VEYS-VANCLOOSTER: 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.
VEYS-VANCLOOSTER
Largest movements
- Tangible fixed assets +€401,241
up €401,241 (+34.3%), from €1.2m to €1.6m
of which Land and buildings: +€436,096
- Stocks and contracts +€178,472
up €178,472 (+20.8%), from €856,125 to €1.0m
- Cash -€123,382
down €123,382 (-21.8%), from €566,959 to €443,576
mainly Investment in fixed assets (net) (-€518,909) and Contributions, distributions and other (-€200,000)
- Debts after one year +€257,062
up €257,062 (+103%), from €250,000 to €507,062
- Current portion of long-term debt +€142,857
up €142,857, from €0 to €142,857
- Trade debts +€58,667
up €58,667 (+221%), from €26,491 to €85,158
- Accrued charges and deferred income -€44,593
down €44,593 (-72.6%), from €61,393 to €16,800
- Reserves +€41,595
up €41,595 (+2.2%), from €1.9m to €2.0m
- Taxes -€9,744
down €9,744 (-9.5%), from €102,682 to €92,939
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 | €2,794,123 | €3,264,166 | +€470,043 | +16.8% |
| Fixed assets | 21/28 | €1,172,648 | €1,573,888 | +€401,241 | +34.2% |
| Tangible fixed assets | 22/27 | €1,170,148 | €1,571,388 | +€401,241 | +34.3% |
| Land and buildings | 22 | €1,099,124 | €1,535,220 | +€436,096 | +39.7% |
| Plant, machinery and equipment | 23 | €21,424 | €13,837 | -€7,587 | -35.4% |
| Furniture and vehicles | 24 | €49,600 | €22,331 | -€27,269 | -55.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,621,475 | €1,690,278 | +€68,803 | +4.2% |
| Stocks and contracts in progress | 3 | €856,125 | €1,034,597 | +€178,472 | +20.8% |
| Stocks | 30/36 | €856,125 | €1,034,597 | +€178,472 | +20.8% |
| Amounts receivable within one year | 40/41 | €197,346 | €203,455 | +€6,110 | +3.1% |
| Trade receivables | 40 | €189,493 | €186,394 | -€3,100 | -1.6% |
| Other amounts receivable | 41 | €7,852 | €17,061 | +€9,209 | +117% |
| Cash at bank and in hand | 54/58 | €566,959 | €443,576 | -€123,382 | -21.8% |
| Deferred charges and accrued income | 490/1 | €1,046 | €8,650 | +€7,604 | +727% |
| Total equity and liabilities | 10/49 | €2,794,123 | €3,264,166 | +€470,043 | +16.8% |
| Equity | 10/15 | €2,258,691 | €2,300,286 | +€41,595 | +1.8% |
| Contributions | 10/11 | €332,200 | €332,200 | = | 0.0% |
| Reserves | 13 | €1,926,491 | €1,968,086 | +€41,595 | +2.2% |
| Distributable reserves | 133 | €1,926,491 | €1,968,086 | +€41,595 | +2.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €535,432 | €963,880 | +€428,449 | +80.0% |
| Amounts payable after more than one year | 17 | €250,000 | €507,062 | +€257,062 | +103% |
| Financial debts | 170/4 | €250,000 | €507,062 | +€257,062 | +103% |
| Amounts payable within one year | 42/48 | €224,038 | €440,018 | +€215,980 | +96.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €142,857 | +€142,857 | |
| Trade debts | 44 | €26,491 | €85,158 | +€58,667 | +221% |
| Suppliers | 440/4 | €26,491 | €85,158 | +€58,667 | +221% |
| Taxes, remuneration and social security | 45 | €34,266 | €63,977 | +€29,711 | +86.7% |
| Taxes | 450/3 | €11,894 | €41,845 | +€29,951 | +252% |
| Remuneration and social security | 454/9 | €22,372 | €22,133 | -€239 | -1.1% |
| Other amounts payable | 47/48 | €163,281 | €148,025 | -€15,255 | -9.3% |
| Accrued charges and deferred income | 492/3 | €61,393 | €16,800 | -€44,593 | -72.6% |
| Remuneration, social security and pensions | 62 | €266,103 | €269,512 | +€3,410 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,419 | €117,668 | -€6,750 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €6,859 | +€6,859 | |
| Other operating charges | 640/8 | €21,647 | €23,342 | +€1,695 | +7.8% |
| Gross operating margin | 9900 | €775,712 | €779,536 | +€3,824 | +0.5% |
| Operating profit (loss) | 9901 | €363,544 | €362,154 | -€1,390 | -0.4% |
| Financial charges | 65/66B | €28,761 | €27,621 | -€1,140 | -4.0% |
| Recurring financial charges | 65 | €28,761 | €27,621 | -€1,140 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €334,783 | €334,533 | -€250 | -0.1% |
| Income taxes | 67/77 | €102,682 | €92,939 | -€9,744 | -9.5% |
| Profit (loss) for the period | 9904 | €232,101 | €241,595 | +€9,494 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €232,101 | €241,595 | +€9,494 | +4.1% |
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 31 October 2026 via checked.be.