V-VANS: what changed
Two fiscal 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-VANS
Largest movements
- Tangible fixed assets +€11,083
up €11,083 (+51.2%), from €21,632 to €32,715
of which Furniture and vehicles: +€15,719
- Receivables within one year +€10,861
up €10,861 (+7.1%), from €153,851 to €164,713
of which Other amounts receivable: +€31,769
- Cash +€9,134
up €9,134 (+5.4%), from €168,198 to €177,332
mainly Trade debts (+€72,480) and Net result for the year (+€59,146)
- Stocks and contracts +€4,250
up €4,250 (+17.0%), from €25,000 to €29,250
- Trade debts +€72,480
up €72,480 (+9431.1%), from €769 to €73,248
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€9,146
up €9,146 (+3.1%), from €291,693 to €300,840
- Gross operating margin -€49,524
down €49,524 (-32.0%), from €154,598 to €105,074
- Depreciation +€9,513
up €9,513 (+216.0%), from €4,403 to €13,917
- Taxes +€3,791
up €3,791 (+14.4%), from €26,333 to €30,124
- Financial charges -€1,683
down €1,683 (-65.6%), from €2,567 to €883
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.
Cash bridge derived
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 | €368,681 | €404,010 | +€35,329 | +9.6% |
| Fixed assets | 21/28 | €21,632 | €32,715 | +€11,083 | +51.2% |
| Tangible fixed assets | 22/27 | €21,632 | €32,715 | +€11,083 | +51.2% |
| Plant, machinery and equipment | 23 | €20,072 | €15,437 | -€4,635 | -23.1% |
| Furniture and vehicles | 24 | €1,559 | €17,278 | +€15,719 | +1008.0% |
| Current assets | 29/58 | €347,049 | €371,295 | +€24,246 | +7.0% |
| Stocks and contracts in progress | 3 | €25,000 | €29,250 | +€4,250 | +17.0% |
| Stocks | 30/36 | €25,000 | €29,250 | +€4,250 | +17.0% |
| Amounts receivable within one year | 40/41 | €153,851 | €164,713 | +€10,861 | +7.1% |
| Trade receivables | 40 | €65,908 | €45,000 | -€20,908 | -31.7% |
| Other amounts receivable | 41 | €87,943 | €119,713 | +€31,769 | +36.1% |
| Cash at bank and in hand | 54/58 | €168,198 | €177,332 | +€9,134 | +5.4% |
| Total equity and liabilities | 10/49 | €368,681 | €404,010 | +€35,329 | +9.6% |
| Equity | 10/15 | €311,693 | €320,840 | +€9,146 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €291,693 | €300,840 | +€9,146 | +3.1% |
| Distributable reserves | 133 | €291,693 | €300,840 | +€9,146 | +3.1% |
| Amounts payable | 17/49 | €56,988 | €83,170 | +€26,183 | +45.9% |
| Amounts payable within one year | 42/48 | €56,988 | €83,170 | +€26,183 | +45.9% |
| Trade debts | 44 | €769 | €73,248 | +€72,480 | +9431.1% |
| Suppliers | 440/4 | €769 | €73,248 | +€72,480 | +9431.1% |
| Taxes, remuneration and social security | 45 | €6,219 | €9,922 | +€3,703 | +59.5% |
| Taxes | 450/3 | €6,219 | €9,922 | +€3,703 | +59.5% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Non-recurring operating income | 76A | €520 | €1,866 | +€1,346 | +258.8% |
| Remuneration, social security and pensions | 62 | €463 | - | -€463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,403 | €13,917 | +€9,513 | +216.0% |
| Other operating charges | 640/8 | €2,549 | €1,684 | -€866 | -34.0% |
| Gross operating margin | 9900 | €154,598 | €105,074 | -€49,524 | -32.0% |
| Operating profit (loss) | 9901 | €147,183 | €89,474 | -€57,709 | -39.2% |
| Financial income | 75/76B | €380 | €680 | +€300 | +78.9% |
| Recurring financial income | 75 | €380 | €680 | +€300 | +78.9% |
| Financial charges | 65/66B | €2,567 | €883 | -€1,683 | -65.6% |
| Recurring financial charges | 65 | €2,567 | €883 | -€1,683 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €144,996 | €89,270 | -€55,726 | -38.4% |
| Income taxes | 67/77 | €26,333 | €30,124 | +€3,791 | +14.4% |
| Profit (loss) for the period | 9904 | €118,663 | €59,146 | -€59,517 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €118,663 | €59,146 | -€59,517 | -50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.