Vanclercqenberghe: what changed
Vanclercqenberghe
Largest movements
- Cash +€106,395
up €106,395 (+177%), from €60,036 to €166,431
mainly Net result for the year (+€99,293) and Receivables within one year (+€57,426)
- Receivables within one year -€57,426
down €57,426 (-43.6%), from €131,565 to €74,139
of which Other amounts receivable: -€73,250
- Tangible fixed assets -€9,181
down €9,181 (-5.1%), from €178,989 to €169,808
of which Furniture and vehicles: -€7,304
- Deferred charges and accrued income +€7,467
up €7,467 (+200%), from €3,737 to €11,203
- Reserves +€99,293
new in 2025: €99,293
- Other debts -€38,367
down €38,367 (-13.4%), from €286,834 to €248,466
- Debts after one year -€18,225
down €18,225 (-22.4%), from €81,325 to €63,100
- Trade debts +€12,846
up €12,846 (+266%), from €4,827 to €17,672
- Gross operating margin -€35,448
down €35,448 (-19.6%), from €180,978 to €145,530
- Depreciation -€19,497
down €19,497 (-60.9%), from €32,022 to €12,525
- Taxes -€2,664
down €2,664 (-8.0%), from €33,503 to €30,840
- Financial charges -€2,524
down €2,524 (-43.5%), from €5,806 to €3,282
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,860 | €478,115 | +€47,255 | +11.0% |
| Fixed assets | 21/28 | €235,522 | €226,341 | -€9,181 | -3.9% |
| Tangible fixed assets | 22/27 | €178,989 | €169,808 | -€9,181 | -5.1% |
| Land and buildings | 22 | €167,342 | €165,465 | -€1,877 | -1.1% |
| Furniture and vehicles | 24 | €11,647 | €4,343 | -€7,304 | -62.7% |
| Financial fixed assets | 28 | €56,533 | €56,533 | = | 0.0% |
| Current assets | 29/58 | €195,338 | €251,774 | +€56,436 | +28.9% |
| Amounts receivable within one year | 40/41 | €131,565 | €74,139 | -€57,426 | -43.6% |
| Trade receivables | 40 | €18,423 | €34,247 | +€15,824 | +85.9% |
| Other amounts receivable | 41 | €113,142 | €39,891 | -€73,250 | -64.7% |
| Cash at bank and in hand | 54/58 | €60,036 | €166,431 | +€106,395 | +177% |
| Deferred charges and accrued income | 490/1 | €3,737 | €11,203 | +€7,467 | +200% |
| Total equity and liabilities | 10/49 | €430,860 | €478,115 | +€47,255 | +11.0% |
| Equity | 10/15 | €18,600 | €117,893 | +€99,293 | +534% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €99,293 | +€99,293 | |
| Distributable reserves | 133 | - | €99,293 | +€99,293 | |
| Amounts payable | 17/49 | €412,260 | €360,222 | -€52,038 | -12.6% |
| Amounts payable after more than one year | 17 | €81,325 | €63,100 | -€18,225 | -22.4% |
| Financial debts | 170/4 | €81,325 | €63,100 | -€18,225 | -22.4% |
| Amounts payable within one year | 42/48 | €326,164 | €297,122 | -€29,042 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €18,067 | €18,225 | +€159 | +0.9% |
| Trade debts | 44 | €4,827 | €17,672 | +€12,846 | +266% |
| Suppliers | 440/4 | €4,827 | €17,672 | +€12,846 | +266% |
| Taxes, remuneration and social security | 45 | €16,437 | €12,758 | -€3,679 | -22.4% |
| Taxes | 450/3 | €16,437 | €12,758 | -€3,679 | -22.4% |
| Other amounts payable | 47/48 | €286,834 | €248,466 | -€38,367 | -13.4% |
| Accrued charges and deferred income | 492/3 | €4,771 | - | -€4,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,022 | €12,525 | -€19,497 | -60.9% |
| Other operating charges | 640/8 | €1,331 | €1,398 | +€67 | +5.0% |
| Gross operating margin | 9900 | €180,978 | €145,530 | -€35,448 | -19.6% |
| Operating profit (loss) | 9901 | €147,625 | €131,607 | -€16,018 | -10.9% |
| Financial income | 75/76B | €3,358 | €1,808 | -€1,551 | -46.2% |
| Recurring financial income | 75 | €3,358 | €1,808 | -€1,551 | -46.2% |
| Financial charges | 65/66B | €5,806 | €3,282 | -€2,524 | -43.5% |
| Recurring financial charges | 65 | €5,806 | €3,282 | -€2,524 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €145,177 | €130,133 | -€15,044 | -10.4% |
| Income taxes | 67/77 | €33,503 | €30,840 | -€2,664 | -8.0% |
| Profit (loss) for the period | 9904 | €111,674 | €99,293 | -€12,381 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,674 | €99,293 | -€12,381 | -11.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.