VANTHILLO: 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
VANTHILLO
NACE 01.461, Pig breeding farms
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.1m+€103,569
Equity
€4.4m
2024 · €4.9m-€550,831
Cash
€91,510
2024 · €230,439-€138,928
Balance sheet total
€16.6m
2024 · €17.9m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€727,974
down €727,974 (-5.5%), from €13.2m to €12.4m
of which Land and buildings: -€662,764
- Stocks and contracts -€524,055
down €524,055 (-14.9%), from €3.5m to €3.0m
Equity and liabilities
- Contributions -€757,717
down €757,717 (-100.0%), from €757,717 to €0
- Debts after one year -€508,811
down €508,811 (-5.2%), from €9.7m to €9.2m
- Trade debts -€423,793
down €423,793 (-45.0%), from €940,856 to €517,064
- Reserves +€197,253
up €197,253 (+4.9%), from €4.0m to €4.2m
of which Tax-exempt reserves: +€520,091
Income statement
- Turnover -€1.8m
down €1.8m (-14.4%), from €12.8m to €10.9m
- Goods and materials -€1.5m
down €1.5m (-18.4%), from €7.9m to €6.5m
of which Purchases: -€1.1m
- Other operating income +€757,021
up €757,021 (+496.5%), from €152,486 to €909,507
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
€1.1m
Turnover
-€1.8m
Other operating income
+€757,021
Goods and materials
+€1.5m
Services and other goods
-€110,882
Staff costs
-€93,795
Depreciation
-€59,072
Other operating charges
-€3,785
Other operating items
+€4,958
Financial income
+€24,351
Financial charges
+€15,334
Taxes
+€123,133
Deferred taxes and other
-€173,364
Result 2025
€1.2m
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
+€2.5m
Investment
-€459,610
Financing
-€2.2m
Cash 2024
€230,439
From operations (derived)
+€2.5m
Net result for the year
+€1.2m
Depreciation
+€1.2m
Stocks and contracts
+€524,055
Receivables within one year
-€130,805
Smaller working-capital items
-€2,736
Provisions
+€173,364
Trade debts
-€423,793
Tax, wage and social debts
-€42,762
Investment (derived)
-€459,610
Investment in fixed assets (net)
-€459,610
Financing
-€2.2m
Debts after one year
-€508,811
Current portion of long-term debt
-€4,583
Short-term financial debts
+€100,000
Contributions, distributions and other
-€1.8m
Cash 2025
€91,510
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,885,952 | €16,626,647 | -€1.3m | -7.0% |
| Fixed assets | 21/28 | €13,176,114 | €12,448,140 | -€727,974 | -5.5% |
| Tangible fixed assets | 22/27 | €13,170,028 | €12,442,054 | -€727,974 | -5.5% |
| Land and buildings | 22 | €11,518,924 | €10,856,161 | -€662,764 | -5.8% |
| Plant, machinery and equipment | 23 | €1,424,469 | €1,413,541 | -€10,928 | -0.8% |
| Furniture and vehicles | 24 | €135,671 | €89,036 | -€46,635 | -34.4% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €90,963 | €83,317 | -€7,647 | -8.4% |
| Financial fixed assets | 28 | €6,086 | €6,086 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,086 | €6,086 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,086 | €6,086 | = | 0.0% |
| Current assets | 29/58 | €4,709,839 | €4,178,507 | -€531,331 | -11.3% |
| Stocks and contracts in progress | 3 | €3,519,400 | €2,995,345 | -€524,055 | -14.9% |
| Stocks | 30/36 | €3,519,400 | €2,995,345 | -€524,055 | -14.9% |
| Goods purchased for resale | 34 | €3,519,400 | €2,995,345 | -€524,055 | -14.9% |
| Amounts receivable within one year | 40/41 | €886,261 | €1,017,066 | +€130,805 | +14.8% |
| Trade receivables | 40 | €174,577 | €302,194 | +€127,617 | +73.1% |
| Other amounts receivable | 41 | €711,684 | €714,872 | +€3,188 | +0.4% |
| Cash at bank and in hand | 54/58 | €230,439 | €91,510 | -€138,928 | -60.3% |
| Deferred charges and accrued income | 490/1 | €73,739 | €74,586 | +€847 | +1.1% |
| Total equity and liabilities | 10/49 | €17,885,952 | €16,626,647 | -€1.3m | -7.0% |
| Equity | 10/15 | €4,946,956 | €4,396,125 | -€550,831 | -11.1% |
| Contributions | 10/11 | €757,717 | €0 | -€757,717 | -100.0% |
| Reserves | 13 | €4,024,239 | €4,221,492 | +€197,253 | +4.9% |
| Non-distributable reserves | 130/1 | €75,772 | €0 | -€75,772 | -100.0% |
