VANSIMSEN: 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.
VANSIMSEN
Largest movements
- Receivables after one year -€17,000
down €17,000 (-18.9%), from €90,000 to €73,000
- Cash -€13,561
down €13,561 (-32.2%), from €42,148 to €28,588
mainly Contributions, distributions and other (-€39,132) and Current portion of long-term debt (-€12,916)
- Receivables within one year -€4,175
down €4,175 (-18.5%), from €22,629 to €18,454
of which Trade receivables: -€4,571
- Reserves -€31,287
down €31,287 (-26.4%), from €118,373 to €87,087
- Current portion of long-term debt -€12,916
down €12,916 (-73.0%), from €17,684 to €4,768
- Trade debts +€8,922
up €8,922 (+91.5%), from €9,746 to €18,668
- Other debts +€8,641
up €8,641 (+905%), from €955 to €9,596
- Tax, wage and social debts -€7,743
down €7,743 (-41.6%), from €18,625 to €10,882
of which Taxes: -€6,062
- Gross operating margin -€54,565
down €54,565 (-39.7%), from €137,408 to €82,843
- Taxes -€15,980
down €15,980 (-84.1%), from €18,996 to €3,016
- Financial income -€2,975
down €2,975 (-89.6%), from €3,320 to €344
- Staff costs -€2,849
down €2,849 (-4.6%), from €61,767 to €58,918
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 | €172,586 | €136,002 | -€36,584 | -21.2% |
| Fixed assets | 21/28 | €14,957 | €13,663 | -€1,294 | -8.7% |
| Tangible fixed assets | 22/27 | €14,957 | €13,663 | -€1,294 | -8.7% |
| Plant, machinery and equipment | 23 | €1,161 | €841 | -€320 | -27.6% |
| Furniture and vehicles | 24 | €4,076 | €4,722 | +€646 | +15.9% |
| Other tangible fixed assets | 26 | €9,720 | €8,100 | -€1,620 | -16.7% |
| Current assets | 29/58 | €157,629 | €122,339 | -€35,290 | -22.4% |
| Amounts receivable after more than one year | 29 | €90,000 | €73,000 | -€17,000 | -18.9% |
| Other amounts receivable | 291 | €90,000 | €73,000 | -€17,000 | -18.9% |
| Amounts receivable within one year | 40/41 | €22,629 | €18,454 | -€4,175 | -18.5% |
| Trade receivables | 40 | €5,618 | €1,047 | -€4,571 | -81.4% |
| Other amounts receivable | 41 | €17,012 | €17,407 | +€395 | +2.3% |
| Cash at bank and in hand | 54/58 | €42,148 | €28,588 | -€13,561 | -32.2% |
| Deferred charges and accrued income | 490/1 | €2,852 | €2,297 | -€554 | -19.4% |
| Total equity and liabilities | 10/49 | €172,586 | €136,002 | -€36,584 | -21.2% |
| Equity | 10/15 | €123,373 | €92,087 | -€31,287 | -25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €118,373 | €87,087 | -€31,287 | -26.4% |
| Distributable reserves | 133 | €118,373 | €87,087 | -€31,287 | -26.4% |
| Amounts payable | 17/49 | €49,213 | €43,915 | -€5,298 | -10.8% |
| Amounts payable after more than one year | 17 | €2,202 | - | -€2,202 | |
| Financial debts | 170/4 | €2,202 | - | -€2,202 | |
| Amounts payable within one year | 42/48 | €47,011 | €43,915 | -€3,096 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €17,684 | €4,768 | -€12,916 | -73.0% |
| Trade debts | 44 | €9,746 | €18,668 | +€8,922 | +91.5% |
| Suppliers | 440/4 | €9,746 | €18,668 | +€8,922 | +91.5% |
| Taxes, remuneration and social security | 45 | €18,625 | €10,882 | -€7,743 | -41.6% |
| Taxes | 450/3 | €13,585 | €7,523 | -€6,062 | -44.6% |
| Remuneration and social security | 454/9 | €5,041 | €3,359 | -€1,681 | -33.4% |
| Other amounts payable | 47/48 | €955 | €9,596 | +€8,641 | +905% |
| Remuneration, social security and pensions | 62 | €61,767 | €58,918 | -€2,849 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,527 | €5,950 | +€423 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €750 | +€750 | |
| Other operating charges | 640/8 | €2,353 | €3,358 | +€1,004 | +42.7% |
| Gross operating margin | 9900 | €137,408 | €82,843 | -€54,565 | -39.7% |
| Operating profit (loss) | 9901 | €67,761 | €13,867 | -€53,894 | -79.5% |
| Financial income | 75/76B | €3,320 | €344 | -€2,975 | -89.6% |
| Recurring financial income | 75 | €3,320 | €344 | -€2,975 | -89.6% |
| Financial charges | 65/66B | €4,327 | €3,349 | -€978 | -22.6% |
| Recurring financial charges | 65 | €4,327 | €3,349 | -€978 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €66,753 | €10,862 | -€55,891 | -83.7% |
| Income taxes | 67/77 | €18,996 | €3,016 | -€15,980 | -84.1% |
| Profit (loss) for the period | 9904 | €47,757 | €7,846 | -€39,911 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,757 | €7,846 | -€39,911 | -83.6% |
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 17 October 2026 via checked.be.