VAN-INO: 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.
VAN-INO
Largest movements
- Cash +€32,456
up €32,456 (+247%), from €13,151 to €45,607
mainly Receivables within one year (+€14,989) and Tax, wage and social debts (+€9,777)
- Receivables within one year -€14,989
down €14,989 (-12.4%), from €120,828 to €105,839
of which Trade receivables: -€40,494
- Stocks and contracts +€8,588
up €8,588 (+4.4%), from €197,168 to €205,756
- Tangible fixed assets -€3,810
down €3,810 (-44.1%), from €8,640 to €4,830
- Tax, wage and social debts +€9,777
up €9,777 (+40.0%), from €24,428 to €34,205
of which Taxes: +€6,878
- Other debts +€9,090
up €9,090 (+4,765%), from €191 to €9,281
- Profit (loss) carried forward +€8,439
up €8,439 (+25.1%), from €33,576 to €42,014
- Staff costs -€21,387
down €21,387 (-31.7%), from €67,474 to €46,087
- Gross operating margin -€21,117
down €21,117 (-20.1%), from €104,810 to €83,693
- Other operating charges +€11,010
up €11,010 (+229%), from €4,810 to €15,820
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,912 | €362,156 | +€22,244 | +6.5% |
| Fixed assets | 21/28 | €8,765 | €4,955 | -€3,810 | -43.5% |
| Tangible fixed assets | 22/27 | €8,640 | €4,830 | -€3,810 | -44.1% |
| Plant, machinery and equipment | 23 | €8,640 | €4,830 | -€3,810 | -44.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €331,147 | €357,201 | +€26,054 | +7.9% |
| Stocks and contracts in progress | 3 | €197,168 | €205,756 | +€8,588 | +4.4% |
| Stocks | 30/36 | €197,168 | €205,756 | +€8,588 | +4.4% |
| Amounts receivable within one year | 40/41 | €120,828 | €105,839 | -€14,989 | -12.4% |
| Trade receivables | 40 | €78,552 | €38,058 | -€40,494 | -51.6% |
| Other amounts receivable | 41 | €42,275 | €67,780 | +€25,505 | +60.3% |
| Cash at bank and in hand | 54/58 | €13,151 | €45,607 | +€32,456 | +247% |
| Total equity and liabilities | 10/49 | €339,912 | €362,156 | +€22,244 | +6.5% |
| Equity | 10/15 | €53,112 | €61,551 | +€8,439 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €936 | €936 | = | 0.0% |
| Non-distributable reserves | 130/1 | €936 | €936 | = | 0.0% |
| Reserves not available under the articles | 1311 | €936 | €936 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,576 | €42,014 | +€8,439 | +25.1% |
| Amounts payable | 17/49 | €286,800 | €300,605 | +€13,805 | +4.8% |
| Amounts payable within one year | 42/48 | €284,720 | €300,605 | +€15,885 | +5.6% |
| Trade debts | 44 | €260,102 | €257,120 | -€2,982 | -1.1% |
| Suppliers | 440/4 | €260,102 | €257,120 | -€2,982 | -1.1% |
| Taxes, remuneration and social security | 45 | €24,428 | €34,205 | +€9,777 | +40.0% |
| Taxes | 450/3 | €18,695 | €25,574 | +€6,878 | +36.8% |
| Remuneration and social security | 454/9 | €5,733 | €8,631 | +€2,899 | +50.6% |
| Other amounts payable | 47/48 | €191 | €9,281 | +€9,090 | +4,765% |
| Accrued charges and deferred income | 492/3 | €2,080 | - | -€2,080 | |
| Remuneration, social security and pensions | 62 | €67,474 | €46,087 | -€21,387 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,810 | €3,810 | = | 0.0% |
| Other operating charges | 640/8 | €4,810 | €15,820 | +€11,010 | +229% |
| Gross operating margin | 9900 | €104,810 | €83,693 | -€21,117 | -20.1% |
| Operating profit (loss) | 9901 | €28,716 | €17,976 | -€10,740 | -37.4% |
| Financial income | 75/76B | €5 | €6 | +€0 | +7.7% |
| Recurring financial income | 75 | €5 | €6 | +€0 | +7.7% |
| Financial charges | 65/66B | €233 | €366 | +€133 | +56.9% |
| Recurring financial charges | 65 | €233 | €366 | +€133 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €28,488 | €17,616 | -€10,872 | -38.2% |
| Income taxes | 67/77 | €9,115 | €9,177 | +€62 | +0.7% |
| Profit (loss) for the period | 9904 | €19,373 | €8,439 | -€10,934 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,373 | €8,439 | -€10,934 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.