VANCOTECH: 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.
VANCOTECH
Largest movements
- Receivables within one year +€14,791
up €14,791 (+11.0%), from €134,982 to €149,772
of which Other amounts receivable: +€20,479
- Tangible fixed assets +€3,995
up €3,995 (+559.8%), from €714 to €4,708
- Advances received +€15,085
up €15,085 (+320.2%), from €4,711 to €19,796
- Profit (loss) carried forward +€8,309
up €8,309 (+246.7%), from €3,368 to €11,677
- Trade debts -€5,573
down €5,573 (-48.2%), from €11,557 to €5,984
- Other operating charges -€1,273
down €1,273 (-46.1%), from €2,760 to €1,486
- Depreciation -€747
down €747 (-51.0%), from €1,464 to €717
- Gross operating margin +€524
up €524 (+3.5%), from €14,813 to €15,337
- Taxes +€283
up €283 (+6.4%), from €4,442 to €4,724
- Financial income +€209
up €209 (+29453.5%), from €1 to €210
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,509 | €164,166 | +€18,657 | +12.8% |
| Fixed assets | 21/28 | €714 | €4,708 | +€3,995 | +559.8% |
| Tangible fixed assets | 22/27 | €714 | €4,708 | +€3,995 | +559.8% |
| Furniture and vehicles | 24 | €714 | €4,708 | +€3,995 | +559.8% |
| Current assets | 29/58 | €144,796 | €159,458 | +€14,662 | +10.1% |
| Amounts receivable within one year | 40/41 | €134,982 | €149,772 | +€14,791 | +11.0% |
| Trade receivables | 40 | €18,579 | €12,890 | -€5,688 | -30.6% |
| Other amounts receivable | 41 | €116,403 | €136,882 | +€20,479 | +17.6% |
| Cash at bank and in hand | 54/58 | €9,814 | €9,685 | -€129 | -1.3% |
| Total equity and liabilities | 10/49 | €145,509 | €164,166 | +€18,657 | +12.8% |
| Equity | 10/15 | €10,875 | €19,185 | +€8,309 | +76.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,307 | €1,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,307 | €1,307 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,307 | €1,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,368 | €11,677 | +€8,309 | +246.7% |
| Amounts payable | 17/49 | €134,634 | €144,981 | +€10,348 | +7.7% |
| Amounts payable within one year | 42/48 | €134,634 | €144,981 | +€10,348 | +7.7% |
| Trade debts | 44 | €11,557 | €5,984 | -€5,573 | -48.2% |
| Suppliers | 440/4 | €11,557 | €5,984 | -€5,573 | -48.2% |
| Advances received on contracts in progress | 46 | €4,711 | €19,796 | +€15,085 | +320.2% |
| Taxes, remuneration and social security | 45 | €8,366 | €9,202 | +€836 | +10.0% |
| Taxes | 450/3 | €8,366 | €9,202 | +€836 | +10.0% |
| Other amounts payable | 47/48 | €110,000 | €110,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | €717 | -€747 | -51.0% |
| Other operating charges | 640/8 | €2,760 | €1,486 | -€1,273 | -46.1% |
| Gross operating margin | 9900 | €14,813 | €15,337 | +€524 | +3.5% |
| Operating profit (loss) | 9901 | €10,589 | €13,133 | +€2,544 | +24.0% |
| Financial income | 75/76B | €1 | €210 | +€209 | +29453.5% |
| Recurring financial income | 75 | €1 | €210 | +€209 | +29453.5% |
| Financial charges | 65/66B | €379 | €310 | -€70 | -18.3% |
| Recurring financial charges | 65 | €379 | €310 | -€70 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €10,211 | €13,034 | +€2,823 | +27.6% |
| Income taxes | 67/77 | €4,442 | €4,724 | +€283 | +6.4% |
| Profit (loss) for the period | 9904 | €5,769 | €8,309 | +€2,540 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,769 | €8,309 | +€2,540 | +44.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.