VANMATEC: what changed
What changed
VANMATEC
NACE 43.212, Electrical installation work in industrial facilities
filed annual accounts (NBB)
Net result for the year
€150,767
2024 · €84,564+€66,202
Equity
€380,215
2024 · €335,285+€44,930
Cash
€304,499
2024 · €246,428+€58,071
Balance sheet total
€1.1m
2024 · €1.0m+€133,570
Largest movements
Assets
- Tangible fixed assets +€63,094
up €63,094 (+10.9%), from €577,595 to €640,689
of which Plant, machinery and equipment: +€107,022
- Cash +€58,071
up €58,071 (+23.6%), from €246,428 to €304,499
mainly Net result for the year (+€150,767) and Depreciation (+€79,119)
- Stocks and contracts +€15,661
up €15,661 (+16.7%), from €94,001 to €109,662
of which Contracts in progress: +€25,138
Equity and liabilities
- Debts after one year +€52,713
up €52,713 (+12.3%), from €427,250 to €479,963
- Reserves +€44,930
up €44,930 (+14.2%), from €316,685 to €361,615
- Accrued charges and deferred income -€44,740
down €44,740 (-83.3%), from €53,693 to €8,953
- Other debts +€25,524
up €25,524 (+29.3%), from €87,029 to €112,553
- Current portion of long-term debt +€25,349
up €25,349 (+65.5%), from €38,700 to €64,049
Income statement
- Gross operating margin +€98,000
up €98,000 (+49.6%), from €197,389 to €295,389
- Depreciation +€21,595
up €21,595 (+37.5%), from €57,524 to €79,119
- Taxes +€9,374
up €9,374 (+29.0%), from €32,350 to €41,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€84,564
Gross operating margin
+€98,000
Staff costs
+€454
Depreciation
-€21,595
Other operating charges
-€292
Other operating items
+€706
Financial income
+€341
Financial charges
-€2,037
Taxes
-€9,374
Result 2025
€150,767
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€228,311
Investment
-€142,466
Financing
-€27,775
Cash 2024
€246,428
From operations (derived)
+€228,311
Net result for the year
+€150,767
Depreciation
+€79,119
Stocks and contracts
-€15,661
Receivables within one year
+€557
Deferred charges and accrued income
+€2,951
Trade debts
+€6,714
Tax, wage and social debts
+€23,080
Other debts
+€25,524
Accrued charges and deferred income
-€44,740
Investment (derived)
-€142,466
Investment in fixed assets (net)
-€142,466
Financing
-€27,775
Debts after one year
+€52,713
Current portion of long-term debt
+€25,349
Contributions, distributions and other
-€105,836
Cash 2025
€304,499
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,001,661 | €1,135,231 | +€133,570 | +13.3% |
| Fixed assets | 21/28 | €577,595 | €640,942 | +€63,347 | +11.0% |
| Tangible fixed assets | 22/27 | €577,595 | €640,689 | +€63,094 | +10.9% |
| Land and buildings | 22 | €522,306 | €489,576 | -€32,730 | -6.3% |
| Plant, machinery and equipment | 23 | €30,903 | €137,925 | +€107,022 | +346% |
| Furniture and vehicles | 24 | €24,385 | €13,188 | -€11,197 | -45.9% |
| Financial fixed assets | 28 | - | €252 | +€252 | |
| Current assets | 29/58 | €424,066 | €494,289 | +€70,224 | +16.6% |
| Stocks and contracts in progress | 3 | €94,001 | €109,662 | +€15,661 | +16.7% |
| Stocks | 30/36 | €64,265 | €54,787 | -€9,477 | -14.7% |
| Contracts in progress | 37 | €29,737 | €54,874 | +€25,138 | +84.5% |
| Amounts receivable within one year | 40/41 | €75,902 | €75,345 | -€557 | -0.7% |
| Trade receivables | 40 | €47,256 | €55,217 | +€7,961 | +16.8% |
| Other amounts receivable | 41 | €28,646 | €20,128 | -€8,518 | -29.7% |
| Cash at bank and in hand | 54/58 | €246,428 | €304,499 | +€58,071 | +23.6% |
| Deferred charges and accrued income | 490/1 | €7,735 | €4,784 | -€2,951 | -38.2% |
| Total equity and liabilities | 10/49 | €1,001,661 | €1,135,231 | +€133,570 | +13.3% |
| Equity | 10/15 | €335,285 | €380,215 | +€44,930 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €316,685 | €361,615 | +€44,930 | +14.2% |
| Distributable reserves | 133 | €316,685 | €361,615 | +€44,930 | +14.2% |
| Amounts payable | 17/49 | €666,376 | €755,016 | +€88,640 | +13.3% |
| Amounts payable after more than one year | 17 | €427,250 | €479,963 | +€52,713 | +12.3% |
| Financial debts | 170/4 | €427,250 | €479,963 | +€52,713 | +12.3% |
| Amounts payable within one year | 42/48 | €185,433 | €266,100 | +€80,667 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €38,700 | €64,049 | +€25,349 | +65.5% |
| Trade debts | 44 | €49,958 | €56,672 | +€6,714 | +13.4% |
| Suppliers | 440/4 | €49,958 | €56,672 | +€6,714 | +13.4% |
| Taxes, remuneration and social security | 45 | €9,746 | €32,826 | +€23,080 | +237% |
| Taxes | 450/3 | €9,746 | €32,826 | +€23,080 | +237% |
| Other amounts payable | 47/48 | €87,029 | €112,553 | +€25,524 | +29.3% |
| Accrued charges and deferred income | 492/3 | €53,693 | €8,953 | -€44,740 | -83.3% |
| Remuneration, social security and pensions | 62 | €1,153 | €699 | -€454 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,524 | €79,119 | +€21,595 | +37.5% |
| Other operating charges | 640/8 | €6,179 | €6,471 | +€292 | +4.7% |
| Non-recurring operating charges | 66A | €1,018 | €312 | -€706 | -69.3% |
| Gross operating margin | 9900 | €197,389 | €295,389 | +€98,000 | +49.6% |
| Operating profit (loss) | 9901 | €131,515 | €208,788 | +€77,272 | +58.8% |
| Financial income | 75/76B | €317 | €658 | +€341 | +108% |
| Recurring financial income | 75 | €317 | €658 | +€341 | +108% |
| Financial charges | 65/66B | €14,918 | €16,955 | +€2,037 | +13.7% |
| Recurring financial charges | 65 | €14,918 | €16,955 | +€2,037 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €116,914 | €192,491 | +€75,576 | +64.6% |
| Income taxes | 67/77 | €32,350 | €41,724 | +€9,374 | +29.0% |
| Profit (loss) for the period | 9904 | €84,564 | €150,767 | +€66,202 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,564 | €150,767 | +€66,202 | +78.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.