VANROBAEYS: 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.
What changed
VANROBAEYS
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.8m+€157,605
Equity
€21.1m
2024 · €20.6m+€479,304
Cash
€282,350
2024 · €1.1m-€854,804
Balance sheet total
€35.0m
2024 · €36.1m-€1.1m
Largest movements
Assets
- Cash -€854,804
down €854,804 (-75.2%), from €1.1m to €282,350
mainly Contributions, distributions and other (-€1.5m) and Debts after one year (-€1.2m)
- Stocks and contracts +€822,983
up €822,983 (+7.8%), from €10.5m to €11.3m
- Receivables after one year -€500,000
down €500,000 (-100.0%), from €500,040 to €40
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-13.0%), from €9.2m to €8.0m
- Reserves +€479,304
up €479,304 (+2.4%), from €19.7m to €20.2m
of which Distributable reserves: +€479,304
Income statement
- Turnover +€2.2m
up €2.2m (+3.3%), from €65.8m to €67.9m
- Goods and materials +€857,608
up €857,608 (+1.7%), from €50.6m to €51.4m
of which Purchases: +€479,412
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.
Result 2024
€1.8m
Turnover
+€2.2m
Other operating income
-€34,767
Goods and materials
-€857,608
Services and other goods
-€537,984
Staff costs
-€348,221
Depreciation
-€149,266
Write-downs
-€13,445
Other operating charges
+€59,496
Other operating items
-€19,444
Financial income
+€58,174
Financial charges
-€102,328
Taxes
-€63,007
Result 2025
€2.0m
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.
From operations
+€2.8m
Investment
-€940,569
Financing
-€2.7m
Cash 2024
€1.1m
From operations (derived)
+€2.8m
Net result for the year
+€2.0m
Depreciation
+€1.2m
Receivables after one year
+€500,000
Stocks and contracts
-€822,983
Receivables within one year
+€185,268
Deferred charges and accrued income
+€59,804
Trade debts
-€93,946
Tax, wage and social debts
-€16,531
Other debts
-€237,142
Accrued charges and deferred income
-€16,093
Investment (derived)
-€940,569
Investment in fixed assets (net)
-€940,569
Financing
-€2.7m
Debts after one year
-€1.2m
Current portion of long-term debt
-€2,794
Contributions, distributions and other
-€1.5m
Cash 2025
€282,350
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,118,033 | €35,036,834 | -€1.1m | -3.0% |
| Fixed assets | 21/28 | €15,555,765 | €15,251,458 | -€304,306 | -2.0% |
| Intangible fixed assets | 21 | €6,526,166 | €6,278,632 | -€247,534 | -3.8% |
| Tangible fixed assets | 22/27 | €1,455,755 | €1,398,982 | -€56,773 | -3.9% |
| Land and buildings | 22 | €447,524 | €619,564 | +€172,040 | +38.4% |
| Plant, machinery and equipment | 23 | €251,157 | €202,220 | -€48,937 | -19.5% |
| Furniture and vehicles | 24 | €545,881 | €404,170 | -€141,711 | -26.0% |
| Other tangible fixed assets | 26 | €211,193 | €173,029 | -€38,165 | -18.1% |
| Financial fixed assets | 28 | €7,573,844 | €7,573,844 | = | 0.0% |
| Affiliated companies | 280/1 | €7,571,882 | €7,571,882 | = | 0.0% |
| Participating interests | 280 | €7,571,882 | €7,571,882 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,962 | €1,962 | = | 0.0% |
| Shares | 284 | €1,962 | €1,962 | = | 0.0% |
| Current assets | 29/58 | €20,562,268 | €19,785,376 | -€776,893 | -3.8% |
| Amounts receivable after more than one year | 29 | €500,040 | €40 | -€500,000 | -100.0% |
| Other amounts receivable | 291 | €500,040 | €40 | -€500,000 | -100.0% |
| Stocks and contracts in progress | 3 | €10,525,307 | €11,348,291 | +€822,983 | +7.8% |
| Stocks | 30/36 | €10,525,307 | €11,348,291 | +€822,983 | +7.8% |
| Raw materials and consumables | 30/31 | €10,525,307 | €11,348,291 | +€822,983 | +7.8% |
| Amounts receivable within one year | 40/41 | €8,337,284 | €8,152,016 | -€185,268 | -2.2% |
| Trade receivables | 40 | €6,804,399 | €7,455,621 | +€651,222 | +9.6% |
| Other amounts receivable | 41 | €1,532,885 | €696,395 | -€836,490 | -54.6% |
| Cash at bank and in hand | 54/58 | €1,137,153 | €282,350 | -€854,804 | -75.2% |
| Deferred charges and accrued income | 490/1 | €62,484 | €2,680 | -€59,804 | -95.7% |
| Total equity and liabilities | 10/49 | €36,118,033 | €35,036,834 | -€1.1m | -3.0% |
| Equity | 10/15 | €20,644,377 | €21,123,682 | +€479,304 | +2.3% |
