VANSTRACEELE: 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.
What changed
VANSTRACEELE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,524
2024 · €14,377-€9,852
Equity
€524,762
2024 · €520,418+€4,344
Cash
€8,155
2024 · €15,877-€7,722
Balance sheet total
€842,007
2024 · €892,811-€50,804
Largest movements
Assets
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Tangible fixed assets -€18,450
down €18,450 (-5.8%), from €319,241 to €300,791
of which Other tangible fixed assets: -€249,594
Equity and liabilities
- Other debts -€47,302
down €47,302 (-23.7%), from €199,535 to €152,233
- Debts after one year -€29,284
down €29,284 (-25.8%), from €113,484 to €84,200
- Short-term financial debts +€25,000
up €25,000 (+833.3%), from €3,000 to €28,000
- Tax, wage and social debts -€9,156
down €9,156 (-65.2%), from €14,047 to €4,890
Income statement
- Gross operating margin -€22,411
down €22,411 (-28.4%), from €78,789 to €56,378
- Taxes -€6,209
down €6,209 (-69.1%), from €8,983 to €2,774
- Financial charges -€4,832
down €4,832 (-19.9%), from €24,255 to €19,422
- Financial income +€3,666
up €3,666 (+1325.7%), from €277 to €3,943
- Other operating charges +€1,773
up €1,773 (+23.8%), from €7,465 to €9,238
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.
Result 2024
€14,377
Gross operating margin
-€22,411
Depreciation
-€106
Other operating charges
-€1,773
Other operating items
-€242
Financial income
+€3,666
Financial charges
+€4,832
Taxes
+€6,209
Deferred taxes and other
-€28
Result 2025
€4,524
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.
From operations
-€238
Investment
-€3,826
Financing
-€3,658
Cash 2024
€15,877
From operations (derived)
-€238
Net result for the year
+€4,524
Depreciation
+€24,180
Receivables after one year
+€25,000
Receivables within one year
-€5,345
Deferred charges and accrued income
+€3,073
Provisions
-€60
Trade debts
+€4,242
Tax, wage and social debts
-€9,156
Other debts
-€47,302
Accrued charges and deferred income
+€606
Investment (derived)
-€3,826
Investment in fixed assets (net)
-€3,826
Financing
-€3,658
Debts after one year
-€29,284
Current portion of long-term debt
+€805
Short-term financial debts
+€25,000
Contributions, distributions and other
-€180
Cash 2025
€8,155
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €892,811 | €842,007 | -€50,804 | -5.7% |
| Fixed assets | 21/28 | €322,223 | €301,869 | -€20,354 | -6.3% |
| Intangible fixed assets | 21 | €2,732 | €828 | -€1,904 | -69.7% |
| Tangible fixed assets | 22/27 | €319,241 | €300,791 | -€18,450 | -5.8% |
| Land and buildings | 22 | €61,392 | €295,794 | +€234,401 | +381.8% |
| Plant, machinery and equipment | 23 | €2,292 | €479 | -€1,812 | -79.1% |
| Furniture and vehicles | 24 | €3,110 | €1,665 | -€1,445 | -46.5% |
| Other tangible fixed assets | 26 | €252,447 | €2,853 | -€249,594 | -98.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €570,588 | €540,138 | -€30,450 | -5.3% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,230 | €23,575 | +€5,345 | +29.3% |
| Trade receivables | 40 | €17,517 | €3,302 | -€14,215 | -81.2% |
| Other amounts receivable | 41 | €713 | €20,273 | +€19,560 | +2743.4% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,877 | €8,155 | -€7,722 | -48.6% |
| Deferred charges and accrued income | 490/1 | €11,480 | €8,407 | -€3,073 | -26.8% |
| Total equity and liabilities | 10/49 | €892,811 | €842,007 | -€50,804 | -5.7% |
| Equity | 10/15 | €520,418 | €524,762 | +€4,344 | +0.8% |
| Contributions | 10/11 | €490,000 | €490,000 | = | 0.0% |
| Reserves | 13 | €28,432 | €32,956 | +€4,524 | +15.9% |
| Distributable reserves | 133 | €28,432 | €32,956 | +€4,524 | +15.9% |
| Investment grants | 15 | €1,986 | €1,806 | -€180 | -9.1% |
| Provisions and deferred taxes | 16 | €662 | €602 | -€60 | -9.1% |
| Deferred taxes | 168 | €662 | €602 | -€60 | -9.1% |
| Amounts payable | 17/49 | €371,731 | €316,643 | -€55,089 | -14.8% |
| Amounts payable after more than one year | 17 | €113,484 | €84,200 | -€29,284 | -25.8% |
| Financial debts | 170/4 | €113,484 | €84,200 | -€29,284 | -25.8% |
| Amounts payable within one year | 42/48 | €258,247 | €231,836 | -€26,411 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €29,651 | €30,456 | +€805 | +2.7% |
| Financial debts | 43 | €3,000 | €28,000 | +€25,000 | +833.3% |
| Credit institutions | 430/8 | €3,000 | €28,000 | +€25,000 | +833.3% |
| Trade debts | 44 | €12,015 | €16,257 | +€4,242 | +35.3% |
| Suppliers | 440/4 | €12,015 | €16,257 | +€4,242 | +35.3% |
| Taxes, remuneration and social security | 45 | €14,047 | €4,890 | -€9,156 | -65.2% |
| Taxes | 450/3 | €14,047 | €4,890 | -€9,156 | -65.2% |
| Other amounts payable | 47/48 | €199,535 | €152,233 | -€47,302 | -23.7% |
| Accrued charges and deferred income | 492/3 | - | €606 | +€606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,075 | €24,180 | +€106 | +0.4% |
| Other operating charges | 640/8 | €7,465 | €9,238 | +€1,773 | +23.8% |
| Non-recurring operating charges | 66A | - | €242 | +€242 | |
| Gross operating margin | 9900 | €78,789 | €56,378 | -€22,411 | -28.4% |
| Operating profit (loss) | 9901 | €47,250 | €22,718 | -€24,532 | -51.9% |
| Financial income | 75/76B | €277 | €3,943 | +€3,666 | +1325.7% |
| Recurring financial income | 75 | €277 | €3,943 | +€3,666 | +1325.7% |
| Financial charges | 65/66B | €24,255 | €19,422 | -€4,832 | -19.9% |
| Recurring financial charges | 65 | €24,255 | €19,422 | -€4,832 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €23,271 | €7,238 | -€16,034 | -68.9% |
| Transfer from deferred taxes | 780 | €88 | €60 | -€28 | -31.9% |
| Income taxes | 67/77 | €8,983 | €2,774 | -€6,209 | -69.1% |
| Profit (loss) for the period | 9904 | €14,377 | €4,524 | -€9,852 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,377 | €4,524 | -€9,852 | -68.5% |
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 4 October 2026 via checked.be.