VANMANSHOVEN GUSTAAF: 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.
VANMANSHOVEN GUSTAAF
Largest movements
- Tangible fixed assets -€12,274
down €12,274 (-7.3%), from €167,925 to €155,651
of which Land and buildings: -€6,369
- Cash -€11,591
down €11,591 (-55.0%), from €21,073 to €9,483
mainly Other debts (-€17,956) and Investment in fixed assets (net) (-€17,259)
- Receivables within one year +€10,224
up €10,224 (+668%), from €1,530 to €11,754
of which Other amounts receivable: +€10,430
- Other debts -€17,956
down €17,956 (-14.4%), from €125,051 to €107,095
- Profit (loss) carried forward +€4,497
up €4,497 (+11.4%), from €39,615 to €44,111
- Financial charges +€37,779
up €37,779 (+24,731%), from €153 to €37,931
of which Non-recurring financial charges: +€37,664
- Financial income +€30,000
new in 2025: €30,000
of which Non-recurring financial income: +€30,000
- Taxes -€11,301
down €11,301 (-76.0%), from €14,871 to €3,570
- Gross operating margin -€5,710
down €5,710 (-10.7%), from €53,202 to €47,492
- Provisions +€5,000
no longer reported in 2025 (was -€5,000)
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 | €190,529 | €177,069 | -€13,460 | -7.1% |
| Fixed assets | 21/28 | €167,925 | €155,651 | -€12,274 | -7.3% |
| Tangible fixed assets | 22/27 | €167,925 | €155,651 | -€12,274 | -7.3% |
| Land and buildings | 22 | €41,606 | €35,236 | -€6,369 | -15.3% |
| Plant, machinery and equipment | 23 | €1,219 | - | -€1,219 | |
| Furniture and vehicles | 24 | €125,101 | €120,415 | -€4,686 | -3.7% |
| Current assets | 29/58 | €22,603 | €21,418 | -€1,185 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,530 | €11,754 | +€10,224 | +668% |
| Trade receivables | 40 | €1,530 | €1,324 | -€206 | -13.5% |
| Other amounts receivable | 41 | - | €10,430 | +€10,430 | |
| Cash at bank and in hand | 54/58 | €21,073 | €9,483 | -€11,591 | -55.0% |
| Deferred charges and accrued income | 490/1 | - | €181 | +€181 | |
| Total equity and liabilities | 10/49 | €190,529 | €177,069 | -€13,460 | -7.1% |
| Equity | 10/15 | €65,478 | €69,975 | +€4,497 | +6.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €4,863 | €4,863 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,863 | €4,863 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,863 | €4,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,615 | €44,111 | +€4,497 | +11.4% |
| Amounts payable | 17/49 | €125,051 | €107,095 | -€17,956 | -14.4% |
| Amounts payable within one year | 42/48 | €125,051 | €107,095 | -€17,956 | -14.4% |
| Other amounts payable | 47/48 | €125,051 | €107,095 | -€17,956 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,008 | €29,534 | -€1,474 | -4.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | - | +€5,000 | |
| Other operating charges | 640/8 | €3,940 | €1,960 | -€1,980 | -50.2% |
| Gross operating margin | 9900 | €53,202 | €47,492 | -€5,710 | -10.7% |
| Operating profit (loss) | 9901 | €23,254 | €15,998 | -€7,256 | -31.2% |
| Financial income | 75/76B | - | €30,000 | +€30,000 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €30,000 | +€30,000 | |
| Financial charges | 65/66B | €153 | €37,931 | +€37,779 | +24,731% |
| Recurring financial charges | 65 | €153 | €267 | +€115 | +75.0% |
| Non-recurring financial charges | 66B | - | €37,664 | +€37,664 | |
| Profit (loss) for the period before taxes | 9903 | €23,101 | €8,067 | -€15,034 | -65.1% |
| Income taxes | 67/77 | €14,871 | €3,570 | -€11,301 | -76.0% |
| Profit (loss) for the period | 9904 | €8,230 | €4,497 | -€3,734 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,230 | €4,497 | -€3,734 | -45.4% |
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 23 October 2026 via checked.be.