VANCOILLIE PLASTICS: 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 PLASTICS
Largest movements
- Cash -€130,878
down €130,878 (-43.2%), from €303,241 to €172,363
mainly Receivables within one year (-€109,911) and Debts after one year (-€75,000)
- Receivables within one year +€109,911
up €109,911 (+80.0%), from €137,439 to €247,350
of which Trade receivables: +€114,022
- Stocks and contracts +€26,125
up €26,125 (+20.2%), from €129,550 to €155,675
- Tangible fixed assets -€24,589
down €24,589 (-8.7%), from €281,614 to €257,025
of which Furniture and vehicles: -€19,007
- Debts after one year -€75,000
down €75,000 (-37.5%), from €200,000 to €125,000
- Trade debts +€33,795
up €33,795 (+43,327%), from €78 to €33,873
- Advances received +€15,115
new in 2025: €15,115
- Current portion of long-term debt -€12,284
no longer reported in 2025 (was €12,284)
- Reserves +€10,999
up €10,999 (+3.3%), from €334,215 to €345,214
- Staff costs +€22,468
up €22,468 (+71.2%), from €31,548 to €54,016
- Gross operating margin +€19,406
up €19,406 (+11.8%), from €164,881 to €184,287
- Other operating charges -€17,132
down €17,132 (-66.3%), from €25,842 to €8,710
- Financial charges -€9,985
down €9,985 (-47.3%), from €21,127 to €11,142
- Depreciation +€9,788
up €9,788 (+33.4%), from €29,315 to €39,103
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 | €857,403 | €837,934 | -€19,469 | -2.3% |
| Fixed assets | 21/28 | €281,614 | €257,025 | -€24,589 | -8.7% |
| Tangible fixed assets | 22/27 | €281,614 | €257,025 | -€24,589 | -8.7% |
| Land and buildings | 22 | €173,505 | €163,573 | -€9,932 | -5.7% |
| Plant, machinery and equipment | 23 | €22,084 | €26,434 | +€4,350 | +19.7% |
| Furniture and vehicles | 24 | €86,025 | €67,018 | -€19,007 | -22.1% |
| Current assets | 29/58 | €575,789 | €580,909 | +€5,120 | +0.9% |
| Stocks and contracts in progress | 3 | €129,550 | €155,675 | +€26,125 | +20.2% |
| Stocks | 30/36 | €129,550 | €155,675 | +€26,125 | +20.2% |
| Amounts receivable within one year | 40/41 | €137,439 | €247,350 | +€109,911 | +80.0% |
| Trade receivables | 40 | €133,328 | €247,350 | +€114,022 | +85.5% |
| Other amounts receivable | 41 | €4,111 | - | -€4,111 | |
| Cash at bank and in hand | 54/58 | €303,241 | €172,363 | -€130,878 | -43.2% |
| Deferred charges and accrued income | 490/1 | €5,559 | €5,521 | -€38 | -0.7% |
| Total equity and liabilities | 10/49 | €857,403 | €837,934 | -€19,469 | -2.3% |
| Equity | 10/15 | €570,793 | €581,792 | +€10,999 | +1.9% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €334,215 | €345,214 | +€10,999 | +3.3% |
| Distributable reserves | 133 | €334,215 | €345,214 | +€10,999 | +3.3% |
| Profit (loss) carried forward | 14 | €17,978 | €17,978 | = | 0.0% |
| Amounts payable | 17/49 | €286,610 | €256,142 | -€30,468 | -10.6% |
| Amounts payable after more than one year | 17 | €200,000 | €125,000 | -€75,000 | -37.5% |
| Financial debts | 170/4 | €200,000 | €125,000 | -€75,000 | -37.5% |
| Amounts payable within one year | 42/48 | €75,382 | €124,947 | +€49,565 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €12,284 | - | -€12,284 | |
| Trade debts | 44 | €78 | €33,873 | +€33,795 | +43,327% |
| Suppliers | 440/4 | €78 | €33,873 | +€33,795 | +43,327% |
| Advances received on contracts in progress | 46 | - | €15,115 | +€15,115 | |
| Taxes, remuneration and social security | 45 | €15,332 | €18,794 | +€3,462 | +22.6% |
| Taxes | 450/3 | €7,120 | €12,122 | +€5,002 | +70.3% |
| Remuneration and social security | 454/9 | €8,212 | €6,672 | -€1,540 | -18.8% |
| Other amounts payable | 47/48 | €47,688 | €57,165 | +€9,477 | +19.9% |
| Accrued charges and deferred income | 492/3 | €11,228 | €6,195 | -€5,033 | -44.8% |
| Non-recurring operating income | 76A | €11,920 | - | -€11,920 | |
| Remuneration, social security and pensions | 62 | €31,548 | €54,016 | +€22,468 | +71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,315 | €39,103 | +€9,788 | +33.4% |
| Other operating charges | 640/8 | €25,842 | €8,710 | -€17,132 | -66.3% |
| Gross operating margin | 9900 | €164,881 | €184,287 | +€19,406 | +11.8% |
| Operating profit (loss) | 9901 | €78,176 | €82,458 | +€4,282 | +5.5% |
| Financial income | 75/76B | €10,774 | €14,502 | +€3,728 | +34.6% |
| Recurring financial income | 75 | €10,774 | €14,502 | +€3,728 | +34.6% |
| Financial charges | 65/66B | €21,127 | €11,142 | -€9,985 | -47.3% |
| Recurring financial charges | 65 | €21,127 | €11,142 | -€9,985 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €67,823 | €85,818 | +€17,995 | +26.5% |
| Income taxes | 67/77 | €20,138 | €26,063 | +€5,925 | +29.4% |
| Profit (loss) for the period | 9904 | €47,685 | €59,755 | +€12,070 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,685 | €59,755 | +€12,070 | +25.3% |
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 28 October 2026 via checked.be.