VANAVIK: 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.
VANAVIK
Largest movements
- Tangible fixed assets -€38,380
down €38,380 (-3.0%), from €1.3m to €1.2m
of which Land and buildings: -€38,661
- Receivables within one year -€19,839
no longer reported in 2025 (was €19,839)
- Other debts -€612,909
down €612,909 (-90.9%), from €674,366 to €61,458
- Debts after one year +€565,004
up €565,004 (+165.9%), from €340,588 to €905,592
No income-statement line moved by more than 1% of the activity.
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 | €1,289,140 | €1,230,860 | -€58,280 | -4.5% |
| Fixed assets | 21/28 | €1,269,073 | €1,230,693 | -€38,380 | -3.0% |
| Tangible fixed assets | 22/27 | €1,269,073 | €1,230,693 | -€38,380 | -3.0% |
| Land and buildings | 22 | €1,262,798 | €1,224,136 | -€38,661 | -3.1% |
| Plant, machinery and equipment | 23 | €6,276 | €6,557 | +€281 | +4.5% |
| Current assets | 29/58 | €20,066 | €167 | -€19,900 | -99.2% |
| Amounts receivable within one year | 40/41 | €19,839 | - | -€19,839 | |
| Other amounts receivable | 41 | €19,839 | - | -€19,839 | |
| Cash at bank and in hand | 54/58 | €227 | €167 | -€61 | -26.7% |
| Total equity and liabilities | 10/49 | €1,289,140 | €1,230,860 | -€58,280 | -4.5% |
| Equity | 10/15 | €98,545 | €88,469 | -€10,077 | -10.2% |
| Contributions | 10/11 | €268,970 | €268,970 | = | 0.0% |
| Capital | 10 | €268,970 | €268,970 | = | 0.0% |
| Issued capital | 100 | €268,970 | €268,970 | = | 0.0% |
| Reserves | 13 | €391,226 | €380,746 | -€10,479 | -2.7% |
| Tax-exempt reserves | 132 | €391,226 | €380,746 | -€10,479 | -2.7% |
| Profit (loss) carried forward | 14 | -€561,650 | -€561,248 | +€402 | +0.1% |
| Provisions and deferred taxes | 16 | €130,409 | €126,916 | -€3,493 | -2.7% |
| Deferred taxes | 168 | €130,409 | €126,916 | -€3,493 | -2.7% |
| Amounts payable | 17/49 | €1,060,186 | €1,015,476 | -€44,710 | -4.2% |
| Amounts payable after more than one year | 17 | €340,588 | €905,592 | +€565,004 | +165.9% |
| Financial debts | 170/4 | €340,588 | €905,592 | +€565,004 | +165.9% |
| Amounts payable within one year | 42/48 | €719,598 | €109,884 | -€609,714 | -84.7% |
| Current portion of amounts payable after more than one year | 42 | €33,977 | €37,147 | +€3,170 | +9.3% |
| Financial debts | 43 | - | €49 | +€49 | |
| Credit institutions | 430/8 | - | €49 | +€49 | |
| Trade debts | 44 | €11,255 | €11,230 | -€24 | -0.2% |
| Suppliers | 440/4 | €11,255 | €11,230 | -€24 | -0.2% |
| Other amounts payable | 47/48 | €674,366 | €61,458 | -€612,909 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,369 | €39,555 | +€186 | +0.5% |
| Other operating charges | 640/8 | €8,387 | €8,642 | +€255 | +3.0% |
| Gross operating margin | 9900 | €46,552 | €46,540 | -€12 | 0.0% |
| Operating profit (loss) | 9901 | -€1,204 | -€1,657 | -€453 | -37.6% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €12,368 | €11,992 | -€375 | -3.0% |
| Recurring financial charges | 65 | €12,368 | €11,992 | -€375 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,572 | -€13,570 | +€2 | 0.0% |
| Transfer from deferred taxes | 780 | €3,493 | €3,493 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,078 | -€10,077 | +€2 | 0.0% |
| Transfer from tax-exempt reserves | 789 | €10,479 | €10,479 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €401 | €402 | +€2 | +0.4% |
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 6 October 2026 via checked.be.