VANCA PROJECTS: 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.
VANCA PROJECTS
Largest movements
- Stocks and contracts -€663,380
down €663,380 (-100%), from €663,380 to €0
- Cash -€656,904
down €656,904 (-64.1%), from €1.0m to €367,121
mainly Other debts (-€494,156) and Receivables within one year (-€270,638)
- Receivables within one year +€270,638
up €270,638 (+908%), from €29,797 to €300,435
of which Trade receivables: +€275,080
- Other debts -€494,156
down €494,156 (-93.6%), from €527,828 to €33,672
- Debts after one year -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tax, wage and social debts -€199,216
down €199,216 (-66.7%), from €298,685 to €99,469
- Trade debts -€99,247
down €99,247 (-82.7%), from €120,023 to €20,776
- Gross operating margin -€41,294
down €41,294, from €37,904 to -€3,391
- Financial charges -€9,662
down €9,662 (-78.4%), from €12,319 to €2,658
- Taxes -€8,243
down €8,243 (-100%), from €8,243 to €0
- Financial income -€3,005
down €3,005 (-48.8%), from €6,158 to €3,153
- Other operating charges +€1,372
up €1,372 (+90.3%), from €1,519 to €2,890
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 | €1,717,292 | €667,556 | -€1.0m | -61.1% |
| Current assets | 29/58 | €1,717,292 | €667,556 | -€1.0m | -61.1% |
| Stocks and contracts in progress | 3 | €663,380 | €0 | -€663,380 | -100% |
| Stocks | 30/36 | €663,380 | €0 | -€663,380 | -100% |
| Amounts receivable within one year | 40/41 | €29,797 | €300,435 | +€270,638 | +908% |
| Trade receivables | 40 | €4,042 | €279,122 | +€275,080 | +6,806% |
| Other amounts receivable | 41 | €25,755 | €21,314 | -€4,442 | -17.2% |
| Cash at bank and in hand | 54/58 | €1,024,025 | €367,121 | -€656,904 | -64.1% |
| Deferred charges and accrued income | 490/1 | €90 | €0 | -€90 | -100% |
| Total equity and liabilities | 10/49 | €1,717,292 | €667,556 | -€1.0m | -61.1% |
| Equity | 10/15 | €519,426 | €513,640 | -€5,786 | -1.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €494,426 | €494,426 | = | 0.0% |
| Distributable reserves | 133 | €494,426 | €494,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,786 | -€5,786 | |
| Amounts payable | 17/49 | €1,197,866 | €153,916 | -€1.0m | -87.2% |
| Amounts payable after more than one year | 17 | €250,000 | €0 | -€250,000 | -100% |
| Financial debts | 170/4 | €250,000 | €0 | -€250,000 | -100% |
| Amounts payable within one year | 42/48 | €947,866 | €153,916 | -€793,951 | -83.8% |
| Trade debts | 44 | €120,023 | €20,776 | -€99,247 | -82.7% |
| Suppliers | 440/4 | €120,023 | €20,776 | -€99,247 | -82.7% |
| Advances received on contracts in progress | 46 | €1,331 | €0 | -€1,331 | -100% |
| Taxes, remuneration and social security | 45 | €298,685 | €99,469 | -€199,216 | -66.7% |
| Taxes | 450/3 | €298,685 | €99,469 | -€199,216 | -66.7% |
| Other amounts payable | 47/48 | €527,828 | €33,672 | -€494,156 | -93.6% |
| Other operating charges | 640/8 | €1,519 | €2,890 | +€1,372 | +90.3% |
| Gross operating margin | 9900 | €37,904 | -€3,391 | -€41,294 | |
| Operating profit (loss) | 9901 | €36,385 | -€6,281 | -€42,666 | |
| Financial income | 75/76B | €6,158 | €3,153 | -€3,005 | -48.8% |
| Recurring financial income | 75 | €6,158 | €3,153 | -€3,005 | -48.8% |
| Financial charges | 65/66B | €12,319 | €2,658 | -€9,662 | -78.4% |
| Recurring financial charges | 65 | €12,319 | €2,658 | -€9,662 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €30,224 | -€5,786 | -€36,009 | |
| Income taxes | 67/77 | €8,243 | €0 | -€8,243 | -100% |
| Profit (loss) for the period | 9904 | €21,981 | -€5,786 | -€27,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,981 | -€5,786 | -€27,766 |
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 21 October 2026 via checked.be.