VANCREBO: 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.
VANCREBO
Largest movements
- Receivables within one year +€49,040
new in 2025: €49,040
- Deferred charges and accrued income -€15,854
down €15,854 (-94.7%), from €16,742 to €888
- Tangible fixed assets -€15,687
down €15,687 (-11.7%), from €133,562 to €117,875
of which Plant, machinery and equipment: -€7,882
- Debts after one year +€15,355
up €15,355 (+14.9%), from €103,126 to €118,481
of which Other amounts payable: +€25,802
- Profit (loss) carried forward +€5,845
up €5,845 (+84.4%), from -€6,927 to -€1,083
- Trade debts -€3,693
down €3,693 (-16.6%), from €22,229 to €18,536
- Staff costs +€12,940
up €12,940 (+34.4%), from €37,655 to €50,595
- Depreciation +€7,997
up €7,997 (+88.5%), from €9,033 to €17,030
- Financial charges -€4,577
down €4,577 (-38.8%), from €11,812 to €7,234
- Gross operating margin +€3,691
up €3,691 (+4.6%), from €79,525 to €83,216
- Financial income +€1,225
up €1,225 (+3,726%), from €33 to €1,258
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 | €179,283 | €197,535 | +€18,253 | +10.2% |
| Fixed assets | 21/28 | €133,562 | €117,875 | -€15,687 | -11.7% |
| Tangible fixed assets | 22/27 | €133,562 | €117,875 | -€15,687 | -11.7% |
| Plant, machinery and equipment | 23 | €88,220 | €80,338 | -€7,882 | -8.9% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | €45,343 | €37,537 | -€7,806 | -17.2% |
| Current assets | 29/58 | €45,720 | €79,660 | +€33,940 | +74.2% |
| Stocks and contracts in progress | 3 | €3,317 | €3,012 | -€305 | -9.2% |
| Stocks | 30/36 | €3,317 | €3,012 | -€305 | -9.2% |
| Amounts receivable within one year | 40/41 | - | €49,040 | +€49,040 | |
| Other amounts receivable | 41 | - | €49,040 | +€49,040 | |
| Cash at bank and in hand | 54/58 | €25,661 | €26,720 | +€1,059 | +4.1% |
| Deferred charges and accrued income | 490/1 | €16,742 | €888 | -€15,854 | -94.7% |
| Total equity and liabilities | 10/49 | €179,283 | €197,535 | +€18,253 | +10.2% |
| Equity | 10/15 | €37,637 | €43,482 | +€5,845 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,965 | €25,965 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,105 | €24,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,927 | -€1,083 | +€5,845 | +84.4% |
| Amounts payable | 17/49 | €141,645 | €154,053 | +€12,408 | +8.8% |
| Amounts payable after more than one year | 17 | €103,126 | €118,481 | +€15,355 | +14.9% |
| Financial debts | 170/4 | €75,418 | €64,971 | -€10,447 | -13.9% |
| Other amounts payable | 178/9 | €27,708 | €53,510 | +€25,802 | +93.1% |
| Amounts payable within one year | 42/48 | €38,519 | €35,572 | -€2,947 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €10,315 | €10,447 | +€132 | +1.3% |
| Trade debts | 44 | €22,229 | €18,536 | -€3,693 | -16.6% |
| Suppliers | 440/4 | €22,229 | €18,536 | -€3,693 | -16.6% |
| Taxes, remuneration and social security | 45 | €5,976 | €6,590 | +€614 | +10.3% |
| Taxes | 450/3 | €2,952 | €3,369 | +€417 | +14.1% |
| Remuneration and social security | 454/9 | €3,024 | €3,221 | +€197 | +6.5% |
| Non-recurring operating income | 76A | €27,300 | €24,211 | -€3,089 | -11.3% |
| Remuneration, social security and pensions | 62 | €37,655 | €50,595 | +€12,940 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,033 | €17,030 | +€7,997 | +88.5% |
| Other operating charges | 640/8 | €2,261 | €2,153 | -€109 | -4.8% |
| Non-recurring operating charges | 66A | - | €1,325 | +€1,325 | |
| Gross operating margin | 9900 | €79,525 | €83,216 | +€3,691 | +4.6% |
| Operating profit (loss) | 9901 | €30,576 | €12,114 | -€18,462 | -60.4% |
| Financial income | 75/76B | €33 | €1,258 | +€1,225 | +3,726% |
| Recurring financial income | 75 | €33 | €1,258 | +€1,225 | +3,726% |
| Financial charges | 65/66B | €11,812 | €7,234 | -€4,577 | -38.8% |
| Recurring financial charges | 65 | €11,812 | €7,234 | -€4,577 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €18,797 | €6,138 | -€12,660 | -67.3% |
| Income taxes | 67/77 | €548 | €293 | -€255 | -46.5% |
| Profit (loss) for the period | 9904 | €18,250 | €5,845 | -€12,405 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,250 | €5,845 | -€12,405 | -68.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.