VANZEEBROECK NV-SA: what changed
What changed
VANZEEBROECK NV-SA
NACE 46.499, Wholesale of other household goods
filed annual accounts (NBB)
Net result for the year
-€64,353
2024 · €129,332-€193,685
Equity
€3.6m
2024 · €3.7m-€64,353
Cash
€53,173
2024 · €97,353-€44,180
Balance sheet total
€7.1m
2024 · €6.6m+€504,808
Largest movements
Assets
- Tangible fixed assets +€458,751
up €458,751 (+11.9%), from €3.9m to €4.3m
of which Land and buildings: +€415,534
- Stocks and contracts +€127,979
up €127,979 (+7.6%), from €1.7m to €1.8m
Equity and liabilities
- Trade debts +€278,670
up €278,670 (+1,776%), from €15,692 to €294,362
- Debts after one year +€261,666
up €261,666 (+9.8%), from €2.7m to €2.9m
of which Other amounts payable: +€415,000
Income statement
- Gross operating margin -€363,624
down €363,624 (-44.9%), from €809,649 to €446,025
- Financial income +€309,185
up €309,185 (+731%), from €42,297 to €351,481
- Staff costs +€57,339
up €57,339 (+18.3%), from €313,899 to €371,237
- Financial charges +€50,385
up €50,385 (+56.2%), from €89,690 to €140,075
- Write-downs +€27,511
up €27,511, from -€27,511 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€129,332
Gross operating margin
-€363,624
Staff costs
-€57,339
Depreciation
-€21,660
Write-downs
-€27,511
Other operating charges
+€17,446
Financial income
+€309,185
Financial charges
-€50,385
Taxes
+€202
Result 2025
-€64,353
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€494,839
Investment
-€805,648
Financing
+€266,630
Cash 2024
€97,353
From operations (derived)
+€494,839
Net result for the year
-€64,353
Depreciation
+€344,264
Stocks and contracts
-€127,979
Receivables within one year
+€41,372
Smaller working-capital items
-€2,203
Trade debts
+€278,670
Tax, wage and social debts
-€21,869
Accrued charges and deferred income
+€46,936
Investment (derived)
-€805,648
Investment in fixed assets (net)
-€805,648
Financing
+€266,630
Debts after one year
+€261,666
Current portion of long-term debt
+€4,964
Cash 2025
€53,173
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,622,279 | €7,127,087 | +€504,808 | +7.6% |
| Fixed assets | 21/28 | €3,871,763 | €4,333,147 | +€461,384 | +11.9% |
| Intangible fixed assets | 21 | €8,027 | €10,660 | +€2,634 | +32.8% |
| Tangible fixed assets | 22/27 | €3,859,995 | €4,318,746 | +€458,751 | +11.9% |
| Land and buildings | 22 | €3,453,289 | €3,868,823 | +€415,534 | +12.0% |
| Plant, machinery and equipment | 23 | €380,867 | €421,656 | +€40,789 | +10.7% |
| Furniture and vehicles | 24 | €25,840 | €28,267 | +€2,427 | +9.4% |
| Financial fixed assets | 28 | €3,741 | €3,741 | = | 0.0% |
| Current assets | 29/58 | €2,750,516 | €2,793,940 | +€43,424 | +1.6% |
| Stocks and contracts in progress | 3 | €1,674,276 | €1,802,255 | +€127,979 | +7.6% |
| Stocks | 30/36 | €1,674,276 | €1,802,255 | +€127,979 | +7.6% |
| Amounts receivable within one year | 40/41 | €964,004 | €922,632 | -€41,372 | -4.3% |
| Trade receivables | 40 | €920,338 | €895,558 | -€24,780 | -2.7% |
| Other amounts receivable | 41 | €43,666 | €27,074 | -€16,592 | -38.0% |
| Cash at bank and in hand | 54/58 | €97,353 | €53,173 | -€44,180 | -45.4% |
| Deferred charges and accrued income | 490/1 | €14,883 | €15,879 | +€996 | +6.7% |
| Total equity and liabilities | 10/49 | €6,622,279 | €7,127,087 | +€504,808 | +7.6% |
| Equity | 10/15 | €3,677,229 | €3,612,876 | -€64,353 | -1.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €3,177,229 | €3,112,876 | -€64,353 | -2.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €3,127,229 | €3,062,876 | -€64,353 | -2.1% |
| Amounts payable | 17/49 | €2,945,050 | €3,514,211 | +€569,161 | +19.3% |
| Amounts payable after more than one year | 17 | €2,679,256 | €2,940,922 | +€261,666 | +9.8% |
| Financial debts | 170/4 | €1,479,256 | €1,325,922 | -€153,334 | -10.4% |
| Other amounts payable | 178/9 | €1,200,000 | €1,615,000 | +€415,000 | +34.6% |
| Amounts payable within one year | 42/48 | €254,765 | €515,323 | +€260,559 | +102% |
| Current portion of amounts payable after more than one year | 42 | €148,370 | €153,334 | +€4,964 | +3.3% |
| Trade debts | 44 | €15,692 | €294,362 | +€278,670 | +1,776% |
| Suppliers | 440/4 | €15,692 | €294,362 | +€278,670 | +1,776% |
| Taxes, remuneration and social security | 45 | €68,005 | €46,136 | -€21,869 | -32.2% |
| Taxes | 450/3 | €7,846 | €267 | -€7,578 | -96.6% |
| Remuneration and social security | 454/9 | €60,159 | €45,869 | -€14,290 | -23.8% |
| Other amounts payable | 47/48 | €22,698 | €21,491 | -€1,206 | -5.3% |
| Accrued charges and deferred income | 492/3 | €11,030 | €57,966 | +€46,936 | +426% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €313,899 | €371,237 | +€57,339 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322,604 | €344,264 | +€21,660 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,511 | €0 | +€27,511 | |
| Other operating charges | 640/8 | €23,272 | €5,825 | -€17,446 | -75.0% |
| Gross operating margin | 9900 | €809,649 | €446,025 | -€363,624 | -44.9% |
| Operating profit (loss) | 9901 | €177,385 | -€275,302 | -€452,687 | |
| Financial income | 75/76B | €42,297 | €351,481 | +€309,185 | +731% |
| Recurring financial income | 75 | €42,297 | €351,481 | +€309,185 | +731% |
| Financial charges | 65/66B | €89,690 | €140,075 | +€50,385 | +56.2% |
| Recurring financial charges | 65 | €89,690 | €140,075 | +€50,385 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €129,992 | -€63,896 | -€193,887 | |
| Income taxes | 67/77 | €660 | €458 | -€202 | -30.6% |
| Profit (loss) for the period | 9904 | €129,332 | -€64,353 | -€193,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,332 | -€64,353 | -€193,685 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.