VINCENT VANASCH 21: 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.
VINCENT VANASCH 21
Largest movements
- Intangible fixed assets +€35,953
up €35,953 (+1,281%), from €2,806 to €38,758
- Tangible fixed assets -€32,889
down €32,889 (-71.3%), from €46,127 to €13,238
- Deferred charges and accrued income -€17,337
down €17,337 (-85.4%), from €20,298 to €2,961
- Cash +€14,470
up €14,470 (+9.6%), from €151,281 to €165,751
mainly Other debts (+€51,651) and Net result for the year (+€45,768)
- Current investments -€10,666
down €10,666 (-28.9%), from €36,881 to €26,214
- Other debts +€51,651
up €51,651 (+1,785%), from €2,893 to €54,544
- Tax, wage and social debts -€42,711
down €42,711 (-89.4%), from €47,775 to €5,064
- Trade debts -€18,784
down €18,784 (-51.9%), from €36,158 to €17,374
- Accrued charges and deferred income -€5,984
down €5,984 (-37.4%), from €15,984 to €10,000
- Gross operating margin -€87,723
down €87,723 (-57.2%), from €153,356 to €65,632
- Taxes -€26,506
down €26,506 (-65.1%), from €40,734 to €14,229
- Write-downs -€6,243
down €6,243, from €3,684 to -€2,559
- Depreciation +€3,496
up €3,496 (+53.9%), from €6,488 to €9,984
- Financial income +€1,603
up €1,603 (+179%), from €894 to €2,497
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 | €331,418 | €316,358 | -€15,060 | -4.5% |
| Fixed assets | 21/28 | €48,932 | €51,996 | +€3,064 | +6.3% |
| Intangible fixed assets | 21 | €2,806 | €38,758 | +€35,953 | +1,281% |
| Tangible fixed assets | 22/27 | €46,127 | €13,238 | -€32,889 | -71.3% |
| Furniture and vehicles | 24 | €16,609 | €13,238 | -€3,372 | -20.3% |
| Other tangible fixed assets | 26 | €13,692 | - | -€13,692 | |
| Assets under construction and advance payments | 27 | €15,825 | - | -€15,825 | |
| Current assets | 29/58 | €282,486 | €264,362 | -€18,124 | -6.4% |
| Stocks and contracts in progress | 3 | €2,946 | €2,481 | -€465 | -15.8% |
| Stocks | 30/36 | €2,946 | €2,481 | -€465 | -15.8% |
| Amounts receivable within one year | 40/41 | €71,081 | €66,956 | -€4,125 | -5.8% |
| Trade receivables | 40 | €71,081 | €50,956 | -€20,125 | -28.3% |
| Other amounts receivable | 41 | - | €16,000 | +€16,000 | |
| Current investments | 50/53 | €36,881 | €26,214 | -€10,666 | -28.9% |
| Cash at bank and in hand | 54/58 | €151,281 | €165,751 | +€14,470 | +9.6% |
| Deferred charges and accrued income | 490/1 | €20,298 | €2,961 | -€17,337 | -85.4% |
| Total equity and liabilities | 10/49 | €331,418 | €316,358 | -€15,060 | -4.5% |
| Equity | 10/15 | €228,608 | €229,376 | +€768 | +0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €225,608 | €226,376 | +€768 | +0.3% |
| Distributable reserves | 133 | €225,608 | €226,376 | +€768 | +0.3% |
| Amounts payable | 17/49 | €102,810 | €86,982 | -€15,828 | -15.4% |
| Amounts payable within one year | 42/48 | €86,826 | €76,982 | -€9,844 | -11.3% |
| Trade debts | 44 | €36,158 | €17,374 | -€18,784 | -51.9% |
| Suppliers | 440/4 | €36,158 | €17,374 | -€18,784 | -51.9% |
| Taxes, remuneration and social security | 45 | €47,775 | €5,064 | -€42,711 | -89.4% |
| Taxes | 450/3 | €47,775 | €5,064 | -€42,711 | -89.4% |
| Other amounts payable | 47/48 | €2,893 | €54,544 | +€51,651 | +1,785% |
| Accrued charges and deferred income | 492/3 | €15,984 | €10,000 | -€5,984 | -37.4% |
| Non-recurring operating income | 76A | - | €762 | +€762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,488 | €9,984 | +€3,496 | +53.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,684 | -€2,559 | -€6,243 | |
| Other operating charges | 640/8 | €1,925 | €576 | -€1,349 | -70.1% |
| Gross operating margin | 9900 | €153,356 | €65,632 | -€87,723 | -57.2% |
| Operating profit (loss) | 9901 | €141,258 | €57,631 | -€83,628 | -59.2% |
| Financial income | 75/76B | €894 | €2,497 | +€1,603 | +179% |
| Recurring financial income | 75 | €894 | €2,497 | +€1,603 | +179% |
| Financial charges | 65/66B | €221 | €131 | -€90 | -40.9% |
| Recurring financial charges | 65 | €221 | €131 | -€90 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €141,931 | €59,997 | -€81,934 | -57.7% |
| Income taxes | 67/77 | €40,734 | €14,229 | -€26,506 | -65.1% |
| Profit (loss) for the period | 9904 | €101,196 | €45,768 | -€55,428 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,196 | €45,768 | -€55,428 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.