Vanbecelaere Johan Projects: 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.
Vanbecelaere Johan Projects
Largest movements
- Stocks and contracts -€685,916
down €685,916 (-100%), from €685,916 to €0
- Receivables within one year +€99,868
up €99,868 (+28.1%), from €355,451 to €455,318
of which Trade receivables: +€212,326
- Tangible fixed assets +€33,526
up €33,526 (+511%), from €6,565 to €40,090
of which Leasing and similar rights: +€32,364
- Debts after one year -€521,748
down €521,748 (-90.0%), from €579,667 to €57,918
of which Financial debts: -€491,748
- Other debts -€254,332
down €254,332 (-54.5%), from €466,967 to €212,635
- Tax, wage and social debts +€93,784
up €93,784 (+47,397%), from €198 to €93,982
- Trade debts +€47,037
up €47,037 (+118%), from €39,785 to €86,822
- Profit (loss) carried forward +€34,767
up €34,767, from -€34,767 to €0
- Gross operating margin +€97,183
up €97,183 (+679%), from €14,309 to €111,492
- Taxes +€8,792
up €8,792 (+4,443%), from €198 to €8,990
- Depreciation +€8,240
up €8,240 (+343%), from €2,401 to €10,641
- Other operating charges +€1,496
up €1,496 (+85.1%), from €1,758 to €3,254
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 | €1,069,816 | €513,601 | -€556,215 | -52.0% |
| Fixed assets | 21/28 | €6,565 | €40,090 | +€33,526 | +511% |
| Tangible fixed assets | 22/27 | €6,565 | €40,090 | +€33,526 | +511% |
| Plant, machinery and equipment | 23 | €4,115 | €4,649 | +€534 | +13.0% |
| Furniture and vehicles | 24 | €2,450 | €3,078 | +€628 | +25.6% |
| Leasing and similar rights | 25 | - | €32,364 | +€32,364 | |
| Current assets | 29/58 | €1,063,251 | €473,510 | -€589,741 | -55.5% |
| Stocks and contracts in progress | 3 | €685,916 | €0 | -€685,916 | -100% |
| Stocks | 30/36 | €685,916 | €0 | -€685,916 | -100% |
| Amounts receivable within one year | 40/41 | €355,451 | €455,318 | +€99,868 | +28.1% |
| Trade receivables | 40 | €61,061 | €273,387 | +€212,326 | +348% |
| Other amounts receivable | 41 | €294,390 | €181,931 | -€112,458 | -38.2% |
| Cash at bank and in hand | 54/58 | €20,837 | €17,567 | -€3,270 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,048 | €625 | -€423 | -40.4% |
| Total equity and liabilities | 10/49 | €1,069,816 | €513,601 | -€556,215 | -52.0% |
| Equity | 10/15 | -€18,181 | €46,868 | +€65,050 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €6,586 | €36,868 | +€30,283 | +460% |
| Distributable reserves | 133 | €6,586 | €36,868 | +€30,283 | +460% |
| Profit (loss) carried forward | 14 | -€34,767 | €0 | +€34,767 | |
| Amounts payable | 17/49 | €1,087,997 | €466,732 | -€621,265 | -57.1% |
| Amounts payable after more than one year | 17 | €579,667 | €57,918 | -€521,748 | -90.0% |
| Financial debts | 170/4 | €549,667 | €57,918 | -€491,748 | -89.5% |
| Other amounts payable | 178/9 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable within one year | 42/48 | €506,950 | €407,487 | -€99,463 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | - | €14,048 | +€14,048 | |
| Trade debts | 44 | €39,785 | €86,822 | +€47,037 | +118% |
| Suppliers | 440/4 | €39,785 | €86,822 | +€47,037 | +118% |
| Taxes, remuneration and social security | 45 | €198 | €93,982 | +€93,784 | +47,397% |
| Taxes | 450/3 | €198 | €93,982 | +€93,784 | +47,397% |
| Other amounts payable | 47/48 | €466,967 | €212,635 | -€254,332 | -54.5% |
| Accrued charges and deferred income | 492/3 | €1,381 | €1,327 | -€53 | -3.9% |
| Non-recurring operating income | 76A | €893 | - | -€893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,401 | €10,641 | +€8,240 | +343% |
| Other operating charges | 640/8 | €1,758 | €3,254 | +€1,496 | +85.1% |
| Gross operating margin | 9900 | €14,309 | €111,492 | +€97,183 | +679% |
| Operating profit (loss) | 9901 | €10,149 | €97,597 | +€87,448 | +862% |
| Financial income | 75/76B | €350 | €901 | +€551 | +158% |
| Recurring financial income | 75 | €350 | €901 | +€551 | +158% |
| Financial charges | 65/66B | €24,079 | €24,458 | +€379 | +1.6% |
| Recurring financial charges | 65 | €24,079 | €24,458 | +€379 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,580 | €74,040 | +€87,620 | |
| Income taxes | 67/77 | €198 | €8,990 | +€8,792 | +4,443% |
| Profit (loss) for the period | 9904 | -€13,778 | €65,050 | +€78,828 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,778 | €65,050 | +€78,828 |
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 15 October 2026 via checked.be.