VANTIEGHEM: what changed
Two fiscal 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.
VANTIEGHEM
Largest movements
- Tangible fixed assets -€17,904
down €17,904 (-11.3%), from €159,039 to €141,136
of which Land and buildings: -€17,732
- Cash -€16,101
down €16,101 (-25.7%), from €62,548 to €46,446
mainly Net result for the year (-€33,468) and Other debts (-€1,450)
- Reserves -€33,000
down €33,000 (-15.4%), from €213,859 to €180,859
of which Distributable reserves: -€33,000
- Gross operating margin -€38,215
down €38,215, from €30,600 to -€7,615
- Financial charges +€4,045
up €4,045 (+1303.3%), from €310 to €4,355
of which Non-recurring financial charges: +€4,354
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 | €222,217 | €187,645 | -€34,572 | -15.6% |
| Fixed assets | 21/28 | €159,039 | €141,136 | -€17,904 | -11.3% |
| Tangible fixed assets | 22/27 | €159,039 | €141,136 | -€17,904 | -11.3% |
| Land and buildings | 22 | €158,694 | €140,962 | -€17,732 | -11.2% |
| Other tangible fixed assets | 26 | €346 | €174 | -€172 | -49.8% |
| Current assets | 29/58 | €63,178 | €46,509 | -€16,668 | -26.4% |
| Amounts receivable within one year | 40/41 | €46 | €63 | +€17 | +36.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €46 | €63 | +€17 | +36.0% |
| Cash at bank and in hand | 54/58 | €62,548 | €46,446 | -€16,101 | -25.7% |
| Deferred charges and accrued income | 490/1 | €584 | €0 | -€584 | -100.0% |
| Total equity and liabilities | 10/49 | €222,217 | €187,645 | -€34,572 | -15.6% |
| Equity | 10/15 | €220,535 | €187,067 | -€33,468 | -15.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €213,859 | €180,859 | -€33,000 | -15.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €212,000 | €179,000 | -€33,000 | -15.6% |
| Profit (loss) carried forward | 14 | €470 | €2 | -€468 | -99.5% |
| Amounts payable | 17/49 | €1,682 | €578 | -€1,104 | -65.6% |
| Amounts payable within one year | 42/48 | €1,682 | €277 | -€1,405 | -83.5% |
| Trade debts | 44 | €41 | €86 | +€45 | +110.2% |
| Suppliers | 440/4 | €41 | €86 | +€45 | +110.2% |
| Other amounts payable | 47/48 | €1,641 | €191 | -€1,450 | -88.4% |
| Accrued charges and deferred income | 492/3 | - | €301 | +€301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,904 | €17,904 | = | 0.0% |
| Other operating charges | 640/8 | €3,760 | €3,649 | -€111 | -2.9% |
| Gross operating margin | 9900 | €30,600 | -€7,615 | -€38,215 | |
| Operating profit (loss) | 9901 | €8,936 | -€29,168 | -€38,104 | |
| Financial income | 75/76B | €300 | €101 | -€199 | -66.3% |
| Recurring financial income | 75 | €300 | €101 | -€199 | -66.3% |
| Financial charges | 65/66B | €310 | €4,355 | +€4,045 | +1303.3% |
| Recurring financial charges | 65 | €310 | €1 | -€309 | -99.7% |
| Non-recurring financial charges | 66B | - | €4,354 | +€4,354 | |
| Profit (loss) for the period before taxes | 9903 | €8,926 | -€33,422 | -€42,348 | |
| Income taxes | 67/77 | - | €46 | +€46 | |
| Profit (loss) for the period | 9904 | €8,926 | -€33,468 | -€42,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,926 | -€33,468 | -€42,394 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.