VANCONTI: 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.
VANCONTI
Largest movements
- Receivables within one year +€54,973
up €54,973 (+199%), from €27,639 to €82,612
of which Trade receivables: +€55,001
- Cash +€37,555
up €37,555 (+50.3%), from €74,638 to €112,193
mainly Net result for the year (+€159,385) and Other debts (+€64,710)
- Deferred charges and accrued income +€3,122
up €3,122 (+345%), from €905 to €4,027
- Other debts +€64,710
up €64,710 (+110%), from €58,647 to €123,357
- Reserves +€19,385
up €19,385 (+148%), from €13,063 to €32,447
- Tax, wage and social debts +€10,010
up €10,010 (+30.2%), from €33,129 to €43,139
of which Taxes: +€6,510
- Gross operating margin +€81,982
up €81,982 (+60.8%), from €134,744 to €216,726
- Taxes +€25,040
up €25,040 (+86.2%), from €29,064 to €54,105
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 | €109,839 | €204,659 | +€94,821 | +86.3% |
| Fixed assets | 21/28 | €6,656 | €5,827 | -€829 | -12.5% |
| Tangible fixed assets | 22/27 | €6,656 | €5,827 | -€829 | -12.5% |
| Plant, machinery and equipment | 23 | €6,656 | €5,827 | -€829 | -12.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €103,182 | €198,832 | +€95,650 | +92.7% |
| Amounts receivable within one year | 40/41 | €27,639 | €82,612 | +€54,973 | +199% |
| Trade receivables | 40 | €24,439 | €79,440 | +€55,001 | +225% |
| Other amounts receivable | 41 | €3,200 | €3,172 | -€28 | -0.9% |
| Cash at bank and in hand | 54/58 | €74,638 | €112,193 | +€37,555 | +50.3% |
| Deferred charges and accrued income | 490/1 | €905 | €4,027 | +€3,122 | +345% |
| Total equity and liabilities | 10/49 | €109,839 | €204,659 | +€94,821 | +86.3% |
| Equity | 10/15 | €18,063 | €37,447 | +€19,385 | +107% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,063 | €32,447 | +€19,385 | +148% |
| Distributable reserves | 133 | €13,063 | €32,447 | +€19,385 | +148% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,776 | €167,212 | +€75,436 | +82.2% |
| Amounts payable within one year | 42/48 | €91,776 | €167,212 | +€75,436 | +82.2% |
| Trade debts | 44 | €0 | €716 | +€716 | |
| Suppliers | 440/4 | €0 | €716 | +€716 | |
| Taxes, remuneration and social security | 45 | €33,129 | €43,139 | +€10,010 | +30.2% |
| Taxes | 450/3 | €26,129 | €32,639 | +€6,510 | +24.9% |
| Remuneration and social security | 454/9 | €7,000 | €10,500 | +€3,500 | +50.0% |
| Other amounts payable | 47/48 | €58,647 | €123,357 | +€64,710 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €829 | -€224 | -21.3% |
| Other operating charges | 640/8 | €1,407 | €1,677 | +€270 | +19.2% |
| Gross operating margin | 9900 | €134,744 | €216,726 | +€81,982 | +60.8% |
| Operating profit (loss) | 9901 | €132,284 | €214,219 | +€81,936 | +61.9% |
| Financial income | 75/76B | €805 | €257 | -€548 | -68.1% |
| Recurring financial income | 75 | €805 | €257 | -€548 | -68.1% |
| Financial charges | 65/66B | €1,460 | €987 | -€473 | -32.4% |
| Recurring financial charges | 65 | €1,460 | €987 | -€473 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €131,629 | €213,490 | +€81,860 | +62.2% |
| Income taxes | 67/77 | €29,064 | €54,105 | +€25,040 | +86.2% |
| Profit (loss) for the period | 9904 | €102,565 | €159,385 | +€56,820 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,565 | €159,385 | +€56,820 | +55.4% |
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 15 October 2026 via checked.be.