VANSOECAM: 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.
VANSOECAM
Largest movements
- Tangible fixed assets -€7,028
down €7,028 (-9.4%), from €74,899 to €67,872
- Profit (loss) carried forward -€6,915
down €6,915 (-8.3%), from -€83,552 to -€90,467
- Gross operating margin +€329
up €329 (+61.9%), from €531 to €860
- Depreciation +€167
up €167 (+2.4%), from €6,860 to €7,028
- Financial charges -€20
down €20 (-27.3%), from €74 to €54
- Other operating charges +€19
up €19 (+2.8%), from €675 to €694
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 | €74,906 | €67,885 | -€7,021 | -9.4% |
| Fixed assets | 21/28 | €74,899 | €67,872 | -€7,028 | -9.4% |
| Tangible fixed assets | 22/27 | €74,899 | €67,872 | -€7,028 | -9.4% |
| Land and buildings | 22 | €74,899 | €67,872 | -€7,028 | -9.4% |
| Current assets | 29/58 | €7 | €13 | +€7 | +95.0% |
| Cash at bank and in hand | 54/58 | €7 | €13 | +€7 | +95.0% |
| Total equity and liabilities | 10/49 | €74,906 | €67,885 | -€7,021 | -9.4% |
| Equity | 10/15 | -€15,381 | -€22,297 | -€6,915 | -45.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,552 | -€90,467 | -€6,915 | -8.3% |
| Amounts payable | 17/49 | €90,287 | €90,181 | -€106 | -0.1% |
| Amounts payable after more than one year | 17 | €4,165 | €4,165 | = | 0.0% |
| Other amounts payable | 178/9 | €4,165 | €4,165 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,123 | €86,017 | -€106 | -0.1% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Other amounts payable | 47/48 | €85,997 | €86,017 | +€20 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,860 | €7,028 | +€167 | +2.4% |
| Other operating charges | 640/8 | €675 | €694 | +€19 | +2.8% |
| Gross operating margin | 9900 | €531 | €860 | +€329 | +61.9% |
| Operating profit (loss) | 9901 | -€7,004 | -€6,862 | +€142 | +2.0% |
| Financial charges | 65/66B | €74 | €54 | -€20 | -27.3% |
| Recurring financial charges | 65 | €74 | €54 | -€20 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,078 | -€6,915 | +€162 | +2.3% |
| Profit (loss) for the period | 9904 | -€7,078 | -€6,915 | +€162 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,078 | -€6,915 | +€162 | +2.3% |
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 5 October 2026 via checked.be.