VANBO: what changed
Two financial 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.
VANBO
Largest movements
- Current assets +€392,659
up €392,659 (+5.2%), from €7.5m to €7.9m
of which Receivables within one year: +€404,145
- Debts +€435,691
up €435,691 (+5.2%), from €8.3m to €8.8m
of which Debts within one year: +€323,856
- Turnover +€18.9m
new in 2012: €18.9m
- Gross operating margin -€3.9m
no longer reported in 2012 (was €3.9m)
From the 2011 result to the 2012 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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,061,492 | €9,472,037 | +€410,545 | +4.5% |
| Fixed assets | 21/28 | €1,564,844 | €1,582,730 | +€17,886 | +1.1% |
| Intangible fixed assets | 21 | €5,342 | €3,937 | -€1,406 | -26.3% |
| Tangible fixed assets | 22/27 | €1,555,457 | €1,574,749 | +€19,292 | +1.2% |
| Financial fixed assets | 28 | €4,045 | €4,045 | = | 0.0% |
| Current assets | 29/58 | €7,496,648 | €7,889,306 | +€392,659 | +5.2% |
| Stocks and contracts in progress | 3 | €857,000 | €1,175,000 | +€318,000 | +37.1% |
| Amounts receivable within one year | 40/41 | €5,907,644 | €6,311,789 | +€404,145 | +6.8% |
| Cash at bank and in hand | 54/58 | €403,856 | €77 | -€403,779 | -100.0% |
| Total equity and liabilities | 10/49 | €9,061,492 | €9,472,037 | +€410,545 | +4.5% |
| Equity | 10/15 | €665,979 | €674,116 | +€8,137 | +1.2% |
| Contributions | 10/11 | €264,815 | €264,815 | = | 0.0% |
| Reserves | 13 | €401,164 | €409,301 | +€8,137 | +2.0% |
| Provisions and deferred taxes | 16 | €48,379 | €15,095 | -€33,284 | -68.8% |
| Amounts payable | 17/49 | €8,347,134 | €8,782,826 | +€435,691 | +5.2% |
| Amounts payable after more than one year | 17 | €942,818 | €1,063,037 | +€120,218 | +12.8% |
| Amounts payable within one year | 42/48 | €7,393,406 | €7,717,262 | +€323,856 | +4.4% |
| Trade debts | 44 | €6,697,156 | €6,466,404 | -€230,751 | -3.4% |
| Turnover | 70 | - | €18,862,199 | +€18.9m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480,983 | €366,001 | -€114,981 | -23.9% |
| Gross operating margin | 9900 | €3,921,717 | - | -€3.9m | |
| Operating profit (loss) | 9901 | €353,083 | €560,470 | +€207,387 | +58.7% |
| Recurring financial income | 75 | €1,777 | €35,496 | +€33,720 | +1,898% |
| Recurring financial charges | 65 | €253,482 | €297,961 | +€44,479 | +17.5% |
| Debt charges | 650 | - | €134,252 | +€134,252 | |
| Profit (loss) for the period before taxes | 9903 | €55,315 | €17,304 | -€38,011 | -68.7% |
| Income taxes | 67/77 | €29,605 | €11,251 | -€18,354 | -62.0% |
| Profit (loss) for the period | 9904 | €27,094 | €8,137 | -€18,957 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,225 | €14,349 | -€16,875 | -54.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2011 and 31 March 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.