VANFRACHEM: 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.
VANFRACHEM
Largest movements
- Stocks and contracts -€11,099
down €11,099 (-7.0%), from €158,358 to €147,259
- Receivables within one year +€10,526
up €10,526 (+38.9%), from €27,042 to €37,568
of which Trade receivables: +€11,582
- Cash +€5,569
up €5,569 (+7.9%), from €70,153 to €75,722
mainly Net result for the year (+€25,026) and Stocks and contracts (+€11,099)
- Tangible fixed assets -€5,288
down €5,288 (-20.6%), from €25,705 to €20,416
of which Furniture and vehicles: -€5,815
- Tax, wage and social debts +€7,361
up €7,361 (+942%), from €781 to €8,142
of which Taxes: +€7,361
- Reserves -€4,079
down €4,079 (-4.0%), from €102,559 to €98,480
of which Distributable reserves: -€4,079
- Gross operating margin +€25,389
up €25,389 (+116%), from €21,942 to €47,331
- Taxes +€8,641
up €8,641 (+231%), from €3,742 to €12,383
- Financial charges -€976
down €976 (-83.5%), from €1,169 to €193
- Depreciation +€688
up €688 (+11.1%), from €6,188 to €6,876
- Other operating charges +€489
up €489 (+32.3%), from €1,513 to €2,002
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 | €281,258 | €280,965 | -€293 | -0.1% |
| Fixed assets | 21/28 | €25,705 | €20,416 | -€5,288 | -20.6% |
| Tangible fixed assets | 22/27 | €25,705 | €20,416 | -€5,288 | -20.6% |
| Plant, machinery and equipment | 23 | €1,331 | €1,858 | +€527 | +39.6% |
| Furniture and vehicles | 24 | €24,373 | €18,558 | -€5,815 | -23.9% |
| Current assets | 29/58 | €255,553 | €260,548 | +€4,995 | +2.0% |
| Stocks and contracts in progress | 3 | €158,358 | €147,259 | -€11,099 | -7.0% |
| Stocks | 30/36 | €158,358 | €147,259 | -€11,099 | -7.0% |
| Amounts receivable within one year | 40/41 | €27,042 | €37,568 | +€10,526 | +38.9% |
| Trade receivables | 40 | €19,314 | €30,897 | +€11,582 | +60.0% |
| Other amounts receivable | 41 | €7,728 | €6,671 | -€1,057 | -13.7% |
| Cash at bank and in hand | 54/58 | €70,153 | €75,722 | +€5,569 | +7.9% |
| Total equity and liabilities | 10/49 | €281,258 | €280,965 | -€293 | -0.1% |
| Equity | 10/15 | €236,452 | €232,373 | -€4,079 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,559 | €98,480 | -€4,079 | -4.0% |
| 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 | €100,699 | €96,620 | -€4,079 | -4.1% |
| Profit (loss) carried forward | 14 | €115,293 | €115,293 | = | 0.0% |
| Amounts payable | 17/49 | €44,806 | €48,592 | +€3,786 | +8.4% |
| Amounts payable within one year | 42/48 | €44,806 | €48,592 | +€3,786 | +8.4% |
| Trade debts | 44 | €22,154 | €20,903 | -€1,250 | -5.6% |
| Suppliers | 440/4 | €22,154 | €20,903 | -€1,250 | -5.6% |
| Taxes, remuneration and social security | 45 | €781 | €8,142 | +€7,361 | +942% |
| Taxes | 450/3 | €781 | €8,142 | +€7,361 | +942% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,871 | €19,546 | -€2,325 | -10.6% |
| Remuneration, social security and pensions | 62 | €1,316 | €926 | -€390 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,188 | €6,876 | +€688 | +11.1% |
| Other operating charges | 640/8 | €1,513 | €2,002 | +€489 | +32.3% |
| Gross operating margin | 9900 | €21,942 | €47,331 | +€25,389 | +116% |
| Operating profit (loss) | 9901 | €12,925 | €37,527 | +€24,602 | +190% |
| Financial income | 75/76B | €159 | €75 | -€84 | -52.8% |
| Recurring financial income | 75 | €159 | €75 | -€84 | -52.8% |
| Financial charges | 65/66B | €1,169 | €193 | -€976 | -83.5% |
| Recurring financial charges | 65 | €1,169 | €193 | -€976 | -83.5% |
| Profit (loss) for the period before taxes | 9903 | €11,916 | €37,409 | +€25,493 | +214% |
| Income taxes | 67/77 | €3,742 | €12,383 | +€8,641 | +231% |
| Profit (loss) for the period | 9904 | €8,174 | €25,026 | +€16,852 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €8,174 | €25,026 | +€16,852 | +206% |
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 22 October 2026 via checked.be.