VANCAR: 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.
VANCAR
Largest movements
- Stocks and contracts -€21,976
down €21,976 (-6.7%), from €330,201 to €308,225
- Tangible fixed assets -€10,270
down €10,270 (-8.5%), from €120,440 to €110,169
of which Land and buildings: -€11,096
- Cash +€9,652
up €9,652 (+6.8%), from €141,831 to €151,483
mainly Stocks and contracts (+€21,976) and Depreciation (+€11,509)
- Tax, wage and social debts -€11,385
down €11,385 (-53.3%), from €21,351 to €9,966
- Debts after one year -€10,320
down €10,320 (-13.7%), from €75,080 to €64,760
- Other debts -€6,131
down €6,131 (-6.0%), from €101,539 to €95,408
- Gross operating margin -€16,858
down €16,858 (-37.2%), from €45,318 to €28,460
- Taxes -€3,750
down €3,750 (-71.4%), from €5,250 to €1,500
- Other operating charges +€1,021
up €1,021 (+18.1%), from €5,638 to €6,659
- Financial charges -€581
down €581 (-13.0%), from €4,472 to €3,891
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 | €592,472 | €569,877 | -€22,594 | -3.8% |
| Fixed assets | 21/28 | €120,440 | €110,169 | -€10,270 | -8.5% |
| Tangible fixed assets | 22/27 | €120,440 | €110,169 | -€10,270 | -8.5% |
| Land and buildings | 22 | €120,440 | €109,343 | -€11,096 | -9.2% |
| Plant, machinery and equipment | 23 | - | €826 | +€826 | |
| Current assets | 29/58 | €472,032 | €459,708 | -€12,324 | -2.6% |
| Stocks and contracts in progress | 3 | €330,201 | €308,225 | -€21,976 | -6.7% |
| Stocks | 30/36 | €330,201 | €308,225 | -€21,976 | -6.7% |
| Cash at bank and in hand | 54/58 | €141,831 | €151,483 | +€9,652 | +6.8% |
| Total equity and liabilities | 10/49 | €592,472 | €569,877 | -€22,594 | -3.8% |
| Equity | 10/15 | €383,143 | €388,044 | +€4,901 | +1.3% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €273,143 | €278,044 | +€4,901 | +1.8% |
| Non-distributable reserves | 130/1 | €8,076 | €8,321 | +€245 | +3.0% |
| Other | 1319 | €8,076 | €8,321 | +€245 | +3.0% |
| Distributable reserves | 133 | €265,067 | €269,724 | +€4,656 | +1.8% |
| Amounts payable | 17/49 | €209,329 | €181,833 | -€27,496 | -13.1% |
| Amounts payable after more than one year | 17 | €75,080 | €64,760 | -€10,320 | -13.7% |
| Financial debts | 170/4 | €75,080 | €64,760 | -€10,320 | -13.7% |
| Amounts payable within one year | 42/48 | €134,248 | €117,073 | -€17,176 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €9,314 | €9,698 | +€384 | +4.1% |
| Trade debts | 44 | €2,044 | €2,000 | -€44 | -2.2% |
| Suppliers | 440/4 | €2,044 | €2,000 | -€44 | -2.2% |
| Taxes, remuneration and social security | 45 | €21,351 | €9,966 | -€11,385 | -53.3% |
| Taxes | 450/3 | €21,351 | €9,966 | -€11,385 | -53.3% |
| Other amounts payable | 47/48 | €101,539 | €95,408 | -€6,131 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,581 | €11,509 | -€72 | -0.6% |
| Other operating charges | 640/8 | €5,638 | €6,659 | +€1,021 | +18.1% |
| Gross operating margin | 9900 | €45,318 | €28,460 | -€16,858 | -37.2% |
| Operating profit (loss) | 9901 | €28,099 | €10,292 | -€17,807 | -63.4% |
| Financial charges | 65/66B | €4,472 | €3,891 | -€581 | -13.0% |
| Recurring financial charges | 65 | €4,472 | €3,891 | -€581 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €23,627 | €6,401 | -€17,225 | -72.9% |
| Income taxes | 67/77 | €5,250 | €1,500 | -€3,750 | -71.4% |
| Profit (loss) for the period | 9904 | €18,377 | €4,901 | -€13,475 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,377 | €4,901 | -€13,475 | -73.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.