VANTHOURNOUT WOUTER: 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 WOUTER
Largest movements
- Tangible fixed assets +€30,202
up €30,202 (+784%), from €3,851 to €34,053
of which Furniture and vehicles: +€28,895
- Receivables within one year +€21,486
up €21,486 (+19.4%), from €110,940 to €132,426
of which Other amounts receivable: +€12,318
- Cash -€7,236
down €7,236 (-97.7%), from €7,405 to €169
mainly Contributions, distributions and other (-€59,000) and Investment in fixed assets (net) (-€33,121)
- Stocks and contracts -€6,195
down €6,195 (-50.1%), from €12,356 to €6,160
of which Contracts in progress: -€4,642
- Other debts +€25,452
new in 2025: €25,452
- Debts after one year +€19,873
new in 2025: €19,873
- Trade debts -€15,158
down €15,158 (-28.2%), from €53,676 to €38,518
- Current portion of long-term debt +€7,824
new in 2025: €7,824
- Staff costs -€58,946
down €58,946 (-43.7%), from €134,922 to €75,976
- Other operating charges -€9,519
down €9,519 (-85.8%), from €11,088 to €1,569
- Gross operating margin -€7,153
down €7,153 (-4.5%), from €160,179 to €153,026
- Financial charges +€4,979
up €4,979 (+87.5%), from €5,689 to €10,668
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 | €136,278 | €174,927 | +€38,650 | +28.4% |
| Fixed assets | 21/28 | €3,851 | €34,053 | +€30,202 | +784% |
| Tangible fixed assets | 22/27 | €3,851 | €34,053 | +€30,202 | +784% |
| Plant, machinery and equipment | 23 | €547 | €2,089 | +€1,542 | +282% |
| Furniture and vehicles | 24 | €2,727 | €31,621 | +€28,895 | +1,060% |
| Other tangible fixed assets | 26 | €578 | €343 | -€235 | -40.7% |
| Current assets | 29/58 | €132,426 | €140,874 | +€8,448 | +6.4% |
| Stocks and contracts in progress | 3 | €12,356 | €6,160 | -€6,195 | -50.1% |
| Stocks | 30/36 | €5,566 | €4,013 | -€1,553 | -27.9% |
| Contracts in progress | 37 | €6,790 | €2,148 | -€4,642 | -68.4% |
| Amounts receivable within one year | 40/41 | €110,940 | €132,426 | +€21,486 | +19.4% |
| Trade receivables | 40 | €32,835 | €42,003 | +€9,168 | +27.9% |
| Other amounts receivable | 41 | €78,105 | €90,423 | +€12,318 | +15.8% |
| Cash at bank and in hand | 54/58 | €7,405 | €169 | -€7,236 | -97.7% |
| Deferred charges and accrued income | 490/1 | €1,726 | €2,119 | +€393 | +22.8% |
| Total equity and liabilities | 10/49 | €136,278 | €174,927 | +€38,650 | +28.4% |
| Equity | 10/15 | €27,827 | €28,474 | +€647 | +2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,827 | €3,474 | +€647 | +22.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €327 | €974 | +€647 | +198% |
| Amounts payable | 17/49 | €108,451 | €146,453 | +€38,003 | +35.0% |
| Amounts payable after more than one year | 17 | - | €19,873 | +€19,873 | |
| Financial debts | 170/4 | - | €19,873 | +€19,873 | |
| Amounts payable within one year | 42/48 | €108,451 | €126,581 | +€18,130 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,824 | +€7,824 | |
| Financial debts | 43 | €25,845 | €25,845 | = | 0.0% |
| Credit institutions | 430/8 | €25,845 | €25,845 | = | 0.0% |
| Trade debts | 44 | €53,676 | €38,518 | -€15,158 | -28.2% |
| Suppliers | 440/4 | €53,676 | €38,518 | -€15,158 | -28.2% |
| Taxes, remuneration and social security | 45 | €28,930 | €28,943 | +€13 | 0.0% |
| Taxes | 450/3 | €21,423 | €19,311 | -€2,112 | -9.9% |
| Remuneration and social security | 454/9 | €7,507 | €9,632 | +€2,125 | +28.3% |
| Other amounts payable | 47/48 | - | €25,452 | +€25,452 | |
| Remuneration, social security and pensions | 62 | €134,922 | €75,976 | -€58,946 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,740 | €2,919 | +€1,179 | +67.8% |
| Other operating charges | 640/8 | €11,088 | €1,569 | -€9,519 | -85.8% |
| Gross operating margin | 9900 | €160,179 | €153,026 | -€7,153 | -4.5% |
| Operating profit (loss) | 9901 | €12,429 | €72,561 | +€60,133 | +484% |
| Financial income | 75/76B | €3,900 | €4,332 | +€432 | +11.1% |
| Recurring financial income | 75 | €3,900 | €4,332 | +€432 | +11.1% |
| Financial charges | 65/66B | €5,689 | €10,668 | +€4,979 | +87.5% |
| Recurring financial charges | 65 | €5,689 | €10,668 | +€4,979 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €10,640 | €66,225 | +€55,585 | +522% |
| Income taxes | 67/77 | €6,428 | €6,578 | +€151 | +2.3% |
| Profit (loss) for the period | 9904 | €4,212 | €59,647 | +€55,435 | +1,316% |
| Profit (loss) for the period to be appropriated | 9905 | €4,212 | €59,647 | +€55,435 | +1,316% |
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 15 October 2026 via checked.be.