Vanassche HVAC: 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.
Vanassche HVAC
Largest movements
- Cash +€120,615
up €120,615 (+118%), from €101,818 to €222,433
mainly Net result for the year (+€113,079) and Depreciation (+€20,158)
- Tangible fixed assets -€15,402
down €15,402 (-13.7%), from €112,033 to €96,630
of which Furniture and vehicles: -€8,731
- Receivables within one year -€8,793
down €8,793 (-27.7%), from €31,737 to €22,944
of which Other amounts receivable: -€8,933
- Current investments +€7,950
up €7,950 (+89.6%), from €8,874 to €16,824
- Stocks and contracts -€7,362
down €7,362 (-59.4%), from €12,395 to €5,033
- Reserves +€113,079
up €113,079 (+63.6%), from €177,794 to €290,873
of which Distributable reserves: +€70,979
- Debts after one year -€13,868
down €13,868 (-45.7%), from €30,373 to €16,504
- Tax, wage and social debts +€7,133
up €7,133 (+3,606%), from €198 to €7,331
of which Taxes: +€3,830
- Current portion of long-term debt -€7,002
down €7,002 (-18.2%), from €38,371 to €31,368
- Gross operating margin +€29,894
up €29,894 (+20.0%), from €149,274 to €179,167
- Depreciation +€9,120
up €9,120 (+82.6%), from €11,038 to €20,158
- Taxes +€2,765
up €2,765 (+8.4%), from €33,104 to €35,869
- Staff costs +€2,122
up €2,122 (+43.9%), from €4,830 to €6,952
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 | €269,610 | €365,618 | +€96,008 | +35.6% |
| Fixed assets | 21/28 | €114,786 | €98,384 | -€16,402 | -14.3% |
| Intangible fixed assets | 21 | €2,753 | €1,753 | -€1,000 | -36.3% |
| Tangible fixed assets | 22/27 | €112,033 | €96,630 | -€15,402 | -13.7% |
| Land and buildings | 22 | €43,873 | €40,822 | -€3,051 | -7.0% |
| Plant, machinery and equipment | 23 | €15,593 | €11,973 | -€3,620 | -23.2% |
| Furniture and vehicles | 24 | €52,566 | €43,835 | -€8,731 | -16.6% |
| Current assets | 29/58 | €154,824 | €267,234 | +€112,410 | +72.6% |
| Stocks and contracts in progress | 3 | €12,395 | €5,033 | -€7,362 | -59.4% |
| Stocks | 30/36 | €12,395 | €5,033 | -€7,362 | -59.4% |
| Amounts receivable within one year | 40/41 | €31,737 | €22,944 | -€8,793 | -27.7% |
| Trade receivables | 40 | €17,107 | €17,247 | +€140 | +0.8% |
| Other amounts receivable | 41 | €14,630 | €5,697 | -€8,933 | -61.1% |
| Current investments | 50/53 | €8,874 | €16,824 | +€7,950 | +89.6% |
| Cash at bank and in hand | 54/58 | €101,818 | €222,433 | +€120,615 | +118% |
| Total equity and liabilities | 10/49 | €269,610 | €365,618 | +€96,008 | +35.6% |
| Equity | 10/15 | €192,794 | €305,873 | +€113,079 | +58.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €177,794 | €290,873 | +€113,079 | +63.6% |
| Tax-exempt reserves | 132 | €42,100 | €84,200 | +€42,100 | +100% |
| Distributable reserves | 133 | €135,694 | €206,673 | +€70,979 | +52.3% |
| Amounts payable | 17/49 | €76,816 | €59,745 | -€17,072 | -22.2% |
| Amounts payable after more than one year | 17 | €30,373 | €16,504 | -€13,868 | -45.7% |
| Financial debts | 170/4 | €30,373 | €16,504 | -€13,868 | -45.7% |
| Amounts payable within one year | 42/48 | €46,284 | €42,760 | -€3,523 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €38,371 | €31,368 | -€7,002 | -18.2% |
| Trade debts | 44 | €6,909 | €3,488 | -€3,421 | -49.5% |
| Suppliers | 440/4 | €6,909 | €3,488 | -€3,421 | -49.5% |
| Taxes, remuneration and social security | 45 | €198 | €7,331 | +€7,133 | +3,606% |
| Taxes | 450/3 | €198 | €4,027 | +€3,830 | +1,936% |
| Remuneration and social security | 454/9 | - | €3,303 | +€3,303 | |
| Other amounts payable | 47/48 | €806 | €573 | -€233 | -28.9% |
| Accrued charges and deferred income | 492/3 | €160 | €480 | +€320 | +200% |
| Non-recurring operating income | 76A | €2,386 | €0 | -€2,386 | -100% |
| Remuneration, social security and pensions | 62 | €4,830 | €6,952 | +€2,122 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,038 | €20,158 | +€9,120 | +82.6% |
| Other operating charges | 640/8 | €566 | €429 | -€137 | -24.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €149,274 | €179,167 | +€29,894 | +20.0% |
| Operating profit (loss) | 9901 | €132,840 | €151,629 | +€18,789 | +14.1% |
| Financial income | 75/76B | €740 | €292 | -€448 | -60.5% |
| Recurring financial income | 75 | €740 | €292 | -€448 | -60.5% |
| Financial charges | 65/66B | €2,953 | €2,973 | +€20 | +0.7% |
| Recurring financial charges | 65 | €2,953 | €2,973 | +€20 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €130,626 | €148,948 | +€18,322 | +14.0% |
| Income taxes | 67/77 | €33,104 | €35,869 | +€2,765 | +8.4% |
| Profit (loss) for the period | 9904 | €97,522 | €113,079 | +€15,557 | +16.0% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,422 | €70,979 | +€15,557 | +28.1% |
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 24 October 2026 via checked.be.