VANVUCHELEN MANAGEMENT IMMO: 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.
VANVUCHELEN MANAGEMENT IMMO
Largest movements
- Receivables after one year +€145,200
up €145,200 (+100%), from €145,200 to €290,400
- Cash +€47,239
up €47,239 (+18,704%), from €253 to €47,491
mainly Net result for the year (+€215,172) and Tax, wage and social debts (+€21,521)
- Reserves +€215,172
up €215,172 (+164%), from €131,548 to €346,720
- Debts after one year -€46,197
down €46,197 (-18.0%), from €256,833 to €210,637
- Tax, wage and social debts +€21,521
up €21,521 (+43.4%), from €49,635 to €71,156
- Gross operating margin +€84,694
up €84,694 (+46.3%), from €182,889 to €267,583
- Taxes +€21,642
up €21,642 (+58.2%), from €37,183 to €58,824
- Financial income +€18,700
new in 2025: €18,700
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 | €956,019 | €1,148,458 | +€192,439 | +20.1% |
| Fixed assets | 21/28 | €810,000 | €810,000 | = | 0.0% |
| Financial fixed assets | 28 | €810,000 | €810,000 | = | 0.0% |
| Current assets | 29/58 | €146,019 | €338,458 | +€192,439 | +132% |
| Amounts receivable after more than one year | 29 | €145,200 | €290,400 | +€145,200 | +100% |
| Trade receivables | 290 | €145,200 | €290,400 | +€145,200 | +100% |
| Cash at bank and in hand | 54/58 | €253 | €47,491 | +€47,239 | +18,704% |
| Deferred charges and accrued income | 490/1 | €567 | €567 | = | 0.0% |
| Total equity and liabilities | 10/49 | €956,019 | €1,148,458 | +€192,439 | +20.1% |
| Equity | 10/15 | €134,548 | €349,720 | +€215,172 | +160% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €131,548 | €346,720 | +€215,172 | +164% |
| Distributable reserves | 133 | €131,548 | €346,720 | +€215,172 | +164% |
| Amounts payable | 17/49 | €821,472 | €798,738 | -€22,733 | -2.8% |
| Amounts payable after more than one year | 17 | €256,833 | €210,637 | -€46,197 | -18.0% |
| Financial debts | 170/4 | €256,833 | €210,637 | -€46,197 | -18.0% |
| Amounts payable within one year | 42/48 | €564,638 | €588,102 | +€23,463 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €44,254 | €46,197 | +€1,943 | +4.4% |
| Trade debts | 44 | €749 | €749 | = | 0.0% |
| Suppliers | 440/4 | €749 | €749 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €49,635 | €71,156 | +€21,521 | +43.4% |
| Taxes | 450/3 | €49,635 | €71,156 | +€21,521 | +43.4% |
| Other amounts payable | 47/48 | €470,000 | €470,000 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €182,889 | €267,583 | +€84,694 | +46.3% |
| Operating profit (loss) | 9901 | €182,827 | €267,521 | +€84,694 | +46.3% |
| Financial income | 75/76B | - | €18,700 | +€18,700 | |
| Recurring financial income | 75 | - | €18,700 | +€18,700 | |
| Financial charges | 65/66B | €14,096 | €12,225 | -€1,872 | -13.3% |
| Recurring financial charges | 65 | €14,096 | €12,225 | -€1,872 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €168,730 | €273,996 | +€105,266 | +62.4% |
| Income taxes | 67/77 | €37,183 | €58,824 | +€21,642 | +58.2% |
| Profit (loss) for the period | 9904 | €131,548 | €215,172 | +€83,625 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,548 | €215,172 | +€83,625 | +63.6% |
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 27 October 2026 via checked.be.