VANAS ENGINEERING: 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
VANAS ENGINEERING
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€812,546
2024 · €1.2m-€350,669
Equity
€6.5m
2024 · €5.7m+€798,546
Cash
€925,165
2024 · €665,174+€259,990
Balance sheet total
€12.6m
2024 · €12.5m+€171,455
Largest movements
Assets
- Stocks and contracts -€900,283
down €900,283 (-48.8%), from €1.8m to €943,056
of which Contracts in progress: -€507,277
- Receivables within one year +€572,490
up €572,490 (+12.8%), from €4.5m to €5.1m
of which Trade receivables: +€582,852
- Cash +€259,990
up €259,990 (+39.1%), from €665,174 to €925,165
mainly Stocks and contracts (+€900,283) and Net result for the year (+€812,546)
- Tangible fixed assets +€239,996
up €239,996 (+25.0%), from €960,495 to €1.2m
of which Plant, machinery and equipment: +€337,104
Equity and liabilities
- Advances received -€1.4m
down €1.4m (-51.4%), from €2.7m to €1.3m
- Profit (loss) carried forward +€812,546
up €812,546 (+17.0%), from €4.8m to €5.6m
- Other debts +€750,000
up €750,000 (+75.0%), from €1.0m to €1.8m
- Accrued charges and deferred income +€522,142
up €522,142 (+15362.5%), from €3,399 to €525,541
- Tax, wage and social debts -€285,297
down €285,297 (-27.4%), from €1.0m to €754,466
of which Taxes: -€250,973
Income statement
- Goods and materials -€4.2m
down €4.2m (-37.6%), from €11.1m to €6.9m
of which Purchases: -€4.3m
- Turnover -€3.5m
down €3.5m (-16.7%), from €20.7m to €17.2m
- Services and other goods +€432,481
up €432,481 (+13.5%), from €3.2m to €3.6m
- Provisions -€400,000
no longer reported in 2025 (was €400,000)
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
€1.2m
Turnover
-€3.5m
Other operating income
+€34,598
Goods and materials
+€4.2m
Services and other goods
-€432,481
Staff costs
-€100,412
Depreciation
-€24,671
Write-downs
+€80,168
Provisions
+€400,000
Other operating charges
+€7,345
Other operating items
-€1.1m
Financial income
-€16,034
Financial charges
-€23,382
Taxes
+€114,464
Result 2025
€812,546
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.
From operations
+€683,643
Investment
-€409,652
Financing
-€14,000
Cash 2024
€665,174
From operations (derived)
+€683,643
Net result for the year
+€812,546
Depreciation
+€155,743
Stocks and contracts
+€900,283
Receivables within one year
-€572,490
Deferred charges and accrued income
+€14,653
Trade debts
-€226,472
Tax, wage and social debts
-€285,297
Advances received
-€1.4m
Other debts
+€750,000
Accrued charges and deferred income
+€522,142
Investment (derived)
-€409,652
Investment in fixed assets (net)
-€409,652
Financing
-€14,000
Contributions, distributions and other
-€14,000
Cash 2025
€925,165
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,451,602 | €12,623,057 | +€171,455 | +1.4% |
| Fixed assets | 21/28 | €5,449,324 | €5,703,234 | +€253,910 | +4.7% |
| Intangible fixed assets | 21 | €26,114 | €25,314 | -€800 | -3.1% |
| Tangible fixed assets | 22/27 | €960,495 | €1,200,492 | +€239,996 | +25.0% |
| Land and buildings | 22 | €909,445 | €820,923 | -€88,522 | -9.7% |
| Plant, machinery and equipment | 23 | €13,107 | €350,211 | +€337,104 | +2572.0% |
| Furniture and vehicles | 24 | €37,606 | €29,358 | -€8,248 | -21.9% |
| Other tangible fixed assets | 26 | €338 | - | -€338 | |
| Financial fixed assets | 28 | €4,462,715 | €4,477,428 | +€14,714 | +0.3% |
| Affiliated companies | 280/1 | €4,400,000 | €4,400,000 | = | 0.0% |
| Participating interests | 280 | €4,400,000 | €4,400,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €62,715 | €77,428 | +€14,714 | +23.5% |
| Amounts receivable and cash guarantees | 285/8 | €62,715 | €77,428 | +€14,714 | +23.5% |
| Current assets | 29/58 | €7,002,278 | €6,919,823 | -€82,455 | -1.2% |
| Stocks and contracts in progress | 3 | €1,843,339 | €943,056 | -€900,283 | -48.8% |
| Stocks | 30/36 | €1,072,817 | €679,810 | -€393,006 | -36.6% |
| Goods purchased for resale | 34 | €730,253 | €676,733 | -€53,520 | -7.3% |
| Advance payments | 36 | €342,564 | €3,077 | -€339,487 | -99.1% |
| Contracts in progress | 37 | €770,522 | €263,246 | -€507,277 | -65.8% |
| Amounts receivable within one year | 40/41 | €4,479,112 | €5,051,603 | +€572,490 | +12.8% |
