VANCLA: 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.
VANCLA
Largest movements
- Tangible fixed assets +€274,690
up €274,690 (+58.5%), from €469,563 to €744,253
of which Land and buildings: +€266,115
- Cash +€20,002
up €20,002 (+170%), from €11,798 to €31,800
mainly Debts after one year (+€289,183) and Depreciation (+€77,303)
- Receivables within one year -€9,967
down €9,967 (-53.2%), from €18,744 to €8,777
- Debts after one year +€289,183
up €289,183 (+147%), from €196,138 to €485,322
of which Financial debts: +€289,183
- Other debts -€19,590
down €19,590 (-100%), from €19,590 to €0
- Reserves +€14,000
up €14,000 (+6.4%), from €218,628 to €232,628
of which Distributable reserves: +€14,000
- Current portion of long-term debt +€10,817
new in 2025: €10,817
- Depreciation +€24,616
up €24,616 (+46.7%), from €52,687 to €77,303
- Gross operating margin +€6,563
up €6,563 (+5.6%), from €117,052 to €123,614
- Taxes -€6,206
down €6,206 (-50.1%), from €12,390 to €6,183
- Financial charges -€4,124
down €4,124 (-22.2%), from €18,591 to €14,467
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 | €500,347 | €784,981 | +€284,634 | +56.9% |
| Fixed assets | 21/28 | €469,563 | €744,253 | +€274,690 | +58.5% |
| Tangible fixed assets | 22/27 | €469,563 | €744,253 | +€274,690 | +58.5% |
| Land and buildings | 22 | €456,946 | €723,061 | +€266,115 | +58.2% |
| Plant, machinery and equipment | 23 | €9,898 | €19,177 | +€9,279 | +93.7% |
| Furniture and vehicles | 24 | €2,719 | €2,015 | -€703 | -25.9% |
| Current assets | 29/58 | €30,784 | €40,728 | +€9,944 | +32.3% |
| Amounts receivable within one year | 40/41 | €18,744 | €8,777 | -€9,967 | -53.2% |
| Other amounts receivable | 41 | €18,744 | €8,777 | -€9,967 | -53.2% |
| Cash at bank and in hand | 54/58 | €11,798 | €31,800 | +€20,002 | +170% |
| Deferred charges and accrued income | 490/1 | €241 | €150 | -€91 | -37.7% |
| Total equity and liabilities | 10/49 | €500,347 | €784,981 | +€284,634 | +56.9% |
| Equity | 10/15 | €255,160 | €269,171 | +€14,011 | +5.5% |
| Contributions | 10/11 | €61,740 | €61,740 | = | 0.0% |
| Capital | 10 | €61,740 | €61,740 | = | 0.0% |
| Issued capital | 100 | €61,740 | €61,740 | = | 0.0% |
| Reserves | 13 | €218,628 | €232,628 | +€14,000 | +6.4% |
| Non-distributable reserves | 130/1 | €3,582 | €3,582 | = | 0.0% |
| Legal reserve | 130 | €3,582 | €3,582 | = | 0.0% |
| Distributable reserves | 133 | €215,046 | €229,046 | +€14,000 | +6.5% |
| Profit (loss) carried forward | 14 | -€25,208 | -€25,197 | +€11 | 0.0% |
| Amounts payable | 17/49 | €245,188 | €515,810 | +€270,623 | +110% |
| Amounts payable after more than one year | 17 | €196,138 | €485,322 | +€289,183 | +147% |
| Financial debts | 170/4 | - | €289,183 | +€289,183 | |
| Other amounts payable | 178/9 | €196,138 | €196,138 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,953 | €16,602 | -€14,351 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,817 | +€10,817 | |
| Trade debts | 44 | €3,349 | €0 | -€3,349 | -100% |
| Suppliers | 440/4 | €3,349 | €0 | -€3,349 | -100% |
| Taxes, remuneration and social security | 45 | €8,015 | €5,785 | -€2,229 | -27.8% |
| Taxes | 450/3 | €8,015 | €5,785 | -€2,229 | -27.8% |
| Other amounts payable | 47/48 | €19,590 | €0 | -€19,590 | -100% |
| Accrued charges and deferred income | 492/3 | €18,096 | €13,887 | -€4,210 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,687 | €77,303 | +€24,616 | +46.7% |
| Other operating charges | 640/8 | €11,307 | €11,650 | +€343 | +3.0% |
| Gross operating margin | 9900 | €117,052 | €123,614 | +€6,563 | +5.6% |
| Operating profit (loss) | 9901 | €53,058 | €34,661 | -€18,397 | -34.7% |
| Financial income | 75/76B | €482 | €0 | -€482 | -100% |
| Recurring financial income | 75 | €482 | €0 | -€482 | -100% |
| Financial charges | 65/66B | €18,591 | €14,467 | -€4,124 | -22.2% |
| Recurring financial charges | 65 | €18,591 | €14,467 | -€4,124 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €34,949 | €20,194 | -€14,755 | -42.2% |
| Income taxes | 67/77 | €12,390 | €6,183 | -€6,206 | -50.1% |
| Profit (loss) for the period | 9904 | €22,559 | €14,011 | -€8,548 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,559 | €14,011 | -€8,548 | -37.9% |
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.