VANZURPELE TEAM: 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.
VANZURPELE TEAM
Largest movements
- Receivables within one year +€75,951
up €75,951 (+75.6%), from €100,436 to €176,386
of which Trade receivables: +€85,925
- Stocks and contracts -€23,854
down €23,854 (-38.8%), from €61,529 to €37,675
- Deferred charges and accrued income -€7,461
down €7,461 (-76.2%), from €9,791 to €2,330
- Profit (loss) carried forward +€66,914
up €66,914 (+46.5%), from €143,956 to €210,870
- Accrued charges and deferred income +€35,593
up €35,593 (+1,288%), from €2,764 to €38,357
- Debts after one year -€31,164
down €31,164 (-16.8%), from €185,272 to €154,108
- Trade debts -€24,463
down €24,463 (-32.5%), from €75,286 to €50,822
- Gross operating margin +€36,292
up €36,292 (+9.0%), from €405,404 to €441,697
- Staff costs -€16,012
down €16,012 (-5.2%), from €307,431 to €291,419
- Taxes +€13,894
up €13,894 (+158%), from €8,794 to €22,688
- Depreciation +€6,058
up €6,058 (+13.4%), from €45,373 to €51,430
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 | €500,145 | €543,866 | +€43,720 | +8.7% |
| Fixed assets | 21/28 | €254,102 | €249,944 | -€4,157 | -1.6% |
| Tangible fixed assets | 22/27 | €253,902 | €249,744 | -€4,157 | -1.6% |
| Plant, machinery and equipment | 23 | €8,154 | €45,930 | +€37,775 | +463% |
| Furniture and vehicles | 24 | €50,312 | €37,710 | -€12,603 | -25.0% |
| Leasing and similar rights | 25 | €156,347 | €131,784 | -€24,563 | -15.7% |
| Other tangible fixed assets | 26 | €39,089 | €34,322 | -€4,767 | -12.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €246,044 | €293,921 | +€47,877 | +19.5% |
| Stocks and contracts in progress | 3 | €61,529 | €37,675 | -€23,854 | -38.8% |
| Stocks | 30/36 | €61,529 | €37,675 | -€23,854 | -38.8% |
| Amounts receivable within one year | 40/41 | €100,436 | €176,386 | +€75,951 | +75.6% |
| Trade receivables | 40 | €69,773 | €155,698 | +€85,925 | +123% |
| Other amounts receivable | 41 | €30,663 | €20,689 | -€9,974 | -32.5% |
| Cash at bank and in hand | 54/58 | €74,288 | €77,530 | +€3,242 | +4.4% |
| Deferred charges and accrued income | 490/1 | €9,791 | €2,330 | -€7,461 | -76.2% |
| Total equity and liabilities | 10/49 | €500,145 | €543,866 | +€43,720 | +8.7% |
| Equity | 10/15 | €158,956 | €225,870 | +€66,914 | +42.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,956 | €210,870 | +€66,914 | +46.5% |
| Amounts payable | 17/49 | €341,189 | €317,996 | -€23,194 | -6.8% |
| Amounts payable after more than one year | 17 | €185,272 | €154,108 | -€31,164 | -16.8% |
| Financial debts | 170/4 | €185,272 | €154,108 | -€31,164 | -16.8% |
| Amounts payable within one year | 42/48 | €153,154 | €125,530 | -€27,623 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €52,028 | €56,524 | +€4,496 | +8.6% |
| Trade debts | 44 | €75,286 | €50,822 | -€24,463 | -32.5% |
| Suppliers | 440/4 | €75,286 | €50,822 | -€24,463 | -32.5% |
| Taxes, remuneration and social security | 45 | €23,538 | €18,156 | -€5,382 | -22.9% |
| Taxes | 450/3 | €6,670 | - | -€6,670 | |
| Remuneration and social security | 454/9 | €16,868 | €18,156 | +€1,288 | +7.6% |
| Other amounts payable | 47/48 | €2,302 | €27 | -€2,275 | -98.8% |
| Accrued charges and deferred income | 492/3 | €2,764 | €38,357 | +€35,593 | +1,288% |
| Remuneration, social security and pensions | 62 | €307,431 | €291,419 | -€16,012 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,373 | €51,430 | +€6,058 | +13.4% |
| Other operating charges | 640/8 | €1,674 | €967 | -€707 | -42.3% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €8,158 | €102 | -€8,056 | -98.8% |
| Gross operating margin | 9900 | €405,404 | €441,697 | +€36,292 | +9.0% |
| Operating profit (loss) | 9901 | €42,768 | €97,779 | +€55,011 | +129% |
| Financial income | 75/76B | €951 | €750 | -€201 | -21.2% |
| Recurring financial income | 75 | €951 | €750 | -€201 | -21.2% |
| Financial charges | 65/66B | €10,100 | €8,927 | -€1,173 | -11.6% |
| Recurring financial charges | 65 | €10,100 | €8,927 | -€1,173 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €33,620 | €89,602 | +€55,982 | +167% |
| Income taxes | 67/77 | €8,794 | €22,688 | +€13,894 | +158% |
| Profit (loss) for the period | 9904 | €24,826 | €66,914 | +€42,088 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €24,826 | €66,914 | +€42,088 | +170% |
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 23 October 2026 via checked.be.