L. Vancampfort: what changed
What changed
L. Vancampfort
filed annual accounts (NBB)
Net result for the year
€15,130
2024 · €25,344-€10,214
Equity
€280,153
2024 · €265,023+€15,130
Cash
€85,332
2024 · €53,016+€32,316
Balance sheet total
€431,838
2024 · €448,569-€16,732
Largest movements
Assets
- Tangible fixed assets -€47,133
down €47,133 (-12.7%), from €372,060 to €324,927
of which Other tangible fixed assets: -€24,483
- Cash +€32,316
up €32,316 (+61.0%), from €53,016 to €85,332
mainly Depreciation (+€54,772) and Net result for the year (+€15,130)
Equity and liabilities
- Debts after one year -€33,732
down €33,732 (-21.9%), from €153,806 to €120,075
- Reserves +€15,130
up €15,130 (+6.0%), from €252,623 to €267,753
of which Distributable reserves: +€15,130
Income statement
- Gross operating margin -€10,654
down €10,654 (-11.4%), from €93,120 to €82,466
- Depreciation +€3,865
up €3,865 (+7.6%), from €50,907 to €54,772
- Taxes -€3,656
down €3,656 (-35.8%), from €10,212 to €6,557
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.
Result 2024
€25,344
Gross operating margin
-€10,654
Depreciation
-€3,865
Other operating charges
-€172
Financial income
+€12
Financial charges
+€809
Taxes
+€3,656
Result 2025
€15,130
raises the resultlowers the result
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.
From operations
+€72,661
Investment
-€7,639
Financing
-€32,705
Cash 2024
€53,016
From operations (derived)
+€72,661
Net result for the year
+€15,130
Depreciation
+€54,772
Receivables within one year
+€1,934
Deferred charges and accrued income
-€19
Trade debts
+€461
Other debts
+€382
Investment (derived)
-€7,639
Investment in fixed assets (net)
-€7,639
Financing
-€32,705
Debts after one year
-€33,732
Current portion of long-term debt
+€1,026
Cash 2025
€85,332
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,569 | €431,838 | -€16,732 | -3.7% |
| Fixed assets | 21/28 | €372,060 | €324,927 | -€47,133 | -12.7% |
| Tangible fixed assets | 22/27 | €372,060 | €324,927 | -€47,133 | -12.7% |
| Land and buildings | 22 | €67,612 | €57,953 | -€9,659 | -14.3% |
| Plant, machinery and equipment | 23 | €20,624 | €19,706 | -€918 | -4.5% |
| Furniture and vehicles | 24 | €63,317 | €51,244 | -€12,073 | -19.1% |
| Other tangible fixed assets | 26 | €220,507 | €196,024 | -€24,483 | -11.1% |
| Current assets | 29/58 | €76,510 | €106,911 | +€30,401 | +39.7% |
| Amounts receivable within one year | 40/41 | €23,038 | €21,103 | -€1,934 | -8.4% |
| Trade receivables | 40 | €23,038 | €19,583 | -€3,455 | -15.0% |
| Other amounts receivable | 41 | - | €1,520 | +€1,520 | |
| Cash at bank and in hand | 54/58 | €53,016 | €85,332 | +€32,316 | +61.0% |
| Deferred charges and accrued income | 490/1 | €456 | €475 | +€19 | +4.2% |
| Total equity and liabilities | 10/49 | €448,569 | €431,838 | -€16,732 | -3.7% |
| Equity | 10/15 | €265,023 | €280,153 | +€15,130 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €252,623 | €267,753 | +€15,130 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €196 | €196 | = | 0.0% |
| Distributable reserves | 133 | €250,567 | €265,697 | +€15,130 | +6.0% |
| Amounts payable | 17/49 | €183,546 | €151,684 | -€31,862 | -17.4% |
| Amounts payable after more than one year | 17 | €153,806 | €120,075 | -€33,732 | -21.9% |
| Financial debts | 170/4 | €153,806 | €120,075 | -€33,732 | -21.9% |
| Amounts payable within one year | 42/48 | €29,740 | €31,610 | +€1,870 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €23,967 | €24,993 | +€1,026 | +4.3% |
| Trade debts | 44 | €397 | €858 | +€461 | +116% |
| Suppliers | 440/4 | €397 | €858 | +€461 | +116% |
| Taxes, remuneration and social security | 45 | €2,639 | €2,639 | = | 0.0% |
| Taxes | 450/3 | €2,639 | €2,639 | = | 0.0% |
| Other amounts payable | 47/48 | €2,737 | €3,119 | +€382 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,907 | €54,772 | +€3,865 | +7.6% |
| Other operating charges | 640/8 | €2,050 | €2,222 | +€172 | +8.4% |
| Gross operating margin | 9900 | €93,120 | €82,466 | -€10,654 | -11.4% |
| Operating profit (loss) | 9901 | €40,163 | €25,472 | -€14,691 | -36.6% |
| Financial income | 75/76B | €245 | €257 | +€12 | +5.0% |
| Recurring financial income | 75 | €245 | €257 | +€12 | +5.0% |
| Financial charges | 65/66B | €4,851 | €4,042 | -€809 | -16.7% |
| Recurring financial charges | 65 | €4,851 | €4,042 | -€809 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €35,557 | €21,687 | -€13,870 | -39.0% |
| Income taxes | 67/77 | €10,212 | €6,557 | -€3,656 | -35.8% |
| Profit (loss) for the period | 9904 | €25,344 | €15,130 | -€10,214 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,344 | €15,130 | -€10,214 | -40.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.