VANCO: 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.
VANCO
Largest movements
- Tangible fixed assets +€150,338
new in 2024: €150,338
of which Furniture and vehicles: +€90,843
- Cash +€46,730
up €46,730 (+126.0%), from €37,077 to €83,807
mainly Net result for the year (+€93,191) and Current portion of long-term debt (+€46,189)
- Receivables within one year +€10,591
up €10,591 (+93.1%), from €11,370 to €21,961
of which Trade receivables: +€9,680
- Profit (loss) carried forward +€93,191
up €93,191 (+329.1%), from €28,313 to €121,505
- Current portion of long-term debt +€46,189
new in 2024: €46,189
- Other debts +€42,579
up €42,579 (+177337.8%), from €24 to €42,603
- Tax, wage and social debts +€19,482
up €19,482 (+243.5%), from €8,001 to €27,483
of which Taxes: +€16,522
- Trade debts +€6,219
up €6,219 (+87.5%), from €7,109 to €13,327
- Gross operating margin +€87,396
up €87,396 (+197.4%), from €44,282 to €131,678
- Taxes +€16,804
up €16,804 (+217.7%), from €7,719 to €24,523
- Depreciation +€11,251
new in 2024: €11,251
- Other operating charges +€1,679
new in 2024: €1,679
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,447 | €256,107 | +€207,659 | +428.6% |
| Fixed assets | 21/28 | - | €150,338 | +€150,338 | |
| Tangible fixed assets | 22/27 | - | €150,338 | +€150,338 | |
| Land and buildings | 22 | - | €59,495 | +€59,495 | |
| Furniture and vehicles | 24 | - | €90,843 | +€90,843 | |
| Current assets | 29/58 | €48,447 | €105,768 | +€57,321 | +118.3% |
| Amounts receivable within one year | 40/41 | €11,370 | €21,961 | +€10,591 | +93.1% |
| Trade receivables | 40 | €8,570 | €18,250 | +€9,680 | +113.0% |
| Other amounts receivable | 41 | €2,800 | €3,711 | +€911 | +32.5% |
| Cash at bank and in hand | 54/58 | €37,077 | €83,807 | +€46,730 | +126.0% |
| Total equity and liabilities | 10/49 | €48,447 | €256,107 | +€207,659 | +428.6% |
| Equity | 10/15 | €33,313 | €126,505 | +€93,191 | +279.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,313 | €121,505 | +€93,191 | +329.1% |
| Amounts payable | 17/49 | €15,134 | €129,602 | +€114,468 | +756.4% |
| Amounts payable within one year | 42/48 | €15,134 | €129,602 | +€114,468 | +756.4% |
| Current portion of amounts payable after more than one year | 42 | - | €46,189 | +€46,189 | |
| Trade debts | 44 | €7,109 | €13,327 | +€6,219 | +87.5% |
| Suppliers | 440/4 | €7,109 | €13,327 | +€6,219 | +87.5% |
| Taxes, remuneration and social security | 45 | €8,001 | €27,483 | +€19,482 | +243.5% |
| Taxes | 450/3 | €8,001 | €24,523 | +€16,522 | +206.5% |
| Remuneration and social security | 454/9 | - | €2,960 | +€2,960 | |
| Other amounts payable | 47/48 | €24 | €42,603 | +€42,579 | +177337.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,251 | +€11,251 | |
| Other operating charges | 640/8 | - | €1,679 | +€1,679 | |
| Gross operating margin | 9900 | €44,282 | €131,678 | +€87,396 | +197.4% |
| Operating profit (loss) | 9901 | €44,282 | €118,749 | +€74,467 | +168.2% |
| Financial charges | 65/66B | €0 | €1,035 | +€1,035 | +689733.3% |
| Recurring financial charges | 65 | €0 | €1,035 | +€1,035 | +689733.3% |
| Profit (loss) for the period before taxes | 9903 | €44,282 | €117,714 | +€73,432 | +165.8% |
| Income taxes | 67/77 | €7,719 | €24,523 | +€16,804 | +217.7% |
| Profit (loss) for the period | 9904 | €36,563 | €93,191 | +€56,628 | +154.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,563 | €93,191 | +€56,628 | +154.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.