VANTYGHEM PROJECTS: 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.
VANTYGHEM PROJECTS
Largest movements
- Cash +€35,292
up €35,292 (+297.6%), from €11,860 to €47,152
mainly Net result for the year (+€29,276) and Trade debts (+€28,627)
- Tangible fixed assets -€11,647
down €11,647 (-2.3%), from €510,863 to €499,217
- Stocks and contracts -€8,426
down €8,426 (-7.5%), from €111,923 to €103,498
- Trade debts +€28,627
up €28,627 (+422.9%), from €6,769 to €35,396
- Profit (loss) carried forward +€25,276
up €25,276 (+9.4%), from €269,609 to €294,885
- Other debts -€14,182
down €14,182 (-78.0%), from €18,182 to €4,000
- Debts after one year -€11,400
down €11,400 (-4.7%), from €244,050 to €232,650
- Gross operating margin +€29,085
up €29,085 (+60.7%), from €47,943 to €77,028
- Taxes +€8,345
new in 2025: €8,345
- Other operating charges +€3,064
up €3,064 (+39.5%), from €7,749 to €10,813
- Financial income +€2,203
up €2,203 (+3630.3%), from €61 to €2,264
- Financial charges -€793
down €793 (-6.5%), from €12,218 to €11,424
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 | €746,939 | €771,857 | +€24,918 | +3.3% |
| Fixed assets | 21/28 | €510,863 | €499,217 | -€11,647 | -2.3% |
| Tangible fixed assets | 22/27 | €510,863 | €499,217 | -€11,647 | -2.3% |
| Land and buildings | 22 | €510,863 | €499,217 | -€11,647 | -2.3% |
| Current assets | 29/58 | €236,076 | €272,640 | +€36,564 | +15.5% |
| Stocks and contracts in progress | 3 | €111,923 | €103,498 | -€8,426 | -7.5% |
| Stocks | 30/36 | €111,923 | €103,498 | -€8,426 | -7.5% |
| Amounts receivable within one year | 40/41 | €108,340 | €111,503 | +€3,164 | +2.9% |
| Trade receivables | 40 | €108,340 | €106,868 | -€1,471 | -1.4% |
| Other amounts receivable | 41 | - | €4,635 | +€4,635 | |
| Cash at bank and in hand | 54/58 | €11,860 | €47,152 | +€35,292 | +297.6% |
| Deferred charges and accrued income | 490/1 | €3,953 | €10,488 | +€6,535 | +165.3% |
| Total equity and liabilities | 10/49 | €746,939 | €771,857 | +€24,918 | +3.3% |
| Equity | 10/15 | €439,114 | €464,390 | +€25,276 | +5.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €95,137 | €95,137 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,332 | €13,332 | = | 0.0% |
| Distributable reserves | 133 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,609 | €294,885 | +€25,276 | +9.4% |
| Amounts payable | 17/49 | €307,825 | €307,467 | -€358 | -0.1% |
| Amounts payable after more than one year | 17 | €244,050 | €232,650 | -€11,400 | -4.7% |
| Financial debts | 170/4 | €244,050 | €232,650 | -€11,400 | -4.7% |
| Amounts payable within one year | 42/48 | €63,775 | €74,817 | +€11,042 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €31,400 | €31,400 | = | 0.0% |
| Trade debts | 44 | €6,769 | €35,396 | +€28,627 | +422.9% |
| Suppliers | 440/4 | €6,769 | €35,396 | +€28,627 | +422.9% |
| Taxes, remuneration and social security | 45 | €7,425 | €4,021 | -€3,403 | -45.8% |
| Taxes | 450/3 | €5,586 | €4,021 | -€1,565 | -28.0% |
| Remuneration and social security | 454/9 | €1,838 | - | -€1,838 | |
| Other amounts payable | 47/48 | €18,182 | €4,000 | -€14,182 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,675 | €19,433 | -€243 | -1.2% |
| Other operating charges | 640/8 | €7,749 | €10,813 | +€3,064 | +39.5% |
| Gross operating margin | 9900 | €47,943 | €77,028 | +€29,085 | +60.7% |
| Operating profit (loss) | 9901 | €20,518 | €46,782 | +€26,264 | +128.0% |
| Financial income | 75/76B | €61 | €2,264 | +€2,203 | +3630.3% |
| Recurring financial income | 75 | €61 | €2,264 | +€2,203 | +3630.3% |
| Financial charges | 65/66B | €12,218 | €11,424 | -€793 | -6.5% |
| Recurring financial charges | 65 | €12,218 | €11,424 | -€793 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €8,361 | €37,622 | +€29,260 | +349.9% |
| Income taxes | 67/77 | - | €8,345 | +€8,345 | |
| Profit (loss) for the period | 9904 | €8,361 | €29,276 | +€20,915 | +250.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,361 | €29,276 | +€20,915 | +250.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.