VANSCHOUBROEK PHILIPPE: 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.
VANSCHOUBROEK PHILIPPE
Largest movements
- Receivables within one year +€371,015
up €371,015 (+22.7%), from €1.6m to €2.0m
of which Trade receivables: +€371,015
- Cash -€56,387
down €56,387 (-76.7%), from €73,483 to €17,096
mainly Receivables within one year (-€371,015) and Accrued charges and deferred income (-€112,621)
- Other debts +€267,432
up €267,432 (+24.3%), from €1.1m to €1.4m
- Reserves +€185,058
up €185,058 (+11.9%), from €1.6m to €1.7m
of which Distributable reserves: +€185,058
- Accrued charges and deferred income -€112,621
down €112,621 (-73.1%), from €154,051 to €41,430
- Gross operating margin -€110,061
down €110,061 (-23.7%), from €463,826 to €353,766
- Taxes -€29,278
down €29,278 (-22.2%), from €132,079 to €102,801
- Financial charges -€11,148
down €11,148 (-20.3%), from €55,034 to €43,887
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 | €2,987,193 | €3,324,134 | +€336,941 | +11.3% |
| Fixed assets | 21/28 | €286,137 | €281,591 | -€4,546 | -1.6% |
| Tangible fixed assets | 22/27 | €286,092 | €281,546 | -€4,546 | -1.6% |
| Land and buildings | 22 | €286,092 | €281,546 | -€4,546 | -1.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €2,701,056 | €3,042,543 | +€341,487 | +12.6% |
| Stocks and contracts in progress | 3 | €991,848 | €1,018,707 | +€26,860 | +2.7% |
| Stocks | 30/36 | €991,848 | €1,018,707 | +€26,860 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,635,725 | €2,006,740 | +€371,015 | +22.7% |
| Trade receivables | 40 | €1,635,725 | €2,006,740 | +€371,015 | +22.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €73,483 | €17,096 | -€56,387 | -76.7% |
| Total equity and liabilities | 10/49 | €2,987,193 | €3,324,134 | +€336,941 | +11.3% |
| Equity | 10/15 | €1,571,887 | €1,756,945 | +€185,058 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,551,887 | €1,736,945 | +€185,058 | +11.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,549,887 | €1,734,945 | +€185,058 | +11.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €31,049 | €31,049 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €31,049 | €31,049 | = | 0.0% |
| Pensions and similar obligations | 160 | €31,049 | €31,049 | = | 0.0% |
| Amounts payable | 17/49 | €1,384,257 | €1,536,140 | +€151,883 | +11.0% |
| Amounts payable within one year | 42/48 | €1,230,206 | €1,494,711 | +€264,504 | +21.5% |
| Trade debts | 44 | €31,799 | €25,888 | -€5,911 | -18.6% |
| Suppliers | 440/4 | €31,799 | €25,888 | -€5,911 | -18.6% |
| Taxes, remuneration and social security | 45 | €96,858 | €99,842 | +€2,984 | +3.1% |
| Taxes | 450/3 | €96,858 | €99,842 | +€2,984 | +3.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,101,549 | €1,368,980 | +€267,432 | +24.3% |
| Accrued charges and deferred income | 492/3 | €154,051 | €41,430 | -€112,621 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,626 | €19,679 | +€1,053 | +5.7% |
| Other operating charges | 640/8 | €2,495 | €2,341 | -€154 | -6.2% |
| Gross operating margin | 9900 | €463,826 | €353,766 | -€110,061 | -23.7% |
| Operating profit (loss) | 9901 | €442,706 | €331,746 | -€110,960 | -25.1% |
| Financial charges | 65/66B | €55,034 | €43,887 | -€11,148 | -20.3% |
| Recurring financial charges | 65 | €55,034 | €43,887 | -€11,148 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €387,671 | €287,859 | -€99,812 | -25.7% |
| Income taxes | 67/77 | €132,079 | €102,801 | -€29,278 | -22.2% |
| Profit (loss) for the period | 9904 | €255,592 | €185,058 | -€70,534 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €255,592 | €185,058 | -€70,534 | -27.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.