VANOPBROEKE: 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.
VANOPBROEKE
Largest movements
- Cash -€16,183
down €16,183 (-16.6%), from €97,773 to €81,590
mainly Contributions, distributions and other (-€80,000) and Other debts (-€46,032)
- Receivables within one year -€7,342
down €7,342 (-34.8%), from €21,122 to €13,780
of which Trade receivables: -€10,645
- Tangible fixed assets -€1,600
down €1,600 (-55.2%), from €2,897 to €1,297
of which Other tangible fixed assets: -€826
- Stocks and contracts -€1,520
down €1,520 (-10.7%), from €14,167 to €12,647
- Other debts -€46,032
down €46,032 (-38.9%), from €118,382 to €72,349
- Reserves +€27,987
up €27,987 (+3475.1%), from €805 to €28,793
- Trade debts -€8,399
down €8,399 (-88.4%), from €9,501 to €1,103
- Current portion of long-term debt -€3,044
down €3,044 (-100.0%), from €3,044 to €0
- Tax, wage and social debts +€2,873
up €2,873, from €0 to €2,873
- Financial income -€9,758
down €9,758 (-69.5%), from €14,032 to €4,273
- Depreciation -€1,962
down €1,962 (-55.1%), from €3,563 to €1,600
- Taxes -€1,891
down €1,891 (-5.8%), from €32,606 to €30,715
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 | €136,732 | €110,118 | -€26,614 | -19.5% |
| Fixed assets | 21/28 | €2,897 | €1,297 | -€1,600 | -55.2% |
| Tangible fixed assets | 22/27 | €2,897 | €1,297 | -€1,600 | -55.2% |
| Plant, machinery and equipment | 23 | €1,509 | €994 | -€516 | -34.2% |
| Furniture and vehicles | 24 | €259 | €0 | -€259 | -100.0% |
| Other tangible fixed assets | 26 | €1,129 | €303 | -€826 | -73.1% |
| Current assets | 29/58 | €133,835 | €108,821 | -€25,014 | -18.7% |
| Stocks and contracts in progress | 3 | €14,167 | €12,647 | -€1,520 | -10.7% |
| Stocks | 30/36 | €14,167 | €12,647 | -€1,520 | -10.7% |
| Amounts receivable within one year | 40/41 | €21,122 | €13,780 | -€7,342 | -34.8% |
| Trade receivables | 40 | €14,009 | €3,364 | -€10,645 | -76.0% |
| Other amounts receivable | 41 | €7,113 | €10,416 | +€3,303 | +46.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €97,773 | €81,590 | -€16,183 | -16.6% |
| Deferred charges and accrued income | 490/1 | €774 | €805 | +€31 | +4.0% |
| Total equity and liabilities | 10/49 | €136,732 | €110,118 | -€26,614 | -19.5% |
| Equity | 10/15 | €5,805 | €33,793 | +€27,987 | +482.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €805 | €28,793 | +€27,987 | +3475.1% |
| Distributable reserves | 133 | €805 | €28,793 | +€27,987 | +3475.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €130,927 | €76,325 | -€54,602 | -41.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €130,927 | €76,325 | -€54,602 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €3,044 | €0 | -€3,044 | -100.0% |
| Trade debts | 44 | €9,501 | €1,103 | -€8,399 | -88.4% |
| Suppliers | 440/4 | €9,501 | €1,103 | -€8,399 | -88.4% |
| Taxes, remuneration and social security | 45 | €0 | €2,873 | +€2,873 | |
| Taxes | 450/3 | €0 | €2,873 | +€2,873 | |
| Other amounts payable | 47/48 | €118,382 | €72,349 | -€46,032 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,563 | €1,600 | -€1,962 | -55.1% |
| Other operating charges | 640/8 | €2,019 | €896 | -€1,123 | -55.6% |
| Gross operating margin | 9900 | €138,360 | €137,305 | -€1,055 | -0.8% |
| Operating profit (loss) | 9901 | €132,778 | €134,809 | +€2,031 | +1.5% |
| Financial income | 75/76B | €14,032 | €4,273 | -€9,758 | -69.5% |
| Recurring financial income | 75 | €14,032 | €4,273 | -€9,758 | -69.5% |
| Financial charges | 65/66B | €653 | €380 | -€273 | -41.8% |
| Recurring financial charges | 65 | €653 | €380 | -€273 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €146,156 | €138,702 | -€7,455 | -5.1% |
| Income taxes | 67/77 | €32,606 | €30,715 | -€1,891 | -5.8% |
| Profit (loss) for the period | 9904 | €113,551 | €107,987 | -€5,563 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,551 | €107,987 | -€5,563 | -4.9% |
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 5 October 2026 via checked.be.