VANA GROUP: 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.
VANA GROUP
Largest movements
- Stocks and contracts -€61,888
down €61,888 (-27.6%), from €224,547 to €162,659
- Intangible fixed assets +€18,307
up €18,307 (+6.1%), from €298,671 to €316,978
- Receivables within one year -€13,696
down €13,696 (-65.7%), from €20,851 to €7,155
of which Trade receivables: -€15,045
- Profit (loss) carried forward -€92,050
down €92,050 (-29.8%), from -€308,633 to -€400,683
- Debts after one year +€30,291
up €30,291 (+12.1%), from €250,000 to €280,291
- Current portion of long-term debt -€25,968
down €25,968 (-100.0%), from €25,968 to €0
- Trade debts +€24,919
up €24,919 (+38.4%), from €64,962 to €89,880
- Accrued charges and deferred income +€8,331
up €8,331 (+633.6%), from €1,315 to €9,646
- Gross operating margin -€82,681
down €82,681, from €59,672 to -€23,008
- Depreciation +€8,173
up €8,173 (+26.8%), from €30,493 to €38,665
- Other operating charges +€6,005
up €6,005 (+467.1%), from €1,286 to €7,290
- Financial charges +€3,705
up €3,705 (+17.6%), from €21,078 to €24,783
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 | €672,722 | €614,029 | -€58,694 | -8.7% |
| Fixed assets | 21/28 | €298,671 | €316,978 | +€18,307 | +6.1% |
| Intangible fixed assets | 21 | €298,671 | €316,978 | +€18,307 | +6.1% |
| Current assets | 29/58 | €374,052 | €297,051 | -€77,000 | -20.6% |
| Stocks and contracts in progress | 3 | €224,547 | €162,659 | -€61,888 | -27.6% |
| Stocks | 30/36 | €224,547 | €162,659 | -€61,888 | -27.6% |
| Amounts receivable within one year | 40/41 | €20,851 | €7,155 | -€13,696 | -65.7% |
| Trade receivables | 40 | €17,148 | €2,103 | -€15,045 | -87.7% |
| Other amounts receivable | 41 | €3,704 | €5,053 | +€1,349 | +36.4% |
| Cash at bank and in hand | 54/58 | €123,991 | €125,855 | +€1,864 | +1.5% |
| Deferred charges and accrued income | 490/1 | €4,662 | €1,382 | -€3,280 | -70.4% |
| Total equity and liabilities | 10/49 | €672,722 | €614,029 | -€58,694 | -8.7% |
| Equity | 10/15 | €221,367 | €129,317 | -€92,050 | -41.6% |
| Contributions | 10/11 | €530,000 | €530,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,633 | -€400,683 | -€92,050 | -29.8% |
| Amounts payable | 17/49 | €451,355 | €484,712 | +€33,357 | +7.4% |
| Amounts payable after more than one year | 17 | €250,000 | €280,291 | +€30,291 | +12.1% |
| Financial debts | 170/4 | €250,000 | €280,291 | +€30,291 | +12.1% |
| Amounts payable within one year | 42/48 | €200,041 | €194,775 | -€5,266 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €25,968 | €0 | -€25,968 | -100.0% |
| Financial debts | 43 | €97,000 | €97,000 | = | 0.0% |
| Credit institutions | 430/8 | €97,000 | €97,000 | = | 0.0% |
| Trade debts | 44 | €64,962 | €89,880 | +€24,919 | +38.4% |
| Suppliers | 440/4 | €64,962 | €89,880 | +€24,919 | +38.4% |
| Taxes, remuneration and social security | 45 | €5,851 | €7,895 | +€2,044 | +34.9% |
| Taxes | 450/3 | €5,851 | €7,895 | +€2,044 | +34.9% |
| Other amounts payable | 47/48 | €6,260 | €0 | -€6,260 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,315 | €9,646 | +€8,331 | +633.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,493 | €38,665 | +€8,173 | +26.8% |
| Other operating charges | 640/8 | €1,286 | €7,290 | +€6,005 | +467.1% |
| Gross operating margin | 9900 | €59,672 | -€23,008 | -€82,681 | |
| Operating profit (loss) | 9901 | €27,894 | -€68,964 | -€96,858 | |
| Financial income | 75/76B | €2,016 | €1,697 | -€319 | -15.8% |
| Recurring financial income | 75 | €2,016 | €1,697 | -€319 | -15.8% |
| Financial charges | 65/66B | €21,078 | €24,783 | +€3,705 | +17.6% |
| Recurring financial charges | 65 | €21,078 | €24,783 | +€3,705 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €8,832 | -€92,050 | -€100,883 | |
| Profit (loss) for the period | 9904 | €8,832 | -€92,050 | -€100,883 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,832 | -€92,050 | -€100,883 |
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 9 October 2026 via checked.be.