Vanbuild: what changed
Two fiscal 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.
Vanbuild
Largest movements
- Tangible fixed assets +€40,148
up €40,148 (+8.9%), from €452,660 to €492,808
of which Furniture and vehicles: +€51,287
- Receivables within one year +€15,108
up €15,108, from €0 to €15,108
of which Trade receivables: +€13,301
- Cash +€12,755
up €12,755 (+12.7%), from €100,341 to €113,096
mainly Other debts (+€124,007) and Net result for the year (+€46,931)
- Other debts +€124,007
up €124,007 (+2147.9%), from €5,773 to €129,780
- Reserves -€89,361
down €89,361 (-47.1%), from €189,791 to €100,430
- Debts after one year +€10,961
up €10,961 (+3.6%), from €306,504 to €317,465
- Trade debts +€9,384
up €9,384 (+3979.1%), from €236 to €9,620
- Current portion of long-term debt +€8,235
up €8,235 (+25.4%), from €32,421 to €40,656
- Gross operating margin +€26,112
up €26,112 (+27.3%), from €95,731 to €121,843
- Taxes +€8,268
up €8,268 (+52.2%), from €15,837 to €24,104
- Depreciation -€4,483
down €4,483 (-10.9%), from €41,283 to €36,800
- Financial charges +€2,635
up €2,635 (+30.4%), from €8,653 to €11,288
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 | €553,546 | €621,011 | +€67,465 | +12.2% |
| Fixed assets | 21/28 | €452,660 | €492,808 | +€40,148 | +8.9% |
| Tangible fixed assets | 22/27 | €452,660 | €492,808 | +€40,148 | +8.9% |
| Land and buildings | 22 | €412,925 | €401,553 | -€11,372 | -2.8% |
| Plant, machinery and equipment | 23 | €8,180 | €5,083 | -€3,097 | -37.9% |
| Furniture and vehicles | 24 | €25,084 | €76,371 | +€51,287 | +204.5% |
| Other tangible fixed assets | 26 | €6,470 | €9,801 | +€3,330 | +51.5% |
| Current assets | 29/58 | €100,886 | €128,204 | +€27,318 | +27.1% |
| Amounts receivable within one year | 40/41 | €0 | €15,108 | +€15,108 | |
| Trade receivables | 40 | €0 | €13,301 | +€13,301 | |
| Other amounts receivable | 41 | €0 | €1,807 | +€1,807 | |
| Cash at bank and in hand | 54/58 | €100,341 | €113,096 | +€12,755 | +12.7% |
| Deferred charges and accrued income | 490/1 | €545 | €0 | -€545 | -100.0% |
| Total equity and liabilities | 10/49 | €553,546 | €621,011 | +€67,465 | +12.2% |
| Equity | 10/15 | €202,291 | €112,930 | -€89,361 | -44.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €189,791 | €100,430 | -€89,361 | -47.1% |
| Distributable reserves | 133 | €189,791 | €100,430 | -€89,361 | -47.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €351,255 | €508,081 | +€156,826 | +44.6% |
| Amounts payable after more than one year | 17 | €306,504 | €317,465 | +€10,961 | +3.6% |
| Financial debts | 170/4 | €306,504 | €317,465 | +€10,961 | +3.6% |
| Amounts payable within one year | 42/48 | €44,751 | €190,616 | +€145,865 | +325.9% |
| Current portion of amounts payable after more than one year | 42 | €32,421 | €40,656 | +€8,235 | +25.4% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €236 | €9,620 | +€9,384 | +3979.1% |
| Suppliers | 440/4 | €236 | €9,620 | +€9,384 | +3979.1% |
| Taxes, remuneration and social security | 45 | €6,320 | €10,538 | +€4,218 | +66.7% |
| Taxes | 450/3 | €6,320 | €10,538 | +€4,218 | +66.7% |
| Other amounts payable | 47/48 | €5,773 | €129,780 | +€124,007 | +2147.9% |
| Non-recurring operating income | 76A | €814 | €12,870 | +€12,056 | +1480.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,283 | €36,800 | -€4,483 | -10.9% |
| Other operating charges | 640/8 | €2,214 | €2,665 | +€450 | +20.3% |
| Non-recurring operating charges | 66A | - | €217 | +€217 | |
| Gross operating margin | 9900 | €95,731 | €121,843 | +€26,112 | +27.3% |
| Operating profit (loss) | 9901 | €52,234 | €82,162 | +€29,928 | +57.3% |
| Financial income | 75/76B | €241 | €161 | -€81 | -33.5% |
| Recurring financial income | 75 | €241 | €161 | -€81 | -33.5% |
| Financial charges | 65/66B | €8,653 | €11,288 | +€2,635 | +30.4% |
| Recurring financial charges | 65 | €8,653 | €11,288 | +€2,635 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €43,823 | €71,035 | +€27,212 | +62.1% |
| Income taxes | 67/77 | €15,837 | €24,104 | +€8,268 | +52.2% |
| Profit (loss) for the period | 9904 | €27,986 | €46,931 | +€18,945 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,986 | €46,931 | +€18,945 | +67.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.