VanTruy: 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.
VanTruy
Largest movements
- Stocks and contracts +€302,481
up €302,481 (+21.4%), from €1.4m to €1.7m
- Cash +€173,032
up €173,032 (+47,995%), from €361 to €173,392
mainly Trade debts (+€247,539) and Tax, wage and social debts (+€127,558)
- Receivables within one year +€41,579
up €41,579 (+20.4%), from €203,738 to €245,316
of which Trade receivables: +€85,551
- Trade debts +€247,539
up €247,539 (+2,244%), from €11,032 to €258,570
- Tax, wage and social debts +€127,558
up €127,558 (+510%), from €24,996 to €152,554
- Profit (loss) carried forward +€102,696
up €102,696 (+187%), from €54,851 to €157,548
- Other debts +€38,743
up €38,743 (+4.1%), from €946,576 to €985,319
- Accrued charges and deferred income -€23,607
down €23,607 (-39.9%), from €59,184 to €35,577
- Gross operating margin +€232,186
up €232,186 (+3,090%), from €7,515 to €239,700
- Financial charges +€32,925
up €32,925 (+42.1%), from €78,119 to €111,043
of which Financial charges: +€33,270
- Financial income -€16,399
down €16,399 (-99.6%), from €16,459 to €60
- Taxes +€14,207
up €14,207, from -€231 to €13,976
- Depreciation +€4,072
up €4,072 (+59.1%), from €6,887 to €10,959
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 | €1,668,136 | €2,174,807 | +€506,671 | +30.4% |
| Fixed assets | 21/28 | €47,907 | €36,948 | -€10,959 | -22.9% |
| Tangible fixed assets | 22/27 | €47,907 | €36,948 | -€10,959 | -22.9% |
| Furniture and vehicles | 24 | €47,907 | €36,948 | -€10,959 | -22.9% |
| Current assets | 29/58 | €1,620,229 | €2,137,859 | +€517,630 | +31.9% |
| Stocks and contracts in progress | 3 | €1,415,233 | €1,717,714 | +€302,481 | +21.4% |
| Stocks | 30/36 | €1,415,233 | €1,717,714 | +€302,481 | +21.4% |
| Amounts receivable within one year | 40/41 | €203,738 | €245,316 | +€41,579 | +20.4% |
| Trade receivables | 40 | €158,695 | €244,247 | +€85,551 | +53.9% |
| Other amounts receivable | 41 | €45,043 | €1,070 | -€43,973 | -97.6% |
| Cash at bank and in hand | 54/58 | €361 | €173,392 | +€173,032 | +47,995% |
| Deferred charges and accrued income | 490/1 | €897 | €1,436 | +€539 | +60.0% |
| Total equity and liabilities | 10/49 | €1,668,136 | €2,174,807 | +€506,671 | +30.4% |
| Equity | 10/15 | €354,851 | €457,548 | +€102,696 | +28.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,851 | €157,548 | +€102,696 | +187% |
| Amounts payable | 17/49 | €1,313,285 | €1,717,260 | +€403,975 | +30.8% |
| Amounts payable within one year | 42/48 | €1,254,101 | €1,681,683 | +€427,582 | +34.1% |
| Financial debts | 43 | €271,497 | €285,239 | +€13,742 | +5.1% |
| Credit institutions | 430/8 | €271,497 | €285,239 | +€13,742 | +5.1% |
| Trade debts | 44 | €11,032 | €258,570 | +€247,539 | +2,244% |
| Suppliers | 440/4 | €11,032 | €258,570 | +€247,539 | +2,244% |
| Taxes, remuneration and social security | 45 | €24,996 | €152,554 | +€127,558 | +510% |
| Taxes | 450/3 | €24,996 | €152,554 | +€127,558 | +510% |
| Other amounts payable | 47/48 | €946,576 | €985,319 | +€38,743 | +4.1% |
| Accrued charges and deferred income | 492/3 | €59,184 | €35,577 | -€23,607 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,887 | €10,959 | +€4,072 | +59.1% |
| Other operating charges | 640/8 | €1,041 | €1,086 | +€45 | +4.3% |
| Gross operating margin | 9900 | €7,515 | €239,700 | +€232,186 | +3,090% |
| Operating profit (loss) | 9901 | -€413 | €227,656 | +€228,069 | |
| Financial income | 75/76B | €16,459 | €60 | -€16,399 | -99.6% |
| Recurring financial income | 75 | €16,459 | €60 | -€16,399 | -99.6% |
| Financial charges | 65/66B | €78,119 | €111,043 | +€32,925 | +42.1% |
| Recurring financial charges | 65 | €77,773 | €111,043 | +€33,270 | +42.8% |
| Non-recurring financial charges | 66B | €346 | - | -€346 | |
| Profit (loss) for the period before taxes | 9903 | -€62,072 | €116,673 | +€178,745 | |
| Income taxes | 67/77 | -€231 | €13,976 | +€14,207 | |
| Profit (loss) for the period | 9904 | -€61,842 | €102,696 | +€164,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,842 | €102,696 | +€164,538 |
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 25 October 2026 via checked.be.