| Reserves not available under the articles | 1311 | €75,772 | €0 | -€75,772 | -100.0% |
| Tax-exempt reserves | 132 | €310,000 | €830,091 | +€520,091 | +167.8% |
| Distributable reserves | 133 | €3,638,467 | €3,391,401 | -€247,066 | -6.8% |
| Investment grants | 15 | €165,000 | €174,633 | +€9,633 | +5.8% |
| Provisions and deferred taxes | 16 | - | €173,364 | +€173,364 | |
| Deferred taxes | 168 | - | €173,364 | +€173,364 | |
| Amounts payable | 17/49 | €12,938,996 | €12,057,159 | -€881,837 | -6.8% |
| Amounts payable after more than one year | 17 | €9,732,905 | €9,224,094 | -€508,811 | -5.2% |
| Financial debts | 170/4 | €9,732,905 | €9,224,094 | -€508,811 | -5.2% |
| Credit institutions | 173 | €9,732,905 | €9,224,094 | -€508,811 | -5.2% |
| Amounts payable within one year | 42/48 | €3,206,092 | €2,833,065 | -€373,026 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €1,047,838 | €1,043,255 | -€4,583 | -0.4% |
| Financial debts | 43 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Credit institutions | 430/8 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Trade debts | 44 | €940,856 | €517,064 | -€423,793 | -45.0% |
| Suppliers | 440/4 | €940,856 | €517,064 | -€423,793 | -45.0% |
| Taxes, remuneration and social security | 45 | €123,025 | €80,263 | -€42,762 | -34.8% |
| Taxes | 450/3 | €48,495 | €0 | -€48,495 | -100.0% |
| Remuneration and social security | 454/9 | €74,530 | €80,263 | +€5,733 | +7.7% |
| Other amounts payable | 47/48 | €694,372 | €692,484 | -€1,889 | -0.3% |
| Operating income | 70/76A | €12,929,506 | €11,854,281 | -€1.1m | -8.3% |
| Turnover | 70 | €12,777,020 | €10,939,825 | -€1.8m | -14.4% |
| Other operating income | 74 | €152,486 | €909,507 | +€757,021 | +496.5% |
| Non-recurring operating income | 76A | - | €4,949 | +€4,949 | |
| Operating charges | 60/66A | €11,005,170 | €9,815,830 | -€1.2m | -10.8% |
| Goods for resale, raw materials and consumables | 60 | €7,927,672 | €6,470,808 | -€1.5m | -18.4% |
| Purchases | 600/8 | €7,012,372 | €5,946,753 | -€1.1m | -15.2% |
| Change in stocks: decrease (increase) | 609 | €915,300 | €524,055 | -€391,245 | -42.7% |
| Services and other goods | 61 | €1,346,768 | €1,457,650 | +€110,882 | +8.2% |
| Remuneration, social security and pensions | 62 | €549,210 | €643,005 | +€93,795 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128,511 | €1,187,583 | +€59,072 | +5.2% |
| Other operating charges | 640/8 | €52,999 | €56,784 | +€3,785 | +7.1% |
| Non-recurring operating charges | 66A | €10 | - | -€10 | |
| Operating profit (loss) | 9901 | €1,924,336 | €2,038,450 | +€114,114 | +5.9% |
| Financial income | 75/76B | €32,490 | €56,841 | +€24,351 | +74.9% |
| Recurring financial income | 75 | €32,490 | €56,841 | +€24,351 | +74.9% |
| Income from current assets | 751 | €15,281 | €21,549 | +€6,268 | +41.0% |
| Other financial income | 752/9 | €17,208 | €35,292 | +€18,083 | +105.1% |
| Financial charges | 65/66B | €485,328 | €469,994 | -€15,334 | -3.2% |
| Recurring financial charges | 65 | €485,328 | €469,994 | -€15,334 | -3.2% |
| Debt charges | 650 | €484,029 | €467,994 | -€16,034 | -3.3% |
| Other financial charges | 652/9 | €1,299 | €2,000 | +€700 | +53.9% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €1,471,498 | €1,625,297 | +€153,799 | +10.5% |
| Transfer from deferred taxes | 780 | - | €4,630 | +€4,630 | |
| Transfer to deferred taxes | 680 | - | €177,993 | +€177,993 | |
| Income taxes | 67/77 | €347,314 | €224,181 | -€123,133 | -35.5% |
| Taxes | 670/3 | €347,314 | €226,679 | -€120,636 | -34.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,498 | +€2,498 | |
| Profit (loss) for the period | 9904 | €1,124,183 | €1,227,752 | +€103,569 | +9.2% |
| Transfer from tax-exempt reserves | 789 | - | €13,889 | +€13,889 | |
| Transfer to tax-exempt reserves | 689 | €310,000 | €533,980 | +€223,980 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €814,183 | €707,661 | -€106,522 | -13.1% |
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 8 October 2026 via checked.be.