VANAIR: 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.
VANAIR
Largest movements
- Tangible fixed assets -€42,789
down €42,789 (-21.2%), from €202,090 to €159,301
of which Leasing and similar rights: -€41,485
- Receivables within one year +€31,979
up €31,979 (+162%), from €19,755 to €51,733
of which Other amounts receivable: +€36,866
- Receivables after one year -€7,500
down €7,500 (-13.5%), from €55,500 to €48,000
- Deferred charges and accrued income +€4,618
up €4,618 (+106%), from €4,367 to €8,985
- Financial fixed assets +€4,000
up €4,000 (+500%), from €800 to €4,800
- Current portion of long-term debt -€11,814
down €11,814 (-34.5%), from €34,253 to €22,439
- Trade debts +€7,353
up €7,353 (+9.1%), from €81,026 to €88,379
- Debts after one year -€6,406
down €6,406 (-19.8%), from €32,356 to €25,950
- Tax, wage and social debts -€4,850
down €4,850 (-9.7%), from €49,828 to €44,979
of which Taxes: -€8,504
- Reserves +€4,450
up €4,450 (+7.4%), from €60,000 to €64,450
- Staff costs +€27,053
up €27,053 (+15.7%), from €172,323 to €199,376
- Depreciation -€7,849
down €7,849 (-12.8%), from €61,352 to €53,503
- Taxes -€4,616
down €4,616 (-35.9%), from €12,857 to €8,242
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 | €318,131 | €308,519 | -€9,612 | -3.0% |
| Fixed assets | 21/28 | €202,890 | €164,101 | -€38,789 | -19.1% |
| Tangible fixed assets | 22/27 | €202,090 | €159,301 | -€42,789 | -21.2% |
| Plant, machinery and equipment | 23 | €22,846 | €16,158 | -€6,688 | -29.3% |
| Furniture and vehicles | 24 | €8,136 | €28,213 | +€20,078 | +247% |
| Leasing and similar rights | 25 | €88,028 | €46,544 | -€41,485 | -47.1% |
| Other tangible fixed assets | 26 | €83,080 | €68,386 | -€14,694 | -17.7% |
| Financial fixed assets | 28 | €800 | €4,800 | +€4,000 | +500% |
| Current assets | 29/58 | €115,241 | €144,418 | +€29,177 | +25.3% |
| Amounts receivable after more than one year | 29 | €55,500 | €48,000 | -€7,500 | -13.5% |
| Other amounts receivable | 291 | €55,500 | €48,000 | -€7,500 | -13.5% |
| Stocks and contracts in progress | 3 | €32,337 | €31,607 | -€730 | -2.3% |
| Stocks | 30/36 | €32,337 | €31,607 | -€730 | -2.3% |
| Amounts receivable within one year | 40/41 | €19,755 | €51,733 | +€31,979 | +162% |
| Trade receivables | 40 | €17,371 | €12,484 | -€4,887 | -28.1% |
| Other amounts receivable | 41 | €2,384 | €39,250 | +€36,866 | +1,546% |
| Cash at bank and in hand | 54/58 | €3,282 | €4,093 | +€810 | +24.7% |
| Deferred charges and accrued income | 490/1 | €4,367 | €8,985 | +€4,618 | +106% |
| Total equity and liabilities | 10/49 | €318,131 | €308,519 | -€9,612 | -3.0% |
| Equity | 10/15 | €80,123 | €84,581 | +€4,458 | +5.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €60,000 | €64,450 | +€4,450 | +7.4% |
| Distributable reserves | 133 | €60,000 | €64,450 | +€4,450 | +7.4% |
| Profit (loss) carried forward | 14 | €1,573 | €1,581 | +€8 | +0.5% |
| Amounts payable | 17/49 | €238,008 | €223,938 | -€14,070 | -5.9% |
| Amounts payable after more than one year | 17 | €32,356 | €25,950 | -€6,406 | -19.8% |
| Financial debts | 170/4 | €32,356 | €25,950 | -€6,406 | -19.8% |
| Amounts payable within one year | 42/48 | €205,652 | €197,988 | -€7,664 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €34,253 | €22,439 | -€11,814 | -34.5% |
| Financial debts | 43 | €40,300 | €42,148 | +€1,848 | +4.6% |
| Credit institutions | 430/8 | €40,300 | €42,148 | +€1,848 | +4.6% |
| Trade debts | 44 | €81,026 | €88,379 | +€7,353 | +9.1% |
| Suppliers | 440/4 | €81,026 | €88,379 | +€7,353 | +9.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €49,828 | €44,979 | -€4,850 | -9.7% |
| Taxes | 450/3 | €33,257 | €24,753 | -€8,504 | -25.6% |
| Remuneration and social security | 454/9 | €16,571 | €20,226 | +€3,654 | +22.1% |
| Other amounts payable | 47/48 | €244 | €43 | -€200 | -82.3% |
| Remuneration, social security and pensions | 62 | €172,323 | €199,376 | +€27,053 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,352 | €53,503 | -€7,849 | -12.8% |
| Other operating charges | 640/8 | €4,956 | €4,456 | -€501 | -10.1% |
| Gross operating margin | 9900 | €277,896 | €276,435 | -€1,461 | -0.5% |
| Operating profit (loss) | 9901 | €39,265 | €19,101 | -€20,164 | -51.4% |
| Financial income | 75/76B | €830 | €1,000 | +€170 | +20.5% |
| Recurring financial income | 75 | €830 | €1,000 | +€170 | +20.5% |
| Financial charges | 65/66B | €9,248 | €7,402 | -€1,847 | -20.0% |
| Recurring financial charges | 65 | €9,248 | €7,402 | -€1,847 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €30,847 | €12,700 | -€18,147 | -58.8% |
| Income taxes | 67/77 | €12,857 | €8,242 | -€4,616 | -35.9% |
| Profit (loss) for the period | 9904 | €17,989 | €4,458 | -€13,531 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,989 | €4,458 | -€13,531 | -75.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.