VANAPLAST: 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.
VANAPLAST
Largest movements
- Receivables within one year -€9,413
down €9,413 (-33.2%), from €28,328 to €18,916
of which Trade receivables: -€8,842
- Stocks and contracts -€6,184
down €6,184 (-12.0%), from €51,592 to €45,408
- Cash +€3,549
up €3,549 (+1.7%), from €207,197 to €210,746
mainly Net result for the year (+€46,356) and Depreciation (+€10,075)
- Other debts -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Reserves +€6,356
up €6,356 (+2.8%), from €225,708 to €232,065
- Trade debts -€3,797
down €3,797 (-51.6%), from €7,355 to €3,557
- Gross operating margin -€16,057
down €16,057 (-17.8%), from €90,366 to €74,309
- Taxes -€4,558
down €4,558 (-23.0%), from €19,857 to €15,299
- Depreciation +€1,812
up €1,812 (+21.9%), from €8,263 to €10,075
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 | €304,810 | €294,214 | -€10,596 | -3.5% |
| Fixed assets | 21/28 | €17,692 | €17,096 | -€596 | -3.4% |
| Tangible fixed assets | 22/27 | €17,692 | €17,096 | -€596 | -3.4% |
| Plant, machinery and equipment | 23 | €17,447 | €17,096 | -€351 | -2.0% |
| Furniture and vehicles | 24 | €244 | €0 | -€244 | -100.0% |
| Current assets | 29/58 | €287,118 | €277,118 | -€10,000 | -3.5% |
| Stocks and contracts in progress | 3 | €51,592 | €45,408 | -€6,184 | -12.0% |
| Stocks | 30/36 | €51,592 | €45,408 | -€6,184 | -12.0% |
| Amounts receivable within one year | 40/41 | €28,328 | €18,916 | -€9,413 | -33.2% |
| Trade receivables | 40 | €21,515 | €12,674 | -€8,842 | -41.1% |
| Other amounts receivable | 41 | €6,813 | €6,242 | -€571 | -8.4% |
| Cash at bank and in hand | 54/58 | €207,197 | €210,746 | +€3,549 | +1.7% |
| Deferred charges and accrued income | 490/1 | €1 | €2,049 | +€2,048 | +284470.8% |
| Total equity and liabilities | 10/49 | €304,810 | €294,214 | -€10,596 | -3.5% |
| Equity | 10/15 | €244,300 | €250,657 | +€6,356 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €225,708 | €232,065 | +€6,356 | +2.8% |
| Distributable reserves | 133 | €225,708 | €232,065 | +€6,356 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,509 | €43,557 | -€16,952 | -28.0% |
| Amounts payable after more than one year | 17 | €2,047 | €0 | -€2,047 | -100.0% |
| Other amounts payable | 178/9 | €2,047 | €0 | -€2,047 | -100.0% |
| Amounts payable within one year | 42/48 | €58,463 | €43,557 | -€14,905 | -25.5% |
| Trade debts | 44 | €7,355 | €3,557 | -€3,797 | -51.6% |
| Suppliers | 440/4 | €7,355 | €3,557 | -€3,797 | -51.6% |
| Taxes, remuneration and social security | 45 | €1,108 | €0 | -€1,108 | -100.0% |
| Taxes | 450/3 | €1,108 | €0 | -€1,108 | -100.0% |
| Other amounts payable | 47/48 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,263 | €10,075 | +€1,812 | +21.9% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €90,366 | €74,309 | -€16,057 | -17.8% |
| Operating profit (loss) | 9901 | €81,977 | €64,106 | -€17,871 | -21.8% |
| Financial income | 75/76B | €178 | €704 | +€526 | +294.7% |
| Recurring financial income | 75 | €178 | €704 | +€526 | +294.7% |
| Financial charges | 65/66B | €2,584 | €3,155 | +€571 | +22.1% |
| Recurring financial charges | 65 | €2,584 | €3,155 | +€571 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €79,571 | €61,655 | -€17,916 | -22.5% |
| Income taxes | 67/77 | €19,857 | €15,299 | -€4,558 | -23.0% |
| Profit (loss) for the period | 9904 | €59,714 | €46,356 | -€13,358 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,714 | €46,356 | -€13,358 | -22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.