&VANA1: 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.
&VANA1
Largest movements
- Tangible fixed assets -€32,537
down €32,537 (-3.5%), from €931,795 to €899,258
of which Land and buildings: -€36,885
- Receivables within one year -€24,586
down €24,586 (-81.5%), from €30,165 to €5,579
of which Trade receivables: -€24,000
- Profit (loss) carried forward -€55,869
down €55,869 (-13.6%), from -€411,942 to -€467,811
- Other debts +€25,288
up €25,288 (+1.9%), from €1.3m to €1.4m
- Trade debts -€20,052
down €20,052 (-99.4%), from €20,181 to €129
- Gross operating margin +€11,178
up €11,178 (+47.7%), from -€23,420 to -€12,242
- Other operating charges +€951
up €951 (+18.8%), from €5,052 to €6,003
- Taxes +€249
up €249 (+81.4%), from €306 to €555
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 | €964,534 | €917,073 | -€47,461 | -4.9% |
| Fixed assets | 21/28 | €931,795 | €899,258 | -€32,537 | -3.5% |
| Tangible fixed assets | 22/27 | €931,795 | €899,258 | -€32,537 | -3.5% |
| Land and buildings | 22 | €911,641 | €874,756 | -€36,885 | -4.0% |
| Other tangible fixed assets | 26 | €20,154 | €24,502 | +€4,348 | +21.6% |
| Current assets | 29/58 | €32,739 | €17,815 | -€14,924 | -45.6% |
| Amounts receivable within one year | 40/41 | €30,165 | €5,579 | -€24,586 | -81.5% |
| Trade receivables | 40 | €27,000 | €3,000 | -€24,000 | -88.9% |
| Other amounts receivable | 41 | €3,165 | €2,579 | -€586 | -18.5% |
| Cash at bank and in hand | 54/58 | €1,401 | €7,608 | +€6,207 | +443.0% |
| Deferred charges and accrued income | 490/1 | €1,173 | €4,628 | +€3,455 | +294.5% |
| Total equity and liabilities | 10/49 | €964,534 | €917,073 | -€47,461 | -4.9% |
| Equity | 10/15 | -€391,491 | -€447,360 | -€55,869 | -14.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€411,942 | -€467,811 | -€55,869 | -13.6% |
| Amounts payable | 17/49 | €1,356,025 | €1,364,433 | +€8,408 | +0.6% |
| Amounts payable within one year | 42/48 | €1,355,025 | €1,360,573 | +€5,548 | +0.4% |
| Trade debts | 44 | €20,181 | €129 | -€20,052 | -99.4% |
| Suppliers | 440/4 | €20,181 | €129 | -€20,052 | -99.4% |
| Taxes, remuneration and social security | 45 | €588 | €900 | +€312 | +53.1% |
| Taxes | 450/3 | €588 | €900 | +€312 | +53.1% |
| Other amounts payable | 47/48 | €1,334,256 | €1,359,544 | +€25,288 | +1.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | €3,860 | +€2,860 | +286.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,885 | €36,885 | = | 0.0% |
| Other operating charges | 640/8 | €5,052 | €6,003 | +€951 | +18.8% |
| Gross operating margin | 9900 | -€23,420 | -€12,242 | +€11,178 | +47.7% |
| Operating profit (loss) | 9901 | -€65,357 | -€55,130 | +€10,227 | +15.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €180 | €184 | +€4 | +2.2% |
| Recurring financial charges | 65 | €180 | €184 | +€4 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€65,533 | -€55,314 | +€10,219 | +15.6% |
| Income taxes | 67/77 | €306 | €555 | +€249 | +81.4% |
| Profit (loss) for the period | 9904 | -€65,839 | -€55,869 | +€9,970 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,839 | -€55,869 | +€9,970 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.