Vanrusselt An: 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.
Vanrusselt An
Largest movements
- Cash -€12,260
down €12,260 (-21.7%), from €56,375 to €44,115
mainly Contributions, distributions and other (-€62,289) and Debts after one year (-€46,341)
- Other debts +€50,599
up €50,599 (+2659.1%), from €1,903 to €52,502
- Debts after one year -€46,341
down €46,341 (-29.1%), from €159,046 to €112,705
- Reserves -€19,065
down €19,065 (-14.6%), from €130,770 to €111,705
- Tax, wage and social debts +€5,352
up €5,352 (+34.2%), from €15,668 to €21,020
- Depreciation +€10,088
up €10,088 (+38.7%), from €26,051 to €36,139
- Gross operating margin +€7,445
up €7,445 (+9.7%), from €76,450 to €83,895
- Financial income +€4,616
up €4,616 (+45.8%), from €10,087 to €14,703
- Financial charges +€1,559
up €1,559 (+28.8%), from €5,408 to €6,967
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 | €348,349 | €337,807 | -€10,542 | -3.0% |
| Fixed assets | 21/28 | €279,106 | €281,588 | +€2,482 | +0.9% |
| Tangible fixed assets | 22/27 | €277,040 | €279,521 | +€2,482 | +0.9% |
| Land and buildings | 22 | €257,913 | €261,343 | +€3,430 | +1.3% |
| Plant, machinery and equipment | 23 | €19,127 | €18,178 | -€949 | -5.0% |
| Financial fixed assets | 28 | €2,066 | €2,066 | = | 0.0% |
| Current assets | 29/58 | €69,242 | €56,219 | -€13,024 | -18.8% |
| Amounts receivable within one year | 40/41 | €11,086 | €10,232 | -€854 | -7.7% |
| Trade receivables | 40 | €11,086 | €10,232 | -€854 | -7.7% |
| Cash at bank and in hand | 54/58 | €56,375 | €44,115 | -€12,260 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,871 | +€90 | +5.1% |
| Total equity and liabilities | 10/49 | €348,349 | €337,807 | -€10,542 | -3.0% |
| Equity | 10/15 | €149,370 | €130,305 | -€19,065 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,770 | €111,705 | -€19,065 | -14.6% |
| Distributable reserves | 133 | €130,770 | €111,705 | -€19,065 | -14.6% |
| Amounts payable | 17/49 | €198,979 | €207,501 | +€8,523 | +4.3% |
| Amounts payable after more than one year | 17 | €159,046 | €112,705 | -€46,341 | -29.1% |
| Financial debts | 170/4 | €159,046 | €112,705 | -€46,341 | -29.1% |
| Amounts payable within one year | 42/48 | €39,932 | €93,901 | +€53,968 | +135.1% |
| Current portion of amounts payable after more than one year | 42 | €19,352 | €18,690 | -€662 | -3.4% |
| Trade debts | 44 | €3,009 | €1,689 | -€1,321 | -43.9% |
| Suppliers | 440/4 | €3,009 | €1,689 | -€1,321 | -43.9% |
| Taxes, remuneration and social security | 45 | €15,668 | €21,020 | +€5,352 | +34.2% |
| Taxes | 450/3 | €15,668 | €21,020 | +€5,352 | +34.2% |
| Other amounts payable | 47/48 | €1,903 | €52,502 | +€50,599 | +2659.1% |
| Accrued charges and deferred income | 492/3 | - | €895 | +€895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,051 | €36,139 | +€10,088 | +38.7% |
| Other operating charges | 640/8 | €619 | €462 | -€157 | -25.4% |
| Gross operating margin | 9900 | €76,450 | €83,895 | +€7,445 | +9.7% |
| Operating profit (loss) | 9901 | €49,780 | €47,294 | -€2,485 | -5.0% |
| Financial income | 75/76B | €10,087 | €14,703 | +€4,616 | +45.8% |
| Recurring financial income | 75 | €10,087 | €14,703 | +€4,616 | +45.8% |
| Financial charges | 65/66B | €5,408 | €6,967 | +€1,559 | +28.8% |
| Recurring financial charges | 65 | €5,408 | €6,967 | +€1,559 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €54,459 | €55,031 | +€572 | +1.1% |
| Income taxes | 67/77 | €11,163 | €11,806 | +€643 | +5.8% |
| Profit (loss) for the period | 9904 | €43,295 | €43,224 | -€71 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,295 | €43,224 | -€71 | -0.2% |
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 6 October 2026 via checked.be.