VANAENRODE: 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.
VANAENRODE
Largest movements
- Tangible fixed assets -€40,717
down €40,717 (-10.3%), from €394,978 to €354,261
of which Furniture and vehicles: -€25,332
- Cash +€28,605
up €28,605 (+73.2%), from €39,078 to €67,683
mainly Depreciation (+€70,552) and Trade debts (+€48,032)
- Stocks and contracts +€9,001
up €9,001 (+4.0%), from €225,840 to €234,841
of which Contracts in progress: +€30,750
- Trade debts +€48,032
up €48,032 (+68.2%), from €70,383 to €118,415
- Profit (loss) carried forward -€33,375
down €33,375 (-389.2%), from -€8,575 to -€41,950
- Debts after one year -€19,855
down €19,855 (-11.4%), from €174,640 to €154,785
- Other debts +€13,633
up €13,633 (+32.0%), from €42,590 to €56,223
- Gross operating margin -€44,747
down €44,747 (-13.6%), from €329,047 to €284,299
- Staff costs +€42,802
up €42,802 (+23.5%), from €182,145 to €224,947
- Other operating charges -€21,779
down €21,779 (-67.0%), from €32,520 to €10,742
- Taxes -€6,194
down €6,194 (-100.0%), from €6,194 to €0
- Depreciation -€3,511
down €3,511 (-4.7%), from €74,063 to €70,552
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 | €738,167 | €744,668 | +€6,501 | +0.9% |
| Fixed assets | 21/28 | €396,248 | €355,531 | -€40,717 | -10.3% |
| Tangible fixed assets | 22/27 | €394,978 | €354,261 | -€40,717 | -10.3% |
| Land and buildings | 22 | €212,750 | €209,323 | -€3,427 | -1.6% |
| Plant, machinery and equipment | 23 | €63,312 | €51,354 | -€11,958 | -18.9% |
| Furniture and vehicles | 24 | €118,915 | €93,583 | -€25,332 | -21.3% |
| Financial fixed assets | 28 | €1,270 | €1,270 | = | 0.0% |
| Current assets | 29/58 | €341,919 | €389,137 | +€47,218 | +13.8% |
| Stocks and contracts in progress | 3 | €225,840 | €234,841 | +€9,001 | +4.0% |
| Stocks | 30/36 | €225,840 | €204,091 | -€21,749 | -9.6% |
| Contracts in progress | 37 | - | €30,750 | +€30,750 | |
| Amounts receivable within one year | 40/41 | €73,226 | €79,095 | +€5,870 | +8.0% |
| Trade receivables | 40 | €69,393 | €74,692 | +€5,300 | +7.6% |
| Other amounts receivable | 41 | €3,833 | €4,403 | +€570 | +14.9% |
| Cash at bank and in hand | 54/58 | €39,078 | €67,683 | +€28,605 | +73.2% |
| Deferred charges and accrued income | 490/1 | €3,776 | €7,519 | +€3,742 | +99.1% |
| Total equity and liabilities | 10/49 | €738,167 | €744,668 | +€6,501 | +0.9% |
| Equity | 10/15 | €292,661 | €259,286 | -€33,375 | -11.4% |
| Contributions | 10/11 | €237,336 | €237,336 | = | 0.0% |
| Reserves | 13 | €63,900 | €63,900 | = | 0.0% |
| Distributable reserves | 133 | €63,900 | €63,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,575 | -€41,950 | -€33,375 | -389.2% |
| Amounts payable | 17/49 | €445,506 | €485,382 | +€39,876 | +9.0% |
| Amounts payable after more than one year | 17 | €174,640 | €154,785 | -€19,855 | -11.4% |
| Financial debts | 170/4 | €174,640 | €154,785 | -€19,855 | -11.4% |
| Amounts payable within one year | 42/48 | €270,866 | €330,597 | +€59,731 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €19,457 | €19,855 | +€398 | +2.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €70,383 | €118,415 | +€48,032 | +68.2% |
| Suppliers | 440/4 | €70,383 | €118,415 | +€48,032 | +68.2% |
| Taxes, remuneration and social security | 45 | €38,436 | €36,104 | -€2,333 | -6.1% |
| Taxes | 450/3 | €18,406 | €4,349 | -€14,057 | -76.4% |
| Remuneration and social security | 454/9 | €20,031 | €31,755 | +€11,725 | +58.5% |
| Other amounts payable | 47/48 | €42,590 | €56,223 | +€13,633 | +32.0% |
| Non-recurring operating income | 76A | €800 | €20,615 | +€19,815 | +2476.9% |
| Remuneration, social security and pensions | 62 | €182,145 | €224,947 | +€42,802 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,063 | €70,552 | -€3,511 | -4.7% |
| Other operating charges | 640/8 | €32,520 | €10,742 | -€21,779 | -67.0% |
| Non-recurring operating charges | 66A | €5,550 | €0 | -€5,550 | -100.0% |
| Gross operating margin | 9900 | €329,047 | €284,299 | -€44,747 | -13.6% |
| Operating profit (loss) | 9901 | €34,768 | -€21,942 | -€56,710 | |
| Financial income | 75/76B | €392 | €0 | -€392 | -100.0% |
| Recurring financial income | 75 | €392 | €0 | -€392 | -100.0% |
| Financial charges | 65/66B | €13,675 | €11,433 | -€2,242 | -16.4% |
| Recurring financial charges | 65 | €13,675 | €11,433 | -€2,242 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €21,484 | -€33,375 | -€54,860 | |
| Income taxes | 67/77 | €6,194 | €0 | -€6,194 | -100.0% |
| Profit (loss) for the period | 9904 | €15,291 | -€33,375 | -€48,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,291 | -€33,375 | -€48,666 |
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 12 October 2026 via checked.be.