VANTIEGHEM MCI: 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.
VANTIEGHEM MCI
Largest movements
- Cash +€27,761
up €27,761 (+1,923%), from €1,444 to €29,205
mainly Net result for the year (+€33,835) and Receivables within one year (+€22,006)
- Receivables within one year -€22,006
down €22,006 (-36.3%), from €60,572 to €38,566
of which Trade receivables: -€21,844
- Reserves +€33,835
up €33,835 (+10.7%), from €315,870 to €349,705
- Current portion of long-term debt -€26,839
down €26,839 (-30.2%), from €88,859 to €62,020
- Gross operating margin -€72,546
down €72,546 (-60.5%), from €119,923 to €47,376
- Taxes -€14,838
down €14,838 (-62.4%), from €23,788 to €8,950
- Financial charges -€1,896
down €1,896 (-48.4%), from €3,914 to €2,018
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 | €993,758 | €998,211 | +€4,453 | +0.4% |
| Fixed assets | 21/28 | €927,767 | €926,372 | -€1,395 | -0.2% |
| Tangible fixed assets | 22/27 | €5,747 | €4,352 | -€1,395 | -24.3% |
| Furniture and vehicles | 24 | €3,082 | €1,995 | -€1,087 | -35.3% |
| Other tangible fixed assets | 26 | €2,665 | €2,357 | -€308 | -11.6% |
| Financial fixed assets | 28 | €922,020 | €922,020 | = | 0.0% |
| Current assets | 29/58 | €65,991 | €71,839 | +€5,848 | +8.9% |
| Amounts receivable within one year | 40/41 | €60,572 | €38,566 | -€22,006 | -36.3% |
| Trade receivables | 40 | €59,360 | €37,516 | -€21,844 | -36.8% |
| Other amounts receivable | 41 | €1,212 | €1,050 | -€162 | -13.3% |
| Cash at bank and in hand | 54/58 | €1,444 | €29,205 | +€27,761 | +1,923% |
| Deferred charges and accrued income | 490/1 | €3,975 | €4,067 | +€92 | +2.3% |
| Total equity and liabilities | 10/49 | €993,758 | €998,211 | +€4,453 | +0.4% |
| Equity | 10/15 | €880,870 | €914,705 | +€33,835 | +3.8% |
| Contributions | 10/11 | €565,000 | €565,000 | = | 0.0% |
| Reserves | 13 | €315,870 | €349,705 | +€33,835 | +10.7% |
| Distributable reserves | 133 | €315,870 | €349,705 | +€33,835 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €112,888 | €83,506 | -€29,382 | -26.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €112,818 | €83,452 | -€29,366 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €88,859 | €62,020 | -€26,839 | -30.2% |
| Financial debts | 43 | €5,887 | €0 | -€5,887 | -100% |
| Credit institutions | 430/8 | €5,887 | €0 | -€5,887 | -100% |
| Trade debts | 44 | €3,017 | €3,487 | +€470 | +15.6% |
| Suppliers | 440/4 | €3,017 | €3,487 | +€470 | +15.6% |
| Taxes, remuneration and social security | 45 | €13,901 | €16,140 | +€2,239 | +16.1% |
| Taxes | 450/3 | €13,901 | €16,140 | +€2,239 | +16.1% |
| Other amounts payable | 47/48 | €1,154 | €1,804 | +€650 | +56.4% |
| Accrued charges and deferred income | 492/3 | €71 | €54 | -€17 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | €1,395 | +€192 | +16.0% |
| Other operating charges | 640/8 | €1,086 | €1,183 | +€98 | +9.0% |
| Gross operating margin | 9900 | €119,923 | €47,376 | -€72,546 | -60.5% |
| Operating profit (loss) | 9901 | €117,634 | €44,798 | -€72,836 | -61.9% |
| Financial income | 75/76B | €47 | €5 | -€42 | -89.7% |
| Recurring financial income | 75 | €47 | €5 | -€42 | -89.7% |
| Financial charges | 65/66B | €3,914 | €2,018 | -€1,896 | -48.4% |
| Recurring financial charges | 65 | €3,914 | €2,018 | -€1,896 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €113,768 | €42,785 | -€70,983 | -62.4% |
| Income taxes | 67/77 | €23,788 | €8,950 | -€14,838 | -62.4% |
| Profit (loss) for the period | 9904 | €89,980 | €33,835 | -€56,144 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,980 | €33,835 | -€56,144 | -62.4% |
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 31 October 2026 via checked.be.