Vangrootloon: 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.
What changed
Vangrootloon
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€282,870
2024 · €482,129-€199,259
Equity
€2.2m
2024 · €1.9m+€282,870
Cash
€790,477
2024 · €1.5m-€670,183
Balance sheet total
€6.2m
2024 · €7.2m-€988,727
Largest movements
Assets
- Cash -€670,183
down €670,183 (-45.9%), from €1.5m to €790,477
mainly Other debts (-€859,907) and Trade debts (-€515,052)
- Tangible fixed assets -€202,769
down €202,769 (-6.4%), from €3.2m to €3.0m
of which Land and buildings: -€135,609
- Receivables within one year -€181,219
down €181,219 (-7.6%), from €2.4m to €2.2m
of which Trade receivables: -€166,784
Equity and liabilities
- Other debts -€859,907
no longer reported in 2025 (was €859,907)
- Trade debts -€515,052
down €515,052 (-16.9%), from €3.1m to €2.5m
- Profit (loss) carried forward +€282,870
up €282,870 (+15.6%), from €1.8m to €2.1m
- Tax, wage and social debts +€153,290
up €153,290 (+13.9%), from €1.1m to €1.3m
of which Remuneration and social security: +€139,250
Income statement
- Turnover +€683,453
up €683,453 (+2.8%), from €24.5m to €25.2m
- Goods and materials +€656,124
up €656,124 (+5.2%), from €12.7m to €13.3m
of which Purchases: +€692,066
- Services and other goods +€410,770
up €410,770 (+13.7%), from €3.0m to €3.4m
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.
Result 2024
€482,129
Turnover
+€683,453
Other operating income
+€8,708
Goods and materials
-€656,124
Services and other goods
-€410,770
Staff costs
+€155,359
Depreciation
+€12,052
Other operating charges
-€11,568
Financial income
-€427
Financial charges
+€641
Taxes
+€19,419
Result 2025
€282,870
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.
From operations
-€166,646
Investment
-€460,307
Financing
-€43,230
Cash 2024
€1.5m
From operations (derived)
-€166,646
Net result for the year
+€282,870
Depreciation
+€663,076
Stocks and contracts
-€33,749
Receivables within one year
+€181,219
Deferred charges and accrued income
-€31,696
Trade debts
-€515,052
Tax, wage and social debts
+€153,290
Other debts
-€859,907
Accrued charges and deferred income
-€6,699
Investment (derived)
-€460,307
Investment in fixed assets (net)
-€460,307
Financing
-€43,230
Debts after one year
-€38,839
Current portion of long-term debt
-€4,391
Cash 2025
€790,477
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,213,761 | €6,225,034 | -€988,727 | -13.7% |
| Fixed assets | 21/28 | €3,255,111 | €3,052,342 | -€202,769 | -6.2% |
| Tangible fixed assets | 22/27 | €3,182,463 | €2,979,694 | -€202,769 | -6.4% |
| Land and buildings | 22 | €2,381,483 | €2,245,874 | -€135,609 | -5.7% |
| Plant, machinery and equipment | 23 | €764,115 | €715,359 | -€48,755 | -6.4% |
| Furniture and vehicles | 24 | €36,865 | €18,460 | -€18,405 | -49.9% |
| Financial fixed assets | 28 | €72,648 | €72,648 | = | 0.0% |
| Other financial fixed assets | 284/8 | €72,648 | €72,648 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €72,648 | €72,648 | = | 0.0% |
| Current assets | 29/58 | €3,958,650 | €3,172,693 | -€785,957 | -19.9% |
| Stocks and contracts in progress | 3 | €38,997 | €72,746 | +€33,749 | +86.5% |
| Stocks | 30/36 | €38,997 | €72,746 | +€33,749 | +86.5% |
| Raw materials and consumables | 30/31 | €38,997 | €72,746 | +€33,749 | +86.5% |
| Amounts receivable within one year | 40/41 | €2,394,666 | €2,213,447 | -€181,219 | -7.6% |
