VANASSCHE SERVICES: 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.
VANASSCHE SERVICES
Largest movements
- Receivables after one year -€450,000
no longer reported in 2025 (was €450,000)
- Receivables within one year +€355,224
up €355,224 (+44.2%), from €803,293 to €1.2m
of which Trade receivables: +€321,011
- Stocks and contracts +€147,800
up €147,800 (+9.7%), from €1.5m to €1.7m
of which Stocks: +€115,415
- Cash +€126,965
up €126,965 (+17.5%), from €725,418 to €852,384
mainly Receivables after one year (+€450,000) and Net result for the year (+€327,284)
- Reserves +€327,284
up €327,284 (+10.4%), from €3.2m to €3.5m
of which Distributable reserves: +€327,284
- Tax, wage and social debts -€90,148
down €90,148 (-31.9%), from €282,366 to €192,218
of which Taxes: -€80,855
- Gross operating margin -€1.4m
down €1.4m (-42.1%), from €3.3m to €1.9m
- Staff costs -€889,260
down €889,260 (-42.1%), from €2.1m to €1.2m
- Write-downs +€166,385
new in 2025: €166,385
- Taxes -€159,914
down €159,914 (-57.6%), from €277,391 to €117,477
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 | €3,777,387 | €3,993,879 | +€216,492 | +5.7% |
| Fixed assets | 21/28 | €254,754 | €286,624 | +€31,871 | +12.5% |
| Tangible fixed assets | 22/27 | €154,154 | €192,124 | +€37,971 | +24.6% |
| Land and buildings | 22 | €51,171 | €68,203 | +€17,032 | +33.3% |
| Plant, machinery and equipment | 23 | €71,665 | €67,808 | -€3,857 | -5.4% |
| Furniture and vehicles | 24 | €31,318 | €56,113 | +€24,795 | +79.2% |
| Financial fixed assets | 28 | €100,600 | €94,500 | -€6,100 | -6.1% |
| Current assets | 29/58 | €3,522,633 | €3,707,254 | +€184,621 | +5.2% |
| Amounts receivable after more than one year | 29 | €450,000 | - | -€450,000 | |
| Other amounts receivable | 291 | €450,000 | - | -€450,000 | |
| Stocks and contracts in progress | 3 | €1,530,373 | €1,678,173 | +€147,800 | +9.7% |
| Stocks | 30/36 | €939,196 | €1,054,611 | +€115,415 | +12.3% |
| Contracts in progress | 37 | €591,177 | €623,562 | +€32,385 | +5.5% |
| Amounts receivable within one year | 40/41 | €803,293 | €1,158,517 | +€355,224 | +44.2% |
| Trade receivables | 40 | €480,530 | €801,541 | +€321,011 | +66.8% |
| Other amounts receivable | 41 | €322,763 | €356,975 | +€34,212 | +10.6% |
| Cash at bank and in hand | 54/58 | €725,418 | €852,384 | +€126,965 | +17.5% |
| Deferred charges and accrued income | 490/1 | €13,549 | €18,181 | +€4,632 | +34.2% |
| Total equity and liabilities | 10/49 | €3,777,387 | €3,993,879 | +€216,492 | +5.7% |
| Equity | 10/15 | €3,223,656 | €3,550,940 | +€327,284 | +10.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,161,656 | €3,488,940 | +€327,284 | +10.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €3,099,206 | €3,426,490 | +€327,284 | +10.6% |
| Amounts payable | 17/49 | €553,731 | €442,939 | -€110,792 | -20.0% |
| Amounts payable within one year | 42/48 | €538,093 | €442,333 | -€95,760 | -17.8% |
| Trade debts | 44 | €226,235 | €219,092 | -€7,142 | -3.2% |
| Suppliers | 440/4 | €226,235 | €219,092 | -€7,142 | -3.2% |
| Taxes, remuneration and social security | 45 | €282,366 | €192,218 | -€90,148 | -31.9% |
| Taxes | 450/3 | €137,025 | €56,170 | -€80,855 | -59.0% |
| Remuneration and social security | 454/9 | €145,341 | €136,048 | -€9,293 | -6.4% |
| Other amounts payable | 47/48 | €29,493 | €31,023 | +€1,530 | +5.2% |
| Accrued charges and deferred income | 492/3 | €15,638 | €606 | -€15,032 | -96.1% |
| Non-recurring operating income | 76A | €1,000 | €2,479 | +€1,479 | +147.9% |
| Remuneration, social security and pensions | 62 | €2,111,181 | €1,221,922 | -€889,260 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,297 | €48,394 | -€25,903 | -34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €166,385 | +€166,385 | |
| Other operating charges | 640/8 | €40,398 | €22,432 | -€17,966 | -44.5% |
| Gross operating margin | 9900 | €3,281,370 | €1,898,291 | -€1.4m | -42.1% |
| Operating profit (loss) | 9901 | €1,055,494 | €439,159 | -€616,335 | -58.4% |
| Financial income | 75/76B | €11,248 | €11,101 | -€147 | -1.3% |
| Recurring financial income | 75 | €11,248 | €11,101 | -€147 | -1.3% |
| Financial charges | 65/66B | €7,180 | €5,500 | -€1,680 | -23.4% |
| Recurring financial charges | 65 | €7,180 | €5,500 | -€1,680 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €1,059,562 | €444,760 | -€614,802 | -58.0% |
| Income taxes | 67/77 | €277,391 | €117,477 | -€159,914 | -57.6% |
| Profit (loss) for the period | 9904 | €782,171 | €327,284 | -€454,888 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €782,171 | €327,284 | -€454,888 | -58.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.