Vanbreda Assutron: 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 Assutron
Largest movements
- Current investments +€900,000
new in 2025: €900,000
- Tangible fixed assets -€136,800
down €136,800 (-57.1%), from €239,630 to €102,831
of which Land and buildings: -€99,729
- Receivables within one year -€132,660
down €132,660 (-51.8%), from €256,138 to €123,479
of which Other amounts receivable: -€123,489
- Intangible fixed assets -€103,971
down €103,971 (-17.1%), from €608,580 to €504,609
- Cash +€30,477
up €30,477 (+11.9%), from €256,974 to €287,451
mainly Net result for the year (+€701,923) and Receivables within one year (+€132,660)
- Profit (loss) carried forward +€700,257
up €700,257 (+196%), from €356,679 to €1.1m
- Debts after one year -€138,192
down €138,192 (-28.4%), from €486,135 to €347,943
- Current portion of long-term debt -€26,885
down €26,885 (-32.3%), from €83,305 to €56,420
- Trade debts +€25,058
up €25,058 (+42.6%), from €58,756 to €83,815
- Financial income +€624,375
up €624,375 (+13,883%), from €4,497 to €628,872
of which Non-recurring financial income: +€628,384
- Taxes +€129,606
up €129,606 (+198%), from €65,394 to €195,000
- Gross operating margin +€51,157
up €51,157 (+5.9%), from €868,625 to €919,782
- Depreciation -€37,512
down €37,512 (-22.4%), from €167,808 to €130,296
- Staff costs +€34,217
up €34,217 (+7.5%), from €454,070 to €488,287
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 | €1,383,718 | €1,940,805 | +€557,087 | +40.3% |
| Fixed assets | 21/28 | €848,240 | €607,469 | -€240,771 | -28.4% |
| Intangible fixed assets | 21 | €608,580 | €504,609 | -€103,971 | -17.1% |
| Tangible fixed assets | 22/27 | €239,630 | €102,831 | -€136,800 | -57.1% |
| Land and buildings | 22 | €99,729 | - | -€99,729 | |
| Plant, machinery and equipment | 23 | €26,881 | €17,705 | -€9,176 | -34.1% |
| Furniture and vehicles | 24 | €113,020 | €65,922 | -€47,099 | -41.7% |
| Other tangible fixed assets | 26 | - | €19,203 | +€19,203 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €535,478 | €1,333,336 | +€797,858 | +149% |
| Amounts receivable within one year | 40/41 | €256,138 | €123,479 | -€132,660 | -51.8% |
| Trade receivables | 40 | €131,251 | €122,080 | -€9,171 | -7.0% |
| Other amounts receivable | 41 | €124,887 | €1,398 | -€123,489 | -98.9% |
| Current investments | 50/53 | - | €900,000 | +€900,000 | |
| Cash at bank and in hand | 54/58 | €256,974 | €287,451 | +€30,477 | +11.9% |
| Deferred charges and accrued income | 490/1 | €22,366 | €22,407 | +€40 | +0.2% |
| Total equity and liabilities | 10/49 | €1,383,718 | €1,940,805 | +€557,087 | +40.3% |
| Equity | 10/15 | €533,999 | €1,234,255 | +€700,257 | +131% |
| Contributions | 10/11 | €20,457 | €20,457 | = | 0.0% |
| Reserves | 13 | €156,863 | €156,863 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,176 | €1,176 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,176 | €1,176 | = | 0.0% |
| Distributable reserves | 133 | €155,687 | €155,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356,679 | €1,056,936 | +€700,257 | +196% |
| Amounts payable | 17/49 | €849,719 | €706,549 | -€143,170 | -16.8% |
| Amounts payable after more than one year | 17 | €486,135 | €347,943 | -€138,192 | -28.4% |
| Financial debts | 170/4 | €486,135 | €347,943 | -€138,192 | -28.4% |
| Amounts payable within one year | 42/48 | €363,585 | €358,606 | -€4,978 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €83,305 | €56,420 | -€26,885 | -32.3% |
| Trade debts | 44 | €58,756 | €83,815 | +€25,058 | +42.6% |
| Suppliers | 440/4 | €58,756 | €83,815 | +€25,058 | +42.6% |
| Taxes, remuneration and social security | 45 | €67,384 | €61,892 | -€5,493 | -8.2% |
| Taxes | 450/3 | €16,217 | €10,082 | -€6,134 | -37.8% |
| Remuneration and social security | 454/9 | €51,167 | €51,809 | +€642 | +1.3% |
| Other amounts payable | 47/48 | €154,139 | €156,481 | +€2,341 | +1.5% |
| Remuneration, social security and pensions | 62 | €454,070 | €488,287 | +€34,217 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,808 | €130,296 | -€37,512 | -22.4% |
| Other operating charges | 640/8 | €2,741 | €4,153 | +€1,412 | +51.5% |
| Non-recurring operating charges | 66A | - | €5,966 | +€5,966 | |
| Gross operating margin | 9900 | €868,625 | €919,782 | +€51,157 | +5.9% |
| Operating profit (loss) | 9901 | €244,006 | €291,079 | +€47,073 | +19.3% |
| Financial income | 75/76B | €4,497 | €628,872 | +€624,375 | +13,883% |
| Recurring financial income | 75 | €4,497 | €488 | -€4,009 | -89.1% |
| Non-recurring financial income | 76B | - | €628,384 | +€628,384 | |
| Financial charges | 65/66B | €15,006 | €23,029 | +€8,022 | +53.5% |
| Recurring financial charges | 65 | €15,006 | €23,029 | +€8,022 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €233,497 | €896,923 | +€663,425 | +284% |
| Income taxes | 67/77 | €65,394 | €195,000 | +€129,606 | +198% |
| Profit (loss) for the period | 9904 | €168,103 | €701,923 | +€533,819 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €168,103 | €701,923 | +€533,819 | +318% |
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 29 October 2026 via checked.be.