Vanthuyne: 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.
Vanthuyne
Largest movements
- Cash +€73,145
up €73,145 (+122.1%), from €59,928 to €133,073
mainly Debts after one year (+€68,243) and Depreciation (+€48,781)
- Stocks and contracts +€48,189
up €48,189 (+235.6%), from €20,454 to €68,643
- Receivables within one year -€37,519
down €37,519 (-29.6%), from €126,804 to €89,285
of which Trade receivables: -€36,865
- Deferred charges and accrued income +€8,398
up €8,398 (+127.1%), from €6,608 to €15,007
- Debts after one year +€68,243
up €68,243 (+33.7%), from €202,774 to €271,017
- Reserves +€34,000
up €34,000 (+49.0%), from €69,360 to €103,360
- Trade debts -€19,228
down €19,228 (-82.3%), from €23,353 to €4,125
- Gross operating margin +€14,458
up €14,458 (+6.5%), from €222,251 to €236,709
- Staff costs +€7,358
up €7,358 (+6.3%), from €115,913 to €123,272
- Depreciation +€7,340
up €7,340 (+17.7%), from €41,441 to €48,781
- Other operating charges +€3,231
up €3,231 (+43.6%), from €7,408 to €10,640
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,923 | €593,424 | +€87,501 | +17.3% |
| Fixed assets | 21/28 | €292,129 | €287,416 | -€4,713 | -1.6% |
| Tangible fixed assets | 22/27 | €292,129 | €287,416 | -€4,713 | -1.6% |
| Land and buildings | 22 | €202,013 | €190,751 | -€11,262 | -5.6% |
| Plant, machinery and equipment | 23 | €14,075 | €30,198 | +€16,124 | +114.6% |
| Furniture and vehicles | 24 | €76,041 | €66,467 | -€9,574 | -12.6% |
| Current assets | 29/58 | €213,794 | €306,008 | +€92,214 | +43.1% |
| Stocks and contracts in progress | 3 | €20,454 | €68,643 | +€48,189 | +235.6% |
| Stocks | 30/36 | €20,454 | €68,643 | +€48,189 | +235.6% |
| Amounts receivable within one year | 40/41 | €126,804 | €89,285 | -€37,519 | -29.6% |
| Trade receivables | 40 | €125,468 | €88,603 | -€36,865 | -29.4% |
| Other amounts receivable | 41 | €1,336 | €681 | -€654 | -49.0% |
| Cash at bank and in hand | 54/58 | €59,928 | €133,073 | +€73,145 | +122.1% |
| Deferred charges and accrued income | 490/1 | €6,608 | €15,007 | +€8,398 | +127.1% |
| Total equity and liabilities | 10/49 | €505,923 | €593,424 | +€87,501 | +17.3% |
| Equity | 10/15 | €187,392 | €222,385 | +€34,993 | +18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,360 | €103,360 | +€34,000 | +49.0% |
| Distributable reserves | 133 | €69,360 | €103,360 | +€34,000 | +49.0% |
| Profit (loss) carried forward | 14 | €111,832 | €112,825 | +€993 | +0.9% |
| Amounts payable | 17/49 | €318,531 | €371,040 | +€52,508 | +16.5% |
| Amounts payable after more than one year | 17 | €202,774 | €271,017 | +€68,243 | +33.7% |
| Financial debts | 170/4 | €202,774 | €271,017 | +€68,243 | +33.7% |
| Amounts payable within one year | 42/48 | €115,757 | €100,023 | -€15,735 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €31,027 | €31,720 | +€693 | +2.2% |
| Trade debts | 44 | €23,353 | €4,125 | -€19,228 | -82.3% |
| Suppliers | 440/4 | €23,353 | €4,125 | -€19,228 | -82.3% |
| Taxes, remuneration and social security | 45 | €35,636 | €39,532 | +€3,896 | +10.9% |
| Taxes | 450/3 | €35,636 | €38,531 | +€2,895 | +8.1% |
| Remuneration and social security | 454/9 | - | €1,001 | +€1,001 | |
| Other amounts payable | 47/48 | €25,741 | €24,645 | -€1,096 | -4.3% |
| Non-recurring operating income | 76A | €9,050 | €474 | -€8,576 | -94.8% |
| Remuneration, social security and pensions | 62 | €115,913 | €123,272 | +€7,358 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,441 | €48,781 | +€7,340 | +17.7% |
| Other operating charges | 640/8 | €7,408 | €10,640 | +€3,231 | +43.6% |
| Gross operating margin | 9900 | €222,251 | €236,709 | +€14,458 | +6.5% |
| Operating profit (loss) | 9901 | €57,489 | €54,017 | -€3,471 | -6.0% |
| Financial income | 75/76B | €180 | €270 | +€91 | +50.4% |
| Recurring financial income | 75 | €180 | €270 | +€91 | +50.4% |
| Financial charges | 65/66B | €6,315 | €5,976 | -€339 | -5.4% |
| Recurring financial charges | 65 | €6,315 | €5,976 | -€339 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €51,354 | €48,312 | -€3,042 | -5.9% |
| Income taxes | 67/77 | €14,329 | €13,319 | -€1,010 | -7.1% |
| Profit (loss) for the period | 9904 | €37,025 | €34,993 | -€2,032 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,025 | €34,993 | -€2,032 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.