Vanthournout - Sieben: 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.
Vanthournout - Sieben
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€290,037
down €290,037 (-45.0%), from €644,012 to €353,974
mainly Current investments (-€500,000) and Trade debts (-€53,193)
- Reserves +€208,460
up €208,460 (+45.4%), from €458,716 to €667,176
- Trade debts -€53,193
down €53,193 (-53.1%), from €100,126 to €46,933
- Tax, wage and social debts +€41,077
up €41,077 (+41.7%), from €98,500 to €139,577
of which Taxes: +€40,910
- Other debts +€9,864
up €9,864 (+126.4%), from €7,805 to €17,669
- Gross operating margin +€87,438
up €87,438 (+31.1%), from €281,041 to €368,479
- Taxes +€36,581
up €36,581 (+51.1%), from €71,523 to €108,104
- Depreciation -€9,872
down €9,872 (-52.7%), from €18,734 to €8,862
- Other operating charges -€5,947
down €5,947 (-70.3%), from €8,466 to €2,518
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,062 | €918,579 | +€203,517 | +28.5% |
| Fixed assets | 21/28 | €21,692 | €12,830 | -€8,862 | -40.9% |
| Tangible fixed assets | 22/27 | €12,625 | €3,762 | -€8,862 | -70.2% |
| Plant, machinery and equipment | 23 | €4,829 | €3,081 | -€1,748 | -36.2% |
| Other tangible fixed assets | 26 | €7,796 | €681 | -€7,115 | -91.3% |
| Financial fixed assets | 28 | €9,067 | €9,067 | = | 0.0% |
| Current assets | 29/58 | €693,370 | €905,750 | +€212,379 | +30.6% |
| Stocks and contracts in progress | 3 | €47,029 | €47,029 | = | 0.0% |
| Stocks | 30/36 | €47,029 | €47,029 | = | 0.0% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €644,012 | €353,974 | -€290,037 | -45.0% |
| Deferred charges and accrued income | 490/1 | €2,330 | €4,746 | +€2,417 | +103.7% |
| Total equity and liabilities | 10/49 | €715,062 | €918,579 | +€203,517 | +28.5% |
| Equity | 10/15 | €464,916 | €673,376 | +€208,460 | +44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €458,716 | €667,176 | +€208,460 | +45.4% |
| Distributable reserves | 133 | €458,716 | €667,176 | +€208,460 | +45.4% |
| Amounts payable | 17/49 | €250,146 | €245,203 | -€4,943 | -2.0% |
| Amounts payable within one year | 42/48 | €240,376 | €235,433 | -€4,943 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €8,965 | - | -€8,965 | |
| Trade debts | 44 | €100,126 | €46,933 | -€53,193 | -53.1% |
| Suppliers | 440/4 | €100,126 | €46,933 | -€53,193 | -53.1% |
| Advances received on contracts in progress | 46 | €24,980 | €31,254 | +€6,274 | +25.1% |
| Taxes, remuneration and social security | 45 | €98,500 | €139,577 | +€41,077 | +41.7% |
| Taxes | 450/3 | €93,493 | €134,403 | +€40,910 | +43.8% |
| Remuneration and social security | 454/9 | €5,007 | €5,175 | +€167 | +3.3% |
| Other amounts payable | 47/48 | €7,805 | €17,669 | +€9,864 | +126.4% |
| Accrued charges and deferred income | 492/3 | €9,771 | €9,771 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €36,126 | €36,624 | +€498 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,734 | €8,862 | -€9,872 | -52.7% |
| Other operating charges | 640/8 | €8,466 | €2,518 | -€5,947 | -70.3% |
| Gross operating margin | 9900 | €281,041 | €368,479 | +€87,438 | +31.1% |
| Operating profit (loss) | 9901 | €217,715 | €320,475 | +€102,759 | +47.2% |
| Financial income | 75/76B | €191 | €3,648 | +€3,457 | +1811.9% |
| Recurring financial income | 75 | €191 | €3,648 | +€3,457 | +1811.9% |
| Financial charges | 65/66B | €5,654 | €7,558 | +€1,904 | +33.7% |
| Recurring financial charges | 65 | €5,654 | €7,558 | +€1,904 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €212,252 | €316,564 | +€104,312 | +49.1% |
| Income taxes | 67/77 | €71,523 | €108,104 | +€36,581 | +51.1% |
| Profit (loss) for the period | 9904 | €140,729 | €208,460 | +€67,731 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €140,729 | €208,460 | +€67,731 | +48.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.