VANKELEGOM: 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.
VANKELEGOM
Largest movements
- Tangible fixed assets -€138,711
down €138,711 (-8.7%), from €1.6m to €1.5m
of which Leasing and similar rights: -€92,086
- Receivables after one year +€130,000
up €130,000 (+737%), from €17,649 to €147,649
- Cash -€80,327
down €80,327 (-36.9%), from €217,781 to €137,455
mainly Debts after one year (-€145,628) and Receivables after one year (-€130,000)
- Receivables within one year +€35,133
up €35,133 (+32.7%), from €107,460 to €142,593
of which Trade receivables: +€33,364
- Debts after one year -€145,628
down €145,628 (-13.9%), from €1.1m to €904,951
- Profit (loss) carried forward +€93,721
new in 2025: €93,721
- Tax, wage and social debts +€24,024
up €24,024 (+59.6%), from €40,340 to €64,364
of which Taxes: +€22,686
- Accrued charges and deferred income +€21,659
up €21,659 (+1,855%), from €1,168 to €22,826
- Gross operating margin -€39,639
down €39,639 (-5.4%), from €734,147 to €694,508
- Staff costs +€15,838
up €15,838 (+4.8%), from €328,229 to €344,067
- Other operating charges -€8,013
down €8,013 (-17.5%), from €45,822 to €37,809
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 | €1,967,703 | €1,945,079 | -€22,624 | -1.1% |
| Fixed assets | 21/28 | €1,602,886 | €1,471,630 | -€131,256 | -8.2% |
| Intangible fixed assets | 21 | - | €6,061 | +€6,061 | |
| Tangible fixed assets | 22/27 | €1,595,701 | €1,456,989 | -€138,711 | -8.7% |
| Land and buildings | 22 | €794,415 | €790,396 | -€4,019 | -0.5% |
| Plant, machinery and equipment | 23 | €125,205 | €96,009 | -€29,195 | -23.3% |
| Furniture and vehicles | 24 | €31,480 | €18,069 | -€13,411 | -42.6% |
| Leasing and similar rights | 25 | €644,601 | €552,515 | -€92,086 | -14.3% |
| Financial fixed assets | 28 | €7,185 | €8,580 | +€1,395 | +19.4% |
| Current assets | 29/58 | €364,817 | €473,449 | +€108,632 | +29.8% |
| Amounts receivable after more than one year | 29 | €17,649 | €147,649 | +€130,000 | +737% |
| Other amounts receivable | 291 | €17,649 | €147,649 | +€130,000 | +737% |
| Stocks and contracts in progress | 3 | - | €12,825 | +€12,825 | |
| Stocks | 30/36 | - | €12,825 | +€12,825 | |
| Amounts receivable within one year | 40/41 | €107,460 | €142,593 | +€35,133 | +32.7% |
| Trade receivables | 40 | €104,255 | €137,619 | +€33,364 | +32.0% |
| Other amounts receivable | 41 | €3,205 | €4,974 | +€1,769 | +55.2% |
| Cash at bank and in hand | 54/58 | €217,781 | €137,455 | -€80,327 | -36.9% |
| Deferred charges and accrued income | 490/1 | €21,926 | €32,927 | +€11,000 | +50.2% |
| Total equity and liabilities | 10/49 | €1,967,703 | €1,945,079 | -€22,624 | -1.1% |
| Equity | 10/15 | €678,169 | €771,890 | +€93,721 | +13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €665,769 | €665,769 | = | 0.0% |
| Distributable reserves | 133 | €665,769 | €665,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €93,721 | +€93,721 | |
| Amounts payable | 17/49 | €1,289,534 | €1,173,189 | -€116,345 | -9.0% |
| Amounts payable after more than one year | 17 | €1,050,579 | €904,951 | -€145,628 | -13.9% |
| Financial debts | 170/4 | €1,050,579 | €904,951 | -€145,628 | -13.9% |
| Amounts payable within one year | 42/48 | €237,787 | €245,412 | +€7,625 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €160,872 | €145,628 | -€15,245 | -9.5% |
| Trade debts | 44 | €36,574 | €35,420 | -€1,155 | -3.2% |
| Suppliers | 440/4 | €36,574 | €35,420 | -€1,155 | -3.2% |
| Taxes, remuneration and social security | 45 | €40,340 | €64,364 | +€24,024 | +59.6% |
| Taxes | 450/3 | €7,988 | €30,674 | +€22,686 | +284% |
| Remuneration and social security | 454/9 | €32,352 | €33,690 | +€1,338 | +4.1% |
| Accrued charges and deferred income | 492/3 | €1,168 | €22,826 | +€21,659 | +1,855% |
| Non-recurring operating income | 76A | €10,261 | €2,601 | -€7,660 | -74.6% |
| Remuneration, social security and pensions | 62 | €328,229 | €344,067 | +€15,838 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,146 | €149,246 | -€2,900 | -1.9% |
| Other operating charges | 640/8 | €45,822 | €37,809 | -€8,013 | -17.5% |
| Gross operating margin | 9900 | €734,147 | €694,508 | -€39,639 | -5.4% |
| Operating profit (loss) | 9901 | €207,951 | €163,387 | -€44,564 | -21.4% |
| Financial income | 75/76B | €1 | €173 | +€172 | +16,980% |
| Recurring financial income | 75 | €1 | €173 | +€172 | +16,980% |
| Financial charges | 65/66B | €40,178 | €34,296 | -€5,882 | -14.6% |
| Recurring financial charges | 65 | €40,178 | €34,296 | -€5,882 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €167,774 | €129,263 | -€38,510 | -23.0% |
| Income taxes | 67/77 | €42,096 | €35,543 | -€6,553 | -15.6% |
| Profit (loss) for the period | 9904 | €125,677 | €93,721 | -€31,957 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,677 | €93,721 | -€31,957 | -25.4% |
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 13 October 2026 via checked.be.