Vanbreda Agencies: 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.
Vanbreda Agencies
Largest movements
- Cash +€1.1m
up €1.1m (+109%), from €1.0m to €2.2m
mainly Contributions, distributions and other (+€1.4m) and Trade debts (+€127,182)
- Tangible fixed assets +€71,690
up €71,690 (+5,210%), from €1,376 to €73,066
of which Assets under construction and advance payments: +€72,600
- Intangible fixed assets -€64,948
down €64,948 (-26.4%), from €245,602 to €180,654
- Contributions +€1.4m
up €1.4m (+91.7%), from €1.5m to €2.9m
- Profit (loss) carried forward -€382,335
down €382,335 (-49.7%), from -€769,985 to -€1.2m
- Trade debts +€127,182
up €127,182 (+14.2%), from €897,249 to €1.0m
- Turnover -€51,747
down €51,747 (-61.1%), from €84,681 to €32,933
- Gross operating margin -€50,353
down €50,353 (-89.0%), from -€56,547 to -€106,899
- Staff costs +€9,137
up €9,137 (+5.3%), from €172,855 to €181,992
- Depreciation +€5,648
up €5,648 (+6.6%), from €86,216 to €91,865
- Purchases and services -€1,395
down €1,395 (-1.0%), from €141,227 to €139,833
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 | €1,685,004 | €2,805,741 | +€1.1m | +66.5% |
| Fixed assets | 21/28 | €246,978 | €253,720 | +€6,742 | +2.7% |
| Intangible fixed assets | 21 | €245,602 | €180,654 | -€64,948 | -26.4% |
| Tangible fixed assets | 22/27 | €1,376 | €73,066 | +€71,690 | +5,210% |
| Other tangible fixed assets | 26 | €1,376 | €466 | -€910 | -66.1% |
| Assets under construction and advance payments | 27 | - | €72,600 | +€72,600 | |
| Current assets | 29/58 | €1,438,026 | €2,552,021 | +€1.1m | +77.5% |
| Amounts receivable within one year | 40/41 | €389,911 | €365,603 | -€24,308 | -6.2% |
| Trade receivables | 40 | €389,911 | €365,603 | -€24,308 | -6.2% |
| Cash at bank and in hand | 54/58 | €1,041,056 | €2,179,669 | +€1.1m | +109% |
| Deferred charges and accrued income | 490/1 | €7,059 | €6,749 | -€310 | -4.4% |
| Total equity and liabilities | 10/49 | €1,685,004 | €2,805,741 | +€1.1m | +66.5% |
| Equity | 10/15 | €730,015 | €1,722,680 | +€992,665 | +136% |
| Contributions | 10/11 | €1,500,000 | €2,875,000 | +€1.4m | +91.7% |
| Capital | 10 | €1,500,000 | €2,875,000 | +€1.4m | +91.7% |
| Issued capital | 100 | €1,500,000 | €2,875,000 | +€1.4m | +91.7% |
| Profit (loss) carried forward | 14 | -€769,985 | -€1,152,320 | -€382,335 | -49.7% |
| Amounts payable | 17/49 | €954,988 | €1,083,061 | +€128,072 | +13.4% |
| Amounts payable within one year | 42/48 | €954,988 | €1,083,061 | +€128,072 | +13.4% |
| Trade debts | 44 | €897,249 | €1,024,431 | +€127,182 | +14.2% |
| Suppliers | 440/4 | €897,249 | €1,024,431 | +€127,182 | +14.2% |
| Taxes, remuneration and social security | 45 | €57,739 | €58,630 | +€891 | +1.5% |
| Taxes | 450/3 | €3,607 | €2,650 | -€956 | -26.5% |
| Remuneration and social security | 454/9 | €54,133 | €55,979 | +€1,847 | +3.4% |
| Turnover | 70 | €84,681 | €32,933 | -€51,747 | -61.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €141,227 | €139,833 | -€1,395 | -1.0% |
| Remuneration, social security and pensions | 62 | €172,855 | €181,992 | +€9,137 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,216 | €91,865 | +€5,648 | +6.6% |
| Other operating charges | 640/8 | €505 | €1,118 | +€613 | +121% |
| Gross operating margin | 9900 | -€56,547 | -€106,899 | -€50,353 | -89.0% |
| Operating profit (loss) | 9901 | -€316,124 | -€381,875 | -€65,751 | -20.8% |
| Financial charges | 65/66B | €181 | €121 | -€60 | -33.2% |
| Recurring financial charges | 65 | €181 | €121 | -€60 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€316,304 | -€381,996 | -€65,691 | -20.8% |
| Income taxes | 67/77 | €327 | €340 | +€13 | +3.9% |
| Profit (loss) for the period | 9904 | -€316,631 | -€382,335 | -€65,704 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,631 | -€382,335 | -€65,704 | -20.8% |
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 24 October 2026 via checked.be.