VANBELLEGHEM: 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.
VANBELLEGHEM
Largest movements
- Cash +€30,982
up €30,982 (+67.6%), from €45,828 to €76,810
mainly Net result for the year (+€16,906) and Stocks and contracts (+€12,652)
- Receivables within one year +€12,861
up €12,861 (+35.9%), from €35,840 to €48,701
of which Trade receivables: +€13,470
- Stocks and contracts -€12,652
down €12,652 (-34.6%), from €36,542 to €23,890
- Tangible fixed assets -€11,089
down €11,089 (-24.5%), from €45,181 to €34,092
- Trade debts -€16,434
down €16,434 (-49.9%), from €32,948 to €16,514
- Reserves +€13,392
up €13,392 (+15.3%), from €87,731 to €101,123
- Current portion of long-term debt +€9,150
up €9,150 (+181.9%), from €5,031 to €14,182
- Debts after one year +€5,818
up €5,818 (+133.6%), from €4,356 to €10,175
- Profit (loss) carried forward +€2,214
no longer reported in 2024 (was -€2,214)
- Staff costs -€35,769
down €35,769, from €35,769 to -€0
- Gross operating margin -€17,278
down €17,278 (-32.1%), from €53,861 to €36,583
- Taxes +€5,428
new in 2024: €5,428
- Other operating charges +€819
up €819 (+48.3%), from €1,697 to €2,515
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,655 | €186,812 | +€19,157 | +11.4% |
| Fixed assets | 21/28 | €46,981 | €35,892 | -€11,089 | -23.6% |
| Tangible fixed assets | 22/27 | €45,181 | €34,092 | -€11,089 | -24.5% |
| Plant, machinery and equipment | 23 | €18,185 | €15,483 | -€2,702 | -14.9% |
| Furniture and vehicles | 24 | €7,942 | €3,635 | -€4,308 | -54.2% |
| Other tangible fixed assets | 26 | €19,054 | €14,974 | -€4,080 | -21.4% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €120,674 | €150,920 | +€30,246 | +25.1% |
| Stocks and contracts in progress | 3 | €36,542 | €23,890 | -€12,652 | -34.6% |
| Stocks | 30/36 | €36,542 | €23,890 | -€12,652 | -34.6% |
| Amounts receivable within one year | 40/41 | €35,840 | €48,701 | +€12,861 | +35.9% |
| Trade receivables | 40 | €35,230 | €48,701 | +€13,470 | +38.2% |
| Other amounts receivable | 41 | €609 | - | -€609 | |
| Cash at bank and in hand | 54/58 | €45,828 | €76,810 | +€30,982 | +67.6% |
| Deferred charges and accrued income | 490/1 | €2,464 | €1,520 | -€944 | -38.3% |
| Total equity and liabilities | 10/49 | €167,655 | €186,812 | +€19,157 | +11.4% |
| Equity | 10/15 | €104,117 | €119,723 | +€15,606 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,731 | €101,123 | +€13,392 | +15.3% |
| Distributable reserves | 133 | €87,731 | €101,123 | +€13,392 | +15.3% |
| Profit (loss) carried forward | 14 | -€2,214 | - | +€2,214 | |
| Amounts payable | 17/49 | €63,538 | €67,089 | +€3,551 | +5.6% |
| Amounts payable after more than one year | 17 | €4,356 | €10,175 | +€5,818 | +133.6% |
| Financial debts | 170/4 | €4,356 | €10,175 | +€5,818 | +133.6% |
| Amounts payable within one year | 42/48 | €57,211 | €54,129 | -€3,082 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €5,031 | €14,182 | +€9,150 | +181.9% |
| Trade debts | 44 | €32,948 | €16,514 | -€16,434 | -49.9% |
| Suppliers | 440/4 | €32,948 | €16,514 | -€16,434 | -49.9% |
| Taxes, remuneration and social security | 45 | €9,329 | €11,458 | +€2,130 | +22.8% |
| Taxes | 450/3 | €5,140 | €11,458 | +€6,319 | +122.9% |
| Remuneration and social security | 454/9 | €4,189 | - | -€4,189 | |
| Other amounts payable | 47/48 | €9,903 | €11,975 | +€2,072 | +20.9% |
| Accrued charges and deferred income | 492/3 | €1,970 | €2,785 | +€815 | +41.4% |
| Non-recurring operating income | 76A | €11,000 | €31,053 | +€20,053 | +182.3% |
| Remuneration, social security and pensions | 62 | €35,769 | -€0 | -€35,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,803 | €10,642 | -€161 | -1.5% |
| Other operating charges | 640/8 | €1,697 | €2,515 | +€819 | +48.3% |
| Gross operating margin | 9900 | €53,861 | €36,583 | -€17,278 | -32.1% |
| Operating profit (loss) | 9901 | €5,593 | €23,425 | +€17,832 | +318.8% |
| Financial income | 75/76B | €31 | €98 | +€67 | +219.1% |
| Recurring financial income | 75 | €31 | €98 | +€67 | +219.1% |
| Financial charges | 65/66B | €1,282 | €1,189 | -€93 | -7.3% |
| Recurring financial charges | 65 | €1,282 | €1,189 | -€93 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €4,342 | €22,334 | +€17,993 | +414.4% |
| Transfer from deferred taxes | 780 | €35 | - | -€35 | |
| Income taxes | 67/77 | - | €5,428 | +€5,428 | |
| Profit (loss) for the period | 9904 | €4,376 | €16,906 | +€12,530 | +286.3% |
| Transfer from tax-exempt reserves | 789 | €106 | - | -€106 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,482 | €16,906 | +€12,424 | +277.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.