VANOOTEGHEM: what changed
What changed
VANOOTEGHEM
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€65,014
2024 · €50,724+€14,290
Equity
€637,459
2024 · €622,445+€15,014
Cash
€118,201
2024 · €203,025-€84,824
Balance sheet total
€778,303
2024 · €694,943+€83,360
Largest movements
Assets
- Current investments +€200,000
up €200,000 (+200%), from €100,000 to €300,000
- Stocks and contracts -€100,799
down €100,799 (-80.4%), from €125,312 to €24,513
- Cash -€84,824
down €84,824 (-41.8%), from €203,025 to €118,201
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€72,041)
- Tangible fixed assets +€53,090
up €53,090 (+31.4%), from €169,016 to €222,106
of which Leasing and similar rights: +€66,831
- Receivables within one year +€20,280
up €20,280 (+22.7%), from €89,315 to €109,595
of which Trade receivables: +€13,913
Equity and liabilities
- Debts after one year +€43,265
new in 2025: €43,265
- Current portion of long-term debt +€18,165
new in 2025: €18,165
- Profit (loss) carried forward +€15,014
up €15,014 (+3.3%), from €452,445 to €467,459
Income statement
- Depreciation -€5,592
down €5,592 (-22.8%), from €24,543 to €18,951
- Gross operating margin +€4,303
up €4,303 (+2.9%), from €146,160 to €150,463
- Taxes +€2,918
up €2,918 (+299%), from €976 to €3,894
- Other operating charges -€2,207
down €2,207 (-17.0%), from €12,946 to €10,739
- Staff costs +€1,755
up €1,755 (+3.5%), from €50,720 to €52,476
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
€50,724
Gross operating margin
+€4,303
Staff costs
-€1,755
Depreciation
+€5,592
Other operating charges
+€2,207
Other operating items
+€7,370
Financial income
+€412
Financial charges
-€920
Taxes
-€2,918
Result 2025
€65,014
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
+€175,787
Investment
-€272,041
Financing
+€11,430
Cash 2024
€203,025
From operations (derived)
+€175,787
Net result for the year
+€65,014
Depreciation
+€18,951
Stocks and contracts
+€100,799
Receivables within one year
-€20,280
Deferred charges and accrued income
+€4,386
Trade debts
+€4,923
Tax, wage and social debts
+€2,518
Accrued charges and deferred income
-€525
Investment (derived)
-€272,041
Investment in fixed assets (net)
-€72,041
Current investments
-€200,000
Financing
+€11,430
Debts after one year
+€43,265
Current portion of long-term debt
+€18,165
Contributions, distributions and other
-€50,000
Cash 2025
€118,201
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €694,943 | €778,303 | +€83,360 | +12.0% |
| Fixed assets | 21/28 | €169,016 | €222,106 | +€53,090 | +31.4% |
| Tangible fixed assets | 22/27 | €169,016 | €222,106 | +€53,090 | +31.4% |
| Land and buildings | 22 | €137,194 | €137,194 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,372 | €507 | -€5,865 | -92.0% |
| Furniture and vehicles | 24 | €25,450 | €17,573 | -€7,877 | -30.9% |
| Leasing and similar rights | 25 | €0 | €66,831 | +€66,831 | |
| Current assets | 29/58 | €525,927 | €556,197 | +€30,270 | +5.8% |
| Stocks and contracts in progress | 3 | €125,312 | €24,513 | -€100,799 | -80.4% |
| Stocks | 30/36 | €125,312 | €24,513 | -€100,799 | -80.4% |
| Amounts receivable within one year | 40/41 | €89,315 | €109,595 | +€20,280 | +22.7% |
| Trade receivables | 40 | €82,094 | €96,007 | +€13,913 | +16.9% |
| Other amounts receivable | 41 | €7,221 | €13,588 | +€6,367 | +88.2% |
| Current investments | 50/53 | €100,000 | €300,000 | +€200,000 | +200% |
| Cash at bank and in hand | 54/58 | €203,025 | €118,201 | -€84,824 | -41.8% |
| Deferred charges and accrued income | 490/1 | €8,274 | €3,888 | -€4,386 | -53.0% |
| Total equity and liabilities | 10/49 | €694,943 | €778,303 | +€83,360 | +12.0% |
| Equity | 10/15 | €622,445 | €637,459 | +€15,014 | +2.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €452,445 | €467,459 | +€15,014 | +3.3% |
| Amounts payable | 17/49 | €72,498 | €140,844 | +€68,346 | +94.3% |
| Amounts payable after more than one year | 17 | - | €43,265 | +€43,265 | |
| Financial debts | 170/4 | - | €43,265 | +€43,265 | |
| Amounts payable within one year | 42/48 | €71,948 | €97,554 | +€25,606 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | - | €18,165 | +€18,165 | |
| Trade debts | 44 | €19,078 | €24,001 | +€4,923 | +25.8% |
| Suppliers | 440/4 | €19,078 | €24,001 | +€4,923 | +25.8% |
| Taxes, remuneration and social security | 45 | €2,870 | €5,388 | +€2,518 | +87.7% |
| Taxes | 450/3 | €314 | €2,673 | +€2,359 | +752% |
| Remuneration and social security | 454/9 | €2,556 | €2,715 | +€159 | +6.2% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €550 | €25 | -€525 | -95.4% |
| Remuneration, social security and pensions | 62 | €50,720 | €52,476 | +€1,755 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,543 | €18,951 | -€5,592 | -22.8% |
| Other operating charges | 640/8 | €12,946 | €10,739 | -€2,207 | -17.0% |
| Non-recurring operating charges | 66A | €7,370 | €0 | -€7,370 | -100% |
| Gross operating margin | 9900 | €146,160 | €150,463 | +€4,303 | +2.9% |
| Operating profit (loss) | 9901 | €50,581 | €68,297 | +€17,716 | +35.0% |
| Financial income | 75/76B | €1,526 | €1,938 | +€412 | +27.0% |
| Recurring financial income | 75 | €1,526 | €1,938 | +€412 | +27.0% |
| Financial charges | 65/66B | €407 | €1,327 | +€920 | +226% |
| Recurring financial charges | 65 | €407 | €1,327 | +€920 | +226% |
| Profit (loss) for the period before taxes | 9903 | €51,700 | €68,909 | +€17,208 | +33.3% |
| Income taxes | 67/77 | €976 | €3,894 | +€2,918 | +299% |
| Profit (loss) for the period | 9904 | €50,724 | €65,014 | +€14,290 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,724 | €65,014 | +€14,290 | +28.2% |
Next steps
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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.