THE VAIN COMPANY: what changed
THE VAIN COMPANY
Largest movements
- Stocks and contracts +€9,542
up €9,542 (+50.3%), from €18,953 to €28,495
- Cash -€3,488
down €3,488 (-60.0%), from €5,815 to €2,327
mainly Stocks and contracts (-€9,542) and Accrued charges and deferred income (-€5,089)
- Tangible fixed assets -€1,119
down €1,119 (-31.4%), from €3,562 to €2,443
- Receivables within one year -€883
no longer reported in 2025 (was €883)
- Debts after one year +€8,680
up €8,680 (+48.5%), from €17,880 to €26,560
of which Other amounts payable: +€26,560
- Accrued charges and deferred income -€5,089
no longer reported in 2025 (was €5,089)
- Other debts +€483
up €483 (+6.7%), from €7,216 to €7,699
- Gross operating margin +€9,629
up €9,629, from -€6,975 to €2,654
- Depreciation +€371
up €371 (+49.6%), from €748 to €1,119
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 | €29,213 | €33,265 | +€4,052 | +13.9% |
| Fixed assets | 21/28 | €3,562 | €2,443 | -€1,119 | -31.4% |
| Tangible fixed assets | 22/27 | €3,562 | €2,443 | -€1,119 | -31.4% |
| Plant, machinery and equipment | 23 | €3,562 | €2,443 | -€1,119 | -31.4% |
| Current assets | 29/58 | €25,651 | €30,822 | +€5,171 | +20.2% |
| Stocks and contracts in progress | 3 | €18,953 | €28,495 | +€9,542 | +50.3% |
| Stocks | 30/36 | €18,953 | €28,495 | +€9,542 | +50.3% |
| Amounts receivable within one year | 40/41 | €883 | - | -€883 | |
| Other amounts receivable | 41 | €883 | - | -€883 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,815 | €2,327 | -€3,488 | -60.0% |
| Total equity and liabilities | 10/49 | €29,213 | €33,265 | +€4,052 | +13.9% |
| Equity | 10/15 | -€4,180 | -€4,073 | +€107 | +2.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,180 | -€9,073 | +€107 | +1.2% |
| Amounts payable | 17/49 | €33,393 | €37,338 | +€3,945 | +11.8% |
| Amounts payable after more than one year | 17 | €17,880 | €26,560 | +€8,680 | +48.5% |
| Financial debts | 170/4 | €17,880 | - | -€17,880 | |
| Other amounts payable | 178/9 | - | €26,560 | +€26,560 | |
| Amounts payable within one year | 42/48 | €10,424 | €10,778 | +€354 | +3.4% |
| Taxes, remuneration and social security | 45 | €3,208 | €3,079 | -€129 | -4.0% |
| Taxes | 450/3 | €3,208 | €3,079 | -€129 | -4.0% |
| Other amounts payable | 47/48 | €7,216 | €7,699 | +€483 | +6.7% |
| Accrued charges and deferred income | 492/3 | €5,089 | - | -€5,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €748 | €1,119 | +€371 | +49.6% |
| Other operating charges | 640/8 | €552 | €592 | +€40 | +7.2% |
| Gross operating margin | 9900 | -€6,975 | €2,654 | +€9,629 | |
| Operating profit (loss) | 9901 | -€8,275 | €943 | +€9,218 | |
| Financial charges | 65/66B | €905 | €837 | -€68 | -7.5% |
| Recurring financial charges | 65 | €905 | €837 | -€68 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,180 | €106 | +€9,286 | |
| Profit (loss) for the period | 9904 | -€9,180 | €106 | +€9,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,180 | €106 | +€9,286 |
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 3 November 2026 via checked.be.