Vanari: 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.
Vanari
Largest movements
- Cash -€257,671
down €257,671 (-86.3%), from €298,441 to €40,770
mainly Contributions, distributions and other (-€300,000) and Current investments (-€199,372)
- Current investments +€199,372
up €199,372, from €0 to €199,372
- Tangible fixed assets +€13,823
up €13,823 (+143%), from €9,658 to €23,481
of which Furniture and vehicles: +€8,314
- Receivables within one year +€8,771
up €8,771 (+123%), from €7,143 to €15,914
of which Trade receivables: +€10,766
- Reserves -€150,542
down €150,542 (-54.2%), from €277,791 to €127,248
- Other debts +€104,922
up €104,922 (+10,492%), from €1,000 to €105,922
- Tax, wage and social debts +€9,800
up €9,800 (+27.6%), from €35,549 to €45,348
of which Taxes: +€8,919
- Gross operating margin -€12,717
down €12,717 (-5.7%), from €222,396 to €209,679
- Financial charges +€4,249
up €4,249 (+10,882%), from €39 to €4,288
- Financial income +€2,298
up €2,298 (+65.1%), from €3,528 to €5,826
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,509 | €279,817 | -€35,692 | -11.3% |
| Fixed assets | 21/28 | €9,658 | €23,481 | +€13,823 | +143% |
| Tangible fixed assets | 22/27 | €9,658 | €23,481 | +€13,823 | +143% |
| Plant, machinery and equipment | 23 | - | €5,509 | +€5,509 | |
| Furniture and vehicles | 24 | €9,658 | €17,972 | +€8,314 | +86.1% |
| Current assets | 29/58 | €305,851 | €256,336 | -€49,515 | -16.2% |
| Amounts receivable within one year | 40/41 | €7,143 | €15,914 | +€8,771 | +123% |
| Trade receivables | 40 | €1,334 | €12,100 | +€10,766 | +807% |
| Other amounts receivable | 41 | €5,809 | €3,814 | -€1,995 | -34.3% |
| Current investments | 50/53 | €0 | €199,372 | +€199,372 | |
| Cash at bank and in hand | 54/58 | €298,441 | €40,770 | -€257,671 | -86.3% |
| Deferred charges and accrued income | 490/1 | €267 | €280 | +€13 | +4.9% |
| Total equity and liabilities | 10/49 | €315,509 | €279,817 | -€35,692 | -11.3% |
| Equity | 10/15 | €278,791 | €128,248 | -€150,542 | -54.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €277,791 | €127,248 | -€150,542 | -54.2% |
| Distributable reserves | 133 | €277,791 | €127,248 | -€150,542 | -54.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,718 | €151,569 | +€114,850 | +313% |
| Amounts payable within one year | 42/48 | €36,718 | €151,569 | +€114,850 | +313% |
| Trade debts | 44 | €170 | €298 | +€128 | +75.8% |
| Suppliers | 440/4 | €170 | €298 | +€128 | +75.8% |
| Taxes, remuneration and social security | 45 | €35,549 | €45,348 | +€9,800 | +27.6% |
| Taxes | 450/3 | €31,162 | €40,082 | +€8,919 | +28.6% |
| Remuneration and social security | 454/9 | €4,387 | €5,267 | +€880 | +20.1% |
| Other amounts payable | 47/48 | €1,000 | €105,922 | +€104,922 | +10,492% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,709 | €9,285 | +€1,576 | +20.4% |
| Other operating charges | 640/8 | €126 | €263 | +€137 | +108% |
| Gross operating margin | 9900 | €222,396 | €209,679 | -€12,717 | -5.7% |
| Operating profit (loss) | 9901 | €214,561 | €200,131 | -€14,430 | -6.7% |
| Financial income | 75/76B | €3,528 | €5,826 | +€2,298 | +65.1% |
| Recurring financial income | 75 | €3,528 | €5,826 | +€2,298 | +65.1% |
| Financial charges | 65/66B | €39 | €4,288 | +€4,249 | +10,882% |
| Recurring financial charges | 65 | €39 | €4,288 | +€4,249 | +10,882% |
| Profit (loss) for the period before taxes | 9903 | €218,050 | €201,669 | -€16,381 | -7.5% |
| Income taxes | 67/77 | €50,249 | €52,212 | +€1,962 | +3.9% |
| Profit (loss) for the period | 9904 | €167,801 | €149,458 | -€18,344 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €167,801 | €149,458 | -€18,344 | -10.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.