VANCOTIC: 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.
VANCOTIC
Largest movements
- Current investments +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Cash +€28,971
up €28,971 (+33.3%), from €87,049 to €116,020
mainly Net result for the year (+€79,936) and Depreciation (+€1,654)
- Profit (loss) carried forward +€79,936
up €79,936 (+58.7%), from €136,234 to €216,170
- Other debts -€3,300
no longer reported in 2025 (was €3,300)
- Financial income +€1,678
up €1,678 (+586.8%), from €286 to €1,964
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 | €151,764 | €228,318 | +€76,555 | +50.4% |
| Fixed assets | 21/28 | €2,212 | €558 | -€1,654 | -74.8% |
| Tangible fixed assets | 22/27 | €2,212 | €558 | -€1,654 | -74.8% |
| Plant, machinery and equipment | 23 | €1,990 | €523 | -€1,467 | -73.7% |
| Furniture and vehicles | 24 | €222 | €35 | -€187 | -84.1% |
| Current assets | 29/58 | €149,551 | €227,760 | +€78,209 | +52.3% |
| Amounts receivable within one year | 40/41 | €12,211 | €11,404 | -€806 | -6.6% |
| Trade receivables | 40 | €12,211 | €11,404 | -€806 | -6.6% |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €87,049 | €116,020 | +€28,971 | +33.3% |
| Deferred charges and accrued income | 490/1 | €292 | €336 | +€44 | +15.1% |
| Total equity and liabilities | 10/49 | €151,764 | €228,318 | +€76,555 | +50.4% |
| Equity | 10/15 | €139,234 | €219,170 | +€79,936 | +57.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,234 | €216,170 | +€79,936 | +58.7% |
| Amounts payable | 17/49 | €12,530 | €9,148 | -€3,382 | -27.0% |
| Amounts payable within one year | 42/48 | €12,530 | €9,148 | -€3,382 | -27.0% |
| Trade debts | 44 | €1,056 | €1,834 | +€778 | +73.7% |
| Suppliers | 440/4 | €1,056 | €1,834 | +€778 | +73.7% |
| Taxes, remuneration and social security | 45 | €8,174 | €7,314 | -€860 | -10.5% |
| Taxes | 450/3 | €8,174 | €7,314 | -€860 | -10.5% |
| Other amounts payable | 47/48 | €3,300 | - | -€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,654 | €1,654 | = | 0.0% |
| Other operating charges | 640/8 | €86 | €400 | +€314 | +366.0% |
| Gross operating margin | 9900 | €100,115 | €100,777 | +€662 | +0.7% |
| Operating profit (loss) | 9901 | €98,375 | €98,723 | +€348 | +0.4% |
| Financial income | 75/76B | €286 | €1,964 | +€1,678 | +586.8% |
| Recurring financial income | 75 | €286 | €1,964 | +€1,678 | +586.8% |
| Financial charges | 65/66B | €42 | €43 | +€1 | +3.2% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €98,620 | €100,644 | +€2,025 | +2.1% |
| Income taxes | 67/77 | €20,091 | €20,708 | +€617 | +3.1% |
| Profit (loss) for the period | 9904 | €78,528 | €79,936 | +€1,408 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,528 | €79,936 | +€1,408 | +1.8% |
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 7 October 2026 via checked.be.