VANAVID: 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.
VANAVID
Largest movements
- Tangible fixed assets +€36,622
up €36,622 (+252.0%), from €14,532 to €51,154
of which Furniture and vehicles: +€33,747
- Financial fixed assets -€1,782
down €1,782 (-53.3%), from €3,342 to €1,560
- Stocks and contracts +€1,510
up €1,510 (+9.9%), from €15,220 to €16,730
- Receivables within one year -€1,382
down €1,382 (-75.8%), from €1,822 to €440
of which Trade receivables: -€743
- Cash -€956
down €956 (-24.9%), from €3,846 to €2,890
mainly Investment in fixed assets (net) (-€44,671) and Net result for the year (-€24,476)
- Other debts +€53,034
up €53,034 (+305.1%), from €17,384 to €70,418
- Profit (loss) carried forward -€24,476
down €24,476 (-328.9%), from -€7,443 to -€31,919
- Tax, wage and social debts +€4,156
up €4,156 (+36.1%), from €11,511 to €15,667
of which Taxes: +€6,263
- Trade debts +€1,523
up €1,523 (+8.2%), from €18,509 to €20,031
- Purchases and services +€30,908
up €30,908 (+20.4%), from €151,306 to €182,214
- Staff costs +€8,277
up €8,277 (+11.5%), from €71,961 to €80,238
- Depreciation +€7,318
up €7,318 (+291.2%), from €2,513 to €9,831
- Turnover -€3,999
down €3,999 (-1.8%), from €222,726 to €218,727
- Other operating charges +€3,183
up €3,183 (+239.5%), from €1,329 to €4,512
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,533 | €76,788 | +€34,255 | +80.5% |
| Fixed assets | 21/28 | €17,874 | €52,714 | +€34,840 | +194.9% |
| Tangible fixed assets | 22/27 | €14,532 | €51,154 | +€36,622 | +252.0% |
| Plant, machinery and equipment | 23 | €9,185 | €12,061 | +€2,875 | +31.3% |
| Furniture and vehicles | 24 | €5,346 | €39,093 | +€33,747 | +631.2% |
| Financial fixed assets | 28 | €3,342 | €1,560 | -€1,782 | -53.3% |
| Current assets | 29/58 | €24,660 | €24,075 | -€585 | -2.4% |
| Stocks and contracts in progress | 3 | €15,220 | €16,730 | +€1,510 | +9.9% |
| Stocks | 30/36 | €15,220 | €16,730 | +€1,510 | +9.9% |
| Amounts receivable within one year | 40/41 | €1,822 | €440 | -€1,382 | -75.8% |
| Trade receivables | 40 | €817 | €75 | -€743 | -90.9% |
| Other amounts receivable | 41 | €1,005 | €366 | -€639 | -63.6% |
| Cash at bank and in hand | 54/58 | €3,846 | €2,890 | -€956 | -24.9% |
| Deferred charges and accrued income | 490/1 | €3,771 | €4,014 | +€243 | +6.4% |
| Total equity and liabilities | 10/49 | €42,533 | €76,788 | +€34,255 | +80.5% |
| Equity | 10/15 | -€4,943 | -€29,419 | -€24,476 | -495.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,443 | -€31,919 | -€24,476 | -328.9% |
| Amounts payable | 17/49 | €47,476 | €106,207 | +€58,731 | +123.7% |
| Amounts payable within one year | 42/48 | €47,476 | €106,207 | +€58,731 | +123.7% |
| Financial debts | 43 | €72 | €91 | +€19 | +26.4% |
| Credit institutions | 430/8 | €72 | €91 | +€19 | +26.4% |
| Trade debts | 44 | €18,509 | €20,031 | +€1,523 | +8.2% |
| Suppliers | 440/4 | €18,509 | €20,031 | +€1,523 | +8.2% |
| Taxes, remuneration and social security | 45 | €11,511 | €15,667 | +€4,156 | +36.1% |
| Taxes | 450/3 | €2,916 | €9,178 | +€6,263 | +214.8% |
| Remuneration and social security | 454/9 | €8,596 | €6,489 | -€2,107 | -24.5% |
| Other amounts payable | 47/48 | €17,384 | €70,418 | +€53,034 | +305.1% |
| Turnover | 70 | €222,726 | €218,727 | -€3,999 | -1.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,306 | €182,214 | +€30,908 | +20.4% |
| Remuneration, social security and pensions | 62 | €71,961 | €80,238 | +€8,277 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,513 | €9,831 | +€7,318 | +291.2% |
| Other operating charges | 640/8 | €1,329 | €4,512 | +€3,183 | +239.5% |
| Non-recurring operating charges | 66A | €2,371 | €3,282 | +€910 | +38.4% |
| Gross operating margin | 9900 | €71,420 | €73,963 | +€2,542 | +3.6% |
| Operating profit (loss) | 9901 | -€6,754 | -€23,899 | -€17,146 | -253.9% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €689 | €583 | -€106 | -15.4% |
| Recurring financial charges | 65 | €689 | €583 | -€106 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,443 | -€24,476 | -€17,033 | -228.9% |
| Profit (loss) for the period | 9904 | -€7,443 | -€24,476 | -€17,033 | -228.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,443 | -€24,476 | -€17,033 | -228.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.