| Trade receivables | 40 | €2,227,305 | €2,060,521 | -€166,784 | -7.5% |
| Other amounts receivable | 41 | €167,361 | €152,926 | -€14,435 | -8.6% |
| Cash at bank and in hand | 54/58 | €1,460,661 | €790,477 | -€670,183 | -45.9% |
| Deferred charges and accrued income | 490/1 | €64,326 | €96,022 | +€31,696 | +49.3% |
| Total equity and liabilities | 10/49 | €7,213,761 | €6,225,034 | -€988,727 | -13.7% |
| Equity | 10/15 | €1,882,368 | €2,165,238 | +€282,870 | +15.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,814,718 | €2,097,588 | +€282,870 | +15.6% |
| Amounts payable | 17/49 | €5,331,393 | €4,059,796 | -€1.3m | -23.9% |
| Amounts payable after more than one year | 17 | €264,798 | €225,960 | -€38,839 | -14.7% |
| Financial debts | 170/4 | €264,798 | €225,960 | -€38,839 | -14.7% |
| Leasing and similar obligations | 172 | €264,798 | €225,960 | -€38,839 | -14.7% |
| Amounts payable within one year | 42/48 | €5,059,896 | €3,833,837 | -€1.2m | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €43,230 | €38,839 | -€4,391 | -10.2% |
| Trade debts | 44 | €3,053,689 | €2,538,638 | -€515,052 | -16.9% |
| Suppliers | 440/4 | €3,053,689 | €2,538,638 | -€515,052 | -16.9% |
| Taxes, remuneration and social security | 45 | €1,103,070 | €1,256,360 | +€153,290 | +13.9% |
| Taxes | 450/3 | €63,798 | €77,837 | +€14,039 | +22.0% |
| Remuneration and social security | 454/9 | €1,039,272 | €1,178,523 | +€139,250 | +13.4% |
| Other amounts payable | 47/48 | €859,907 | - | -€859,907 | |
| Accrued charges and deferred income | 492/3 | €6,699 | - | -€6,699 | |
| Operating income | 70/76A | €24,582,632 | €25,274,793 | +€692,161 | +2.8% |
| Turnover | 70 | €24,506,685 | €25,190,139 | +€683,453 | +2.8% |
| Other operating income | 74 | €75,946 | €84,654 | +€8,708 | +11.5% |
| Operating charges | 60/66A | €23,892,394 | €24,803,446 | +€911,053 | +3.8% |
| Goods for resale, raw materials and consumables | 60 | €12,653,732 | €13,309,856 | +€656,124 | +5.2% |
| Purchases | 600/8 | €12,651,540 | €13,343,605 | +€692,066 | +5.5% |
| Change in stocks: decrease (increase) | 609 | €2,192 | -€33,749 | -€35,941 | |
| Services and other goods | 61 | €2,995,658 | €3,406,428 | +€410,770 | +13.7% |
| Remuneration, social security and pensions | 62 | €7,547,397 | €7,392,038 | -€155,359 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675,128 | €663,076 | -€12,052 | -1.8% |
| Other operating charges | 640/8 | €20,479 | €32,048 | +€11,568 | +56.5% |
| Operating profit (loss) | 9901 | €690,238 | €471,347 | -€218,892 | -31.7% |
| Financial income | 75/76B | €11,552 | €11,125 | -€427 | -3.7% |
| Recurring financial income | 75 | €11,552 | €11,125 | -€427 | -3.7% |
| Other financial income | 752/9 | €11,552 | €11,125 | -€427 | -3.7% |
| Financial charges | 65/66B | €6,369 | €5,728 | -€641 | -10.1% |
| Recurring financial charges | 65 | €6,369 | €5,728 | -€641 | -10.1% |
| Debt charges | 650 | €6,182 | €5,449 | -€733 | -11.9% |
| Other financial charges | 652/9 | €187 | €279 | +€92 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €695,421 | €476,743 | -€218,678 | -31.4% |
| Income taxes | 67/77 | €213,292 | €193,873 | -€19,419 | -9.1% |
| Taxes | 670/3 | €213,292 | €193,873 | -€19,419 | -9.1% |
| Profit (loss) for the period | 9904 | €482,129 | €282,870 | -€199,259 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €482,129 | €282,870 | -€199,259 | -41.3% |
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.