VANPARYS: 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.
VANPARYS
Largest movements
- Receivables within one year +€148,277
up €148,277 (+43.5%), from €340,816 to €489,093
of which Trade receivables: +€150,343
- Tangible fixed assets -€19,301
down €19,301 (-5.9%), from €327,883 to €308,582
of which Plant, machinery and equipment: -€30,096
- Trade debts -€159,408
down €159,408 (-43.5%), from €366,701 to €207,293
- Reserves +€150,000
up €150,000 (+25.0%), from €600,000 to €750,000
- Short-term financial debts +€150,000
new in 2025: €150,000
- Debts after one year -€26,177
down €26,177 (-78.0%), from €33,559 to €7,382
- Tax, wage and social debts +€25,385
up €25,385 (+36.4%), from €69,817 to €95,202
of which Taxes: +€36,514
- Gross operating margin +€305,042
up €305,042 (+30.8%), from €989,398 to €1.3m
- Taxes +€81,969
up €81,969 (+75.3%), from €108,823 to €190,793
- Staff costs -€23,771
down €23,771 (-4.8%), from €493,212 to €469,441
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 | €1,134,024 | €1,265,476 | +€131,452 | +11.6% |
| Fixed assets | 21/28 | €327,883 | €308,582 | -€19,301 | -5.9% |
| Tangible fixed assets | 22/27 | €327,883 | €308,582 | -€19,301 | -5.9% |
| Plant, machinery and equipment | 23 | €95,404 | €65,309 | -€30,096 | -31.5% |
| Furniture and vehicles | 24 | €67,222 | €48,816 | -€18,407 | -27.4% |
| Other tangible fixed assets | 26 | €165,256 | €194,458 | +€29,201 | +17.7% |
| Current assets | 29/58 | €806,141 | €956,894 | +€150,753 | +18.7% |
| Stocks and contracts in progress | 3 | €102,588 | €96,890 | -€5,698 | -5.6% |
| Stocks | 30/36 | €102,588 | €96,890 | -€5,698 | -5.6% |
| Amounts receivable within one year | 40/41 | €340,816 | €489,093 | +€148,277 | +43.5% |
| Trade receivables | 40 | €338,735 | €489,078 | +€150,343 | +44.4% |
| Other amounts receivable | 41 | €2,081 | €15 | -€2,066 | -99.3% |
| Cash at bank and in hand | 54/58 | €353,651 | €360,492 | +€6,841 | +1.9% |
| Deferred charges and accrued income | 490/1 | €9,086 | €10,420 | +€1,334 | +14.7% |
| Total equity and liabilities | 10/49 | €1,134,024 | €1,265,476 | +€131,452 | +11.6% |
| Equity | 10/15 | €623,965 | €770,348 | +€146,383 | +23.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €600,000 | €750,000 | +€150,000 | +25.0% |
| Distributable reserves | 133 | €600,000 | €750,000 | +€150,000 | +25.0% |
| Profit (loss) carried forward | 14 | €3,965 | €348 | -€3,617 | -91.2% |
| Amounts payable | 17/49 | €510,059 | €495,128 | -€14,931 | -2.9% |
| Amounts payable after more than one year | 17 | €33,559 | €7,382 | -€26,177 | -78.0% |
| Financial debts | 170/4 | €33,559 | €7,382 | -€26,177 | -78.0% |
| Amounts payable within one year | 42/48 | €476,500 | €487,746 | +€11,246 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €32,500 | €26,177 | -€6,323 | -19.5% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Other loans | 439 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €366,701 | €207,293 | -€159,408 | -43.5% |
| Suppliers | 440/4 | €366,701 | €207,293 | -€159,408 | -43.5% |
| Taxes, remuneration and social security | 45 | €69,817 | €95,202 | +€25,385 | +36.4% |
| Taxes | 450/3 | €17,628 | €54,141 | +€36,514 | +207.1% |
| Remuneration and social security | 454/9 | €52,189 | €41,061 | -€11,128 | -21.3% |
| Other amounts payable | 47/48 | €7,482 | €9,074 | +€1,592 | +21.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €493,212 | €469,441 | -€23,771 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,335 | €78,271 | +€11,936 | +18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,500 | +€6,500 | |
| Other operating charges | 640/8 | €2,173 | €2,316 | +€144 | +6.6% |
| Non-recurring operating charges | 66A | €404 | €0 | -€404 | -100.0% |
| Gross operating margin | 9900 | €989,398 | €1,294,440 | +€305,042 | +30.8% |
| Operating profit (loss) | 9901 | €427,274 | €737,912 | +€310,638 | +72.7% |
| Financial income | 75/76B | €2,287 | €1,954 | -€333 | -14.6% |
| Recurring financial income | 75 | €2,287 | €1,954 | -€333 | -14.6% |
| Financial charges | 65/66B | €3,565 | €2,689 | -€876 | -24.6% |
| Recurring financial charges | 65 | €3,565 | €2,689 | -€876 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €425,995 | €737,176 | +€311,181 | +73.0% |
| Income taxes | 67/77 | €108,823 | €190,793 | +€81,969 | +75.3% |
| Profit (loss) for the period | 9904 | €317,172 | €546,383 | +€229,212 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €317,172 | €546,383 | +€229,212 | +72.3% |
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 8 October 2026 via checked.be.