VANCOMPERNOLLE THOMAS: 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.
VANCOMPERNOLLE THOMAS
Largest movements
- Cash +€231,436
up €231,436 (+152.4%), from €151,813 to €383,249
mainly Depreciation (+€176,831) and Net result for the year (+€173,257)
- Tangible fixed assets -€133,437
down €133,437 (-20.9%), from €638,492 to €505,055
of which Leasing and similar rights: -€97,771
- Receivables within one year -€120,258
down €120,258 (-19.1%), from €628,130 to €507,872
of which Other amounts receivable: -€75,998
- Intangible fixed assets -€16,000
down €16,000 (-20.0%), from €80,000 to €64,000
- Reserves +€173,257
up €173,257 (+21.5%), from €806,206 to €979,463
of which Distributable reserves: +€131,157
- Debts after one year -€98,377
down €98,377 (-27.9%), from €352,089 to €253,712
- Trade debts -€94,164
down €94,164 (-70.4%), from €133,723 to €39,559
- Gross operating margin +€56,371
up €56,371 (+10.0%), from €565,442 to €621,813
- Taxes +€36,811
up €36,811 (+100.0%), from €36,820 to €73,631
- Staff costs -€29,396
down €29,396 (-15.9%), from €185,019 to €155,623
- Other operating charges -€10,048
down €10,048 (-26.4%), from €38,100 to €28,052
- Depreciation -€6,457
down €6,457 (-3.5%), from €183,288 to €176,831
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 | €1,560,531 | €1,532,255 | -€28,277 | -1.8% |
| Formation expenses | 20 | €1,848 | - | -€1,848 | |
| Fixed assets | 21/28 | €748,217 | €598,780 | -€149,437 | -20.0% |
| Intangible fixed assets | 21 | €80,000 | €64,000 | -€16,000 | -20.0% |
| Tangible fixed assets | 22/27 | €638,492 | €505,055 | -€133,437 | -20.9% |
| Land and buildings | 22 | €184,997 | €172,758 | -€12,239 | -6.6% |
| Plant, machinery and equipment | 23 | €37,106 | €46,329 | +€9,223 | +24.9% |
| Furniture and vehicles | 24 | €84,944 | €52,293 | -€32,651 | -38.4% |
| Leasing and similar rights | 25 | €331,445 | €233,674 | -€97,771 | -29.5% |
| Financial fixed assets | 28 | €29,725 | €29,725 | = | 0.0% |
| Current assets | 29/58 | €810,466 | €933,475 | +€123,009 | +15.2% |
| Amounts receivable within one year | 40/41 | €628,130 | €507,872 | -€120,258 | -19.1% |
| Trade receivables | 40 | €512,297 | €468,037 | -€44,260 | -8.6% |
| Other amounts receivable | 41 | €115,833 | €39,835 | -€75,998 | -65.6% |
| Current investments | 50/53 | €13,000 | €25,000 | +€12,000 | +92.3% |
| Cash at bank and in hand | 54/58 | €151,813 | €383,249 | +€231,436 | +152.4% |
| Deferred charges and accrued income | 490/1 | €17,523 | €17,354 | -€169 | -1.0% |
| Total equity and liabilities | 10/49 | €1,560,531 | €1,532,255 | -€28,277 | -1.8% |
| Equity | 10/15 | €826,206 | €999,463 | +€173,257 | +21.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €806,206 | €979,463 | +€173,257 | +21.5% |
| Tax-exempt reserves | 132 | €189,450 | €231,550 | +€42,100 | +22.2% |
| Distributable reserves | 133 | €616,756 | €747,913 | +€131,157 | +21.3% |
| Amounts payable | 17/49 | €734,325 | €532,792 | -€201,533 | -27.4% |
| Amounts payable after more than one year | 17 | €352,089 | €253,712 | -€98,377 | -27.9% |
| Financial debts | 170/4 | €352,089 | €253,712 | -€98,377 | -27.9% |
| Amounts payable within one year | 42/48 | €382,236 | €279,080 | -€103,156 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €134,031 | €121,882 | -€12,149 | -9.1% |
| Trade debts | 44 | €133,723 | €39,559 | -€94,164 | -70.4% |
| Suppliers | 440/4 | €133,723 | €39,559 | -€94,164 | -70.4% |
| Taxes, remuneration and social security | 45 | €41,656 | €45,863 | +€4,207 | +10.1% |
| Taxes | 450/3 | €24,106 | €22,308 | -€1,798 | -7.5% |
| Remuneration and social security | 454/9 | €17,549 | €23,555 | +€6,006 | +34.2% |
| Other amounts payable | 47/48 | €72,826 | €71,776 | -€1,050 | -1.4% |
| Remuneration, social security and pensions | 62 | €185,019 | €155,623 | -€29,396 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,288 | €176,831 | -€6,457 | -3.5% |
| Other operating charges | 640/8 | €38,100 | €28,052 | -€10,048 | -26.4% |
| Gross operating margin | 9900 | €565,442 | €621,813 | +€56,371 | +10.0% |
| Operating profit (loss) | 9901 | €159,035 | €261,307 | +€102,271 | +64.3% |
| Financial income | 75/76B | €4,208 | €2,677 | -€1,531 | -36.4% |
| Recurring financial income | 75 | €4,208 | €2,677 | -€1,531 | -36.4% |
| Financial charges | 65/66B | €23,152 | €17,096 | -€6,056 | -26.2% |
| Recurring financial charges | 65 | €23,152 | €17,096 | -€6,056 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €140,091 | €246,887 | +€106,796 | +76.2% |
| Income taxes | 67/77 | €36,820 | €73,631 | +€36,811 | +100.0% |
| Profit (loss) for the period | 9904 | €103,271 | €173,257 | +€69,985 | +67.8% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,171 | €131,157 | +€69,985 | +114.4% |
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 9 October 2026 via checked.be.