VanQuip: 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.
VanQuip
Largest movements
- Cash +€54,783
up €54,783 (+141.1%), from €38,823 to €93,607
mainly Net result for the year (+€61,599) and Depreciation (+€30,210)
- Receivables within one year +€31,801
up €31,801 (+87.8%), from €36,230 to €68,031
of which Trade receivables: +€31,801
- Tangible fixed assets +€13,657
up €13,657 (+17.9%), from €76,473 to €90,130
of which Furniture and vehicles: +€14,113
- Stocks and contracts +€6,010
up €6,010 (+9.0%), from €66,804 to €72,814
- Trade debts +€27,448
up €27,448 (+837.8%), from €3,276 to €30,724
- Other debts +€27,121
up €27,121 (+352.5%), from €7,693 to €34,815
- Tax, wage and social debts +€25,145
up €25,145 (+157.9%), from €15,928 to €41,074
of which Taxes: +€24,712
- Reserves +€22,158
up €22,158 (+19.2%), from €115,252 to €137,410
- Debts after one year +€13,950
up €13,950 (+43.3%), from €32,228 to €46,177
- Gross operating margin +€43,098
up €43,098 (+40.1%), from €107,472 to €150,569
- Taxes +€11,769
up €11,769 (+92.9%), from €12,674 to €24,443
- Staff costs +€5,825
up €5,825 (+26.6%), from €21,911 to €27,736
- Depreciation -€4,205
down €4,205 (-12.2%), from €34,415 to €30,210
- Other operating charges -€2,020
down €2,020 (-27.3%), from €7,390 to €5,370
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 | €219,905 | €326,221 | +€106,316 | +48.3% |
| Fixed assets | 21/28 | €76,473 | €90,130 | +€13,657 | +17.9% |
| Tangible fixed assets | 22/27 | €76,473 | €90,130 | +€13,657 | +17.9% |
| Plant, machinery and equipment | 23 | €9,671 | €9,214 | -€457 | -4.7% |
| Furniture and vehicles | 24 | €66,803 | €80,916 | +€14,113 | +21.1% |
| Current assets | 29/58 | €143,432 | €236,092 | +€92,660 | +64.6% |
| Stocks and contracts in progress | 3 | €66,804 | €72,814 | +€6,010 | +9.0% |
| Stocks | 30/36 | €66,804 | €72,814 | +€6,010 | +9.0% |
| Amounts receivable within one year | 40/41 | €36,230 | €68,031 | +€31,801 | +87.8% |
| Trade receivables | 40 | €36,120 | €67,921 | +€31,801 | +88.0% |
| Other amounts receivable | 41 | €110 | €110 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,823 | €93,607 | +€54,783 | +141.1% |
| Deferred charges and accrued income | 490/1 | €1,575 | €1,640 | +€65 | +4.1% |
| Total equity and liabilities | 10/49 | €219,905 | €326,221 | +€106,316 | +48.3% |
| Equity | 10/15 | €135,712 | €147,870 | +€12,158 | +9.0% |
| Contributions | 10/11 | €20,460 | €10,460 | -€10,000 | -48.9% |
| Reserves | 13 | €115,252 | €137,410 | +€22,158 | +19.2% |
| Distributable reserves | 133 | €115,252 | €137,410 | +€22,158 | +19.2% |
| Amounts payable | 17/49 | €84,193 | €178,351 | +€94,158 | +111.8% |
| Amounts payable after more than one year | 17 | €32,228 | €46,177 | +€13,950 | +43.3% |
| Financial debts | 170/4 | €32,228 | €46,177 | +€13,950 | +43.3% |
| Amounts payable within one year | 42/48 | €51,665 | €132,174 | +€80,509 | +155.8% |
| Current portion of amounts payable after more than one year | 42 | €16,884 | €18,879 | +€1,995 | +11.8% |
| Financial debts | 43 | €1,264 | €1,264 | = | 0.0% |
| Credit institutions | 430/8 | €1,264 | - | -€1,264 | |
| Other loans | 439 | - | €1,264 | +€1,264 | |
| Trade debts | 44 | €3,276 | €30,724 | +€27,448 | +837.8% |
| Suppliers | 440/4 | €3,276 | €30,724 | +€27,448 | +837.8% |
| Advances received on contracts in progress | 46 | €6,619 | €5,419 | -€1,200 | -18.1% |
| Taxes, remuneration and social security | 45 | €15,928 | €41,074 | +€25,145 | +157.9% |
| Taxes | 450/3 | €10,618 | €35,329 | +€24,712 | +232.7% |
| Remuneration and social security | 454/9 | €5,311 | €5,744 | +€433 | +8.2% |
| Other amounts payable | 47/48 | €7,693 | €34,815 | +€27,121 | +352.5% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €21,911 | €27,736 | +€5,825 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,415 | €30,210 | -€4,205 | -12.2% |
| Other operating charges | 640/8 | €7,390 | €5,370 | -€2,020 | -27.3% |
| Gross operating margin | 9900 | €107,472 | €150,569 | +€43,098 | +40.1% |
| Operating profit (loss) | 9901 | €43,756 | €87,254 | +€43,498 | +99.4% |
| Financial income | 75/76B | €143 | €227 | +€84 | +58.9% |
| Recurring financial income | 75 | €143 | €227 | +€84 | +58.9% |
| Financial charges | 65/66B | €1,298 | €1,439 | +€141 | +10.9% |
| Recurring financial charges | 65 | €1,298 | €1,439 | +€141 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €42,601 | €86,042 | +€43,441 | +102.0% |
| Income taxes | 67/77 | €12,674 | €24,443 | +€11,769 | +92.9% |
| Profit (loss) for the period | 9904 | €29,927 | €61,599 | +€31,672 | +105.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,927 | €61,599 | +€31,672 | +105.8% |
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 12 October 2026 via checked.be.