Vantieghem - Van Burm: 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 - Van Burm
Largest movements
- Cash +€105,960
up €105,960 (+135%), from €78,362 to €184,322
mainly Other debts (+€503,500) and Net result for the year (+€204,021)
- Receivables within one year -€71,503
down €71,503 (-27.8%), from €257,500 to €185,997
of which Other amounts receivable: -€67,855
- Other debts +€503,500
up €503,500 (+104%), from €486,027 to €989,527
- Reserves -€379,524
down €379,524 (-97.5%), from €389,217 to €9,693
of which Distributable reserves: -€379,524
- Debts after one year -€83,333
down €83,333 (-12.0%), from €694,445 to €611,112
- Gross operating margin +€27,867
up €27,867 (+10.9%), from €256,387 to €284,253
- Taxes +€8,025
up €8,025 (+14.5%), from €55,497 to €63,522
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 | €1,715,113 | €1,748,959 | +€33,846 | +2.0% |
| Fixed assets | 21/28 | €1,376,732 | €1,375,378 | -€1,353 | -0.1% |
| Tangible fixed assets | 22/27 | €2,355 | €1,002 | -€1,353 | -57.5% |
| Furniture and vehicles | 24 | €2,355 | €1,002 | -€1,353 | -57.5% |
| Financial fixed assets | 28 | €1,374,377 | €1,374,377 | = | 0.0% |
| Current assets | 29/58 | €338,381 | €373,581 | +€35,199 | +10.4% |
| Amounts receivable within one year | 40/41 | €257,500 | €185,997 | -€71,503 | -27.8% |
| Trade receivables | 40 | €3,648 | €0 | -€3,648 | -100% |
| Other amounts receivable | 41 | €253,852 | €185,997 | -€67,855 | -26.7% |
| Cash at bank and in hand | 54/58 | €78,362 | €184,322 | +€105,960 | +135% |
| Deferred charges and accrued income | 490/1 | €2,520 | €3,261 | +€742 | +29.4% |
| Total equity and liabilities | 10/49 | €1,715,113 | €1,748,959 | +€33,846 | +2.0% |
| Equity | 10/15 | €419,217 | €39,693 | -€379,524 | -90.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €389,217 | €9,693 | -€379,524 | -97.5% |
| Tax-exempt reserves | 132 | €672 | €672 | = | 0.0% |
| Distributable reserves | 133 | €388,544 | €9,021 | -€379,524 | -97.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,295,896 | €1,709,266 | +€413,370 | +31.9% |
| Amounts payable after more than one year | 17 | €694,445 | €611,112 | -€83,333 | -12.0% |
| Financial debts | 170/4 | €694,445 | €611,112 | -€83,333 | -12.0% |
| Amounts payable within one year | 42/48 | €590,020 | €1,087,585 | +€497,565 | +84.3% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €83,333 | = | 0.0% |
| Trade debts | 44 | €4,654 | €4,792 | +€137 | +3.0% |
| Suppliers | 440/4 | €4,654 | €4,792 | +€137 | +3.0% |
| Taxes, remuneration and social security | 45 | €16,005 | €9,933 | -€6,072 | -37.9% |
| Taxes | 450/3 | €16,005 | €9,933 | -€6,072 | -37.9% |
| Other amounts payable | 47/48 | €486,027 | €989,527 | +€503,500 | +104% |
| Accrued charges and deferred income | 492/3 | €11,432 | €10,570 | -€862 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €1,353 | -€533 | -28.3% |
| Other operating charges | 640/8 | €1,704 | €1,758 | +€53 | +3.1% |
| Non-recurring operating charges | 66A | €184 | €0 | -€184 | -100% |
| Gross operating margin | 9900 | €256,387 | €284,253 | +€27,867 | +10.9% |
| Operating profit (loss) | 9901 | €252,612 | €281,142 | +€28,531 | +11.3% |
| Financial income | 75/76B | €7,443 | €8,841 | +€1,399 | +18.8% |
| Recurring financial income | 75 | €7,443 | €8,841 | +€1,399 | +18.8% |
| Financial charges | 65/66B | €24,470 | €22,440 | -€2,030 | -8.3% |
| Recurring financial charges | 65 | €24,470 | €22,440 | -€2,030 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €235,584 | €267,543 | +€31,959 | +13.6% |
| Income taxes | 67/77 | €55,497 | €63,522 | +€8,025 | +14.5% |
| Profit (loss) for the period | 9904 | €180,087 | €204,021 | +€23,934 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €180,087 | €204,021 | +€23,934 | +13.3% |
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 28 October 2026 via checked.be.