Vankeirsbilck: 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.
What changed
Vankeirsbilck
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,318
2024 · €75,951-€66,633
Equity
€1.2m
2024 · €1.2m+€9,318
Cash
€13,173
2024 · €65,392-€52,219
Balance sheet total
€6.2m
2024 · €6.2m+€32,450
Largest movements
Assets
- Tangible fixed assets +€92,032
up €92,032 (+6.4%), from €1.4m to €1.5m
of which Land and buildings: +€97,182
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€40,173
down €40,173 (-5.5%), from €732,165 to €691,992
- Depreciation +€22,552
up €22,552 (+28.0%), from €80,493 to €103,045
- Taxes -€20,283
down €20,283 (-77.2%), from €26,265 to €5,981
- Staff costs +€11,377
up €11,377 (+2.6%), from €444,271 to €455,648
- Financial charges +€10,039
up €10,039 (+13.8%), from €72,799 to €82,838
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
€75,951
Gross operating margin
-€40,173
Staff costs
-€11,377
Depreciation
-€22,552
Other operating charges
-€1,489
Financial income
-€1,287
Financial charges
-€10,039
Taxes
+€20,283
Result 2025
€9,318
raises the resultlowers the result
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.
From operations
+€148,300
Investment
-€195,077
Financing
-€5,442
Cash 2024
€65,392
From operations (derived)
+€148,300
Net result for the year
+€9,318
Depreciation
+€103,045
Receivables within one year
+€7,207
Deferred charges and accrued income
+€156
Trade debts
+€14,121
Tax, wage and social debts
+€6,418
Other debts
-€3,776
Accrued charges and deferred income
+€11,812
Investment (derived)
-€195,077
Investment in fixed assets (net)
-€195,077
Financing
-€5,442
Debts after one year
-€7,073
Current portion of long-term debt
+€1,631
Cash 2025
€13,173
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,207,078 | €6,239,529 | +€32,450 | +0.5% |
| Fixed assets | 21/28 | €5,980,053 | €6,072,085 | +€92,032 | +1.5% |
| Tangible fixed assets | 22/27 | €1,445,497 | €1,537,529 | +€92,032 | +6.4% |
| Land and buildings | 22 | €1,430,047 | €1,527,229 | +€97,182 | +6.8% |
| Plant, machinery and equipment | 23 | €1,203 | €802 | -€401 | -33.3% |
| Furniture and vehicles | 24 | €14,246 | €9,498 | -€4,749 | -33.3% |
| Financial fixed assets | 28 | €4,534,556 | €4,534,556 | = | 0.0% |
| Current assets | 29/58 | €227,025 | €167,443 | -€59,582 | -26.2% |
| Amounts receivable within one year | 40/41 | €156,102 | €148,895 | -€7,207 | -4.6% |
| Trade receivables | 40 | €131,980 | €104,876 | -€27,104 | -20.5% |
| Other amounts receivable | 41 | €24,122 | €44,019 | +€19,897 | +82.5% |
| Cash at bank and in hand | 54/58 | €65,392 | €13,173 | -€52,219 | -79.9% |
| Deferred charges and accrued income | 490/1 | €5,531 | €5,375 | -€156 | -2.8% |
| Total equity and liabilities | 10/49 | €6,207,078 | €6,239,529 | +€32,450 | +0.5% |
| Equity | 10/15 | €1,165,674 | €1,174,991 | +€9,318 | +0.8% |
| Contributions | 10/11 | €133,119 | €133,119 | = | 0.0% |
| Capital | 10 | €133,119 | €133,119 | = | 0.0% |
| Issued capital | 100 | €133,119 | €133,119 | = | 0.0% |
| Reserves | 13 | €1,032,312 | €1,041,312 | +€9,000 | +0.9% |
| Non-distributable reserves | 130/1 | €13,312 | €13,312 | = | 0.0% |
| Legal reserve | 130 | €13,312 | €13,312 | = | 0.0% |
| Distributable reserves | 133 | €1,019,000 | €1,028,000 | +€9,000 | +0.9% |
| Profit (loss) carried forward | 14 | €243 | €560 | +€318 | +131% |
| Amounts payable | 17/49 | €5,041,405 | €5,064,538 | +€23,133 | +0.5% |
| Amounts payable after more than one year | 17 | €4,747,695 | €4,740,622 | -€7,073 | -0.1% |
| Financial debts | 170/4 | €3,881,695 | €3,762,622 | -€119,073 | -3.1% |
| Other amounts payable | 178/9 | €866,000 | €978,000 | +€112,000 | +12.9% |
| Amounts payable within one year | 42/48 | €240,244 | €258,638 | +€18,394 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €129,003 | €130,634 | +€1,631 | +1.3% |
| Trade debts | 44 | €25,323 | €39,444 | +€14,121 | +55.8% |
| Suppliers | 440/4 | €25,323 | €39,444 | +€14,121 | +55.8% |
| Taxes, remuneration and social security | 45 | €81,307 | €87,725 | +€6,418 | +7.9% |
| Taxes | 450/3 | €28,557 | €34,029 | +€5,472 | +19.2% |
| Remuneration and social security | 454/9 | €52,750 | €53,696 | +€946 | +1.8% |
| Other amounts payable | 47/48 | €4,610 | €834 | -€3,776 | -81.9% |
| Accrued charges and deferred income | 492/3 | €53,466 | €65,278 | +€11,812 | +22.1% |
| Remuneration, social security and pensions | 62 | €444,271 | €455,648 | +€11,377 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,493 | €103,045 | +€22,552 | +28.0% |
| Other operating charges | 640/8 | €33,673 | €35,162 | +€1,489 | +4.4% |
| Gross operating margin | 9900 | €732,165 | €691,992 | -€40,173 | -5.5% |
| Operating profit (loss) | 9901 | €173,727 | €98,137 | -€75,590 | -43.5% |
| Financial income | 75/76B | €1,287 | - | -€1,287 | |
| Recurring financial income | 75 | €1,287 | - | -€1,287 | |
| Financial charges | 65/66B | €72,799 | €82,838 | +€10,039 | +13.8% |
| Recurring financial charges | 65 | €72,799 | €82,838 | +€10,039 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €102,215 | €15,299 | -€86,917 | -85.0% |
| Income taxes | 67/77 | €26,265 | €5,981 | -€20,283 | -77.2% |
| Profit (loss) for the period | 9904 | €75,951 | €9,318 | -€66,633 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,951 | €9,318 | -€66,633 | -87.7% |
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 17 October 2026 via checked.be.