VANCOILLIE: 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.
VANCOILLIE
Largest movements
- Receivables within one year -€804,632
down €804,632 (-30.5%), from €2.6m to €1.8m
of which Trade receivables: -€684,656
- Stocks and contracts -€266,965
no longer reported in 2025 (was €266,965)
- Tangible fixed assets -€45,778
down €45,778 (-21.8%), from €210,336 to €164,558
of which Leasing and similar rights: -€30,268
- Cash -€37,974
down €37,974 (-9.6%), from €396,701 to €358,728
mainly Trade debts (-€1.7m) and Contributions, distributions and other (-€136,360)
- Trade debts -€1.7m
down €1.7m (-62.7%), from €2.7m to €994,918
- Reserves +€326,895
up €326,895 (+52.0%), from €628,405 to €955,300
of which Distributable reserves: +€326,895
- Tax, wage and social debts +€220,976
up €220,976 (+6,128%), from €3,606 to €224,582
of which Taxes: +€222,588
- Gross operating margin -€114,957
down €114,957 (-12.5%), from €918,523 to €803,566
- Taxes +€63,107
up €63,107 (+52.6%), from €120,023 to €183,130
- Other operating charges +€12,627
up €12,627 (+235%), from €5,362 to €17,989
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 | €3,524,062 | €2,381,561 | -€1.1m | -32.4% |
| Fixed assets | 21/28 | €210,336 | €164,558 | -€45,778 | -21.8% |
| Tangible fixed assets | 22/27 | €210,336 | €164,558 | -€45,778 | -21.8% |
| Land and buildings | 22 | €108,063 | €92,626 | -€15,438 | -14.3% |
| Plant, machinery and equipment | 23 | €1,969 | €2,702 | +€733 | +37.2% |
| Furniture and vehicles | 24 | €38,556 | €37,750 | -€806 | -2.1% |
| Leasing and similar rights | 25 | €61,748 | €31,480 | -€30,268 | -49.0% |
| Current assets | 29/58 | €3,313,726 | €2,217,004 | -€1.1m | -33.1% |
| Stocks and contracts in progress | 3 | €266,965 | - | -€266,965 | |
| Stocks | 30/36 | €266,965 | - | -€266,965 | |
| Amounts receivable within one year | 40/41 | €2,638,958 | €1,834,326 | -€804,632 | -30.5% |
| Trade receivables | 40 | €2,453,556 | €1,768,901 | -€684,656 | -27.9% |
| Other amounts receivable | 41 | €185,402 | €65,425 | -€119,977 | -64.7% |
| Cash at bank and in hand | 54/58 | €396,701 | €358,728 | -€37,974 | -9.6% |
| Deferred charges and accrued income | 490/1 | €11,101 | €23,950 | +€12,850 | +116% |
| Total equity and liabilities | 10/49 | €3,524,062 | €2,381,561 | -€1.1m | -32.4% |
| Equity | 10/15 | €779,847 | €1,106,742 | +€326,895 | +41.9% |
| Contributions | 10/11 | €151,442 | €151,442 | = | 0.0% |
| Reserves | 13 | €628,405 | €955,300 | +€326,895 | +52.0% |
| Non-distributable reserves | 130/1 | €17,698 | €17,698 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,698 | €17,698 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,127 | €4,127 | = | 0.0% |
| Distributable reserves | 133 | €606,580 | €933,476 | +€326,895 | +53.9% |
| Amounts payable | 17/49 | €2,744,215 | €1,274,819 | -€1.5m | -53.5% |
| Amounts payable after more than one year | 17 | €40,320 | €18,616 | -€21,704 | -53.8% |
| Financial debts | 170/4 | €40,320 | €18,616 | -€21,704 | -53.8% |
| Amounts payable within one year | 42/48 | €2,703,895 | €1,241,204 | -€1.5m | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €30,177 | €21,704 | -€8,473 | -28.1% |
| Trade debts | 44 | €2,670,112 | €994,918 | -€1.7m | -62.7% |
| Suppliers | 440/4 | €2,670,112 | €994,918 | -€1.7m | -62.7% |
| Taxes, remuneration and social security | 45 | €3,606 | €224,582 | +€220,976 | +6,128% |
| Taxes | 450/3 | €18 | €222,606 | +€222,588 | +1,246,990% |
| Remuneration and social security | 454/9 | €3,588 | €1,976 | -€1,612 | -44.9% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €89,155 | €82,543 | -€6,612 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,371 | €49,362 | +€5,992 | +13.8% |
| Other operating charges | 640/8 | €5,362 | €17,989 | +€12,627 | +235% |
| Gross operating margin | 9900 | €918,523 | €803,566 | -€114,957 | -12.5% |
| Operating profit (loss) | 9901 | €780,636 | €653,672 | -€126,964 | -16.3% |
| Financial income | 75/76B | €3,270 | €2,743 | -€527 | -16.1% |
| Recurring financial income | 75 | €3,270 | €2,743 | -€527 | -16.1% |
| Financial charges | 65/66B | €13,344 | €10,030 | -€3,314 | -24.8% |
| Recurring financial charges | 65 | €13,344 | €10,030 | -€3,314 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €770,562 | €646,385 | -€124,177 | -16.1% |
| Income taxes | 67/77 | €120,023 | €183,130 | +€63,107 | +52.6% |
| Profit (loss) for the period | 9904 | €650,539 | €463,256 | -€187,284 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €650,539 | €463,256 | -€187,284 | -28.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.