VANBRUSSELEN: 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.
VANBRUSSELEN
Largest movements
- Cash +€25,777
up €25,777 (+207.5%), from €12,421 to €38,197
mainly Net result for the year (+€41,216) and Depreciation (+€19,659)
- Tangible fixed assets -€17,565
down €17,565 (-14.6%), from €120,151 to €102,586
of which Leasing and similar rights: -€13,200
- Receivables within one year -€7,781
down €7,781 (-36.2%), from €21,496 to €13,715
of which Trade receivables: -€5,994
- Deferred charges and accrued income +€6,024
up €6,024 (+173.6%), from €3,470 to €9,494
- Stocks and contracts +€6,000
up €6,000 (+66.7%), from €9,000 to €15,000
- Profit (loss) carried forward +€30,649
up €30,649, from -€30,649 to €0
- Debts after one year -€25,829
down €25,829 (-56.4%), from €45,835 to €20,006
of which Financial debts: -€25,829
- Reserves +€10,567
up €10,567 (+153.5%), from €6,883 to €17,451
- Trade debts -€4,526
down €4,526 (-19.8%), from €22,869 to €18,343
- Tax, wage and social debts +€3,825
up €3,825 (+156.6%), from €2,442 to €6,267
of which Taxes: +€2,582
- Gross operating margin +€68,525
up €68,525 (+83.2%), from €82,369 to €150,894
- Other operating charges +€11,809
up €11,809 (+348.5%), from €3,389 to €15,198
- Staff costs +€2,181
up €2,181 (+3.2%), from €68,405 to €70,586
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.
Cash bridge derived
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 | €166,640 | €179,095 | +€12,455 | +7.5% |
| Fixed assets | 21/28 | €120,253 | €102,688 | -€17,565 | -14.6% |
| Tangible fixed assets | 22/27 | €120,151 | €102,586 | -€17,565 | -14.6% |
| Land and buildings | 22 | €17,294 | €15,000 | -€2,295 | -13.3% |
| Plant, machinery and equipment | 23 | €1,602 | €2,637 | +€1,035 | +64.6% |
| Furniture and vehicles | 24 | €4,743 | €1,638 | -€3,105 | -65.5% |
| Leasing and similar rights | 25 | €96,512 | €83,312 | -€13,200 | -13.7% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €46,387 | €76,407 | +€30,020 | +64.7% |
| Stocks and contracts in progress | 3 | €9,000 | €15,000 | +€6,000 | +66.7% |
| Stocks | 30/36 | €9,000 | €15,000 | +€6,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €21,496 | €13,715 | -€7,781 | -36.2% |
| Trade receivables | 40 | €15,954 | €9,960 | -€5,994 | -37.6% |
| Other amounts receivable | 41 | €5,542 | €3,755 | -€1,787 | -32.2% |
| Cash at bank and in hand | 54/58 | €12,421 | €38,197 | +€25,777 | +207.5% |
| Deferred charges and accrued income | 490/1 | €3,470 | €9,494 | +€6,024 | +173.6% |
| Total equity and liabilities | 10/49 | €166,640 | €179,095 | +€12,455 | +7.5% |
| Equity | 10/15 | €18,377 | €59,592 | +€41,216 | +224.3% |
| Contributions | 10/11 | €42,142 | €42,142 | = | 0.0% |
| Reserves | 13 | €6,883 | €17,451 | +€10,567 | +153.5% |
| Distributable reserves | 133 | €6,883 | €17,451 | +€10,567 | +153.5% |
| Profit (loss) carried forward | 14 | -€30,649 | €0 | +€30,649 | |
| Amounts payable | 17/49 | €148,263 | €119,502 | -€28,761 | -19.4% |
| Amounts payable after more than one year | 17 | €45,835 | €20,006 | -€25,829 | -56.4% |
| Financial debts | 170/4 | €45,835 | €20,006 | -€25,829 | -56.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €102,428 | €99,496 | -€2,932 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €28,513 | €25,829 | -€2,683 | -9.4% |
| Trade debts | 44 | €22,869 | €18,343 | -€4,526 | -19.8% |
| Suppliers | 440/4 | €22,869 | €18,343 | -€4,526 | -19.8% |
| Taxes, remuneration and social security | 45 | €2,442 | €6,267 | +€3,825 | +156.6% |
| Taxes | 450/3 | €140 | €2,722 | +€2,582 | +1850.7% |
| Remuneration and social security | 454/9 | €2,302 | €3,545 | +€1,242 | +54.0% |
| Other amounts payable | 47/48 | €48,605 | €49,057 | +€453 | +0.9% |
| Remuneration, social security and pensions | 62 | €68,405 | €70,586 | +€2,181 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,159 | €19,659 | +€500 | +2.6% |
| Other operating charges | 640/8 | €3,389 | €15,198 | +€11,809 | +348.5% |
| Gross operating margin | 9900 | €82,369 | €150,894 | +€68,525 | +83.2% |
| Operating profit (loss) | 9901 | -€8,584 | €45,450 | +€54,034 | |
| Financial income | 75/76B | €0 | €21 | +€21 | +4310.4% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +4310.4% |
| Financial charges | 65/66B | €3,820 | €3,058 | -€762 | -19.9% |
| Recurring financial charges | 65 | €3,820 | €3,058 | -€762 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,403 | €42,414 | +€54,816 | |
| Income taxes | 67/77 | €561 | €1,198 | +€637 | +113.5% |
| Profit (loss) for the period | 9904 | -€12,964 | €41,216 | +€54,180 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,964 | €41,216 | +€54,180 |
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 12 October 2026 via checked.be.