VANCOR: 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.
VANCOR
Largest movements
- Receivables within one year +€28,444
up €28,444 (+27.7%), from €102,661 to €131,105
of which Trade receivables: +€25,218
- Tangible fixed assets -€8,451
down €8,451 (-33.2%), from €25,476 to €17,025
of which Furniture and vehicles: -€5,967
- Stocks and contracts -€4,880
down €4,880 (-32.1%), from €15,194 to €10,314
- Profit (loss) carried forward +€9,991
up €9,991 (+752.3%), from €1,328 to €11,319
- Tax, wage and social debts +€7,617
new in 2024: €7,617
- Other debts -€4,486
down €4,486 (-20.6%), from €21,730 to €17,244
- Trade debts +€3,918
up €3,918 (+4.3%), from €90,291 to €94,208
- Short-term financial debts -€2,259
down €2,259 (-42.1%), from €5,362 to €3,103
- Gross operating margin +€20,967
up €20,967 (+556.8%), from €3,766 to €24,733
- Depreciation -€1,269
down €1,269 (-9.7%), from €13,053 to €11,783
- Other operating charges +€261
up €261 (+14.6%), from €1,790 to €2,052
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,729 | €165,509 | +€14,780 | +9.8% |
| Fixed assets | 21/28 | €25,476 | €17,025 | -€8,451 | -33.2% |
| Tangible fixed assets | 22/27 | €25,476 | €17,025 | -€8,451 | -33.2% |
| Plant, machinery and equipment | 23 | €8,701 | €6,217 | -€2,484 | -28.6% |
| Furniture and vehicles | 24 | €16,775 | €10,808 | -€5,967 | -35.6% |
| Current assets | 29/58 | €125,252 | €148,484 | +€23,231 | +18.5% |
| Stocks and contracts in progress | 3 | €15,194 | €10,314 | -€4,880 | -32.1% |
| Stocks | 30/36 | €15,194 | €10,314 | -€4,880 | -32.1% |
| Amounts receivable within one year | 40/41 | €102,661 | €131,105 | +€28,444 | +27.7% |
| Trade receivables | 40 | €98,291 | €123,509 | +€25,218 | +25.7% |
| Other amounts receivable | 41 | €4,370 | €7,597 | +€3,226 | +73.8% |
| Cash at bank and in hand | 54/58 | €7,397 | €7,064 | -€333 | -4.5% |
| Total equity and liabilities | 10/49 | €150,729 | €165,509 | +€14,780 | +9.8% |
| Equity | 10/15 | €33,347 | €43,337 | +€9,991 | +30.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,819 | €25,819 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Legal reserve | 130 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €23,835 | €23,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,328 | €11,319 | +€9,991 | +752.3% |
| Amounts payable | 17/49 | €117,382 | €122,171 | +€4,789 | +4.1% |
| Amounts payable within one year | 42/48 | €117,382 | €122,171 | +€4,789 | +4.1% |
| Financial debts | 43 | €5,362 | €3,103 | -€2,259 | -42.1% |
| Credit institutions | 430/8 | €5,362 | €3,103 | -€2,259 | -42.1% |
| Trade debts | 44 | €90,291 | €94,208 | +€3,918 | +4.3% |
| Suppliers | 440/4 | €90,291 | €94,208 | +€3,918 | +4.3% |
| Taxes, remuneration and social security | 45 | - | €7,617 | +€7,617 | |
| Taxes | 450/3 | - | €7,617 | +€7,617 | |
| Other amounts payable | 47/48 | €21,730 | €17,244 | -€4,486 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,053 | €11,783 | -€1,269 | -9.7% |
| Other operating charges | 640/8 | €1,790 | €2,052 | +€261 | +14.6% |
| Gross operating margin | 9900 | €3,766 | €24,733 | +€20,967 | +556.8% |
| Operating profit (loss) | 9901 | -€11,077 | €10,898 | +€21,975 | |
| Financial income | 75/76B | €6 | €3 | -€3 | -48.8% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -48.8% |
| Financial charges | 65/66B | €1,016 | €910 | -€106 | -10.5% |
| Recurring financial charges | 65 | €1,016 | €910 | -€106 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,087 | €9,991 | +€22,078 | |
| Profit (loss) for the period | 9904 | -€12,087 | €9,991 | +€22,078 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,087 | €9,991 | +€22,078 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.