VANPRAET & MOREELS Management: 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.
VANPRAET & MOREELS Management
Largest movements
- Tangible fixed assets +€349,227
up €349,227 (+37,830%), from €923 to €350,150
of which Land and buildings: +€349,524
- Financial fixed assets +€300,000
up €300,000 (+83.3%), from €360,060 to €660,060
- Receivables within one year +€88,681
up €88,681 (+313%), from €28,345 to €117,026
of which Trade receivables: +€95,745
- Debts after one year +€570,005
up €570,005 (+228%), from €250,307 to €820,311
- Other debts +€73,306
up €73,306 (+355%), from €20,660 to €93,967
- Current portion of long-term debt +€49,578
up €49,578 (+163%), from €30,417 to €79,995
- Reserves +€45,207
up €45,207 (+94.0%), from €48,085 to €93,292
- Gross operating margin +€96,833
up €96,833 (+251%), from €38,530 to €135,363
- Depreciation +€55,959
up €55,959 (+18,880%), from €296 to €56,256
- Taxes +€10,139
up €10,139 (+146%), from €6,958 to €17,097
- Financial charges +€2,956
up €2,956 (+22.7%), from €13,042 to €15,999
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 | €393,611 | €1,135,207 | +€741,596 | +188% |
| Fixed assets | 21/28 | €360,983 | €1,010,210 | +€649,227 | +180% |
| Tangible fixed assets | 22/27 | €923 | €350,150 | +€349,227 | +37,830% |
| Land and buildings | 22 | - | €349,524 | +€349,524 | |
| Plant, machinery and equipment | 23 | €923 | €627 | -€296 | -32.1% |
| Financial fixed assets | 28 | €360,060 | €660,060 | +€300,000 | +83.3% |
| Current assets | 29/58 | €32,628 | €124,997 | +€92,369 | +283% |
| Amounts receivable within one year | 40/41 | €28,345 | €117,026 | +€88,681 | +313% |
| Trade receivables | 40 | €972 | €96,717 | +€95,745 | +9,850% |
| Other amounts receivable | 41 | €27,373 | €20,309 | -€7,064 | -25.8% |
| Cash at bank and in hand | 54/58 | €4,283 | €7,971 | +€3,688 | +86.1% |
| Total equity and liabilities | 10/49 | €393,611 | €1,135,207 | +€741,596 | +188% |
| Equity | 10/15 | €68,085 | €113,292 | +€45,207 | +66.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €48,085 | €93,292 | +€45,207 | +94.0% |
| Distributable reserves | 133 | €48,085 | €93,292 | +€45,207 | +94.0% |
| Amounts payable | 17/49 | €325,526 | €1,021,915 | +€696,389 | +214% |
| Amounts payable after more than one year | 17 | €250,307 | €820,311 | +€570,005 | +228% |
| Financial debts | 170/4 | €250,307 | €820,311 | +€570,005 | +228% |
| Amounts payable within one year | 42/48 | €75,219 | €201,604 | +€126,385 | +168% |
| Current portion of amounts payable after more than one year | 42 | €30,417 | €79,995 | +€49,578 | +163% |
| Trade debts | 44 | €2,241 | €2,978 | +€737 | +32.9% |
| Suppliers | 440/4 | €2,241 | €2,978 | +€737 | +32.9% |
| Taxes, remuneration and social security | 45 | €21,901 | €24,664 | +€2,763 | +12.6% |
| Taxes | 450/3 | €19,701 | €24,664 | +€4,963 | +25.2% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100% |
| Other amounts payable | 47/48 | €20,660 | €93,967 | +€73,306 | +355% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296 | €56,256 | +€55,959 | +18,880% |
| Other operating charges | 640/8 | €387 | €1,237 | +€850 | +219% |
| Gross operating margin | 9900 | €38,530 | €135,363 | +€96,833 | +251% |
| Operating profit (loss) | 9901 | €37,846 | €77,870 | +€40,024 | +106% |
| Financial income | 75/76B | €735 | €433 | -€302 | -41.1% |
| Recurring financial income | 75 | €735 | €433 | -€302 | -41.1% |
| Financial charges | 65/66B | €13,042 | €15,999 | +€2,956 | +22.7% |
| Recurring financial charges | 65 | €13,042 | €15,999 | +€2,956 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €25,539 | €62,304 | +€36,765 | +144% |
| Income taxes | 67/77 | €6,958 | €17,097 | +€10,139 | +146% |
| Profit (loss) for the period | 9904 | €18,581 | €45,207 | +€26,625 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €18,581 | €45,207 | +€26,625 | +143% |
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 29 October 2026 via checked.be.