52,594 | -€6,366 | -10.8% |
| Amounts receivable within one year | 40/41 | €186,401 | €238,807 | +€52,406 | +28.1% |
| Trade receivables | 40 | €121,247 | €179,397 | +€58,150 | +48.0% |
| Other amounts receivable | 41 | €65,154 | €59,410 | -€5,744 | -8.8% |
| Cash at bank and in hand | 54/58 | €34,829 | €141,942 | +€107,114 | +308% |
| Deferred charges and accrued income | 490/1 | €1,183 | - | -€1,183 | |
| Total equity and liabilities | 10/49 | €335,759 | €485,554 | +€149,794 | +44.6% |
| Equity | 10/15 | €266,681 | €81,605 | -€185,077 | -69.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,681 | €76,605 | -€185,077 | -70.7% |
| Amounts payable | 17/49 | €69,078 | €403,949 | +€334,871 | +485% |
| Amounts payable after more than one year | 17 | - | €11,560 | +€11,560 | |
| Financial debts | 170/4 | - | €11,560 | +€11,560 | |
| Amounts payable within one year | 42/48 | €69,078 | €392,389 | +€323,311 | +468% |
| Current portion of amounts payable after more than one year | 42 | €2,627 | €4,880 | +€2,253 | +85.8% |
| Trade debts | 44 | €59,305 | €97,988 | +€38,684 | +65.2% |
| Suppliers | 440/4 | €59,305 | €97,988 | +€38,684 | +65.2% |
| Taxes, remuneration and social security | 45 | €2,783 | €23,807 | +€21,023 | +755% |
| Taxes | 450/3 | €1,500 | €20,736 | +€19,236 | +1,282% |
| Remuneration and social security | 454/9 | €1,283 | €3,071 | +€1,788 | +139% |
| Other amounts payable | 47/48 | €4,363 | €265,714 | +€261,351 | +5,990% |
| Non-recurring operating income | 76A | - | €2,796 | +€2,796 | |
| Remuneration, social security and pensions | 62 | €15,668 | €19,079 | +€3,411 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,271 | €24,489 | -€30,782 | -55.7% |
| Other operating charges | 640/8 | €1,033 | €1,179 | +€146 | +14.1% |
| Non-recurring operating charges | 66A | - | €123 | +€123 | |
| Gross operating margin | 9900 | €136,003 | €142,711 | +€6,708 | +4.9% |
| Operating profit (loss) | 9901 | €64,031 | €97,842 | +€33,810 | +52.8% |
| Financial income | 75/76B | €1 | €5 | +€4 | +415% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +415% |
| Financial charges | 65/66B | €639 | €4,549 | +€3,909 | +611% |
| Recurring financial charges | 65 | €639 | €4,549 | +€3,909 | +611% |
| Profit (loss) for the period before taxes | 9903 | €63,393 | €93,298 | +€29,905 | +47.2% |
| Income taxes | 67/77 | €15,666 | €18,175 | +€2,509 | +16.0% |
| Profit (loss) for the period | 9904 | €47,727 | €75,123 | +€27,396 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,727 | €75,123 | +€27,396 | +57.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.