VANCOHOME: 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.
What changed
VANCOHOME
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,900
2024 · -€154,063+€224,963
Equity
€209,688
2024 · €138,788+€70,900
Cash
€166,646
2024 · €29,430+€137,216
Balance sheet total
€9.3m
2024 · €9.0m+€332,834
Largest movements
Assets
- Tangible fixed assets +€179,598
up €179,598 (+3.3%), from €5.4m to €5.6m
of which Land and buildings: +€221,738
- Cash +€137,216
up €137,216 (+466.2%), from €29,430 to €166,646
mainly Debts after one year (+€189,947) and Depreciation (+€128,834)
Equity and liabilities
- Debts after one year +€189,947
up €189,947 (+2.3%), from €8.4m to €8.6m
of which Other amounts payable: +€351,022
Income statement
- Gross operating margin +€165,628
up €165,628 (+32.4%), from €510,647 to €676,275
- Depreciation -€154,769
down €154,769 (-54.6%), from €283,603 to €128,834
- Financial charges +€92,297
up €92,297 (+24.6%), from €375,373 to €467,670
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.
Result 2024
-€154,063
Gross operating margin
+€165,628
Depreciation
+€154,769
Other operating charges
-€1,276
Financial income
-€1,756
Financial charges
-€92,297
Taxes
-€106
Result 2025
€70,900
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.
From operations
+€246,772
Investment
-€304,908
Financing
+€195,353
Cash 2024
€29,430
From operations (derived)
+€246,772
Net result for the year
+€70,900
Depreciation
+€128,834
Receivables within one year
-€21,677
Deferred charges and accrued income
+€2,132
Trade debts
-€25,993
Tax, wage and social debts
-€9
Other debts
+€87,301
Accrued charges and deferred income
+€5,284
Investment (derived)
-€304,908
Investment in fixed assets (net)
-€304,908
Financing
+€195,353
Debts after one year
+€189,947
Current portion of long-term debt
+€5,405
Cash 2025
€166,646
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,003,437 | €9,336,271 | +€332,834 | +3.7% |
| Fixed assets | 21/28 | €8,891,813 | €9,067,887 | +€176,074 | +2.0% |
| Tangible fixed assets | 22/27 | €5,375,091 | €5,554,689 | +€179,598 | +3.3% |
| Land and buildings | 22 | €5,197,089 | €5,418,827 | +€221,738 | +4.3% |
| Furniture and vehicles | 24 | €159,675 | €124,213 | -€35,462 | -22.2% |
| Assets under construction and advance payments | 27 | €18,328 | €11,649 | -€6,678 | -36.4% |
| Financial fixed assets | 28 | €3,516,723 | €3,513,198 | -€3,525 | -0.1% |
| Current assets | 29/58 | €111,623 | €268,384 | +€156,761 | +140.4% |
| Amounts receivable within one year | 40/41 | €77,429 | €99,106 | +€21,677 | +28.0% |
| Trade receivables | 40 | €48,064 | €70,889 | +€22,826 | +47.5% |
| Other amounts receivable | 41 | €29,366 | €28,216 | -€1,149 | -3.9% |
| Cash at bank and in hand | 54/58 | €29,430 | €166,646 | +€137,216 | +466.2% |
| Deferred charges and accrued income | 490/1 | €4,764 | €2,632 | -€2,132 | -44.7% |
| Total equity and liabilities | 10/49 | €9,003,437 | €9,336,271 | +€332,834 | +3.7% |
| Equity | 10/15 | €138,788 | €209,688 | +€70,900 | +51.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €38,788 | €109,688 | +€70,900 | +182.8% |
| Non-distributable reserves | 130/1 | €922 | €922 | = | 0.0% |
| Reserves not available under the articles | 1311 | €922 | €922 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,088 | €8,088 | = | 0.0% |
| Distributable reserves | 133 | €29,778 | €100,678 | +€70,900 | +238.1% |
| Amounts payable | 17/49 | €8,864,649 | €9,126,583 | +€261,934 | +3.0% |
| Amounts payable after more than one year | 17 | €8,389,357 | €8,579,304 | +€189,947 | +2.3% |
| Financial debts | 170/4 | €1,385,493 | €1,224,418 | -€161,075 | -11.6% |
| Other amounts payable | 178/9 | €7,003,863 | €7,354,886 | +€351,022 | +5.0% |
| Amounts payable within one year | 42/48 | €474,208 | €540,912 | +€66,703 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €155,669 | €161,075 | +€5,405 | +3.5% |
| Trade debts | 44 | €30,908 | €4,915 | -€25,993 | -84.1% |
| Suppliers | 440/4 | €30,908 | €4,915 | -€25,993 | -84.1% |
| Taxes, remuneration and social security | 45 | €1,812 | €1,803 | -€9 | -0.5% |
| Taxes | 450/3 | €1,812 | €1,803 | -€9 | -0.5% |
| Other amounts payable | 47/48 | €285,819 | €373,119 | +€87,301 | +30.5% |
| Accrued charges and deferred income | 492/3 | €1,084 | €6,367 | +€5,284 | +487.6% |
| Non-recurring operating income | 76A | €22,023 | €0 | -€22,023 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,603 | €128,834 | -€154,769 | -54.6% |
| Other operating charges | 640/8 | €8,822 | €10,098 | +€1,276 | +14.5% |
| Gross operating margin | 9900 | €510,647 | €676,275 | +€165,628 | +32.4% |
| Operating profit (loss) | 9901 | €218,222 | €537,343 | +€319,121 | +146.2% |
| Financial income | 75/76B | €3,781 | €2,025 | -€1,756 | -46.4% |
| Recurring financial income | 75 | €3,781 | €2,025 | -€1,756 | -46.4% |
| Financial charges | 65/66B | €375,373 | €467,670 | +€92,297 | +24.6% |
| Recurring financial charges | 65 | €375,373 | €467,670 | +€92,297 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€153,370 | €71,698 | +€225,069 | |
| Income taxes | 67/77 | €693 | €799 | +€106 | +15.3% |
| Profit (loss) for the period | 9904 | -€154,063 | €70,900 | +€224,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€154,063 | €70,900 | +€224,963 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.