Vankelecom Bram: 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.
Vankelecom Bram
Largest movements
- Tangible fixed assets -€9,494
down €9,494 (-20.8%), from €45,753 to €36,259
of which Other tangible fixed assets: -€8,052
- Deferred charges and accrued income +€4,556
new in 2025: €4,556
- Cash -€2,240
down €2,240 (-71.2%), from €3,145 to €906
mainly Trade debts (-€10,015) and Deferred charges and accrued income (-€4,556)
- Receivables within one year +€1,830
up €1,830 (+24.4%), from €7,493 to €9,323
of which Trade receivables: +€9,067
- Intangible fixed assets -€795
down €795 (-28.6%), from €2,775 to €1,980
- Trade debts -€10,015
down €10,015 (-53.2%), from €18,833 to €8,818
- Debts after one year +€7,239
up €7,239 (+7.7%), from €93,871 to €101,110
of which Financial debts: +€7,239
- Tax, wage and social debts -€3,495
down €3,495 (-79.4%), from €4,403 to €908
of which Remuneration and social security: -€2,104
- Other debts +€2,938
up €2,938 (+27.1%), from €10,824 to €13,762
- Short-term financial debts -€1,731
down €1,731 (-66.1%), from €2,619 to €888
- Gross operating margin +€60,973
up €60,973, from -€19,423 to €41,550
- Staff costs -€15,714
down €15,714 (-60.0%), from €26,185 to €10,471
- Depreciation -€3,103
down €3,103 (-23.2%), from €13,392 to €10,289
- Other operating charges -€2,203
down €2,203 (-34.6%), from €6,365 to €4,162
- Financial charges +€2,052
up €2,052 (+15.5%), from €13,238 to €15,291
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,166 | €62,579 | -€5,587 | -8.2% |
| Fixed assets | 21/28 | €57,528 | €47,239 | -€10,289 | -17.9% |
| Intangible fixed assets | 21 | €2,775 | €1,980 | -€795 | -28.6% |
| Tangible fixed assets | 22/27 | €45,753 | €36,259 | -€9,494 | -20.8% |
| Plant, machinery and equipment | 23 | €1,255 | €935 | -€320 | -25.5% |
| Furniture and vehicles | 24 | €3,913 | €2,791 | -€1,122 | -28.7% |
| Other tangible fixed assets | 26 | €40,585 | €32,533 | -€8,052 | -19.8% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €10,639 | €15,340 | +€4,702 | +44.2% |
| Stocks and contracts in progress | 3 | - | €556 | +€556 | |
| Stocks | 30/36 | - | €556 | +€556 | |
| Amounts receivable within one year | 40/41 | €7,493 | €9,323 | +€1,830 | +24.4% |
| Trade receivables | 40 | - | €9,067 | +€9,067 | |
| Other amounts receivable | 41 | €7,493 | €256 | -€7,237 | -96.6% |
| Cash at bank and in hand | 54/58 | €3,145 | €906 | -€2,240 | -71.2% |
| Deferred charges and accrued income | 490/1 | - | €4,556 | +€4,556 | |
| Total equity and liabilities | 10/49 | €68,166 | €62,579 | -€5,587 | -8.2% |
| Equity | 10/15 | -€78,629 | -€80,136 | -€1,508 | -1.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,729 | -€80,236 | -€1,508 | -1.9% |
| Amounts payable | 17/49 | €146,795 | €142,715 | -€4,080 | -2.8% |
| Amounts payable after more than one year | 17 | €93,871 | €101,110 | +€7,239 | +7.7% |
| Financial debts | 170/4 | €57,898 | €65,137 | +€7,239 | +12.5% |
| Other amounts payable | 178/9 | €35,973 | €35,973 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,924 | €41,606 | -€11,319 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €15,780 | €16,765 | +€985 | +6.2% |
| Financial debts | 43 | €2,619 | €888 | -€1,731 | -66.1% |
| Credit institutions | 430/8 | €2,619 | €888 | -€1,731 | -66.1% |
| Trade debts | 44 | €18,833 | €8,818 | -€10,015 | -53.2% |
| Suppliers | 440/4 | €18,833 | €8,818 | -€10,015 | -53.2% |
| Advances received on contracts in progress | 46 | €466 | €466 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,403 | €908 | -€3,495 | -79.4% |
| Taxes | 450/3 | €1,707 | €316 | -€1,391 | -81.5% |
| Remuneration and social security | 454/9 | €2,696 | €591 | -€2,104 | -78.1% |
| Other amounts payable | 47/48 | €10,824 | €13,762 | +€2,938 | +27.1% |
| Non-recurring operating income | 76A | - | €7,309 | +€7,309 | |
| Remuneration, social security and pensions | 62 | €26,185 | €10,471 | -€15,714 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,392 | €10,289 | -€3,103 | -23.2% |
| Other operating charges | 640/8 | €6,365 | €4,162 | -€2,203 | -34.6% |
| Non-recurring operating charges | 66A | - | €2,717 | +€2,717 | |
| Gross operating margin | 9900 | -€19,423 | €41,550 | +€60,973 | |
| Operating profit (loss) | 9901 | -€65,366 | €13,912 | +€79,277 | |
| Financial income | 75/76B | €41 | €3 | -€37 | -91.9% |
| Recurring financial income | 75 | €41 | €3 | -€37 | -91.9% |
| Financial charges | 65/66B | €13,238 | €15,291 | +€2,052 | +15.5% |
| Recurring financial charges | 65 | €13,238 | €15,291 | +€2,052 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€78,563 | -€1,376 | +€77,188 | +98.2% |
| Income taxes | 67/77 | €165 | €132 | -€33 | -20.1% |
| Profit (loss) for the period | 9904 | -€78,729 | -€1,508 | +€77,221 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,729 | -€1,508 | +€77,221 | +98.1% |
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 28 September 2026 via checked.be.