VANCOMPERNOLLE: 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.
VANCOMPERNOLLE
Largest movements
- Cash +€59,074
up €59,074 (+110.4%), from €53,504 to €112,578
mainly Depreciation (+€416,630) and Trade debts (+€240,838)
- Receivables within one year +€46,886
up €46,886 (+369.1%), from €12,702 to €59,589
of which Other amounts receivable: +€44,494
- Tangible fixed assets -€32,158
down €32,158 (-1.1%), from €2.9m to €2.8m
of which Other tangible fixed assets: -€70,893
- Debts after one year -€258,388
down €258,388 (-16.8%), from €1.5m to €1.3m
- Trade debts +€240,838
up €240,838 (+136.3%), from €176,636 to €417,474
- Other debts +€203,176
up €203,176 (+101.4%), from €200,457 to €403,633
- Reserves -€88,075
down €88,075 (-17.8%), from €495,604 to €407,528
- Accrued charges and deferred income -€33,809
down €33,809 (-93.0%), from €36,351 to €2,541
- Gross operating margin +€189,159
up €189,159 (+15.1%), from €1.3m to €1.4m
- Staff costs +€107,036
up €107,036 (+19.4%), from €551,609 to €658,645
- Taxes +€29,283
up €29,283 (+51.5%), from €56,817 to €86,099
- Other operating charges +€14,729
up €14,729 (+115.4%), from €12,768 to €27,497
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,984,363 | €3,056,643 | +€72,279 | +2.4% |
| Fixed assets | 21/28 | €2,880,984 | €2,848,826 | -€32,158 | -1.1% |
| Tangible fixed assets | 22/27 | €2,880,984 | €2,848,826 | -€32,158 | -1.1% |
| Land and buildings | 22 | €2,213,010 | €2,307,319 | +€94,309 | +4.3% |
| Plant, machinery and equipment | 23 | €238,977 | €198,099 | -€40,877 | -17.1% |
| Furniture and vehicles | 24 | €66,505 | €51,808 | -€14,697 | -22.1% |
| Other tangible fixed assets | 26 | €362,493 | €291,600 | -€70,893 | -19.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €103,379 | €207,816 | +€104,437 | +101.0% |
| Stocks and contracts in progress | 3 | €37,173 | €35,649 | -€1,524 | -4.1% |
| Stocks | 30/36 | €37,173 | €35,649 | -€1,524 | -4.1% |
| Amounts receivable within one year | 40/41 | €12,702 | €59,589 | +€46,886 | +369.1% |
| Trade receivables | 40 | €3,401 | €5,793 | +€2,392 | +70.3% |
| Other amounts receivable | 41 | €9,301 | €53,796 | +€44,494 | +478.4% |
| Cash at bank and in hand | 54/58 | €53,504 | €112,578 | +€59,074 | +110.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,984,363 | €3,056,643 | +€72,279 | +2.4% |
| Equity | 10/15 | €504,902 | €416,827 | -€88,075 | -17.4% |
| Contributions | 10/11 | €9,299 | €9,299 | = | 0.0% |
| Reserves | 13 | €495,604 | €407,528 | -€88,075 | -17.8% |
| Distributable reserves | 133 | €495,604 | €407,528 | -€88,075 | -17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,479,461 | €2,639,816 | +€160,355 | +6.5% |
| Amounts payable after more than one year | 17 | €1,535,338 | €1,276,950 | -€258,388 | -16.8% |
| Financial debts | 170/4 | €1,535,338 | €1,276,950 | -€258,388 | -16.8% |
| Amounts payable within one year | 42/48 | €907,772 | €1,360,324 | +€452,552 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €264,479 | €259,821 | -€4,658 | -1.8% |
| Financial debts | 43 | €132,654 | €126,207 | -€6,447 | -4.9% |
| Credit institutions | 430/8 | €132,654 | €126,207 | -€6,447 | -4.9% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €176,636 | €417,474 | +€240,838 | +136.3% |
| Suppliers | 440/4 | €176,636 | €417,474 | +€240,838 | +136.3% |
| Taxes, remuneration and social security | 45 | €133,546 | €153,189 | +€19,644 | +14.7% |
| Taxes | 450/3 | €56,659 | €70,114 | +€13,455 | +23.7% |
| Remuneration and social security | 454/9 | €76,887 | €83,075 | +€6,188 | +8.0% |
| Other amounts payable | 47/48 | €200,457 | €403,633 | +€203,176 | +101.4% |
| Accrued charges and deferred income | 492/3 | €36,351 | €2,541 | -€33,809 | -93.0% |
| Non-recurring operating income | 76A | €8,380 | €0 | -€8,380 | -100.0% |
| Remuneration, social security and pensions | 62 | €551,609 | €658,645 | +€107,036 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,315 | €416,630 | -€2,685 | -0.6% |
| Other operating charges | 640/8 | €12,768 | €27,497 | +€14,729 | +115.4% |
| Gross operating margin | 9900 | €1,256,220 | €1,445,379 | +€189,159 | +15.1% |
| Operating profit (loss) | 9901 | €272,529 | €342,607 | +€70,078 | +25.7% |
| Financial income | 75/76B | €4,106 | €1,415 | -€2,691 | -65.5% |
| Recurring financial income | 75 | €4,106 | €1,415 | -€2,691 | -65.5% |
| Financial charges | 65/66B | €69,968 | €66,969 | -€2,999 | -4.3% |
| Recurring financial charges | 65 | €69,968 | €66,969 | -€2,999 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €206,666 | €277,053 | +€70,386 | +34.1% |
| Income taxes | 67/77 | €56,817 | €86,099 | +€29,283 | +51.5% |
| Profit (loss) for the period | 9904 | €149,850 | €190,953 | +€41,104 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €149,850 | €190,953 | +€41,104 | +27.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.