VANAC COLORS: 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.
VANAC COLORS
Largest movements
- Cash +€100,396
up €100,396 (+63.1%), from €159,113 to €259,509
mainly Net result for the year (+€43,627) and Stocks and contracts (+€32,852)
- Stocks and contracts -€32,852
down €32,852 (-12.9%), from €254,812 to €221,961
- Receivables within one year -€13,936
down €13,936 (-17.5%), from €79,616 to €65,680
of which Trade receivables: -€13,936
- Tangible fixed assets -€6,042
down €6,042 (-24.1%), from €25,101 to €19,059
of which Land and buildings: -€5,111
- Profit (loss) carried forward +€43,627
up €43,627 (+13.5%), from -€323,962 to -€280,335
- Trade debts +€17,151
new in 2025: €17,151
- Tax, wage and social debts -€13,211
down €13,211 (-25.9%), from €50,984 to €37,773
of which Remuneration and social security: -€18,994
- Gross operating margin -€32,969
down €32,969 (-15.3%), from €215,394 to €182,426
- Staff costs -€30,127
down €30,127 (-18.6%), from €161,731 to €131,604
- Depreciation -€5,316
down €5,316 (-46.8%), from €11,358 to €6,042
- Financial charges +€2,513
up €2,513, from -€1,668 to €845
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 | €520,860 | €568,427 | +€47,567 | +9.1% |
| Fixed assets | 21/28 | €26,101 | €20,059 | -€6,042 | -23.1% |
| Tangible fixed assets | 22/27 | €25,101 | €19,059 | -€6,042 | -24.1% |
| Land and buildings | 22 | €23,986 | €18,875 | -€5,111 | -21.3% |
| Plant, machinery and equipment | 23 | €1,115 | €184 | -€931 | -83.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €494,759 | €548,367 | +€53,609 | +10.8% |
| Stocks and contracts in progress | 3 | €254,812 | €221,961 | -€32,852 | -12.9% |
| Stocks | 30/36 | €254,812 | €221,961 | -€32,852 | -12.9% |
| Amounts receivable within one year | 40/41 | €79,616 | €65,680 | -€13,936 | -17.5% |
| Trade receivables | 40 | €54,616 | €40,680 | -€13,936 | -25.5% |
| Other amounts receivable | 41 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €159,113 | €259,509 | +€100,396 | +63.1% |
| Deferred charges and accrued income | 490/1 | €1,217 | €1,217 | = | 0.0% |
| Total equity and liabilities | 10/49 | €520,860 | €568,427 | +€47,567 | +9.1% |
| Equity | 10/15 | €454,876 | €498,503 | +€43,627 | +9.6% |
| Contributions | 10/11 | €589,205 | €589,205 | = | 0.0% |
| Reserves | 13 | €189,632 | €189,632 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,283 | €19,283 | = | 0.0% |
| Distributable reserves | 133 | €170,349 | €170,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,962 | -€280,335 | +€43,627 | +13.5% |
| Amounts payable | 17/49 | €65,984 | €69,924 | +€3,940 | +6.0% |
| Amounts payable within one year | 42/48 | €65,984 | €69,924 | +€3,940 | +6.0% |
| Trade debts | 44 | - | €17,151 | +€17,151 | |
| Suppliers | 440/4 | - | €17,151 | +€17,151 | |
| Taxes, remuneration and social security | 45 | €50,984 | €37,773 | -€13,211 | -25.9% |
| Taxes | 450/3 | €19,825 | €25,608 | +€5,783 | +29.2% |
| Remuneration and social security | 454/9 | €31,159 | €12,165 | -€18,994 | -61.0% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €161,731 | €131,604 | -€30,127 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,358 | €6,042 | -€5,316 | -46.8% |
| Other operating charges | 640/8 | €1,531 | €1,865 | +€335 | +21.9% |
| Gross operating margin | 9900 | €215,394 | €182,426 | -€32,969 | -15.3% |
| Operating profit (loss) | 9901 | €40,775 | €42,914 | +€2,140 | +5.2% |
| Financial income | 75/76B | €2,285 | €1,558 | -€727 | -31.8% |
| Recurring financial income | 75 | €2,285 | €1,558 | -€727 | -31.8% |
| Financial charges | 65/66B | -€1,668 | €845 | +€2,513 | |
| Recurring financial charges | 65 | -€1,668 | €845 | +€2,513 | |
| Profit (loss) for the period before taxes | 9903 | €44,727 | €43,627 | -€1,100 | -2.5% |
| Profit (loss) for the period | 9904 | €44,727 | €43,627 | -€1,100 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,727 | €43,627 | -€1,100 | -2.5% |
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 8 October 2026 via checked.be.