| Contributions | 10/11 | €916,184 | €916,184 | = | 0.0% |
| Capital | 10 | €916,184 | €916,184 | = | 0.0% |
| Issued capital | 100 | €916,184 | €916,184 | = | 0.0% |
| Reserves | 13 | €19,728,194 | €20,207,498 | +€479,304 | +2.4% |
| Non-distributable reserves | 130/1 | €92,981 | €92,981 | = | 0.0% |
| Legal reserve | 130 | €91,618 | €91,618 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,363 | €1,363 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,738 | €126,738 | = | 0.0% |
| Distributable reserves | 133 | €19,508,474 | €19,987,778 | +€479,304 | +2.5% |
| Amounts payable | 17/49 | €15,473,655 | €13,913,152 | -€1.6m | -10.1% |
| Amounts payable after more than one year | 17 | €9,177,798 | €7,983,801 | -€1.2m | -13.0% |
| Financial debts | 170/4 | €9,177,798 | €7,983,801 | -€1.2m | -13.0% |
| Credit institutions | 173 | €5,159,628 | €4,003,417 | -€1.2m | -22.4% |
| Other loans | 174 | €4,018,170 | €3,980,384 | -€37,786 | -0.9% |
| Amounts payable within one year | 42/48 | €6,234,635 | €5,884,222 | -€350,413 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €1,159,005 | €1,156,211 | -€2,794 | -0.2% |
| Trade debts | 44 | €1,688,834 | €1,594,888 | -€93,946 | -5.6% |
| Suppliers | 440/4 | €1,688,834 | €1,594,888 | -€93,946 | -5.6% |
| Taxes, remuneration and social security | 45 | €869,370 | €852,839 | -€16,531 | -1.9% |
| Taxes | 450/3 | €300,681 | €230,801 | -€69,879 | -23.2% |
| Remuneration and social security | 454/9 | €568,689 | €622,037 | +€53,348 | +9.4% |
| Other amounts payable | 47/48 | €2,517,427 | €2,280,284 | -€237,142 | -9.4% |
| Accrued charges and deferred income | 492/3 | €61,222 | €45,129 | -€16,093 | -26.3% |
| Operating income | 70/76A | €65,979,962 | €68,090,153 | +€2.1m | +3.2% |
| Turnover | 70 | €65,770,475 | €67,936,479 | +€2.2m | +3.3% |
| Other operating income | 74 | €187,109 | €152,343 | -€34,767 | -18.6% |
| Non-recurring operating income | 76A | €22,377 | €1,331 | -€21,047 | -94.1% |
| Operating charges | 60/66A | €63,424,887 | €65,270,312 | +€1.8m | +2.9% |
| Goods for resale, raw materials and consumables | 60 | €50,565,900 | €51,423,508 | +€857,608 | +1.7% |
| Purchases | 600/8 | €51,767,079 | €52,246,491 | +€479,412 | +0.9% |
| Change in stocks: decrease (increase) | 609 | -€1,201,179 | -€822,983 | +€378,196 | +31.5% |
| Services and other goods | 61 | €6,220,859 | €6,758,842 | +€537,984 | +8.6% |
| Remuneration, social security and pensions | 62 | €5,393,405 | €5,741,626 | +€348,221 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095,609 | €1,244,875 | +€149,266 | +13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,263 | €32,708 | +€13,445 | +69.8% |
| Other operating charges | 640/8 | €122,424 | €62,928 | -€59,496 | -48.6% |
| Non-recurring operating charges | 66A | €7,427 | €5,824 | -€1,603 | -21.6% |
| Operating profit (loss) | 9901 | €2,555,075 | €2,819,841 | +€264,765 | +10.4% |
| Financial income | 75/76B | €1,353,200 | €1,411,374 | +€58,174 | +4.3% |
| Recurring financial income | 75 | €1,353,200 | €1,411,374 | +€58,174 | +4.3% |
| Income from financial fixed assets | 750 | €175,000 | €175,000 | = | 0.0% |
| Income from current assets | 751 | €33,172 | €22,439 | -€10,733 | -32.4% |
| Other financial income | 752/9 | €1,145,028 | €1,213,935 | +€68,907 | +6.0% |
| Financial charges | 65/66B | €1,450,088 | €1,552,415 | +€102,328 | +7.1% |
| Recurring financial charges | 65 | €1,450,088 | €1,552,415 | +€102,328 | +7.1% |
| Debt charges | 650 | €544,379 | €425,602 | -€118,777 | -21.8% |
| Other financial charges | 652/9 | €905,709 | €1,126,814 | +€221,105 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €2,458,187 | €2,678,799 | +€220,612 | +9.0% |
| Income taxes | 67/77 | €636,488 | €699,494 | +€63,007 | +9.9% |
| Taxes | 670/3 | €750,749 | €750,178 | -€571 | -0.1% |
| Tax adjustments and reversals of tax provisions | 77 | €114,261 | €50,683 | -€63,578 | -55.6% |
| Profit (loss) for the period | 9904 | €1,821,699 | €1,979,304 | +€157,605 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,821,699 | €1,979,304 | +€157,605 | +8.7% |
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 28 September 2026 via checked.be.