VANTORRE INTERIEUR: 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.
VANTORRE INTERIEUR
Largest movements
- Cash +€63,814
up €63,814 (+60.4%), from €105,577 to €169,390
mainly Net result for the year (+€54,787) and Receivables within one year (+€43,986)
- Receivables within one year -€43,986
down €43,986 (-67.7%), from €65,010 to €21,024
of which Trade receivables: -€48,698
- Tangible fixed assets -€33,045
down €33,045 (-26.0%), from €127,143 to €94,098
of which Plant, machinery and equipment: -€23,011
- Intangible fixed assets +€5,884
new in 2025: €5,884
- Reserves -€76,739
down €76,739 (-58.3%), from €131,526 to €54,787
- Other debts +€38,687
up €38,687 (+110.1%), from €35,130 to €73,817
- Debts after one year +€37,685
up €37,685 (+62.1%), from €60,690 to €98,374
- Accrued charges and deferred income -€18,000
no longer reported in 2025 (was €18,000)
- Current portion of long-term debt +€5,074
up €5,074 (+19.7%), from €25,767 to €30,841
- Gross operating margin +€45,001
up €45,001 (+16.6%), from €271,881 to €316,882
- Staff costs +€18,125
up €18,125 (+10.2%), from €177,501 to €195,626
- Depreciation +€6,548
up €6,548 (+17.6%), from €37,218 to €43,766
- Taxes +€3,619
up €3,619 (+32.5%), from €11,140 to €14,760
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 | €315,444 | €305,089 | -€10,355 | -3.3% |
| Fixed assets | 21/28 | €127,143 | €99,981 | -€27,161 | -21.4% |
| Intangible fixed assets | 21 | - | €5,884 | +€5,884 | |
| Tangible fixed assets | 22/27 | €127,143 | €94,098 | -€33,045 | -26.0% |
| Plant, machinery and equipment | 23 | €96,354 | €73,343 | -€23,011 | -23.9% |
| Furniture and vehicles | 24 | €12,156 | €8,431 | -€3,725 | -30.6% |
| Leasing and similar rights | 25 | €18,632 | €12,324 | -€6,309 | -33.9% |
| Current assets | 29/58 | €188,301 | €205,108 | +€16,807 | +8.9% |
| Stocks and contracts in progress | 3 | €11,904 | €11,257 | -€647 | -5.4% |
| Stocks | 30/36 | €11,904 | €11,257 | -€647 | -5.4% |
| Amounts receivable within one year | 40/41 | €65,010 | €21,024 | -€43,986 | -67.7% |
| Trade receivables | 40 | €56,827 | €8,129 | -€48,698 | -85.7% |
| Other amounts receivable | 41 | €8,183 | €12,895 | +€4,712 | +57.6% |
| Cash at bank and in hand | 54/58 | €105,577 | €169,390 | +€63,814 | +60.4% |
| Deferred charges and accrued income | 490/1 | €5,810 | €3,436 | -€2,375 | -40.9% |
| Total equity and liabilities | 10/49 | €315,444 | €305,089 | -€10,355 | -3.3% |
| Equity | 10/15 | €136,526 | €59,787 | -€76,739 | -56.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,526 | €54,787 | -€76,739 | -58.3% |
| Distributable reserves | 133 | €131,526 | €54,787 | -€76,739 | -58.3% |
| Amounts payable | 17/49 | €178,918 | €245,302 | +€66,384 | +37.1% |
| Amounts payable after more than one year | 17 | €60,690 | €98,374 | +€37,685 | +62.1% |
| Financial debts | 170/4 | €60,690 | €98,374 | +€37,685 | +62.1% |
| Amounts payable within one year | 42/48 | €100,228 | €146,928 | +€46,700 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €25,767 | €30,841 | +€5,074 | +19.7% |
| Trade debts | 44 | €24,060 | €26,175 | +€2,116 | +8.8% |
| Suppliers | 440/4 | €24,060 | €26,175 | +€2,116 | +8.8% |
| Taxes, remuneration and social security | 45 | €15,272 | €16,095 | +€823 | +5.4% |
| Taxes | 450/3 | €2,802 | €10,910 | +€8,108 | +289.4% |
| Remuneration and social security | 454/9 | €12,470 | €5,185 | -€7,284 | -58.4% |
| Other amounts payable | 47/48 | €35,130 | €73,817 | +€38,687 | +110.1% |
| Accrued charges and deferred income | 492/3 | €18,000 | - | -€18,000 | |
| Remuneration, social security and pensions | 62 | €177,501 | €195,626 | +€18,125 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,218 | €43,766 | +€6,548 | +17.6% |
| Other operating charges | 640/8 | €2,004 | €3,278 | +€1,274 | +63.6% |
| Gross operating margin | 9900 | €271,881 | €316,882 | +€45,001 | +16.6% |
| Operating profit (loss) | 9901 | €55,159 | €74,213 | +€19,054 | +34.5% |
| Financial income | 75/76B | €1,368 | €1,671 | +€302 | +22.1% |
| Recurring financial income | 75 | €1,368 | €1,671 | +€302 | +22.1% |
| Financial charges | 65/66B | €4,011 | €6,338 | +€2,327 | +58.0% |
| Recurring financial charges | 65 | €4,011 | €6,338 | +€2,327 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €52,516 | €69,546 | +€17,030 | +32.4% |
| Income taxes | 67/77 | €11,140 | €14,760 | +€3,619 | +32.5% |
| Profit (loss) for the period | 9904 | €41,376 | €54,787 | +€13,411 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,376 | €54,787 | +€13,411 | +32.4% |
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 12 October 2026 via checked.be.