VANAUVE LOGISTICS: 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.
VANAUVE LOGISTICS
Largest movements
- Receivables within one year +€319,889
up €319,889 (+49.8%), from €641,943 to €961,832
of which Trade receivables: +€323,868
- Cash -€75,963
down €75,963 (-78.8%), from €96,437 to €20,474
mainly Receivables within one year (-€319,889) and Debts after one year (-€141,379)
- Tangible fixed assets -€16,323
down €16,323 (-23.0%), from €71,028 to €54,705
of which Plant, machinery and equipment: -€14,110
- Short-term financial debts +€142,297
new in 2025: €142,297
- Debts after one year -€141,379
down €141,379 (-51.1%), from €276,631 to €135,252
- Trade debts +€90,501
up €90,501 (+17.8%), from €507,385 to €597,886
- Reserves +€64,116
new in 2025: €64,116
- Profit (loss) carried forward +€23,217
no longer reported in 2025 (was -€23,217)
- Staff costs -€90,485
down €90,485 (-39.3%), from €230,198 to €139,713
- Gross operating margin +€28,700
up €28,700 (+10.4%), from €275,643 to €304,343
- Taxes +€27,319
new in 2025: €27,319
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 | €824,102 | €1,045,517 | +€221,415 | +26.9% |
| Fixed assets | 21/28 | €81,096 | €59,246 | -€21,850 | -26.9% |
| Intangible fixed assets | 21 | €10,068 | €4,542 | -€5,527 | -54.9% |
| Tangible fixed assets | 22/27 | €71,028 | €54,705 | -€16,323 | -23.0% |
| Plant, machinery and equipment | 23 | €52,351 | €38,241 | -€14,110 | -27.0% |
| Furniture and vehicles | 24 | €18,676 | €16,464 | -€2,212 | -11.8% |
| Current assets | 29/58 | €743,006 | €986,270 | +€243,264 | +32.7% |
| Amounts receivable within one year | 40/41 | €641,943 | €961,832 | +€319,889 | +49.8% |
| Trade receivables | 40 | €626,255 | €950,123 | +€323,868 | +51.7% |
| Other amounts receivable | 41 | €15,688 | €11,709 | -€3,979 | -25.4% |
| Cash at bank and in hand | 54/58 | €96,437 | €20,474 | -€75,963 | -78.8% |
| Deferred charges and accrued income | 490/1 | €4,625 | €3,964 | -€661 | -14.3% |
| Total equity and liabilities | 10/49 | €824,102 | €1,045,517 | +€221,415 | +26.9% |
| Equity | 10/15 | -€22,217 | €65,116 | +€87,333 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €64,116 | +€64,116 | |
| Distributable reserves | 133 | - | €64,116 | +€64,116 | |
| Profit (loss) carried forward | 14 | -€23,217 | - | +€23,217 | |
| Amounts payable | 17/49 | €846,319 | €980,401 | +€134,082 | +15.8% |
| Amounts payable after more than one year | 17 | €276,631 | €135,252 | -€141,379 | -51.1% |
| Financial debts | 170/4 | €276,631 | €135,252 | -€141,379 | -51.1% |
| Amounts payable within one year | 42/48 | €569,672 | €825,986 | +€256,314 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €39,668 | €41,299 | +€1,631 | +4.1% |
| Financial debts | 43 | - | €142,297 | +€142,297 | |
| Credit institutions | 430/8 | - | €142,297 | +€142,297 | |
| Trade debts | 44 | €507,385 | €597,886 | +€90,501 | +17.8% |
| Suppliers | 440/4 | €507,385 | €597,886 | +€90,501 | +17.8% |
| Advances received on contracts in progress | 46 | €506 | €2,236 | +€1,730 | +341.8% |
| Taxes, remuneration and social security | 45 | €22,113 | €42,268 | +€20,156 | +91.1% |
| Taxes | 450/3 | - | €27,319 | +€27,319 | |
| Remuneration and social security | 454/9 | €22,113 | €14,950 | -€7,163 | -32.4% |
| Accrued charges and deferred income | 492/3 | €17 | €19,163 | +€19,147 | +115759.3% |
| Non-recurring operating income | 76A | - | €3,162 | +€3,162 | |
| Remuneration, social security and pensions | 62 | €230,198 | €139,713 | -€90,485 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,488 | €31,479 | -€1,009 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,210 | +€1,210 | |
| Other operating charges | 640/8 | €996 | €1,656 | +€660 | +66.2% |
| Non-recurring operating charges | 66A | €398 | €1,414 | +€1,016 | +255.3% |
| Gross operating margin | 9900 | €275,643 | €304,343 | +€28,700 | +10.4% |
| Operating profit (loss) | 9901 | €11,562 | €128,870 | +€117,308 | +1014.6% |
| Financial income | 75/76B | €458 | €565 | +€108 | +23.5% |
| Recurring financial income | 75 | €458 | €565 | +€108 | +23.5% |
| Financial charges | 65/66B | €12,664 | €14,784 | +€2,120 | +16.7% |
| Recurring financial charges | 65 | €12,664 | €14,784 | +€2,120 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€644 | €114,651 | +€115,295 | |
| Income taxes | 67/77 | - | €27,319 | +€27,319 | |
| Profit (loss) for the period | 9904 | -€644 | €87,333 | +€87,976 | |
| Profit (loss) for the period to be appropriated | 9905 | -€644 | €87,333 | +€87,976 |
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 4 October 2026 via checked.be.