| Trade receivables | 40 | €4,337,601 | €4,920,453 | +€582,852 | +13.4% |
| Other amounts receivable | 41 | €141,511 | €131,149 | -€10,362 | -7.3% |
| Cash at bank and in hand | 54/58 | €665,174 | €925,165 | +€259,990 | +39.1% |
| Deferred charges and accrued income | 490/1 | €14,653 | - | -€14,653 | |
| Total equity and liabilities | 10/49 | €12,451,602 | €12,623,057 | +€171,455 | +1.4% |
| Equity | 10/15 | €5,700,985 | €6,499,531 | +€798,546 | +14.0% |
| Contributions | 10/11 | €453,440 | €453,440 | = | 0.0% |
| Reserves | 13 | €419,190 | €419,190 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,922 | €2,578 | -€45,344 | -94.6% |
| Reserves not available under the articles | 1311 | €45,344 | - | -€45,344 | |
| Other | 1319 | €2,578 | €2,578 | = | 0.0% |
| Distributable reserves | 133 | €371,268 | €416,612 | +€45,344 | +12.2% |
| Profit (loss) carried forward | 14 | €4,780,429 | €5,592,975 | +€812,546 | +17.0% |
| Investment grants | 15 | €47,925 | €33,925 | -€14,000 | -29.2% |
| Provisions and deferred taxes | 16 | €400,000 | €400,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €400,000 | €400,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,350,617 | €5,723,526 | -€627,091 | -9.9% |
| Amounts payable within one year | 42/48 | €6,347,218 | €5,197,985 | -€1.1m | -18.1% |
| Trade debts | 44 | €1,606,170 | €1,379,698 | -€226,472 | -14.1% |
| Suppliers | 440/4 | €1,606,170 | €1,379,698 | -€226,472 | -14.1% |
| Advances received on contracts in progress | 46 | €2,701,286 | €1,313,822 | -€1.4m | -51.4% |
| Taxes, remuneration and social security | 45 | €1,039,763 | €754,466 | -€285,297 | -27.4% |
| Taxes | 450/3 | €403,114 | €152,141 | -€250,973 | -62.3% |
| Remuneration and social security | 454/9 | €636,648 | €602,324 | -€34,324 | -5.4% |
| Other amounts payable | 47/48 | €1,000,000 | €1,750,000 | +€750,000 | +75.0% |
| Accrued charges and deferred income | 492/3 | €3,399 | €525,541 | +€522,142 | +15362.5% |
| Operating income | 70/76A | €21,400,709 | €16,865,604 | -€4.5m | -21.2% |
| Turnover | 70 | €20,675,410 | €17,223,923 | -€3.5m | -16.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €610,939 | -€507,277 | -€1.1m | |
| Other operating income | 74 | €114,359 | €148,957 | +€34,598 | +30.3% |
| Operating charges | 60/66A | €19,747,993 | €15,638,606 | -€4.1m | -20.8% |
| Goods for resale, raw materials and consumables | 60 | €11,119,913 | €6,940,475 | -€4.2m | -37.6% |
| Purchases | 600/8 | €11,162,614 | €6,829,336 | -€4.3m | -38.8% |
| Change in stocks: decrease (increase) | 609 | -€42,700 | €111,139 | +€153,840 | |
| Services and other goods | 61 | €3,191,955 | €3,624,437 | +€432,481 | +13.5% |
| Remuneration, social security and pensions | 62 | €4,849,616 | €4,950,029 | +€100,412 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,072 | €155,743 | +€24,671 | +18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,904 | -€51,264 | -€80,168 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €400,000 | - | -€400,000 | |
| Other operating charges | 640/8 | €26,532 | €19,187 | -€7,345 | -27.7% |
| Operating profit (loss) | 9901 | €1,652,716 | €1,226,999 | -€425,718 | -25.8% |
| Financial income | 75/76B | €53,649 | €37,616 | -€16,034 | -29.9% |
| Recurring financial income | 75 | €53,183 | €37,616 | -€15,567 | -29.3% |
| Income from current assets | 751 | €11,373 | €623 | -€10,749 | -94.5% |
| Other financial income | 752/9 | €41,810 | €36,992 | -€4,818 | -11.5% |
| Non-recurring financial income | 76B | €467 | - | -€467 | |
| Financial charges | 65/66B | €69,853 | €93,235 | +€23,382 | +33.5% |
| Recurring financial charges | 65 | €69,853 | €93,235 | +€23,382 | +33.5% |
| Debt charges | 650 | €45,537 | €90,268 | +€44,731 | +98.2% |
| Other financial charges | 652/9 | €24,317 | €2,968 | -€21,349 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €1,636,512 | €1,171,379 | -€465,133 | -28.4% |
| Income taxes | 67/77 | €473,298 | €358,833 | -€114,464 | -24.2% |
| Taxes | 670/3 | €473,298 | €358,833 | -€114,464 | -24.2% |
| Profit (loss) for the period | 9904 | €1,163,215 | €812,546 | -€350,669 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,163,215 | €812,546 | -€350,669 | -30.1% |
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 2 October 2026 via checked.be.