VANCALI: 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.
VANCALI
Largest movements
- Tangible fixed assets +€271,110
up €271,110 (+245.8%), from €110,300 to €381,410
of which Land and buildings: +€271,342
- Cash -€48,690
down €48,690 (-70.8%), from €68,783 to €20,093
mainly Investment in fixed assets (net) (-€278,397) and Net result for the year (-€13,180)
- Other debts +€178,820
up €178,820 (+149.0%), from €120,053 to €298,873
- Trade debts +€56,440
up €56,440 (+1584.6%), from €3,562 to €60,002
- Profit (loss) carried forward -€13,180
down €13,180 (-152.8%), from -€8,626 to -€21,806
- Depreciation +€6,734
up €6,734 (+1215.6%), from €554 to €7,287
- Gross operating margin +€2,713
up €2,713 (+33.6%), from -€8,069 to -€5,355
- Other operating charges +€431
new in 2025: €431
- Financial charges +€103
up €103 (+2993.3%), from €3 to €106
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 | €179,989 | €402,069 | +€222,080 | +123.4% |
| Fixed assets | 21/28 | €110,300 | €381,410 | +€271,110 | +245.8% |
| Tangible fixed assets | 22/27 | €110,300 | €381,410 | +€271,110 | +245.8% |
| Land and buildings | 22 | €109,692 | €381,035 | +€271,342 | +247.4% |
| Furniture and vehicles | 24 | €607 | €375 | -€232 | -38.3% |
| Current assets | 29/58 | €69,689 | €20,660 | -€49,030 | -70.4% |
| Amounts receivable within one year | 40/41 | €906 | €566 | -€339 | -37.5% |
| Trade receivables | 40 | - | €534 | +€534 | |
| Other amounts receivable | 41 | €906 | €32 | -€873 | -96.4% |
| Cash at bank and in hand | 54/58 | €68,783 | €20,093 | -€48,690 | -70.8% |
| Total equity and liabilities | 10/49 | €179,989 | €402,069 | +€222,080 | +123.4% |
| Equity | 10/15 | €56,374 | €43,194 | -€13,180 | -23.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,626 | -€21,806 | -€13,180 | -152.8% |
| Amounts payable | 17/49 | €123,615 | €358,875 | +€235,260 | +190.3% |
| Amounts payable within one year | 42/48 | €123,615 | €358,875 | +€235,260 | +190.3% |
| Trade debts | 44 | €3,562 | €60,002 | +€56,440 | +1584.6% |
| Suppliers | 440/4 | €3,562 | €60,002 | +€56,440 | +1584.6% |
| Other amounts payable | 47/48 | €120,053 | €298,873 | +€178,820 | +149.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €7,287 | +€6,734 | +1215.6% |
| Other operating charges | 640/8 | - | €431 | +€431 | |
| Gross operating margin | 9900 | -€8,069 | -€5,355 | +€2,713 | +33.6% |
| Operating profit (loss) | 9901 | -€8,623 | -€13,074 | -€4,451 | -51.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3 | €106 | +€103 | +2993.3% |
| Recurring financial charges | 65 | €3 | €106 | +€103 | +2993.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,626 | -€13,180 | -€4,554 | -52.8% |
| Profit (loss) for the period | 9904 | -€8,626 | -€13,180 | -€4,554 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,626 | -€13,180 | -€4,554 | -52.8% |
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 1 October 2026 via checked.be.