VANAERSCHOT: what changed
Two fiscal 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.
VANAERSCHOT
Largest movements
- Receivables within one year -€7,641
down €7,641 (-22.4%), from €34,122 to €26,481
of which Trade receivables: -€8,470
- Tangible fixed assets -€3,181
down €3,181 (-15.4%), from €20,684 to €17,503
of which Plant, machinery and equipment: -€1,812
- Cash +€2,158
up €2,158 (+260.9%), from €827 to €2,986
mainly Receivables within one year (+€7,641) and Tax, wage and social debts (+€3,322)
- Deferred charges and accrued income +€2,055
up €2,055 (+156.7%), from €1,311 to €3,366
- Profit (loss) carried forward -€5,313
new in 2025: -€5,313
- Tax, wage and social debts +€3,322
up €3,322 (+53.5%), from €6,213 to €9,536
of which Remuneration and social security: +€4,164
- Debts after one year -€3,273
down €3,273 (-37.3%), from €8,777 to €5,504
- Trade debts -€1,047
down €1,047 (-24.1%), from €4,346 to €3,299
- Gross operating margin -€17,320
down €17,320 (-92.5%), from €18,725 to €1,406
- Taxes -€3,060
down €3,060 (-94.7%), from €3,230 to €171
- Financial charges +€243
up €243 (+12.8%), from €1,895 to €2,138
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.
Cash bridge derived
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 | €56,945 | €50,335 | -€6,610 | -11.6% |
| Fixed assets | 21/28 | €20,684 | €17,503 | -€3,181 | -15.4% |
| Tangible fixed assets | 22/27 | €20,684 | €17,503 | -€3,181 | -15.4% |
| Plant, machinery and equipment | 23 | €16,257 | €14,445 | -€1,812 | -11.1% |
| Furniture and vehicles | 24 | €4,427 | €3,058 | -€1,370 | -30.9% |
| Current assets | 29/58 | €36,260 | €32,832 | -€3,428 | -9.5% |
| Amounts receivable within one year | 40/41 | €34,122 | €26,481 | -€7,641 | -22.4% |
| Trade receivables | 40 | €34,122 | €25,652 | -€8,470 | -24.8% |
| Other amounts receivable | 41 | - | €829 | +€829 | |
| Cash at bank and in hand | 54/58 | €827 | €2,986 | +€2,158 | +260.9% |
| Deferred charges and accrued income | 490/1 | €1,311 | €3,366 | +€2,055 | +156.7% |
| Total equity and liabilities | 10/49 | €56,945 | €50,335 | -€6,610 | -11.6% |
| Equity | 10/15 | €33,646 | €28,333 | -€5,313 | -15.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,646 | €30,646 | = | 0.0% |
| Distributable reserves | 133 | €30,646 | €30,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,313 | -€5,313 | |
| Amounts payable | 17/49 | €23,299 | €22,002 | -€1,297 | -5.6% |
| Amounts payable after more than one year | 17 | €8,777 | €5,504 | -€3,273 | -37.3% |
| Financial debts | 170/4 | €8,777 | €5,504 | -€3,273 | -37.3% |
| Amounts payable within one year | 42/48 | €14,222 | €16,498 | +€2,276 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €2,824 | €3,273 | +€450 | +15.9% |
| Trade debts | 44 | €4,346 | €3,299 | -€1,047 | -24.1% |
| Suppliers | 440/4 | €4,346 | €3,299 | -€1,047 | -24.1% |
| Taxes, remuneration and social security | 45 | €6,213 | €9,536 | +€3,322 | +53.5% |
| Taxes | 450/3 | €4,425 | €3,583 | -€841 | -19.0% |
| Remuneration and social security | 454/9 | €1,788 | €5,952 | +€4,164 | +232.8% |
| Other amounts payable | 47/48 | €839 | €390 | -€449 | -53.5% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,312 | €3,181 | -€131 | -3.9% |
| Other operating charges | 640/8 | €1,048 | €1,229 | +€180 | +17.2% |
| Gross operating margin | 9900 | €18,725 | €1,406 | -€17,320 | -92.5% |
| Operating profit (loss) | 9901 | €14,365 | -€3,005 | -€17,369 | |
| Financial charges | 65/66B | €1,895 | €2,138 | +€243 | +12.8% |
| Recurring financial charges | 65 | €1,895 | €2,138 | +€243 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €12,470 | -€5,142 | -€17,612 | |
| Income taxes | 67/77 | €3,230 | €171 | -€3,060 | -94.7% |
| Profit (loss) for the period | 9904 | €9,239 | -€5,313 | -€14,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,239 | -€5,313 | -€14,552 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.