VANTHOOR: 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.
VANTHOOR
Largest movements
- Cash +€351,752
up €351,752 (+684%), from €51,435 to €403,186
mainly Current investments (+€211,128) and Net result for the year (+€113,028)
- Current investments -€211,128
down €211,128 (-87.6%), from €241,128 to €30,000
- Tangible fixed assets -€45,022
down €45,022 (-24.5%), from €183,597 to €138,575
of which Plant, machinery and equipment: -€40,099
- Receivables within one year -€34,073
down €34,073 (-27.8%), from €122,683 to €88,611
of which Other amounts receivable: -€34,928
- Stocks and contracts -€12,957
down €12,957 (-18.2%), from €71,004 to €58,047
of which Stocks: -€12,957
- Other debts +€53,705
up €53,705 (+88.8%), from €60,508 to €114,213
- Debts after one year -€23,614
down €23,614 (-79.6%), from €29,664 to €6,051
- Reserves +€13,028
up €13,028 (+2.9%), from €447,381 to €460,409
- Trade debts +€10,507
up €10,507 (+14.9%), from €70,438 to €80,946
- Current portion of long-term debt -€8,759
down €8,759 (-27.1%), from €32,373 to €23,614
- Gross operating margin +€60,703
up €60,703 (+14.2%), from €427,908 to €488,611
- Staff costs +€17,390
up €17,390 (+6.0%), from €290,687 to €308,077
- Taxes -€6,819
down €6,819 (-57.1%), from €11,945 to €5,126
- Depreciation -€5,762
down €5,762 (-7.3%), from €79,063 to €73,301
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 | €680,843 | €729,989 | +€49,146 | +7.2% |
| Fixed assets | 21/28 | €183,597 | €138,575 | -€45,022 | -24.5% |
| Tangible fixed assets | 22/27 | €183,597 | €138,575 | -€45,022 | -24.5% |
| Land and buildings | 22 | €32,666 | €19,868 | -€12,798 | -39.2% |
| Plant, machinery and equipment | 23 | €146,566 | €106,467 | -€40,099 | -27.4% |
| Furniture and vehicles | 24 | €4,365 | €12,240 | +€7,875 | +180% |
| Current assets | 29/58 | €497,246 | €591,414 | +€94,168 | +18.9% |
| Stocks and contracts in progress | 3 | €71,004 | €58,047 | -€12,957 | -18.2% |
| Stocks | 30/36 | €71,004 | €58,047 | -€12,957 | -18.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €122,683 | €88,611 | -€34,073 | -27.8% |
| Trade receivables | 40 | €60,807 | €61,661 | +€855 | +1.4% |
| Other amounts receivable | 41 | €61,877 | €26,949 | -€34,928 | -56.4% |
| Current investments | 50/53 | €241,128 | €30,000 | -€211,128 | -87.6% |
| Cash at bank and in hand | 54/58 | €51,435 | €403,186 | +€351,752 | +684% |
| Deferred charges and accrued income | 490/1 | €10,996 | €11,571 | +€575 | +5.2% |
| Total equity and liabilities | 10/49 | €680,843 | €729,989 | +€49,146 | +7.2% |
| Equity | 10/15 | €467,381 | €480,409 | +€13,028 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €447,381 | €460,409 | +€13,028 | +2.9% |
| Distributable reserves | 133 | €447,381 | €460,409 | +€13,028 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €213,462 | €249,580 | +€36,118 | +16.9% |
| Amounts payable after more than one year | 17 | €29,664 | €6,051 | -€23,614 | -79.6% |
| Financial debts | 170/4 | €29,664 | €6,051 | -€23,614 | -79.6% |
| Amounts payable within one year | 42/48 | €183,797 | €243,529 | +€59,732 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €32,373 | €23,614 | -€8,759 | -27.1% |
| Financial debts | 43 | €106 | €74 | -€33 | -30.8% |
| Credit institutions | 430/8 | €106 | €74 | -€33 | -30.8% |
| Trade debts | 44 | €70,438 | €80,946 | +€10,507 | +14.9% |
| Suppliers | 440/4 | €70,438 | €80,946 | +€10,507 | +14.9% |
| Taxes, remuneration and social security | 45 | €20,372 | €24,683 | +€4,311 | +21.2% |
| Taxes | 450/3 | €654 | €4,076 | +€3,422 | +524% |
| Remuneration and social security | 454/9 | €19,718 | €20,607 | +€889 | +4.5% |
| Other amounts payable | 47/48 | €60,508 | €114,213 | +€53,705 | +88.8% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €290,687 | €308,077 | +€17,390 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,063 | €73,301 | -€5,762 | -7.3% |
| Other operating charges | 640/8 | €2,109 | €1,095 | -€1,013 | -48.1% |
| Gross operating margin | 9900 | €427,908 | €488,611 | +€60,703 | +14.2% |
| Operating profit (loss) | 9901 | €56,049 | €106,138 | +€50,088 | +89.4% |
| Financial income | 75/76B | €14,155 | €16,083 | +€1,928 | +13.6% |
| Recurring financial income | 75 | €14,155 | €16,083 | +€1,928 | +13.6% |
| Financial charges | 65/66B | €6,141 | €4,067 | -€2,074 | -33.8% |
| Recurring financial charges | 65 | €6,141 | €4,067 | -€2,074 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €64,063 | €118,154 | +€54,091 | +84.4% |
| Income taxes | 67/77 | €11,945 | €5,126 | -€6,819 | -57.1% |
| Profit (loss) for the period | 9904 | €52,118 | €113,028 | +€60,910 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €52,118 | €113,028 | +€60,910 | +117% |
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 13 October 2026 via checked.be.