VANAM INTERNATIONAL: 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.
VANAM INTERNATIONAL
Largest movements
- Cash -€6,001
down €6,001 (-100%), from €6,001 to €0
mainly Other debts (-€22,378) and Stocks and contracts (-€5,710)
- Stocks and contracts +€5,710
up €5,710 (+14.3%), from €39,827 to €45,537
- Tangible fixed assets -€2,808
down €2,808 (-47.0%), from €5,975 to €3,167
- Receivables within one year -€722
down €722 (-5.4%), from €13,462 to €12,740
of which Trade receivables: -€696
- Other debts -€22,378
down €22,378 (-16.0%), from €139,675 to €117,296
- Profit (loss) carried forward +€14,206
up €14,206 (+2.9%), from -€488,632 to -€474,425
- Short-term financial debts +€4,776
new in 2025: €4,776
- Trade debts -€869
down €869 (-53.0%), from €1,639 to €771
- Gross operating margin -€19,194
down €19,194 (-49.8%), from €38,560 to €19,367
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 | €66,654 | €62,590 | -€4,064 | -6.1% |
| Fixed assets | 21/28 | €5,975 | €3,167 | -€2,808 | -47.0% |
| Tangible fixed assets | 22/27 | €5,975 | €3,167 | -€2,808 | -47.0% |
| Furniture and vehicles | 24 | €5,975 | €3,167 | -€2,808 | -47.0% |
| Current assets | 29/58 | €60,679 | €59,422 | -€1,256 | -2.1% |
| Stocks and contracts in progress | 3 | €39,827 | €45,537 | +€5,710 | +14.3% |
| Stocks | 30/36 | €39,827 | €45,537 | +€5,710 | +14.3% |
| Amounts receivable within one year | 40/41 | €13,462 | €12,740 | -€722 | -5.4% |
| Trade receivables | 40 | €13,436 | €12,740 | -€696 | -5.2% |
| Other amounts receivable | 41 | €26 | €0 | -€26 | -100% |
| Cash at bank and in hand | 54/58 | €6,001 | €0 | -€6,001 | -100% |
| Deferred charges and accrued income | 490/1 | €1,389 | €1,145 | -€244 | -17.6% |
| Total equity and liabilities | 10/49 | €66,654 | €62,590 | -€4,064 | -6.1% |
| Equity | 10/15 | -€275,782 | -€261,576 | +€14,206 | +5.2% |
| Contributions | 10/11 | €209,751 | €209,751 | = | 0.0% |
| Capital | 10 | €209,751 | €209,751 | = | 0.0% |
| Issued capital | 100 | €209,751 | €209,751 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€488,632 | -€474,425 | +€14,206 | +2.9% |
| Amounts payable | 17/49 | €342,436 | €324,165 | -€18,271 | -5.3% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,436 | €124,165 | -€18,271 | -12.8% |
| Financial debts | 43 | - | €4,776 | +€4,776 | |
| Other loans | 439 | - | €4,776 | +€4,776 | |
| Trade debts | 44 | €1,639 | €771 | -€869 | -53.0% |
| Suppliers | 440/4 | €1,639 | €771 | -€869 | -53.0% |
| Taxes, remuneration and social security | 45 | €1,122 | €1,322 | +€200 | +17.8% |
| Taxes | 450/3 | €1,122 | €1,322 | +€200 | +17.8% |
| Other amounts payable | 47/48 | €139,675 | €117,296 | -€22,378 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €2,808 | = | 0.0% |
| Other operating charges | 640/8 | €1,616 | €1,557 | -€58 | -3.6% |
| Gross operating margin | 9900 | €38,560 | €19,367 | -€19,194 | -49.8% |
| Operating profit (loss) | 9901 | €34,137 | €15,002 | -€19,135 | -56.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €309 | €409 | +€100 | +32.5% |
| Recurring financial charges | 65 | €309 | €409 | +€100 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €33,828 | €14,592 | -€19,236 | -56.9% |
| Income taxes | 67/77 | €371 | €386 | +€14 | +3.9% |
| Profit (loss) for the period | 9904 | €33,456 | €14,206 | -€19,250 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,456 | €14,206 | -€19,250 | -57.5% |
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 23 October 2026 via checked.be.