VANVELTHOVEN: 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.
VANVELTHOVEN
Largest movements
- Stocks and contracts +€9,590
up €9,590 (+39.6%), from €24,209 to €33,799
- Cash -€8,401
down €8,401 (-18.5%), from €45,479 to €37,078
mainly Stocks and contracts (-€9,590) and Debts after one year (-€4,407)
- Tangible fixed assets -€8,179
down €8,179 (-32.0%), from €25,572 to €17,392
of which Leasing and similar rights: -€7,402
- Receivables within one year +€2,227
up €2,227 (+122%), from €1,818 to €4,045
of which Trade receivables: +€1,564
- Debts after one year -€4,407
no longer reported in 2025 (was €4,407)
- Current portion of long-term debt -€2,153
down €2,153 (-35.8%), from €6,011 to €3,858
- Reserves +€2,007
up €2,007 (+6.5%), from €31,110 to €33,118
- Gross operating margin +€869
up €869 (+6.5%), from €13,325 to €14,194
- Financial charges -€435
down €435 (-63.4%), from €686 to €251
- Depreciation +€372
up €372 (+4.3%), from €8,715 to €9,088
- Taxes +€338
up €338 (+35.9%), from €941 to €1,279
- Financial income +€228
up €228 (+211%), from €108 to €336
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 | €98,884 | €94,085 | -€4,799 | -4.9% |
| Fixed assets | 21/28 | €25,572 | €17,392 | -€8,179 | -32.0% |
| Tangible fixed assets | 22/27 | €25,572 | €17,392 | -€8,179 | -32.0% |
| Land and buildings | 22 | €1,891 | €1,667 | -€224 | -11.9% |
| Plant, machinery and equipment | 23 | €1,208 | €788 | -€420 | -34.8% |
| Furniture and vehicles | 24 | €2,720 | €2,587 | -€133 | -4.9% |
| Leasing and similar rights | 25 | €19,752 | €12,350 | -€7,402 | -37.5% |
| Current assets | 29/58 | €73,313 | €76,693 | +€3,380 | +4.6% |
| Stocks and contracts in progress | 3 | €24,209 | €33,799 | +€9,590 | +39.6% |
| Stocks | 30/36 | €24,209 | €33,799 | +€9,590 | +39.6% |
| Amounts receivable within one year | 40/41 | €1,818 | €4,045 | +€2,227 | +122% |
| Trade receivables | 40 | €760 | €2,324 | +€1,564 | +206% |
| Other amounts receivable | 41 | €1,058 | €1,721 | +€663 | +62.7% |
| Cash at bank and in hand | 54/58 | €45,479 | €37,078 | -€8,401 | -18.5% |
| Deferred charges and accrued income | 490/1 | €1,807 | €1,771 | -€36 | -2.0% |
| Total equity and liabilities | 10/49 | €98,884 | €94,085 | -€4,799 | -4.9% |
| Equity | 10/15 | €34,110 | €36,118 | +€2,007 | +5.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,110 | €33,118 | +€2,007 | +6.5% |
| Distributable reserves | 133 | €31,110 | €33,118 | +€2,007 | +6.5% |
| Amounts payable | 17/49 | €64,774 | €57,968 | -€6,807 | -10.5% |
| Amounts payable after more than one year | 17 | €4,407 | - | -€4,407 | |
| Financial debts | 170/4 | €4,407 | - | -€4,407 | |
| Amounts payable within one year | 42/48 | €60,367 | €57,968 | -€2,400 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €6,011 | €3,858 | -€2,153 | -35.8% |
| Trade debts | 44 | €2,332 | €1,746 | -€586 | -25.1% |
| Suppliers | 440/4 | €2,332 | €1,746 | -€586 | -25.1% |
| Taxes, remuneration and social security | 45 | €941 | €1,267 | +€326 | +34.6% |
| Taxes | 450/3 | €941 | €1,267 | +€326 | +34.6% |
| Other amounts payable | 47/48 | €51,083 | €51,097 | +€14 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,715 | €9,088 | +€372 | +4.3% |
| Other operating charges | 640/8 | €1,789 | €1,905 | +€116 | +6.5% |
| Gross operating margin | 9900 | €13,325 | €14,194 | +€869 | +6.5% |
| Operating profit (loss) | 9901 | €2,821 | €3,201 | +€381 | +13.5% |
| Financial income | 75/76B | €108 | €336 | +€228 | +211% |
| Recurring financial income | 75 | €108 | €336 | +€228 | +211% |
| Financial charges | 65/66B | €686 | €251 | -€435 | -63.4% |
| Recurring financial charges | 65 | €686 | €251 | -€435 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €2,243 | €3,286 | +€1,043 | +46.5% |
| Income taxes | 67/77 | €941 | €1,279 | +€338 | +35.9% |
| Profit (loss) for the period | 9904 | €1,302 | €2,007 | +€705 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,302 | €2,007 | +€705 | +54.2% |
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 17 October 2026 via checked.be.