VANPOUCKE CONSULT: 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.
VANPOUCKE CONSULT
Largest movements
- Tangible fixed assets -€12,383
down €12,383 (-33.0%), from €37,515 to €25,131
of which Furniture and vehicles: -€12,880
- Cash +€12,325
up €12,325 (+32.9%), from €37,498 to €49,823
mainly Net result for the year (+€22,867) and Depreciation (+€13,456)
- Receivables within one year -€7,038
down €7,038 (-42.6%), from €16,527 to €9,489
of which Other amounts receivable: -€5,497
- Reserves +€22,867
up €22,867 (+7.8%), from €293,262 to €316,129
of which Distributable reserves: +€22,867
- Other debts -€18,565
down €18,565 (-30.8%), from €60,285 to €41,720
- Trade debts -€12,349
down €12,349 (-86.1%), from €14,334 to €1,986
- Tax, wage and social debts -€5,285
down €5,285 (-74.0%), from €7,140 to €1,855
of which Taxes: -€4,959
- Gross operating margin -€113,489
down €113,489 (-85.3%), from €133,017 to €19,528
- Taxes -€24,300
down €24,300 (-77.8%), from €31,232 to €6,932
- Financial charges -€5,454
down €5,454 (-56.6%), from €9,631 to €4,177
- Staff costs -€5,213
down €5,213 (-100%), from €5,213 to €0
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 | €425,519 | €412,787 | -€12,732 | -3.0% |
| Fixed assets | 21/28 | €37,515 | €25,131 | -€12,383 | -33.0% |
| Tangible fixed assets | 22/27 | €37,515 | €25,131 | -€12,383 | -33.0% |
| Plant, machinery and equipment | 23 | €1,212 | €1,709 | +€497 | +41.0% |
| Furniture and vehicles | 24 | €36,303 | €23,422 | -€12,880 | -35.5% |
| Current assets | 29/58 | €388,004 | €387,656 | -€348 | -0.1% |
| Amounts receivable after more than one year | 29 | €3,144 | €0 | -€3,144 | -100% |
| Other amounts receivable | 291 | €3,144 | €0 | -€3,144 | -100% |
| Amounts receivable within one year | 40/41 | €16,527 | €9,489 | -€7,038 | -42.6% |
| Trade receivables | 40 | €3,250 | €1,708 | -€1,542 | -47.4% |
| Other amounts receivable | 41 | €13,277 | €7,780 | -€5,497 | -41.4% |
| Current investments | 50/53 | €329,306 | €326,668 | -€2,638 | -0.8% |
| Cash at bank and in hand | 54/58 | €37,498 | €49,823 | +€12,325 | +32.9% |
| Deferred charges and accrued income | 490/1 | €1,530 | €1,677 | +€147 | +9.6% |
| Total equity and liabilities | 10/49 | €425,519 | €412,787 | -€12,732 | -3.0% |
| Equity | 10/15 | €343,760 | €367,226 | +€23,467 | +6.8% |
| Contributions | 10/11 | €50,497 | €51,097 | +€600 | +1.2% |
| Reserves | 13 | €293,262 | €316,129 | +€22,867 | +7.8% |
| Non-distributable reserves | 130/1 | €6,290 | €6,290 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,290 | €6,290 | = | 0.0% |
| Distributable reserves | 133 | €286,973 | €309,839 | +€22,867 | +8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,759 | €45,560 | -€36,198 | -44.3% |
| Amounts payable within one year | 42/48 | €81,759 | €45,560 | -€36,198 | -44.3% |
| Trade debts | 44 | €14,334 | €1,986 | -€12,349 | -86.1% |
| Suppliers | 440/4 | €14,334 | €1,986 | -€12,349 | -86.1% |
| Taxes, remuneration and social security | 45 | €7,140 | €1,855 | -€5,285 | -74.0% |
| Taxes | 450/3 | €6,814 | €1,855 | -€4,959 | -72.8% |
| Remuneration and social security | 454/9 | €326 | €0 | -€326 | -100% |
| Other amounts payable | 47/48 | €60,285 | €41,720 | -€18,565 | -30.8% |
| Remuneration, social security and pensions | 62 | €5,213 | €0 | -€5,213 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,348 | €13,456 | +€108 | +0.8% |
| Other operating charges | 640/8 | €1,091 | €876 | -€215 | -19.7% |
| Gross operating margin | 9900 | €133,017 | €19,528 | -€113,489 | -85.3% |
| Operating profit (loss) | 9901 | €113,365 | €5,196 | -€108,169 | -95.4% |
| Financial income | 75/76B | €28,139 | €28,779 | +€641 | +2.3% |
| Recurring financial income | 75 | €28,139 | €28,779 | +€641 | +2.3% |
| Financial charges | 65/66B | €9,631 | €4,177 | -€5,454 | -56.6% |
| Recurring financial charges | 65 | €9,631 | €4,177 | -€5,454 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €131,873 | €29,799 | -€102,074 | -77.4% |
| Income taxes | 67/77 | €31,232 | €6,932 | -€24,300 | -77.8% |
| Profit (loss) for the period | 9904 | €100,641 | €22,867 | -€77,774 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,641 | €22,867 | -€77,774 | -77.3% |
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 26 October 2026 via checked.be.