VANBE: 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.
VANBE
Largest movements
- Cash -€20,108
down €20,108 (-39.0%), from €51,518 to €31,409
mainly Contributions, distributions and other (-€50,436) and Other debts (-€9,585)
- Tangible fixed assets -€15,133
down €15,133 (-32.2%), from €47,006 to €31,872
of which Furniture and vehicles: -€9,992
- Receivables within one year +€2,861
up €2,861 (+299.3%), from €956 to €3,817
of which Other amounts receivable: +€1,549
- Contributions -€15,460
down €15,460 (-75.6%), from €20,460 to €5,000
- Other debts -€9,585
down €9,585 (-21.9%), from €43,829 to €34,243
- Debts after one year -€6,057
down €6,057 (-34.9%), from €17,358 to €11,301
- Tax, wage and social debts -€4,038
down €4,038 (-31.3%), from €12,904 to €8,866
- Trade debts +€2,806
up €2,806 (+106.5%), from €2,634 to €5,439
- Depreciation -€3,994
down €3,994 (-24.9%), from €16,028 to €12,034
- Gross operating margin +€3,855
up €3,855 (+6.4%), from €60,069 to €63,924
- Taxes +€1,320
up €1,320 (+14.4%), from €9,155 to €10,475
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 | €102,967 | €70,906 | -€32,060 | -31.1% |
| Fixed assets | 21/28 | €47,606 | €32,472 | -€15,133 | -31.8% |
| Tangible fixed assets | 22/27 | €47,006 | €31,872 | -€15,133 | -32.2% |
| Furniture and vehicles | 24 | €40,180 | €30,188 | -€9,992 | -24.9% |
| Other tangible fixed assets | 26 | €6,826 | €1,685 | -€5,141 | -75.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €55,361 | €38,434 | -€16,927 | -30.6% |
| Amounts receivable within one year | 40/41 | €956 | €3,817 | +€2,861 | +299.3% |
| Trade receivables | 40 | €956 | €2,268 | +€1,312 | +137.3% |
| Other amounts receivable | 41 | - | €1,549 | +€1,549 | |
| Cash at bank and in hand | 54/58 | €51,518 | €31,409 | -€20,108 | -39.0% |
| Deferred charges and accrued income | 490/1 | €2,887 | €3,207 | +€320 | +11.1% |
| Total equity and liabilities | 10/49 | €102,967 | €70,906 | -€32,060 | -31.1% |
| Equity | 10/15 | €20,460 | €5,000 | -€15,460 | -75.6% |
| Contributions | 10/11 | €20,460 | €5,000 | -€15,460 | -75.6% |
| Amounts payable | 17/49 | €82,507 | €65,906 | -€16,600 | -20.1% |
| Amounts payable after more than one year | 17 | €17,358 | €11,301 | -€6,057 | -34.9% |
| Financial debts | 170/4 | €17,358 | €11,301 | -€6,057 | -34.9% |
| Amounts payable within one year | 42/48 | €65,149 | €54,606 | -€10,543 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €5,782 | €6,057 | +€275 | +4.8% |
| Trade debts | 44 | €2,634 | €5,439 | +€2,806 | +106.5% |
| Suppliers | 440/4 | €2,634 | €5,439 | +€2,806 | +106.5% |
| Taxes, remuneration and social security | 45 | €12,904 | €8,866 | -€4,038 | -31.3% |
| Taxes | 450/3 | €12,904 | €8,866 | -€4,038 | -31.3% |
| Other amounts payable | 47/48 | €43,829 | €34,243 | -€9,585 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,028 | €12,034 | -€3,994 | -24.9% |
| Other operating charges | 640/8 | €629 | €610 | -€19 | -3.1% |
| Non-recurring operating charges | 66A | - | €4,719 | +€4,719 | |
| Gross operating margin | 9900 | €60,069 | €63,924 | +€3,855 | +6.4% |
| Operating profit (loss) | 9901 | €43,411 | €46,561 | +€3,150 | +7.3% |
| Financial income | 75/76B | €43 | €78 | +€35 | +81.1% |
| Recurring financial income | 75 | €43 | €78 | +€35 | +81.1% |
| Financial charges | 65/66B | €1,417 | €1,188 | -€229 | -16.2% |
| Recurring financial charges | 65 | €1,417 | €1,188 | -€229 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €42,037 | €45,451 | +€3,414 | +8.1% |
| Income taxes | 67/77 | €9,155 | €10,475 | +€1,320 | +14.4% |
| Profit (loss) for the period | 9904 | €32,882 | €34,976 | +€2,094 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,882 | €34,976 | +€2,094 | +6.4% |
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 7 October 2026 via checked.be.