Vanthillo Techniek & Service: 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.
Vanthillo Techniek & Service
Largest movements
- Receivables within one year +€16,532
up €16,532 (+56.1%), from €29,444 to €45,975
of which Trade receivables: +€17,394
- Stocks and contracts +€12,985
up €12,985 (+2,097%), from €619 to €13,604
- Cash -€1,654
down €1,654 (-7.7%), from €21,357 to €19,703
mainly Receivables within one year (-€16,532) and Stocks and contracts (-€12,985)
- Reserves +€38,709
up €38,709 (+138%), from €28,078 to €66,788
- Other debts -€5,787
down €5,787 (-43.5%), from €13,318 to €7,531
- Tax, wage and social debts -€3,657
down €3,657 (-22.6%), from €16,173 to €12,516
- Gross operating margin +€20,720
up €20,720 (+47.0%), from €44,059 to €64,780
- Taxes +€4,270
up €4,270 (+40.2%), from €10,612 to €14,883
- Financial charges -€952
down €952 (-30.3%), from €3,142 to €2,190
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 | €67,148 | €96,028 | +€28,880 | +43.0% |
| Fixed assets | 21/28 | €10,238 | €10,811 | +€574 | +5.6% |
| Intangible fixed assets | 21 | €446 | €396 | -€50 | -11.2% |
| Tangible fixed assets | 22/27 | €9,792 | €10,415 | +€624 | +6.4% |
| Plant, machinery and equipment | 23 | €9,792 | €8,867 | -€925 | -9.4% |
| Furniture and vehicles | 24 | - | €1,548 | +€1,548 | |
| Current assets | 29/58 | €56,910 | €85,217 | +€28,306 | +49.7% |
| Stocks and contracts in progress | 3 | €619 | €13,604 | +€12,985 | +2,097% |
| Stocks | 30/36 | €619 | €13,604 | +€12,985 | +2,097% |
| Amounts receivable within one year | 40/41 | €29,444 | €45,975 | +€16,532 | +56.1% |
| Trade receivables | 40 | €28,373 | €45,768 | +€17,394 | +61.3% |
| Other amounts receivable | 41 | €1,070 | €208 | -€863 | -80.6% |
| Cash at bank and in hand | 54/58 | €21,357 | €19,703 | -€1,654 | -7.7% |
| Deferred charges and accrued income | 490/1 | €5,490 | €5,934 | +€444 | +8.1% |
| Total equity and liabilities | 10/49 | €67,148 | €96,028 | +€28,880 | +43.0% |
| Equity | 10/15 | €28,078 | €66,788 | +€38,709 | +138% |
| Reserves | 13 | €28,078 | €66,788 | +€38,709 | +138% |
| Distributable reserves | 133 | €28,078 | €66,788 | +€38,709 | +138% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,069 | €29,240 | -€9,829 | -25.2% |
| Amounts payable within one year | 42/48 | €39,069 | €29,240 | -€9,829 | -25.2% |
| Trade debts | 44 | €9,579 | €9,193 | -€386 | -4.0% |
| Suppliers | 440/4 | €9,579 | €9,193 | -€386 | -4.0% |
| Taxes, remuneration and social security | 45 | €16,173 | €12,516 | -€3,657 | -22.6% |
| Taxes | 450/3 | €16,173 | €12,516 | -€3,657 | -22.6% |
| Other amounts payable | 47/48 | €13,318 | €7,531 | -€5,787 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,763 | €3,159 | +€397 | +14.4% |
| Other operating charges | 640/8 | €181 | €688 | +€507 | +280% |
| Gross operating margin | 9900 | €44,059 | €64,780 | +€20,720 | +47.0% |
| Operating profit (loss) | 9901 | €41,116 | €60,933 | +€19,817 | +48.2% |
| Financial income | 75/76B | €717 | €309 | -€408 | -56.9% |
| Recurring financial income | 75 | €717 | €309 | -€408 | -56.9% |
| Financial charges | 65/66B | €3,142 | €2,190 | -€952 | -30.3% |
| Recurring financial charges | 65 | €3,142 | €2,190 | -€952 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €38,691 | €59,051 | +€20,360 | +52.6% |
| Income taxes | 67/77 | €10,612 | €14,883 | +€4,270 | +40.2% |
| Profit (loss) for the period | 9904 | €28,078 | €44,168 | +€16,090 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,078 | €44,168 | +€16,090 | +57.3% |
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 23 October 2026 via checked.be.