Vanvuuren: 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.
Vanvuuren
Largest movements
- Tangible fixed assets +€293,957
up €293,957 (+29.5%), from €995,461 to €1.3m
of which Land and buildings: +€374,199
- Cash -€35,101
down €35,101 (-19.9%), from €176,240 to €141,139
mainly Investment in fixed assets (net) (-€411,997) and Receivables within one year (-€11,223)
- Debts after one year +€186,944
up €186,944 (+26.6%), from €703,865 to €890,809
- Reserves +€67,000
up €67,000 (+15.3%), from €438,000 to €505,000
- Trade debts +€16,116
up €16,116 (+38.2%), from €42,175 to €58,292
- Gross operating margin +€50,086
up €50,086 (+21.3%), from €234,667 to €284,753
- Depreciation -€11,070
down €11,070 (-7.9%), from €139,931 to €128,861
- Taxes +€9,945
up €9,945 (+327.2%), from €3,039 to €12,985
- Financial charges +€4,851
up €4,851 (+20.2%), from €23,989 to €28,840
- Other operating charges -€3,707
down €3,707 (-45.4%), from €8,161 to €4,454
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 | €1,349,694 | €1,607,105 | +€257,411 | +19.1% |
| Fixed assets | 21/28 | €1,029,916 | €1,313,052 | +€283,136 | +27.5% |
| Intangible fixed assets | 21 | €34,455 | €23,633 | -€10,822 | -31.4% |
| Tangible fixed assets | 22/27 | €995,461 | €1,289,418 | +€293,957 | +29.5% |
| Land and buildings | 22 | €549,365 | €923,564 | +€374,199 | +68.1% |
| Plant, machinery and equipment | 23 | €16,031 | €9,452 | -€6,579 | -41.0% |
| Furniture and vehicles | 24 | €30,470 | €18,196 | -€12,274 | -40.3% |
| Leasing and similar rights | 25 | €399,595 | €338,207 | -€61,388 | -15.4% |
| Current assets | 29/58 | €319,778 | €294,053 | -€25,725 | -8.0% |
| Amounts receivable within one year | 40/41 | €138,698 | €149,921 | +€11,223 | +8.1% |
| Trade receivables | 40 | €101,068 | €115,260 | +€14,191 | +14.0% |
| Other amounts receivable | 41 | €37,630 | €34,661 | -€2,969 | -7.9% |
| Cash at bank and in hand | 54/58 | €176,240 | €141,139 | -€35,101 | -19.9% |
| Deferred charges and accrued income | 490/1 | €4,840 | €2,994 | -€1,846 | -38.1% |
| Total equity and liabilities | 10/49 | €1,349,694 | €1,607,105 | +€257,411 | +19.1% |
| Equity | 10/15 | €450,567 | €517,688 | +€67,121 | +14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €438,000 | €505,000 | +€67,000 | +15.3% |
| Distributable reserves | 133 | €438,000 | €505,000 | +€67,000 | +15.3% |
| Profit (loss) carried forward | 14 | €167 | €288 | +€121 | +72.8% |
| Amounts payable | 17/49 | €899,127 | €1,089,416 | +€190,290 | +21.2% |
| Amounts payable after more than one year | 17 | €703,865 | €890,809 | +€186,944 | +26.6% |
| Financial debts | 170/4 | €703,865 | €890,809 | +€186,944 | +26.6% |
| Amounts payable within one year | 42/48 | €195,261 | €198,607 | +€3,346 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €143,445 | €132,471 | -€10,973 | -7.6% |
| Financial debts | 43 | €4,226 | - | -€4,226 | |
| Credit institutions | 430/8 | €4,226 | - | -€4,226 | |
| Trade debts | 44 | €42,175 | €58,292 | +€16,116 | +38.2% |
| Suppliers | 440/4 | €42,175 | €58,292 | +€16,116 | +38.2% |
| Taxes, remuneration and social security | 45 | €5,416 | €6,744 | +€1,328 | +24.5% |
| Taxes | 450/3 | €1,645 | €4,969 | +€3,324 | +202.0% |
| Remuneration and social security | 454/9 | €3,770 | €1,775 | -€1,995 | -52.9% |
| Other amounts payable | 47/48 | - | €1,100 | +€1,100 | |
| Remuneration, social security and pensions | 62 | €42,495 | €44,348 | +€1,853 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,931 | €128,861 | -€11,070 | -7.9% |
| Other operating charges | 640/8 | €8,161 | €4,454 | -€3,707 | -45.4% |
| Gross operating margin | 9900 | €234,667 | €284,753 | +€50,086 | +21.3% |
| Operating profit (loss) | 9901 | €44,080 | €107,091 | +€63,011 | +142.9% |
| Financial income | 75/76B | €1,113 | €1,855 | +€743 | +66.7% |
| Recurring financial income | 75 | €1,113 | €1,855 | +€743 | +66.7% |
| Financial charges | 65/66B | €23,989 | €28,840 | +€4,851 | +20.2% |
| Recurring financial charges | 65 | €23,989 | €28,840 | +€4,851 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €21,203 | €80,106 | +€58,903 | +277.8% |
| Income taxes | 67/77 | €3,039 | €12,985 | +€9,945 | +327.2% |
| Profit (loss) for the period | 9904 | €18,164 | €67,121 | +€48,957 | +269.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,164 | €67,121 | +€48,957 | +269.5% |
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 8 October 2026 via checked.be.