VANACI: 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.
VANACI
Largest movements
- Cash +€102,054
up €102,054 (+189.6%), from €53,825 to €155,879
mainly Net result for the year (+€82,510) and Depreciation (+€23,817)
- Tangible fixed assets -€14,877
down €14,877 (-39.4%), from €37,741 to €22,863
of which Furniture and vehicles: -€16,869
- Receivables within one year +€3,493
up €3,493 (+22.8%), from €15,339 to €18,832
of which Trade receivables: +€3,630
- Profit (loss) carried forward +€81,651
up €81,651 (+95.3%), from €85,678 to €167,329
- Tax, wage and social debts +€19,271
up €19,271 (+230.6%), from €8,358 to €27,629
- Short-term financial debts -€9,047
no longer reported in 2025 (was €9,047)
- Gross operating margin +€32,744
up €32,744 (+33.5%), from €97,786 to €130,531
- Taxes +€8,193
up €8,193 (+52.7%), from €15,538 to €23,732
- Financial charges -€2,245
down €2,245 (-91.4%), from €2,456 to €212
- Depreciation +€1,673
up €1,673 (+7.6%), from €22,144 to €23,817
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 | €109,108 | €201,165 | +€92,057 | +84.4% |
| Fixed assets | 21/28 | €37,741 | €22,863 | -€14,877 | -39.4% |
| Tangible fixed assets | 22/27 | €37,741 | €22,863 | -€14,877 | -39.4% |
| Furniture and vehicles | 24 | €34,500 | €17,631 | -€16,869 | -48.9% |
| Other tangible fixed assets | 26 | €3,241 | €5,232 | +€1,992 | +61.5% |
| Current assets | 29/58 | €71,368 | €178,302 | +€106,934 | +149.8% |
| Amounts receivable within one year | 40/41 | €15,339 | €18,832 | +€3,493 | +22.8% |
| Trade receivables | 40 | €14,516 | €18,146 | +€3,630 | +25.0% |
| Other amounts receivable | 41 | €823 | €686 | -€137 | -16.6% |
| Cash at bank and in hand | 54/58 | €53,825 | €155,879 | +€102,054 | +189.6% |
| Deferred charges and accrued income | 490/1 | €2,204 | €3,590 | +€1,386 | +62.9% |
| Total equity and liabilities | 10/49 | €109,108 | €201,165 | +€92,057 | +84.4% |
| Equity | 10/15 | €88,678 | €170,329 | +€81,651 | +92.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,678 | €167,329 | +€81,651 | +95.3% |
| Amounts payable | 17/49 | €20,430 | €30,836 | +€10,406 | +50.9% |
| Amounts payable within one year | 42/48 | €20,430 | €30,836 | +€10,406 | +50.9% |
| Financial debts | 43 | €9,047 | - | -€9,047 | |
| Other loans | 439 | €9,047 | - | -€9,047 | |
| Trade debts | 44 | €2,225 | €2,348 | +€122 | +5.5% |
| Suppliers | 440/4 | €2,225 | €2,348 | +€122 | +5.5% |
| Taxes, remuneration and social security | 45 | €8,358 | €27,629 | +€19,271 | +230.6% |
| Taxes | 450/3 | €8,358 | €27,629 | +€19,271 | +230.6% |
| Other amounts payable | 47/48 | €800 | €859 | +€59 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,144 | €23,817 | +€1,673 | +7.6% |
| Other operating charges | 640/8 | €495 | €341 | -€154 | -31.1% |
| Gross operating margin | 9900 | €97,786 | €130,531 | +€32,744 | +33.5% |
| Operating profit (loss) | 9901 | €75,147 | €106,372 | +€31,225 | +41.6% |
| Financial income | 75/76B | €0 | €81 | +€81 | +404950.0% |
| Recurring financial income | 75 | €0 | €81 | +€81 | +404950.0% |
| Financial charges | 65/66B | €2,456 | €212 | -€2,245 | -91.4% |
| Recurring financial charges | 65 | €2,456 | €212 | -€2,245 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €72,691 | €106,241 | +€33,551 | +46.2% |
| Income taxes | 67/77 | €15,538 | €23,732 | +€8,193 | +52.7% |
| Profit (loss) for the period | 9904 | €57,153 | €82,510 | +€25,357 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,153 | €82,510 | +€25,357 | +44.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.