V.A.N.E.T.: 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.
V.A.N.E.T.
Largest movements
- Receivables within one year +€15,459
up €15,459 (+30.4%), from €50,905 to €66,364
of which Other amounts receivable: +€9,796
- Cash -€6,745
down €6,745 (-31.1%), from €21,677 to €14,932
mainly Receivables within one year (-€15,459) and Investment in fixed assets (net) (-€10,305)
- Tangible fixed assets +€5,379
up €5,379 (+113%), from €4,773 to €10,152
- Other debts +€9,750
up €9,750 (+100%), from €9,750 to €19,500
- Trade debts +€3,493
up €3,493 (+33.2%), from €10,515 to €14,008
- Tax, wage and social debts +€2,063
up €2,063 (+22.2%), from €9,290 to €11,354
of which Taxes: +€1,394
- Profit (loss) carried forward -€1,001
down €1,001 (-3.7%), from €27,227 to €26,226
- Turnover -€140,553
no longer reported in 2025 (was €140,553)
- Purchases and services -€106,517
no longer reported in 2025 (was €106,517)
- Staff costs -€4,207
down €4,207 (-19.7%), from €21,331 to €17,125
- Gross operating margin -€3,322
down €3,322 (-9.3%), from €35,681 to €32,359
- Financial charges +€1,521
up €1,521 (+56.5%), from €2,694 to €4,215
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 | €83,381 | €97,687 | +€14,306 | +17.2% |
| Fixed assets | 21/28 | €6,908 | €12,287 | +€5,379 | +77.9% |
| Tangible fixed assets | 22/27 | €4,773 | €10,152 | +€5,379 | +113% |
| Furniture and vehicles | 24 | €4,773 | €10,152 | +€5,379 | +113% |
| Financial fixed assets | 28 | €2,135 | €2,135 | = | 0.0% |
| Current assets | 29/58 | €76,473 | €85,401 | +€8,927 | +11.7% |
| Amounts receivable within one year | 40/41 | €50,905 | €66,364 | +€15,459 | +30.4% |
| Trade receivables | 40 | €48,180 | €53,843 | +€5,663 | +11.8% |
| Other amounts receivable | 41 | €2,725 | €12,520 | +€9,796 | +360% |
| Current investments | 50/53 | €1,400 | €1,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,677 | €14,932 | -€6,745 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,491 | €2,705 | +€213 | +8.6% |
| Total equity and liabilities | 10/49 | €83,381 | €97,687 | +€14,306 | +17.2% |
| Equity | 10/15 | €46,999 | €45,998 | -€1,001 | -2.1% |
| Contributions | 10/11 | €19,772 | €19,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,227 | €26,226 | -€1,001 | -3.7% |
| Amounts payable | 17/49 | €36,382 | €51,689 | +€15,307 | +42.1% |
| Amounts payable after more than one year | 17 | €6,827 | €6,827 | = | 0.0% |
| Other amounts payable | 178/9 | €6,827 | €6,827 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,555 | €44,862 | +€15,307 | +51.8% |
| Trade debts | 44 | €10,515 | €14,008 | +€3,493 | +33.2% |
| Suppliers | 440/4 | €10,515 | €14,008 | +€3,493 | +33.2% |
| Taxes, remuneration and social security | 45 | €9,290 | €11,354 | +€2,063 | +22.2% |
| Taxes | 450/3 | €2,681 | €4,076 | +€1,394 | +52.0% |
| Remuneration and social security | 454/9 | €6,609 | €7,278 | +€669 | +10.1% |
| Other amounts payable | 47/48 | €9,750 | €19,500 | +€9,750 | +100% |
| Turnover | 70 | €140,553 | - | -€140,553 | |
| Non-recurring operating income | 76A | €1,645 | - | -€1,645 | |
| Goods, raw materials, services and sundry goods | 60/61 | €106,517 | - | -€106,517 | |
| Remuneration, social security and pensions | 62 | €21,331 | €17,125 | -€4,207 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,374 | €4,926 | -€1,448 | -22.7% |
| Other operating charges | 640/8 | €5,336 | €5,470 | +€134 | +2.5% |
| Gross operating margin | 9900 | €35,681 | €32,359 | -€3,322 | -9.3% |
| Operating profit (loss) | 9901 | €2,641 | €4,839 | +€2,198 | +83.2% |
| Financial income | 75/76B | €705 | - | -€705 | |
| Recurring financial income | 75 | €705 | - | -€705 | |
| Financial charges | 65/66B | €2,694 | €4,215 | +€1,521 | +56.5% |
| Recurring financial charges | 65 | €2,694 | €4,215 | +€1,521 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €652 | €624 | -€28 | -4.4% |
| Income taxes | 67/77 | €1,577 | €1,624 | +€47 | +3.0% |
| Profit (loss) for the period | 9904 | -€925 | -€1,001 | -€76 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€925 | -€1,001 | -€76 | -8.2% |
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 13 October 2026 via checked.be.