VANCAWIN: 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.
VANCAWIN
Largest movements
- Tangible fixed assets -€24,767
down €24,767 (-23.4%), from €106,026 to €81,259
of which Land and buildings: -€20,767
- Receivables within one year -€14,617
down €14,617 (-13.2%), from €110,407 to €95,790
of which Other amounts receivable: -€25,296
- Debts after one year -€59,083
down €59,083 (-74.7%), from €79,083 to €20,000
- Tax, wage and social debts -€37,517
down €37,517 (-47.9%), from €78,373 to €40,856
of which Taxes: -€35,743
- Short-term financial debts +€25,000
up €25,000 (+11.1%), from €225,000 to €250,000
- Trade debts +€14,828
up €14,828 (+35.3%), from €41,976 to €56,804
- Other debts +€13,221
up €13,221 (+19.6%), from €67,387 to €80,608
- Gross operating margin +€26,232
up €26,232 (+20.8%), from €126,089 to €152,321
- Staff costs -€4,737
down €4,737 (-4.7%), from €100,434 to €95,696
- Financial charges -€1,702
down €1,702 (-11.2%), from €15,147 to €13,445
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 | €624,447 | €587,964 | -€36,483 | -5.8% |
| Fixed assets | 21/28 | €106,389 | €81,622 | -€24,767 | -23.3% |
| Tangible fixed assets | 22/27 | €106,026 | €81,259 | -€24,767 | -23.4% |
| Land and buildings | 22 | €98,601 | €77,834 | -€20,767 | -21.1% |
| Plant, machinery and equipment | 23 | €1,370 | €520 | -€851 | -62.1% |
| Furniture and vehicles | 24 | €6,055 | €2,904 | -€3,150 | -52.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €518,058 | €506,343 | -€11,716 | -2.3% |
| Stocks and contracts in progress | 3 | €388,131 | €391,134 | +€3,003 | +0.8% |
| Stocks | 30/36 | €388,131 | €391,134 | +€3,003 | +0.8% |
| Amounts receivable within one year | 40/41 | €110,407 | €95,790 | -€14,617 | -13.2% |
| Trade receivables | 40 | €394 | €11,073 | +€10,679 | +2,710% |
| Other amounts receivable | 41 | €110,013 | €84,717 | -€25,296 | -23.0% |
| Cash at bank and in hand | 54/58 | €19,520 | €19,418 | -€102 | -0.5% |
| Total equity and liabilities | 10/49 | €624,447 | €587,964 | -€36,483 | -5.8% |
| Equity | 10/15 | €8,626 | €28,254 | +€19,629 | +228% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €879 | €9,654 | +€8,776 | +999% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €879 | €229 | -€650 | -74.0% |
| Distributable reserves | 133 | €0 | €9,426 | +€9,426 | |
| Profit (loss) carried forward | 14 | -€10,853 | €0 | +€10,853 | |
| Amounts payable | 17/49 | €615,821 | €559,710 | -€56,112 | -9.1% |
| Amounts payable after more than one year | 17 | €79,083 | €20,000 | -€59,083 | -74.7% |
| Financial debts | 170/4 | €79,083 | €20,000 | -€59,083 | -74.7% |
| Amounts payable within one year | 42/48 | €452,335 | €468,258 | +€15,923 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €18,000 | = | 0.0% |
| Financial debts | 43 | €225,000 | €250,000 | +€25,000 | +11.1% |
| Credit institutions | 430/8 | €225,000 | €250,000 | +€25,000 | +11.1% |
| Trade debts | 44 | €41,976 | €56,804 | +€14,828 | +35.3% |
| Suppliers | 440/4 | €41,976 | €56,804 | +€14,828 | +35.3% |
| Advances received on contracts in progress | 46 | €21,599 | €21,990 | +€391 | +1.8% |
| Taxes, remuneration and social security | 45 | €78,373 | €40,856 | -€37,517 | -47.9% |
| Taxes | 450/3 | €75,423 | €39,681 | -€35,743 | -47.4% |
| Remuneration and social security | 454/9 | €2,950 | €1,175 | -€1,775 | -60.2% |
| Other amounts payable | 47/48 | €67,387 | €80,608 | +€13,221 | +19.6% |
| Accrued charges and deferred income | 492/3 | €84,403 | €71,451 | -€12,952 | -15.3% |
| Remuneration, social security and pensions | 62 | €100,434 | €95,696 | -€4,737 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,127 | €25,659 | -€1,467 | -5.4% |
| Other operating charges | 640/8 | €1,072 | €1,377 | +€304 | +28.4% |
| Gross operating margin | 9900 | €126,089 | €152,321 | +€26,232 | +20.8% |
| Operating profit (loss) | 9901 | -€2,543 | €29,589 | +€32,132 | |
| Financial income | 75/76B | €2,998 | €3,628 | +€630 | +21.0% |
| Recurring financial income | 75 | €2,998 | €3,628 | +€630 | +21.0% |
| Financial charges | 65/66B | €15,147 | €13,445 | -€1,702 | -11.2% |
| Recurring financial charges | 65 | €15,147 | €13,445 | -€1,702 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,691 | €19,773 | +€34,464 | |
| Income taxes | 67/77 | €241 | €144 | -€97 | -40.3% |
| Profit (loss) for the period | 9904 | -€14,932 | €19,629 | +€34,561 | |
| Transfer from tax-exempt reserves | 789 | €551 | €650 | +€99 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,381 | €20,279 | +€34,660 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.