Vanbilloen: what changed
Vanbilloen
Largest movements
- Cash +€101,436
up €101,436 (+288%), from €35,206 to €136,642
mainly Other debts (+€73,898) and Net result for the year (+€56,743)
- Receivables within one year -€53,157
down €53,157 (-36.5%), from €145,723 to €92,566
of which Trade receivables: -€47,791
- Tangible fixed assets -€34,861
down €34,861 (-5.6%), from €627,087 to €592,226
of which Land and buildings: -€27,170
- Stocks and contracts +€10,000
up €10,000 (+22.2%), from €45,000 to €55,000
of which Contracts in progress: +€10,000
- Other debts +€73,898
up €73,898 (+232%), from €31,904 to €105,802
- Debts after one year -€41,528
down €41,528 (-8.6%), from €483,831 to €442,303
- Current portion of long-term debt +€13,750
up €13,750 (+49.5%), from €27,778 to €41,528
- Short-term financial debts -€13,750
down €13,750 (-100%), from €13,750 to €0
- Trade debts -€8,902
down €8,902 (-64.6%), from €13,773 to €4,870
- Depreciation -€17,273
down €17,273 (-31.9%), from €54,216 to €36,943
- Gross operating margin +€14,703
up €14,703 (+8.9%), from €165,125 to €179,828
- Staff costs -€10,851
down €10,851 (-18.5%), from €58,734 to €47,883
- Taxes +€8,711
up €8,711 (+147%), from €5,938 to €14,649
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €855,820 | €877,998 | +€22,178 | +2.6% |
| Fixed assets | 21/28 | €627,087 | €592,226 | -€34,861 | -5.6% |
| Tangible fixed assets | 22/27 | €627,087 | €592,226 | -€34,861 | -5.6% |
| Land and buildings | 22 | €608,007 | €580,837 | -€27,170 | -4.5% |
| Plant, machinery and equipment | 23 | €6,209 | €2,373 | -€3,836 | -61.8% |
| Furniture and vehicles | 24 | €12,870 | €9,016 | -€3,855 | -30.0% |
| Current assets | 29/58 | €228,733 | €285,772 | +€57,039 | +24.9% |
| Stocks and contracts in progress | 3 | €45,000 | €55,000 | +€10,000 | +22.2% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Contracts in progress | 37 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €145,723 | €92,566 | -€53,157 | -36.5% |
| Trade receivables | 40 | €139,587 | €91,796 | -€47,791 | -34.2% |
| Other amounts receivable | 41 | €6,136 | €770 | -€5,366 | -87.5% |
| Cash at bank and in hand | 54/58 | €35,206 | €136,642 | +€101,436 | +288% |
| Deferred charges and accrued income | 490/1 | €2,804 | €1,564 | -€1,240 | -44.2% |
| Total equity and liabilities | 10/49 | €855,820 | €877,998 | +€22,178 | +2.6% |
| Equity | 10/15 | €276,487 | €274,230 | -€2,257 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,860 | €255,360 | -€1,500 | -0.6% |
| Distributable reserves | 133 | €256,860 | €255,360 | -€1,500 | -0.6% |
| Profit (loss) carried forward | 14 | €1,027 | €270 | -€757 | -73.7% |
| Amounts payable | 17/49 | €579,333 | €603,768 | +€24,435 | +4.2% |
| Amounts payable after more than one year | 17 | €483,831 | €442,303 | -€41,528 | -8.6% |
| Financial debts | 170/4 | €483,831 | €442,303 | -€41,528 | -8.6% |
| Amounts payable within one year | 42/48 | €90,269 | €156,653 | +€66,384 | +73.5% |
| Current portion of amounts payable after more than one year | 42 | €27,778 | €41,528 | +€13,750 | +49.5% |
| Financial debts | 43 | €13,750 | €0 | -€13,750 | -100% |
| Other loans | 439 | €13,750 | €0 | -€13,750 | -100% |
| Trade debts | 44 | €13,773 | €4,870 | -€8,902 | -64.6% |
| Suppliers | 440/4 | €13,773 | €4,870 | -€8,902 | -64.6% |
| Taxes, remuneration and social security | 45 | €3,064 | €4,453 | +€1,388 | +45.3% |
| Taxes | 450/3 | €3,064 | €4,453 | +€1,388 | +45.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,904 | €105,802 | +€73,898 | +232% |
| Accrued charges and deferred income | 492/3 | €5,233 | €4,811 | -€421 | -8.1% |
| Remuneration, social security and pensions | 62 | €58,734 | €47,883 | -€10,851 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,216 | €36,943 | -€17,273 | -31.9% |
| Other operating charges | 640/8 | €4,717 | €4,240 | -€477 | -10.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €165,125 | €179,828 | +€14,703 | +8.9% |
| Operating profit (loss) | 9901 | €47,457 | €90,761 | +€43,304 | +91.2% |
| Financial income | 75/76B | €247 | €131 | -€116 | -46.9% |
| Recurring financial income | 75 | €247 | €131 | -€116 | -46.9% |
| Financial charges | 65/66B | €19,137 | €19,500 | +€363 | +1.9% |
| Recurring financial charges | 65 | €19,137 | €19,500 | +€363 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €28,567 | €71,392 | +€42,825 | +150% |
| Income taxes | 67/77 | €5,938 | €14,649 | +€8,711 | +147% |
| Profit (loss) for the period | 9904 | €22,630 | €56,743 | +€34,113 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €22,630 | €56,743 | +€34,113 | +151% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.