VANAL: 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.
What changed
VANAL
NACE 47.792, Retail sale of second-hand clothing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€27,338
2023 · €26,293-€53,632
Equity
€630,053
2023 · €657,392-€27,338
Cash
€87,015
2023 · €99,430-€12,415
Balance sheet total
€2.0m
2023 · €2.0m+€1,787
Largest movements
Assets
- Stocks and contracts +€22,271
up €22,271 (+1.7%), from €1.3m to €1.3m
of which Stocks: +€12,081
Equity and liabilities
- Other debts +€45,394
up €45,394 (+48.3%), from €93,996 to €139,390
- Reserves -€27,338
down €27,338 (-4.9%), from €557,392 to €530,053
of which Distributable reserves: -€27,338
Income statement
- Gross operating margin -€46,451
down €46,451 (-7.5%), from €617,777 to €571,326
- Financial charges +€23,972
up €23,972 (+41.7%), from €57,477 to €81,449
- Write-downs -€18,399
new in 2024: -€18,399
- Other operating charges +€16,966
up €16,966 (+38.1%), from €44,543 to €61,509
- Staff costs -€10,873
down €10,873 (-2.3%), from €468,489 to €457,616
From the 2023 result to the 2024 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.
Result 2023
€26,293
Gross operating margin
-€46,451
Staff costs
+€10,873
Depreciation
-€2,473
Write-downs
+€18,399
Other operating charges
-€16,966
Financial income
+€245
Financial charges
-€23,972
Taxes
+€6,713
Result 2024
-€27,338
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€24,281
Investment
-€12,478
Financing
-€24,218
Cash 2023
€99,430
From operations (derived)
+€24,281
Net result for the year
-€27,338
Depreciation
+€18,976
Stocks and contracts
-€22,271
Receivables within one year
+€12,216
Deferred charges and accrued income
-€10,644
Trade debts
+€6,246
Tax, wage and social debts
+€1,704
Other debts
+€45,394
Investment (derived)
-€12,478
Investment in fixed assets (net)
-€12,478
Financing
-€24,218
Debts after one year
-€15,121
Current portion of long-term debt
-€9,097
Cash 2024
€87,015
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,959,956 | €1,961,743 | +€1,787 | +0.1% |
| Fixed assets | 21/28 | €88,888 | €82,389 | -€6,499 | -7.3% |
| Tangible fixed assets | 22/27 | €87,088 | €80,589 | -€6,499 | -7.5% |
| Land and buildings | 22 | €47,794 | €40,804 | -€6,991 | -14.6% |
| Plant, machinery and equipment | 23 | €1,642 | €5,471 | +€3,829 | +233.2% |
| Furniture and vehicles | 24 | €37,651 | €34,315 | -€3,336 | -8.9% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €1,871,068 | €1,879,354 | +€8,285 | +0.4% |
| Stocks and contracts in progress | 3 | €1,314,599 | €1,336,870 | +€22,271 | +1.7% |
| Stocks | 30/36 | €1,257,011 | €1,269,092 | +€12,081 | +1.0% |
| Contracts in progress | 37 | €57,588 | €67,778 | +€10,190 | +17.7% |
| Amounts receivable within one year | 40/41 | €454,891 | €442,675 | -€12,216 | -2.7% |
| Trade receivables | 40 | €454,891 | €439,189 | -€15,702 | -3.5% |
| Other amounts receivable | 41 | - | €3,487 | +€3,487 | |
| Cash at bank and in hand | 54/58 | €99,430 | €87,015 | -€12,415 | -12.5% |
| Deferred charges and accrued income | 490/1 | €2,149 | €12,793 | +€10,644 | +495.3% |
| Total equity and liabilities | 10/49 | €1,959,956 | €1,961,743 | +€1,787 | +0.1% |
| Equity | 10/15 | €657,392 | €630,053 | -€27,338 | -4.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €557,392 | €530,053 | -€27,338 | -4.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,137 | €42,137 | = | 0.0% |
| Distributable reserves | 133 | €505,254 | €477,916 | -€27,338 | -5.4% |
| Amounts payable | 17/49 | €1,302,564 | €1,331,690 | +€29,125 | +2.2% |
| Amounts payable after more than one year | 17 | €22,017 | €6,896 | -€15,121 | -68.7% |
| Financial debts | 170/4 | €22,017 | €6,896 | -€15,121 | -68.7% |
| Amounts payable within one year | 42/48 | €1,280,547 | €1,324,793 | +€44,246 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €59,108 | €50,010 | -€9,097 | -15.4% |
| Financial debts | 43 | €715,000 | €715,000 | = | 0.0% |
| Credit institutions | 430/8 | €715,000 | €715,000 | = | 0.0% |
| Trade debts | 44 | €229,635 | €235,880 | +€6,246 | +2.7% |
| Suppliers | 440/4 | €229,635 | €235,880 | +€6,246 | +2.7% |
| Taxes, remuneration and social security | 45 | €182,809 | €184,512 | +€1,704 | +0.9% |
| Taxes | 450/3 | €105,572 | €111,184 | +€5,612 | +5.3% |
| Remuneration and social security | 454/9 | €77,237 | €73,329 | -€3,908 | -5.1% |
| Other amounts payable | 47/48 | €93,996 | €139,390 | +€45,394 | +48.3% |
| Non-recurring operating income | 76A | €207 | €1,391 | +€1,185 | +573.5% |
| Remuneration, social security and pensions | 62 | €468,489 | €457,616 | -€10,873 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,503 | €18,976 | +€2,473 | +15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€18,399 | -€18,399 | |
| Other operating charges | 640/8 | €44,543 | €61,509 | +€16,966 | +38.1% |
| Gross operating margin | 9900 | €617,777 | €571,326 | -€46,451 | -7.5% |
| Operating profit (loss) | 9901 | €88,242 | €51,624 | -€36,618 | -41.5% |
| Financial income | 75/76B | €1,537 | €1,782 | +€245 | +16.0% |
| Recurring financial income | 75 | €1,537 | €1,782 | +€245 | +16.0% |
| Financial charges | 65/66B | €57,477 | €81,449 | +€23,972 | +41.7% |
| Recurring financial charges | 65 | €57,477 | €81,449 | +€23,972 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €32,301 | -€28,044 | -€60,345 | |
| Income taxes | 67/77 | €6,008 | -€705 | -€6,713 | |
| Profit (loss) for the period | 9904 | €26,293 | -€27,338 | -€53,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,293 | -€27,338 | -€53,632 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.