Vanrolleghem: 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.
Vanrolleghem
Largest movements
- Tangible fixed assets +€174,140
up €174,140 (+47.8%), from €364,369 to €538,509
of which Plant, machinery and equipment: +€166,371
- Stocks and contracts +€171,390
up €171,390 (+61.2%), from €279,833 to €451,224
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Debts after one year +€124,005
up €124,005 (+78.0%), from €159,004 to €283,008
- Trade debts +€85,258
up €85,258 (+248.1%), from €34,366 to €119,624
- Current portion of long-term debt +€49,332
up €49,332 (+116.7%), from €42,289 to €91,621
- Reserves +€22,448
up €22,448 (+5.7%), from €396,154 to €418,602
- Tax, wage and social debts -€13,891
down €13,891 (-82.4%), from €16,868 to €2,977
of which Taxes: -€13,277
- Gross operating margin -€143,022
down €143,022 (-52.0%), from €274,999 to €131,977
- Taxes -€48,892
down €48,892 (-92.3%), from €52,955 to €4,063
- Depreciation +€10,029
up €10,029 (+13.1%), from €76,711 to €86,740
- Financial charges +€4,070
up €4,070 (+54.5%), from €7,473 to €11,542
- Financial income +€3,351
up €3,351 (+83.4%), from €4,015 to €7,366
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 | €1,100,706 | €1,364,747 | +€264,041 | +24.0% |
| Fixed assets | 21/28 | €364,369 | €538,509 | +€174,140 | +47.8% |
| Tangible fixed assets | 22/27 | €364,369 | €538,509 | +€174,140 | +47.8% |
| Land and buildings | 22 | €286,663 | €242,538 | -€44,125 | -15.4% |
| Plant, machinery and equipment | 23 | €10,989 | €177,361 | +€166,371 | +1513.9% |
| Furniture and vehicles | 24 | €66,717 | €118,610 | +€51,893 | +77.8% |
| Current assets | 29/58 | €736,337 | €826,239 | +€89,902 | +12.2% |
| Stocks and contracts in progress | 3 | €279,833 | €451,224 | +€171,390 | +61.2% |
| Stocks | 30/36 | €279,833 | €451,224 | +€171,390 | +61.2% |
| Amounts receivable within one year | 40/41 | €79,132 | €84,560 | +€5,427 | +6.9% |
| Trade receivables | 40 | €79,097 | €70,570 | -€8,527 | -10.8% |
| Other amounts receivable | 41 | €35 | €13,989 | +€13,954 | +39869.6% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €272,443 | €283,975 | +€11,532 | +4.2% |
| Deferred charges and accrued income | 490/1 | €4,928 | €6,480 | +€1,552 | +31.5% |
| Total equity and liabilities | 10/49 | €1,100,706 | €1,364,747 | +€264,041 | +24.0% |
| Equity | 10/15 | €847,796 | €866,425 | +€18,629 | +2.2% |
| Contributions | 10/11 | €428,065 | €428,065 | = | 0.0% |
| Outside capital | 11 | €428,065 | €428,065 | = | 0.0% |
| Other | 1109/19 | €428,065 | €428,065 | = | 0.0% |
| Reserves | 13 | €396,154 | €418,602 | +€22,448 | +5.7% |
| Distributable reserves | 133 | €396,154 | €418,602 | +€22,448 | +5.7% |
| Investment grants | 15 | €23,577 | €19,758 | -€3,819 | -16.2% |
| Amounts payable | 17/49 | €252,910 | €498,323 | +€245,413 | +97.0% |
| Amounts payable after more than one year | 17 | €159,004 | €283,008 | +€124,005 | +78.0% |
| Financial debts | 170/4 | €159,004 | €283,008 | +€124,005 | +78.0% |
| Amounts payable within one year | 42/48 | €93,906 | €215,314 | +€121,408 | +129.3% |
| Current portion of amounts payable after more than one year | 42 | €42,289 | €91,621 | +€49,332 | +116.7% |
| Trade debts | 44 | €34,366 | €119,624 | +€85,258 | +248.1% |
| Suppliers | 440/4 | €34,366 | €119,624 | +€85,258 | +248.1% |
| Taxes, remuneration and social security | 45 | €16,868 | €2,977 | -€13,891 | -82.4% |
| Taxes | 450/3 | €13,277 | - | -€13,277 | |
| Remuneration and social security | 454/9 | €3,592 | €2,977 | -€615 | -17.1% |
| Other amounts payable | 47/48 | €383 | €1,092 | +€709 | +185.3% |
| Non-recurring operating income | 76A | €25,339 | - | -€25,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,711 | €86,740 | +€10,029 | +13.1% |
| Other operating charges | 640/8 | €12,316 | €14,549 | +€2,233 | +18.1% |
| Gross operating margin | 9900 | €274,999 | €131,977 | -€143,022 | -52.0% |
| Operating profit (loss) | 9901 | €185,972 | €30,687 | -€155,285 | -83.5% |
| Financial income | 75/76B | €4,015 | €7,366 | +€3,351 | +83.4% |
| Recurring financial income | 75 | €4,015 | €7,366 | +€3,351 | +83.4% |
| Financial charges | 65/66B | €7,473 | €11,542 | +€4,070 | +54.5% |
| Recurring financial charges | 65 | €7,473 | €11,542 | +€4,070 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €182,515 | €26,511 | -€156,004 | -85.5% |
| Income taxes | 67/77 | €52,955 | €4,063 | -€48,892 | -92.3% |
| Profit (loss) for the period | 9904 | €129,560 | €22,448 | -€107,112 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €129,560 | €22,448 | -€107,112 | -82.7% |
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 4 October 2026 via checked.be.