VANACKEN: 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.
VANACKEN
Largest movements
- Tangible fixed assets +€867,891
up €867,891 (+100.0%), from €868,055 to €1.7m
- Debts after one year +€943,279
up €943,279 (+243.9%), from €386,710 to €1.3m
of which Financial debts: +€929,035
- Profit (loss) carried forward -€55,580
down €55,580 (-5.8%), from -€962,806 to -€1.0m
- Current portion of long-term debt -€23,943
down €23,943 (-54.1%), from €44,222 to €20,279
- Financial charges +€30,360
up €30,360 (+190.9%), from €15,906 to €46,266
- Gross operating margin -€14,866
down €14,866 (-23.6%), from €63,035 to €48,169
- Depreciation +€12,300
up €12,300 (+31.7%), from €38,786 to €51,086
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 | €870,911 | €1,745,183 | +€874,271 | +100.4% |
| Fixed assets | 21/28 | €868,055 | €1,735,946 | +€867,891 | +100.0% |
| Tangible fixed assets | 22/27 | €868,055 | €1,735,946 | +€867,891 | +100.0% |
| Land and buildings | 22 | €868,055 | €1,735,946 | +€867,891 | +100.0% |
| Current assets | 29/58 | €2,856 | €9,237 | +€6,380 | +223.4% |
| Amounts receivable within one year | 40/41 | - | €5,000 | +€5,000 | |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €2,190 | €2,827 | +€637 | +29.1% |
| Deferred charges and accrued income | 490/1 | €666 | €1,410 | +€744 | +111.7% |
| Total equity and liabilities | 10/49 | €870,911 | €1,745,183 | +€874,271 | +100.4% |
| Equity | 10/15 | €137,194 | €81,615 | -€55,580 | -40.5% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Capital | 10 | €1,100,000 | €1,100,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €1,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€962,806 | -€1,018,385 | -€55,580 | -5.8% |
| Amounts payable | 17/49 | €733,717 | €1,663,568 | +€929,851 | +126.7% |
| Amounts payable after more than one year | 17 | €386,710 | €1,329,989 | +€943,279 | +243.9% |
| Financial debts | 170/4 | €194,199 | €1,123,234 | +€929,035 | +478.4% |
| Other amounts payable | 178/9 | €192,511 | €206,755 | +€14,245 | +7.4% |
| Amounts payable within one year | 42/48 | €47,748 | €24,944 | -€22,805 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €44,222 | €20,279 | -€23,943 | -54.1% |
| Trade debts | 44 | €2,989 | €4,665 | +€1,676 | +56.1% |
| Suppliers | 440/4 | €2,989 | €4,665 | +€1,676 | +56.1% |
| Taxes, remuneration and social security | 45 | €538 | - | -€538 | |
| Taxes | 450/3 | €538 | - | -€538 | |
| Accrued charges and deferred income | 492/3 | €299,259 | €308,636 | +€9,377 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,786 | €51,086 | +€12,300 | +31.7% |
| Other operating charges | 640/8 | €6,202 | €6,397 | +€195 | +3.1% |
| Gross operating margin | 9900 | €63,035 | €48,169 | -€14,866 | -23.6% |
| Operating profit (loss) | 9901 | €18,047 | -€9,314 | -€27,361 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,906 | €46,266 | +€30,360 | +190.9% |
| Recurring financial charges | 65 | €15,906 | €46,266 | +€30,360 | +190.9% |
| Profit (loss) for the period before taxes | 9903 | €2,141 | -€55,580 | -€57,721 | |
| Profit (loss) for the period | 9904 | €2,141 | -€55,580 | -€57,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,141 | -€55,580 | -€57,721 |
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 7 October 2026 via checked.be.