VANAMARENCO: 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.
What changed
VANAMARENCO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,180
2024 · €4,231-€51
Equity
€3.4m
2024 · €3.4m+€3,380
Cash
€21,231
2024 · €4,684+€16,546
Balance sheet total
€3.7m
2024 · €3.7m-€62,104
Largest movements
Assets
- Receivables within one year -€63,886
down €63,886 (-71.5%), from €89,346 to €25,460
of which Trade receivables: -€62,700
Equity and liabilities
- Other debts -€81,659
down €81,659 (-27.5%), from €296,845 to €215,185
Income statement
- Staff costs +€4,686
up €4,686 (+3.2%), from €145,620 to €150,305
- Gross operating margin +€3,689
up €3,689 (+2.0%), from €180,054 to €183,743
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.
Result 2024
€4,231
Gross operating margin
+€3,689
Staff costs
-€4,686
Other operating charges
+€22
Financial charges
+€862
Taxes
+€62
Result 2025
€4,180
raises the resultlowers the result
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.
From operations
+€17,346
Investment
€0
Financing
-€800
Cash 2024
€4,684
From operations (derived)
+€17,346
Net result for the year
+€4,180
Depreciation
+€14,993
Receivables within one year
+€63,886
Deferred charges and accrued income
-€229
Trade debts
+€5,366
Tax, wage and social debts
+€12,222
Other debts
-€81,659
Accrued charges and deferred income
-€1,413
Financing
-€800
Contributions, distributions and other
-€800
Cash 2025
€21,231
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,747,712 | €3,685,608 | -€62,104 | -1.7% |
| Fixed assets | 21/28 | €3,650,565 | €3,635,572 | -€14,993 | -0.4% |
| Tangible fixed assets | 22/27 | €15,112 | €118 | -€14,993 | -99.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,112 | €118 | -€14,993 | -99.2% |
| Financial fixed assets | 28 | €3,635,454 | €3,635,454 | = | 0.0% |
| Current assets | 29/58 | €97,147 | €50,036 | -€47,111 | -48.5% |
| Amounts receivable within one year | 40/41 | €89,346 | €25,460 | -€63,886 | -71.5% |
| Trade receivables | 40 | €88,160 | €25,460 | -€62,700 | -71.1% |
| Other amounts receivable | 41 | €1,186 | - | -€1,186 | |
| Cash at bank and in hand | 54/58 | €4,684 | €21,231 | +€16,546 | +353% |
| Deferred charges and accrued income | 490/1 | €3,117 | €3,346 | +€229 | +7.3% |
| Total equity and liabilities | 10/49 | €3,747,712 | €3,685,608 | -€62,104 | -1.7% |
| Equity | 10/15 | €3,425,405 | €3,428,785 | +€3,380 | +0.1% |
| Contributions | 10/11 | €611,358 | €611,358 | = | 0.0% |
| Capital | 10 | €611,358 | €611,358 | = | 0.0% |
| Issued capital | 100 | €611,358 | €611,358 | = | 0.0% |
| Reserves | 13 | €2,814,047 | €2,817,427 | +€3,380 | +0.1% |
| Non-distributable reserves | 130/1 | €61,150 | €61,150 | = | 0.0% |
| Legal reserve | 130 | €61,150 | €61,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €2,696,647 | €2,700,027 | +€3,380 | +0.1% |
| Amounts payable | 17/49 | €322,307 | €256,824 | -€65,484 | -20.3% |
| Amounts payable within one year | 42/48 | €314,716 | €250,644 | -€64,071 | -20.4% |
| Trade debts | 44 | €8,297 | €13,663 | +€5,366 | +64.7% |
| Suppliers | 440/4 | €8,297 | €13,663 | +€5,366 | +64.7% |
| Taxes, remuneration and social security | 45 | €9,574 | €21,796 | +€12,222 | +128% |
| Taxes | 450/3 | €1,846 | €12,760 | +€10,914 | +591% |
| Remuneration and social security | 454/9 | €7,728 | €9,036 | +€1,308 | +16.9% |
| Other amounts payable | 47/48 | €296,845 | €215,185 | -€81,659 | -27.5% |
| Accrued charges and deferred income | 492/3 | €7,592 | €6,179 | -€1,413 | -18.6% |
| Remuneration, social security and pensions | 62 | €145,620 | €150,305 | +€4,686 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,993 | €14,993 | = | 0.0% |
| Other operating charges | 640/8 | €3,773 | €3,750 | -€22 | -0.6% |
| Gross operating margin | 9900 | €180,054 | €183,743 | +€3,689 | +2.0% |
| Operating profit (loss) | 9901 | €15,668 | €14,694 | -€975 | -6.2% |
| Financial charges | 65/66B | €5,856 | €4,994 | -€862 | -14.7% |
| Recurring financial charges | 65 | €5,856 | €4,994 | -€862 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €9,812 | €9,700 | -€113 | -1.1% |
| Income taxes | 67/77 | €5,582 | €5,520 | -€62 | -1.1% |
| Profit (loss) for the period | 9904 | €4,231 | €4,180 | -€51 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,231 | €4,180 | -€51 | -1.2% |
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 27 October 2026 via checked.be.