VANSPEYBROUCK: 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.
VANSPEYBROUCK
Largest movements
- Current investments +€405,403
up €405,403 (+68.5%), from €591,613 to €997,016
- Tangible fixed assets -€39,933
down €39,933 (-8.0%), from €496,587 to €456,653
- Cash -€26,861
down €26,861 (-16.6%), from €161,898 to €135,037
mainly Current investments (-€405,403) and Receivables within one year (-€22,117)
- Receivables within one year +€22,117
up €22,117 (+74.4%), from €29,715 to €51,833
of which Trade receivables: +€16,300
- Reserves +€279,000
up €279,000 (+26.2%), from €1.1m to €1.3m
of which Distributable reserves: +€279,000
- Tax, wage and social debts +€54,912
up €54,912 (+732%), from €7,499 to €62,410
- Gross operating margin +€98,549
up €98,549 (+38.2%), from €257,914 to €356,463
- Financial income +€72,571
up €72,571 (+840%), from €8,640 to €81,211
of which Non-recurring financial income: +€70,748
- Taxes +€37,654
up €37,654 (+59.2%), from €63,573 to €101,227
- Other operating charges -€10,556
down €10,556 (-77.7%), from €13,584 to €3,028
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 | €1,337,760 | €1,694,121 | +€356,361 | +26.6% |
| Fixed assets | 21/28 | €547,190 | €502,197 | -€44,993 | -8.2% |
| Tangible fixed assets | 22/27 | €496,587 | €456,653 | -€39,933 | -8.0% |
| Land and buildings | 22 | €272,454 | €263,336 | -€9,118 | -3.3% |
| Plant, machinery and equipment | 23 | €25,413 | €22,108 | -€3,305 | -13.0% |
| Furniture and vehicles | 24 | €53,109 | €39,924 | -€13,185 | -24.8% |
| Other tangible fixed assets | 26 | €145,610 | €131,285 | -€14,325 | -9.8% |
| Financial fixed assets | 28 | €50,603 | €45,543 | -€5,060 | -10.0% |
| Current assets | 29/58 | €790,570 | €1,191,925 | +€401,355 | +50.8% |
| Amounts receivable within one year | 40/41 | €29,715 | €51,833 | +€22,117 | +74.4% |
| Trade receivables | 40 | €0 | €16,300 | +€16,300 | |
| Other amounts receivable | 41 | €29,715 | €35,533 | +€5,818 | +19.6% |
| Current investments | 50/53 | €591,613 | €997,016 | +€405,403 | +68.5% |
| Cash at bank and in hand | 54/58 | €161,898 | €135,037 | -€26,861 | -16.6% |
| Deferred charges and accrued income | 490/1 | €7,343 | €8,039 | +€695 | +9.5% |
| Total equity and liabilities | 10/49 | €1,337,760 | €1,694,121 | +€356,361 | +26.6% |
| Equity | 10/15 | €1,086,014 | €1,365,044 | +€279,031 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,065,120 | €1,344,120 | +€279,000 | +26.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,063,260 | €1,342,260 | +€279,000 | +26.2% |
| Profit (loss) carried forward | 14 | €2,294 | €2,324 | +€31 | +1.3% |
| Amounts payable | 17/49 | €251,746 | €329,077 | +€77,331 | +30.7% |
| Amounts payable within one year | 42/48 | €213,480 | €277,362 | +€63,882 | +29.9% |
| Financial debts | 43 | €16,892 | €13,477 | -€3,415 | -20.2% |
| Credit institutions | 430/8 | €16,892 | €13,477 | -€3,415 | -20.2% |
| Trade debts | 44 | €2,279 | €8,194 | +€5,915 | +260% |
| Suppliers | 440/4 | €2,279 | €8,194 | +€5,915 | +260% |
| Taxes, remuneration and social security | 45 | €7,499 | €62,410 | +€54,912 | +732% |
| Taxes | 450/3 | €7,499 | €62,410 | +€54,912 | +732% |
| Other amounts payable | 47/48 | €186,811 | €193,281 | +€6,470 | +3.5% |
| Accrued charges and deferred income | 492/3 | €38,266 | €51,715 | +€13,448 | +35.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,949 | €39,933 | +€1,984 | +5.2% |
| Other operating charges | 640/8 | €13,584 | €3,028 | -€10,556 | -77.7% |
| Gross operating margin | 9900 | €257,914 | €356,463 | +€98,549 | +38.2% |
| Operating profit (loss) | 9901 | €206,381 | €313,501 | +€107,121 | +51.9% |
| Financial income | 75/76B | €8,640 | €81,211 | +€72,571 | +840% |
| Recurring financial income | 75 | €8,640 | €10,464 | +€1,824 | +21.1% |
| Non-recurring financial income | 76B | - | €70,748 | +€70,748 | |
| Financial charges | 65/66B | €16,315 | €14,454 | -€1,860 | -11.4% |
| Recurring financial charges | 65 | €16,315 | €14,454 | -€1,860 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €198,706 | €380,258 | +€181,552 | +91.4% |
| Income taxes | 67/77 | €63,573 | €101,227 | +€37,654 | +59.2% |
| Profit (loss) for the period | 9904 | €135,132 | €279,031 | +€143,899 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €135,132 | €279,031 | +€143,899 | +106% |
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 29 October 2026 via checked.be.