VANBEL: 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.
What changed
VANBEL
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,540
2024 · -€16,365+€13,825
Equity
€312,413
2024 · €314,953-€2,540
Cash
€164,644
2024 · €120,498+€44,146
Balance sheet total
€662,414
2024 · €646,385+€16,029
Largest movements
Assets
- Cash +€44,146
up €44,146 (+36.6%), from €120,498 to €164,644
mainly Depreciation (+€36,073) and Provisions (+€10,000)
- Tangible fixed assets -€34,774
down €34,774 (-6.9%), from €502,020 to €467,247
of which Land and buildings: -€35,212
- Current investments +€10,000
up €10,000 (+58.8%), from €17,000 to €27,000
Equity and liabilities
- Provisions +€10,000
up €10,000 (+9.0%), from €111,613 to €121,613
- Other debts +€6,753
up €6,753 (+3.5%), from €195,159 to €201,913
Income statement
- Gross operating margin +€9,389
up €9,389 (+16.5%), from €56,825 to €66,214
- Provisions -€7,000
down €7,000 (-41.2%), from €17,000 to €10,000
- Financial charges +€3,108
up €3,108 (+22.2%), from €14,006 to €17,113
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.
Result 2024
-€16,365
Gross operating margin
+€9,389
Depreciation
+€653
Provisions
+€7,000
Other operating charges
-€296
Financial income
+€194
Financial charges
-€3,108
Taxes
-€7
Result 2025
-€2,540
raises the resultlowers the result
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.
From operations
+€55,291
Investment
-€11,299
Financing
+€154
Cash 2024
€120,498
From operations (derived)
+€55,291
Net result for the year
-€2,540
Depreciation
+€36,073
Receivables within one year
+€3,345
Deferred charges and accrued income
-€1
Provisions
+€10,000
Trade debts
-€1,644
Tax, wage and social debts
-€460
Other debts
+€6,753
Accrued charges and deferred income
+€3,764
Investment (derived)
-€11,299
Investment in fixed assets (net)
-€1,299
Current investments
-€10,000
Financing
+€154
Short-term financial debts
+€154
Cash 2025
€164,644
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €646,385 | €662,414 | +€16,029 | +2.5% |
| Fixed assets | 21/28 | €502,069 | €467,296 | -€34,774 | -6.9% |
| Tangible fixed assets | 22/27 | €502,020 | €467,247 | -€34,774 | -6.9% |
| Land and buildings | 22 | €501,560 | €466,348 | -€35,212 | -7.0% |
| Plant, machinery and equipment | 23 | €461 | €0 | -€461 | -100% |
| Furniture and vehicles | 24 | €0 | €899 | +€899 | |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €144,316 | €195,118 | +€50,802 | +35.2% |
| Amounts receivable within one year | 40/41 | €6,225 | €2,880 | -€3,345 | -53.7% |
| Other amounts receivable | 41 | €6,225 | €2,880 | -€3,345 | -53.7% |
| Current investments | 50/53 | €17,000 | €27,000 | +€10,000 | +58.8% |
| Cash at bank and in hand | 54/58 | €120,498 | €164,644 | +€44,146 | +36.6% |
| Deferred charges and accrued income | 490/1 | €593 | €594 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €646,385 | €662,414 | +€16,029 | +2.5% |
| Equity | 10/15 | €314,953 | €312,413 | -€2,540 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,240 | €119,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €72,751 | €72,751 | = | 0.0% |
| Distributable reserves | 133 | €46,490 | €46,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,512 | €186,973 | -€2,540 | -1.3% |
| Provisions and deferred taxes | 16 | €111,613 | €121,613 | +€10,000 | +9.0% |
| Provisions for liabilities and charges | 160/5 | €111,613 | €121,613 | +€10,000 | +9.0% |
| Pensions and similar obligations | 160 | €94,613 | €94,613 | = | 0.0% |
| Other liabilities and charges | 164/5 | €17,000 | €27,000 | +€10,000 | +58.8% |
| Amounts payable | 17/49 | €219,820 | €228,388 | +€8,568 | +3.9% |
| Amounts payable within one year | 42/48 | €207,907 | €212,712 | +€4,805 | +2.3% |
| Financial debts | 43 | - | €154 | +€154 | |
| Credit institutions | 430/8 | - | €154 | +€154 | |
| Trade debts | 44 | €5,549 | €3,905 | -€1,644 | -29.6% |
| Suppliers | 440/4 | €5,549 | €3,905 | -€1,644 | -29.6% |
| Taxes, remuneration and social security | 45 | €7,199 | €6,739 | -€460 | -6.4% |
| Taxes | 450/3 | €1,199 | €739 | -€460 | -38.3% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €195,159 | €201,913 | +€6,753 | +3.5% |
| Accrued charges and deferred income | 492/3 | €11,913 | €15,676 | +€3,764 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,725 | €36,073 | -€653 | -1.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,000 | €10,000 | -€7,000 | -41.2% |
| Other operating charges | 640/8 | €5,450 | €5,746 | +€296 | +5.4% |
| Gross operating margin | 9900 | €56,825 | €66,214 | +€9,389 | +16.5% |
| Operating profit (loss) | 9901 | -€2,350 | €14,395 | +€16,746 | |
| Financial income | 75/76B | €137 | €331 | +€194 | +142% |
| Recurring financial income | 75 | €137 | €331 | +€194 | +142% |
| Financial charges | 65/66B | €14,006 | €17,113 | +€3,108 | +22.2% |
| Recurring financial charges | 65 | €14,006 | €17,113 | +€3,108 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,219 | -€2,387 | +€13,832 | +85.3% |
| Income taxes | 67/77 | €146 | €153 | +€7 | +4.8% |
| Profit (loss) for the period | 9904 | -€16,365 | -€2,540 | +€13,825 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,365 | -€2,540 | +€13,825 | +84.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.