VANCOPPENOLLE: 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.
VANCOPPENOLLE
Largest movements
- Cash +€16,090
up €16,090 (+7.3%), from €220,868 to €236,958
mainly Net result for the year (+€14,465) and Depreciation (+€4,830)
- Reserves +€14,465
up €14,465 (+6.3%), from €229,866 to €244,331
- Gross operating margin -€1,378
down €1,378 (-5.3%), from €25,980 to €24,602
- Depreciation +€1,038
up €1,038 (+27.4%), from €3,792 to €4,830
- Financial charges -€679
down €679 (-91.9%), from €739 to €60
- Taxes -€497
down €497 (-7.2%), from €6,861 to €6,363
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 | €248,874 | €264,908 | +€16,034 | +6.4% |
| Fixed assets | 21/28 | €21,074 | €18,663 | -€2,411 | -11.4% |
| Tangible fixed assets | 22/27 | €21,074 | €18,663 | -€2,411 | -11.4% |
| Land and buildings | 22 | €5,476 | €4,646 | -€830 | -15.2% |
| Plant, machinery and equipment | 23 | €502 | €2,488 | +€1,986 | +395.2% |
| Furniture and vehicles | 24 | €15,095 | €11,529 | -€3,567 | -23.6% |
| Current assets | 29/58 | €227,800 | €246,246 | +€18,446 | +8.1% |
| Amounts receivable within one year | 40/41 | €6,184 | €8,505 | +€2,321 | +37.5% |
| Trade receivables | 40 | €2,075 | €2,075 | = | 0.0% |
| Other amounts receivable | 41 | €4,109 | €6,430 | +€2,321 | +56.5% |
| Cash at bank and in hand | 54/58 | €220,868 | €236,958 | +€16,090 | +7.3% |
| Deferred charges and accrued income | 490/1 | €748 | €783 | +€35 | +4.7% |
| Total equity and liabilities | 10/49 | €248,874 | €264,908 | +€16,034 | +6.4% |
| Equity | 10/15 | €242,266 | €256,731 | +€14,465 | +6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €229,866 | €244,331 | +€14,465 | +6.3% |
| Distributable reserves | 133 | €229,866 | €244,331 | +€14,465 | +6.3% |
| Amounts payable | 17/49 | €6,608 | €8,178 | +€1,569 | +23.8% |
| Amounts payable within one year | 42/48 | €6,608 | €8,133 | +€1,525 | +23.1% |
| Trade debts | 44 | €6,608 | €8,133 | +€1,525 | +23.1% |
| Suppliers | 440/4 | €6,608 | €8,133 | +€1,525 | +23.1% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,792 | €4,830 | +€1,038 | +27.4% |
| Other operating charges | 640/8 | €211 | €214 | +€4 | +1.7% |
| Gross operating margin | 9900 | €25,980 | €24,602 | -€1,378 | -5.3% |
| Operating profit (loss) | 9901 | €21,977 | €19,558 | -€2,419 | -11.0% |
| Financial income | 75/76B | €1,238 | €1,330 | +€93 | +7.5% |
| Recurring financial income | 75 | €1,238 | €1,330 | +€93 | +7.5% |
| Financial charges | 65/66B | €739 | €60 | -€679 | -91.9% |
| Recurring financial charges | 65 | €739 | €60 | -€679 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €22,476 | €20,828 | -€1,648 | -7.3% |
| Income taxes | 67/77 | €6,861 | €6,363 | -€497 | -7.2% |
| Profit (loss) for the period | 9904 | €15,615 | €14,465 | -€1,150 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,615 | €14,465 | -€1,150 | -7.4% |
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 4 October 2026 via checked.be.