VISHANDEL VANPRAET: what changed
VISHANDEL VANPRAET
Largest movements
- Cash +€63,568
up €63,568 (+109%), from €58,153 to €121,720
mainly Net result for the year (+€51,214) and Depreciation (+€31,119)
- Tangible fixed assets -€13,861
down €13,861 (-10.0%), from €138,308 to €124,448
of which Land and buildings: -€13,174
- Receivables within one year -€8,008
down €8,008 (-56.1%), from €14,283 to €6,274
of which Trade receivables: -€6,683
- Reserves +€51,214
up €51,214 (+31.4%), from €163,099 to €214,313
- Other debts -€13,080
down €13,080 (-14.2%), from €92,069 to €78,989
- Tax, wage and social debts +€6,536
up €6,536 (+54.1%), from €12,074 to €18,610
of which Taxes: +€7,258
- Debts after one year -€5,183
down €5,183 (-16.8%), from €30,934 to €25,751
- Gross operating margin +€14,310
up €14,310 (+9.0%), from €158,657 to €172,967
- Taxes +€7,133
up €7,133 (+34.6%), from €20,624 to €27,757
- Staff costs +€4,477
up €4,477 (+10.9%), from €40,952 to €45,429
- Financial charges +€4,254
up €4,254 (+36.8%), from €11,557 to €15,811
- Financial income -€2,672
down €2,672 (-99.4%), from €2,688 to €16
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,734 | €393,046 | +€42,312 | +12.1% |
| Fixed assets | 21/28 | €138,592 | €124,583 | -€14,009 | -10.1% |
| Intangible fixed assets | 21 | €149 | - | -€149 | |
| Tangible fixed assets | 22/27 | €138,308 | €124,448 | -€13,861 | -10.0% |
| Land and buildings | 22 | €122,864 | €109,690 | -€13,174 | -10.7% |
| Plant, machinery and equipment | 23 | €8,438 | €12,976 | +€4,538 | +53.8% |
| Furniture and vehicles | 24 | €7,007 | €1,782 | -€5,225 | -74.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €212,142 | €268,463 | +€56,321 | +26.5% |
| Stocks and contracts in progress | 3 | €6,717 | €6,371 | -€346 | -5.2% |
| Stocks | 30/36 | €6,717 | €6,371 | -€346 | -5.2% |
| Amounts receivable within one year | 40/41 | €14,283 | €6,274 | -€8,008 | -56.1% |
| Trade receivables | 40 | €10,537 | €3,854 | -€6,683 | -63.4% |
| Other amounts receivable | 41 | €3,745 | €2,420 | -€1,325 | -35.4% |
| Current investments | 50/53 | €127,500 | €127,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,153 | €121,720 | +€63,568 | +109% |
| Deferred charges and accrued income | 490/1 | €5,489 | €6,597 | +€1,108 | +20.2% |
| Total equity and liabilities | 10/49 | €350,734 | €393,046 | +€42,312 | +12.1% |
| Equity | 10/15 | €181,699 | €232,913 | +€51,214 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,099 | €214,313 | +€51,214 | +31.4% |
| Distributable reserves | 133 | €163,099 | €214,313 | +€51,214 | +31.4% |
| Amounts payable | 17/49 | €169,034 | €160,132 | -€8,902 | -5.3% |
| Amounts payable after more than one year | 17 | €30,934 | €25,751 | -€5,183 | -16.8% |
| Financial debts | 170/4 | €30,934 | €25,751 | -€5,183 | -16.8% |
| Amounts payable within one year | 42/48 | €137,294 | €133,575 | -€3,719 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €5,179 | €5,183 | +€4 | +0.1% |
| Trade debts | 44 | €27,972 | €28,698 | +€726 | +2.6% |
| Suppliers | 440/4 | €27,972 | €28,698 | +€726 | +2.6% |
| Advances received on contracts in progress | 46 | - | €2,095 | +€2,095 | |
| Taxes, remuneration and social security | 45 | €12,074 | €18,610 | +€6,536 | +54.1% |
| Taxes | 450/3 | €3,585 | €10,843 | +€7,258 | +202% |
| Remuneration and social security | 454/9 | €8,489 | €7,767 | -€722 | -8.5% |
| Other amounts payable | 47/48 | €92,069 | €78,989 | -€13,080 | -14.2% |
| Accrued charges and deferred income | 492/3 | €806 | €806 | = | 0.0% |
| Non-recurring operating income | 76A | - | €167 | +€167 | |
| Remuneration, social security and pensions | 62 | €40,952 | €45,429 | +€4,477 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,908 | €31,119 | +€212 | +0.7% |
| Other operating charges | 640/8 | €1,538 | €1,651 | +€114 | +7.4% |
| Gross operating margin | 9900 | €158,657 | €172,967 | +€14,310 | +9.0% |
| Operating profit (loss) | 9901 | €85,260 | €94,767 | +€9,507 | +11.2% |
| Financial income | 75/76B | €2,688 | €16 | -€2,672 | -99.4% |
| Recurring financial income | 75 | €2,688 | €16 | -€2,672 | -99.4% |
| Financial charges | 65/66B | €11,557 | €15,811 | +€4,254 | +36.8% |
| Recurring financial charges | 65 | €11,557 | €15,811 | +€4,254 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €76,390 | €78,971 | +€2,581 | +3.4% |
| Income taxes | 67/77 | €20,624 | €27,757 | +€7,133 | +34.6% |
| Profit (loss) for the period | 9904 | €55,766 | €51,214 | -€4,552 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,766 | €51,214 | -€4,552 | -8.2% |
Next steps
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.