VanB: 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.
VanB
Largest movements
- Cash -€43,479
down €43,479 (-11.0%), from €396,775 to €353,296
mainly Net result for the year (-€38,617) and Receivables within one year (-€26,236)
- Receivables within one year +€26,236
new in 2025: €26,236
- Deferred charges and accrued income -€10,788
no longer reported in 2025 (was €10,788)
- Profit (loss) carried forward -€38,617
down €38,617, from €3,140 to -€35,477
- Other debts +€22,286
up €22,286 (+12.0%), from €185,765 to €208,052
- Tax, wage and social debts -€9,966
down €9,966 (-83.8%), from €11,886 to €1,920
of which Remuneration and social security: -€5,760
- Gross operating margin -€62,757
down €62,757, from €24,431 to -€38,326
- Taxes -€5,837
no longer reported in 2025 (was €5,837)
- Financial charges -€2,313
down €2,313 (-90.7%), from €2,551 to €238
- Other operating charges -€392
down €392 (-88.2%), from €444 to €52
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 | €407,564 | €379,531 | -€28,032 | -6.9% |
| Current assets | 29/58 | €407,564 | €379,531 | -€28,032 | -6.9% |
| Amounts receivable within one year | 40/41 | - | €26,236 | +€26,236 | |
| Other amounts receivable | 41 | - | €26,236 | +€26,236 | |
| Cash at bank and in hand | 54/58 | €396,775 | €353,296 | -€43,479 | -11.0% |
| Deferred charges and accrued income | 490/1 | €10,788 | - | -€10,788 | |
| Total equity and liabilities | 10/49 | €407,564 | €379,531 | -€28,032 | -6.9% |
| Equity | 10/15 | €207,540 | €168,924 | -€38,617 | -18.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €185,400 | €185,400 | = | 0.0% |
| Distributable reserves | 133 | €185,400 | €185,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,140 | -€35,477 | -€38,617 | |
| Amounts payable | 17/49 | €200,023 | €210,608 | +€10,584 | +5.3% |
| Amounts payable within one year | 42/48 | €197,677 | €210,608 | +€12,930 | +6.5% |
| Trade debts | 44 | €26 | €636 | +€610 | +2372.9% |
| Suppliers | 440/4 | €26 | €636 | +€610 | +2372.9% |
| Taxes, remuneration and social security | 45 | €11,886 | €1,920 | -€9,966 | -83.8% |
| Taxes | 450/3 | €4,206 | - | -€4,206 | |
| Remuneration and social security | 454/9 | €7,680 | €1,920 | -€5,760 | -75.0% |
| Other amounts payable | 47/48 | €185,765 | €208,052 | +€22,286 | +12.0% |
| Accrued charges and deferred income | 492/3 | €2,346 | - | -€2,346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | - | -€56 | |
| Other operating charges | 640/8 | €444 | €52 | -€392 | -88.2% |
| Gross operating margin | 9900 | €24,431 | -€38,326 | -€62,757 | |
| Operating profit (loss) | 9901 | €23,931 | -€38,378 | -€62,309 | |
| Financial charges | 65/66B | €2,551 | €238 | -€2,313 | -90.7% |
| Recurring financial charges | 65 | €2,551 | €238 | -€2,313 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €21,380 | -€38,617 | -€59,996 | |
| Income taxes | 67/77 | €5,837 | - | -€5,837 | |
| Profit (loss) for the period | 9904 | €15,542 | -€38,617 | -€54,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,542 | -€38,617 | -€54,159 |
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 8 October 2026 via checked.be.