VANCOO: 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.
VANCOO
Largest movements
- Cash +€4,867
up €4,867 (+7.7%), from €62,806 to €67,673
mainly Depreciation (+€18,010) and Other debts (+€11,277)
- Tangible fixed assets -€2,774
down €2,774 (-7.3%), from €38,069 to €35,295
of which Furniture and vehicles: -€3,626
- Receivables within one year -€2,697
down €2,697 (-8.8%), from €30,646 to €27,949
of which Trade receivables: -€4,640
- Profit (loss) carried forward -€13,323
down €13,323 (-16.3%), from -€81,857 to -€95,179
- Other debts +€11,277
up €11,277 (+6.0%), from €187,488 to €198,765
- Trade debts +€1,441
up €1,441 (+63.4%), from €2,274 to €3,715
- Other operating charges -€2,730
down €2,730 (-66.0%), from €4,133 to €1,403
- Depreciation +€2,350
up €2,350 (+15.0%), from €15,659 to €18,010
- Gross operating margin +€2,109
up €2,109 (+47.0%), from €4,483 to €6,591
- Taxes -€347
down €347 (-44.5%), from €780 to €433
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 | €131,521 | €130,917 | -€604 | -0.5% |
| Fixed assets | 21/28 | €38,069 | €35,295 | -€2,774 | -7.3% |
| Tangible fixed assets | 22/27 | €38,069 | €35,295 | -€2,774 | -7.3% |
| Plant, machinery and equipment | 23 | €25,698 | €26,549 | +€851 | +3.3% |
| Furniture and vehicles | 24 | €12,371 | €8,745 | -€3,626 | -29.3% |
| Current assets | 29/58 | €93,453 | €95,623 | +€2,170 | +2.3% |
| Amounts receivable within one year | 40/41 | €30,646 | €27,949 | -€2,697 | -8.8% |
| Trade receivables | 40 | €28,775 | €24,135 | -€4,640 | -16.1% |
| Other amounts receivable | 41 | €1,871 | €3,814 | +€1,943 | +103.8% |
| Cash at bank and in hand | 54/58 | €62,806 | €67,673 | +€4,867 | +7.7% |
| Total equity and liabilities | 10/49 | €131,521 | €130,917 | -€604 | -0.5% |
| Equity | 10/15 | -€58,241 | -€71,563 | -€13,323 | -22.9% |
| Contributions | 10/11 | €23,140 | €23,140 | = | 0.0% |
| Capital | 10 | €23,140 | €23,140 | = | 0.0% |
| Issued capital | 100 | €23,140 | €23,140 | = | 0.0% |
| Reserves | 13 | €476 | €476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €476 | €476 | = | 0.0% |
| Legal reserve | 130 | €476 | €476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,857 | -€95,179 | -€13,323 | -16.3% |
| Amounts payable | 17/49 | €189,762 | €202,481 | +€12,718 | +6.7% |
| Amounts payable within one year | 42/48 | €189,762 | €202,481 | +€12,718 | +6.7% |
| Trade debts | 44 | €2,274 | €3,715 | +€1,441 | +63.4% |
| Suppliers | 440/4 | €2,274 | €3,715 | +€1,441 | +63.4% |
| Other amounts payable | 47/48 | €187,488 | €198,765 | +€11,277 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,659 | €18,010 | +€2,350 | +15.0% |
| Other operating charges | 640/8 | €4,133 | €1,403 | -€2,730 | -66.0% |
| Gross operating margin | 9900 | €4,483 | €6,591 | +€2,109 | +47.0% |
| Operating profit (loss) | 9901 | -€15,310 | -€12,822 | +€2,488 | +16.3% |
| Financial income | 75/76B | €17 | €18 | +€0 | +1.6% |
| Recurring financial income | 75 | €17 | €18 | +€0 | +1.6% |
| Financial charges | 65/66B | €96 | €85 | -€11 | -11.3% |
| Recurring financial charges | 65 | €96 | €85 | -€11 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,389 | -€12,890 | +€2,499 | +16.2% |
| Income taxes | 67/77 | €780 | €433 | -€347 | -44.5% |
| Profit (loss) for the period | 9904 | -€16,169 | -€13,323 | +€2,846 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,169 | -€13,323 | +€2,846 | +17.6% |
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.