VANCRA: what changed
Two financial 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.
VANCRA
Largest movements
- Tangible fixed assets -€7,764
down €7,764 (-5.4%), from €144,336 to €136,572
of which Land and buildings: -€7,319
- Cash +€5,178
up €5,178 (+4.2%), from €124,745 to €129,923
mainly Depreciation (+€7,764) and Net result for the year (+€7,739)
- Debts after one year -€17,105
down €17,105 (-28.5%), from €60,022 to €42,917
- Reserves +€7,500
up €7,500 (+2.7%), from €282,743 to €290,243
- Other debts +€5,341
up €5,341 (+17.4%), from €30,620 to €35,962
- Accrued charges and deferred income -€5,052
no longer reported in 2025 (was €5,052)
- Gross operating margin +€9,035
up €9,035 (+45.8%), from €19,722 to €28,757
- Taxes +€3,972
up €3,972 (+224%), from €1,777 to €5,749
- Write-downs +€2,771
new in 2025: €2,771
- Depreciation -€2,718
down €2,718 (-25.9%), from €10,483 to €7,764
- Other operating charges +€861
up €861 (+70.0%), from €1,230 to €2,091
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.
Derived cash bridge
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 | €398,571 | €398,243 | -€327 | -0.1% |
| Fixed assets | 21/28 | €160,162 | €152,398 | -€7,764 | -4.8% |
| Tangible fixed assets | 22/27 | €144,336 | €136,572 | -€7,764 | -5.4% |
| Land and buildings | 22 | €142,577 | €135,259 | -€7,319 | -5.1% |
| Plant, machinery and equipment | 23 | €1,355 | €1,138 | -€217 | -16.0% |
| Furniture and vehicles | 24 | €404 | €175 | -€229 | -56.7% |
| Financial fixed assets | 28 | €15,826 | €15,826 | = | 0.0% |
| Current assets | 29/58 | €238,409 | €245,846 | +€7,437 | +3.1% |
| Amounts receivable within one year | 40/41 | €112,012 | €114,242 | +€2,229 | +2.0% |
| Trade receivables | 40 | €21,309 | €22,539 | +€1,229 | +5.8% |
| Other amounts receivable | 41 | €90,703 | €91,703 | +€1,000 | +1.1% |
| Cash at bank and in hand | 54/58 | €124,745 | €129,923 | +€5,178 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,651 | €1,681 | +€30 | +1.8% |
| Total equity and liabilities | 10/49 | €398,571 | €398,243 | -€327 | -0.1% |
| Equity | 10/15 | €291,397 | €299,136 | +€7,739 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €282,743 | €290,243 | +€7,500 | +2.7% |
| Distributable reserves | 133 | €282,743 | €290,243 | +€7,500 | +2.7% |
| Profit (loss) carried forward | 14 | €2,454 | €2,693 | +€239 | +9.8% |
| Amounts payable | 17/49 | €107,174 | €99,107 | -€8,067 | -7.5% |
| Amounts payable after more than one year | 17 | €60,022 | €42,917 | -€17,105 | -28.5% |
| Financial debts | 170/4 | €60,022 | €42,917 | -€17,105 | -28.5% |
| Amounts payable within one year | 42/48 | €42,100 | €56,190 | +€14,090 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €5,550 | €9,142 | +€3,592 | +64.7% |
| Trade debts | 44 | €3,380 | €5,309 | +€1,929 | +57.1% |
| Suppliers | 440/4 | €3,380 | €5,309 | +€1,929 | +57.1% |
| Taxes, remuneration and social security | 45 | €2,550 | €5,778 | +€3,228 | +127% |
| Taxes | 450/3 | €2,550 | €5,706 | +€3,156 | +124% |
| Remuneration and social security | 454/9 | - | €72 | +€72 | |
| Other amounts payable | 47/48 | €30,620 | €35,962 | +€5,341 | +17.4% |
| Accrued charges and deferred income | 492/3 | €5,052 | - | -€5,052 | |
| Remuneration, social security and pensions | 62 | €168 | - | -€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,483 | €7,764 | -€2,718 | -25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,771 | +€2,771 | |
| Other operating charges | 640/8 | €1,230 | €2,091 | +€861 | +70.0% |
| Gross operating margin | 9900 | €19,722 | €28,757 | +€9,035 | +45.8% |
| Operating profit (loss) | 9901 | €7,841 | €16,131 | +€8,290 | +106% |
| Financial income | 75/76B | €0 | €91 | +€91 | +303,133% |
| Recurring financial income | 75 | €0 | €91 | +€91 | +303,133% |
| Financial charges | 65/66B | €3,391 | €2,733 | -€658 | -19.4% |
| Recurring financial charges | 65 | €3,391 | €2,733 | -€658 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €4,450 | €13,489 | +€9,039 | +203% |
| Income taxes | 67/77 | €1,777 | €5,749 | +€3,972 | +224% |
| Profit (loss) for the period | 9904 | €2,673 | €7,739 | +€5,066 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €2,673 | €7,739 | +€5,066 | +190% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.