Vanacon: 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.
Vanacon
Largest movements
- Cash -€31,883
down €31,883 (-47.8%), from €66,684 to €34,801
mainly Contributions, distributions and other (-€44,234) and Other debts (-€2,419)
- Receivables within one year +€2,192
up €2,192 (+14.5%), from €15,104 to €17,297
of which Other amounts receivable: +€1,613
- Reserves -€30,518
down €30,518 (-44.4%), from €68,664 to €38,146
- Other debts -€2,419
down €2,419 (-57.4%), from €4,213 to €1,794
- Trade debts +€2,146
up €2,146 (+57.3%), from €3,748 to €5,894
- Tax, wage and social debts +€1,160
up €1,160 (+10.0%), from €11,655 to €12,815
of which Remuneration and social security: +€3,000
- Gross operating margin -€4,114
down €4,114 (-14.9%), from €27,602 to €23,489
- Other operating charges +€1,510
up €1,510 (+62.6%), from €2,412 to €3,922
- Taxes -€1,259
down €1,259 (-22.3%), from €5,645 to €4,387
- Financial income -€410
down €410 (-93.9%), from €437 to €27
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.
Derived cash bridge
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 | €93,280 | €63,844 | -€29,436 | -31.6% |
| Fixed assets | 21/28 | €1,141 | €1,689 | +€548 | +48.0% |
| Tangible fixed assets | 22/27 | €1,141 | €1,689 | +€548 | +48.0% |
| Plant, machinery and equipment | 23 | €232 | - | -€232 | |
| Furniture and vehicles | 24 | €909 | €1,689 | +€780 | +85.8% |
| Current assets | 29/58 | €92,139 | €62,155 | -€29,984 | -32.5% |
| Amounts receivable within one year | 40/41 | €15,104 | €17,297 | +€2,192 | +14.5% |
| Trade receivables | 40 | €14,621 | €15,200 | +€579 | +4.0% |
| Other amounts receivable | 41 | €483 | €2,097 | +€1,613 | +334% |
| Cash at bank and in hand | 54/58 | €66,684 | €34,801 | -€31,883 | -47.8% |
| Deferred charges and accrued income | 490/1 | €10,351 | €10,057 | -€294 | -2.8% |
| Total equity and liabilities | 10/49 | €93,280 | €63,844 | -€29,436 | -31.6% |
| Equity | 10/15 | €73,664 | €43,146 | -€30,518 | -41.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,664 | €38,146 | -€30,518 | -44.4% |
| Distributable reserves | 133 | €68,664 | €38,146 | -€30,518 | -44.4% |
| Amounts payable | 17/49 | €19,616 | €20,698 | +€1,082 | +5.5% |
| Amounts payable within one year | 42/48 | €19,616 | €20,504 | +€888 | +4.5% |
| Trade debts | 44 | €3,748 | €5,894 | +€2,146 | +57.3% |
| Suppliers | 440/4 | €3,748 | €5,894 | +€2,146 | +57.3% |
| Taxes, remuneration and social security | 45 | €11,655 | €12,815 | +€1,160 | +10.0% |
| Taxes | 450/3 | €11,655 | €9,815 | -€1,840 | -15.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €4,213 | €1,794 | -€2,419 | -57.4% |
| Accrued charges and deferred income | 492/3 | - | €194 | +€194 | |
| Non-recurring operating income | 76A | - | €3,320 | +€3,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €707 | +€87 | +14.1% |
| Other operating charges | 640/8 | €2,412 | €3,922 | +€1,510 | +62.6% |
| Gross operating margin | 9900 | €27,602 | €23,489 | -€4,114 | -14.9% |
| Operating profit (loss) | 9901 | €24,571 | €18,860 | -€5,711 | -23.2% |
| Financial income | 75/76B | €437 | €27 | -€410 | -93.9% |
| Recurring financial income | 75 | €437 | €27 | -€410 | -93.9% |
| Financial charges | 65/66B | €719 | €784 | +€65 | +9.0% |
| Recurring financial charges | 65 | €719 | €784 | +€65 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €24,289 | €18,103 | -€6,186 | -25.5% |
| Income taxes | 67/77 | €5,645 | €4,387 | -€1,259 | -22.3% |
| Profit (loss) for the period | 9904 | €18,644 | €13,716 | -€4,928 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,644 | €13,716 | -€4,928 | -26.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.